The herald., 1922-08-03
CHARTER
CHARTER OF
NEW ORLEANS CYPRESS CO., IN

Orleans, state of Louisiana. therein re-
siding, and in the presence of the wit
nesses hereinafter named ana under
signed, personally came and appeared
the several persons whose names are
hereunto subscribed, who declared that,
awaiting themselves of the laws OF
this state relative to the organization
of corporations, they have coVenanted
and agreed and do by these presents
covenant agree, bind, form and con-
Stitute themselves as well as such per-
sons as may hereafter join or become
associated with them, into corpora
tion or body polite in law, for the
objects and purposes and under the
agreements and Stipulations following.
to-wlt:
ARTICLE /. The name and title of
this corporation shall be New Orleans
Cypress Co. Inc, and under its cor
porate name it shall enjoy succession
for the full term and period of ninety
nine years from and after the date
hereof, and shall have power and
Authority To contract, sue and be sued;
10 accept and receive mortgages,
pledges or other approximations; to
make and use corporate seal, and
the same to break and alter at pleasure;
to purchase, receive, lease, hold or
otherwise acquire and convey. as well
as mortgage and hypothecate under
its corporate name, property, both real,
personal and mixed; TO borrow money
and make and issue bonds, and other
evidences of debt. and to secure the
same by mortgage or otherwise; to
subscribe to and hold stock in other
corporations; to acquire. hold and re-
issue shares of its capital stock; to
carry out all of the objects and pur-
poses hereinafter set out; To name and
appoint such managers and directors,
officers and agents as the interest and
convenience of said corporation may
require; and to make and establish as
well as alter and amend at pleasure
such bylaws, rules and regulations
for the management and regulation of
the affairs of the corporation as may
he necessary, proper or convenient;
and generally to do all such other acts
and things as trading corporations are
authorized to do under the laws of the
state of Louisiana.
ARTICLE H. The domicile of this
corporation shall be in the parish OF
Orleans, state of Louisiana. and all
citations or other legal process shall
be served upon the president of the
company: or, in his absence, upon the
Vice-president.
ARTICLE Ill The objects and pur-
poses for which this corporation is
organized and the nature of the bust
ness to be carried on by II are hereby
declared to be: To conduct a cotton
business: to carry on the business of
public warehousemen, and to issue
7 warehouse receipts, negotiable and/o
non-negotiable; to do a general cotton
merchandising and export business; to
export and deal in cotton and other
agricultural products, spot and future;
to purchase, hold. improve, develop.
SELL mortgage, pledge or otherwise
deal in and dispose of real and /or per-
Sonal property; TO exchange its entire
capital stock, or any part thereof, for
property which 1t is authorized to
acquire; to exchange ITS entire assets
and business, or any part thereof, for
property, stocks, bonds or other Obli
cations of other companies, firms or
individuals; and generally to do all
acts and things necessary, convenient
or appropriate to the accomplishment
of any of said purposes or germane
thereto.
ARTICLE " The presently author
lied capital stock of this corporation
is hereby fixed at the sum of One
Million Dollars G1,0O0,0O 0.O0), divided
into and represented by ten thousand
One Hundred Dollars (Sl00.00) per
share. The amount of said stock may
be increased to Five Million Dollars
ARTICLE v. No transfer of stock
shall be binding upon the corporation
unless and until made and recorded
upon its books. The corporation shall
have the right to refuse to transfer
any stock so long as the shareholder
demanding the transfer is in any way
indebted. to the corporation, and the
corporation shall have a lien, pledge
and privilege on each share of stock
to secure any Indebtedness due by the
shareholder to the corporation.
ARTICLE VI. All the powers of this
composed of not less than three nor
more than seven directors. The pre-
else number of directors within said
limits shall be fixed by the stockhold-
ers at the annual meeting, or at a
special meeting called for that pur-
pose; provided that in the interval be-
tween stockholders meetings the Board
itself may elect additional directors
within the maximum limit above pro-
vided, if the stockholders shall not
have elected the same. A majority of
the Board shall constitute quorum.
Said Board of Directors shall be elected
annually at the stockholders meeting
to be held annually at the office of
the corporation on the second Monday
in May of each year, after notice given
to each stakeholder by mail at least
fifteen days before the date of the
meeting, addressed to the last desig-
mated address of the stakeholder; or,
Special meetings of the stockholders
may be called by the Board of Direc-
tors or by the President or Vice Presi-
dent at any time and notice thereof
shall be given in the manner provided
for annual meetings.; provided that in
all cases all notice may be waived by
unanimous consent Each shareholder
shall be entitled to one vote for each
share of stock standing in his name
on the books of the corporation. said
and a majority of the votes cast shall
elect. Failure to elect Directors on
the day above specified shall not dis
solve the Corporation but the Directors
then in office shall remain in office
until their successors are elected and
qualify The Board of Directors shall
have power to fill all vacancies which
may occur or in any manner arise or
be created on the Board. even though
no quorum remain at the time such
vacancies are to be filled. The Board
shall elect from it's a number a Presi-
dent, Vice-President and shall also
elect a Secretary and Treasurer who
may be the same individual and need
holders; and the Board is expressly
pense with any of said officers and
or combine and /or separate any of
them, and I or elect any other such
officers as the Board may think proper
or convenient to the carrying on of the
company'S business, and to provide
that said officers need not be mem.
bers of the Board or stockholders; and
the Board shall fix the salaries of the
officers. agents and employees. At
any meeting of the Board of Directors,
any Director absent from the meeting
may be represented by any other Di-
rector who may cast the vote of the
absent director according to the writ
ten Instruction. either general or
special, of said absent Director The
Board of Directors shall have authority
to make and establish, as well as alter
and amend, all bylaws, rules and regu-
lations necessary and proper for the
support and management of the bust
ness and affairs of this corporation
and not inconsistent with this charter;