The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER

chase or otba-,,,;asu countries ~
or otherwise ALLEVIATE and Al, and %
to mortgage, pledge ana spose Of
agricultural products of an IypOtAar,~'
ticularly cotton, and anv klads,
merchandise; 10 do yo ud al az
sion and factOrage. me,neA CON-
house and manufacturino w.
connection with any OF tba ousines,
OF the United States. staple a.
advancing of money ana including
planters, farmers and march supplies
general mercantile business lad
ends TO purchase, use. Is.sutO t.
SELL mortgage, pledge or o,h, eultns
pose OF real or personal n,onsiss
tatlOns or city and town pertl, "a
| acquire, hold and deal in s,VpettJ;
Obligations and securities ~ oAs, boz
| porations, as well as of ina Other 4.
partnerships; 10 exchange 1uaas h,
STOCK, or any part thereon ,s CAPT,
which 1t Is authorized 10 a w pnD-,
generally To do all acts ana equlre >.
all contracts or obligations - eoIet b
necessary, convenient or ann,o.n g
the accomplishment Of said Opnat 8
any OF them germane thers,o Pulposs
and everything incidental 10 sld %
purposes as hereinabove set s sea,a
and declared. OUT srs
ARTICLE III. All the co,
ers of this corporation shan ',ae pe
and exercised by Board =, v Iess
composed of three stockboISa Dfeess
whom shall constitute a ona I've
of whom shall hold in his HOsun, ID
least one unpledged share Of ., nan.
shall elect from their numha. eA IL
dent and Vice President m
elect Secretary TreaSurar aaa u
not be director or stockhold".o "
corporation. All citations sboII d
upon the President; or. in ~. Ss
upon the Secretary -Treasurar tsos'e
Board shall have the right m w
sons or agents upon whom ci,a.s-e n
be served, which service wS.a ~
shall be binding upon this ecu NJ
as though same had been mad uua
President or Secretary Treasr,o.p 'a
directors shall serve until IT, n
sors are duly elected and opsl,ssss
is hereinafter provided.
On the twentieth day of JaDu,.,
each year the election for dirsr,o.'
TINS corporation by its stoekholden 80
be held at the office of the compas,
days legal notice of which shall bs -
by written notice mailed to each ~. ~
holder; said election shall be by ~
and each share OF stock shall be ssssA
TO one vote IN person or by proxy, s.s
holders voting shall have held thei, ~
not less than ninety legal DAYS 49,. 10
the election of said directors ppG
| from any cause to elect directors
described, shall not dissolve M. w
poration, but the directors and ~.
then in office shall hold over n,s1
| other election Is held, OF which an. -
shall be given, as provided Tor 4.
case of annual elections.
ARTICLE w. The first Ro,,, :.
Directors Of this corporation shan ~
sist Of w. S. r. Beane, psstoffce ,ds,'
5523 Hurst street, New Orleans I.
A. c. Walker, postoffice address =
Clarendon avenue, Greenville, s. q. A.
w. l.. Wylie, postoffice address n
keowee avenue, Greenville, 8. q ~
said w. s. X. Beane as President A n
Walker as Vice-President, who shan ~
office as is provided for in Article m !
this charter.
ARTICLE v. Vacancies occurr,,, |.
the Board of Directors, BY reasOs =
resignation, death or otherwise. sh,p :
filled by the Board and stand until t,s
successors are elected at the next ann,
meeting Of the stockholders.
1t shall be the duty Of the BO,r =
Directors to exhibit annually at Ii. n
nual meeting Of the corporation 4 nj
and complete statement Of the affair 1
the company.
ARTICLE vi. The capital sock 4
this corporation is fixed at the sun 4
One Hundred Thousand Dollars lH1.
OOO.0O), to be divided into and rppr
sented by one thousand shares Of 4.
par value of One Hundred Dolis
! ($100.00) each, which shall be paid N
in cash or may be issued for prssrr
| actually received by the corporatiul 4
its fair value, and each share Of sod
shall be entitled to one vote In prw
or by proxy; said shares shall be ls
| assessable. No stakeholder shall ever /
! held liable or responsible to or thrprr
, said corporation for its contracts or b
| faults in any further sum than The n
| paid balance due to the company On ~
share owned by him.
ARTICLE VII. Whenever this copT
alton shall be dissolved, either By b
itation or for any other cause, Its Atm
shall be liquidated under the supersu
of two stockholders to be appointed b.
that purpose by the Board Of Difedn
and they shall remain in Office Until b
affairs of said company shall have ~
duly settled and liquidated, and h b
event of the death or resignation Of "
Of said liquidators the survivor shall ~
time to acp
The said hquidator or liquidaton IA
have full power and authority 70 rss
fer and give title to all assets and pif
erty of the corporation by ppbk
private sale, and to distribute the ~
ceeds.
ARTICLE VIII. This act Of .rs
poration may be modified, changed =
altered, or said corporation may Be y
solved, with the assent Of two-thires :
the entire outstanding capital STOCK !
general meeting Of the stockho's'
convened for that purpose, aftd "
vious notice shall have been giren y y
same manner as provided In Aruck
for notice of meetings for genera ~
tons.
There Is annexed hereto, to -
In connection herewith, an accufaIs :.
tailed and itemized description
properties consisting Of stocks. pona n.
other securities to be conveyed -
corporation In payment OF the uDs ~
| tlOu 10 1ts entire Chpitui stv~e \
part thereof as may be decided upe. ~.
the Board of Directors, being one "a \.
sand shares Of the par value -
Hundred Dollars each, the SAID
ment showing the amount, locsuol - =
tent and character Of the ~.
therein enumerated, together w !,
statement Of the value. as appn !,
the Board of Directors, which us
Of One Hundred Thousand Do,.n A
ARTICLE TX. In order tnn a
charter may serve as the origin, -
scription list, the subscrieen
have indicated below their -
signatures the number OF shares
subscribed for by each OF teen -. i
Thus done and passed at my ~ a..ss
the City Of New Orleans. In me tn
Of Messrs. w. Z. Adolph ana = A
Scahill, competent witnesses. ootn %
city, who hereunto sign their nam !. B
the appearers and me, Notay, b
date aforesaid, after a reading
whole. ,.. g
Original signed: W. s. X. bea.s q
Hurst Street, New Orleans, La- "a lf
share; A. c. Walker, 200 Clarence "a
nue., Greenville, s. c., per pro :. N
nine hundred and ninety sew. s,,rl
shares; s. c. Pecot, PASS cainvs. q
/ ~. a-,oo.. II noa m ehdrti a