The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER.

Co. named and undersigned, persona. .
cama and appeared the parties who's.
nanas are herruntO subscribed, WI" -"F
orally declared that, avalllhS 'n'H
NJ the provisions of the laws OF L"H'-.tu'
relative TO the organization OF '"rI'.f
lions. they have contracted ana a-I'."'
orJ do nv these presents contract .rU
agree and bind and Obligat' then-'i."-
.C vol as All such persons as may become
associated with them. to form th'n', 49,
into and constitute corporation an" ''.
nolitic In law for the objects ana puTlo-
and under the conditions and Str|
tions of the articles following, town
,pTICI.E 1.-The name and styl. d,
soid cornoration shall be LOWREi COZ
TON co. INC, and under its said cog
norate name il shall have power ana aI
thority and enjoy succession Tor the iH.
term and period of ninety-nlhe years 40"
and after the date hereof TO contra.
sn,r and be sued to accept and receive.
well as give and grant. mortgage ll.4
ges ar other hypOtheCatious; TO make aU'
use a corporate seal and the same 10 '''
and alter at pleasure; TO purchase, r,.r
lease hold or otherwise acqulr" and ..a
yey. as well as mortgage and hHr't'
cate under its corporate name, prop.r'
both real and personal and mixed r
name and appoint such managers and e..
rpctOrs. officers and agents, as IN" i'."t
est and convenience of said corporate.
NAV require; to make and establish. .'
well as alter and amend at pleasure. 500.
bylaws rules and regulations for f.
proper management of the affairs OF -ai
corporation as may be necessary an'
proper.
ARTICLE 1.-THE domicile or said ..r
poration shall be in New Orleans, Paris
of Orleans State of Louisiana. and On.
citations or other legal process shall o.
served upon the President of said c"rpor
alton. or in case of his absence upon ta'
Vice President, or in the absence OF upt'
of these Officers, upon the Secretary O.
the corporation.
ARTICLE IU-The objects and pTr
poses of this corporation and the MATURE
of the business 10 be carried on by il az
and hereby are declared to be: in the stat
of Louisiana and elsewhere in the Unite,
States and in foreign countries TO pur
chase or otherwise acquire, and to SCI
or otherwise ALLEVIATE and dispose OF, an,
to mortgage. pledge and hypOthecate. acri
cultural products Of all kinds, particular,
cotton. and any and all merchandise. Z,
do a general commission, factOragc. mer
camille. warehouse and manufacturing bust
ness in connection with any of the Stapl
crops of the United States. including III
advancing of money and supplies to plan
terS farmers and merchants, and gen
| eral mercantile business, and TO those ends
| to purchase, use, lease, cultivate. sell
mortgage. pledge, or otherwise dispose OF
| city or town property, and generally 4
do all acts and enter into all contracts o
| obligations that may be necessary. Conye
nient, or appropriate for the accomplish
| ment of said purposes or any of them o
germane thereto; and to do all and every
thing incidental TO the general purpose
hereinabove stated and declared
| ARTICLE Iy-The capital stock Of sal,
corporation is hereby fixed at One Hundre,
| Thousand (s10O,000O0l Dollars, divided in
| to or represented by One Thousand GGOO
shares of the par value of One Hundre
| (S100.O0) Dollars each. The whole Of SAT-
| stock, or any part thereof, may be issue
or delivered to any person. firm or cor
poration for the requirement of the rights
privileges, franchises, property, servitude,
or any part thereof, owned and cOntrOlle
by such person or corporation, also j
! payment, settlement and adjustment of tn
costs, fees, charges, expenses and com
missions incurred or for services rendere
in the formation and organization of thi
| corporation: also for cash or in install
ments of such amounts as the Board O
| Directors may determine; also for mel
| chandise received or for services actual
rendered TO this company. The Board u
| Directors hereinafter created is especial
authorized to dispose of the stock, or an
part thereof, for any and all of the pur
poses above stated as in its judgmen
may seem fair and proper.
| ARTICLE V.-All the powers of thi
corporation shall be vested in and exer
cised by Board of Three Directors, eac
of whom shall hold in his own name o
! the books of the Company at least on
unpledged share of stock The Boar
shall elect from their number a President
a Vice President, and Manager and the
may also elect but not necessarily froI
their number such other officers as the
may think proper or convenient for tn
carrying on Of the Company's bushes.
and shall have power to unite two or NOR
offices and the same to confer upon on
person, or to dispense with any office /
their discretion, and TO fix the salarie
of all officers, agents and EMPLOYEES Tn
Board OF Directors shall be elected annu
ally on the first legal day of MAY of eac
year. the first election TO be held in III
year 1922. All such elections shall be b
ballot, at the office OF the corporation
Notice or annual meetings, as well as q
special meetings of the stockholders sha
be given by written notice mailed 4
least fifteen days in advance of the dat
OF such meeting to each stakeholder ar
pearfng as such on the books Of III
company, at his last designated address
or at the General Delivery at New Orlean
II be has not designated an address Fac
| shareholder shall be entitled to one yot
for each share of stock standing in hi
name on the books Of the Company, sal
vote TO be cast in person or by prox!
and majority of the votes cast sha
elect. The Board Of Directors shall hay
power to fill all vacancies which ma
occur or In any manner arise or be create
oy the Board Of Directors. even thong
no quorum remain at the time, such va
cancy or vacancies are to be filled Fai
ure to elect directors on the day aboy
specified shall not dissolve the corpors
tlon, but the directors then In office sha
remain in office until their successors an
eiected. The Board of Directors sha
have power to make and establish, as we
as alter and amend, all bylaws, rule
ana regulations necessary and proper 70
the support and management of the a
Ialrs ana business of the corporation an
not inconsistent with its charter Tn
board shall have power, without referrin
10 the stockholders, to borrow none
execute mortgages, issue notes, pledge
ponds or other obligations, in such {
mounts and on such terms as in the
judgment may be advantageous. and ger
eraIiy to do all things reasonably nee,