The herald., 1921-07-28
CHARTER.

g. named and undersigned personally
cama and APPEARED the parties whose
nan,es are hereunto subscribed, who seE
orally declared that awaiting tnehs' ives
.of the provisions of the laws or Loulsiana
relofive TO the organization OF corpora
80 tbev have contracted and agreed,
and do bv these presents contract ana
agree and bind and Obhgate them selves,
as well as all such persons as may become
associated with them, to form themselves
into and constitute a corporation anu nu'S
noIitic i'm law for the objects and purpose
and under the conditions and Slpula-
lions of the articles following, to-wit:
ARTICLE 1.-The name and stvse Of
aid corporation shall he LOWREG COT
TON co. INC, and under It's saId cor
porate name il shall have power ana au
thoritv and enjoy succession Tor the Iul
term and period OF ninety nine years rom
and after the date hereof; to contract
sua and be sued; to accept ana receive, as
well as give and grant, mortgages, PIED
pps or other hypOthecauOns' 10 MAKE ana
use a corporate seal and the same 10 brtth
and alter at pleasure. to purchase, receive,
Iaose hold or otherwise acquire and con
yey. as well as mortgage and hypoih'-
cate under its corporate name, property
both real and personal and mixed, /"
name and appoint such managers and dl-
rectors. officers and agents: as the lht'r
est and convenience of said corporation
NAV require; to make and establish, as
well as alter and amend at pleasure, such
bv-laws rules and regulations for tho
proper management of the affairs OF said
corporation as may be necessary and
proper.
ARTICLE 1.-THE dOmiciie OF said cor
pOration shall be in New Orleans, Parish
of Orleans State of Louisiana, and all
citations or other legal process shall be
served upon the President of said cOrpOr-
alton. or in case of his absence upon the
Vice President, or in the absence OF both
of these officers, upon the Secretary OF
the corporation.
ARTICLE HI.-The objects and pur-
noses of this corporation and the nature
of the business to be carried on by il are
and hereby are declared to be: in the State
of Louisiana and elsewhere in the United
States and in foreign countries 10 pur-
chase or otherwise acquire, and TO sell
or otherwise ALLEVIATE and dispose Of, and
to mortgage pledge and hypothecate, agri-
cultural products of all kinds, particularly
cotton. and any and all merchandise; "a
do a general commission. factOrage, mer'
camille. warehouse and manufacturing bust
ness in connection with any of the staple
crops of the United States, including the
advancing of money and supplies to plan
tiers, farmers and merchants, and gen
eral mercantile business, and to those ends
to purchase, use, lease. cultivate. sell
mortgage. pledge, or otherwise dispose of
real or personal property, plantations. OF
city or town property, and generally "a
do all acts and enter into all contracts OF
obligations that may be necessary, conve-
nient or appropriate for the accomplish
ment of said purposes or any of them oil
germane thereto; and to do all and every
thing incidental to the general purposes
hereinabove stated and declared.
ARTICLE IV.-The capital stock of said
corporation is hereby fixed at One Hundred
Thousand $500 100000 Dollars, divided in
10 raH hu
shares of the par value of One Hundred
(S10000) Dollars each. The whole Of said
stock, or any part thereof. may be ISSUED
or delivered to any person, firm or cor
poration for the requirement of the rights
privileges, franchises, property, servitudes
or any part thereof, owned and controlled
by such person or corporation, also In
payment. settlement and adjustment of tn,
costs, fees, charges, expenses and com
missions incurred or for services rendered
In the formation and organization of thi.
corporation; also for cash or in install
ments of such amounts as the Board Of
Directors may determine; also for mer
chandise received or for services actually
rendered TO this company. The Board o.
Directors hereinafter created is especially
authorized to dispose of the stock, or any
part thereof, for any and. all of the pur
poses above stated as in its judgment
may seem fair and proper.
ARTICLE V.-All the powers of thi.
corporation shall be vested in and exer
cised by a Board of Three Directors, eacl
of whom shall hold in his own name OF
the books of the Company at least on,
unpledged share of stock. The Board
shall elect from their number a President
Vice President, and Manager and they
may also elect but not necessarily from
their number such other officers as they
may think proper or convenient for thu
carrying on of the Company's business
and shall have power to unite two or more
offices and the same to confer upon on,
person, or to dispense with any office In
their discretion. and to fix the salarie.
of all officers, agents and employees. TIL,
Board of Directors shall be elected annu
ally on the first legal day of May of eacf
year, the first election to be held in tn,
year 1922. All such elections shall be By
ballot, at the office of the corporation
Notice of annual meetings. as well as o.
special meetings of the stockholders shall
be given by written notice mailed a
least fifteen days in advance Of the dat,
or such meeting to each stockholder ap
pearing as such on the books of tn,
Company, at his last designated address
! or at the General Delivery at New Orleans
| N he has not designated an address Eacl
shareholder shall be entitled to one vot
for each share of stock standing in hi
name on the books of the Company sal,
vote to be cast in person or by proxy
and majority of the votes cast shall
| elect. The Board of Directors shall hav
power TO fill all vacancies which ma,
occur or In any manner arise or be create,
by the, Board of Directors. even though
no quorum remain at the time such va
cancy or vacancies are to be filled Fail
ure to elect directors on the day abov
specified shall not dissolve the corpora
ton, but the directors then in office shall
remain in office until their successors ar
elected. The Board of Directors shall
nave power to make and establish. as wei
as alter and amend, all bylaws. rule
and regulations necessary and proper 70
me support and management of the al
fairs and business of the corporation an
not inconsistent with its charter. TIL
Board shall have power, without referring
to the stockholders, to borrow money
execute mortgages. issue notes, pledges
bonds or other obligations, in such a
mounts and on such terms as in thei
Judgment may be advantageous. and gen
orally to do all things reasonably neces