The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-17
CHARTER
OF THE HENRY PETERS DERRICK s
LIGHTERAGE COMPANY.
UNITED STATES OF AMERICA, PARISH
OF ORLEANS, STATE OF LOUlSl'

L.
UNITED STATES OF AMERICA, PARISH
OF ORLEANS, STATE OF LOUISE.
ANA, CITY OF NEW ORLEANS.
Be it known, that on this twenty-fifth day
or the month OF June, in the year one thou
sand nine hundred and thirteen, before me,
Robert Legier, notary public, duly COM
mlssioned, qualified and sworn in and for
the parish OF Orleans, state Of Louisiana,
| aforesaid, therein residing, and in the pres
ence OF the witnesses hereinafter named and
undersigned; personally came and appeared
the persons whose names are hereunto sub
scribed, who declared that, availing them
selves Of the provisions Of the laws OF this
state relative to the organization of corpo-
ratlons, they have cOvenanted and agreed,
and do, by these presents, covenant, agree.
bind form and constitute themselves as well
as such other persons as may hereafter join
or become associated with them into cor
poration and body polite in law, for the
| objects and purposes, and under the agree
ments and stipulations following to-wit:
| ARTICLE THE name and style Of this
DERRICK AND LIGHTERAGB COM
| PANY," and under that name 1t shall have
and enjoy all the rights, advantages and
It shall exist for period of O ni0ety niSe
years from the date hereof; 1t shall have
| power to contract, sue and be sued In its
corporate name: to make and use a corpo-
rate seal, and tie same to break or alter at
pleasure; to hold, receive, purchase, con-
vey, mortgage, hypothecate or pledge pro-
perry, real, personal or mixed to issue
and employ such managers, directors, Off
GERS, agents and other employees as the in
terest and convenience of said corporation
may require or demand: and to make and
establish such bylaws, rules and regulations
for the corporate management and control
of the business and affairs of said corpora
ton as may be deemed necessary or expedi-
ent
ARTICLE 1.-THE domicile of said cor.
=, pOration shall be in the city of New Orleans
state of Louisiana, and all citations and
10TH Chal ha he
, president of said company and in his alb
sence on the vice-president of said corpo
, ration. In the event OF the absence of both
of said officers then said process shall b,
/; served on the secretary
ARTICLE III.-The objects and purposes
for which this corporation is organized, and
: by it are hereby declared to be to own
lease, hire, rent and operate for Its owl
. account or for the account Of others, watel
: craft, tugs, barges, derricks, railroads, tram
ways and canals to construct and erect o.
e contract for the construction and erection o
z said water craft tugs, barges, derricks, rail
roads, tramways and canals, buildings
/. docks workshops and mechanical plants t.
engage in and conduct a general lighterag
!. and stevedore business, and generally to d.
and engage In any other business, undertak
ing or enterprise connected with, growing
out of, germane or incidetal to any Of tn
: objects and purposes hereinabove set fortl
or contemplated by this charter.
ARTICLE Iv;-The capital stock of thi
! one hundred thousand (s1Q0, 900 OO) dollars
divided into five hundred (500l shares o
=, the par value of two hundred (S200.O0l do
|. lars, each, which said stock shall be paid 70
7 in cash on the call of the board of directors
: or may be issued at not less than par 70
!, services rendered to or property actuall
u purchased by the corporation.
!, All shares Of stock shall be full paid an
J, non assessable No transfer of stock shal
. be binding upon the corporation unless mad
!, . upon its books; and all certificates Of stoe
j designated by the board OF directors. A
5 checks Of the corporation shall be signe
8 by the president.
], ARTICLE V-All the corporate power
70 Of this company shall be vested in and tn
b management and control OF its business an
E. affairs shall be exercised by board Of d
r. rectors to be composed of three stockholder'
lie a majority Of whom shall constitute a. quo
E. rum for the transaction of all business
Said board of directors shall be elected al
Is nually on the first Monday Of June In eac
D. year by ballot OF the stockholders, and eac
re stakeholder shall be entitled In person or B
T. written proxy to one vote of each share
st stock owned by him and standing In b
lie name on the books of the corporation. A
a. ELECTIONS shall be held under such rules an
Is regulations as may be determined by II
r board Of directors, but after at least te
er days notice of such election shall nave pee
n given to each stakeholder by mall sent
D. his last-known address, or by publication
es one of the daily me- spapers puDllshed, n,
b English in the city Of New Orleans IT
or directors thus electeu Sndii noiu oHsC ~
Of one wear or until their successors shall ha'
nv been elected and duly qualified. No failu
TO hold an election shall be regarded as
r. forfeiture Of this charter. Any vacancy, Q
IS. curing on said board Of directors shall
Id filled By the remaining directors for the u
he expired term. Said board of directors sha
"a. or its first meeting after its election, non
a. nate and elect from among It's number,
o. president, a vice-president, a secretary al
a treasurer 1t may combine the two Ia
IL mentioned offices into one, and may ev,
N elect a secretary who need not be stoc
~ holder. Said board of directors shall ha
j. the right to appoint and dismiss such cleri
h. managers and other employees OF the corp
In ration. including the secretary who Is not
" stockholder or directors as conditions M
n Justify or the business Of the corporati
nd NAV require The tenure of ofhce OF all {
IN employees of the corporation shall be durl
Az the pleasure Of the president of said corr
ration.