The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12
CHARTER.

relations not in contraventon Of law, VIII
any person or persons, firms, associations o
corporations, governmental, municipal o
otherwise, in and about the carrying on an
aCcomplI shment OF all or any OF the purpose
If the Company; to carry out all OF the Oh
jects and purposes hereinafter set out; I
name and appoint such managers and dlrec
tors, Ctf.-erS and agents, as the interest an
convene Of said corporation may require
and Il make and establish, as well as alte
aud amend at pleasure, such bylaws, rule
and regulations for the management an
regulation OF the affairs OF the corporation
| ds may Ice necessary, proper or convenient
ARTICLE 1.-THE domicile OF this cor
pordtlor shall be in the Parish OF Orleans
State Of Louisiana, and all citations 0
other legal process shall be served upol
any Of the officers OF the corporation.
ARTICLE III-The objects and purpose
Tor winch this corporation IS organized, am
the ndutre of the business to be carried OF
by ii are hereby declared to be: To con
duct all export, import and domestic freigh
brokerage and forwarding business, and 1
conduct and carry on a general service bust
ness in correlated lines; to buy, sell, o.
otherwise deal in grain other commodltie
on ommssion; and generally, to do al
such acts or things as may be necessary
proper or convenient for the accompl shmen
OF any OF the foregoing objects and purposes
! ARTICLE IN.-The capital stock o. thu:
corporation is hereby fixed at the sum o.
Twenty-Five Thousand GS25,0O0OO) Dollars
Divided into Two Hundred Fifty $50 shares
of One Hundred (SlOOOOl Dollars per share
| The amount OF the stock may be increased
IN Five Hundred Thousand (SJD,OOUO) Dol.
| lars The whole or any portion OF sand
| stock shall be paid for i'll cash, or 1t may
| be issued and delivered to any person, fIIn
or corporation Tor the acquisition OF the
rights, privileges or property owned or con-
| trolled bv such person, firm or corporation
for the fair value thereof as appraised Dy
the Board of Directors; and the Board OF Dl'
rectors hereinafter created Is specially au'
! thorized TO issue and dispose OF the STOCK az
| not less than the par value, for any and all
purposes in its judgment may seem taiT
ARTICLE V.--All the powers OF this cor,
| poraton shall be vested IN and exercised
| bv Board composed of not less than three
! 81 nor more than five 90 directors. Inc
| precise number OF directors within SAID limit
! shall be fixed by the vote OF the STOCKHOLDERS
| at the annual meeting, or at a special meet
ing called for that purpose Sand 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, Cor the next legal day, II mat
be a holiday after due notice gwen to the
stockholders by mall at least fifteen days
before the date of said meeting. Each hold
err 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
jority of the votes cast shall elect. The
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 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,
but ths 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 fix
the salaries of all officers, agents and en-
ployees. Al 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
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, 1898 State Street, New Orleans, La
Mark E 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.
may be changed, modified or amended, or
the corporation dissolved, by vote of two
thirds OF the entire capital stock present
or represented at a general meeting of the
ter previous notice shall have been given in
the manner above required to be given of
the annual meeting of the corporation.
ARTICLE Wilt this corporation shall
De dissolved, either by limitation or from
any other cause, its affairs shall be lioui-
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
have full power and authority to transfer
and give title to all the property and assets
of the corporation and to distribute the
proceeds. In case of death, disability or
resignation of one or more liqudators, 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
on the shares of stocks 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 LA
bliity 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
scIIbed for by each of them.
thus done and passed at nv 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.
scrlOed their names, together with me, No.
tary, and the said apeparers, after due read |
ing of the whole '~"N
witnesses: Hazel Green, Nellie Dillon.
omitted. 'NO'eiioeis
WATTS K LEVERICH.
Notary Public |
. l. the undersigned, Recorder of MORTGAGES
IN and tor the Parish of Orleans State NJ |
LOUISIANA, do hereby certify that the abon,e |
an ana foregoing Act of incorporation of the |
W; L. Richeson Co., Inc, was This day
Folio $50 :" DooA i@%o'
New Orleans, May %, 1ol9:.
tSigned) EMILE IFONApn n N /