The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-14
CHARTER.


term and period of ninety mine years from
and after the date hereof; to contract,
sue and be sued; to accept and receive; as
well as give and grant, mortgages, pled
ges or other hypothecatlons; 10 make anu
use a corporate seal and the same to break
and alter at pleasure; to purchase, receive,
lease, hold or otherwise acquire ana CON
vey as we'll as mortgage and hypothe-
cate under its corporate name, property
both real and personal and mixed; TO
name and appoint such managers and d.
rectors, officers and agents, as the inter
est and convenience of said corporation
NAV require; to make and establish, as
well as alter and amend at pleasure, such
bylaws rules and regulations Tor the
proper management of the affairs or 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 HI.-The objects and pur-
poses 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 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 a 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 or any of them or
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 CS1O0,00OO0) Dollars, divided in
| to or represented by One Thousand (10OO)
shares of the par value of One Hundred
| (S1OO.OO) 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 il especially
authorized to dispose of the stock, or any
part thereof, for any and all Of the pur-
OF L..
may seem fair and proper
ARTICLE v.-AlI the powers of this
lcorporation shall be vested in and exer-
OF whom shall hold in his own name on
the books Of the Company at least one
unpledged share of stock The Board
snail elect from their number a President
Nlce-Pres1dent, 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
ana ana snail nave power to unite two or more
orflces and the same to confer upon one
person, or to dispense with any office in
tneir discretion, and to fix the salaries
Oh all officers, agents and employees. The
b0ard OF Directors shall be elected annu-
ally on the first legal day of NAV of each
year, the first election to be held i'm the
year 1922. All such elections shall be by
oaiiot, az the office Of the corporation.
NOTICE OF annual meetings, as well as of
special meetings Of the stockholders, shall
be given by written notice mailed at
feast fifteen days in advance of the date
OF such meeting to each stakeholder an
pear1ng as such on. the books of the
company, at his last designated address,
OF az the General Delivery at New Orleans
ne mas not designated an address Each
shareholder shall be entitled to one vote
Tor each share Of stock standing in his
name on the books Of the Company, said
vote to be cast in person or by proxy.
ana a majority of the votes cast shali
eject. The Board Of Directors shall have
power to fill all vacancies which NAV
occur or In any manner arise or be created
Dy the Board OF Directors even thou0h
no quorum remain at the time spch vs..
cancy or vacancies are to be filled Fail
ure TO elect directors on the day above
specified shall 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 well
as after and amend, all bylaws, rules
and regulations necessary and proper for
the support and management Of the AZ
Iairs and business Of the corporation and
not Inconsistent with its charter. The
board shall have power, without REFERRING
10 the stockholders, to borrow money.
execute mortgages, issue notes. pledges
bonds or other obligations. in sncb a.
mounts and on such terms as in their
judgment may be advantageous, and gen
orally to DO all things reasonably neces-
sary Tor the proper carrying ON of the
business Of the corporation, and they are
especially authorized to deliver fuli.paid
SHARES OF stocks and bonds or other OBJ
ngations OF the Company in payment of
property acquired by said corporation at
such fair valuation as in their Judgment
may De proper. A majority Of me dieer