The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1902-03-22
CHARTER
OF The Teche Transportation ana
Fuel Oil Company, Ltd.
STATE OF LOUlSlAN a,
p.prcuoE ST. MARY,

PARISH OF ST. MARY. ! |
H., Il known, that OH this 18th day OF rep
mary 1902. before me, Charles Austin y \ lcli;
= Notary Public, duly commissioner anu
qualified within and ior tf =, tha nrcsrncc
~ tie witnesses hereinafter named anu uil,
Jcrsiuncd. personally came ana appeareo
Joseph Hirs k;4, tIy itf, II Is nai residing III
~. Parish of st. Mary, except sald SntcllHe'
mo resides in New Orleans state OF LOUIS
lana, who scverai!y deciarco uii.o 20 IN iaws
Notary, that awaiting themselves OF tne iawa
- thr State of Louisiana, proFidinS LOT ,nc
,uunnization of corporations OF iisiltcu IA
blity they do, hy th.1e prcs a,, i. ra,fter he
.n,,c associated with them, form ana organ
,zau corporation and body politic IN law I'M
~ the stylc and for the objects ana put-
roses and accordin" to the agreements sti
ipuI.,tions and prov hereinafter set FORTH
VIZ. ,,rCI
MA. ,,,ne Of this corporation shall be, and
Il TuE TECHE TRANSPORTATION AND
Fri. OIL co, LIMITED, by which maine
said corporation shall have ana enjoy ts c NJ
nnr,,c Existence and succession lot thc
t,r,n Of Ninety nine &c years from ana aiter
The date hereof. unless sooner discover nc
cording t. law ana und'r sau coi toi"to
,,,,,,. Il shall have power to contract, 10 sue
mI lao sued TO make and use corporate
arul and the same to brcak ana after at us
Measure: to hold, receive, lease, purcnasc,
s,Il and otherwise convey ana 10 moItSaSe
nd ,uothccate. under It's corporate name,
10th real and personal property, 10 borroM
and loan money; to give ana receive secuins
th.rcfor: to name and appoint such liihlaS-
crs directors, officers, agents ana employees
as the interests Of I l,c said corporation may
rcuuirc; ana to make ana establish s"G'i
rules re rulatiOnS ana -! laws as MA! ne
ian,ncd NECESSARY or convenient ana the
same to amend and alter at picasuit'
ARTICLE Ill.
The ,onicile Of tiii, corporation Is ucciarcu
~, ali local processes -hall be served upon
th. President Of this corporation, anu, "
cnse nf his absence. upon the VICE PRESIDENT
and in case of the aDscnccoI poth, 'heh upon
the Secretary and treasurer;
Wv ARTICLE III.
TIL, objects and purposes for which TINS
cornorutiou is established, ana the nature
.,t bo husinrss to he carried ON by it are: To
purchase steamboat or steanDoats anu the
NECESSARY bargcS to carry on Il general trahs
nnrt,tion business. and especially to tow fuci
XII .,mI distribute same to consumers; and
TO this end the said corporation shall nave
authority to purchase, tease, Pt anu n.ie
steamboats, barges and all necessary wafer
crnft to establish wharyes, warehouses, der,
rick-, storage tanks and all necessities anu
corycnicnccs for the carrying on OF the
transportation business
ARTICLE ".
The capital stock OF TINS corpoIatioIm, -
fixed ut the sum of ten Thousand doi,ars
(slO,OOO, represented ny one h hIndred , JO
lars $500 each; with capital STOCK may De
alliance with the laws OF the
r r"EiGf siccE boinv asiss4S No: ~ s;s
Aforesaid appcarers and being all paid for IN
cas- h. this corporation shall commence bust
ness and be "a going concern Immediately
from and after its organization.
ART Gle V.
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 i'll any manner in
debted to this corporation.
ARTICLE VI.
Hnllrs
managed and directed by a board of three
directors who shall DO elected annually
nj a meeting Of the Stockholders to be held
on the first Monday of March of each year,
commencing with the first Monday of March,
1873 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 aud until their sue
cessors shall have been elected and quail.
fled The said board Of directors shall elect
from the members of said board, Il president
and a vice president AID secretary and
treasurer; and the office of secretary and
treasurer shall be held by one and the same
person., In the event OF Il vacancy OH the
board of directors occurring FROM death, re.
signatiOn or otherwise. the remaining mem.
bcrs shall I'LL the vacancy until the next
election. The said directors shall have pow.
CIR To MAX ana establish all necessary rules
bylaws and regulations for the govern
ment of the said corpoi alton; AMI TO an
point Il General Manager and a II other Off.
GERS, clerks, agents, representatives and
employees, as in their judgment NAV be
deemed necessary for the conduct of the
business OF this company and to fix their,
compensation. And they shall hp,.vyec
right TO discharge or release a,-1n his abb
at pleasure. The Presi.tni. shall call all
sence the yia~-p0ard OF directors and
meetin s--rfe ol err them whenever he may
-.ecm it expedent or necessary; and he
shall have the right to vote at a meeting
hn tI.,,. M. |
bers OF the said board of directors shall
onstitute a quorum.
ARTICLE VII.
The first board of directors shall lie com.
posed OF Joseph Brig, Clyde A. Barbour.
and William W. Sutcliffe; and the said .
clyde A. Barbour shall be President OF the
said corporation and the said William ~
Sutcliffe shall be Vice President and sail
Joseph Brig shall be Secretary and Trea.. l
urer. All meetings the Board of Uirrc. l
tors shall be preceded by ten DAYS pukli- !
cation IN any newspaper published in the !
own OF Franklin, or by notice in writimr
served up n each of the stockholders. or b
nailed to them at their repu,ed uostoifc cs a
addresses; but this notice can be waived. u
however, by any stakeholder. e
ARTICLE VIII. \
Whenever this corporation is dissylycd. :.
ithcr by limitation or otherwise, It's az d
airs shall he lIquidated by liumiiatorS to CO
70 selected by the Board of Directors AT n "
eneral meeting convened in accordancc tn
nth Article IN of this charter. The soid {;
qnidators shall remain in Office until af. ~
r the affairs of this corporation shall n
@ fully liqnidated In the event Of the =, -
cath of any Of the liquidators, or of a si1
acancy from any other cause the said to-
D60pcy shall NJ once be filled by tho ID
n of another Humiliation hy tho w.. sal
stock holders. an
RTICIEI ~ tn,
incorporation may be moi
or amended or the said Ian
Ceu by II vote of three by
\Qunt of The pani,,) we
"a meeting of tha rig
'''o "a 'uC IF .