The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-12
CHARTER

State OF Louisiana, Parish OF Orleans, City
Be it known, that on this 7th day Of June,
1917 before me, Herbert W. Kaiser, notary
public duly commissioned and qualified, IN
and for the Parish Of Orleans, State OF
Louisiana, in the presence OF the witnesses
ally came and appeared the persons whose
names subscribed hereto, who declared
that, avaIlIng themselves OF the provisions Of
the laws Of the State OF Louisiana, and more
particularly OF Act No. 267 OF the General
Assembly Of the State OF Louisiana for the
| year 1914. they have covenanted and agreed,
| and do, by these presents, covenant, agree.
| bind and form themselves. well as such
persons who may hereafter join and become
| associated with them. into a corporation and
| body polite in law. for the objects and pur-
poses ard under the agreements and stiPu.a-
| tIouS following, to-wit:
| Article The name and style Of this
| corporation shall be Cotton Land 4 Trading
| Co., Inc, and under that name il shall
| and privileges granted by law 10 corpora
| tons II shall exist for a period OF ninety
| nine years from date hereof. unless sooner
| dissolved; il shall have power 10 sue and
| re sued in its corporate name; to make and
| use a corporate seal and 10 break and alter
| the same at pleasure; 20 hold, receive, con-
| yey, mortgage and hyPothecate real, personal
| and mixed property; 20 issue bonds, notes
| or other obligations: to have and employ such
| managers. officers and agents as the interest
and convenience OF the corporation may re-
quire; and TO make and establish such laws,
| rules and regulations for the corporate man
| agement and control Of the business and
| affairs OF the corporation as may be deemed
! necessary and eXpedIent
| Article 1.-THE domicle OF this corpora
non shall be in the CITY OF New Orleans,
State OF Louisiana, but il may carry on its
| business and affairs in any part OF the world
| that its directors may see mt. All citation
| and other legal process shall be served on
the president and in his absence on the sec
| retarV-treaSurer
Article III.-The objects and purposes Of
this corporation are: TO acquire, hold and
| movable property OF every description in the
| State of Louisiana and elsewhere in the
| world, whether by purchase, lease, donation,
| exchange or otherwise; to improve immovable
| property by the erection OF buildings thereon
| or the planting ard growing OF crops; to
| buy. sell and exchange stocks, bond, mer-
| chandse, cotton and other products OF the
| soil; to borrow money whether upon the
| credit OF the corporation or on notes OF the
| corporation secured by mortgage on its prop
erty or otherwise; to lend money upon mort
gage other security; and, in general, 10
do any and all acts and things connected
| said objects set forth or contemplated
| Article IV.-The capital stock OF this cor
poration IS hereby fixed at the sum OF forty
| thousand (S+OGOOO dollars, which capital
stock may he increased 10 one hundred thou
| sand (SlOOOOOO0) dollars. Ss1d capital stock
| shall be divided into four hundred shares
If the par value of one hundred dollars
| $4,000 each, 10 he paid for in cash, or in
bonds or merchandise transferred 20 this
corporation in lieu of cash to be deter
mined upon appraised values set upon such
property, so transferred. by the board OF d.
rectors, for which property. SO transferred;
this corpoation may issue its full paid and
| non-assessable stock.
Article V-All shares of capital stock shall
be worcestershire, and no transfer shall be
binding upon the corporation unless made
{ upon its books and all certificates OF stock
shall be signed by the president and the sec
: arytreasurer OF the corporation;
alton shall offer for sale. sell, aNign or trans
D | fer his stock in this corporation without CIV
D ing to the other stockholders thirty day
prior notice of such intention, which notice
$ | shall be given in writing to the president o
e the corporation and shall by said presiden
e he Immediately made known to the director
. OF the corporation. and the other stockhold
= said stock al the book value thereof for
T period of thirty days from delivery OF sal
, notice to the president
g Article VII.-Al the corporate powers q
d this company shall be vested in. and tn
y management and control of its business an
$ affairs shall be exercised by, a board o
E directors composed of three stockholders.
majority of the directors shall constitute
r quorum for the transaction OF all business
o At any meeting Of the board of directors a
{ which there are only two members of tn
< board present. the absent director may Civ
: 10 either of the two directors present al saic
l meeting a written proxy TO vote in the name
Y | place and stead OF the absent director upoI
5 any question that may come before the saiC
0 directors at said particular meeting. TIT
r directors shall be elected annually by bal
lot on the first Wednesday after the frs
: day of January Of each year All election:
! shall be held under such rules and regula
I tons as may be determined by the board O
directors but after al least ten days notice
Of such election shall be given TO each stock
holder by mail sent to his last known ad
dress or by publication for at least three
times in ten DAYS preceding such election II
one Of the English newspapers in New Or
! leans. No failure TO hold election shall
be regarded as forfeiture OF this charter
Any vacancy in the board OF directors shall
r be filed by the remaining directors for the
, unexpi-ed term.
, The first board OF directors Of this co~por
: alton shall consist of Alex Hyman, iona:
Hitler and Harris Hyman, all residents o.
, Hvman as president. said Jonas Hitler a.
vice president and said Harris Hyman a!
! secretary-treas The said directors shall
serve until their successors are elected Tht
board Of directors shall after each election
select from their number a president, vice
president and a secretary-treasurer.
, Article VIII-No stakeholder shall eve
{ be liable or held responsible for the con
{ tracts. faults or debts of this corporation
: nor shall any mere informality in its organ
e zation have the effect of rendering thi