The herald., 1921-12-29
CHARTER OF THE IMPERIAL COTTON
COMPANY OF LOUISIANA, INC.

! State of Louisiana. Parish of Orleans
! City of New Orleans, BE il known, thai
| on this 18th day of the month Of Decem
| Der in the year of our Lord one thousand
| nine hundred and twcnty-One. Before me
| John &. 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, availing 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 a corporation and
body polite in law for the purposes and
objects and under the stipulatiOns and
articles following to-wit:
ARTICLE The name and 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-
lish such bylaws. rules and regulations
for the proper management of the affairs
or 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 personal
property as may be necessary for the
proper maintenance and carrying on of
said business.
ARTICLE III-All of the corporate
powers of this corporation shall be cxer-
cised by a Board of Directors, composed
OF three stockholders, two OF whom shall
constitute quorum. The Board of Di-
rectors shall. elect from amongst their
number President, Vice President and
Secretary-Treasurer; all citation shall be
served upon the Vice-President or IN his
absence. the Secretary Treasurer of the
corporation: the Directors shall serve
until their successors are duly elected and
Qualified as hereinafter provided for. On
the first Thursday in November of each
year, the election for Directors of the
corporation by the stockholders shall be
held at the Office of the Company, ten
days legal notice of which snail be given
by written notice mailed to each stock
holder; shall election shall be by ballot
ana each share of stock shall be entitled
TO one vote in person or by proxy, stock
holders voting shall have held their stock.
NOT less than ninety legal days prior to
SAID election; plurality of votes shall de-
eide said election, which shall be held
under the supervision of a stakeholder
appointed by the vice-president or in
MS absence the Secretary Treasurer Fail
ure from any cause to elect Directors as
ABOVE described shall not dissolve the cor
poration but the Directors and officers
shall hold over until another election is
held, or which due notice shall be given as
provided for in the case of the annual
election.
ARTICLE Iy-The first Board of III
rectors of this corporation shall consis,
OF honosuke YokoO, of Osaka, japan, |
Isutomu lamada and Akira Wada, both
OF New Orleans, Louisiana, with the said
n n onosuke fokOO. as President, the said |
Isutomu Iamada, as yice-President and
the said Akira Wada. as Secretary-Treas- |
nrer. who shall hold office as is provided |
for in Article III of this charter.
AhllCLE N-Vacancies Occurring In
lhe Board of Directors, by reason of res
Snatlon, death or otherwise shall he filled
Oy the Board and stand until their suc-
ressors are elected at the next ANNA,
meeting Of the stockholders.
t shall be the duty of the Board NJ
directors to exhibit annually at the close
d the commercial year, a full and com
Dany. Vi inc eoHn-
ARTICLE VI-The capital stock of this
corporation is fixed at the sum of One
hundred Thousand Dollars divided into
me Thousand shares of One Hundred
Doilars each, and each share shall he
,ntltled to one vote either in person or
n proxy, to be paid in full and shall no
worcestershire. No stakeholder shall over
'e held liable or responsible to or tbrorgb
ald corporation for its contracts or
auits in any further sum than the mn.
,ald balance due the company on any
hare owned by him. any
ARTICLE VII-Whenever this cornoro.
lon is dissolved, either by limitation or
ny other cause, its affairs shall be Iioni.
ated under the supervision of two stact.
olders to be appointed for that purnose
the Board of Directors, and thew shall
emaln In office until the affairs Of said
onpany shall have been duly settled and
quldated, and in the event of the death
resignation of one of said liouidstors
lie survivor shall continue to act.