The herald., 1922-09-28

q. corporations are authorized to do una.
o the laws of the State Of Louisiana
e ARTICLE 1.-THE domicile Of ,Ii, o..
o pOration shall be in the City Of Neyy n-
II leans Parish Of Orleans, stat, Of M
d lana, and all citations or other I.e.,i ' ,-
y cess shall be served upon the urr,id,,tr - y y
! the company. or, in his absence urou ~
|. | secretary of the company. -"
ARTICLE III-The objects and ,
n poses Tor which this corporation * or
4 ganized and the nature of Tho Lpsir "a
y 10 De carried on by it are hereby dc
= CARED 10 be: To purChaS. or othsrwis,
acquire, and to sell OF othcrwi,. IIie,,..
or dispose OF, and TO mortgage. pl.d,a
, h!poth'catt, export and deal In coftn,
, anu oth'r agricultural products, spo
, ana future; to do general cottou -
chandiSing and export business. tn a,
general commission, factora,r. M
, camille, warehouse and m3nuftrturipo
business IN connection with cotton ~,
any other staple product: to uurrb,S,'
sell and deal in stock, bonds cor,,,,.,-"i'i
paper, obligations and securities Of 9Th,
individuals trims, or C-orpOrafiouse .,
carry on Il general investment and uGda-,
tlVat", hold, improve sell mort 90.
pledge or otherwise deal in and Dis
OF real or personal property. TO own
tease or rent warehouse or warahous."
ana TO do general warehouse. .Nuor,
| ing importing business: TO eN,hgnt,a 49,
ehtlre assets and business or any No.,
| thereof for property, stocks. bonds ~
other obligations Of other companiss
| Trims or individuals; and GENERALLY "a
do all acts and things necessary con ~
Nehleht or appropriate to the accomp!iSb.
H'nt Oh any OF SAID purposes or germane
theret0' and generally to do any and
everything not prohibited by law
ARTICLE Iv-The presently author
Ecu c"Pitai STOCK Of this corporation is
hereby fixed at the sum of one Unndra5
and Fifty Thousand $3.50 900 OOl naiIa,r
divided into and represented bv Eif,'
hundred $1,000 shares of the mar yaI,n
Oh ohe r., Hundred $4,000 Dollars per
snare. The amount of said stock may De-
Increased TO one million Isl 900 900 O01 dol
lars. '00''O'Vo' dol-
ARTICLE V-No transfer % ,,.,
shall be binding upon the cornoro,ion
unless and until made and recorded r,Io,'
us DOCKS. No stakeholder shall have a
right 10 transfer or convey any ~ ,6f
stock in the corporation unless and r,I',iI
they snail have first made a written 90
Ter 10 the other then stockhoIders az ~
corporation, to sell such stock to them
at the book value thereof. "Rnot yai'Iii !
as used herein is hereby defined "a Luz |
the value at which the assets and IiahiI !
ltles or the corporation have been in 80 |
i ,a entered upon its book. Such writ
Ten offer shall be addressed IN tba o,t
then stockholders and TO the corDore
toh Itself, collectively, and shall no do
lNered to the office of the cornoratin,
nnSo NOT less than ten 10) days prior to the
application for transfer of rho 80
The corporation shall transmit tbis 80
10 the respective then stockholders ard
the STOCK OF the stockholders desirins,
10 sell shall be distributed pro rata
dnn;s such OF the other stockholders as
uesne TO purdhase, in the proportion
IN winch holdings of the stockbolders
ueslrOus OF purchasing bear TO each
ptntt' Inc corporation, shall have the
IoSp 30 10 reuse fe to transfer any stock so
.ons as the shareholder demanding tina
transfer Is in any way Indebted 10 The
.orpofatlon, and the corporation shall
naFe lien, pledge and privilege on each
IT, VI StocA 10 secure any indebtedness
iue u! the shareholder TO the corpora-
ION should any of the stock Offered for ;
ar he not desired by the other stool.
ioit .s within ten days from the recent
~ ,oIPoTauOh Office of the written =
' 'IeI 10 sell, then, and then only. shall The }
IoCAnolder desiring to sell be entitled 70 |
IdhSler such undesired portion of tho :
ucI price as such holder NAV see fir No = .
80 suCh person or persons. and nj
Oe vi the provisions of this article shall
PPSdr upon each certificate of stock g. | {
u,u u! the corporation and shall be hind |
s upoH every person now, or hereafter c
ion mn d stockholder in this CORPORA a
ereot and take such stock subject tbaraS S
~ -, ana all pledges, hypothecations ar q
thtr encumOranceS of said stock or deaI b
~ tb Win regard thereto, shall be subject
l..
hIlCLE Wan the powers of this cor fl
oIdtIoh snail be vested in and eyerciSa5 v
Naiorittu composed of three directors.
'?yoLt! Oh the board of directors shall p
DnStItute quorum. The board of a. l.
lots snail be elected annually at III. ii
no'ueIs meeting to be held anDuaIIy 5,
rst n OniCe Oh the corporation on the 81
-, iutsuay IN November of each wear OIL
'r on the next legal day, if thar bs
oiiIutS after notice given to each stocL u
oiuer by mail at least fifteen M, SsHs y,
tha the GATE OF the meeting, addressed
ine iast known address of the stock
oiGer. Special meetings of the stoct &C
'IueFs may be called by the hoard AZ u
y .iHle ana notice thereof shall be given o.
ps. nro riiher provided for annual meet az
.es may be waived by unanimons con
NJ, Eeach stakeholder shall be entitled TO
., i .pte ior each share of stock stand ar
. n GO tne nolders name on the books of TO
ssoh or by proxy. and a majority Of Tho de
tes cast shall elect. Failure 70 eIact Sc
tec1ors on the day above specified shall "a
rs ~, the corporation but the direc- th
',iI mn tI III ONCE shall Remain in Office fy
III Their successors are elected and in ca
iiIeu. Inc board of directors shall have
Ner 10 NIL all vacancies which NAV oc- no
~, III any manner arise or be created 70
the BOARD, even though no quorum re- bo
AN at the time such Vacancies 80 ~ &c ~ ~
Ieu' Inc board shall elect from their -0
lnoer a president. The board shall also
ct secretary and treasurer and aitbar fu
SaIu onlcers may occupy one or more ia'
tne oHlces herein provided and said Of du
gu OF any OF them need not be mem an
rs or the board, and the hoard ia aX an
re,s authorized from time to time TO ITO
'Pense with any of said officers and
:, 1olIolhe and or separate any of them thi
!, vi eIect any other such officers as the da
alu may think proper or convenient to by
!, carrying on of the company's business Law
the president shall fix the salaries Of
: onIcers, agents and EMPLOYEES Ar inc
meeting of the board of diractors tbe
director absent from the meeting NAV yss
represented by any other director who at
y East the vote of the absent director sbs
,oruihg to written Instructions either hi
III VI special, of said absent direc- the
r Inc board of directors shall have mi
n n,ty TO make and establish, as we'll on,
aIter ana amend, all bylaws. rules o
resulatlons necessary and proper for =
. SUPPORT and management of the bnsi o ,
. and affairs of this corporatiop and elet
- inconsistent with this charter: and ahu
. sndIi nave power to authorize the eIe'
aS my OF money and the issuance of ma ma
. anu the execution of pledges and wv
lasaees' and generally to do ali tbinps one
essary or convenient for the nroner A
r!lng on of the business of tbe cprope- vid
i' StO,
i h.Il me general meeting of the stock 70
t tts lor election of directors TO he hold bol
the nrSt TupSdav In, 'OA