The herald. [volume] (New Orleans, La.) 1905-1953, 1915-10-14
CHAR TER
CHARTER
OF LEVERICH GRAIN COMPANY, l.
| r,5taI Stasee -

y OF LEVERICH GRAIN COMPANY, INC
United States Of America, State of Louisiana
: Parish OF Orleans, City OF New Orleans
5 Re II known, that on sus 18th day Of In
month Of September in the year of our Lord
y one thousand nine hundred and fifteen. an,
( o. the independence OF the lifted States Q
r America the one hundred and tortIcth bcfor,
me, Watts h. LeverIch. a notary public dull,
( commissioned and qualified IN and Tor III.
. city OF New Orleans and the parish Of OR
, ! leans, therein residing and m the prcScuc,
/ / OF the witnesses hereinafter named and under
, ! >igud personally came and appeared the per
, / sons whose names are hcTeuutJ subscribed
who declared that avaIlng themselves Of the
provision, of the general laws Of this state
relative TO the organization OF corporations
they have Covcuautcd and agreed. and do bv
these presents covenant and agree, bind, form
and constitute themselves, as well a, 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-
tlcns following, to-wit:
Article The name OF this corporation
shall be the Lcverich Grain Company. Inc
under which name II shall exist for a period
Of uInety-ulne l9yI 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 well as
the power to purchase, sell mortgage and
pledge property, movable and immovable, for
the purpose AMI requirements OF their bust
ness.
Article 1.-THE domicie 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 president, and in
! his absence, on the secretary, and in his alb
! scnCe, the treasurer.
Article III.-Ihe capital stock Of this COM
! pauy shall be ten thousand (SlOHOOO dol
/ lgI INT. IL.
, 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
vCe-presidcnt, and in the absence or inability
| 10 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 tSl0OO0UOl dollars.
| Article lN.-Ihe 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 busI-
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 agent in the handling OF same and
D 4
10 do all things that may be required in or
convenient for accomplishing the purposes
herein above set forth, and 10 make all CON
tracts requisite 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-AI powers of this corporation
shall be vested in and exercised by a 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 he 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 a treasurer, |
and may combine any OF these offices and con
fer the person. majority OF
the board shall constitute 4 quorum and ex- !
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, i
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 first Monday |
OF July, 1916, the board of directors of this :
company shall be composed of Henry Lever
ch, 1923 Josephine street, New Orleans, La;
sas City, Mo; and \. f. Carpenter, 602l |
Brooksde Boulevard, Kansas City, Mo, with |
Henry Leverich as president and treasurer,
John Fennelly as vice-president, and \. 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-thrds 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 his last |
known postoffice address.
Article Vino stakeholder shall ever be
held liable responsible for the contracts
or faults of said corporation in any further
sum than the unpaid balance due 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
or irregularity in organization ever
have the effect of rendering any stakeholder
Article VIII.-Whenever this corporation is
dissolved either by limitation of time or by Il
the determination of the stockholders, its ,
affairs shall be liquidated under the super
vision OF two liquidators to be appointed for
hat purpose at a general meeting of the {
stockholders convened after ten days notice,
shall be sent by mail TO the addresses of all
he stockholders whose addresses shall be
known to or who shall have left their ad-
lresses with the secretary and shall be pub I
ished for ten days in one of the daily news
,apers published in this city.
At such meeting to consider the liquidation
# the corporation, the result shall be deter
mined by the consent of two-thirds of the
tock present or represented at such meeting.
N case of the death or inability to act of {
me of the liquidators the survivor shall act 4
lone. 9
Thus done and passed in my Office in the v
ity of New Orleans, on the day, month and /
-ear hereinabove first written in the presence
f St. John Perret and John T. Dalmen, Jr.,
ompetent witnesses, who hereunto sign their
lanes with said appearers and me, notary,
fter due reading of the whole.
Signed: II. Leverich, 80 shares, 1923 Jo-
ephint ST., New Orleans, La; John Fennelly, ;
0 shares, 800 Warwick Blvd, Kansas City,
10, by II. Leverich, Agt. and Atty, in fact;
I. E. Carpenter share, 602l 8rookside Blvd,
Kansas City, No, by II. Leverich, Agt and
ltty. in fact.
Attest: St. John Perret, John T. Dalmen, |
~ y-.TTc L rrurprT,rr ~. D.L