The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-05
CHARTER


So. u louisiana, Parish .; Orleans. C'.y /
.. Nv orleans.
Re k~5a~. tina, on this tn day OF June.
i-,-. ae:n-a ~r. Herbert v. Kaiser. a notary |
r.ir,,.. fv,v commissioned and qualified, n /
AMI ..- ne Parish ot Orleans. STATE o:
Louisiana. n the presence 81 the witnesses
hereinafter named and Undersigned person |
ais came and appeared the persons whose
-.-~r, re subscribed hereto. who declared
-rt-. avaiIing themselves II he proy,SIon OF
the Avs II The State u Louisiana, AMI more
/ Assembly Of -he State n louisiana Tor the
wear 1914. .lry have c)ve1lnced and agreed
a-i i1. ny tle~r presents. covenant, agree
/ bad and form themselves. a we'll as Suca
! person, Who may hereafter JOIN and become
/ associated With them. into 4 corporation and
! BODY polite IN ,aw. t)- the objects and puC-
/ pose, ard urie- the agreements and N,i3I.a-
/ .lDns following. to-wit: 49,.
! corporation shall be Cotton Land Trading
| CO. Inc and under that name = shall
have and enjoy all the rights. advantages
| and privileges granted by law to CORPORA
! tons L SHALL exist for 4 period OF ninety
nine wear, from date hereof, unless sooner
| dissolved l. shall have power 70 sue and
be sued in is corporate name: 70 MAKE ana
u>e a corporate seal and 70 break and alter
the same a, pleasure; - hold, receive, con.
vey. mortgage and hyPothecate real personal
| and mixed property, - issue bonds notes
Or o.he- 0bIigatiDuS: 70 have and employ such
managers, officers and agents as the interest
| and Convenience II the corporation may re-
qu,-e: ard - make and establish such laws
rule, and rtgnla'lons 10. the corporate man,
| .rTa:-, IF he corporation a may be deemed
necessary and expeiient.
| A~tisle 1.-THE i)m,c,le u this corpora
,;,n shall De In the City Of New Orleans,
State Of Louisiana. but !: may carry on is
2 business and affairs n any par: Of the world
. that is directors may see NJ. Al c''3tion
| and other legal process shall be served on
me president and in his absence On the sec
| srr~s-
Article III.-The objects and purposes Of
/, this corporation are - acquire. HoId ana
possess BY whatsoever rtle movable OF I'm,
| movable property Of every description N the
. State oi Louisiana and elsewhere IN the
, world. whether BY purchase. lease. donatlon,
! exchange " otherwise; 20 improve inmovao.e
I property by the erection Of buildings thereon
! or the planting and growing Of crops; %
: buy, sell and exchange stocks, bond, neT'
; chauiiSe, cotton and other products OF the
. | soil; - borrow money whether upon me
. | credit NJ The corporation or on notes OF the
: | corporation secured by mortgage on rs prop
Z | e~.v D. otherwise: % lend money upon mort
4 gage or other security; and, n general. q
do any and all acts and things con1ecteC
Z With incidental 20 ~ growing OUT 81 tht
: said objects -. forth Or contemplated
a Article IV-The capital stock oi this CO.
,. porati)r : hereby hxed at the sun o. iortN
Y | thousand lS+0m06) dollars. which capita
: stock may be increased - one hundred thou
e | Sand tSl60.0O00O dollars. Said capital stool
Il | shall ne divided into four hundred snare
n the value OF one llNlTtl N'4l4l
r. $4,000 each. 70 be paid for in cash, or u
4 | consideration for inu0vah,e property, stocks
e bonds or merchandise transferred 20 TIL
: corporation IN lieu ~ cash To be deter
n | ri-ei upon appraised values SET upon sue
ii property. 50 transferred, by the board OF d
4 | -ecto-s. io- which property. - Transferred
:. | This corpoation may issue its full pad an
2 | r0n-aSSeSSable stock.
- he ron-aSsessabIe. and no transfer shall !
n binding upon the corporation unless mad
Of upon its books and all certificates Of stoc
r. shall he signed by the presiden, ana me Sc
no rc,3rv-t-east-er " the corporation.
q Article Vino stakeholder OF this cnrpo
e alton shall Offer for sale, sell. a<ign or tran
h, fer his stock in this corporation without q
- ing 70 the other stockholders thirty da,
p-io- notice Of such intention, which noti
lis ! shall be given IN writing 70 the president
--e The corporation and shall by said PRESIDE
zee be immediately made known 10 the diTect9
rs NJ the corporation. and the Other stockhol
.sh e~s shall have the privilege OF purchase
ID sand stock at the book value thereof tor
BAR period Of thirty days from delivery ot "a
al notice 70 the pres idert.
I'D this company shall he vested in, and
by management and control of is business a
Ms affairs shall be exercised by, a board
be directors composed Of three stockholders
majority Of the directors shall constitute
or quorum for the transaction OF all CUISINE
>, l. 4-v meeting Of the board OF directors
of which there are only Two members Of
avs | - either OF the Two directors present az s.
md meeting written proxy % vote in the nan
NV place and stead Of the absent director up
e.s any question that may come before the :.
20 | directors AZ said particular meeting.
Te- directors shall be elected annually by D
e-s 10, On the first Wednesday after the
ne fav 0f January Of each year. All electro
aid shall Ne held under such rules ard regu
Of .ions as NAV be determined by the board
id directors bur after A. least ten days not
ION Of such election shall be given - each stot
his holder by mail sent 10 his last known
tall dress Or by publication for a. least hi
ave times n ten days preceding such ELECTION
aid one .; the English newspapers n New 7
Of leans No failure % hold an election 81
ION | be regarded a. 4 forfeiture OF this chart
in ANY vacancy II he board OF directors 81
yer ne filed by the remaining directors Tor
the u-expi-ed term.
ok, The t-s, board OF directors OF this c1.o
ade a-;o- shall consist Of Alex Hyman, Jor
Hitler and Harris LYMAN, all residents
ION New Orleans. Louisiana. with the said A
in LYMAN as president. said Jonas Hitler
opt v;ce-p-esiient and said Harris Hyran
,a-t observation-disclosures The said directors 81
aid serve until their successors are elected. !
bel b1a-d u directors shall after each elect
select from their number a president, VI
Of president and j secretary-tre7surer.
itv Article NIII.-No stockhoder sha.! {
-st be liable Or held responsible for the c
nee tracts. faults or debts OF this corporati
ON nor shall any mere informahty IN ITS org
the linton have the effect o. rendering