The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER

"4tHIdl prOduc,s duQ ~ ILL.,
ticu.drly cotton. ans Of an Ifs;
mere handise: To go any ~
sion and factoray, geas,,
house and manTs nerc,,s
connection 90 .i with any , y; % n.
OF The United S,s, " the ~ NY,
nI' a'ly'ns Of moRey MA
general mercantile b"l. hercAs,,'S
s saIi m TO ,l Purchase, use es', u
ppSe oil real or perso, % oths,Sl
l"u"nS or city ana 10aSl pro,.1
acquire, hold and 40 Town ~
norgl,ons, as Well as t of q y.
STOCK, or any part ,tSuahgs
which it is autbo,i,Zuas'eOt, d,
generally TO do an eU 10 an.
all contracts or oti. avs aud ~
necessary, conveni,pf as.'hs La
ane a,,omplishment Of % sppnp.S
any OF them germans SAD SAD las',
ana everything ipcido,..l efeto ~
purposes as her,insbalai 70 d,
and declared. "'o'e SET =,
ARTICLE Ill Al
erS Of this corpora,;o Tue eO'yo,,
and exercised by a '' ~ shall
composed Of three s, nOStd q NJ
W ", Shall constitute Iaaotes \
Nv Il Whoh shall hold in h, ql'Ns
ig ,I one unpledged s5,, -I' oT y
Shal elect from their o. Esl
dtnt and a yice.P,0IG1gghhs 4
no. no, ~ secretary-Trea "
hot he a director or S,oapa VI
corporation. All citatjooO'C Aaods
upon the President: a. sNal y
upon the Secretary. Tn b, i.
Board shall have the ,ieSasafst, 81
sons or agents upon WHOM s . Ii
ot served which service aaas
shaIi be binding upon ,S; VIA u
as though same had nasn 'u.s tOSa {
president or Secrets,v r. lace a /
directors udrs shall serve untI '; atis
$ Sor s are duly elected and t men
Is hereinafter provided u gus
Oh The twentieth dav
each year the election to W J',,n
TINS corporation by ina ~, disis
9e heid at the office Of tb s
gays legal notice Of which %SSpr
DE written notice mailed ), saA !
holder; said election shan " s,a
and each STARE of stoet Ts
lone 20 one vote in person or by - mo-.
no!dTrS voting shall have XIX t',,l
NOT less than ninety legal ~. ns
the election Of said dirso, ean FL
from any cause to elect dirs".ala
described, shall not disso,uOn y
poralon' but the directors u
lneh IN otilce shall hold oys,
other election is held. Of vS," si "
snail be given, as proyidsS A
case OF annual elections !"
ARTICLE ". Tba g..
directors OF this corporatioo S S.a
sist OF W. S. r. Beane. pesto,s, ~
oo23 Hurst street, New t 0..
A: {. Walker, postoffes V .sI
Clarendon avenue, Graenrin. 'TI,s
W. l.. Wylie, pOstofice ,sS,.-
heowee avenue, Greenville
SAID W. s. H. Beane as Prs,id.',
walker as Vice President wSa ~,
office as is provided for in 49,, ~
this charter. A'~s
ARTICLE V. Vacancies oO.,..
the Board Of Directors, BY ~.
resignation, death or otbsrwi., =,
hlled by the Board and stand ,,S
successors are elected at the nav,
meeting Of the stockholders
1t shall be the duty Of IA. D..
Directors to exhibit annually n NJ
nual meeting Of the corporstio,
and complete statement Of Tho 80
the company.
ARTICLE VI. The capital ~
this corporation is fixed al tbs :.
One Hundred Thousand. Dollar NJ
OOO.OOl, to be divided into ,,d =,
scented by one thousand sh,rs
par value Of One Hundred hi
(SlOO.OO) each, which shall BE- NH
IN cash or may be issued FOR -
actually received by the corpOnfr
its fair value. and each shars a y
shall be entitled to one vote /, ~
or by proxy; said shares shall n n
assessable. No stockholder SHAH %
held liable or responsible 10 o. tIr~
said corporation for its contract, = ,
faults in 0any further sum than d, ,
paid balance due to the eompany n !
share owned by him.
ARTICLE VII. Whenever TIL, On,
alton shall be dissolved, either b. !
itation or for any other cause, I'd 4,
shall be liquidated under the mvsrs
of two stockholders to be appouis /
that purpose by the Board Of Dirss
and they shall remain In Office unE /
affairs Of said company shall hln h
duly settled and liquidated, and d
event of the death or resignation 4 4
of said liquidators the survivor shiI q
tinue to act.
The said liquidator or liquidalsr d
have full power and authority TO m
fer and give title to all assets and y
erty Of the corporation BY pubk
private sale, and to distribute hs
ceeds.
ARTICLE VIII. This act q IA
poration may be modified, ehalsa
altered, or said corporation may b !
solved, with the assent Of twO-ifti
the entire outstanding capital 'tea
a general meeting Of the stociAit
for that purpose, afsi
viOus notice shall have been given \
same manner as provided In Arux
for notice Of meetings for genefi :
lions.
There is annexed hereto, to b :
In connection herewith, an sccafit.
tailed and itemized description
properties consisting Of stocks hs'a
other securities to be conveyed
In payment OF the snps.
ton to its entire capital stocs y
part thereof as may be decided uPa !,
the Board Of Directors, being Que y
sand shares Of the par value :.
Hundred Dollars each, the an =
ment showing the amount, iocsns
tent and character OF the -
enumerated, together W
statement Of the value, as appnn,
the Board Of Directors, which = ~
Of One Hundred Thousand poil.a
ARTICLE TX. In order IaL !
charter may serve as the orshA, !.
scription list, the subscriber =
have indicated below theif !,
signatures the number OF snsres v "
for by each OF them, a.
Thus done and passed at ny -,
he City of New Orleans, IN -, m. M.
IF Messrs. W. E. Adolph ana
Scahill, competent witnesses, Doa
,ity, who hereunto sign their naDs
he appearers and me, NotsH,
late aforesaid, after a reao''s
whole. ,...,
Original signed: W. 5. H. pe'
Hurst Street, New Orleans. L. 80,
A. c. Walker 200 Clarsn1rp n
lue, Greenville, S. C., per pro
line hundred and ninety,S IN
shares; s. c. Pecot, PASS eaavs
New Orleans. La, one W sn'i c,.,,ril
NyIie. 100 Keowee Avenue, 40
J. c., per pro Edw. Dinkei'pN+
hare.
Witnesses.