The herald., 1918-01-17
CHARTER.

power TO perform any and all acts connected
herewith or arising therefrom or incidental
thereto, and all acts proper necessary for
the purposes of the business.
Section !: To own, lease, acquire or oper-
ate public, warehouse or warehouses for
storing and caring for such commodities as
may be handled.
Section 8: To borrow money and to pledge,
mortgage or hypothecate property therefor,
and to loan money security or otherwise.
In fact, to do all things necessary, or Incl
dental to carrying on general brokerage
business as herein contemplated
Article IV.-The authorized capital stock
of this corporation is hereby declared TO be
the sum of Twenty Thousand Dollars $50.
10000, which capital stock may be increased
in the manner provided by law, to the sum
of One Hundred Thousand Dollars $780,.
10000. The presently authorized stock OF
this corporation shall be represented by two
Hundred Dollars $4,000 each. The said
capital stock shall be represented by certi-
Gates and shall be personal property. No
| transfer of said stock shall be binding upon
this corporation unless made in accordance
with its charter and bylaws and recorded
on the books thereof
The capital stock of this corporation shall
be fully paid and non assessable when is
| sued, and shall be issued only for labor
done or for property actually received or
for cash to be paid at such times and in such
amounts and after such notice as may be
determined by the Board of Directors
Article Vail the powers of this corpo-
ration shall be vested in and exercised by
a Board of three 90 Directors, each of whom
shall hold, in his name, at least one
% share of stock. Said Board of Directors
shall be elected annually on the second
election TO be held in the year 1919 All
such elections shall be by ballot at the Office
OF the corporation, under the supervision of
one commissioner to be appointed by the
board of directors and in the absence OF any
commissioner the President shall have power
to fill the place by appointment. Notice of
all such elections, as well as OF all meet
ings of stockholders, except for the purpose
OF liquidation or dissolution or as otherwise
required by law, shall be given fifteen U5)
days prior thereto by mailing to each stock
holder who appears as such on the books
OF the corporation at his last designated ad-
dress at the general delivery at New
Orleans, If he has not designated ad-
dress, an announcement stating the time, the
place and object of the meeting. Each stock
holder shall be entitled to one vote for each
share of stock standing in his name on the
books of the company, to be cast in person
or by proxy, and majority of the vote cast
shall elect The board of directors shall have
in the Board. Failure to elect directors on
the day above specified, shall not dissolve
the corporation, but the directors then in
Office shall remain in Office until their sue
cessors are elected and qualified The Board
of Directors at their first meeting following
each annual election shall elect from their
number a President, Vice-President and
a Secretary Treasurer and such other officers
as the Board of Directors shall deem necessary.
The Board shall have power in its discre-
ton to unite two or more Offices, and the
same to confer upon one person, and shall
have power to FIX the salaries of all officers
and all such other officers and employees as
they deem necessary. The Board of Direc-
tors shall have power to make and establish
as we'll as alter and amend, all bylaws, rules
and regulations necessary and proper for
he M of hfts
and affairs of said corporation, not incon-
sistent with its charter.
A majority of the directors shall constitute
| a quorum for the transaction of any bust
director absent from. the meeting may be
| represented by any other director, who may
cast the vote of said absent director according
| to the written instruction., of said absent
director. The board of directors shall have
the power, by vote of not less than a
majority thereof, 10 sell, lease, mortgage, by
bond, mortgage, or otherwise, or to pledge
| and and all of the property, movable or
| immovable belonging TO the corporation to
receive in exchange therefor. moner or stocks
or bonds other obligations of another
| corporation without referring to the share.
| holders for the power to do so; and they
may also purchase for stock in this cooperation
or for cash, or any of the purposes of this
| corporation, without authority of the share.
| holders.
Until the next general meeting to be held
January, 1919, until their duly qualified
successors are elected and installed, the
board of directors shall be composed of:
Chaille P. Sims, whose post-office address
post-ofhce address is Adeline, La: Edith
| V. Gammell, whose address is sol Canal Bank
| Bldg, New Orleans, Louisiana, with Chaille
P. Sims as President, William F. Giles as
Vice President and Edith V. Gammell as
| Secretary Treasurer.
Article VI-This charter may be amended.
ed. and the capital stock Of this corporation
may be increased or decreased. this cor.
and manner provided by law.
Article V1I.-No stakeholder of this cor
poration shall ever be held liable or respon-
sible for the contracts or faults of this
corporation in any further sum than the
| unpaid balance the stock for which he
has subscribed. nor shall any mere infor-
mality in organization have the effect of
| rendering this charter null or of exposing
a stakeholder to any liability than as above
provided.
Article vIIL-whenever this corporation
shall be dissolved, whether by limitation or
from any other cause, the affairs thereof
ers to be elected and qualified in the man.
ner provided by law. And they shall con-
tinue in Office until the affairs of this
corporation shall have been fully settled and
the liquidators his refusal or inability to
serve. the remaining liquidators may fill the
vacancy from out the stockholders may
themselves proceed with all power and au-
| thority vested in the full membership.
And the signers hereto declare that they
have affixed opposite their names the number
| of shares subscribed by them and they here
| by declare this to be their subscription list.
| Thus done and passed, in my Office at the
city of New Orleans, La. on the day, month
and year herein first above written in the
| presence of Gertrude Cowan and May Lorio,
competent witnesses who hereunto sign their
names with the said appcarers and me, No
tary, after due reading of the whole
! c. P. Sims, Adeline, La, IS shares, 81. 5000,
w. F; Giles, Adeline, La. IS shares, s., 5000,
per c. P. Sims, Edith v. Gammill, sol
Canal Blk. Annex, Is shares, $4,000, A
S. Baker, by Edith " Gammill, Is shares,
81 5000.
| Witnesses: Gertrude Cowan, May Lorio.
| HENRY G. BLOCH, Notary Public.
| I, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans State Of
Louisiana, do hereby certify that the act of
Incorporation of the Terminal Grain
| Company. Inc" was this day duly recorded
in my Office in Book 1919, folio =.
New Orleans, Louisiana, December l8 1917.
| (Signe0 EMILE J. LEONARD,
| by. Recorder.
| ryrIpv n prD~rr ~. me-.