The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21
CHARTER.

of,er named and undersigned, personally
came and appeared the parties whose
names are hereunto subscribed, who sew
| erally declared that, availing themselves
Of the provisions of the laws OF louisiana
! relative to the organization OF corpora
lions. they have contracted and agreed,
and do by these presents contract ana
agree and bind and obligate themselves
as well as all such persons as may become
| associated with them, to form themselves
into and constitute a corporation and body
nolitic in law for the objects and purposes
! and under the conditions ana supula-
lions of the articles following, to-wit:
ARTICLE 1.-The name and style of
said CORPORATION shall De LOWRE1 COT
TON co. INC, and under its said cor
| norate name IL shall have power and au-
thority and enjoy succession Tor the iuIl
term and period of ninety nine years from
and after the date hereof; to contract,
size and be sued to accept and receive, as
well as give and grant, mortgages, pied,
! ges or other hypothecations; 10 make and
use a corporate seal and the same to break
and alter at pleasure TO purchase receive
lease hold or otherwise acquire and con
vey. as well as mortgage and hypothe-
cate under it's corporate name, property
both real and personal and mixed; 10
name and appoint such managers ana dl-
| rectors officers and agents. as the inter
est and convenience of said corporation
may require; to make and establish, as
well as alter and amend at pleasure such
| bylaws, rules and regulations IOr the
proper management of the affairs OF said
| corporation as may be necessary and
proper.
ARTICLE 1.-THE dOmicile 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 III.-The objects and pur-
poses of this corporation and the nature
| of the business to be carried on by ii are
and hereby are declared to be: in the State
of Louisiana and elsewhere in the United
States and in foreign countries TO 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; to
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, or
city or town property, and generally to
do all acts and enter into all contracts or
obligations that may be necessary, conve-
nient, or appropriate for the accomplish
ment of said purposes any of them or
germane thereto; and to do all and every
thing incidental to the general purposes
lhereinabove stated and declared.
| ARTICLE IV.-The capital stock Of said
corporation is hereby fixed at One Hundred
Thousand (S1O0.00OO0) Dollars, divided in
to or represented by One Thousand QOOO)
shares of the par value of One Hundred
($1OO.O0) 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 the
costs. fees, charges, expenses and com
missions incurred or for services rendered
in the formation and organization of this
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 of
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 this
corporation shall be vested in and exer-
cised by Board of Three Directors, each
OF whom shall hold in his own name on
the books of the Company at least one
Iunpledged share of stock. The Board
shall elect from their number a President.
a Nice-President and a Manager and they
may also elect but not necessarily from
their number such other Officers as they
may think proper or convenient for the
carrying on of the Company's business
and shall have power to unite two or more
offlces and the same to confer upon one
person, or to dispense with any office in
| thelr discretion, and to fix the salaries
| or all officers, agents and EMPLOYEES The
Board OF Directors shall be elected annu-
"a " IN
year, the first election to be held in the
| year 1922. All such elections shall be by
ballot, at the office of the corporation.
Notice OF annual meetings, as well as of
special meetings OF the stockholders. shall
least fifteen days in advance of the date
OF such meeting to each stakeholder ap-
pearlng as such on the books of the
company, at his last designated address,
FOR at the General Delivery at New Orleans
II he has not designated an address Each
shareholder shall be entitled to one vote
for each share of stock standing in his
name on the books of the Company, said
vote to be cast in person or by proxy
and majority Of the votes cast shall
elect. The Board of Directors shall have
power to fill all vacancies which NAV
occur or In any manner arise or be created
| 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 above
specHieu snaH not dissolve the CORPORA
ton, but the directors then in office shall
remain in office until their successors are
| elected. The Board of Directors shall
nave power to make and establish, as we'll
as alter and amend, all bylaws. rules
and regulations necessary and proper for
the support and management of the af-
1alrs and business of the corporation and
not inconsistent with its charter. The
Board shall have power. without referring
to the stockholders, to borrow money.
execute mortgages, issue notes, pledges.
ponds or other obligations, in such a
mounts and on such terms as in their
judgment may be advantageous. and gen
orally to do all things roosonahI,- 49,.