The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-03
CHARTER.

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 worcestershire when IS
sued and shall be issued only for labor
done or for property actually received OF
| for cash TO be paid at such times and in such
amounts and after such notice may be
| determined by the Board of Directors.
Article N.-All the powers of this corpO-
ration shall be vested in and exercised by
a Board OF three (3) Directors, each of whom
shall hold, in his own name, at least one
| Cd share Of stock. Said Board of Directors
Tuesday OF January OF each year, the first
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, well OF all meet
ingS of stockholders, except for the purpose
of liquidation or dissolution or as otherwis Sc
required by law, shall be given fifteen Q5)
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 or at the general delivery at New
Orleans, if he has not designated an ad-
dress, an announcement stating the time, the
place and object of the meeting. Each stock
holder shall be entitled to 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 a majority OF the vote cast
shall elect. The board Of directors shall have
power TO fill all vacancies that may occur
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
cesSoTs elected and qualified. The Board
of Directors at their first meeting following
each annual election shall elect from their
number 4 President, a Nice-President and
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 well as alter and amend all bylaws, rules
and regulations necessary and proper for
the support and management of the business
and affairs of said corporation, not incon-
Sistent with its charter.
A majority of the directors shall constitute
quorum for the transaction OF any, bust
ness. At any meeting of the board, any
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 inStructlous OF sald aDsent
director. The board of directors shall have
the power by vote of not less than a
majority thereof, to sell, lease, mortgage, by
bond, mortgage, or otherwise, or 10 pledge
and and all of the property, movable or
mmovable belonging TO the corporation or to
receive in exchange therefor. moner or stocks
or bonds or other obligations of another
corporation without referring 10 the share
holders for the power to do so; and they
may also purchase for stock in this cooperation
or for Sh of he
corporation, without authority of the share
holders.
Until the next general meeting to be held
under this charter on the second Tuesday in
January, 1919, or until their duly qualified
successors are elected and installed, the
board of directors shall be composed of:
Chaille P. Sims, whose post-offce address
is Adeline, La; William F. Giles, whose
V. Gamnell. whose address is sol Canal Bank
Bldg New Orleans, Louisiana, with Chaille
r. Sims as President, William F. Giles as
Vice President and Edith " Gammell as
Article VI-This charter may be amended,
ed and the capital stock Of this corporation
may be increased or decreased, or this cor
poration may be dissolved in the method
and manner provided by law.
Article VII.-No stoekholder 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 on the STOCK Tor Wnlcn ne
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
shall be dissolved. whether by limitation or
from any other cause, the affairs thereof
shall be liquidated by three 90 stockhold
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
liquidated. In case of the death OF one OF
the liquidators or his refusal or inability TO
serve. the remaining liquidators may fill the
vacancy from out the stockholders or 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 appearers and me, No
tary, after due reading of the whole.
W. F. G S@s A ASfns La Ea s Shares: Shares;
per c. p Sims, Edith V. Gammill, sol
Canal Blk. Annex. Is shares, s., 5Oo0o A.
S. Baker, by Edith V. Gammill, rs shares,
s.. 5000.
Witnesses: Gertrude Cowan, May Lorio.
HENRY G. BLOCH, Notary Public.
|. the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana. do hereby certify that the act of
of the Terminal Grain
Company. Inc" was this day duly recorded
in my Office in Book 1919, folio =.
New Orleans, Louisiana, December IS, 1917.
(SignedD EMILE J. LEONARD,
by. Recorder.
A true copy.
HENRY C. BLOCH. Notary Public.
Dec 20 u Jan 3 10 II "a