The herald., 1912-02-15


ioin or become associated with them, into
a corporation and body polite in law. for
the objects and purposes and under the
agreements and stipulationS following. To-
wit:
ARTICLE l.
The name and style of this corporation
shall be THE BAYOU COMPANY" add
under that name il shall have and enjoy
all the rights and privileges granted by law
to corporations: il shall exist for the period
of ninety-ninc years from this day II shall
have the power TO contract, sue and be
sued in its corporate name. 10 make ana
use a corporate seal, 10 hold, receive, pur-
chase. convey. mortgage, hypOthecate or
pledge property. both real and personal. Is
sue bonds. notes, and other obligations, TO
have and employ such managers, directors,
officers. agents and other employees as me
interest and convenience or said corporation
NAV require. and to make and establish such
bylaws. rules and regulations for the proper
management and control of the affairs OF
said corporation, through its board of di-
rectors, as may be necessary or expedient.
ARTICLE II.
The domicile Of said corporation shall be
in the city Of New Orleans, in this state,
and all citations and other legal process
shall be served on the president, and, in his
absence on the vice-presdent, and in the
absence of both. on the secretary treasurer
OF Sdlu tOIpoldlioh'
ARTICLE III.
The objects and purposes of this corpor-
alton and the nature of the business TO be
carried on by it, are hereby declared to be,
10 own. purchase, sell, hold and lease, all
vessels for the navigation of water and
their employment for hire or otherwise
ARTICLE ".
The capital stock of this company shall
be the sum of three thousand dollars u.s.
900. OO), to be divided into and represented
by thirty 800 shares of one hundred dol
lars each (S100.00). All shares of stock
shall be full paid and worcestershire. No
transfer of stock shall be recognized. unless
made pursuant TO bylaws and recorded upon
the books of the company.
ARTICLE V.
All the corporate powers of this corpor-
alton. and the management and control of
its affairs shall be vested in and exercised
by board of directors, composed OF three
stockholders. a majority of whom shall con-
stitute quorum for the transaction of all
business; said board shall be elected on the
of each year,
and shall. Immediately after their election
select from among their number presi
dent, vice-president and a secretaryItreas-
-urer.
ARTICLE VI.
This act of incorporation may be changed
modified or altered. or this corporation may
be dissolved with the assent OF three-fourths
of the stock, present or represented, at a
general meeting convened for that purpose,
and after at least ten days written notice
shall have beer given through mail. adj
dressed TO each stakeholder at his last
known place of residence.
ARTICLE VII.
No stakeholder shall ever be held liable
or responsible for the contracts, faults Or
debts of said corporation, nor shall any
mere informality in its organization have
the effect of rendering this charter null or
of exposing a stakeholder to any liability
beyond the unpaid balance due on the shares
owned by him.
ARTICLE VIII.
In case of dissolution OF this corporation
by the expiration of this charter or other
wise, the stockholders shall elect three liqui-
dators who shall have full authority to
wind up the affairs of this company. In
the event of the death or disability OF any
one of said commissioners, the survivors, or
the remaining liquidators, shall appoint a
successor to him. This company shall be
going concern as soon as $4,000 of its
capital stock shall have been subscribed.
Immediately after the signing of this
charter. the stockholders shall elect the first
board of directors to serve until the election
to be held
Thus done and passed in my Office. on the
day. month and year first above written,
in the presence of Peter Harvey and Horace
Roos, competent witnesses, who have signed
with the parties and me, the notary, after
reading of the whole: each Of the signers
having indicated opposite his name the num-
Der of shares subscribed for by him, In or
der that this may serve as the original sub
scription list.
p. F. MOSES,
WILL II. MOSES.
HARRY L. MOSES.
Witnesses Peter Harvey. Horace Roos
BERTRAND /. CAIN,
Notary Public.