The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-29
CHARTER OF THE W. L. RICHESoN
co INC

the wear of our Lord, One Thousand Nine
Hundred and Nineteen, ODD, and OF the
Independence Of the United States Of Amer
lea, the One Hundred and forty-thlrd
Q+3rtD before me, Watts X. Leverch, No
tary Public, duly Commissioned and quail
fled in and for the Parish OF Orleans, there
in residing, and in the presence OF the Wit
nesses hereinafter named and undersigned
persoally came and appeared the several
persons whose names are heTeuntO SUB
scribed. who declared that, avalllng them
selves OF the laws OF this State relative to
the organization OF corporations, they have
covenanted and agreed, and do by these pres
entS covenant, agree, Olnd, form ana consul
tute themselves, as well such persons as
may hereafter join or become associated
with them, into a corporation and body poll
tic in Jaw, for the objects and purposes
and under the agreements and stipulatlons
following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be: The w. L. Rchesor
Co., Inc, and under its corporate name, il
shall enjoy succession for the full term and
period of ninety nine (99) years from and
after the date hereof and shall have power
and authority to contract, sue and be sued
to accept ard receive mortgages, pledges OF
other hypothecatiOns; to make and use
corporate seal and the same to break and
alter at pleasure; TO purchase, receive, lease
hold, otherwise acquire and convey, a:
well as mortgage and hypothecate under its
sonal and mixed; to borrow money and make
and issue bonds and other evidences of debt
and to secure the same by mortgage anC
otherwise; to hold stock in other corpora
tions; to acquire, hold and reissue shares o.
its capital stock; TO join or consolidate witt
and enter into agreements and cooperative
relations not in contravention of law, with
any person or persons, firms, associations Of
corporations, governmental, municipal o.
otherwise, in and about the carrying on anC
9CCnmnlT : n a nr of he DrtrD &c,
Of the Company; TO carry out all of the OBJ
jectS and purposes hereinafter set out; Il
name and appoint such managers and dlrec
tors, officers and agents, as the interest anC
convenience of said corporation may require
and t. make and establish, well as altel
and amend at pleasure, such bylaws, rule:
and regulations for the management ant
regulation of the affairs of the corporation
ds may lie necessary, proper or convenient.
ARTICLE 1.-THE domcle of this cor
poratlon shall be in the Parish of Orleans
State OF Louisiana, and all citations o.
othei legal process shall be served upor
any Of the officers of the corporation.
ARTICLE lII.-The objects and purpose
Tor which this corporation is organized, anC
the nautre of the business to be carried OF
by 1t are hereby declared to be: To con
duct an export, import and domestic freigh
brokerage and forwarding business, and L
conduct and carry on a general service bust
ness in correlated lines; to buy, sell, O.
otherwise deal in grain other commoditie
on commission; and generally, to do al
sucl acts or things may be necessary
proper or convenient for the accompli shine n
OF any OF the foregoing objects and purposes
AkllCLE lV.-lhe capital stock OF thi
corporation is hereby fixed at the sum o
Twenty-Five Thousand (S25,OOOOO) Dollars
Divided into Two Hundred Fifty (250) share
OF One Hundred $4,000 Dollars per share
The amount of the stock may be increase,
to Five Hundred Thousand (S5OO,OOO.OO Dol
whole mr. =
stock shall be paid for in cash, or it ma,
be issued and delivered to any person, firm
or corporation for the acquisition of tn
rights, privileges or property owned or con
srolied by such person, firm or corporation
ior the tar value thereof as appraised b,
me Board OF Directors; and the Board of Di
rectors hereinafter created is specially au
thorlzed to issue and dispose of the stock a
not less than the par value, for any and al
purposes as IN its Judgment may seem fai
ARTICLE Vail the powers of this cor
poration shall be vested in and exercise,
by Board composed of not less than thre
(O nor more than five 50 directors Th
precise number of directors within said limi
shall be fixed by the vote of the stakeholder
al the annual meeting, or at a special meet
ing called for that purpose. Said Board o
Directors shall be elected annually by bal
lot, at a stockholders meeting called 70
that purpose the third Wednesday in Jul!
of each year, Tor the next legal day, if tina
be a holiday after due notice given to tn
stockholders by mail, at least fifteen day
before the date of said meeting. Each hold
er OF stock shall be entitled to one vote TO
each share of stock standing in his nam
on the books of the Company, said vote t
be cast in person or by proxy; and the ma ma
Jorlty of the votes cast shall elect Tn
Board OF Directors shall have the power t
fill all vacancies which may occur or il
any manner arise or be created on III
Board even though quorum remain a
the time such vacancies are to be filled
Failure to elect directors on the day abov
specified shall not dissolve the corporation
but the directors then in office shall re
main in office until their successors ar
elected and qualify. The Board shall elec
from their number a President and Sec
rotary Treasurer; provided that the Boar,
may dispense with any Of said officers, o
may combine any of them, or may elect sucl
other officers (who need not be members o
the Board, or stockholders) as they thinl
proper or convenient for the carrying on o
the Company's business, and they shall fl
the salafies of all officers, agents and EN-
ployees. At any meeting of the Board o
Directors, any director absent from tn
meeting may be represented by any othe
director, who may cast the vote of the absen
director according to the written instructions
either general or special, of said absent di
rector. The Board of Directors shall hav
authority to make and establish, as we'll a
alter and amend, all bylaws, rules and regu
lations necessary and proper for the supper
and management of the business and affair
of the corporation and not inconsistent witt
this charter; and they shall have power Z
authorize the borrowing of money and tn
issuance of notes and the execution of mort
cages and pledges, and generally to do al
Things necessary or convenient for tn
proper carrying on of the business of tn
corporation.
Until the general meeting of the stock
holders for election of directors to be he'll
on the third Wednesday of July, 1920, o
until their duly qualified successors ar
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
New Orleans, La; Lucia Anna Kicker
Richeson, 1888 State St, New Orleans. La
OF these, William Lyle Richeson shall b
President. and Mark E. Whitehead, Secre
tary-Ireasurer.
ARTICLE VI.-This act of incorporation
may be changed. modified or amended, o
the corporation dissolved, by a vote of two
thirds OF the entire capital stock presen
or represented at general meeting of tn
stockholders convened for such purpose, al
ter previous notice shall have been given il
the manner above required to be given O
the annual meeting of the corporation
AKiioLE NlI-if this corporation shall
be dissolved, either by limitation or iron
any other cause, its affairs shall be liaui
dated by two or more commi ssioners to b.
appointed at the meeting of stockholders con
vened for the purpose of liquidation, an
to be elected by the vote of all the stock
holders voting upon a parity. Said liqul
GATORS shall remain in office until the al
fairs OF the corporation shall have bee
| fully settled and liquidated, and they shall
md auth