The herald., 1921-12-22
CHARTER OF THE IMPERIAL COTTON
COMPANY OF LOUISIANA, INC.

State of Louisiana, Parish of Orleans.
City of New Orleans, Be it known, that
Oh 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 c. Davey, Jr., a Notary Public, in
and for the Parish of Orleans, State of
Louisiana, duly commissioned and quail
fed, and 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, ayailing 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 bind 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 aud 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
ity 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, well as mortgage
and 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-
Iish such bylaws, rules and regulations
for the proper management of the affairs
of this corporation as may be necessary
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, impOr. and general
mercantile business, in the City OF New
Orleans; to acquire real and persona
property as may be necessary for thu
proper maintenance and carrying on Of
said business.
ARTICLE III-An OF the corporate
, powers of this corporation shall be cxer
cised by a Board Of Directors, composed
of three stockholders, two OF whom shal
!, constitute a quorum. The Board OF ID
rectOrs shall elect from amongst thei
!, number a President, Vice-President ant
Secretary Treasurer; all citation shall b.
served upon the Vice-President or in hi
. absence the Secretary Treasurer Of tn
; corporation; the Directors shall sery
!, until their successors are duly elected an
qualified as hereinafter provided for. o.
the first Thursday in November Of eac
y year, the election for Directors of tn
; corporation by the stockholders shall b
= held at the Office of the Company, te
. days legal notice of which snail be give
by written notice mailed to each stock
holder; shall election shall be by baiio
- and each share of stock shall be entitle
. to one vote in person or by proxy. stock
v holders voting shall have held their stool
. not less than ninety legal days prior
said election; a plurality OF votes shall az
:. eide said election, which shall be bel
under the supervision Of a stockholdt
appointed by the vice-president or
his absence the Secretary Treasurer. Fai
ure from any cause to elect Directors :
above described shall not dissolve the co
= poration but the Directors and ofhcel
shall hold over until another election
held. of which due notice shall be given ;
provided for in the case OF the annh
"a election.
ARTICLE Iv-The first Board OF ID
"a | rectors Of this corporation shall consi
,e OF KonOsuke Yokoo. Of Osaka, Japa
10 Tsutomu Yamada and Akira wada, bo
"A Of New Orleans, Louisiana, with the sa
~ Konosuke Yokoo, as President. the sa
Tsutomu Yamada. as Vice President al
n, the said Akira wada, as Secretary Urea
In urer who shall hold Office as Is provid
ID for in Article III Of this charter.
In ARTICLE V-yacancies occurring
ID ignation. death or otherwise shall be NIL
10 by the Board and stand until their 81
o. cessors are elected at the next anuu
70 meeting Of the stockholders.
I'd IL shall be the duty Of the Board
mr. Directors to exhibit annually at the clio
te OF the commercial year, a full and col
n plete statement Of the affairs Of the col
ar pany.
&c ARTICLE vI-The capital stock OF u
d. corporation is fixed at the sum OF
ny Hundred Thousand Dollars. divided II
", One Thousand shares OF One Hundr
.er Dollars each, and each share shall
It's entitled to one vote either In person
ng in proxy, to be paid In full and shall
he non a sessable. No stakeholder shall q
lat be held liable or responsible to or thror
said corporation for its contracts
In faults in any further sum than the
be paid balance due the company on a
he share owned by him.
* ARTICLE vII-Whenever this corpo
led ton is dissolved. either by Limitation
&c any other cause, fits affairs shall be nq
is dated under the supervision OF two sto
ors holders to be appointed for that purp
es- by the Board of Directors. and they 81
remain in Office until the affairs OF