The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
CHARTER.

CHARTER.
! or otherwise acquire. and to sell or other |
| wise ALLEVIATE and dispose Of and 70 mort !
! gage. pledge and hypothccat", agricultural |
! products Of all kinds. ana any and all /
/ Merchandise: to do Il general commission, |
/ facturagc. mercantile, warehouse ana man |
! ufJcturng business in connection WIN /
! any of the staple crops of IN" United
| States including the advancing Of money /
! and supplies to planters. farmers and Wer- |
| chants. and a general mrrcantil" business.
| and to those ends. to purchase. use. lease.
! cultivate, sell. mortgage, pledge: or other !
! wise diSpOS" of. real or personal property, [
| plantations. or city or town property, ana
! generally to do all acts and enter INTO |
all contracts or obligations That may ht
necessary. convenient, or approprlat" Tor
| the accomplishment Of said purposes or
any of them or germanc thereto, and 10
do all and everything incidental 10 the
| general purposes hercinaboVe stated ana
declared: and this corporation is specially
| authorized 10 purChaS" the assets aud good
! will of the firm of \. :. England y Co.
and to succeed to and carry on in all rs
branches the business now carried on by
that firm.
ARTICLE IV-The capital stock of said
corporation is hereby fixed at tire" hun
dred thousand (S3oO,OUOO) dollars divided
into or represented by three thousand
10000 shares of the par value Of one hun
| Ired (SlOO.UW dollars each. The whole OF
said stock, or any part thereof. may b"
| issued or delivered to any person, hrIn or
| corporation for the requirement OF the
| rights privileges. franchises, property,
. scrvitudcS. or any part thereof. owned
and controlled by such persons or corpora
ton: also in payment, settlement and
, adjustment of the costs, fees, charges. eN-
y pcnseS and commissions incurred for SerV-
ices rendered in the formation ana or
ganizatiOn Of this corporation ana III ac-
= Quiring and bringing about the purchase
: of the property, rights and franchises
/, | aforesaid: also for cash or in inStallm"ntS
u ! of such amounts rs the Board of Directors
: may determine; also for merchandise re
' | Ccivcd of for services actually rendered TO
;. | this company. The Board of Directors
. hereinafter created is specially authorized
). | to dispose Of the stock, or any part there
= | Of for any and all of the purposes above
!, | stated as in its Judgment may seem fair
| and proper. Before any stakeholder can
@ sell the whole or any part of his stock,
II same must he offered for ten days to the
Il other stockholders, at its book value as
n shown by the books of the company. In
5 case some of the shareholders are unwill-
II ing to purchase at this price the remain
| ing shareholder or holders shall have the
- right to purchase their proportion.
;, ARTICLE V.-AH the powers Of this
:. corporation shall be vested in and ever
=. | cised by a Board of four directors each
II | of whom shall hold in his own name on
II the books of the company nj least one un.
o | pied pd share of stock. The Board shall
n elect from their number a President, 4
$ Vice President, n Secretary and n Treas
urer. and such other officers rs they may
d think proper or convenient for the carry
- ing on of the companys business, and
"a shall have power 10 unite two or more
s. Offices and the same to confer upon one
:. person. or to dispense with any office IN
ar their discretion, and to fix the salaries oi
Il all officers. agents and employees. The
p Board of Directors shall be elected an
Is | nually on the second Monday OF NoVem
Dt ber of each year, the first election TO b'
te held in the year 1921. All suCh elections
In shall be by ballot, ut the Office of the
corporation. Notice of annual meetings
as well as special meetings of stockhold
Ne ers. shall be given by written notice mailed
> at least fifteen days in advance of thu
- date of such meeting to each stOckhOldel
III appearing as such on the books Of tn
company. at his last designated address
Each shareholder shall be entitled to on
-. vote for each share of stock standing il
=. his name on the books Of the company
ot said vote to be east in person or by proxy
n and a majority of the votes cast shall
. elect. The Board of Directors shall hav
in power to fill all vacancies which may 90
A. cur in any manner arise or be create
by the Board of Directors, even though II
quorum remain at the time such vacanc
or vacancies are to be filed. Failure
in elect directors on the day Sabove specific
of shall not dissolve the corporation but III
directors then in office shall remain !
| office until their successors are electe,
The Board of Directors shall have pOw'
TO make and establish. as well as alt'
- and amend, all bylaws. rules and regJ
sd lationS necessary and proper for the SUI
port and management of the affairs an
business of the corporation and not incol
,u- sistent with it's charter. The Board sha
yn have power, without referring to the stool
me holders. to borrow money, execute NOR
Oh cages issue notes, pledges bonds or 9th
,ry obligations. in such amounts and on SUE
ed terms as in their judgment may be a.
OF | vantageOuS, and generally. TO do all thlnl
lit | reasonably necessary for the proper carr
ed ing on of the business of the COrpOratiO
les and they are specially authorized to d
tho liver full-paid shares of stock and bon
IN or other obligations of the company
of payment of property acquired by said GO
of pOratiOn ut such fair valuation as In the
md Judgment may be proper. majority
act the directors shall constitute quorum I
m the transaction Of business. The Boa
nav of Directors shall have the power, by
,rm vote Of not less than three-fourths OF
IRA directors. to sell all or any part of I
,cts property, movable and immovable, b
ons longing to the corporation. or to recei
ng in exchange therefor money or stocks
bonds or other obligations OF another
~ dividual. firm or corporation, OF any chs
and acter. without referring to the sharehol
hnu ers for power to do At any meeti
az az of the Board of Directors, any direct
mi absent from the meeting may be repl
.on, | scented by any other director who m
IN | cast the vote of said absent director
os cording to the general or special writ
az | instructions of said absent director. [
~ til the annual meeting of 1921, the Boa
oaT | of Directors shall consist OF: Albert
re- | - - idllN' 49, - N In,.,or1 7H0e
and CLLie,s' ,'n ~. 6rieans. Caorge
'pO- ci,. S.. NJ. ID N Mississin,
- Hugh f. Brister, 2031 Short Street, y
Ors, Oli'hs'
and OF the foregoing, Albert >. Engianu 81
re. be President George NJ. Slaght, Vice-Pre
as dent, and Hugh f. Brister, Secreta
Iws, Treasurer.
IAN ARTICLE vI-This act OF Incorporate
ton may he modified. changed or altered,
this corporation may be dissolved, In
oo- manner provided by law, by vote OF "
- thirds Of the entire outstanding capt
III III stock. present or represented, at gene
~ meeting of the stockholders convened
- such purpose. after previous notice
- been given in the manner above PROVE
en nt to be given Of the annual meeting Of
III III corporation. The capital stock Of the {
poration may be increased or decrea
by proceedings in accordance with
pur- laws of the state Of Louisiana. -,
- ApTIC,I VII IL This cnrnnratinn 81