The herald., 1922-09-21

corporations are authorized to do undn
, the laws of the State of Louisiana
ARTICLE 1.-The domicile of this cor
poratiOn shall be in the City Of New ar
leans Parish of Orleans, State of Louis
lana, and all citations or other legal nro
cess shall be served upon the president a
the company, or, in his absence, upon tn
secretary of the company.
ARTICLE III-The objects and mr.
poses for which this corporation is or
ganized and the nature of the businrs
10 be carried on by it are hereby de
cIared 10 be: 10 purchase or Otherwis,
acquire, and TO sell or otherwise alienat,
or dispose of, and to mortgage pIcdre
hypothecate, export and deal in cottor
and other agricultural products, spo
and future; to do general cotton mer
chandising and export business; TO a,
a general commission. factoragr. NOR
camille, warehouse and manufacturer
business in connection with cotton ~,
any other staple product; to purchase
| sell and deal in stock, bonds cOnmercia,
paper, obligations and securities of otb@,
| individuals trims, or corporations. "a
carry on Il general investment and undor,
| writing business; to purchase, use chi
tivate, hold, improve, sell. mortraga
| pledge or otherwise deal in and diSn1st
| of real or personal property; to own
| lease or rent warehouse or warehouses
and to do general warehouse, export
ing importing business, to exchange itS
1 Tl IT
| thereof, for property, stocks, bonds or
| other obligations of other companisS
| firms or individuals; and generally "a
do all acts and things necessary, con
Inent OF any of said purposes or germane
thereto, and generally to do any and
everything not prohibited by law.
ARTICLE IV-The presently autbor-
lied capital stock OF this CORPORATION IL
hereby fixed at the sum Of One Hundred
and Fifty Thousand ($1JO00O.OOJ Dollars,
divided into and represented by Fiftaan
Hundred 1500) shares of the par value
of One Hundred (S1OO.OO) Dollars nor
share. The amount of said stock may no
increased to one million Isl, 900, OOO. OOl dol
lars. uoi-
ARTICLE v-No transfer of stock
shall be binding upon the Corporation
unless ana until made and Recorded unon
its books. No stakeholder shall bava a
right TO transfer or convey any az th.ir
stock In the corporation unless and until
they shall have first made a written Of
ler 10 me other then stockholders of the
corporation, TO sell such stock TO them
at the book value thereof. Book VaIne"
as used herein is hereby defined TO mean
the value at which the assets and IiabiI
ltles OF the corporation have been in good
falth entered upon its book Such writ
ten offer shall be addressed to the other
then stockholders and to the corpora
ton itself, collectively, and shall be de-
llvered to the office of the corporation
not less than ten 1O) days prior 10 Tho
application for transfer of the stoct
The corporation shall transmit this offer
TO the respective then stockholders and
,ne stock OF the stockholders desiring
TO sell shall be distributed pro rate
among such of the other stockholders as
desire to purchase in the proportion
in which holdings of the stockholders
desirous of purchasing bear to each
other' The corporation, shall have the
IN
long as the shareholder demanding the
transfer is in any way indebted to the
corporation, and the corporation shall
nave lien, pledge and privilege on each
snare OF STOCK TO secure any indebtedness
que by the shareholder to the CORPORA
ZION. Should any of the stock offered for
sale be not desired by the other stock
n nc within ten days from the receipt
az ne coIporatlons office of the written
oner to sell, then, and then only, shall The
stocknolder desiring to sell be entitled 10
transfer such undesired portion of the
such price as such holder may see fit. No
s;o 10 such person or persons, and at
tlce OF the provisions of this article shall
appear upon each certificate of stock is |
sued Dy the corporation and shall be bind |
ing upon every person now, or hereafter |
I t;on a stakeholder in this corpora
hereof and take such stock subject there |
TO- and all pledges, hypothecations ar
Dther encumbrances of said stock. or deal
nss with regard thereto, shall be subject |
20 the provisions hereof.
ARTlCLE VI-An the powers of this cor-
poration shall be vested in and exercised
=! BOARD composed of three directors /
Oh the board of directors shall
,ect0rs shall be elected annually AT the
'.ochholders' meeting to be held annually
u the office of the corporation on the
'or IN ussuay IN November of each year
Aox q
iohdaSl after notice given to each stock
ioider by mail at least fifteen M, DAYS
'eiore the date of the meeting. addressed
'o,d iae iaSt known address of the stock
oia special meetings of the stock
loIders may be called by the board ar
ny time and notice thereof shall he given
n the manner provided for annual meet
;css' provided that in all cases all no.
ioes may De waived by unanimous con
eht Eeach stakeholder shall be entitled
y one vote for each share of stock stand
ny In the holders name on the books of
ne corporation, said vote to be cast in
otes cast shall elect. Failure to elect
directors on the day above specified shall
lol uissolve the corporation but the direc
U nt,, 'nen In Office shall remain in office
taIIa Ine1r successors are elected and in
talieu. The board Of directors shall have
over 10 NIL all vacancies which NAV oc-
VI Or III any manner arise or be created
~ the board, even though no quorum re-
IL ~ vhe time such vacancies are to be
nieu. Inc board shall elect from their
' unoer president. The board shall also 4,
,ee. secretary and treasurer and either
9 Saiu onicers may occupy one or more
l the oHlces herein provided and said Of :
eels OF any OF them need not be mem
80, vi tne board. and the board is ex- :
,essly authorized from time TO time 10
r'Pense win any of said officers and.
eonolne and or separate any of them, I
no, or elect any other such OFFICERS as the d
oaru may think proper or Convenient 70 I
ne carrying on Of the company's business j
nu the president shall fix the salaries of
ne oHlcers, agents and employees. At Ii
ny meeting OF the board of directors I
ny director absent from the meeting NAV j
represented by any other director who =
ID! cast the vote of the absent director :
ccoruihg TO written instructions. either I
eheraI or special, Of said absent direc- | +
~; Inc board of directors shall have n
u'nvrty TO make and establish as we'll | a
after and amend, all bylaws. rules
~ reguiations necessary and proper for .
re support and management of the busi-
ess ana affairs of this CORPORATION and e
" inconsistent with this charter: and a
ley snal have power to authorizes the :.
ot.lo"ihg OF money and the issuance of !.
o.es ana the execution of pledges and -
or.gages' and generally to do all things
1cessary or convenient for the proper
Trying on Of the business of the corpoa- v
InuI the general meeting of the stock Il
'iuers Tor election of directors TO be held n
,.t sne hrst tuesday in November. 1923 or b
i.u thelr duly qualified successors are h
ccleu ana Installed the hoard of d;rao | 81