The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-19
REMEDIAL RATES
A Remedy for the Eurbitant
Intsrsst Charged

/ persons who may hereafter john and hesom
! a>,1e'A.ci with them, INTO a corporation al"
''dy r,I.'S n .4%, ''E ,.,e 2.jec,s ana p"[
. poses 4HI under the agreements ana sNpu.a
/ ,o1s following. tJ-w':
Article line name and style 81 IN
/ corporation NA,.! be cotton Land y Ira4'"
-. Inc, ana under iIat name II Sha.
q nave anu ENJOY At ne UEA,S, advantage
and privileges granted by law 20 corpora
! t:.nS. Il shall exist Tor a period OF ninety
1 nine years iT'," dltc hereof, unless s'pne
! d.NN'.Frd' u Nh'A nave power 10 sue a."
| be sued IN rs corporate name; q make am
| use corporate sea- ana - ,,TcaN ana a'te
| the same az pleasure, 10 hold, receive. con
! vcy, mortgage and hyP'thccate real, persona
AND mixed property; 20 issue bonds, note
| or other obligations; 20 have and employ sucl
and convenience 81 the c'rPo-auon may re
l"lfc; ana 70 make ana establish such laws
rules A"d regulations 10y me corporate man
AEc|en' and 'oniT'. OF the business an'
necessary ana cXped.ent.
Article Il.-lAe d'mtcilc OF TINS corpora
u'n >5a.. be IN the City OF New Orleans
state OF Louisiana, but II may carry on ~
business ard affairs IN any part OF the wor.C
that rs directors may see IT. All citation
and other legal process snail be served OF
anu ill MS @'s'''e 0" '''e SEC
h.-r III Tr,o ,,;o..s ,.l ..--.-,- 81
49,. .,~,,--,..,., -, rFrI ~
r,.sa.s tv yb7,s1oyc- iii. ,,,,,-,rr. ~ %
.r..-.r.r, 3..--.,...., IL,
So. r'r:ss. - .-,,f. 80" =; - 80, 49,
Ia ,I..-,c- L,. -. - -: ''.>
rxrarr mr. 5,rer,yisc. =, i-,o-,,. i.,I.,,lh
D-7or-.,, In, the e-e-.;,, ~ r,,;r l:ry- .re-a,r
mr. .Ie' rrgrti~g ,r3 c-,,,.;.,l, - 80. >.
-. III - - -,
.t,,I.s -, - - 80 ~. 49,
III. =, 49,, -. - -. -
,-I. -. 49,, .'-,-.:y ~ ~. - az 49,. 49,
r-,,.r,.,,~ s,,,-el ~. ,,,-,,,,gs 80, &c -
49,, 80 .L,--,.:. -. -, -. -, -.
L. 49,, ~ al - - a
,'.,.L ;.-;lnr.,I =. m -, ,. - 80
said objects set forth or contemplated
Article IN-The capital stock Of this cor
p1-ati5n is hereby fixed n the sum Of forty
thousand CS4Qr0UD dollars which Canital
stock may be increased 10 one hundred thou.
sand CSl1upOOO dollars Said capital stock
shall be divided into four bundled shares
# the par value Of one hundred dollars
5000 m each 70 be paid for in cash or in
consideration for imm0vablc proper.v. stocks.
bonds or merchandise transferred TO this
corporation in lieu Of cash 20 be deter
mined upon appraised values set upon such
property, 50 transferred, by the board OF di-
rectOrS. for which property. 81 transferred.
this corpoa,ion may issue its full paid and
non a Sessahle stock
A-,;rr. V-.Arr sL,-es ~ -,-:.,1 s.,-r- sL,rr
L 1,-,N,s'o.saIT - - .La;- sLrI -
f;l;,, -, .t r-a-,.; ,,,is "a
go, :. 49, - ~ 80 - -
Xii 10 ;oI - - 49, -sS:i. - ', -
Ia. De oy me pss..ugn! ana '''e sec
49, VI v, s.,r,,r,o1io- - -. oo-,,-.
80, SILL [fTa- TO- 80 eli ;r-, - go
= -, - = s. =, - a.
800: ~ III - M t; ~
-, -, ~ - = ;.a..:. ,i';.S 70
s5,rI he go :; ,,-;.;, -. ~ -
he r,-no>a,;o, and sill Jy - ,-es;JeI.
he ;,,r,pJ;,,aI,, ~. 49,. 80 49,, pd-os.-s
Of the cooperation, and the other stockhoid.
ers shall have the privilege OF purchasing
said stock at the book value thereof for a
period Of thirty DAVIS from delivery OF said
notice to the president
Article VIT-Au the c,-,o-,.e rov,e-s ,f
49,; .,.i,. tn 'i.s D1'."'1c PoMeIS 81
"a a-or ~ ,, anu 'lig
,tT,;-s sLaiI ~ ,o.;oJ - ''t'Css any
-a.-s ",',,-e,5 ~ - ~, DlH,H
,aiSr;,y ~ ,bo L;-e-,-. sr,I s.?.,,,
quorum for the transaction Of all business,
st any meeting Of the board of directors at
which there are onlv two members Of the
board present, the absent director ma, give
to either of the two directors present at said
meeting a written proxy 10 vote in the name
place and stead OF the absent director unon
anv question that may come before The s,;5
directors at said particular meeting. The
directors shall he Elected arruaIIv ~ hi
lot on the first "Wednesday after the first
dav Of January OF each wear. All elections
shall he held under such r,,Ies and -eg,,I,
tons as NAV be determined bv the board Of
directors but after az least ten davs notice
Of such election shall he given "a each stool.
holder bv mail sent Ia his last known aJ
dress or by Dublicafior for At 1east +b-ee
times in ten DAYS preceding such election in
one OF the Fnqlish rpwsn5ne-s :, Nay ~
leans No failure 70 hold an eIec+;on sLaIl
be regarded as A forfeiture Of This cb7rter
ANY vacancy in the board Of directors sbeii
be filled by the remaining directors for the
uueXpired fern
IT, G.. -, r ,:-. r IT..
ttsir ".a.u VI ~ 9J lhis COLOR
II:lIa Ia II: - =. .1IeN y'Ilay, !o"ds
~ 60 7 iis .'."'!.' an IesluehIs OF
Us ~ lne S4!u AItx
-; o'g'-t Sa'I yondS HlIer as
.t .- a..N ~ r. nan hy'ldn a.
- ,y,i -; lIe Sdiu uIgCloIS sIdII
Lo,-J as 80, are e!tc'eq. ne
seIect ~, -; 49, 80. eICm eIection
n-esi5er+ "a s-o. . p,ss,,islL'' d VICE
Artciie Nlli.-No stockhoider shall ever
1e Haoje or he'd responsible Tor the con-
tracts; Iauits or debts OF thls corporation,
nor shaii any mere lntorma!ity IN IT'S organ
lza,lon nave the erect OF rendering this
CnaF'fr nun or OF exposing Stockholder to
on the shares Of stool s,iT5scr;bsd 80 u ~,
him. This act of Incorporation may be
changed, modified or amended, or this cor
poratlon may be dissolved in accordance with
the provisions OF Sections Nos. o and q
OF Act No. 267 of the General Assembly of
the State OF Louisiana for the year 1914.
In event OF the dissolution OF this corpora
ton by the expiration of its charter, or other