The herald., 1922-05-04
CHARTER

ab,... ." lOreign
or or'St @t,a or otherwise a. scoS,la coHas
Ok ,p otherwise ] ALLEVIATE asqaifs sa9 .,
70 mortgage, plede.s and do.
agricultural prodnc,s and
TiSqtIIly merabdg5i.ot. cotton, and an, al AZ
SION and factorars d selss
house aud mannse herasS
connection with an"toriRg
Oh the United S,,ta. u The ~
advancing of monS1es' mates tusS. 4
planters, farmers anG and - -
general mercantile h" u netcs, \
end' enIi to purchase, Is,a''1 u,a u
pose of real or nsrs OF OAs.
tali"nS or city aSOnal ana pio,..
aIfuiIe' aLiind,io, hold and deal ii0Ea " la,.
poralions, as Well as sues ~ d ;.
stock. or anv no, 10 excAans.
Mhich 1t is authorizad' t,
smntraIy '5I to do all sc,. % an
an contracts or obli1oS,t;s Sts ant = y
necessary, Conyenient a'lOns as
1ne on,. agsccmplishment s Of y a. ,aiPpals
any of them germaps sad sad ~
ana everything incideD,..ss ,.s'ei0 4
purposes as hereinaLanh 70 4.
and declared. SET a.
ARTICLE Ill An
ers OF this corpora,;ohe ,he eorpss,
and. and exercised by a Ba,,aH sH'l
COMPOSED of three stooe1 noeid u
whom shall CONSTITUTE tS'AaaoIt'a
Oh whom shall hold in a qaOt,
least one unpledped -, ~ us oEa
shall elect from their dIe 0 Of ra
dent and a Vice. aiS1hSs 3
elect a Secretary.T,seessluen u J.
not,. not be director or SI1ISi, stocIS,,,,r n
corporation. All citatiSpO'C SpO'Cla0lts
upon the President; or slaA L
upon the Secretary.T,s.sA- - u
Board shall have the ,is1.ie
sons or agents upon whom . u
De served, which serv,ol u 'laas
shaIi be binding upon M. Vie
as though same had nsan '",s caqle
ti. fresident or Secretary. n .T,saaal' nae 2
directors shall serve nn,, ,e..'H;;
sors are duly elected and aet
Is hereinafter provided. "-u Q''1.
On the twentieth dsv %
each year the election ~. VI !l'ss
thlS corporation by its s,oa., Sr Cisae
De heid at the office Of the tSA-oae a.
DAYS legal notice of which ,S.ale SSeSle
by written notice mailed - sal
holder; said election shan sa
and each share of stocE Se y
to one vote in person or bv SvI =
holders voting shall have Xxx Si,i y,
not less than ninety legal 4. A.. ~
the election of said Sira.,h sah =
from any cause to elect dirSo,..sA
described, shall not dIssol,.
poration, but the directo,S
then in office shall hold ov'
other election is held, Of wS,.a I' !.
shall be given, as proyidsS y. s<
case OF annual elections. !"
ARTICLE ". The s,,, :,
directors Of this corporate, - =
sist Of w. S. r. Beane. pssto,s.. = ]
5523 Hurst street, New 0,I.'.
A; c. Walker, postOfice So ,s1.-.
Clarendon avenue, Greenyill. 'Ts !
W. l.. Wylie, postof6es "a.
keowee avenue, Greenyille N
said W. 5. X. Beane as p,s,,s...
walker as Vice-President VII. :,
office as is provided for in Ar ), \
this charter.
ARTICLE V. Vacancies sc,,-l
the Board of Directors, by n~
resignation, death or otbsrwi,. ~ !.
filled by the Board and stand NJ
successors are elected at the nor y
meeting Of the stockholders
1t shall be the duty Of Ii, H.,
Directors to exhibit annually n =
nual meeting Of the CORPORATE, \
and complete statement Of tbs m.
the company.
ARTICLE VI. The capital su
this corporation is fixed Al a. .,
One Hundred Thousand DOlsr ,
OOO.OO), to be divided into ,,i !
sented by one thousand shsrs Z
par value of One Hurdrsd /,
tSlO0.0O) each, which shall b. ~
in cash or may be issued for IN
actually received by the corpair.
its fair value, and each share 4
shall be entitled to one vote h \
or by proxy; said shares shall v
assessable. No stockholder shall ..
held liable or responsible to or d,
said corporation for Its cOnirxu |
faults in any further sum than d
paid balance due to the eompanJ u
share owned by him.
ARTICLE VII. Whenever this q
alton shall be dissolved, either y
itation or for any other cause, ID
shall be liquidated under the Hps'
Of two stockholders to be appOilz
that purpose by the Board Of Div
and they shall remain in Office u.
affairs of said company shall hsR
duly settled and liquidated. and
event of the death or resignatiOr
of said liQuidators the survive; slil
tinue to act.
The said Iiquidator or llquidiirn
have full power and authority %
fer and give title to all assets ir
erty of the corporation BY pull
private sale, and to distribute u
ceeds.
ARTICLE VIII. This act Of
poration may be modified, chiiF
altered, or said corporation may !
solved, with the assent OF tEo-ns
the entire outstanding capital 80
a general meeting Of the stocn
convened for that purpose, ana
vious notice shall have been gliea
same manner as provided in An,
for notice Of meetings for gensi
tions. =,
There Is annexed hereto, 70 :
in connection herewith, an accs'.
tailed and itemized descripnol
properties consisting Of stocks y.
other securities to be eonveyea
corporation in payment Oh tne :.
tion to its entire capital stoeS J
part thereof as may be decided y
the Board of Directors, beng w
sand shares Of the par vai1s
Hundred Dollars each, the 81, ~
ment showing the amount, l'i.- >.
tent and character OF tne
therein enumerated, together .
statement of the value, as spp's y
the Board of Directors, whien = u.. :
of One Hundred Thousand Dvs, ~,
ARTICLE TX. in orde' ~, ~
charter may serve as the sa.. Sn.
scription list. the suoserlO', =,
have indicated below tnsn = 4
signatures the number OF snsls %
subscribed for by each OF men :.
Thus done and passed a. ny y. : !.
the City Of New Orleans II "a -.
of Messrs. W. e. Adolph ~. "a
Scahill. competent witnesses, W., ~,
city, who hereunto sign tnss sa,,,,' :, |
the appearers and me, N0's .sI.s
date aforesaid, after a fs''
whole. p,sDl
Original signed: W. 5. b. D''S
Hurst Street, New Orleans sc,..sstSl =,
share; A. c. Walker, zos c
nue.. Greenville, S. C., per plo .s,,,
Miro hundred and ninety