The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
CHARTER OF THE IMPERIAL COTTON
COMPANY OF LOUISIANA, INC.

| State of Louisiana, Parish OF orleans
City of New Orleans, BE it 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.
| John c. Davey, Jr., Notary Public, IN
| and for the Parish of Orleans, State OF
! 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
| corporation 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 a 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-
fish such bylaws, rules and regulations
for the proper management of the affairs
| of this corporation as 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 as follows: to en-
gage in the export, import and general
mercantile business, in the City Of New
Orleans; 10 acquire real and personal
, property as may be necessary for the
proper maintenance and carrying on of
, said business.
2 ARTICLE III-All of the corporate
} powers of this corporation shall be exer.
cised by n Board of Directors, composed
of three stockholders, two OF whom shall
! constitute quorum. The Board of Di
; rectors shall elect from amongst theil
!, number President, President and
Secretary Treasurer; all citation shall b,
a served upon the Vice President or an hi.
absence the Secretary Treasurer of tn,
\ corporation; the Directors shall sery,
Z until their successors are duly elected anC
qualified as hereinafter provided for. Or
, the first Thursday in November of eacl
, year, the election for Directors of the
2 corporation by the stockholders shall b,
held at the Office Of the Company, ter
days legal notice of which snail be giver
by written notice mailed to each stock
holder; shall election shall he by ballot
and each share of stock shall be entitled
to one vote in person or by proxy, stock.
holders voting shall have held their stock
not less than ninety legal days prior tc
said election; plurality of votes shall de-
eide said election, which shall be held
under the supervision of a stockholdel
appointed by the vice-president or In
his absence the Secretary Treasurer. Fail
ure from any cause to elect Directors ms
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 a.
provided for In the case of the annual
, election.
ARTICLE Iv-The first Board OF Di
rectors Of this corporation shall consist
D Of KOnOsuke YOkoo. Of Osaka. Japan
Tsutomu Yamada and Akira wada b0tt
J OF New Orleans, Louisiana. with the said
konosuke Yokoo. as President. the said
Isutomu famada: as vice-President ant
the said Akira Wada, as Secretary Treas
D urer. who shall hold Office as is provided
J for in Article III Of this charter
ARTICLE N-Vacancies occurring II
I the Board Of Directors, by reason of res
3 ignation. death or otherwise shall be filled
y
cessors are elected at the next anuua
D meeting of the stockholders
IL shall be the duty OF the Board o.
{ Directors to exhibit annually at the clos,
e OF the commercial year, a full and com
: plete statement Of the affairs Of the com
r pany.
ARTICLE VI-The capital stock of thi
, corporation Is fixed at the sum of On,
Hundred Thousand Dollars, divided int
i, One Thousand shares Of One Hundred
Dollars each. and each share shall b,
; entitled to one vote either in person Of
In proxy, to be paid in full and shall b,
worcestershire. No stakeholder shall eve
be held liable or responsible to or thror Il
said corporation for its contracts O,
D faults In any further sum than the nm
paid balance due the company on am
e share owned by him.
ARTICLE VII-Whenever this CORPORA
ton Is dissolved, either by limitation OF
: any other cause. its affairs shall be liaui
dated under the supervision Of two stock
> holders TO be appointed for that purpos.
by the Board Of Directors, and they shall
remain In Office until the affairs of said
! company shall have been duly settled ant
liquidated. and In the event Of the death
or resignation Of one of said uoufdafors