The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-03-01
CHARTER
Of The Techc Transportation and
Fuel Oil! Company, Ltd.
STATE OF LOUISIANA,
PARISH OF ST. MARY, (

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PARISH OF ST. MARY.
Be it known that on this 25th day OF Feb
ruary, 1902, before me, Charles Austin O'Nicii
a Notary Public, duly commissioned ant
qualified within and for the PARISH OF 81
Mary, State of Louisiana, and III the presence
of the witnesses hereinafter named and un
dersigned. personally came and appearet
Joseph Brig, ESQ, clyde A.. barbour. Esq.
and William W. Sutciffa, Esd, residing II
the Parish OF st. Mary. except said Sutcliffc
who resides in New orleans, State OF LOUIS
lana, who seyerally declared unto me, sait
Notary, that, awaiting themselves or the laws
of the state of Louisiana, providing TOR tht
organization of corporations OF limited ia
bility, they do, 10y these presents, tor them
selves and for those who may hereafter be
come associated with them, form ana organ
Yea corporation and body polite in law IN
der the style and for the objects and pur
poses and according to the agreements, sti
pulations and provisions hereinafter set forth
viz:
ARTICLE I.
III ename of this corporation shall be, and
is, TIE TECHE TRANSPORTATION AND
FUEL OIL CO., LIMITED, by which name
said corporation shall have and enjoy its cor
porate existence and succession for the
term of Ninety nine (@9) years from and after
the date hereof, unless sooner dissolved ac-
cording tG law; and under said corporate
name it shall have power to contract, to sue
and be sued, to make and use corporate
seal and the same to break and alter at its
pleasure; to hold, receive, lease, purchase,
w = !,
and hypothecate. under its corporate name,
both read and personal property; to borrow
and loan money; to give and receive security
therefor to name and appoint such manag-
ers, directors, officers, agents and employees
as the Interests of the said corporation may
require; and to make and establish such
rules, regulations and by laws as may be
deemed necessary or convenient and the
same to amend and alter mt pleasure.
ARTICLE III.
The domcle of this corporation is declared
to be in the parish of st. Mary, Louisiana ::
ana all legal processes shall be served upon
this President of this corporation, and, in
case of his absence, upon the Vice President,
and in case of the absence OF both, then upon
the Secretary and Treasurer.
ARTICLE III.
The objects and purposes for which this
corporation is established, and the nature
of the business to be carried on by it are To
purchase steamboat or steamboats, and the
necessary barges to carry on general trans
pOrtation business, and especially to tow fuel
oil and distribute same to consumers; and
to this end, the said cooperation shall have
steamboats, barges and all necessary water
craft to establish wharveS, warehouses, der
ricks, storage tanks and all necessities and
convenienccs for the carrying on OF the
transportation business.
ARTICLE "
The capital stock of this corporation is
fixed at the sum of ten thousand dollars
(slo,00D, represented by one hundred COO
shares of the par value of one hundred dol
lars (s1oO) each; with capital stock may be
increased in compliance with the laws Of the
state OF Louisiana. III such case made and
provided. And eighty shares OF the said
capital stock being subscribed for by the
aforesaid appearers and being all paid for in
cas- h, this corporation shall commence BUSH
ness and be Il going concern Immediately
from and after its organization.
ART Gle Y.
Transfers of stock shall not be permitted
otherwise than upon the books Of the cor
poration by the Secretary or under his direc-
ton. No stakeholder shall be permitted to
transfer his stock while in any manner in
debted to this corporation.
ARTICLE vi.
All of the corporate powers of this corpo-
ration shall be vested in and all of its affairs
and directed by a board of three
directors who shall be elected annually
At a meeting Of the stockholders to be heidi
with tho frs: Monday OF March,
1909. Each stockholders shall be entitled to
one vote for each share of stock standing in
his name, to be cast either in person or by |
written proxy, and "A majority of votes cast |
shall elect. The directors shall hold Office |
for the term of one year and until their sue |
cessOrs shall have been elected and quail |
fed The said board Of directors shall elect |
from the members of said board, a president |
and a vice president and a secretary and /
and the office OF secretary and |
shall be held by one and the same |
person. In the event of vacancy on the |
board of directors occurring from death, re-
'ignatiOn or otherwise, the remaining mcln-
,ers shall fill the vacancy uni! the next
election. The said directors shall have pow
n to make and establish all necessary rules,
~ laws and regulations for the govern
nent OF the said OrpolatiOn; and to APP
,oint General Manager and a II other off.
:ers, clerks, agents, representative and
employees, as in their judgment may be
leemed necessary for the conduct of the
business of this company and to fix their
nd ha1l |
light TO discharge or release any employee
t pleasure. The President, or in his ABB
ence, the Vice-President, shall cali all
meetings. OF the board Of directors anu
hall preside over them whenever he NAV
leem 1t expedient or necessary; and be
hall b We the right to vote at a meeting
he same as any other member. Two mem
ers OF the said board of directors shall
onstitute quorum. T.
ARTICLE VII.
The first board Of directors shall be COM
osed Of Joseph Brig, CLYDE A. Barbour,
nd William W. Sutcliffe; and the said
'lyde A. Barbour shall be President of the
aid corporation and the said William w,
utcli1e shall be Vice President and said
oseph Brig shall be Secretary and Treas.
rer. All meetings Of the Board of Direc-
rs shall be preceded by ten days. publi-
ation IN any newspaper published in the !,
own OF Franklin, or by notice in writing
erved up each of the stock holders, or
laifed to them at their repured postoffice
addresses; but this notice can be waived.
owever, by any stakeholder.
ARTICLE VIII.
Whenever this corporation is dissolved,
lther by limitation or otherwise, it's af.
hrs shall be lIquidated by liqnidators to c
selected by the Board of Directors at v
eneral meeting convened in accordance t,
18th Article IN of this charter. The said I
QaldatoB shall remain in office until af- II
T the affairs of this corporation shall =
fully liquidated. Ia the event of the :.
ath Of any Of the liquidaturs, or of a. 81
cancy from any other cause. the said t
cancy shall at once be filled by the II
ectiJn Of another liquidatnr by the res $;
sining Stockholders. a.
ARTICLE TX. -
This act OF incorporation may be L
lnged, altered or amended or the said Ia
operation dissolved by xote of three b!
rths t3-4) in amount of me capital W
X represented at a meeting of the ~ =,