The herald., 1915-10-28
CHARTER
OF IEVERICH

Of LENEKII1 GKAlN COMPAN1, lNC
| United States of America, State Of Louisiana
Parish of Orleans, City of New Orleans
| Re it known, that on tus 18th day of tn,
month of September in the year of Lord
one thousand nine hundred and fifteen, anC
| of the independence of the Tilted States o.
| America, the one hundred and fortieth, before
me, Watts X: Leverich, a notary public dul,
commissioned and qualified in and for tn,
| city of New Orleans and the parish of Or
leans, therein residing and in the presence
of the witnesses hereinafter named and under
| signd, 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 covenanted and agreed, and do BY
| these presents covenant and agree, bind, form
| and constitute themselves, as well as 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 stipula-
| tions following, to-wit:
| Article 1.-The name of this corporation
| shall be the Leverich Grain Company, Inc,
under which name it shall exist for a period
| of ninety-nine 1927 years from the date of this
act, and shall have and enjoy all the power
and authority conferred by the constitution
and laws of the state of Louisiana upon cor
| porations formed for the purpose of engaging
| in the business hereinafter stated, as we'll as
| the power to purchase, sell, mortgage and
pledge property, movable and immovable, for
| the purpose and requirements of their bust
| ness.
Article 1.-THE domicle 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 the president of the company, and
in his absence, on the vice president, and in
his absence, on the secretary, and in his alb
sence, on the treasurer.
Article III.-The capital stock of this CON-
pany shall be ten thousand CSl0O00.OO dol
| L. Hid Al s,,4o h,,a HraA haze
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-president, and in the absence or inability
| to act of the secretary, by some officer desig-
| mated in his 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 lOo,0Co.0O) dollars.
Article IV.-The purposes of the corporation
| and the nature of the business intended to be
carried on by it are declared to be: to 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,
either for its own account or on commission
| to act as agent in the handling of same and
for the consignment of vessels; and generally
| to do all things that may be required in or
convenient for accomplishing the purposes
herein above set forth, and to make all con-
tracts requisite or expedient to the accom-
plishment of said purposes, and to do and per-
| form all acts incidental and necessary to
carry out the objects and purposes herein de-
clared.
Article V.-All powers of this corporation
shall be vested in and exercised by a board
| of not less than three or more than seven di-
| rectors, each of whom shall own at least one
share of the capital stock which board OF
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, a secretary and treasurer
and may combine any of these Offices and con-
| fer the same on one person A majority oil
| the board shall constitute a quorum and ex
| ercise all the powers Of the board and any
director may 1T any time give his power Of
| attorney to another person selected by him
| and in either case the director thus represent
ed by proxy shall be counted for all purpose:
as if personally present at all meetings of th'
board of directors.
The board shall have cover to make anC
alter at pleasure all bylaws, rules and regu
| lations for the conduct of the company's bus
| mess. Directors and officers shall continue II
| Office until their successors are elected anC
qualified and failure to elect directors at AM
I meeting shall in no manner affect the corpor
\ alton. Vacancies occurring in the board o
directors shall be filled by the remaining
members of the board by selection from thu
other stockholders.