The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-06
CHARTER

chase Ut otherwise aconira es, a
or otherwise ALLEVIATE ana ~ and "a
10 mortgage. pledge nnc "pOse q
agricultural products of an aiypVa.S2
tlcularly cotton, and anv kiRdS
merchandise; 20 do ana ali
sion and factOrage, mssal eu
house and mauufactprin,sa nue,
connection with any OF ~ oasine.
Of the United States STAPLE
advancing Of money ana aneiacilg
planters, farmers and ma sappis
general mercantile business usnts, a,
ends To purchase. usa and 70
sell, mortgage. pledge or se' euh,s
I IL VI ie'i or personal prOpa,.s
acnUira % ''S ami town MY "
aIPuiie no noiu ana deal in stoaSIpefq
oOIIsatiohS and securities Of ~
pora TONS as well as Of midwife,
Pait ,L SHIPS 20 exchange ~
stock, or any part thereof o.. "a,
"hlch IL Is authorized Ia aoe ptOD-
generally 10 do all acts ana 'qulis
all contracts or obligations sh eAtsi
necessary, convenient or ann' hsy
the accomplishments Of said p,Opfat
any OF them gcrmane tbers, pufpOss
and everything incidental ~ and b
purposes as hereinaboye 80, me gas
and declared. oct out ars
ARTICLE III. All tho
ers of this corporation sbonPOt N
and exercised by Board =, oe VI.
composed of three stockbo,Sa Dlfeas
whom shall constitute " ns
of whom shall hold in bis tuOrun =
least one uhpiedged snare Of sto1 aaa.
shaII eject from their number
dent and a Vice President
elect Secretary Treasurer %
not be a director or stockhola..
corporation. All citations shan
upon the President; or, in nj. IN
upon the Secretary -Treasurer tao'A
Board shall have the right 10 W.
sons or agents upon whom ci,s,sN \
De served, which service wha 4
shall be binding upon this casa u
as though same had been MAJ pOntS |
PRESIDENT or Secretary-Tressn, sw
directors shall serve until thai.
sors are duly elected and onsns nas
Is hereinafter provided.
On the twentieth day n, L..
each year the election for S,.a1
this corporation by its stockholSs,s
De held at the office Of the comns,,
Gays regal notice Of which shan h.
oy written notice mailed to each ~
holder; said election shall he h. M
and each share of stock shall n. ~. a
to one vote In person or by prov. ..
holders voting shall have held th.,,
not less than ninety legal DAYS ~.
the election OF said directors IA
from any cause TO elect directors a.
described, shall not dissolve ~. w
poratiOn, but the directors ana ~
then in office shall hold over r,,S
other election is held, Of which An. ~
shall be given, as provided for a.
case Of annual elections.
ARTICLE ". The first Ro,,,
Directors of this corporation shan
sist Of w. s. r. Beane. postofscs ' ~.
oo25 Hurst street, New Orleana Id
A. c. Walker. pOstoffce address n
Clarendon avenue, Greenville, g. q :.
w. l.. Wylie, postofice address =
ksowee avenue, Greenville, s. C. a
said w. s. X. Beane as PresIdent 4 n
Walker as Vice President, who shan ~
office as is provided for in Article m :
this charter.
ARTICLE V. Vacancies occurr,,, I.
the Board of Directors, By res,s :
death or otherwise. shsu !
filed by the Board and stand uptil ~
successors are elected at the next su,r
meeting Of the stockholders.
1t shall be the duty Of the Board :
Directors to exhibit annually at the n
nual meeting of the corporation 4 4,
and complete statement Of the sfsIu Z
the company.
ARTICLE vi. The capital steel 4
this corporation is fixed at the sun
One Hundred Thousand Dollars cln.
OOOOO), to be divided into and r,p,
sented by one thousand shares Of d,
par value of One Hundred Dolap
($1OO.0O each, which shall be paid n
in cash or may be issued for propxy
actually received by the corporatior !
its fair value, and each share Of sri
shall be entitled to one vote In psnr
or by proxy; said shares shall be 10
assessable. No stockholder shall ever \
held liable or responsible to or thrslr
said corporation for Its contracts o. 4
faults in any further sum than the y
paid balance due to the company 90 ~
share owned by him.
ARTICLE VII. Whenever this eopx
alton shall be dissolved, either By b
itation or for any other cause, Its ifzln
shall be liquidated under the superisi
that purpose by the Board Of Direcisn
and they shall remain in Office until b
affairs Of said company shall have "
duly settled and liquidated, and IA D
event Of the death or resignation Of n
Of said liquidatOrs the survivor shall O.
tinue to act.
The said liquidator or liquidatofs sisl
have full power and authority to IN
fer and give title to all assets and pHf
erty of the corporation BY publk
private sale, and to distribute the -
ceeds.
ARTICLE VIII. This act Of -
poration may be modified. changN
or said corporation may =
solved, with the assent Of two-thirn
the entire outstanding capital stee.
a general meeting Of the stockhe's.
for that purpose, aftef
vious notice shall have been gives 2 =
same manner as provided In Affcs y
for notice Of meetings for genera
tons.
There is annexed hereto. to D.
In connection herewith. an accufste'
tailed and itemized description
consisting Of stocks, boz 4.
other securities to be conveyed %
In payment Of the npsZ
ton to its entire capital stock
part thereof as may be decided y. Z
the Board Of Directors. being on A
sand shares Of the par value ~.
Hundred Dollars each, the saia
ment showing the amount. locafies, =
tent and character Of the se .1
therein enumerated. together !
Of the value, as appn -
the Board of Directors, which . ne =
Of One Hundred Thousand DonaI a.
ARTICLE TX. In order thn "a
charter may serve as the orielhn
scription list, the subscriber -.
have indicated below their ~,
signatures the number Of shares o. -
for by each Of them. 4
Thus done and passed at my s,
the City Of New Orleans. In tne -,
Of Messrs. w. K. Adolph ana - A
Scahill, competent witnesses. Dotn IA
city, who hereunto sign their name a
the appearers and me. Notary, 4
date aforesaid, after q readins
whole. - g
Original signed: w. 8. X. Beau n
Hurst Street, New Orleans, La. AZ
share; A. c. Walker, 200 Ciafensrs' %
nue., Greenvilie, s. c., per pro .. " n
nine hundred and ninety .seve s,r<
s. C. Pecot 24Ss Cainou. z, {