The herald., 1912-08-29

employ such managers, directors, officers,
agents and other employees as the interest
and convenience of said corporation may re-
quire or demand; to make and establish
suen bylaws. rules and regulations for the
corporate management and control of the
business and affairs of the corporation as
may be deemed necessary or expedient.
ARTICLE III.
The dOmicle of said corporation shall be
the City of New Orleans, State of Louisiana
and all citation and other legal process
shall be served on the President, and in his
absence on the Secretary-Treasurer.
ARTICLE III.
The object and purposes for which this
corporation Is organized and the natures of
the business to be carried on by 1t are here.
by declared to be TO carry on and conduct
a general and bonded warehouse and take
storage business to issue and grant negOtia-
BILE warehouse or storage receipts or certi-
ticates, and in connection with and for the
purposes of said business to own, operate,
lease, rent, hire, construct or contract for
the construction and erection Of warehouses,
tanks, and transportation equipments by
land or water for the carrying, receiving,
storing and forwarding of all kinds of mer-
chandise, and generally, to do and engage
in any other business, undertaking or en-
terprise connected with, growing out OF.
germane or incidental to any of the objects
and purposes hereinabove set forth or con-
templated by this charter
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of five thousand
tS5,0O000) dollars, divided into fifty 900
shares Of the par value Of one hundred
lS1OOOO) dollars, each which shall be paid
for in cash, on the call Of the Board OF
Directors, or may be issued at not less than
par for services rendered TO or property ac-
tually purchased by this corporation.
All shares of stock shall be full paid and
on-assesSible. No transfer of stock shall
he binding upon the corporation unless made
on its books and all certificates of stock
shall he signed by such officers as may be
designated by the Board of Directors.
ARTICLE V.
All the corporate powers OF this company
shall be vested in and the management and
control of its affairs shall be exercised by
Board of Directors composed of first
stockholders a majority of whom shall con-
stltute quorum for the transaction of all
business. The Board of Directors shall be
elected annually by ballot Of the stock
on the first Monday OF August of each year,
and after at least ten days notice shall have
been given to each stakeholder by mail ad-
dressed to his last known address, or by
publication in one OF the daily newspapers
published in the City of New Orleans for at
least ten days preceding SNch election Each
stakeholder shall be entitled in person or by
written proxy to one vote of each share OF
stock owned by him and standing in his
name on the books of the corporation. All
elections shall be held under such rules and
Board of Directors. The directors thus
elected shall continue in Office for one year
or until their successors shall have been
duly elected and qualified. No failure TO
elect shall be regarded as forfeiture of this
charter. Any vacancy occurring on said
Board of Directors shall be filled by the
remaining directors for the uneXpired term
Said Board of Directors shall at its first
meeting after its election, elect from among
its number a President. a Secretary and a
Treasurer. 1t may combine the two last
mentioned offices into one and may even
elect a Secretary who need not be a stock
n directors
the right to appoint and dismiss such clerks,
managers and other employees of the cor
poration, including the secretary who Is
not n stakeholder, as conditions may justify
or the business of the corporation require.
The tenure Of office of all the employees of
the corporation shall be during the pleasure
of the Board of Directors.
ARTICLE VI.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation, nor shall any
mere lnformality in its organization have
the effect OF rendering this charter null. or
Of exposing a stakeholder to any liability
beyond the unpaid balance due on the
shares owned by him.
ARTICLE VII.
This act of Incorporation may be changed,
modified or altered or this corporation may
be dissolved with the assent of the stock
holders owning majority Of the stock Of
the corporation at general meeting con-
vened for that purpose, and after each stock
holder shall have been notified in the man
ner and form prescribed in Article V OF
this charter. In case of the dissolution Of
this corporation by the expiration of this
charter or otherwise. the stockholders shall
elect three liquidators from among their
number, to liquidate and settle business and
affairs Of the company. In case of the
death or inability of any of said commits
sioners or liquidators, the survivor or sur
vivors shall eppOint successor or success
sOrs to them.
ARTICLE VIII.
Until the election to be held In August,
1913, the following stockholders shall con-
stitute the first Board Of Directors, viz /:
Samuel VI. Todd, Murice G. Wogan and
Frederick s. Sutherland, with the said Sam
uel NJ. Todd, as President and the said
Maurice G. Wogan, as Secretary Treasurer.
Thus done and passed at my Office In the
City of New Orleans, on the day, month
presence of Theodore A. Beck and Anthony
Troyani, both of this city, competent wit
nesses, who have hereunto signed their
names with the said appearers and me,
notary. after due reading OF the whole.
Original signed Samuel NJ. Todd, )
shares; VI. G. Wogan, 20 shares; +. S.
Sutherland, shares.
Witnesses IT. A. Beck, Ant. Troyani.
ROBERT LEGLER, Not. Pub.
/, the undersigned Recorder of Mortgages
for the Parish of Orleans, State of louisa
foregoing charter of the River Front Tank
Storage Company, was this day duly re-
corded in my Office, in book 1866, Folio
New Orleans, La, August Goth, 1912.
(Signed) EMILE LEONARD, ID. X.
A true copy from the original act.
ROBERT LEGIER Not. Pub.
Aug. %, 30, Sept. 5, IL, 10, 20.