The herald. [volume] (New Orleans, La.) 1905-1953, 1912-06-06
CHARTE
OF THE NEW ORLEANS LIVE STOCK
TRANSFER COMPANY.
UNITED STATES OF AMERICA, STAT
OF LOUISIANA.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA.
Be it known that on this oath day of the
month of April, in the year of our Lord one
thousand nine hundred and twelve and OF
the independence Of the United States of
America, the one hundred and thirty -sixth,
before me, j. Kenton Bailey, notary public,
duly commissioned and sworn, in and for
the parish aforesaid, therein residing, and
In the presence of the witnesses hereinafter
named and undersigned, personally came and
nae, Jos. Maumus, J. VI. Goodwyne, Edward
Avis, Fred Joachim, b. F. Howell, W. ii.
Hodges, J; G. LacroiI, G. H. Rice, e. B.
Perrin. Jones KendricS. B. n Tayior and
VIM. Frank, Jr., all of full age which said
appearers seyerally declared that availing
themselves Of the provisions Of the laws Of
the state relative to the organization of cor
porations for works of public improvement
and other purposes and being DESTROYS of ac-
quiring, enjoying and exercising all the
| rights, benefits, privileges and powers Sc
cured by the laws of this state to such cor
pOration, they do by these presents, cove
nant and agree and bind themselves and such
other persons as may hereafter become asso-
| ciated with them to form and constitute
! corporation and body polite In law, for the
| objects and purposes under the clauses, stip-
ulations and articles hereinafter set forth
and expressed, which they hereby adopt as
| ARTICLE 1.
| The name and title of this corporation Is
hereby declared to be "The New Orleans Live
Stock Transfer Company" and the place cho-
sen for its domicile is hereby declared to be
in the Parish Of Orleans:
ARTICLE II.
| The objects and purposes for which this
corporation Is organized and the nature of
| the business to be carried on by 1t, are
hereby declared to be: the transfer and
transportation of cattle and other animals
| and freight, throughout this state, by lands
| or water, by steam or otherwise, and to eff
| feet to acquire, construct, own and operate
| depots, stock yards, ferries, barges, tugs,
| transfers and such other adjuncts as shall or
may be found desirable and necessary to
carry out the purposes Of this company.
The president, or in his absence, the vice
| prpesident, Is hereby designated as the off,
Ger on whom all citations shall be served.
| ARTICLE III.
The capital stock Of this corporation Is
hereby fixed at the sum Of twenty-five thou
by five thousand (5,0OO) shares OF the value
| of fifty dollars (S50.00) each, payable in
cash at time of subscription.
ARTICLE ".
Transfers Of stock shall be made on the
books of the company only; but no trans
fers Of stock shall be made while there ex-
lists any indebtedness on the part Of the
| owner thereof to the company.
ARTICLE V.
All the corporate powers Of this corpora
tion shall be vested In, enjoyed and exercised
five stockholders, and who shall be elected
annually on the second Tuesday of the
month of April, the first election to be held
on the second Tuesday Of the month Of April,
1913.
All such elections shall be by ballot and
shall be held at the office of the company,
and be conducted by three commissioners to
be appointed for that purpose by the Board
Of Directors and notice of such elections
shall be given by mailing a notice of such
election to each stakeholder of record at his
post Office address at least ten days prior
thereto.
Each stakeholder shall be entitled in per-
son or by proxy to one vote for each share
of stock owned by him, and a majority of
the votes shall elect.
A failure to elect directors on the date
above specified shall not dissolve this cor
poration, but the then existing Board Of Di-
rectors shall continue in Office and shall
cause another election to be held as soon
thereafter as possible upon giving the same
notice of such election, as above provided.
vacancies occurring In said board shall
be filled by the remaining directors and three
transaction of business.
At their first meeting after said election
the Board Of Directors shall elect from
president; they shall also appoint a secre-
tary and all such agents, clerks and other
employees as shall or may be necessary and
ARTICLE vi.
The following named persons are hereby
constituted as the first Board of Directors
and they shall hold Office until the second
iuesudy III april, 1917, or until their sue
cessors shall have been elected and have
qualified, to-wit: John Munford, A. p Per-
rim, j. G. Iacroix, w. III. Hodges Henry
Senac, with the said Jno. Munford as presi-
dent and the said Henry Senac as vice-presi-
dent.
ARTICLE VII.
This corporation shall exist and have and
enjoy succession by Its corporate name for
period Of ninety-nine years from the date
or these presents, and whenever 1t Is dis
solved by limitation or from any other cause
Its affairs shall be liquidated BY three com
missioners to be appointed by the stockhold-
ers at general meeting to be called and
convened for that purpose after thirty days
notice given In one Of the daily papers pub
lished In the Parish Of Orleans.
ARTICLE VIII.
This charter or act of Incorporation NAV
De modified, changed or altered, or said cor
poration may be dissolved with the assent
OF three-fourths Of the stock present or rep
resented at a general meeting Of the stock
holders called for that purpose after thirty
days notice published In one of the daily pa
pers Of the Parish Of Orleans.
ARTICLE TX
No stakeholder of this corporation shall
be held liable or responsible for the con-
tracts or faults thereof In any further sum
than the unpaid balance due the company
on the shares OF stock owned by him. or shall
any mere informally In organization have
the erect OF rendering this charter null or
yond such unpaid balance due on his stock.
Thus done and passed, In my ONCE in the |
city OF New Orleans, on the day, month and |
year first herein above written In the pres |
ence' OF John R. Perez, and Florence Flynn, 1
competent witnesses who have hereunto |
signed with the said appearers and me. no |
tary. aftey reading Of the whole.