The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-24
CHARTERS.

CHARTERS.
such persons as may hereinafter become as.
sociated with them, TO form and constitute
a body polite in law, for the objects and
purposes and under the agreements and slip.
ulations heIein following, which they adopt
as their charter, tn-wit:
Article THE name and title of this cor
poratIon is hereby declared TO be Crescent
City Moss Gnnery, Incorporated, and shall
have corporate existence for the period of
ninety-nne (99) years from the date hereof
and shall have and exercise for the purpose
OF the business to be carried on by it. all
the powers conferred by law on similar cor
porationS, including the power to make and
use a corporate seal and the same TO break
or alter at pleasure; to contract sue and
be sued in its corporate name; to hold
vey, mortgage, hypOthecate, pledge, or 9th
yey, mortgage hypothecate, pledge, or 9TH
erwise cucumber property, both real and per.
SOnal; to issue bonds, notes or other obliga-
tons, for 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 NAV
require, and 10 establish such bylaws rules
and regulations as may be necessary and
proper, and the same to alter, amend or
abolish at pleasure, and generally 10 do and
perform all such acts and proper to carry
out and execute the purposes Of this cor
poration.
ton shall be in the City of New Orleans.
State Of Louisiana, but it may establish and
operate offices and agencies wherever II may
deem advisable. All citation or other legal
process shall be served the President and
Treasurer OF this corporation, or in the event
Of has absence or inability to act upon the
| Nice-P 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
sell, export, clean and generally TO deal in
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 10 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
poraton is hereby fixed at the sum of seventy
thousand dollars (TO,OO0OO) divided into and
represented by seven hundred 600 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 10 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 worcestershire
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 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 |
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 |
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 persons shall vote and stock trans
ferred within ten days of 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 20
lease, sell, mortgage or pledge any and all
of the property, movable and imlnovable, 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
any of the purposes of this corporation, with
out authority from she shareholders. The
Board of Directors shall have the power 20
issue or confer general or special power on
issory notes and other negotiable paper. 1t
shall require the vote Of a majority of the |
Directors TO transact any business, or pass |
any resolution or motion.
Until the next general meeting to be held |
under this charter, viz: on the Third Monday |
of January, 1919, the Board Of Directors of
this Company shall be composed of Noise
Levy, .yr., 1920 St. Charles Ave, New Orleans,
New Orleans, La, Walter E. Levy, 1920 St.
Charles Ave, New Orleans, La, and Jake
S. 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 a Vice-Pres-
dent and a Secretary. The Secretary need
not be a shareholder or director. The Board
# Directors shall have full power and au- .
hority to fill all vacancies occurring in the
number. All officers and directors of this
shall remain in Office until their
elected and qualified. Failure