The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29
CHARTER OF STEWART BROS. COT
TON CO. INC

United States of America. State of Louis
lana, Parish of Orleans. Be IL known, that
on this 23rd day of the month of June. in
the year of our Lord one thousand. nine
hundred and twenty-five, 1922 and of
the Independence of the United States OF
America. the one hundred and forty-sixth.
before me- Watts X. Leverich. a notary
public duly commissioned and qualified.
in and for the Parish of Orleans. State of
Louisiana, therein residing and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared, the several persons whose
names are hereunto subscribed, who de-
clared that. availing themselves of the
laws of this State relative to the Organi-
ZatiOn of corporations. they have cove
nanted and agreed. and do by these pres
ents covenant. agree, bind, form and con-
stitute themselves, as well as such persons
as may hereafter Join or become assOciat-
ed with them, into corporation or body
polite in law. for the objects and pur-
poses and under the agreements and stip-
ulations following, to-wit:
ARTICLE THE name and title of this
corporation shall be Stewart Bros Cotton
Co. Inc, and under its corporate name 1t
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; to accept and receive mortgages,
pledges or other hypOthecations; to make
and use a 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 hy
pothecate under it's corporate name pro-
perty 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 and otherwise; to
subscribe to and hold stock in other cor
poratiOns; to acquire, hold and reissue
shares of its capital stock; to carry out
all of the objects and purposes hereinafter
set out: to name and appoint such man
a nffiRQrS
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 regula-
tions for the management and regulation
of the affairs Of the corporation as may
be necessary, proper or convenient: and
generally to do all such acts and things
as trading corporations are authorized
to do under the laws of the State Of Louis
lana.
ARTICLE 1.-THE domicile Of this cor
poration 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 III-The objects and purposes
for which this corporation is organized
and the nature Of the business to be car
ried on by it are hereby declared to be:
To purchase or otherwise acquire, and to
sell or otherwise ALLEVIATE or dispose of.
and to mortgage, pledge, hypothecate, ex-
port and deal in cotton and other agri-
cultural products, spot and future; to do
general cotton merchandising and ex-
port business; to do general commission
factorage, mercantile, warehouse and
manufacturing business in connection with
cotton or any other staple product; to
purchase, sell and deal in stocks, bonds.
commercial paper, obligations and securi-
ties Of other individuals, firms or cor
porations; to carry on general invest
ment and underwriting business: to pur-
m col
mortgage, pledge. or otherwise deal in
and dispose Of real/o personal property.
plantations and /or city and Tor town
property; to exchange its entire capital
stock. or any part thereof. for property
which II is authorized to acquire; to ex-
chnage its entire assets and business. or
any part thereof, for property, stocks,
bonds, or other obligations Of other com
panies, firms or individuals; and gene
ally to do all acts and things necessary,
cShvenlent or appropriate to the accom-
plishment OF any OF said purposes or ger
name thereto.
ARTICLE Iv-The presently authorized
capital stock Of this corporation is hereby
fixed at the sum of one million $1,000
OOOOO) dollars. divided into and represent
ed by ten thousand 100000 shares of the
par value Of one hundred (S100.OO) dollars
per share. The amount Of said stock NAV
be increased to five million (s5,OOO, 600 OO)
dollars.
ARTICLE v-No transfer Of stock shall
be binding upon the corporation unless
and until made and recorded upon its
books. No stakeholder shall have a right
70 TRANSFER or convey any of his or her
stock In the corporation unless and until
he or she shall have first made a written
offer to the other then stockholders Of the
corporation and to the corporation itself.
to sell his or her stock to them at the
book value thereof. Book Value" as used
herein Is hereby defined to mean the value