The herald., 1918-07-25
CHARTERS

| :neuts and stipulatiOns following tO-wit:
| ARTICLE 1.-The name and title of this
corporation shall be: Eastern Oklahoma Cot
| ton Company, Inc, and, under its corporate
| name, II shall ENJOY succession for the full
| term and period OF ninety nine (99) years
| from and after the date hereof, and shall
| have power and authmority 10 contract, sue
| and be sued; to accept and receive mort
| cages, pledges or other hypothecatiOns; 70
| make and use corporate seal and the same
! 10 break and alter at pleasure; 10 purchase
| receive, lease hold or otherwise acquire and
| convey as well as mortgage and hypOtheCate
| under its corporate name. property both real
| aud PERSONAL and Mixed to borrow money
| md make and issue bonds and other eve
| ds' crs q debt and TO secure the same ~
| mortgage and otherwise; 10 hold stock IN
| other corporations; to acquire, hold and re
| issue shares OF Its capital stock; 10 join or
| consolidate with and enter into agreement,
I and cooperative relations not IN C0ntraVcn-
! ton OF law, with any person or persons,
firms, associations or corporations, govern
mental municipal otherwise. in and about
the carrying on and accomplishment OF all
or any OF the purposes OF the Company; 10
carry out all of the objects and purposes
hereinafter set out; 10 name and appoint
such managers and directors officers and
agents. the interest and convenience OF
said corporation may require; and 70 make
and establish, as well as alter and amend
at pleasure. such bylaws. rules and regula-
tons for the management and regulation Of
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.
State OF Louisian and all citations or other
the officers OF the corporation.
ARTICLE III-The objects and purposes
Tor which this corporation : organized and
the nature OF the business To be carried on
by it, hereby declared to be: to buy,
sell and deal in all sorts OF cotton and cot
products. Ia ut ties
for its own account and the account Of others
on commission. and as agent or outright, at
any point or points within the Inited
States or abroad; for export or other dOmeS
tic purposes; to carry business in the
United States. OF elsewhere as factors
agents, commission merchants. merchants,
IN all sorts Of cotton, cotton products, cotton
bagging and ties, and in all sorts Of agri-
cultural products and commodities and sup
plies, or materials connected Herewith; to
acquire and hold, sell, Nencumber 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 II is authorized To acquire. or
to exchange its entire assets and business
or any part thereof. for property. stocks
bonds or other obligations of other compan-
les; and generally, 10 do all such acts or
things as may be necessary, proper or CON
venient for the accomplishment Of any Of
the foregoing objects and purposes.
ARTICLE IV-The capital stock Of this
corporation is hereby fixed at the sum of
Fifty Thousand Dollars CS5O,OOlOW. divided
into Five Hundred $500 shares of the par
value OF One Hundred Dollars (SlOOOO per
share. The amount OF the stock may be in
creased to Five Hundred Thousand Dollars
(SSOOOOOO). The whole or any portion of
said stock shall be paid for in cash or it
may be issued and delivered to any person
firm corporation for the acquisition OF
the rights privileges or property owned or
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 in its judgment may seem
fair and proper
ARTICLE N.-All the powers of this cor
poration shall be vested in and exercised by
Board composed of not Qess than five
(5), nor more than seven o. directors. CThe
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 purpose) 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, Tor the next legal day if that
'be 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 10 one vote
for each share Of stock standing in his name
on the books of the company, said vote TO
be cast in person or-by proxy and the ma.
Iorlty OF the votes cast shall elect. The
Board of Directors shall have the power 10
MI all vacancies which may occur or in any
manner arise or be created on the Board
even though no quorum remain al the time
such vacancies are to be filled Failure to
elect directors the day above specified
shall not dissolve the corporation but the
directors then in office shall remain in Of
fice until their successors are elected and
qualify. The Board shall elect from their
number President, a Nice-President A
General Manager, a Secretary and Treas.
urer; provided that the Board may dispense
with any of said officers. or may combine
any OF them, or may electe such other off
GERS (who need not be members of the Board
or stockholders) as think proper or convent,
ent tor the carrying on of the Company's
business, and they shall fix the salaries of
all ofhcers, 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 NAV
east the vote OF the absent director accord
ing to the written instructions, either gen
eral or special, of said absent director. The
Board of Directors shall have authority to
make and establish as well as alter and
amend, all bylaws, rules and regulations
necessary and proper for the support and
management OF the business and affairs of
the corporation and not inconsistent with this
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 all
things necessary convenient for the proper
carrying on of the business OF the corpora
ton.
Until the general meeting of the stock
holders for election of directors to be held
on the second Monday of July, 1919, or until
their duly qualified successors are elected
and installed, the Board of Directors shall
be composed of Norman Mayer, address $50
Gravier Street, New Orleans, La; Chas. (.
Levy, address $50 Gravier Street New Or
leans, La; Albert S. England, address $50
Gravier Street, New Orleans. La; Simon T.
Orleans, La; NJ; James Levy, address $50
Gravier Street. New Orleans, La; Monroe
Scheuer. address $50 Gravier Street New Or
leans, La; and T. s. Adams. address Mus.
kogee, Okla. OF these Albert s. England
shall be President; Simon J. Shlenker, Vice
President; L. s. Adams, General Manager
and NJ. James Levy. Secretary and Treasurer
ARTICLE VI-This act of INCORPORATION
may be changed, modified or amended or the
corporation dissolved, by vote of two.thirds
~ the entire capital stock present or repre.
scented at general meeting of the stock.
holders convened for such purpose, after pre-.
vious notice shall have been given in the
manner above required to be given of the
annual meeting OF the corporation.
ARTICLE VILE this corporation shall
De dissolved, either by limitation or from
dated by three commissioners to be appaint
ca al the meeting of stockholders convened
Tor the purpose of liquidation. and TO be
elected by the vote of all the stockholders
voting upon parity. Said liquidators shall
remain IN office until the affairs of the cor
poration shall have been fully settled and
llqudated, and they shall have full power
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