The herald., 1919-08-28
CHARTER COTTON MERCHANTS
REALTY COMPANY INC.

United States of America State OF
/ Louisiana. Parish OF Orleans City of New
! Orleans. BE it known. that on this tho
! Twenty First day of the month of August
in the year of our Lord. One Thousand
nine hundred and nineteen, and OF tn,
! Independence of thd United Estates b
America, the one hundred and forty,
! fourth. before me. ASahel Walker Cooper
! a Notary Public duly commissioned, sworn
and qualified in and for the City and
! Parish and State aforesaid. therein reSid,
ing. and i'll the presence of the witnesses
| hereinafter named and undersigned, per.
>Onally came and appeared the Severa
| persons whose names are hereunto sub
| Scrlbed, who SeYerally declared that
/ availing themselves of the laws of tn,
/ State of Louisiana. in such cases made and
/ provided and particularly Act No. 26I OF
the General Assembly of the State OF
/ Louisiana for the year 1914, relative tC
/ the organization of corporations. they
| have cOVenantcd and agreed and do here
| b! covenant and agree to form them
/ selves. as well as such persons as may
hereafter become associated with them
or succeed them, into a corporation for
tn" objects and purposes and under the
following articles, tOwit:
ARTICLE 1.-The name of this corpora
ton shall be ACKNOWLEDGEMENTS Realty
Company. Inc" and as such. shall have
] y
sooner dissolved and shall have power to
contract, sue and to be sued; to make
and use corporate seal, the same to
alter or break at pleasure: to elect and
appoint such officers, directors and agents
as the interests of the corporation may
require; to make all necessary bylaws,
rules and regulations for the manage
ment of its affairs and the same to alter
and amend ut pleasure, and generally TO
exercise all powers that are now conferred
or may hereafter be conferred on corpora
tons of the same kind and character.
ARTICLE 1.-THE dOmicile of this Cor
pOratiOn shall be in the City of New Or
leans. Parish of Orleans. State of Lonsi-
ana, and all citations or other legal pro-
cess shall be served upon the president
of said corporation. and in the case of his
absence upon the Vice President and in
case of the absence of both upon the Sec
rotary.
ARTICLE III.-The objects and pur-
poses for which this corporation is Or
ganized and the nature of the business to
he carried on by il are hereby declared
to be: TO acquire by purchase, lease,
exchange or otherwise. property, real and
personal. and to sell, lease, mortgage,
pledge and hypOthecate the same; to
construct, erect equip, repair and improve
buildings, houses. public and private
roads; to enter into and perform con
tracts for erecting, altering. decorating.
fitting up and improving buildings of
every sort and kind; to purchase. sell.
lease and deal in agricultural land and to
plant. cultivate and produce crops there
on, and, to buy, store, SELL or otherwise
deal and traffic in the same; to improve
lands for general or special purposes to
operate plantations. factories and refine
rieS and to sell, exchange and lease the
same; to purchase sell. construct. lease
and operate saw mills. grain elevators,
canning factories. warehouses and to OPP
crate switch tracks, railroads, barge and
boat lines. incOnnectiOn Herewith: to
draw. make and endorse bills of exchange
and promissory notes: to own stock in
other corporations and to vote the same
and generally to do any and all things
incidental or germane to any of the
objects and purposes above set forth.
ARTICLE IV.-The capital stock of
this corporation is hereby fixed at the
sum of one hundred and twenty thOus
and (SI20.OO0OM Dollars to be divided
into twelve hundred G20Ob shares of the
par value of one hundred (S100.00) Dol
lars each which shall be payable in cash.
or may he issued at not less than par in
payment of services actually rendered or
property actually received by the corpora
ton.
This corporation shall become a going
as soon as fifty per cent of the
amount of its capital stock has been sub
scrbed for and fifty per cent of said
amount subscribed for shall have been
maid in cash. The amount to which the
capital stock of this corporation may he
increased is hereby fixed at the sum of
one million (s1.OOO.OOOOO) Dollars.
No transfer of stock shall be binding
upon the corporation unless made and
recorded upon its books.
ARTICLE v.-An the powers of this
corporation shall he vested in and eX-
erciSed by n Board of Directors com
posed of not less than three, nor more
than seven shareholders and majority
shall constitute a quorum for the tran
saction of all business. 4 majority of
the Board of Directors voting at any time
in person. shall he required TO pass any
resolution or adopt any bylaw, which.
when so passed or adopted. shall become
valid corporate acts. The Board of
Directors shall he elected annually at a
meeting of the stockholders. to
he held on the first Monday in October,
1920 and on the same day and month
in each succeeding year, after fifteen
DAYS written notice mailed to each
at his last known address.
anpearinC upon the books Of the corpora
ton. unless such notice he waived in
writing by all the shareholders aDnear-
ing as such upon the books. 4 failure.
however from any cause. to hold the an
nual meeting of stockholders. or failure
to elect directors thereat. shall not oper-
ate the forfeiture of this charter. nor i'm
nair the corporate management but the
directors then in office shall serve until
their successors shall have been duly
elected and qualified and installed. Anv
vacancy in the Board Of Directors shall
he filled for the unexpired term by the
remaining directors.
Tho Officers of the corporation shall
consist of president. one or more vice
presidents. and a secretary and treasur-
or The office of treasurer may be COM
bined with that of president. or vice
president. and the offices of secretary
and treasurer may be held by one and
the same person under the name of
secretary treasurer.