The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER OF THE IMPERIAL COTTON
GnMpANN OLE IOIISIANA. INC.

State of Louisiana, Parish OF orleans
City OF New Orleans, BE II known, that
on this 9TH day of the month OF Decem-
Der in the year of our Lord one thousand
nine hundred and twenty-one, Before me,
J ohm G.. Davey, Jr., Notary PUBIC III
and for the Parish of Orleans, State OF
Louisiana, duly commissioned and quail
fled and in the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared the several
persons whose names are hereuntO SUD-
scribed, who declared that. awaiting them
selves of the provisions OF the laws OF
this State relative to the forhatloh anu
organization of corporations, they nave
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 10
form and constitute corporation ana
body polite in law for the purposes and
objects and under the stipulations and
articles following tO-wit:
ARTICLE The name and title of said
corporation shall be Imperial Cotton Com
pany Of Louisiana, Inc. and its domlclle
Shall be in the City of New Orleans, Par
Ash of Orleans State of Louisiana. Said
CORPORATION shall exist and nave ana
enjoy succession under its aforesaid cor
porate name for the term and perlOr OF
ninety -nine years, commencing on ana 10
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 ana
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, dlrec-
tors and officers, and to make ana estaD-
lish such bylaws, rules and regulations
for the proper management or the aualrs
of this corporation may be necessary
no change
amend at pleasure.
ARTICLE 1.-THE objects and purposes
for which said corporation is formed are
hereby declared to be as follows: to en-.
gage in the export, import and general
mercantile business, in the City OF New
Orleans; to acquire real and personal
property as may be necessary for the
proper maintenance and carrying on OIL
said business.
ARTICLE III-Al of the corporate
powers of this corporation shall be cXer-
cised by Board of Directors, composed
of three stockholders, two OF whom shall
constitute a quorum. The Board OF III
rectors shall elect from amongst their
| number a President, Nice-President and
Secretary Treasurer; all citation shall DC
| 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 anC
! qualified as hereinafter provided for. vi
| the first Thursday in November OF eacl
| wear the election for Directors OF th'
| corporation by the stockholders shall b'
! held at the Office of the Company, tel
DAVIS legal notice of which snail be giveI
| by written notice mailed to each stock
holder: shall election shall be by ballot
and each share of stock shall be entltle'
! TO one vote in person or by proxy, stock
holders voting shall have held their stock
not less than ninety legal days prior e
said election; n plurality OF votes shall DE
eide said election, which shall be nell
under the supervision of stockholde
Amounted by the vice-president or II
his absence the Secretary Treasurer. FAN
ure from any cause to elect Directors a
| above described shall not dissolve the cor
poration but the Directors and officer
shall hold over until another election !
held. of which due notice shall be given
| proyided for in the case Of the annua
election.
ARTICLE IV-The first Board of Di
rectors of this corporation shall consis
Of Konosuke Yok0O, of Osaka, japan
Tsutomu Yamada and Akira Wada, bot
of New Orleans, Louisiana, with the sal
Konosuke Yokoo. as President. the sal
Tsutomu Yamada. as Vice President an
the said Akira Wada, as Secretary-Treas
urer. who shall hold Office as is provide
for in Article III Of this charter.
| ARTICLE V-Vacancies occurring ]
the Board of Directors, by reason or res
ignation. death or otherwise shall be nile
by the Board and stand until their sue
cessors are elected at the next annua
meeting of the stockholders.
1t shall be the duty of the Board Q
Directors to exhibit annually at the clos
of the commercial year, full and com
plete statement of the affairs of the com
pany. Al
ARTICLE vI-The capital stock OF TN
corporation is fixed at the sum or on
Hundred Thousand Dollars, divided int
One Thousand shares Of One Hundre
Dollars each, and each share shall 0
, entitled to one vote either in person 9
in proxy. to be paid In full and shall Q
, worcestershire. No stakeholder shall owe
he held liable or responsible to or throrg
said corporation for its contracts
, faults in any further sum than the III
paid balance due the company on an
| share owned by him.
ARTICLE vII-Whenever this corpori
: ton is dissolved. either by limitation
t any other cause its affairs shall be hqn
E dated under the supervision of two stool
: holders 10 he appointed for that purpoi
. by the Board of Directors, and they sha
| remain in Office until the affairs or sa
/ company shall have been duly settled ar
4 liouidated. and in the event OF the deal
b or resignation of one of said hquidator
the survivor shall continue to act.
e Thus done and passed at my once
: the CITY of New Orleans. in the presen
: - xro.s-s Ed~ard Dinkelspiel and RO