The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTER.

regulation Of the affairs OF the corporation
as NAV Ice necessary, proper or convenient
ARTICLE 1.-THE domicile of this cor
porat!or shall be III the Parish OF Orleans
Stale OF Louisiana. and all citations CT
ot3ef legal process shall be served upon
any of the officers OF the corporation.
ARTICLE III.-The objects and purposes
for which this corporation IS organized, a"d
the nautre Of the business 10 be carried Oh
by il are hereby declared TO be: 10 con
duct an export, import and domestic relsn'
brokerage and forwarding business, and %
conduct and carry on general service bISI-
ness in correlated lines; to buy, sell, or
otherwise deal in grain or other commodities
on commission; and generally, to do all
su:h acts or things as may De necessary,
proper or convenient for the accomplishment
Of any OF the foregoing objects and purposes.
ARTICLE IV.-The capital stock OF TIN
corporation is hereby fixed at the sum OF
Twenty-Five Thousand (S25,U0UO) Dollars,
Divided into Two Hundred Fifty (25O) shares
of One Hundred $4,000 Dollars per share.
The amount of the stock may be increased
to Five Hundred Thousand (S5oO,OoUl Dol.
lars The whole or any portion OF sald
stock shall be paid for in cash, or it may
be issued and delivered to any person, hrm
or corporation for the acquisition OF the
rights, privileges property owned or con
trolIed by such person, firm or corporation,
for the fair value thereof as appraised by
the Board of Directors; and the Board OF Dl-
rectors hereinafter created Is specially ad-
thOrIZed 10 issue ana dispose OF the STOCK AZ
not less than the par value, for any and al!
purposes as IN its Judgment may seem tar
and proper.
ARTICLE V.-All the powers of this cor
poration shall be vested in and exercised
bv a Board composed OF not less than three
80 nor more than five 50 directors. The
precise number of directors within sad limit
shall be fixed by the vote Of the stockholders
at the annual meeting, or at special meet
ing called for that purpose. Said Board OF
I'LL all f.a'
lot at a stockholders meeting called for
that purpose on the third Wednesday in July
Of each year, Tor the next legal day, II that
be 4 holiday after due notice given to the
stockholders by mail, at least tliteen days
before the date OF said meeting. Each hold
er Of stock shall be entitled to one vote Tor
each share Of stock standing III his name
on the books of the Company, said vote 10
be cast in person or by proxy, and the ma
jorty of the votes cast shall elect. The
fill all vacancies which may occur or in
any manner arise or be created on the
Board even though no quorum remain at
the time such vacancies are to be filled
Failure to elect directors on the day above
specified shall not dissolve the corporation,
bur the directors then in office shall re-
main in office until their successors are
elected and qualify. The Board shall elect
from their number a President and a 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 on oi
he 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 airy other
ilrector, who may cast the vote OF the absent
director according to the written instructions,
,ither general or special, of said absent d.. |
-ector The Board OF Directors shall have
authority to make and establish, as well as
liter and amend, all bylaws, rules and regu- |
atoms necessary and proper for the support |
md management of the business and affairs |
II the corporation and not inconsistent with |
his charter; and they shall have power to !
authorize the borrowing of money and the |
ISSUANCE of notes and the execution of mort. |
;ages and pledges, and generally to do all |
hings necessary or convenient for the |
roper carrying on of the business of the |
Until the general meeting of the stock
N the third Wednesday of July, 1920, or
NTH their, duly qualified successors are I
Iected and installed, the Board of Direc-
ors shall be composed of: VIM. Lyle Richie.
on, 1888 State Street, New Orleans, La;
lark f: Whitehead, 1918 S. Claiborne ST..
,ew Orleans, La; Lucia Anna Rickert
ticheson, 1888 State St, New Orleans. la
II these, William Lyle Rcheson shall he
resident. and Mark E. Whitehead, Secre-
ary- Treasurer
ARTICLE VI.-This act of Incorporation
nay be changed. modified or amended. or
ne corporation dissolved, by a vote of two.
hirds OF the entire capital stock present
represented al general meeting of the
tockholders convened for such purpose, at.
er previous notice shall have been given in
ne manner above required to be given OF
ne annual meeting of the corporation.
ARTICLE Wifi this corporation shall
e dissolved, either by limitation or from
ny other cause, its affairs shall be liqu-
aleG oy TWO or more commissioners to be
ppoInted at the meeting of stockholders con.
ened tor the purpose of liquidation, and
, be elected by the vote of all the stock
orders voting upon parity. Said liquI-
d.orS snail remain IN office until the af-
AIRS OF the corporation shall have been
lilly settled and liquidated, and thew shall
ave full power and authority to transfer
nd give title to all the property and assets
me corporation and to distribute the
of one or more Iouidators The
acancy shall be filled by the survivor or
lrvivors. VI
ARTICLE vIII-No stakeholder shall
Se. Oe hela liable or responsible for the
irther sum than the unpaid balance due
n me shares OF stock owned by him. nor
nall any mere informality in ORGANIZATION
ave the effect OF rendering this charter null
la
llIty beyond the amount due on his s,oct
= order that this charter may serve as the {
riglnai subscription list, the subscribers
ereto have indicated opposite their resoec'
We signatures the number of stock snb. {
,IIbed for by each of them. SUI I
mus done and passed at my office at {
CIV orleans, Louisiana, on the day. month
nu year herein first above written. in tha
essence OF Hazel Green and Nellie DiIIon |
'mpetent witnesses, who have berennto srh' |
'rIoed their names, together with me M.
ny, ana the said apeparers, after due read.
witnesses: Hazel Green, Nellie D;-,on c
longinal Signed Names of subscribrrs
WATTS X. LEVERICH,
7. the ,,,d.-, Notary Public =
ana tor the Parish of Orleans. STATE ~ {
og1isiana, do hereby certify that the aIo, U n
~ foregoing Act of Incorporation of The t
:, Rieheson Co., Inc, was This Sav
ny recorded in my office in Book I5sS \
New eS Orleans, May %, 1872.
'o,gnedl EMILE J. LEONARD. DIV
WATTS K. LEvERIcH
Nav % 70 I'll, Notary Public ::
A |