The herald., 1914-12-10
CHARTER

OF THE "P. & F. TANK LINE CO., INC
State Of Louisiana. Parish of Orleans,
BE It remembered, that on this 10th d,v Al
November, 1914, before me, Pierre D. OLIVE
notary public in and for the parish Of Or.
leans, state of louisiana, duly Commissioned
ana quaiihed, personally Gang and Appeared
Bedford and NJ. s Standifer, wSs F seeI,,i
70 me- notary, that, aysiling themselves Of
the laws of the state of Louisiana, thew h,y,
formed themselves, and do hereby form then
selves, into body corporate and have adoct.
ed, and do hereby adopt, as their act Of Z.
corporation and charter the following, tovit:
article The name and title of this cor.
toratIon shall be the Up. & F. Tank Linz
Article 1.-The purpose for which hi, chr.
PoIahon is organized. and the nature Of the
business to be carried on by it are hereby
declared to be:
To construct, purchase, own or lease tank
cars Tor the transportation by railroad Of
moIasses, syrup, oil, or other commodities
entering into commerce and trade: and %
THIS end. TO make and enter into with con,
mon carriers doing business in the United
States, or elsewhere, any and ali lawful tr,i
nc and freight arrangements in relation 10
the transportation of such tank cars; and gen.
orally to do all such things as saay be Goa,
s sSSnnentIy incidental to the purpose herein
Article III.-The capital stock of this cor.
Poration shall be fifteen thousand (sls,0p
dollars. "''''"
Article IV.-The said capital stock may be
increased in accordance with law to an
amount not exceeding one hundred thousand
100000 dollars.
Article V.TThe capital stock of the cor:
poratlon shall be represented by one hundred
and nifty QSW shares of the par value Of one
hundred $4,000 dollars
Article El.-The domicile Of the corporr
non snail be IN the city Of New Orleans, state
Article VII.-The period of duration Of the
corporation shall be ninety-nine years.
Article VllI.-All the corporate powers d
ms corporation shall be vested in a board Of
directors TO be composed of four stockholders,
who shall be elected annually by the stoek.
holders on the first Tuesday of the month Of
January OF each year at a meeting OF the
stockholders to be held at the domcile Of the
corporation after notice thereof delivered per-
sohaily; or depositing in the post-oice prop
cry addressed TO each stOckhOder at least
- days before the date of such meeting.
me election OF directors shall be by ballot
anu esch snare OF stock shall be entitled 70
oIie vole, and majority of the stock presen
VI represented at such meeting shall be nee
essary to elect.
Each board of directors so elected shall con
t I IN once until their successors have been
duly elected and qualified.
vacancies on the board of directors occur.
ring oy death, resignation, or otherwise, may
oe hiied by election by the remaining dree
Each board of directors shall elect from 10
own number president, one or more vice
presidents and a secretary. treasurer WHOSE
powers and duties shall be such as may b
prescribed by tbs bylaws of the corporation
directors for the first year, who shall serv..
until their successors are duly elected ana
qualified, shall be: William S. Penick. Nsv
orleans, La; James P. Ford, New orle,ns.
Standifer, New Orleans, La.
The officers for the cornoratiop for the hT
year who shall serve until their suecesson az
GUY elected and qualified, shall be: Willisn
,. fenick, president; James p. Ford, VIC
president; F. 7. Bedford, yice.president; n
Standiter, secretary-treasurer
Article IX.-The names and post-ofhee a.
dresses OF the subscribers to these articles =
Incorporation, and the number Of shares
stock which each agrees to take, are as Tor
lows: William S Penick, IS shares; Jane
r Ford, Is shares; F. t. Bedford, "A shares
NJ s. Standifer. share
In testimony whereof the said parties bsw
hereunto signed their names in my presene
ana IN the presence Of John L. Rchmond aa
Thomas A. Bass, undersigned competent VI
nesses at New Orleans, Louisiana, on ~
DAY, month and year first above written si'a
duly reading the whole;
The original is signed: Vim. s. Peniek,
?; Ford, Fred T. Bedford. by Wm. S. PenisN
M; s. Standifer.
Witnesses: John L. Richmond. TsOs. =
PIERRE D. OLIVIER, Notary Public
/. the undersigned recorder Of mortg,sst
IN and for the parish Of Orleans, state y
louisiana, do hereby certify that the ao'
and foregoing act Of incorporation Of the 4,
+. Tank Line Co., Inc, was this day guy
rtsprded in my office in book ~ folio :
(Signed EMILE J. LEONARD, Dt
1 certify the above and foregoing 70 %
true copy Of the original on hle and OF reo"'
in my Office.
PIERRE d. OLIVIER. Notary Pubic
nov 10 % dec 3 10 II a