The herald., 1920-12-23
CHARTER.

CHARTER.
or oth'rwi~, acquire. ana 10 sell ar orI,.-
/ WIS" all'na'" and dispose. Of and 10 morn
. gag. Ul"d-." and lyrut L.t.gt. a.,ri..rI,rr..
products OF an kinds. and any and aI
merchandise. 20 do q general commits ion
ia'i"THG", mercantile. warehouse and man
nia"'urins business in connection win
any of ih" staple crops of the Irit.f
( states. ln.ludiug The advancing of money
"Nd supplies To planters farmers and NOR
chants. ana general mercantile business
ana 7" 'L.-" ends. To purchase. use Ir..-.
/ 'uflNai". sell. mortgage. plrdg.. or other.
/ WIS" dispose of. real or personal prou,rr,.
/ plantations. or city or town property and
/ generally =" do all acts and enter INFO
/ All contracts or obligations that may L,.
/ necessary. convenient. or appropriate for
/ III" accomplishment Of said puruo~cs ar
| any OF them or Germanc thereto: and 10
{ 30 all and everything incidental to the
/ GENERAL purposes herciuahove stated and
/ declared: and this corporation is specially
authorized 10 purchase the assets and good
VIII OF m" firm of A. ). England n Co
ana 70 succeed 10 and carry on in am lis
| branches the business now carried on by
! that firm.
ARTICLE IV.-The capital stock Of said
| corporation j. hereby fixed m three HIM
dred thousand $500 600 OW dollars divided
INTO or represented 10y three thousand
,"'NNl shares of the par value Of one hun
urea 'Nlunttl dollars each. The whole Of
SAID stock. or any Part thereof may hn
issued or delivered to any prrson firm mr.
corporation Tor the requirement of the
rights. privileges. franchises, property
N"rVltudeS or any part thereof owned
and controlled by such persons or corporo.
non: ais" in payment settlement ana
adjustment of tn" costs, fees, charges eN-
p"Ii>cs and commissions incurred for sery-
ices rendered in the formation and or
Eanlzation of this corporation and in yr-
quiriuG and bringing about the purrbgse.
OF the property. rights and franchises
aforesaid: also for cash or in inStaIImouts
OF Such amounts rs the Board Of Directors
may determine: also for mprrhandis. 70
ceivcd of for services actually rendered IN
this company. The Board of Directors
hereinafter created is specially autborized
10 dispose of the stock, or any part there
or. for any and all of the purDoSrS abova
stated rs in its Judgment NAV seem fair
ana proper. Before any StockhoIder can
sci IN" whole or any part of his stock
same must he offered for ten days TO the
other stockholders. at its book yaIua os
shown by the books Of the comnany In
case some of the shareholders are unwiII.
ing 10 purchase at this price the remain ,
ing shareholder or holders shall have the /
rSht TO purchase their proportion
ARTICLE V.-AH the powers of This
corporation shall be vested in and ever
clsed by Eoard of four directors. each
of whom shall hold in his own name ON |
the books of the company ut least one I'M
pledged share of stock. The Board shall
eject from their number a President. a l.
Nlct-freSident. a Secretary and a Treas
urer. and such other officers as they may |
think proper or convenient for the carry |
ing on OF the cOmpany'S business and |
Snall nave power TO unite two or more !
olnSes ana the same to confer upon one
person: or TO dispense with any office i'm Il
-helr discretion. and to fix the salaries of
III ofhcers. agents and EMPLOYEES Tho
hoard OF directors shall he elected an
IuaIiy on the second Monday of Novem-
ger, OF each year. the first election 70 he
held in the year 1921. All such elections
man De by ballot at the office of the
"Tporaloh. Notice of annual meetings Il
Is Wei as special meetings of stOckhold-
rs. snail he given by written notice mailed |
u least fifteen days in advance of the
iate or such meeting to each stakeholder
ppearlng as such on the books of the
ompany. at his last designated address. =
sach shareholder shall be entitled ia ono | :
ote for each share Of stock standing en- 1
rs name on the books of the COMPANY. |
ald vote 10 be cast in person or by proXy |
M majority of the votes cast shah | |
lect. The Board of Directors shall have |
ower 10 fill all vacancies which NAV DC. |
ur or in any manner arise or be created | |
y the Board of Directors even thoupb no |
uorum remain mt the time such VACANCY ! |
r vacancies are to be filed Failure 70 |
lect directors on the day above snecifed | |
nan not dissolve the corporation bur the /
lrectors then in Office shall remain in !
nice until their successors are elected
ne hoard or Directors shall have power =
make and establish as well as alter
M amend. all bylaws rules and rem
itlonS necessary and proper for the sun.
orr ana management of the affairs and
uslhess OF the corporation and not incon-
lStent with its charter. The Board shah
ave powehF without referring to the stock
olderS, 10 borrow money, execute mort
ages. issue notes. pledges. bonds or other
, nmga'Iohs. an such amounts and on such
n fhLFH ~.
and generally TO do All things .
'asonably necessary for the proper carry.
lS on OF the business of the corporation. -
M they are specially authorized to de-
.. yer LuIi' Pali shares OF stock and bonds
other obligations of the company in
iyment OF property acquired by said cor
OratlOn AT such fair valuation as in their
ldgment may be proper. majority OF
" directors ShaII constitute quorum for
ie transaction of business. The Board
Directors shall have the power. by n
'te OF not less than three-fourths of all
rectors, TO sell all or any part of the
roperty. movable and immOvable. By
nging to the corporation or to receive
exchange therefor money or stocks or 4
mas or other obligations Of another in ]
vldual, firm or corporation, Of any char 8
yer. without referring to the sharehold- Y
for power to do so. At any meeting
the Board OF Directors, any director
sent from the meeting may be repre- a
nted by any other director who NAV =
~ the vote or said absent director ac- q
rdlng to the general or special written q,
structions of said absent director. I'm ~
the annual meeting Of 1921. the Board a.
directors shall consist of: Albert s :.
lgland, 3206 st. Charles Avenue. New o
leans; Thomas p. England, 1905 81 a
aries Avenue, New Orleans; George NJ
ight, Cotton Plant. =. O., Mississippi:
ign f. Brister, 2031 Short Street, New a,
leans. a.
" the foregoing. Albert s. England shall 70
President. George VI. Slaght, Vice-Presi oil
Mt, and Hugh E. Brister, Secretary. :,
cl
ARTICLE VI.-This act Of incorporation It
y be modified. changed or altered. or
s corporation may be dissolved in the
nner provided by law, by a vote Of two oil
rds Of the entire outstanding capitaI
OK. present or represented, at a general "
citing of the stockholders convened for -
n purpose. after previous notice has
m given in the manner above provided it,
be given of the annual meeting of the ..
poration. The capital stock of the cor III
'ation may be increased or decrea sed
proceedings in accordance with the q.
Is OF the state of Louisiana. cn
-RT1CLE Wifi this corporation shall Ar
dissolved. either by Limitation or for