The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-30
CHARTER.

CHARTER.
Il or otherwise acquire. and to sell or Other
| WIS" alternate and dispose Of and IN NOR,
. gage pI"dg" and hypoth"cat". a-rirultrr9
pf"Huri> OF all kinds and any and al
: .l'I 'H'h"lS". 10 40 a general commission
, lt'i"TH-', mercantile warehouse and man.
, HIa'turluc business in connection win
any OF the staple crops Of the United
STATES. including the advancing of money
. ''" >uPIH,S 10 planters. farmers and mrr-
r chants. ana q general mercantile business
ana I" th">" ends, 10 purchase. use lease
'uI'Ndt". sell, mortgage. pledge or other.
Ni>r dispose of. real or personal prnrrrtv
plantations. or city or town proprrfy and
generally to do all acts and enter into
All contracts or obligations that may l..
necessary. convenient. or approximate for
IA" accomplishment Of said purposes or
an! OF mem or gcrmHno thereto. and 70
30 all ana everything incidental TO the
general purposes hrrcinahovc stated and
declared; and this CORPORATION is ,pa,i.II,
| authorized 10 purchase the assets and Good
! VIII OF the firm of \. ). England 4 ca
ana to succeed to and carry ON i'm an IL
branches the business now carried on bv
that firm.
ARTICLE IV-The capital stock Of said
corporation is hereby fixed at three hun
! dred thousand $500 900 OOD dollars dividaJ
! INTO or represented hv three thousauJ
| ,d"N) shares of the par value of one hun-
| dr"d lSlpOO) dollars each The whole of
/ thereof b.4
| ISSUED or delivered to any person firm or
/ corporation for the requirement of the
| ilShtN, privileges, franchises prOperty
| srrSltudeS' or any part thereof owned
| anu controlled by such persons or CORPORA.
| ton: also in payment settlement and
! adjustment of the costs. fees charges eX-
| pehSeS and commissions incurred for serv
| res rendered in the formation and or
! Eanlzatl0n of this corporation and i'm az
curing and bringing about the purchase
OF the property. rights and franchises
aforesaid; also for cash or in inStallmrnts
Oh Such amounts as the Board of Directors
may determine: also for merchandise re-
'tlNtd or for services actually rendered IN
| inns company. The Board of Directors
hereinafter created Is specially authorized
10 dispose of the stock or any mart tbera
OF, Tor any and all of the purposes above
stated a. in its Judgment NAV seem fair
ana proper. Before any stockhOIder can
sell the whole or any part of his stock
same must be offered for ten DAYS 70 rho
other stockholders, at its book voIno %
SHOWN by the books Of the cOmDany In
case some of the shareholders are nnvriIi
ing ing 10 purchase at this price the remain
ing shareholder or holders shall have tba
right to purchase their proportion.
ARTICLE V.-An the powers of tbis
corporation shall be vested in and over,
cised by Board of four directors. eacb
or whom shall hold in his own name on
me books Of the company at least one un-
P"nseH snare or stock. The Board shall
Il . Z
Nlce-ireSldent, Secretary and n Treas
urer; ana such other officers as they NAV
!hihk proper or convenient for the carry
ing on OF the cOmpany'S business and
shall have power to unite two or NO.
oihceS and the same to confer upon ono
person; or to dispense with any Office I'm
thelr discretion. and to fix the salaries of
% = agents ana employees. The
hualIy on the second Monday of NOvem-
vi tach year the first election to be |
h nsai, IN the year 1921. All such elections
shall be by ballot at the office Of rho |
corporation. Notice of annual meetinpS
as Wen as special meetings of stockhoId |
Ars. shall be given by written notice mailed |
~ haSt hfteen days in advance of the
late of such meeting to each stockboIdor
as such on the books of the :
'ompany, at his last designated address =
hach shareholder shall be entitled 10 ono :
,ote Tor each share of stock standing in
us name on the books of the cOmnany
'ald vote TO he cast in person or by proXy |
ma a majority of the votes cast shall |
'lect. The Board of Directors shall have |
,oVer 10 NIL all vacancies which may oc-
'nr or IN any manner arise or be created |
~ the Board of Directors even though no |
Quorum remain at the time such vacancy |
" vacancies are TO be filled Failure 10 |
leu directors on the day above specified |
hall not dissolve the corporation hut tho
directors then in Office shall remain in
Iice until their successors are elected
The Board of Directors shall have mower =
" Hidhe ana establish, we'll
no amend, all bylaws. rules and repu
atoms necessary and proper for the SIM. ,
'oFt ana management of the affairs and
BUSINESS or the corporation and not incon-
iStent win lts charter.i The Board shah
ave power, without referring to the stock |
olderS, TO borrow money, execute mort |
ages. issue notes. pledges bonds or other
bhgations, in such amounts and on such
rinls as III thelr judgment may be ad-
and generally. to do all things 4
eaSonably necessary for the proper carry. j
lg on or the business of the CORPORATION
hd they are specially authorized to de-
yer Lun'pald shares OF stock and bonds
T other obligations Of the company I'm
aNment OF property acquired by said Ger
grafton at such fair valuation as in their
idgment may be proper. majority of
~ oIreclors shalI constitute quorum for
he transaction Of business. The Board
directors shall have the power by a
pte of not less than ree-fourths of All
rectors, to sell all or any part of the
roIert!. movable and immovable. By
hGlhg 10 the corporation. or to receive
exchange therefor money or stocks or lie
lhdS or other obligations OF another in ! r.,
vldual; hrm or corporation. Of any char g
Yer. without referring to the sharehoId- VI
; Tor power to do so. At any meeting
the Board OF Directors. any director g.
sent from the meeting NAV be renra | dI
hted by any other director who NAV
ST the vote Of said absent director ac- DC
rding TO the general or special written 4,
structions Of said absent director. TN H.
the annual meeting Of 1921. the BOARD &C
Directors shall consist of: Albert $ :.
lgland. 1905 st. Charles Avenue. New OF
leans; Thomas =. England 3oOG 81 a
aries Avenue New Orleans: George NJ
tght, Cotton Plant. 7. o. Mississippi.
Ugh f. Brister, 2031 Short Street, New an
leans. az
" the foregoing. Albert S. England shall 10
President. George VI. Slaght, VIce-Presi. on
NJ, and Hugh E. Brister. Secretary. :,
easurer. cls
ARTICLE V1-This act OF incorporation It.
y be modified, changed or altered. or
: corporation may be dissolved I'm the
nner provided by law, by a vote of two | on
rds or the entire outstanding capitaI
OK, present or represented, at a general Dr
etlng or the stockholders convened for -,
n purpose after previous notice has
n given in the manner above provided Its
De given OF the annual meeting OF the A.
poration. The capital stock OF the cor ln'
alton may be increased or decreased
proceedings In accordance with the
Is OF the State of Louisiana clr
-RTlCLE Wifi this corporation shall A.
dissolved. either by Limitation or for ~
other cause, Its affairs shall he liant. 4