The herald., 1914-11-19
CHAR TER

OF THE "P. y +. lam LINE Co, INC
state OF Louisiana, Parish OF Orleans
BE II remembered, that on tins 10th day OF
November, MA, before me, Pierre ID. OIIviCr,
notary public III and Tor the parish OF Oh
leans, stale OF Louisiana, duly commas stoned
and quauued, personally came and appeared
~ liIldm :. ieHICk, James +. Ford, bred /.
Bedford and VI. =. StaudIicr, who declared
60 mc, notary, that, awaiting themselves OF
The laws OF the state OF Louisiana, they have
formed themselves, and do hereby form them
selves, INTO body corporate ana have adopt
cd, and do hereby adopt, as their act OF IN
corporation and charter the following, tO-wlt:
Article l.-lhe name and title OF tins
poTatIon snail he the p. y +. Tank Line
o., Inc
Article 1.-THE purpose for which this cor
porduOn Is organized, and the nature OF the
business 10 be carried on by 1t are hereby
declared to be:
10 construct, purchase, own or lease tank
cars tor the transportation by railroad OF
uolasses, syrup, on, other commodities
entering into commerce and trade; and, to
this end, To make and enter into with COM
mon carriers doing business IN the United
States, or elsewhere, any and all lawful trdt-
nc and freight arrangements relation to
the transportation of such tank cars; and, gem
orally to do all such things IS may be CON
vemently iucIdenta! 10 the purpose herein
above expressed.
Article lII.-Ihe capital stock OF this cor
Iordtlon shall be fifteen thousand (SlSOUQ)
dollars.
Arucle IV.-The said capital stock may be
increased III accordance with law to an
amount not exceeding one hundred thousand
$4,000 dollars.
Article N.-Ihe capital stock OF the cor.
poIation shall be represented by one hundred
and NIFTY ll5O) shares OF the par value OF one
hundred $4,000 dollars.
Article Nl-lhe dOmIcIle Of the corpora
ton shall be IN the city OF New Orleans, state
OF Louisiana.
Article Nll.-The period of duration Of the
corporation shall be nInety-nIue years.
Article Nlll-All the corporate powers Of
this corporation shall be vested III a board OF
directors TO be composed OF four stockholders,
who shall be elected annually by the stock
holders on the trst Tuesday of the month of
January OF each year at a meeting OF the
stockholders to be held at the domiclle OF the
cooperation alter notice thereof delivered per
sondlly, or deposIung IN the pOst-otflce prop
eTly addressed to each stakeholder at least
Is days before the date of such meeting
The election OF directors shall be by ballot.
and each share OF stock shall be entitled to
one vote, and majority of the stock present
OF represented at such meeting shall be nee
csSary TO elect.
Each board Of directors SO elected shall con.
unue IN otnce until their successors have been
duly elected and qualified.
Vacancies on the board OF directors occur
ring by death, resignation, otherwise, may
be hlled by election by the remaining direc-
tors.
Zach board Of directors shall elect from its
| own number president, or more vice
presidents and a Secretary-treasure whose
powers ana duties snail be such as may be
| prescribed by the bylaws of the corporation.
The names and addresses OF the board OF
directors for the first year, who shall serve
| until their successors are duly elected and
qualified, shall be-: William S Penick. New
Orleans, La; James F. Ford, New Orleans
| La; +. /. Bedford, New York, n. y, NJ S
| Standifer. New Orleans, La,
The officers fon the corporation for the first
year, who shall serve until their successors are
| duly elected and qualified, shall be: William
y PenIck, PRESIDENT; James p. Ford, vice.
| president; F. T. Bedford, vice president; NJ. s
| StandIter secretary treasurer.
| Article lN.-The names and post-office adj
| dresses OF the subscribers to these articles OF
| incorporation, and the number of shares OF
stock which each agrees 10 take, are as fol
| lows: William :. PenIck, IS shares; lame.
7. Ford, p shares; +. +. Bedford, "a shares
| NJ. ). Standifer, | share.
! In testimony whereof the said parties hay,
| hereunto signed their names in my presence
and III the presence of John l.. Richmond anC
| Thomas A. Bass, undersigned competent wit
neSses at New Orleans, Louisiana, on IN,
| day, month and year first above written aftei
! duly reading the whole.
The original is signed: VIM. s Penick 7
| + Ford, Fred I. Bedford by VIM. s. Penick
| NJ. s. Standifcr
Witnesses: John L. Richmond, Thos. A
Bass.
PIERRE d. OLIVIER, Notary Public.
| !, the undersigned recorder of mortgages
| IN and for the parish of Orleans state o
LOUISIANA. do hereby certify that the abov,
x +. Tank Line Co.. Inc, was this day dull,
recorded in my Office in book ll27, folio =
| New Orleans, November 10, 1914
| (Signedl EMILE J. LEONARD, by. r
l certify the above and foregoing to be
true copy OF the original on file and of recor
PIERRE D. OLIVIER, Notary Public
| nov - % dec ; 10 II "a