The herald., 1921-12-15
CHARTER OF THE IMPERIAL COTTON
COMPANY OF LOUISIANA. INC.

State of Louisiana, Parish of Orleans.
city OF New Orleans, BE il known, that
on this 9TH day of the month of Deem
Der in the year of our Lord one thousand
nine hundred and twenty one, Before me,
John G. Dayey, Jr., Notary Public, in
and for the Parish of Orleans, State of
Louisiana, duly commissioned and quail
ned, aud in the presence of the witnesses
hereinafter named and undersigned, per.
sonally came and appeared the several
persons whose names are hereunto sub
scribed, who declared that. availing them
selves Of the provisions of the laws of
this State relative to the formation and
organization of corporations, they have
contracted and agreed, and by these pres
ents covenant and agree and bipd them
selves, as well as such persons as may
hereafter become associated with them to
form and constitute corporation and
body polite in law for the purposes and
objects and under the stipulations and
articles following tO-wit:
ARTICLE 1.-The name and title of said
corporation shall be Imperial Cotton Com
pany of Louisiana, Inc. and its domicile
shall be in the City of New Orleans Par
ish of Orleans, State of Louisiana. Said
corporation shall exist and have and
enjoy succession under its aforesaid cor
porate name for the term and period of
ninety-nine years, commencing on and to
be computed from and after the date
hereof and shall have power and author
tty to contract, sue and be sued under its
corporate name to make and use a cor
porate seal. and the same to break and
alter at pleasure; to hold, receive pur-
chase and convey, as we'll as mortgage
ana hypothecate, under its corporate
name, property both real and personal: to
name and appoint such managers, direc-
tors and officers and to make and estab-
fish such bylaws, rules and regulations
Tor the proper management of the affairs
CORPORATION ha nv
and proper the same to alter, change and
amend at pleasure
ARTICLE 1.-THE objects and PURPOSES
for which said corporation is formed are
hereby declared to be as follows: to en-.
gage In the export, Smport and general
mercantile business, in the City of New
orleans; to acquire real and personal
property as may be necessary for the
proper maintenance and carrying on of
said business.
ARTICLE III-An of the corporate
powers Of this corporation shall be cxer-
clsed by Board of Directors, composed
or three stockholders, two OF whom shall
constitute a quorum The Board of Di-
rectors shall elect from amongst their
number President, Vice-President and
secretary Treasurer; all citation shall be
served upon the Vice President or IN his
absence. the ry-Treasurer Of the
corporation; the Directors shall serve
until their successors are duly elected and
quaiifled as hereinafter provided for On
the first Thursday in November of each
year, the election for Directors of the
corporation by the stockholders shall be
held ut the Office of the Company, ten
days legal notice of which snail be given
by written notice mailed to each stock
holder; shall election shall he by ballot.
and each share of stock shall be entitled
TO one vote in person or by proxy. stock
holders voting shall have held their STOCK
said election; plurality Of votes shall de-
eide said election. which shall be held
under the supervision of stockbolder
appointed by the president or In
his absence the Secretary Treasurer Fail. |
ure from any cause to elect Directors as
above described shall not dissolve the cor
poration but the Directors and officers
shall hold over until another election is
held, of which due notice shall be given "a
provided for in the case Of the annual
election.
ARTICLE Iv-The first Board of Di
of Konosuke Yokoo. of Osaka. Janan.
Tsutomu Yamada and Akira wada. both
or New Orleans, Louisiana, with the said
konosuke Yokoo, as President the said
rsutomu Yamada, as Vice President and
tne SAID Akira Wada, as Secretary Treas |
urer. VINO shall hold Office as Is provided
for in Article III of this charter.
ARTICLE V-Vacancies occurring I'm
the Board of Directors. by reason Of res.
lgnation, death or otherwise shall be Allied
oy the Board and stand until their suc-
cessors are elected at the next annual |
meeting Of the stockholders.
it snail be the duty of the Board of |
DIRECTORS to exhibit annually at the close
OF the commercial year, full and com
plete statement Of the affairs of the com |
pany. -o o
ARTICLE vI-The capital stock Of This
corporation is fixed at the sum of One
= undred Thousand Dollars, divided into
One Thousand shares Of One Hundred
DOLLARS each, and each share shall he |
entitled to one vote either in person or
IN proxy, to be paid in full and shall he
non-assessable. No stakeholder shall ever
De held liable or responsible to or thror Oh /
said corporation for its contracts ar
faults In any further sum than the nm
paid balance due the company ON any \
share owned by him.
!, ARTICLE VII-Whenever this corpora- |
lion Is dissolved, either by limitation or /
my other cause, fits affairs shall be Iioui-
lated under the supervision Of two stock- |
folders to be appointed for that purpose
,y the Board Of Directors, and thew shan
'pmaiu IN of0na s.okar