The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-07
CHARTER

ChARTEk
! OF LEVERICH GRAIN COMPANY, INC.
United States OF America, State Of Louisiana,
Parish of Orleans, City of New Orleans.
Re II known, that on Sns 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 Tilted States OF
America the hundred and fortleth, before
me, Watts X. LeverIch, a notary public duly
commissioned and qualified IN and for tE=
city Of New Orleans and the parish OF Or
leans therein residing and ~ the presence
OF the witnesses hereinafter named and under
sigud. personally came and appeared the per
sons whose names are heTeuntO subscribed.
who declared that, availIng themselves OF the
provisions OF the general laws of this state
relative to the organization Of corporations.
they have Coyenanted and agreed. and do by
these presents covenant and agree, bind, form
and constitute themselves, as well a. such
other persons as may hereafter JON or become
associated with them, into an association and
body polite in law for the objects and pun
poses and under the agreements and SupuIa-
tious following. tO-wIt:
Article THE name OF thS corporation
shall be the LeveriCh Grain Company, Inc.
under which name II shall exist for a period
Of ninety (g9) 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
porations formed for the purpose Of engaging
in the business hereinafter stated, as well as
the power 10 purchase, sell, mortgage anu
pledge property, movable and lmmovable, for
the purpose and requirements Of their bust
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 snail De
served on the president OF the company, and
in his absence, on the vice-president, and IN
his absence, on the secretary, and IN his ab-
sence on the treasurer.
Article III.-The capital stock of this com
Il. on dol
lars, divided into one hundred l0Ol shares
of the par value OF hundred (SlOOD) 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 presl-
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
10 act of the secretary, by some oihcer 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 certlncate.
The capital stock may be increased to one
hundred thousand (SlOOG0OO dollars.
Article lN.-The purposes OF the corporation
and the nature OF the business intended to be
carried on by 1t 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 descriptions; 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
10 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-
plishmcnt 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 board
Il. -. han a
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 president,
vice president a secretary and treasurer,
and may combine any OF these othces ana con-
fer the same one person. 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 by proxy shall be counted for 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-
lations for the conduct of the company's bus
mess Directors and officers shall continue IN
office until their successors are elected and
qualified, and failure to elect directors at any
meeting shall in manner affect the corpor.
alton. Vacancies occurring 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 hrst Monday
of July, 1916, the board OF directors OF TINS
company shall be composed of Henry Lever
ich, 1923 Josephine street, New Orleans, La
John Fennelly, 5000 Warwick Boulevard, Nan
sas City, Mo; and n. f. Carpenter, 0O2l
Brookside Boulevard, Kansas City, Mo-, with
Henry Leverich as president and tTeaSurGT'
John Fennelly as vice-president, and n. +.
Carpenter as secretary. -
Failure TO hold the annual meeting shall not
| dissolve the corporation, but the meeting snail
| be held as soon as possible after the regular
date.
Article VI.-This act of incorporation may
be changed modified or altered, or this cor.
poraton may be dissolved with the assent OF
| two-thirdS of the stock present or represented
at meeting convened for that purpose ten
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 postofice address.
| Article NII-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 et-
/ feet of rendering this charter null or exposing
| a stakeholder to any liability beyond the
) amount of his unpaid stock, nor shall any IN
! formality or irregularity in organization ever
have the effect of rendering any stakeholder
| 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 lquidators to be appointed Tor
| that purpose at general meeting OF the
stockholders convened after ten days notice,
| shall be sent by mail to the addresses OF all
| the stockholders whose addresses shall be
J known to or who shall have LETT their ad-
| dresses with the secretary and shall be pub
| lshed for ten days in one of the daily news
papers published in this city.
At such meeting to consider the liquidation
| IF the corporation, the result shall be deter
mined by the consent of two-thirds 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 Perret and John 1. Dalmen, Jr.'
| competent witnesses, who hereunto sign their
names with said appearers and me, notary,
| after due reading of the whole.
| Signed: II. Leverich, ~ shares, 1873 10
| sephine ST., New Orleans, La: John Fennelly,
| 50 shares. 5000 Warwick Blvd, Kansas City,
Mo, by II. Leverich, Agt. and Atty, in fact
| n. f. Carpenter, / share, 6O2l Brookside Blvd.
u ~ h,, II OF and