The herald. [volume] (New Orleans, La.) 1905-1953, 1918-02-14
OF CRESCENT CITY. MOSS
INCORPORATED,

; OF CRESCENT CITY. MOSS GINNERl
, INCORPORATED.
/ United States of America, State of Louis
D ana. Parish of Orleans, City of Me-
vi Orleans.
Be it known, That on this fifteenth da
, Of the month of January, in the year of ou
Lord one thousand nine hundred and eighteen
/ and of the Independence of the Unite
, States of America, the one hundred and forty
r second before me, Frederic Charles MARI
Notary Public, duly commissioned an
qualified, in and for the Parish of Orleans
State of Louisiana, and in the presence o
the witnesses, hereinafter named and I'm
derSlgned, personally came and appeared:
unto subscribed, all residents of the City o
New Orleans State of Louisiana, and o
the full age of majority, who severally de
II clare, that availing themselves of the pro
visions of the laws and Constitution of thi:
| State, relative to the organization OF corpo
| rations, they have covenanted and agreed
| and by these presents, contract, agree and
| bind and obligdte themselves as we'll a!
| such persons as may hereinafter become as
| ISOLATED with them, TO form and constitute
| body polite in law, for the objects and
purposes and under the agreements and slip
ulations herein following, which they adopt
! as their charter, tn-wt:
| Article 1.-The name and title of this cor
| pOratiOn is hereby declared TO be Crescent
| City Moss Ginnery, Incorporated, and shall
| have corporate existence for the period OF
/
| and shall have and exercise for the purpose
| of the business TO be carried on Ly it. all
! the powers conferred by law on similar cor
poratiOns, including the power to make and
| use a corporate seal and the same 10 break
| or alter at pleasure; to contract, sue and
| be sued in its corporate name; to hold,
| vey, mortgage, hypothecate, pledge, or 9TH
vey, mortgage hyPothecate, pledge, or 9TH
erwise cucumber property, both real and per-
sonal; to issue bonds, notes or other obliga-
| tlons, Tor the purpose OF borrowing money,
| and TO secure same by mortgage or other
wise, to name and appoint such officers, man.
ayers, directors, agent and other employees
as the interest of the said corporation may
| require, and TO establish such bylaws, rules
and regulations as may be necessary and
proper, and the same to alter, amend or
abolish at pleasure, and generally to do and
perform all such acts and proper to carry
out and execute the purposes of this cor
poration.
Article 1.-The domicile of this corpora
ton shall be in the City of New Orleans,
State of Louisiana, but it may establish and
operate Offices and agencies wherever it may
deem advisable. All citation or other legal
process shall be served on the President and
Treasurer of this corporation, or in the event
of his absence or inability to act upon the
Vice President.
Article III.-The objects and purposes for
which this corporation is organized and the
nature of the business to be carried on by
it are hereby declared to be: To gin, buy,
moss; to purchase, hold, lease and otherwise
acquire, construct, maintain and operate fac
tories, mills and ginneries, in this State and
elsewhere. as may be necessary, convenient
or deemed proper for the prosecution of its
business, and generally to do any and all
things which may be necessary or incidental
to the conduct of the business herein con-
templated.
Article Iv.-The Capital stock of this cor
poration is hereby fixed at the sum of seventy
thousand dollars (S7O,OOO.OO divided into and
represented by seven hundred GOO shares
of stock of the par value of One Hundred
Dollars $4,000 each. Said stock shall be
paid for in cash at such time, in such
amounts and after such notice to the sub
scribers as may be fixed by the Board Of
Directors, and the same may be issued at
not less than par for labor done or property
actually received by the corporation. Said
stock shall be fully paid and non assessable
when issued. No transfer of said capital
stock shall be binding upon this corporation
unless made in accordance with the charter
and bylaws and recorded on the stock trans
fer books of the company.
No stakeholder of this corporation shall
sell his stock to any person, until he has
first offered the same to the then stock
holders of the corporation at its then book
value, and the said stockholders shall have
the right to accept or reject said offer within
FIVE days after the same has been made in
writing and filed with the Secretary of the
corporation.
This corporation shall be going concern
as soon as Forty-hve Thousand Dollars of
the capital stock has been subscribed for.
The capital stock of this corporation may
be increased or diminished in accordance with
the laws of the State of Louisiana, in such
cases made and provided.
The amount to which the capital stock OF
this corporation may be increased is hereby
fixed at Two Hundred Thousand Dollars,
$4,000 OO).
Article Vail the powers of this corpo-
ration shall be vested in and exercised by
a Board of Four Directors, each of whom
shall own at least one share of the capital |
stock of this corporation, and three directors
shall constitute a quorum
The said directors shall be elected by bal |
lot at the annual meeting of the shareholders, |
under the supervision of two commissioners, |
appointed by the Board of Directors, which |
meeting shall be held on the Third Monday |
of January of each year, after due notice
given to the stockholders by the Secretary |
by mail at least fifteen days prior to the
date of such election. At all meetings of
the shareholders each shareholder shall be |
entitled to cast one vote, in person Or by
proxy, on each share of stock held by him, |
but no persons shall vote and stock trans.
ferred within ten days eff the holding OF said
meeting. At all elections it shall require |
a majority of the votes cast to elect. AT
any meeting of the Board of Directors, any
director absent from said meeting may be |
represented by another director, who may
cast the vote OF said absent directors upon /
all matters coming before the meeting. The |
Board of Directors shall have the power 70
lease, sell, mortgage or pledge any and all
Of the property, movable and imrnovable, be-
longing to the corporations, without refer
ence to the shareholders for power to do so,
and they may also purchase for cash or on
credit, property of any kind required for
my of the purposes of this corporation, with
,ut authority from the shareholders The
Board of Directors shall have the power to
he President and Treasurer to issue prom
ssory notes and other negotiable paper. 1t
shall require the vote of majority of the
Directors to transact any business, or pass
my resolution or motion.
Until the next general meeting to be held
inder this charter, viz: on the Third Monday
Il January, 1919, the Board of Directors of
his Company shall be composed Of Noise
levy, Jr.. 1920 St. Charles Ave, New Orleans,
a., Nathan S. Stern, 705 Berlin Street,
Sew Orleans, La, Walter E. Levy, 1870 St.
>harles Ave, New Orleans, La, and Jake
J. Stern, Canal and Royal Streets, New
orleans, La, with Noise Levy. Jr. Pres
dent and Treasurer, Nathan S. Stern, Vice
President, and L. P. Delahoussaye, Secre-
airy.
The Officers of this corporation shall be
President and Treasurer, and Vice-Pres-
dent and a Secretary. The Secretary need
ot be a shareholder or director. The Board
Directors shall have full power and au-
hority to FL all vacancies occurring in the
lumber. All officers and directors Of this