The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-23
CHAR TER
OF LEVERICH GRAIN COMPANY. l,


| month Of September in the year OF our Lord,
/ one thousand nine hundred and fifteen, and
! oi the independence Of the Oitcd States OF
! America. the one hundred and tortieth, before
me, Watts H. LcvcriCh, notary public duly
| COUUlIss stoned 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
/ Slgud personally came and appeared the per
/ son, whose names are hcrcuutp subscribed.
! Who declared that, awaiting themselves OF the
/ provisions Of the general laws Of this state
! relative to the organization II corporations.
they have covcnantcd 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
4 associated with them. into an association and
! body polite IN law for the objects and pur-
poses and under the agreements and stipuia-
/ ticus following, tO-wit:
/ Article 1.-The name Of this corporation
shall be the lcverch Grain Company. Inc.
/ under which name II shall exist for period
OF ninety nine typ year, from the date Of this
| act and shall have ard enjoy all the power
| and authority conferred by the constitution
! aud laws OF the state of Louisiana upon cor
| poratIous formed for the purpose OF engaging
IN the business hereinafter stated, we'll
the power To purchase. sell. mortgage and
pledge property. movable and Imm"yahlc, FOR
the purpose and requirements OF their bust
/ ness.
Article 1.-THE domicilc Of this corporation
/ shall bc 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 yIcc-prcsident, and in
! his absence, on the secretary, and IN ms alb
| seuce, on the treasurer.
Article lII.-Ihc capital stock Of this com
/ pduy shall be ten thousand tSlU,NDoON dol
lars, divided into one hundred GOol 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
1 4. .1.1 So
dent and by the secretary, or m the absence
or inability to act Of the president, by the
vice pre- >Idcut, and III the absence or inability
| to act OF the secretary, by some onccr de>iE-
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 70 one
hundred thousand tSlOOG00O dollars.
! Article IN.-lhe purposes Of the corporation
| and the nature OF the business intended to be
| carried on by 1t are declared TO be: to carry
on 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 a. 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 aCCompll shing the purposes
herein above set forth, and to make all con
tracts requisite eXpcdIent 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-
! cared
Article V.-AIl powers Of this corporation
shall be vested in and exercised by board
| Of not less than three 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 president, a
| vice president, a secretary and a treasurer,
| and may combine any OF these Offices and con
fer the same one person. majority OF
the board shall constitute quorum and ex-
erCise all the powers OF the board and any
! director NAV at any time give his power OF
attorney 10 another person selected by him,
| and in either 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 companys 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 no 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 first Monday
| of July, 1916, the board of directors OF this
| company shall be composed of Henry Lever
| ich 1928 Josephine street, New Orleans, La. /;
| Iohn Feunelly, 800 Warwick Boulevard, Kan
sas City, Mo; and \. f. Carpenter, 6O2l
Brookside Boulevard, Kansas City, Mo, with
| Henry Leverich as president and treasurer
John Fennelly as vce-president, and y. l..
| Carpenter secretary.
Failure to hold the annual meeting shall not
dissolve the corporation, but the meeting shall
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
poration may be dissolved with the assent OF
! two-thirdS of the stock present or represented
| at a meeting convened for that purpose ten
days after due advertisement in one of the
daily papers of this city, and after written no
tce mailed to each stakeholder at ms last
! known poStoffce 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 nformality in organization have the eff
feet of rendering this charter null or exposing
| stakeholder to any liability beyond the
amount of his unpaid stock, nor shall any IN
| formality irregularity in organization ever
have the effect of rendering any stakeholder
| liable as 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 shall be
| known to or who shall have left their ad-
dresses with the secretary and shall be pub
lished for ten days in 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-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 hereinaboye first written in the presence
| of ST. John Perret and John I. 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,
Mo, by II. Leverich, Kgt. and Atty, in fact !;
n. f. Carpenter, share, 6O2l Brookside Blvd,
Kansas City, Mo, by il. Leverich, Agt. and
Atty in fact
Attest: St John Perret John T. Dalmen,
ISigned WATTS X. LEVERICII, Not. Pub.
/, recorder of mortgages in and for the
parish of Orleans, State of Louisiana, do
hereby certify that the above and foregoing
| act of Incorporation of the Leverich Grain
Company, Inc, was this day duly recorded
in my Office in book ll0, folio So.
| New Orleans, September IL, 1915.
(Signed) EMILE J. LEONARD Dep. Clerk
State of Louisiana:
| a public.