The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTER OF
TERMINAL GRAIN COMPANY. INC.
United States of America, State of Louis
ana. Parish of Orleans, City of New
Orleans.


ana. Parish of Orleans, City of New
Orleans.
he it known, That on this 18th day of the
month OF December, in the year OF Our
| Lord one thousand nine hundred and sew
| enteen, and OF the Independence of the
| | nlted States OF America, the one hundred
and forty second, before me, Henry G. Bloch
Notary Public, duly commissioned and
| qualified, within and for the Parish of Or
| leans, State of Louisiana, therein residing,
! and in the presence of the witnesses here
| matter named and undersigned, personally
| came and appeared the several persons whose
names hereunto subscribed, who sever
| ally declared that, availing themselves of
| the benefits and provisions of the Consttu-
| tiOn OF the State of Louisiana and of the
laws of said State relative to the organiza-
| ton OF corporations, and particularly of the
| provisions of Act No. 267 of the General
Assembly of the State of Louisiana, for the
year 1914, they have contracted and agreed
| and united to form and do by these pres
| ents, contract and agree and bind and obi
gate themselves to form and organize them
| selves, as well as all such other persons who
may hereafter join or become associated with
! them or their successors into a stock corpo-
ration and body polite in law, for the OBJ
Jects and purposes and under the conditions,
| covenants, stipulations and agreements of
| the articles following to-wit:
| Article 1.-The name and title of this cor
| poration shall be Terminal Grain Company,
! Inc" and under and by said name, unless
| sooner dissolved in accordance with law and
| this charter, it shall exist and continue, and
| shall have and enjoy corporate existence,
| and succession for a period of ninety nine
| (99) years from and after the date of this
act. 1t may have, hold. receive, borrow,
loan, exchange, acquire by grant, gift or
| purchase, devise bequest, sell, ALLEVIATE,
| dispose Of, convey, lease, pledge, pawn, hy-
| pothecate, cucumber mortgage property of
any kind, whether real, personal or mixed,
corporeal or incOrporeal, movable or immov
| nj all To ST.,
be prescribed by law.
1t may make, issue and endorse bonds or
] notes and other evidences of debt 1t may
| accept mortgages, pledges other debts. 1t
! may contract, sue and be sued plead or be
| impleaded by its corporate name in any
| court of competent juristion. II may make
| adopt and use a common seal and alter the
| same at pleasure. 1t may hold stock in
other corporations, and its capital stock may
| be issued for capital stock in other cOrpo-
| rations. 1t may name, appoint and employ
such managers, directors officers, agents and
other employees as its business and conve-
nience may require. and may fix their COM
penSation, having due regard to the nature,
character and value of their services 1t
may make and establish bylaws, rules and
regulations not inconsistent with this char
ter or any existing law, fixing altering
the management of its property, the regu-
lation and government of its affairs, and the
manner of the certihcation and registration
of its stock. 1t may wind up and dissolve
itself. or be wound up and dissolved in the
manner prescribed by law. 1t may conduct
business in this State. other States, the
Federal Districts, the Territories and pos
sessions of the United States, and any for
eign country. 1t shall have the power to
invest its Board of Directors with all of its
corporate powers subject to such restrictions
may be named in this charter. And il
generally shall possess all the powers, rights,
privileges and immunities which corporations
and may hereafter be authorized to DOS
sess under the Constitution and laws of this
State, particularly under Act No. 267 of the
Acts of the General Assembly of the State
of Louisiana for the year 1914.
Article 1.-THE domicile of this CORPORA
ton shall be at the City of New Orleans
Parish of Orleans. State of Louisiana, and
all citations or other legal process shall be
served upon the President of this corpora
ton, in case of his absence, upon the
Vice President. or in the absence of both
OF these officers. upon the Secretary Of this
corporation.
Article. III-The objects and purposes for
which this corporation is formed and the
nature of the business to be carried on by
it are hereby declared TO be:
Section /: To act as agent or representative
Of corporations. firms and individuals.
Section 2; To do general business as
commission merchant, selling agent and fac
tor under del credere commission in the
manner and TO the same extent as natural
persons could do.
Section 3: To carry on any or all business
=.
wholesale and retail, importers and export
ers. generally without limitation as to class
OF products and merchandise. but especially
OF cotton, corn, hay. oats and feed stuff and
grain OF every class and description, and to
produce. adapt. prepare, buy. sell and other
wise deal in any materials. articles or things
required in connection with or incidental TO
the producing. handling and dealing in such
commodities Or any other commodities which
IT may be desired TO handle.
Section 4: To make and enter into all
KINDS OF contracts, agreements and obliga-
tons by or with any person or persons, cor
poration or corporations for the purchasing
acquiring, holding. manufacturing and sell
ing or otherwise disposing Of either as
principal or agent, upon commission or 9TH
erwise. cotton, sugar, corn, hay, oats and
scription. and any article of personal prop
erty whatsoever, and generally with full
power to perform any and all acts connected
Herewith or arising therefrom, or incidental |
thereto. and any and all acts proper or
necessary for the purposes of the business. |
, Section ): To carry on and undertake any
business, undertaking. transaction or opera |
ton commonly carried on undertaken by |
merchants, commission men, factors. importers |
and manufacturers agents, and in the
course OF such business to draw, indorse, |
acquire and sell all or any negotiable or
transferable instruments and securities.
Section 6: To do general commission |
merchants and selling agents business: TO |
buy, sell, and otherwise dispose or, hold, |
own, manufacture, produce, export and i'm.
port and deal in, either as principal or |
agent, and upon commission or otherwise, all |
kinds OF personal property whatsoever, with !
out limit as to the amount; TO make and |
enter into all kinds of contracts, agreements |
ana obligations by or with any person or |
persons, corporation or corporations for the |
purchasing, acquiring, manufacturing repair |
ing and selling and dealing in of any arti- |
eies OF personal property of any kind or |
nature whatsoever, and generally with full !
power to perform any and all acts connected |
herewith or arising therefrom or incidental |
thereto, and all acts proper or necessary for |
the purposes of the business.
Section q: To own, lease, acquire or oper- |
ate public warehouse or warehouses for |
storing and caring for such commodities as |
may be handled.
Section g.: To borrow money and TO pledge. |
mortgage or hypothecate property therefor, |
and to loan money on security or otherwise |
In fact, to do all things necessary or Incl |
dental to carrying a general brokerage
business as herein contemplated.
Article 1V.-The authorized capital stock |
of this corporation is hereby declared to be /
the sum of Twenty Thousand Dollars (s2O,-
10000, which capital stock may be increased /
in the manner provided by law, to the sum
Of One Hundred Thousand Dollars (SlOO,-
10000. The presently authorized stock of |
this corporation shall be represented by two
hundred (200) shares of the par value Of One
Hundred Dollars $4,000 each. The said
capital stock shall be represented by certi.