Lower coast gazette., 1909-08-21

70 njoy succession and existence for a period OF
ninty nine years from and after the date OF these
nresents: to contract, sue and Ike sued. to make.
use and have a corporate seal and the same to
break and alter at pleasure, to name and appoint
such maracers, directors and officers AZ its bus'-
ness NAV require. and to make and establish such
laws. rules and regulations for the proper man
aserent Of he affairs Of said corporation as may
. be deemed necessary.
ARTICLEH
The doricile Of this corporation shall De W
Burss, Parish of Plaquemines, III the State OF
Louisiana. and all citation and other legal process
shall te scrvet or 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 ard purposes for which TINS eorPor'
alton is created, established and organized. and
the nature of the business to be earned on py II
are declared to be. to lease, hire. charter con-
s.r,,ct. purchase and own and to man. equip. main
ta;n and operate for sea. coast and inland nav:ga-
t ton, one or more steamship, sail vessels. steam
j and gasoline boats. towboats, barge' ana otheE
water craft Of whatsoever Description lo' inc
TRANSPORTATION of passengers and f1c'Hht' 'oF
: hire. and in the performance OF a general llRh'er-
e and tov;boat business. and rendition OF salvage
serv;ccs on water: to transport United States
Mail, TO purchase, own. maintain and operate
- ferry boats. and to do and perform ard carry or
the operation Of water craft upon and pet"ee'
nlaces on rivers. lakes. bays and other waters anu
r. ,pon the high seas. and to ports and places III
foro;on countries, to construct, charter, purchase.
. o,vn maintain and operate dredgCs. scows, float
II ;no elevators and pile drivers: to acquire by pur-
% chase. lease or otherwise. ware houses. landing
l. places and wharves as the business OF 'h's co"-
= pany may require; to improve Navigation "'
rivers, bayous and other waters: to construct
y wharyes, landing places and facilities FOR vessels:
"a to construct. maintain and operate drydocks ana
g. floating docks suitable for building and repairing
~. vessels: to build. rebuild and repair vessels OF
every description: and to do such other acts anu
q things as may be useful, necessary or convenient
for the welfare and business OF sa,d company
lid ANY one or more of the purposes, objects or pur'
Il suits above mentioned may be carried on withou'
regard to carrying on the other objects Sc
forth.
ARTICLE w.
The Capital Stock OF tnlS cOrpofdtloh u HS'>"
est declared to be in the sum Of Fifty Thousand Do'
lars. represented by Five Hundred Shares Of tn
mar value of One Hundred Dollars each: wh'c
Shares shall be paid for in cash. property or pei
an sonal service. This corporation shall begin bus
in ness lust az soon as Three Hundred and SKI
>rL Shares Of Stock are subscribed for.
ARTICLE v.
The general corporate powers Of this corpo7
ON t;on shall be vested in and exercised by a Boa
ted of Directors composed Of seven persons, each
whom shall at all times own and hold not less TN
Five Hundred Dollars of the Capital Stock OF tn
Yea corporatiou. The following named persons sh'
OF constitute the first Board OF Directors tow
cen Paul Zib;lich, Paul F. Renaud. J. B. Fasterl'n
oOO v. Scurich, P. Cusclich. p. Paretto and Jo
-, Martcllo, of whom Paul Zibilich shall serve
'"e President and Paul F. Renaud shall serve as Ma
Volr acer, J. B. Fastening as Vice-President' and
lies. Scurich as Secretary Treasurer. The Gene
tho Manager shall be eligable to serve at the one u
ooo in any other official capacity the Board may
termine. This Board and said Officers shall C
mllo +;nuc in Office for a period Of one year from d
mum . hereof and shall meet at least once every IN
300 months.
5O,- N...:s n,o,s+ 81 eoch wear
, 60 :Sa;na ,;,b the vear 1917. there shall be o 6
eral meeting of the stockholders to elect direct
this for the ensuing year. Each Share OF Stock s.
he entitled to one vote by the last registered o
' er or his proxy. But no share shall be transfer
4oo on the books Of this corporation within ten q
and prior to such meeting. Failure to hold such e
the ton shall not cause q forfeiture of this Char
" hut the last elected Board shall hold over U
their successors are duly elected. A special m
25,- ;na ~ Tho stockholders may he called for any
pose upon written request OF two members oi
COM Board of Directors or upon such request OF 81
! % holders owning and holding two-thirds OF
Capital Stock Of this corporation. after ten
puy notice of the time of such meeting il mailed II
pas ,ast known address Of each stakeholder. ant
ition. advertisement Of the time of such meeting IS
lished in an established newspaper at the don
NJ the company, at least three days prior ia
~" time fixed therefor.
ed. ARTICLE VII.
N an No Stakeholder shall ever be held liable o
SITS s~ponsib'e TOR the contracts or 'Au.ss :" ~ ,' ~,
~ ~poration in any further sum than the III
'e"' balance due to the Company on the Shares o
We no by him: nor shall any mere informally in or
the cation have the effect Of rendering this On
IL :, null or of exposing a Stakeholder to any liza
beyond the amount of his stock.
Ihey ARTICLE VIII.
i'd by The Capital Stock of this corporation mi
Id get. increased or decreased in the manner provid
NV law of this State. and this Charter. or A
1ncornorat;on may be modified. change
- -, -AL:,. o.oosn<;rn rooy no dissolve
vote OF two-thirds Of the Capital Stock repr
ed at q meeting called for the purpose in the
ner provided for in article vi Of this Act;
Stockholders holding two-thirds of the ST.
this corporation will not request such q MI
AoA then. upon the request of the Stockholders
'fOLD ing and owning a majority of the Shares OF
Plaque of this corporation. such a meeting shall be
after notice of the time and place OF such
ing is mailed to the last known OK register
dress of each Stakeholder. and after furth
alton. tice Of the time and place of such meeting i
2 $500 ,shs, Of tho dom;cile Of the Company. a
State fo,r times within thirty days prior to Il
will be meeting, and in case of dissolution Of this c.
ools for .:on ito affairs shall be liquidated by three
10, and m;ss;oners selected BY the Stockholders
OILS for moa.;no which decides upor the said liqui
:, July IN the event Of the death or inability Of
its ex- more Of said liouidators to serve. the ren
:: yer liquidators or liquidator, shall continue to &
tnese shall complete the liquidation.
without Tho undersigned set opposite their res
names the amount or number Of Shares O
VIII oe subscribed for by them respectively and t
~ anu subscription as so set forth to stand for
fersols the subscription list IS required by law.
old the Thus done and passed at my Office in Il
should If Rura,, Parish of Plaquemines. on t
to the uorth and vcar first above written in II
8. ence of Paul Balleverio and George Collin.
Ohm, th;s town. and competent witnesses. VI