The herald., 1922-04-27
CHARTER

D.. y
or otherwise ALLEVIATE qGire, anseA
agricm Ui ,snse, pledge ana SispOse ~
,i ,n,.-,.l products Of "a" ~ hypos n
may" may cotton and apv ~ k,d,
Sion "auui'e to do and and an
S,on ana factorage. seheral
n nouss ana manufacturing eantils
80 with any Of blSo.N
oL me United Statas Tue staDs
aI I'dnClhS of money inel1diS,
pIahterS' farmers and ana sum.
scneral mercantile nerchsnts
ehuS 10 purchase. nsnSS and
sen, mortgage, pledge lease, cpsAt
pUSe OF real or Persona Othervis
a r or city and to. propery =
acquire, hold and deal 'ma prOps,,I
ooIlsatlohs and securi,iau stocks i
poIatIOhs' as well as 90 OF otS,,
partnerships to excbs,aan dividua, n
STOCK, or any part rbasse its SI
generally to d authorized to s ,Cr pNps
an contyac 70 DO all acts and s'qairs
nacas oarractS or obligations !, eats
tbe ocn. I,oh'tnient or anna nN
o on ACCOMPLISHMENT az of ssjt gpfoDras
ana ot mem germane thers,o pu'pOss
anu anu everything incidental 70 and
a PURPOSES I as hereinaboye so 20 Tie a.
ARTICLE III. An a..
erS OF this Corporation Sorporsh
anu exercised by a Ro,rsu aH be ~.
COMPOSED Of three stocLh.0i Dier''
whom shall constitute HOlders IN
Oh Whom shall hold in nj. quorun, a.
ieast one unpledged shara own nsa.
dent ana from their numbss L
elect a anu s Vice. President -, n
not no secretary Treasure and d
corno re a director or stockbolaS.a' y
49, VlpoIa .t All citations sbS%s u a
upon upon me President; or, in 41 ~ be sS
Upon me Secretary Treasn,as abSS
BOARD shall have the right ,' but N
suns or agents upon whom nans =
Oe served, which service NSuOn h
shaIi De binding upon thi. When N
as though same had been serpOn,S
PRESIDENT or Secretary T,a.ue upo1
directors shall serve nnt;i ufef,
sors are duly elected and mel, mel. Hss
Is hereinafter provided. VuaHae
On the twentieth a.r
~ Year the election for s,,.q d
ha S corporation by its stockboISS'On d
Se heId at the office of the cOuNn ~
1ays regal notice of which sS.npanI al
py written notice mailed n s a ee De
hoiuer; said election shall ba a SOD
anu each share of stock shall nS
70 one vote in person or bv n,o ve sa1ts
hoiuers voting shall have hsid ~ 200
NOT less imam ninety legal dsva sa
the election of said director. prai
from any cause to elect dirac,n. fue
Inscribed, shall not dissolve a. asR
poratlon, but the directors s,s s u
then in office shall hold ova. anu oiacs
other election is held, of which auu D
snail be given, as provided ., ue han
case OF annual elections. 'Or =
ARTICLE ". The frs, n
directors Of this corporation AN. Amy
sist OF w. 5. X. Beane. psstofscs A ", %
900 hurst street, New OrIs.,s s1gs
a; u walker, postoffice add. Z
clarendon avenue, Greenyilla
w. L. Wylie, postoffice adS,s.,
heowee avenue, Greenville
said W. s. Il. Beane as Prsssd...r W
walker as Vice President who shSu
office as is provided for in L,, SIaI =, y.
this charter. " Af"ie LII {
ARTICLE V. Vacancies ooou
tne Board of Directors, by reasos !
seSis natlon, death or otherwise. sh,n :
hlled by the Board and stand nr M ~
are elected at the peYt ,,- --
meeting of the stockholders '''A
1t shall be the duty of the Ro,,, 4.
directors to exhibit annually AT N. :,
hual meeting of the corporation a ~
ana complete statement Of the Affair."
the company. '-'' q
ARTICLE vi. The capitaI stab 4
THIS corporation is fixed at the .rr =
One Hundred Thousand Dollar, m Hia
'OO.OOl' TO be divided into and nm.
Sehted by one thousand shares Of b,
par value OF One Hundred Dohy
lsIOo.OO) each, which shall be pald \,
N cash or may be issued for prOu.r,
ictually received by the corpOrstop \
Is fair value, and each share Of s,s
mall be entitled to one vote In peu,
'r by proxy; said shares shall be pr
lssessable. No stakeholder shall eve, !
leId liable or responsible to or throur
aid corporation for its contracts or h
aults in any further sum than the y,
aid balance due to the company On n,
hare owned by him.
ARTICLE VII. Whenever this eo,uv
ltion shall be dissolved, either By In
tatlon or for any other cause, its sri.r
hall be liquidated under the superyidi
Il two stockholders to be appointed n
hat purpose by the Board Of Direcisn
nd they shall remain In office Until D
fairs of said company shall have ben
July settled and liquidated. and in d,
hn a
4 said hqridators the survivor shall CO..
inue to act.
The said liquidator or llquidatOrs shil
ave full power and authority to trsn
er and give title to all assets and prE
rty of the corporation by publk
riyate sale, and to distribute the Pr
eeds.
ARTICLE VIII. This act Of iurx
Grafton may be modified, changed Y
ltered, or said corporation may be d.
olved, with the assent of two-thlrds 4
he entire outstanding capital stoct,
general meeting Of the stockholdsn
onvened for that purpose, after pr
ious notice shall have been given IN y
anne manner as provided in Article IL
Dr. notice Of meetings for general ssf
IONS.
There Is annexed hereto, to be ri
, connection herewith, an accurate d
ailed and itemized description Of u
roperties consisting Of stocks, bonds
Their securities to be conveyed 70 ~
orporation In payment Of the suosfF
on to its entire capital stock or ~
art thereof as may be decided upon
he Board Of Directors, being one nv
and shares Of the par value Of W
Dollars each, the said ask
Ient showing the amount, location
mt and character Of the scunD.
lerein enumerated, together WIZ
.atement Of the value, as appraisH
lie Board Of Directors, which Is the :"
One Hundred Thousand Delan a.
ARTICLE TX. In order thai
larter may serve as the Original w
,ription list, the subscribers na
ave indicated below their respes
gnatures the number Of shares Oh W.
described for by each Of them. .
Thus done and passed at my olna
Ie City of New Orleans. In the p...
Messrs. W. Z. Adolph and Is's ~
.ahill, competent witnesses, both o. "A
ty, who hereunto sign their names ~
e appearers and me, Notary, ~ 4.
ite aforesaid, after q reading ="
hole. a.
Original signed: W. s. r. Beane
urst Street, New Orleans, La. ons
ARE; A. c. Walker, 200 CLARENDON ~
lie, Greenville, s. c., per pro >. Y m
ne hundred and ninety seven a,,,x
ares; s. C. Pecot, 243S Calhoun
ew ORLEANS Ia one IN share; W..