The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22
CHARTER

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| consolidate with and enter into agreements
| and cooperative relations not IN contraven-
| ton OF law, with any person or persons
| firms, associations or corporations, govern
| mental municipal or otherwise, in and about
| the carrying on and accomplishment OF all
or any of the purposes Of the Company; TO
| carry out all OF the objects and purposes
| hereinafter set out; 70 name and appoint
I agents. as the interest and convenience OF
| said corporation may require; and 70 make
| and establish, as well alter and amend
| at pleasure. such bylaws, rules and regula-
| the affairs Of the corporation as may be
necessary, proper or convenient.
| ARTICLE 1.-THE domicile Of this cor
| poration shall be in the Parish Of Orleans.
| legal process shall be served upon any OF
the officers Of the corporation.
| ARTICLE III.-The objects and purposes
| for which this corporation Is organized, and
| the nature OF the business TO be carried on
| by II, are hereby declared to be: to buy.
/ sell and deal in all sorts Of cotton and cot
| ton products, cotton baggIng and cotton ties,
| for its own account and the account Of Others
| on commission, and as agent OF outright, at
| any point points within the United
! States or abroad; for export other domes-
| tic purposes; TO carry on business in the
| United States, or elsewhere, as factors,
| agents, commission merchants, or merchants,
| IN all sorts of cotton, cotton products, cotton
| bagglng and ties, and in all sorts of agrI-
cultural products and commodities and sup
| plies, materials connected herewith; 10
acquire and hold, sell, cucumber or dispose
| Of stocks and bonds of other companies, TO
| the extent permitted by law; TO hold stock
| in other companies; to exchange its entire
capital stock, or any par thereof, for prop
erty which il Is authorized to acquire. or
! 10 exchange its entire assets and business,
| or any part thereof, for property, stocks,
| bonds or other obligations Of other compan-
les; and generally, to do all such acts or
| things as may be necessary, proper con-
venieut for the accomplishment Of any Of
| the foregoing objects and purposes.
| ARTICLE IN.-The capital stock Of this
corporation is hereby fixed at the sum of
into Five Hundred 500 shares of the par
value Of One Hundred Dollars $4,000 per
share. The amount of the stock may be IN
| creased to Five Hundred Thousand Dollars
| (S500OO0O0). The whole any portion OF
| said stock shall be paid for in cash, II
may be issued and delivered to any person.
firm or corporation for the acquisition of
the rights. privileges or property owned or
controlled by such person, firm or corpora
| ton, for the fair value thereof as appraised
by the Board Of Directors; and the Board
OF Directors hereinafter created is specially
authorized to issue and dispose of the stock
At not less than the par value, for any and
all purposes as in its judgment may seem
ARTICLE V.-All the powers of this cor
poration shall be vested in and exercised by
81. nor more than seven ca directors. (The
precise number of directors within said limit
shall be fixed by the vote OF the stockhold-
ers at the annual meeting, or at a special
meeting called for that purposeD Said Board
Of Directors shall be elected annually by
ballot at a stockholders meeting called for
that purpose on the second Monday in July
Of each year Cor the next legal day, If that
be a holiday after due motive given to the
stockholders by mail. at least fifteen days
before the date OF said meeting. Each hold
er of stock shall be entitled to one vote
for each share Of stock standing in his name
be cast in person or by proxy and the ma
| jority OF the votes cast shall elect. The
| Board of Directors shall have the power TO
fill all vacancies which may occur or in any
manner arise or be created on the Board
even though quorum remain at the time
such vacancies are to be filled Failure to
elect directors on the day above specified
shall not dissolve the corporation, but the
directors then in office shall remain in of.
flee until their successors elected and
qualify. The Board shall elect from their
number, President, Vice-President,
urer; provided that the Board may dispense
with any of said officers, may combine
any of them, or may electe such other otti'
GERS (who need not be members of the Board
or stockholders) think proper or convent
ent for the carrying on of the Company's
business, and they shall fix the salaries OF
all officers, agents and employees. AT any
meeting of the Board of Directors. any di
rector absent from the meeting may be rep
: | resented by any other director, who may
cast the vote of the absent director accord
ing TO the written instructions, either gen
eral or special, of said absent director. TIL,
Board of Directors shall have authority &
make and establish, well as alter and
: amend, all bylaws, rules and regulations
necessary and proper for the support anC
management of the business and affairs o
! the corporation and not inconsistent with Thu
charter; and they shall have power to au
thorize the borrowing of money and the is
suance of notes and the execution of mort
cages and pledges, and generally to do al
things necessary or convenient for the prope
carrying on of the business OF the corpora
ton.
Until the general meeting of the stock
holders for election of directors TO be hel,
on the second Monday Of July, 1919, or unit
their duly qualified successors are electe,
and installed the Board of Directors shall
be composed of Norman Mayer, address g
Gravier Street, New Orleans, La; Chas E
Levy, address $40 Gravier Street, New Or
leans. La. Albert s. England, address 50
J.. Gravier Street. New Orleans, La; Simon
Shlenker, address $50 Gravier Street NeN
Orleans. La; NJ. James Levy address 50
e Gravier Street, New Orleans. La; Monro
e Scheuer. address $50 Graver Street. New Or
J, leans, La: and T. s. Adams. address Mus
S kogee, Okla. OF these Albert S. Englan
= shall be President; Simon J. Shlenker: Vice
President; T. 6. Adams. General Manage
n ARTICLE VI.-This act of incorporate
: may be changed modified or amended, or III
s corporation dissolved by vote of two-third
+ of the entire capital stock present or repre-
s scented at a general meeting of the stock
o holders convened for such purpose, after pr:
e vious notice shall have been given in tn
j. manner above required to be given of tn
d annual meeting Of the corporation.
/, ARTICLE VILE this corporation sha
), be dissolved. either by limitation or frol
r any other cause, it's affairs shall be liqu
a dated by three commissioners 70 be appain
e ed at the meeting of stockholders convene
: for the purpose of liquidation, and TO B
elected by the vote Of all the stockholder
s voting upon a parity. Said hquidators sha
/ remain in office until the affairs Of the CO.
e poration shall have been fully settled an
Il liqudated. and they shall have full powt
s and authority to transfer and give title
II all the property and assets Of the corporatio
e and to distribute the proceeds. In case
+ death. disability resignation of one
10 more liquidators. the vacancy shall be file
e by the survivor or survivors.
e. ARTICLE VIII-No stakeholder shall ev
ID be held liable or responsible for the CO.
te tracts or faults of said corporation in ar
al further sum than the unpaid balance d.
" on the shares of stock owned by him. n
i shall any mere informality in organizatiC
y have the effect Of rendering this charter MI