The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-03-15
CHARTER
OF The Teche Transportation and
Fuel Oil Company, Ltd.
STATE OF LOUISIANA
PARISH nE ST. MARY.

STATE OF LOUISIANA, I
PARISH OF ST. MARY.
re II known. that OH this 25th day of Feb
ruary 1902 before me, Charles Austin . Mel
a Notary Public, duly commissioned ana
qualified within and for the parish OF 81
of the witnesses hereinafter named ana un,
dersigned. personally came and appeared
Joseph Brig, Esq, Clyde A.; Barbour. Esq.
and William W. Sutcliffe, Esq, residing in
the Parish of st. Mary, except said Sutcliffe,
who resides in New Orleans. state or Louis.
Jana, who seyerally declared unto me, said
Notary, that, availng themselves OF me laws
of the State of Louisiana, providing lot tne
organization of corporations OF limited la
bility. they do, by these presents, for them
selves and for those who may hereafter be-
come associated with them, form and organ
iZe IA CORPORATION and body polite in law I'M
der the STYLE and for the objects and pur-
noses and according to the agreements, sti-
pulations and provisions hereinafter set forth,
viz:
The name of 'khs corporation shall he, and
is, THE TECHE TRANSPORTATION AND
FUEL OIL Co, LIMITED, by which name
poratc existence and succession for the
term of Ninety nine t99) years from and after
the date hereof, unless sooner disSOived ac-
cording tC law; and under SAID corporate
name it shall have power to contract, to sue
and be sued, to make and use a corporate
seal and the same to break and alter ut its
pleasure; to hold, receive, lease, purchase,
sell and otherwise convey and to mortgage
and hypothecate, under its corporate name,
both real and personal property; to borrow
and loan money; to give ana receive security
therefor; to name and appoint such manag-
crs, directors, officers, agents and employees
as the interests of the said corporation may
require: and to make and establish such
rules, . yulatons and by laws as may be
deemed necessary or convenient and the
same to amend and alter at pleasure.
ARTICLE Ii.
The domicile of this corporation is declared
to be in the parish of st. Mary, Louisiana; ;
the 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 a general trans
portation business, and especially to tow fuel
oil and distribute same to consumers; and
to this end, the said cooperation snail 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 Nv.
The capital stock of this corporation is
fixed at the sum of ten thousand dollars
J,
shares Of the par value of one hundred dol
lars ($1O0) each; with capital stock may be
in compliance with the laws Of the
State Of louisiana, IN such case made and
capital stock being subscribed for by the
aforesaid appearers and being all paid for in
cash, this corporation shall commence bust
ness and be Il going concern Immediately
from and after its organization.
ART Gle V.
Transfers ofstOck 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 board of three
who shall be elected annually
on the first Monday OF March Of each year.
with the first Monday of March
1903. Each stockholders shall be entitled to
one vote for each share of stock standing in |
written proxy, and 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 I
fed. The said board OF directors shall elect |
from the members of said board, president l
aud vice president and secretary and /
treasurer shall be held by one and the same |
person. In the event of a vacancy OH the /
board of directors occurring from death, re-
signation or otherwise, the remaining mem
)erS shall I'LL the vacancy until the next
election. The said directors shall have DOW
n toImake and establish ali necessary rules,
bylaws, and regulations for the govern
nent OF the said corpol alton; and to ap-
point General Manager and all other Off
GERS, clerks, agents, representative. and
as in their Judgment may be
leemed necessary for the conduct of the
business OF this company and to fix their
And they shall have the
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 it .expedient or necessary; and he
hall hsveth right to vote at a meeting
he same as any other member. Two MEM
'ers OF the said board of directors shall
onstitute quorum.
ARTICLE VII.
The first board of directors shall be com. |
'osed Of Joseph Brig, Clyde A. Barbour,
nd William w. Sufcliffe: and the said
hyde A. Barbour shall be President Of ' the
aid corporation and the said William w.
'utclne shall be Vice. President and said
oseph Brig shall be Secretary and Treas | ]
'rer. All meetings of the Board of Direc- /!
ors shall be preceded by ten days publ !!
auon IN any newspaper published in the
O"H u rraukIin, or by notice in writing |
erved upon each Of the stockholders. or
nailed to them at their reputed pOstofice
ddresses; but this notice can be waived.
oweyer, by any stakeholder. z
ARTICLE VIII.
whenever this corporation is dissolved.
ither by limitation or otherwise, it's af- :
airs shall be llquidated by liquidators to 6
selected by the Board Of Directors At a =
eneral meeting convened in accordance t
nth Article TX of this charter. The said {
qaldators shall remain in Office until af- Z
= the affairs of this corporation shall )
> fully liquidated. Ia the event of the y
sath of any of the 1iquidators. or Of a Z
lcancy from any other cause the said L 8
IceAcy shall at once be filed by the i
lesion OF another liquidator BY the res =
aiming stockholders. IL
ARTICLE TX, IL
This act OF Incorporation may be =
shked, altered or amended or the said ].
operation dissolved by vote of three b
lrths (3-4) in amount Of the capital y
c6 represented at meeting OF the 9
ckholders convened after thirty (30) .
q previous notice Of such meeting q