The herald., 1922-04-20
CHARTER

..
acr;i,i ,Ui Z aSe' pledge ana SpOse n
,icrI, ui.uIdi products Of an hypoS
r',..is cotton, and am Kids
-. '''iH'Ne, to do a an. and al
L -Ou anu iactorage, meneFsl Co,
'.,,,. ana manufactur;naa atile,
~ with any of IS bOsas
~ tAe United States Tue stabl.
,,I.,",'.,e oI money ana ciaeh,
Ii'n.tIs' Farmers and na. u SUPPL.
ii mercantile buSinaS ehaHts' j.,
ems 10 purchase. usa and IA
81, ".''' gaze. pledg. o- ease, cgi>%<
20 Oh real or personal otherE,,.
.'''''a or 'Ity and to,,.,i property =
ACQUIRE, hold aad deal ~ prOper.' =
oonsa'lohA ana securities Stocks.
POidtIVHS' as We'll AS ~ Vi Oths,
par ,HeI>Hips, 10 eAcbanalu yid1ah
H'o,A' or any part rh.raase It's a
.'.H IL l. authorized 49, Ios p,o,.~
-u""TdIiy Il 40 all Yr,s aeqgir.
"h contracts or obIigatioraad elte,
necessary. uOuy,ui.ut thai IA
tne accomplishment of ,IitPpfoptst
III! OF tn"M S-Tmaua tba- purpo,,
ana every thing incidentaG e'o, and
purposes as hcryiuabovs " The "a,
an" ap ay,taF :. 's' out .
AhtiCLE III. All the co,,
trS oil this corporation sSSOorTp0tat. n
d'iu exercised by board De v.r.
com posed Of three stoctba,VO Ditet
nom snail constitute '.uers tSs
V4 "Aom shall hold in his faor0n, -
itdSL one unpledged suara CNh hsH,
ShdlI eject from their nm stock n
cent and Vice resiJan'er a
elect Secretary TreaSnra. and ~
not be director or stoctL Who =
corporation. All Citations aLoilef u n
upon the President; or iali be W.
upon the Srcretarv-Tra,snl us abssN
boafd shall have the rich, t'' b.;
sons or agents upon WHOM, hane =
De served, which service 'itslOn b
sHaII he binding upon tbis Wien Ia
as though same had baan COrpsts,,
I,; teSi"tn' or Secretary Treasn,. up'a B
-. 'ots SAdI serve until tbsi,
- - ate uuIy elected and opaEs Moas
Is hereinafter provided. Sualhst al
On the twentieth dav y,
edch year the election 70, sS,annaT II
TINS corporation by its stool, u,'eelon Il
be held at the ofhce of tho 1 oo,fs NJ
uaIS regal notice of which sbanPaaI I'll
by written notice mailed r. oe als
holder; said election shall ho Sod
anu each share Of stock shall Na
10 one vote in person or by n,or. ela;z
holders voting shall have beid ~! sea
not less than ninety legal d. ."er SO
the election of said dirac,o.s prlai
from any cause to elect dirsc,ns falll
described, shall not dissoIva as aoV
poratiOn, but the dir4cforo .as e.
eneh IN oiice shall hold over pn Sa'
olher election is held, of which DIM T.N y. .
shali be given, as provided "a, 4e y a'o
case OF annual elections. D
ARTICLE ". The frs, n
Directors of this corporation i nOaa
slst or W. 5. X. Beane. psstofss. an %
lJ23 Hurst street. New o,Iao, aura
a. {. Walker. postoftice sdd.n
clarendon avenue, Greenville, s
w l.. Wylie, postoffce add,ss,g y,
heowee avenue. Greenvile. 3
SAID W. 5. X. Beane as Presidan, ~
W aIker as Nice-President. who shan a ~
pfiice as is provided for in Artcjs m ~ J
this charter. III
ARTICLE V. Vacancies Occu,,,., .
The Board Of Directors, by rsa.as
resignation, death or otherwise ss.S
Ilied by the Board and stand unSII ~
successors are elected at the neTt go
meeting OF the stockholders.
1t shall be the duty of the Ro,,a i.
Directors to exhibit annually At tSs :,
lual meeting of the cOrporation a ~
ma complete statement Of the afai,, =
he company.
ARTICLE VI. The capital ,,.., :
his corporation is fixed at the mr :
Dne Hundred Thousand Dollars nm
'VO.VOl' TO be divided into and rsD,.
'ehted by one thousand shares Of n
oar value Of One Hundred DOhr
.slOoOV) each. which shall be psId a
cash or may be issued for prsO.r,
actually received by the corporstIar !
Is fair value, and each share Of I'M
'hall be entitled to one vote IN ps,s,
" by proxy; said shares shall be NJ,
lssessable. No stakeholder shall eve, \
leld liable or responsible to or thross
aid corporation for its contracts On X
aults In any further sum than the l,
'ald balance due to the company on u,
'hare owned by him.
ARTICLE VII. Whenever this coma,
Ition shall be dissolved, either By in
tation or for any other cause. ia sssu
hail be iiquidated under the supervi,is
II two stockholders to be appointed *
hat purpose by the Board Of Directsn
md they shall remain in office until n
.Hairs or said company shall have hss
July settled and liquidated, and In d.
vent of the death or resignation Of N
4 said liquidators the survivor shall eul
inue to act.
The said liquidator or liquidatOrs shl.
AVE full power and authority to trss
er and give title to all assets and Drop
rty OF the corporation by public
'rivate sale, and 10 distribute the Ft
eeds.
ARTICLE VIII. This act Of incw
'oration may be modified, changed
ltered, or said corporation may be d
olved, with the assent Of two-thirds I
he entire outstanding capital stOck,
general meeting Of the stockhOltsn
onvened for that purpose, after ps
ious notice shall have been given IN D
anne manner as provided In Article III
or notice of meetings for general se'
ions.
There Is annexed hereto, to be rssi
n connection herewith. an accurate v
allied and itemized description Of IN
roperties consisting Of stocks, BONDS
Their securities to be conveyed to ~
orporation in payment Of the subsrf
lon to its entire capital stock or ~
art thereof as may be decided upon Y
he Board Of Directors, being one ues
and shares of the par value Of w
hundred Dollars each, the said spf
tent showing the amount, locason' y
ent and character of the secunna
herein enumerated, together WIZ .
tatement of the value, as appraisea
he Board of Directors, which Is the W
One Hundred Thousand Dollars a.
ARTICLE TX. In order that ~
harter may serve as the Original ~
cription list, the subscribers ley.
ave indicated below their respe .s
Ignatures the number OF shares OF W.
INSCRIBED fo- by each OF them.
Thus done and passed at my oince
he City of New Orleans, in the pressn
Messrs. W. f. Adolph and is0 n,
cahill. competent witnesses, botn o. -
ty, who hereunto sign their names =.
lie appearers and me, Notary ~ y.
ate aforesaid, after reading
hole. 80
Original signed: W. s. r. Beane, IN
Iurst Street, New Orleans. La, one
lare; 4. c. Walker, 200 CLARENDON % ~
ne. Greenville. s. c., per pro ). Y IN
Inc hundred and ninety seven sd
lares; S. c. Pecot, 243s Calhoun vi