The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-19
orn. cotton. or other hbrous material.

lIoih Cotton. or other hbrous material.
Article N.-Ihe capital stock OF this cor
poration Is hereby fixed at the sum of on
: hundred thousand dollars (S1OO,OOOO) to b
divided INTO one thousand shares of $1,000
escn' 10 be paid for by the subscribers there
10 by money or property or labor done a
the time OF the subscription, and the sal,
| capital stock may be increased 10 the sun
OF one hundred thousand dollars ($lOOOOOOO
additional.
Article N.-All the corporate powers, SAVE
those hereinafter reserved, shall be vested il
ana exercised by a board of directors com
posed of five stockholders three of whom
snail constitute quorum. Vacancies therein
may he hlled by the remaining directors un
I'll successor is duly elected Said boar,
shall remain in ofhce until its successor j:
elected and qualified in due course
The board shall elect from among it's mem
6erS a president. one more vice-presi
dents and secretary-treaSurer OF said corpo
ration. but the latter office may be filled by
a non-director or non-stockhdlder. These
ohces shall be held al the pleasure of the
| S!oSkholderS, who shall always have the
right at any meeting 10 remove or replace
any or all OF the officers of the corporation
| The board OF directors shall have the power
10 employ and discharge at pleasure all
| clerks agents or other employees and TO FIX
the compensation of the same
Any director unable for any reason TO act
or ne present at a meeting may give his
| and stead.
| The board of directors shall have no power
to lease. sell. mortgage or convey any part
| OF the operating plant OF the corporation, or
! me real property upon which it is situated,
! either IN whole or IN part; nor to transfer
4 the assets of the corporation as a whole or 10
merge said corporation with any other cor
| poration, directly or indirectly. Neither shall
J 1t nix the salaries OF the officers of the cor
poration or change the same The board is
| gwen the authority, however TO fix salaries
| less than one hundred dollars per month and
to change the same at pleasure; provided that
no uniform increase or advance of wages or
L DRaN ~
| whole shall be granted without the consent
| of the stockholders.
The board of directors shall be elected at
| a general meeting of the stockholders 10 be
| held the second Monday of January in each
year, at which meeting any matter of inter
est to the corporation may be discussed and
determined as matter of course and with
out previous notice.
Meetings of the stockholders may be held AZ
any time on call of any of the officers or at
the request of stockholders owning ten share,
or more.
Article VI.-The following powers are ex.
pressly reserved to the stockholders TO be
exercised by them as follows, to-wit: the
| right to merge. amalgamate or combine the
cp6rpoTation with other corporations; to sell
! the corporation assets as whole or to lease
sell or mortgage the property plant of the
corporation, either in whole or in part; TO fix
salaries of the officers or the corporation;
TO coptrol any uniform general increase of
salaries Of employees; to control the policy
OF the board of directors and the officers Of
the corporation, and increase the capital
stock.
Any or all the things herein reserved nav
be done and performed by the stockholders
in meeting assembled and provided ninety per
cent; of the stock issued and outstanding
shall agree to the same.
Elections for board of directors and all
other actions of the stockholders shall be
valid only when evidenced by the same vote
IN n, favor thereof. Fifteen days notice of
all meetings of stockholders shall be given
in writing in the manner provided by law.
All elections shall be by ballot each share
being entitled to one vote to be cast in
person 9t,Is or by written proxy, or by letter
Any and all notices prescribed by this
charter or by the law for meetings of direc-
tors or stockholders or otherwise may be
OF all the directors or stockholders, as the
case may be.
Article ,vII-No stakeholder shall ever be
held liable or responsible for the contracts
faults of said corporation in any further
sum than the unpaid balance due the COM
pany on the shares of stock owned by him.
nor shall any mere informality in organiza-
ton have the effect of rendering this charter
null, or of exposing any stakeholder to any
liability beyond the unpaid balance due him.
Article VIlI.-This corporation shall have
the right to contract, sue and be sued to
make and use corporate seal. and the same
to break or alter at pleasure; to hold, receive,
lease, purchase, and convey, as well as mort.
gage and hypothecate under its corporate
personal
mixed; to effect loans, issue bonds, notes
or give and receive the same as security; to
name and appoint such officers, managers, |
directors and. agents as the interest and
and to make and establish such bylaws, |
rules and regulations for the proper man. |
agement and regulations of the affairs of |
said corporation as may be necessary and
pleasure. And to do all such acts and |
things as may be proper to carry out the !.
objects and purposes of this corporation.
be changed, modified or altered or the cap !
ital stock increased decreased in the man |
ner and form prescribed by law at a general |
meeting convened for that purpose after If |
teen days notice mailed by the secretary
treasurer to the last known residence of each I
or delivered by him in person;
provided that ninety per cent of the entire |
stock issued and outstanding consent to said
Article X.-Whenever this corporation is
dissolved, either by limitation or from any
other cause, its affairs shall be liquidated by |
at a general or special meet.
ing of the stockholders after fifteen days
written notice mailed by the secretary to
The last known residence of every stock
holder, or delivered by said secretary in per-
son. Said commissioners 20 be chosen by
majority vote of the stock cast at said meet
ng by the owners thereof as they appear on
he books of the company, at the date of said
If stock being entitled to one vote. In the
went of the death or inability or failure of |
either of said commissioners to act, the re.
naming commissioner shall liquidate the af.
airs Of the corporation.
Thus done and passed at my Office In
he city of New Orleans. on the day, month
md year first above written, in the presence
Il Edward Macquillan and Leo L. Dubourg,
competent witnesses Of lawful age and resi-
James hereto with said sppearers and me,
rotary, after due reading of the whole.
Signed: Sig. Kohlmann, w. L. Landau A.
< Landau, Edward Macquillan, Leo. l. Du.
,ourg.
HENRY P. DART, JR.. Notary Public.
I, the undersigned, recorder of mortgages,
n and for the parish of Orleans, State of
do hereby certify that the act Of
Incorporation of the Kohlmann Cotton Mill
Mfg. Co. was this day duly recorded in
ny Office in book 1901. folio 26s. New Orleans,
(SigneD EMILE J. LEONARD, Dy. R.
true copy of the original.
HENRY P. DART, JR., Notary Public.
ept Is oct IL l9 26 nov 2
QUALITY FIRST II,