The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-21
CHARTER
CHARTER
OF LEVERICH GRAIN COMPAN'

CHARTER
! OF LEVERICH GRAIN COMPANY, INC
| United States of America, State of Louisiana
Parish of Orleans, City of New Orleans
| Re il known that on sus 18th day OF the
| month of September in the year OF our Lord,
/ one thousand nine hundred and fifteen, and
/ OF the independence OF the lifted States OF
| America the one hundred and fortieth before
me, Watts X Leyerich. notary public duly
/ commissioned and qualified IN and for the
| city OF New Orleans and the parish Of Or
! leans, therein residing and in the presence
! OF the witnesses hereinafter named and under
sIgud. personally came and appeared the per
sons whose names are hereunto subscribed,
who declared that, avaIling themselves Of the
provisions OF the general laws OF this state
relative to the organization OF corporations,
| they have Coveuanted and agreed, and do by
these presents covenant and agree, bind, form
and constitute themselves, well such
other persons as may hereafter JOIN or become
associated with them, into an association and
body polite in law for the objects and pur-
! poses and under the agreements and stpua-
tons following, to-wlt:
Article The name Of this corporation
shall be the Leverich Grain Company, Inc,
under which name it shall exist for period
Of uInety-niue tyyJ years from the date Of tins
act. and shall have and enjoy all the power
and authority conferred by the constitution
and laws OF the state Of Louisiana upon cor
poratIouS formed for the purpose OF engaging
. in the business hereinafter stated, as well as
, the power 20 purchase, sell, mortgage and
pledge property, movable and lmmOvable, for
the purpose and requirements OF their bust
T ness.
Article 1.-THE domicile Of this corporation
shall be in the city Of New Orleans. parish
OF Orleans State OF Louisiana. All citations
and other legal process and notices shall be
served on the president OF the company. and
in his absence, on the vice-presldcnt and IN
his absence, on the secretary, and IN ms alb
senCc, on the treasurer.
Article III-The capital stock Of this com
pany shall he ten thousand (SlOpDOUJ) dol
! lars, divided into one hundred 600 shares
Of the par value Of one hundred $4,000 dol
! lars each, and to be fully paid for in cash or
! its equivalent in property. The certificates OF
shares OF stock shall be signed by the presi-
! dent and by the secretary, or IN the absence
| or inability to act OF the president, by the
! viCe-presideut, and i'll the absence or inability
! 10 act OF the secretary, by some officer desIg-
| mated in has place by the board of directors.
| Said stock shall be transferable only on the
| books OF the company and on the surrender
or due proof OF loss of the original certificate.
| The capital stock may be increased to one
hundred thousand CSl0O,OOOOD dollars.
| Article IN.--The purposes Of the corporation
| and the nature of the business intended TO be
| carried on by 1t are declared to be; 10 carry
| on a general domestic, export and import bust
| ness in grain, grain products, hay, cotton seed
| products, merchandise, goods, wares, food pro.
ducts and commodities OF every sort, kind
| or description; to buy and sell SAID articles
2
| 20 act as agent in the handling OF same and
! for the consignment of vessels; and generally
20 do all things that may be required IN or
/ convenient for accomplishing the purposes
I herein above set forth, and TO make all con-
| tracts requisite or expedIent to the accom-
| plishment of said purposes, and TO do ana per
| form all acts incidental and necessary 10
carry out the objects and purposes herein de-
Clared.
Article V.-All powers of this corporation
| shall be vested in and exercised by board
! of not less than three or more than seven d.
rectors each of whom shall own at least one
directors shall be elected by the stockhOld-
ers at a general meeting to be held on the
first Monday of July of each year. The board
, shall elect out OF its number a president a
vice president, secretary and treasurer
and NAV combine any Of these OtnceS and con-
fer the same on one person. A majority OF
the board shall constitute quorum ana eN-
ercise all the powers OF the board and any
director may at any time give his power OF
attorney to another person selected by him,
and in either case the director thus represent
! ed bv proxy shall be counted Tor all purposes
as if personally present at all meetings OF the
board Of directors.
The board shall have cover to make and
alter at pleasure all bylaws, rules and regu-
: latious Tor the conduct OF the companys bus
mess. Directors and officers shall continue IN
office until their successors are elected ana
: qualified, and failure to elect directors at any
/ meeting snail IN no HldllllSL dANNt an
! alton Vacancies occhrrlng IN the board OF
| directors shall be filled by the remaining
/ members of the board by selection from the
| other stockholders.
| Until the next general meeting TO be held
under this charter, viz, on the first Monday
| of Iuly 1916. the board of directors OF this
| company shall be composed OF Henry Lever
| ich, 1928 Josephine street, New Orleans La.
| John Feunellv, 300 Warwick Boulevard, Nan
4 sas CITY, Mo; and n. f. Carpenter, oO2l
! Brookside Boulevard, Kansas City, Mo, with
Henry Leverich as president and treasurer
/ John Fennelly as vice -president, and y. +.
/ Carpenter as secretary.
| Failure to hold the annual meeting shall not
dissolve the corporation, but the meeting snail
/ be held as soon possible after the regular
| date
Article VI.-This act of incorporation may
| he changed, modified or altered, or this cor.
! poration may be dissolved with the assent OF
/ two-thirds of the stock present or represented
at meeting convened for that purpose zen
/ DAYS after due advertisement IN one OF the
! daily papers of this city, and after written no
| tice mailed to each stakeholder at his last
| known postoffice address.
| Article VII.-No stakeholder shall ever be
| held liable or responsible for the contracts
| or faults of said corporation in any further
| sum than the unpaid balance due on the
| shares of stock owned by him; nor shall any
! mere informality in organization have the ef'
! feet of rendering this charter null or exposing
| a stakeholder TO any LIABILITY Oeyohu the
}
/ formality or irregularity in organization ever
have the effect of rendering any stockholder
| liable as a partner.
| Article VIII.-Whenever this corporation is
| dissolved either by limitation of time or by
| the determination Of the stockholders, its
! affairs shall be liquidated under the super
vision of two liquidators to be appointed for
| that purpose at a general meeting OF the
stockholders convened after ten days notice,
! shall be sent by mail to the addresses OF all
| the stockholders whose addresses snail Dc
J known to or who shall have lett their ad'
dresses with the secretary and shall be pub
| lished for ten days in one of the daily news
papers published in this city.
! At such meeting TO consider the Liquidation
| Of the corporation, the result shall be deter
| mined by the consent of two-thrds OF the
stock present or represented at such meeting:
| In case of the death inability to act OF
one of the liquidators the survivor shall act
alone.
Thus done and passed in my office in the
CITY of New Orleans, on the day, month and
wear hereinabove first written IN the presence
| of St. John Ferret and John L. Dalmen, Jr.,
| competent witnesses, who hereunto sign their
| names with said appearers and me, notary,
| after due reading of the whole.
Signed: II. Leverich, 49 shares, 1923 yo-
| sephine ST., New Orleans, La; John Fennelly,
| 50 shares, 300 Warwick Blvd, Kansas City,
| Mo, by II. Leverich, Agt. and Atty, in fact
n E. Carpenter. / share, 602l Brookside Blvd,
Kansas City, No, by H. Leverich, Agt. and
| Atty. in fact.