The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-26
CHARTER.

| relations not IN CoutraventIOu OF law, with
any person or persons, fIrins, associatl9i o.
J corporations, governmental, muuiclpa1 o..
otherwise, in and about the carrying on anu
accomplishment OF all or any ot the purposes
u the Company; 10 carry out all OF the o.
| iects and purposes hereinafter SET ou,; -
name and appoint such manageTs and diTec,
tors officer and agents, as the interest and
| convenience Of said corporation may require;
and I, make and establish, as well as alter
| and sueud at pleasure, such bylaws rules
and regulations Tor the management and
regulation Of the affairs OF the corporation
Is may lee necessary, proper or CONVENIENT.
ARTICLE 1.-THE domicile OF this cor
plratlor shall be in the Parish Of Orleans,
| State OF Louisiana, and all citations OF
otlei LEGAL process shall be served upon
aay OF the ottIcerS OF the corporation.
! ARTICLE III-The objects and purposes
Tor which this corporation Is organized, and
the uautre OF the business 10 be carried on
by il hereby declared to be; 10 con
duct an export, import and domestic leight
| brokerage and forwarding business, and u
conduct and carry on a general service buss-
ness in correlated lines; - buy, sell, u
otherwise deal in grain or other commodities
on commisson; and generally, to do al.
su.h acts Or things as may be necessa' f.
Of any OF the foregoing objects and purposes
! ARTICLE IN.-Ihe capital stock OF TINS
corporation IS hereby !lXed at the sum OF
! Twenty-Five Thousand tS23.U1OU DJliaIS'
Iof one Hundred CSlOp00l Dollars per snare;
! The amount Of the stock may be iHc!e4st1
"a Five Hundred Thousand t$2vJouUl Do,
lars The whole o. any portion OF s-I1
| III. issued and delivered 10 any person, IiIA'
NJ corporation for the acquisition OF 'Ae
rights privileges or property owned oE con-
/ trolled by such person, tirm or c3rPot anon
Tor the lair value Thereon as APPRAISER ~
| The Board OF Directors; and the Board Oh III
| rer.ors hereinafter created Is specially aA-
| thorIzeI 10 issue and dispose OF the stock az
not less than the par value, for any ana al
purposes as IN is judgment may seem lax
ARTICLE V.-Au the powers OF this cor,
| noration shall be vested in and exercised
by a Board composed of not less than three
! 81 nor more than five 81 directors. Inc
| nrerise number OF directors within sad limit
| Shall be fixed by the vote Of the stockholders
AZ the annual meeting, or az a specidi meet
| ing called for that purpose SaId boatd o.
! Directors shall be elected annually by pal
lot at stockholders meeting called Tor
| that purpose on the third Wednesday IN July
Of each year. (or the next legal day, II mat
be holiday after due notice gwen to the
| stockholders by mail, at least fiteen Gays
before the date Of said meeting Each hold
er OF stock shall be entitled to one vote Tor
each share Of stock standing III ms name
on the books OF the Company, SAID vote 10
be cast in person or by proxy, and the ma
| jority OF the votes cast snail eject. 1He
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 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 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, or stockhoders) as they think
proper or convenient for the carrying OF
the Company's business, and they shall Tx
the salaries of all officers, ageAs 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 d.
rector. The Board OF Directors shall have
authority to make and establish, as we'll as
alter and amend, all bylaws, rules and regu-
lations 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
issuance 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 of 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.
tors shall be composed of: VIM. Lyle Richie
son. 1888 State Street, New Orleans, La;
Mark Z; Whitehead, 1918 s. Claiborne ST.,
Richeson, 1888 State ST., New Orleans. La.
OF these, William Lyle Richeson shall be
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, at
ter previous notice shall have been given in
the manner above required TO be given of
the annual meeting of the corporation.
ARTICLE Wifi this corporation shall
be dissolved either by limitation or from
any other cause, its affairs shall be Iiqui.
dated by two or more commissioners to be
appointed at the meeting Of stockholders con.
vened for the purpose of liquidation, and
20 be elected by the vote of all the stock
holders voting upon parity. Said liqul-
datorS shall remain in office until the af-
taIrs or the corporation shall have been
fully settled and lqudated, and they shall
nave tull power and authority to transfer
and give title to ali the property and assets
OF the corporation and to distribute the
proceeds. In case of death, disability or
resignation OF one or more liquidators the
vacancy shall be filled by the survivor OF
survivors.
, ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in sny
further 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
or OF exposing any stakeholder to any liza
bilIty beyond the amount due on his stock
In order that this charter may serve as the
original subscription list, the subscriber:
hereto have indicated opposite their respec
tive signatures the number of stock sub
scrlbed for by each of them
Thus done and passed at my office a,
New orleans, Louisiana, on the day, month
and year herein first above written, in the
presence Of Hazel Green and Nellie Dillon
competent witnesses, who have hereunto sub
scrloed their names, together with me NJ
tary, and the said apeparers, after due read
} ing of the whole
witnesses: Hazel Green, Nellie Dillon.
Corginal Signed Names OF Subscribers
omitted. 0N'io'i
WATTS X. LEVERICH,
Notary Public
l. the undersigned, Recorder of MORTGAGES
IN ana tor the Parish of Orleans State q,
LOUISIANA, do hereby certify that the aho,,s
| ana foregoing Act of INCORPORATION NJ the
: w; L. Richeson Co., Inc, was This day
Folio $50 III DooN iZ<S
: New Orleans. May q, loI9:.
tSigned) EMILE T. IFO[Apn n n