Lower coast gazette., 1909-09-18
CHARTER.


UNITED STATES OF AMERICA. STATE OF
LOUISIANA, PARISH OF P%LAQUEMlNES,
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-Otficio Recorder. duly commissioned and
qualified. in and for the Parish Of Plaquemines.
State of Louisiana. aforesaid therein residing and
and undersigned.
PERSONALLY CAME AND APPEARED. the
several persons whose names are 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
tons for the objects and purposes hereinafter
mentioned. they have covenanted and agreed and
do by these presents, covenant. and agree to bind
themselves to and with each other. az we'll as such
others as may hereafter become associated with
them. to form and constitute a corporation and
body polite in law for the objects and purposes
NhNs NhNANA Ss> A"A A1 SSk
forth in the following articles. to-wit:
ARTICLEI.
The name and title of this corporation shall be
the LOWER COAST MERCHANTS e. GROW
ERS TRANSPORTATION COMPANY. and by
that lame 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 pleasure. to name, and appoint
such managers. directors and officers as its bust.
ness may require. and to make 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 Plaquemines. in the State OF
Louisiana, and all citation and other lega! process
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
the nature Of the business to be carried on By il
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 naviga1
ton. one or more steamship. sail vessels. steam
and gasoline boats. towboats. barges and Other
water craft Of whatsoever description. for th<
transportation Of passengers and freight. fO
! hire. and in the performance of q general lighter
and towboat business. and rendition Of salvage
services on water: to transport United State:
Mails. to purchase. own. maintain and operate
ferry boats. and to do and perform and carry OF
the operation of water craft upon and between
places on rivers. lakes. bays and other waters. ant
upon the high seas. and to ports and places il
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. landing
places and wharves as the business of this com
pany may require: to improve navigation OF
rivers. bayous and other waters: to construc
wharves. landing places and facilities for vessels
to construct, maintain and operate drydocks ant
floating docks suitable for Building and repairing
vessels; to build, rebuild and repair vessels O
every description; and to do such other acts ant
things as may be useful. necessary or convenien
for the welfare and business of said company
Any one or more Of the purposes. objects or pur
suits above mentioned may be carried on withou
regard to carrying on the other objects Sc
forth. 49, '"
ARTICLE w.
The Capital Stock Of this corporation is hcreb.
declared to be in the sum Of Fifty Thousand Dol
lars. represented by Five Hundred Shares of tn
par value of One Hundred Dollars each: which
Shares shall be paid for in cash, property or per
sonal service. This corporation shall begin bust
ness Just as soon as Three Hundred and sixt
Shares of Stock are subscribed for.
ARTICLE v.
The general corporate powers Of this corpora
ton shall be vested in and exercised by a Boar
Of Directors composed of seven persons, each o
whom shall at all times own and hold not less thai
Five Hundred Dollars of the Capital Stock of thi
corporation. The following named persons shall
constitute the first Beard of Directors. to-wit
Paul Zibilich. Paul F. Renaud. J. B. Fastening
". Seurich. P. Cuselich. p. Paretto and Johl
Martello. of whom Paul Zibilich shall serve a
President and Paul F. Renaud shall serve as Man
ager. J. B. Fastening as Vice-President. and v
Scurich as OBSERVATION-DISCLOSURES The Genera
Manager shall be eligable to serve at the one tim
in any other official capacity the Board may de
termine. This Board and said Officers shall cor
tinue in Office for a period Of three years from dat
hereof and shall meet at least once every three
months.
ARTICLE vi.
On the first Monday in August of each year, be
ginning with the year 1912. there shall he a gen
eral meeting of the stockholders ia. elect director!
for the ensuing year. Each Share of Stock shall
be entitled to one vote by the last registered own
er or his proxy. But no share shah be Transferred
on the books of this corporation within ten day!
prior to such meeting. Failure to hold such cleo
ton shall not cause a forfeiture Of this Charter
but the last elected Board shall hold over unit
their successors are duly elected. A special meet
ing Of the Stockholders may be called for any pur
pose upon written request of two members Of tn,
Board Of Directors or upon such request Of Stock
holders owning and holding two-thirds Of tn
Capital Stock of this corporation. after ten day.
notice Of the time Of such meeting is mailed to tn
last known address Of each stakeholder, and al
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