The herald., 1922-01-05


State of Louisiana, Parish of Orleans,
City of New Orleans, BE it known, that
on this 9TH day of the month OF Deem
Der in the year of our Lord one thousand
nine hundred and twenty-one, Before me,
John c. Dayey, Jr., Notary Public, in
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 corporation and
body polite in law for the purposes and
objects and under the stipulatiOns and
articles following to-wit:
ARTICLE 1.-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
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 cor
pOrate seal. and the same to break and
alter at pleasure; to hold, receive, pur-
chase and convey, as 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
of this corporation rs 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 follows: to en-
gage I'm the export, impor: and general
mercantile business, in the City of New
Orleans; TO acquire real and personal
property 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 Board of Directors, composed
of three stockholders, two OF whom shall
constitute n quorum. The Board of Di-
rectOrs shall elect from amongst their
number a 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 aud
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.
and each share Of stock shall be entitled
to one vote in person or by proxy. stock
holders voting shall have held theiI 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
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, OF which due notice shall be given as
provided for in the case of the annual
election.
ARTICLE Iv-The first Board of Dj
rectors Of this corporation shall consist
OF konesuke YOkoO, Of Osaka, Japan,
TsutOmu Yamada and Akira Wada, both
Of New Orleans. Louisiana. with the said
Konosuke Yokoo, as President. the said
the said Akira Wada, as Secretary Treas
urer, who shall hold Office as is provided
for In Article III of this charter.
ARTICLE V-Vacancies occurring in
the Board or Directors, by reason of res
ignation, death or otherwise shall be filed
by the Board and stand until their sue
cessors are elected at the next annual
meeting of the stockholders
1t shall be the duty of the Board CT
Directors to exhibit annually at the close
of the commercial year, q full and com
plete statement Of the affairs of the COM
pany.
ARTICLE VI-The capital stock of this
corporation Is fixed at the sum of One
Hundred Thousand Dollars. divided into
One Thousand shares of One Hundred
Dollars each, and each share shall be
entitled to one vote either In person or
In proxy, to be paid in full and shall be
No stakeholder shall ever
be held liable or responsible to or throc gh
said corporation for its contracts or
faults In any further sum than the I'M
paid balance due the company on any
share owned by him.
ARTICLE VII-Whenever this corpora. |
ton Is dissolved. either by limitation or
any other cause. its affairs shall be liaui- |
dated under the supervision Of two stock |
holders to be appointed for that purpose |
by the Board Of Directors, and they shall |
remain In Office until the affairs Of said |
company shall have been duly settled and |
liquidated. and In the event of the death |
Or resignation Of one Of said Hquidators. /
The survivor shall continue to act.