The herald., 1917-06-14
CHAR Ter

This is particularly good for boys
shoes.
| 90 COTTON LAND X TRADING CO.. INC.
! State OF Louisiana, Parish of Orleans, Cry
0t New Orleans.
BE it known, that on thi, 9Th day Of Iurc,
| l1l7. before me, Herbert ". Kaiser q notary
public. duly commissioned and qual'ncd, in
| and for ,hc Parish OF Orleans, STATE OF
| Louisiana, IN the presence OF the Witnesses
I hereinafter named and uudcrsi gued, person
| ally came and appeared the persons whose
| names are subscribed hereto, who declared
| that, awaiting themselves Of the provisions Of
| the laws Of the State Of Louisiana, and more
| particularly OF Act No. 2b7 OF the General
| Assembly OF the State Of Louisiana for the
| year 1918, they have covcnan;ed and agreed,
| and d.. by these presents. covenant agree.
| bind and form themselves, as well a. 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 and under the agreements and s,pua-
| uons following, to-wIt:
| Article The name and style Of this
| corporation shall be Cotton Land & Trading
| Co, Inc, and under that name II shall
| have and enjoy all the rights, advantages
! and privileges granted by law 10 corpora
! lions. 1t shall exist for a period Of ninety
| nine years from date hereof, unless sooner
| dissolved; it shall have power 70 sue and
| he sued IN It's corporate name; to make and
| use corporate seal and TO break and alter
| the same a. pleasure; 20 hold. receive. con.
| vey, mortgage and hypotheCate real. personal
| and mixed property; To ISSUE bonds, notes
| or other obligations; 10 have and employ such
| managers, officers and agents as the interest
| and convenience Of the corporation may re-
| qure; and to make and establish such laws.
| rules and regulations tor the corporate man
| agemcnt and control Of the business and
| affairs of the corporation a may be deemed
| necessary and cNpedien;.
| Article 1.-THE domiCile of This corpora
4 , -f,.' -
| State OF Louisiana. but j; may carry on its
| business and affairs in any par; OF the world
| that its directors may lit. All citation
| and other legal process shall he served on
| the president and in his absence the sec
| retary-treasurer.
| Article III.-The objects and purposes Of
| ms corporation are: 10 acquire, hold and
| possess by whatsoever title movable or i'm
| movable property of every description in the
| State OF Louisiana and elsewhere in the
| world, whether by purchase. lease, donation,
| exchange OF otherwise: 20 improve Immovable
property by the erection Of buildings thereon
| or the planting and growing Of crops: TO
| buy, sell and exchange stocks bond, mer-
chandIse, 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 OF other security; and. in general, to
do any and all acts and things connected
with, incidental To or growing out OF the
| said objects set forth or contemplated
Article IV.-The capital stock Of this cor
poration Is hereby fixed at the sum of forty
thousand (S400OoO dollars. which capital
stock may be increased to hundred thou.
sand (Sl0O,0O0OO dollars. Said capital stock
shall be divided into four hundred shares
~ the par value OF one hundred dollars
($lOoo0) each, to be paid for in cash. or in
consideration for immovabe property, stocks
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 di.
rectors, for which property, so transferred
this corpoatiOn may issue its full paid and
worcestershire stock.
Article N.-All shares OF capital stock shall
be non-assessable, 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
retary treasurer OF the corporation.
Article Vino stakeholder of this Corpor.
alton shall offer for sale. sell. aNign or trans.
ter his stock in this corporation without Civ
ing to the other stockholders thirty days
prior notice OF such intention, which notice
shall be given in writing to the president of
the corporation and shall by said president
be Immediately made known to the directors
OF the corporation. and the other StOckhold-
ers snail have the privilege OF purchasing
Sald stock AT the book value thereof for a
period OF thirty days from delivery Of said
notice 10 the president.
Article NII-All the corporate powers Of
this company shall be vested in, and the
affairs shall be exercised by, a board OF
directors composed OF three stockholders 4
majority OF the directors shall constitute a
quorum Tor the transaction OF all business.
Al any meeting OF the board OF directors At
which there are only two members Of the
board present. the absent director NAV give
to either of the two directors present at said
meeting written proxy to vote in the narse
place and stead OF the absent director upon
any question that may come before the said
directors at said particular meeting. The
directors shall he elected annually by bal |
lot on the first Wednesday after the frs,
day OF January OF each year All elections !
shaiI be held under such rules and regula- |
tons as may be determined bv the board of
directors but after at least ten days notice
OF such election shall be given to each stock. |
holder by mail sent to his last known adj |
dress or by publication for at least three |
tines in ten days preceding such election in |
one OF the English newspapers in New Or |
leans. No failure 10 hold an election shall |
be regarded as a forfeiture Of this charter. |
Any vacancy in the board Of directors shall |
be hlled by the remaining directors for the |
unexpired term
The first board OF directors Of this cos1or- |
atom shall consist Of Alex HIyman. Jonas |
hllIer and Harris Hynan, all residents OF |
New Orleans, Louisiana. with the said Alex |
Lyman as president, said Jonas Hitler as |
Hice-preSident and said Harris Hyman as !
secretary treasurer. The said directors shall |
serve until their successors are elected The |
board OF directors shall after each election |
>eItCt from their number a president, Il vice |
president and Secretary-treas |
Article NllI.-No stockholder shall ever
be liable or held responsible for the con |
tracts, faults debts OF this corporation. |
nor shall any mere informality in its organ.
Ization have the effect OF rendering this |
charter null or OF exposing a stockholdcr 20 |
any Liability beyond the unpaid balance due |
on the shares of stock subscribed for hy |
MN. This act Of Incorporation may be |
changed, modified or amended, or this cor |
pora'ion may be dissolved in accordance with |
the provisions Of Sections Nos & and "a !
OF Act No. POI 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. |
wise, its business and affairs shall be lioui. |
dated and terminated by three liqudators 10 |
be selected by and from among the stock