The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-02
CHARTER.

x
name 1t shall have power and an,
thOrity and enjoy succession for the fulI
term and period of ninety nine years from
and after the date hereof 10 contract sue
and be sued: TO accept and receive, a.
well as give and grant. mortgages. pledges
or other approximations; to make ana use
corporate seal and the same TO break |
and alter at pleasure: TO purchase re,
ceivr. lease hold or otherwise acquire and |
convey as well as mortgage and hypo-
theCate under its corporate name. property |
both real and personal and mixed TO name
and appoint such managers and directors
officers and agents, as the interest ana
convenience of said corporation may re-
quirp: to make and establish, as Wei as
alter and amend at pleasure. such bylaws.
rules and regulations for the proper man
agrrnpnt of the affairs of said corporation
as may be necessary and proper.
ARTICLE 1.-THE domicie Of said cor
poration shall be in New Orleans Parish
of Orleans State of Louisiana, and all
citations or other legal process SHAH b"
served upon the President of said corpora
ton or in case of his absence, upon III"
vice President. or in the abS"nc" OF hoih
of these officers, upon the secretary OF lh'
corporation.
ARTICLE UI.-The objects and pur
noses of this corporation and the nature OF
the business to b" carried on bE II ar"
and hereby are declared TO be to purrha""
or oth.rWi~,, acquire. and to sell or other
wise ALLEVIATE and dispose Of. and to mort
gage. pledge and hypoth"rat", agricultural
products of all kinds. and any ana All
merchandise. to do a general commission
f9r'nrgge mercantile. warehouse and man
uf3cturiny business in connection with
any of the staple crops Of the nltrd
States including tn" advancing or money
and supplies TO planters. Farmers ana U''F
chants and a general mercantile business.
and to those ends. to purchase. Use. lease,
cultivate. sell. mortgage. pledge. or other
wise dispose 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 he
necessary. convenient, or appropriate" Tor
the accomplishment Of said purposes or
any of them or germanr thereto, ana 70
DO all and everything incidental 10 IN"
general purposes hcreinaboye stated and
declared: and this corporation Il Sp"cialL
authorized to purchase the assets and good
will of the firm of \. :. England TO.
and TO succeed to and carry on in all ltN
branches the business now carried on 10y
that firm.
ARTICLE IV.-The capital stock ~ said
CORPORATION i hereby tNed AT three hun
dr-d thousand tS3OO.OOOO dollars. divided
into or represented by three thousand
i.srO shares of m" par value of one nun
drrd $500 UUI dollars each. Tn" who'll" "f
said stock. ~ any part thereof. may be"
issued or delivered to any person, nrm or
corporation for the requirement 81 inc
rights. privileges. franchises, property
scrvitude~. or any part thereof. owned
and controlled by such persons or corpora.
ton. also in payment. settlement ana
adjustment of the costs. fees. charges. tN-
pon>eS and commissions incurred for s"rv-
. Ices rendered in the formation and or
ganizatiOn of this corporation and in ar-
/ curing and bringing about the purrha>"
/ of the property. rights and franchises
] aforesaid: also for cash or in inStalm"ntS
] of such amounts Is the Board of directors
| may determine: also for merchandise" re
/ ceivrd Of for services actually rendered 10
1 ap..H TOR
/ hereinafter created i specially authorized
/ 10 dispose of the stock. or any part there
! Of for any and all of the purposes above
! stated n in its Judgment may seem ialr
/ and proper Before any stakeholder can
I sell the whole or any part of his stock.
/ same must be offered for ten days To the
! other stockholders. at its book value a.
| shown by the books Of the company. In
| case some of the shareholders are unwill.
ing 10 purchase at this price the remain
I ing shareholder or holders shall have the
/ right to purchase their proportion.
ARTICLE v.-An the powers Of thi,
/ corporation shall be vested in and ever
ciSed by a Board of four directors. each
of whom shall hold in his own nam" on
the books Of the company NJ least one nm
pledged share Of stock. The Board shall
elect from their number a President. 8
Vice President. Secretary ana treas
urrr. and such other officers a. they may
. think proper or convenient for tn" carry
ing on of the cOmpany'> business. and
shall have power TO unite two or more
Offices and the same to confer upon on
person. or tn dispense with any once II
their discretion. and to nix the salaries %
all officers. agents and employees. Th'
Board of Directors shall be elected an
uUally on tn" second Monday or NoVem
her. of each year. the hrst election 10 ID
held in the year 1921. All such election
shall he by ballot. at the office Of tn
corporation Notice Of annual meetings
as well a. special meetings of stockhold
erS shall he given by written notice malice
nj least fifteen DAYS in advance OF IN
date of such meeting to each StockhOld"
appea ring 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 1
his name on the books of the company
said vote 10 be cast in person or by proxy
and a majority of the votes cast shaI
elect The Board of Directors shall haY
power to fill all vacancies which may %
| cur or in any manner arise or be create
bv the Board of Directors. even though u
| quorum remain NJ the time such Nacanc
or vacancies are to he filled Failure {
elect directors on the day above specific
| shall NOT dissolve the corporation. but tn
l directors then in office shall remain
/ office until their successors are elected
1 The Board of Directors shall have pOwe
! TO make and establish. as we'll as alt'
/ and amend. all bylaws. rules and reCu
Il lationS necessary and proper for the SUI
Il port and management of the affairs an
4 huSinpSs of the corporation and not incOT
l SiStent with its charter. The Board Sha
have power. without referring to the Stoch
i holders, to borrow money. execute NOR
l CAGES issue notes. pledges. bonds or otht
obligations. in such amounts and on sue
i terms as in their judgment may he a'
II vantaCeOuS. and generally. to do all thing
L reasonably necessary for the proper carr
Il ing on ef the business of the corporation
4 and they are specially authorized to d.
4 liver II-paid shares Of stock and hon,
II or other obligations of the company
Il payment of property acquired by said 90
II poratiOn at such fair valuation as in the
Judgment may he proper. a majority
II the directors shall constitute quorum Il
the transaction of business. The Boar
Of Directors shall have the power. by
vote of not less than three-fOurthS of q
II directors to sell all or any part of q
II property. movable and immOyable. b
II longing to the corporation. or to recel
Il in exchange therefor money or stocks
II bonds or other obligations OF another J
Il dividual firm or corporation, OF any Cha
II actpr without referring to the Sharehol
Il erS for power to do SO. At any meetii
L of the Board OF Directors. any direct
II absent from the meeting may be repr
4 scented by any other director who mi
Il cast the vote of said absent director a
II cording 10 the general or special WRIT
4 instructions of said absent director. I
/ iii the annual meeting of 1927, the Boa
L of Directors shall consist of: Albert
1 England 1906 ST. Charles Avenue. "
Il Orleans: Thomas =. England. 32b
Charles Avenue New Orleans; George
SIaght Cotton Plant. Z. o, MISSISSIPPI
Hugh F. Bristcr. 2O31 Short Street, NJ
II Orleans.
OF the foregoing. Albert S. England sh