The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-05
CHARTER.


corporations, governmental, municipal O
otherwise, in and about the carrying on an
acCOmpli shment OF al! or any OF the purpose
II the Company; to carry out all OF the O1
jcCts and purposes hereinafter set ont; L
name and appoint such managers and dlrec
tors, otiiyer5 and agents, as the interest al,
convenience OF said corporation may require
and Il make and establish, as well alte
and amend at pleasure, such bylaws, rule
and regulations Tor the management an,
regulation OF the affairs OF the corporation
may lee necessary, proper OF convenient.
ARTICLE 1.-The domlclle u this cor
pordtl0r shall! be IN the Parish Of Orleans
State OF Louisiana, and ali citations o.
o:aci legal process shall be served upoi
any Of the officers OF the corporation.
ARTICLE Iu,-The objects and purpose
for winch this corporation Is organized, al,
the uautre OF the business to be carried OI
by i, are hereby declared to be: To con
duct export, import and domestic frelgh
brokerage and forwarding business, and t
conduct and carry on a general service bgs
ness in correlated lines; TO buy, sell, Of
otherwise deal in grain or other COmmpIlt.et
on commission; and generally, to do al
suGl acts or things as may be necessary
proper or convenient for the accompli shmeu
OF any OF the foregoing objects and purposes
ARTICLE IV.-Ihe capital stock OF TIN.
corporation is hereby fixed at the sum OF
Twenty-Five Thousand IS23,UOOOO} Dollars
Divided into Two Hundred Fifty l25U) shares
Of One Hundred ($loOOO) Dollars per snare
The amount OF the stock may be increased
70 Five Hundred Thousand tS5o0,U0OOl Dol.
lars The whole any portion OF SAID
stock shall be paid for in cash, or 1t may
be issued and delivered TO any person, urn
or corporation for the acquisition OF the
rights privileges or property owned OF cor. con
trolled by such person, firm or corporation
for the fair value thereof as appraised by
the Board of Directors; and the Board OF DI'
rectors hereinafter created is specially au-
thorzed to issue and dispose OF the stock az
not less than the par value, for any and all
purposes as in its judgment may seem lalF
and proper.
ARTICLE V.-All the powers of this cor.
.poration shall be vested in and exercised
by a Board composed of not less than three
80 nor more than five ~ directors, IN, ne
precise number OF directors within SAID limit
shall be fixed by the vote OF the stockholders
at the annual meeting, or al special meet.
ing called for that purpose. SAID Board OF
Directors shall be elected annually by bal
lot, at a stockholders meeting called for
that purpose on the third Wednesday in July
OF each year, Cor the next legal day, II that
be a holiday after due notice given TO the
stockholders by mail, at least fifteen days
before the date OF said meeting. Each hold
er of stock shall be entitled to one vote loI
each share of stock standing in his name
on the books OF the Company, said vote to
be cast in person or by proxy, and the ma
Jority of the votes cast shall elect. Inc
Board of Directors shall have the power to
fill all vacancies which may occur OF in
any manner arise or be created on the
Board even though quorum remain at
the time such vacancies are to be titled.
Failure to elect directors on the day above
specified shall not dissolve the corporation,
but the directors then in office shall re-
main in office until their successors are
elected and qualify. The Board shall elect
from their number President and Sec
rotary Treasurer; provided that the Board
may dispense with any of said officers, or
may combine any of them, or may elect such
other officers (who need not be members of
the Board, stockholders) as they think
proper or convenient for the carrying of
the Company's business, and they shall fix
the salaries of all officers, agents and en-
ployees. AT any meeting OF the Board of
Directors, any director absent from the
meeting may be represented by any other
director, who may cast the vote of the absent
director according to the written instructions,
either general or special, of said absent di-
rector. The Board of Directors shall have
authority to make and establish, as well as
alter and amend, all bylaws, rules and regu-
latlons necessary and proper for the support
and management of the business and affairs
of the corporation and not inconsistent with
this charter; and they shall have power to
authorize the borrowing of money and the
of notes and the execution of mort
cages and pledges, and generally to do all
things necessary or convenient for the
proper carrying on OF the business or the
corporation.
Until the general meeting of the stock
holders for election of directors to be held
on the third Wednesday of July, 1920, or
until their duly qualified successors are
elected and installed. the Board of Direc-
son., 1898 State Street. New Orleans, La. ;
Mark E. Whitehead, 1918 S. Claiborne ST.
New Orleans. La; Lucia Anna Rickert
Richeson, 1893 State St, New Orleans. La
n
President, and Mark E. Whitehead, Secre-
tary-TreaSurer.
ARTICLE VI.-This act of incorporation
may be changed, modified or amended, or
the corporation dissolved, by a vote of two
thirds of the entire capital stock present
or represented at general meeting of the
stockholders convened for such purpose, af-
ter previous notice shall have been given in
the manner above required to be given of
the annual meeting of the corporation.
ARTICLE N1l.-1f this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be liqui-
dated by two or more commi ssioners to be
at the meeting of stockholders con-
vened for the purpose of liquidation, and
to be elected by the vote of all the stock
holders voting upon a parity. Said liqui.
dators shall remain in office until the at
fairs of the corporation shall have been
fully settled and liquidated, and they shall
have full power and authority to transfer
of the corporation and to distribute the
proceeds. In case of death, disability or
resignation of one more liquidators the
vacancy shall be filled by the survivor or
survivors.
ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in any
further sum than the unpaid balance due
on the shares of stock owned by him, nor
shall any mere informality in organization
have the effect of rendering this charter null
bility beyond the amount due on his stock
In order that this charter may serve as the
original subscription list, the subscribers
hereto have indicated opposite their respec-
tive signatures the number of stock sub
scribed for by each of them.
thus done and passed at my office at
New Orleans, Louisiana, on the day, month
and year herein first above written, in the
presence OF Hazel Green and Nellie Dillon
witnesses, who have hereunto SUBJ
scriDed their names, together with me. No
tary, and the said apeparers, after due read
ing of the whole.
Witnesses: Hazel Green, Nellie Dillon.
VOriginal Signed Names of subscribers
WATTS K LEVERICH,
Notary Public
l, the undersigned, Recorder of MORTGAGE.
IN and tor the Parish of Orleans State of
LOUISIANA, do hereby certify that the above
ana an foregoing Act of Incorporation of the
JM Al, L. Neheson Co., Inc. was this day
Folio 52o AVN 1890
New Orleans, May %, I9lo:.
'signedD EMILE J. LEONARD, by. R.
WATTS X. LEvERIcH