Lower coast gazette., 1909-09-25
CHARTER.

SlAfAEN LIN
UNITED STATES OF AMERICA. STATE OF
LOUISIANA. PARISH OF PLAQUEMlNES.
TOWN OF BURAS.
BE IT KNOWN. That on this 3lst day Of the
month of July. in the year Of Our Lord. One
Thousand Nine Hundred and Nine.
BEFORE ME. Ernest Albert. a Clerk of Court
and Ex-OARcio Recorder. duly commissioned and
qualified. in nd for the Parish Of Plaquemines.
State of Louisiana. aforesaid. therein residing and
inthe presence of the witnesses hereinafter named
and undersigned,
PERSONALLY CAME AND APPEARED. the
several persons whose names ore hereunto sub
scribed. who declare. each for himself. that avail
Ing themselves Of the provisions of the laws OF
this State. relative to the organization of corpora.
lions for the objects and purposes hereinafter
mentioned, they have coveRanted and agreed and
do by these presents. covenant. and agree to bind
themselves to and with each other. as well as such
others az may hereafter become associated with
them. to form and constitute a corporation and
body polite In law for the. objects and purposes
and under the stipulations and conditions AZ set
1OTlu III InC lONfO"IIlk 0I&lSICo' N~"Ab'
ARTICLEL.
The name and title OF this corporation shall be
the LOWER COAST MERCHANTS & GROW
Frs TRANSPORTATION COMPANY. and by
that name it shall have the power and authority
to enjoy succession and existence for a period Of
ninty-nine years from and after the date Of these
presents: to contract. sue and be sued. to make.
use and have a corporate seal and. the same to
break and alter at pleasupe. topame. and appoint
such managers. directors bnd officers as its bust
ness may require. and tomake and establish such
laws. rules and regulations for the proper man.
agement of the affairs of said corporation as may
be deemed necessary. ., ....
ARTICLE
The domicile of this corporation shall be in
Buras. Parish of Paquemines. IN the State of
shall be served on the President, and in his alb.
sence on the Vice-President. and in the absence
of both of said officers. then on the Secretary.
ARTICLE III.
The objects and purposes for which this corpor.
alton is created. established and organized. and
LDS NbIulCO y Itc OuotAeo6 " w SnAAiCu VII " !
are declared to be. to lease. hire. charter. con-
struct, purchase and own and to man. equip. main.
tain and Operate for sea, coast and inland paviga'
ton. one OF more steamship. sail vessels. steam
and gasoline boats. towboats. barges and othel
water craft Of whatsoever. description. for tn
transportation of passengers and freight. TO-
hire. and in the performance of a general lighter
and towboat business. and rendition Of salvage
services on water; to transport United State'
Mails. to purchase. own. maintain and operat'
ferry boats. and to do and perform and carry o,
the operation of water craft upon and between
places on rivers. lakes. bays and other waters. ant
upon the high seas. and 20 ports and places !
foreign countries. to construct, charter. purchase
own, maintain and operate dredges. scows, float
ing elevators and pile drivers: to acquire by pur
chase, lease or otherwise. ware houses, landinI
places and wharves as the business Of this com
pany may require: to improve navigation o
rivers. bayous and. other waters: to %construc
wharves. landing places and facilities for vessels
to construct, maintain and operate drydocks an
floating docks suitable for building and repairn
vessels: to build. rebuild and repair vessels q
every description: and to do such other acts an
things as may be useful, necessary or convenien
for the welfare and business of said compan,
Any one OF more of the purposes. objects or put
suits above mentioned. may be carried on withou
regard to carrying on the other objects 81
forth.
ARTICLE w.
The Capital Stock Of This corporation is hereh
declared to be in the sum Of Fifty Thousand Do
lars. represented by Five Hundred Shares Of Il
par value Of One Hundred Dollars each: whic
Shares shall be paid for in cash. property or pc
sonal service. This corporation shalt begin bus
ness just as soon as Three Hundred Ind Six,
Shares Of Stock are subscribed for. e.. j.,
ARTlCLEV v.
The general corporate powers Of this corpor
ton shall be vested in and exercised BY 3 Boel
Of Directors composed of seven persons. each
whom shall at all times own and hold not less ths
Five Hundred Dollars of the Capital Stock of tn
corporation. The following named persons shs
constitute the first Board Of Directors to-wi
Paul Zibilich, Paul F. Renaud. J. b. F~Asterlin
v. Scurich, P. Cuselich, P. Paretto and Jot
Martello. Of whom Paul Zib;iich shall serve
President and Paul F. Rensud shall serve a Ma
ager. J. B. Faaterling IS Vice-President. and
Seunch rs Secretary Treasurer. The Gener
Manager shalt be eliesbse to serve 1t the one tin
in any other odscisl capacity the Bosrd may 4
termtpe. This Board and sadd Officers shall 90
dnue in Office for . period Of three years from d.
hereof and shall meet At least once every thr
months
~ . ARTICLE VI -,
On the first Monday in August Of each year, b
ginning with the year 1912, there shall be q GO
. er,l meeting Of the stockholders to elect directo
for the ensuing year. Each Share Of Stock sh,
: be entitled TO one vote BY The hist registered ow,
er orlhis proxy. But 1bshass iAall b eansfer1'
on the books Of tbs ess1os.aoe~ within. ten d:
;. prior to such. meeting. Failure. 70 hold such ele
ton shall not eause q fotfstufe Of this Chart<
but the last elected Board sAhaA hold over un'
E their successors are duly elected. A special NEE
ing of the Stockholders may be called for any pu
pose upon written request Of two members Of t
Board Of Directors or upon such request of Stoc
holders owning and holding two-thirds of t
e Capital Stock Of this corporation, after ten de-
notice of the time Of such meeting is mailed 70 t
last known address of each stakeholder. and
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