The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22
CHARTER OF
THE CANE BELT CAR LINE & WARE
COMPANY


State of Louisiana, Parish of Orleans,
City of New Orleans.
BE il remembered that on this 18th day
of August, 1918 before me. the under
signed a notary public duly commission
ed and qualified in and for the said state,
parish and city aforesaid, personally came
and appeared the persons whose names are
hereuntO subscribed who severally declar
ed unto me, notary, in the presence of
the undersigned witnesses that. ayailing
themselves of the laws of Louisiana rela-
tive to the formation of corporations, par
ticularly Act No. 26I of 1914, they, for
themselves, successors and assigns, have
associated themselves together, and do by
these presents associate themselves to-
gether and form corporation under and
IN pursuance fthe laws of the State of
Louisiana with the objects and purposes
and under the agreements, conditions and
stipulations hereuntO set forth, to-wit:
Article 1.-The name of this corpora
ton is the Cane Belt Car Line & Ware
house Company, Inc and by and under
said name shall have corporate existence
for a period of ninety nine (99) years
from the date hereof with all the powers
by law now or hereafter conferred on
corporations, unless sooner dissolved as
provided by law.
Article 1.-THE purposes for which this
corporation is organized are hereby de
clared to be to engage in and carry on, in
conformity to law, within or without the
United States, at one or more places, any
portion or all of the following businesses,
tO-wit:
(al To buy, sell, rent and lease railway
tank cars. and other cars. and vessels and
barges of all kinds and the necessary
equipment therefor;
OBJ To acquire, maintain and keep StOr-
age warehouses for the storage and de-
pOsit of goods and merchandise of all
kinds and descriptions and conduct all
business appertaining thereto, including
the making of advances on goods stored
and deposited with il and to have and re-
ceive all the rights and emoluments there
to belonging;
(c) To borrow or lend money as prin-
cipal, or otherwise, securing or causing
the same or any portion thereof to be
secured by any instrument or act whatever
as may be necessary, desirable or useful
in exercising any or all of the foregoing
I'D Exercising such incidental powers
as may be requisite, and also such fur
Their and general powers as may he from
time to time conferred by the laws of the
State of Louisiana on corporations.
Article III.-The capital stock of this
corporation is fixed at the sum of fifty
thousand dollars (S50,00O), divided into
five hundred (500) shares of the par value
of one hundred dollars $1,000 each. The
capital stock OF this corporation may be
increased to the amount of one hundred
thousand dollars ($10OOOO.0O). The cap
ital stock shall be paid for at par in cash,
Article IV.-The domicile of this cor
poratiOn is in the City of New Orleans,
State of Louisiana, but, with the written
consent of all the directors, valid meet
ings of directors may be held outside Of
the city or within the state elsewhere than
at its domicile. Service of all legal pro-
cess shall be made upon the president. and
in his absence upon the vice president and
in the absence Of both upon the secre-
tary.
Article y.-All the corporate powers of
the corporation shall be vested in and
exercised by a Board of Directors to be
composed Of five stockholders having the
qualifications required by law who shall
be elected annually on the second day of
January, in each year at a general meet
ing of the stockholders held for such pur-
pose after notice required by law. All
such elections of directors shall be by bal
lot and each stakeholder shall be entitled
to one vote east in person or by written
proxy or by letter. the signature of which
shall have been acknowledged before q no
tary public or other officer authorized to
make affidavits, for each share of stock
standing in his name on the books of the
company. The majority of votes cast
shall be sufficient to elect. The Board of
Directors shall elect from their number a
president and one or more vice presidents