The herald. [volume] (New Orleans, La.) 1905-1953, 1914-12-03
CHARTER

OF THE "P. & +. TANK LINE Co, INC"
State Of Louisiana, Parish Of Orleans
lie IL remembered, that on this 10th dav of
November, 1919, before me, Pierre ID. Olivier,
notary public IN and for the parish Of Or.
leans, state of Louisiana, duly Commissioned
ana qualined, personally and appeared
William ,. Penlck, James Z. Ford, Fred T.
Bedford and NJ. ). Standifer, who declared
to me, notary, that awaiting themselves of
me laws OF the state of Louisiana, they have
formed themselves, and do hereby form them.
selves, into body corporate and have adopt.
ed, and do hereby adopt, as their act of m.
corporation and charter the following, to.wit:
Article The name and title Of this cor.
poration shall be the p & f. Tank Line
Co., Inc" ~
Article 1.-THE purpose for which this cor.
Porauon IS organized, and the nature OF the
business 10 De carried on by 1t are hereby
declared TO be:
10 construct purchase, own or lease tank
cars Tor the transportation by railroad of
molasses, syrup, oil, or other commodities
entering into commerce and trade: and 10
this end, TO make and enter into with com.
mon carriers doing business in the United
states, or elsewhere, any and all lawful traf.
nc and freight arrangements in relation 10
the transportation of such tank cars; and gen.
orally to do all such things as may be CON.
vfenlently incidental to the purpose herein
Article III.-The capital stock of this cor.
PoTation shall be fifteen thousand CSl5OOO
Article IV.-The said capital stock NAV be
increased in accordance with law 10 an
amount amount not exceeding one hundred thousand
SlOO,OUO) dollars.
poratlon shall be represented by one hundred
and nifty tl5O shares of the par value Of one
hundred $4,000 dollars
Article Nl.-The domicile of the corpora
uoh shall be IN the city of New Orleans, state
OF Louisiana.
Article VII.-The period of duration of the
'oi PoidtloT ShaiI be ninety-nine years.
Article Nlll.-All the corporate powers Of
ms corporation shall be vested i'll a board Of
directors TO be composed of four stock holders
VINO snail be elected annually by the stock
IoIuefs on the hrst 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-
Sonally, or depositing in the post-ofice prop
erly addressed to each stockbolder at least
ID days before the date of such meeting
Inc election of directors shall be by ballot,
ana each snare OF stock shall be entitled to
one vote and a majority Of the stock present
OF represented at such meeting shall be
esSary TO elect.
Each board of directors so elected shall con.
| tinue IN office until their successors have been
| duly elected and qualified.
| vacancies on the board of directors occur
| ilhg by death, resignation, or otherwise, may
| tors.
Each board of directors shall elect from its
own number a president, or more vice
! powers and duties shall 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
| quallhed, shall be: William s. Penick New
Orleans, La; James P. Ford, New Orleans,
La; r; L. Bedford, New York, N Y, NJ. S.
| Standiier, New Orleans, La.
| The officers for the corporation for the first
year, who shall serve until their successors are
duly elected and qualified, shall be: William
>. Penick, president; James +. Ford, vice
president; +. I. Bedford, vice president; NJ s.
| Stand fer, secretary
| Article lN.-Ihe names and post-offce adj
dresses OF the subscribers to these articles OF
Incorporation, and the number OF shares Of
STOCK which each agrees TO take. are as fol-
| lows: William s. Penick, Is share James
| r Ford, Is shares +. T. Bedford, q shares;
M. ). Standifer, l share.
In testimony whereof the said parties have
hereunto signed their names in my presence,
and IN the presence of John L. Richmond and
| lhomas A. Bass, undersigned competent wit
nesses at New Orleans, louisiana on the
gay, month and year first above written after
duly reading the whole.
The original is signed: VIM. s. Penick, J.
NJ. S. Standifer.
Witnesses: John L. Richmond Thos. A.
Bass.
PIERRE D. OLIVIER, Notary Public
1, the undersigned recorder Of mortgages:
in and for the parish Of Orleans, tate of
LOUISIANA, do hereby certify that the above
and foregoing act of Incorporation Of the I.
" +. Tank Line Co., Inc, was this Gay duly
recorded in my office in book ll2T folio -
New Orleans, November 10 1914 N
(Signed) EMILE J. LEONARD, Dy X.
l certify the above and foregoing - be
true copy of the original on file and 81 reeofu
in my office.
PIERRE D. OLIVIER, Notary Public.
:! nov 10 26 dec , 10 II "a