The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-19
CHARTER.

relations not in contravention OF law, with
any person, or persons, tirhs' asSociadG"S OF
corporations, governmental, municipal OF
otherwise, in and about the carrying on and
accompli shment Of all or any OF the purposes
If the Company; to carry out all OF lhe %
jccss and purposes hereinafter sci OIL -
name ard appoint such managers ana diTct.
tors officers and agents, as the interest ana
convenience Of said corporation may require;
and II make and establish, as well as alter
and amend at pleasure, such bylaws, fuies
and regulations tor the management ana
regulation OF the affairs OF the corporation
!, NAV lie necessary, proper or convenient.
ARTICLE 1.-THE domicle OF this cor
poratIor shall be IN the PARISH OF orleans,
State Of Louisiana, and all citations O.
ot5eI legal process shall be served upon
any of the officers OF the corporation.
ARTICLE III.-The objects and purposes
f5r which this corporation IS organized, and
the uautre OF the business to be carried on
bv il are hereby declared to be: 10 con-
duct an export, import and domestic freight
brokerage and forwarding business, and 10
conduct and carry on d general service bust
ness in correlated lines; 10 buy, sell, OF
otherwise deal in grain or other commodities
on commission; and generally, to do all
su.h acts or things as may be necessary,
proper or convenient Tor the accomplishment
OF any OF the foregoing objects ard purposes.
ARTICLE IV.-The capital stock OF THIS
corporation is hereby fixed at the sum OF
Twenty-Five Thousand (S25,UOOO) Dollars,
DIVIDED into Two Hundred Fifty (25O) shares
of One Hundred (SlOOOO Dollars per snare;
The amount OF the stock may pe g., i dI NJ
10 Five Hundred Thousand (S5OC,UO.OVl Dol,
lars. The whole or any portion OF said
stock shall be paid for in cash, or 1t may
be issued and delivered to any person, iTh
or corporation tor the acquisition OF tHe
rights, privileges or property owned or con
tr0lled by such person, tlrm or coTporatloh'
for the fair value thereof as appraised oy
the Board OF Directors; and the Board Oh "
rectors hereinafter created Is sPeCldIly au
thorized 10 issue and dispose OF the stock al
not less than the par value, for any ana all
purposes as in its judgment may seem faiF
ARTICLE V.-All the powers OF this cor;
poration shall be vested in and exercised
by Board composed Of not less than three
80 nor more than five 81 directors. The
precise number OF directors within sad limit
Shall be fixed by the vote OF the stockholders
AT the annual meeting, at a special meet
ing called for that purpose. SAID Board OF
| Directors shall be elected annually by bal
| lot, at a stockholders meeting called tor
that purpose on the third Wednesday IN July
OF each year, (or the next legal day, II that
| be a holiday after due notice given to the
stock hOlders by mail, at least fifteen days
before the date OF said meeting. Each hold
er of stock shall be entitled to one vote Tor
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
| jorty of the votes cast shall elect. Inc
| Board OF Directors shall have the power TO
| 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 tliled
| 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 a Sec
rotary Treasurer; provided that the Board
/ n of aid
may combine any of them, may elect such
other officers (who need not be members of
| the Board, or stockholders) 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 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-
| 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 shah be composed of: VIM. Lyle Richie
son, 1893 State Street, New Orleans, La. !;
Mark E. Whitehead, 7slS S. Claiborne ST.
New Orleans, La; Lucia Anna Rickert
OF these, William Lyle Richeson shall be
President, and Mark z. 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 a general meeting of the
stockholders convened for such purpose, al
ter previous notice shall have been given in
the manner above required to be given of
the annual meeting of the corporation.
| ARTICLE VII-If this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be liqu-
dated by two or more commissioners to be
appointed 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 af-
fairs OF the corporation shall have been
fully settled and liquidated, and they shall
nave fuil 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 sny
further sum than the unpaid balance due
ION 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.
6ility 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.
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
competent witnesses, who have hereunto sub
scrioed their names, together with me. M.
tary' and the said apeparers, after due read.
witnesses: Hazel Green, Nellie DilIon
Original Signed) Names of subscribers
WATTS K. LEvERICH,
A.. Notary Public
IN and tor the Parish of Orleans, State Of
LOUISIANA, do hereby certify that the ahove
ana foregoing Act of INCORPORATION Of tbe
w; L. Richeson Co., Inc, was This dav
Folio $50 " DOoA i<@o'