The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-31
CHARTER
OF THE HENRY PETERS DERRICK &
LIGHTERAGE COMPANY
UNITED STATES OF AMERICA, PARISH
OF ORLEANS, STATE OF LOUISI-


OF THE HENRY PETERS DERRICK &
LIGHTERAGE COMPANY.
UNITED STATES OF AMERICA, PARISH
OK ,oE fIE1 IS, S SEw op OF koUIsI,
BE it known, that on this twenty-ifth day
OF the month OF June, in the year one thou
sand nine hundred and thirteen, before me,
ROBERT LeSler, a notary public, duly com
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 we'll
as such other persons as may hereafter ioin
or become associated with them into a 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
corporation shall be the "HENRY PETERS
DERRICK AND LIGHTERAGB COM
PANl, and under that name it shall have
privileges granted by law to corporations !;
1t shall exist for a period OF ninety-nine
years from the date hereof; it shall have
power to contract, sue and be sued In its
corporate name: TO make and use a corpo-
rate seal, and the 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
bonds notes and other obligations: to have
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 domiclle of said cor
poration shall be in the city Of New Orleans,
state OF Louisiana, and all citations and
other legal process shall be served on the
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 be
served on the secretary
| ARTICLE III-The objects and purposes
| for which this corporation is organized, and
the nature OF the business to be carried on
| by 1t are hereby declared to be: to own,
| lease. hire, rent and operate for its own
account or for the account OF Others water
craft, tugs, barges, derricks railroads, tram
ways and canals: to construct and erect or
contract for the construction and erection of
| said water craft tugs, barges. derricks, rail-
roads, tramways and canals. buildings.
docks workshops and mechanical plants to
engage in and conduct a general lighterage
and stevedore business, and generally to do
and engage In any other business, undertak-
ing or enterprise connected with, growing
out OF, germane or incidetal TO any Of the
objects and purposes hereinGbOve set forth
or contemplated by this charter
ARTICLE IV.-The capital stock OF this
corporation Is hereby fixed at the sum OF
one hundred thousand (s1OO, 600 OO) dollars
divided into five hundred (500) shares OF
the par value OF two hundred 1920 00l dol.
lars. each, which said stock shall be paid for
in cash on the call Of the board OF directors
or may be issued at not less than par for
services rendered to or property actually
purchased by the corporation.
i All shares OF stock shall be full paid and
non-assessable. No transfer OF stock shall
be binding upon the corporation unless made
upon its books. and all certificates of stock
shall be signed by such officers as may BE-
checks of the corporation shall be signed
BY the president.
i ARTICLE V.-All the corporate powers
OF this company shall be vested in and tn,
management and control OF its business and
affairs shall be exercised by a board OF di
rectors to be composed OF three stockholders
a majority OF whom shall constitute a quo
rum for the transaction Of all business
Said board of directors shall be elected an
nually on the first Monday Of June In eacf
year, BY ballot OF the stockholders, and eacf
stakeholder shall be entitled in person or b,
stock owned by him and standing In hi
name on the books of the corporation. Al
elections shall be held under such rules and
regulations as may be determined by tn
board OF directors, but after at least tel
, DAYS notice of such election shall have beer
given TO each stakeholder by mall sent Z
his laSt-knOWn address, or DIV publication ii
one of the daily newspapers published II
English in the city OF New Orleans. Thu
! directors thus elected shall hold ONCE 70
one year or until their successors shall hav'
been elected and duly qualified. No failur
Ito hold an election shall be regarded as
forfeiture Of this charter. Any vacancy oc
Touring on said board of directors shall b
! filled by the remaining directors for the IN
. expired term. Said board of directors shall
: at its first meeting after its election, nom
nate and elect from among its number,
president, a vlce-president. a secretary an
treasurer. 1t may combine the two las
mentioned Offices into one, and may eve
I elect a secretary who need not be a stock
, holder Said board Of directors shall hav
: the right to appoint and dismiss such clerks
managers and other employees Of the corpo
ration. including the secretary who Is not
stakeholder or directors as conditions ma
Justify or the business Of the corporation
may require. The tenure Of office Of all tn
employees of the corporation shall be durin
. the pleasure Of the president Of said corpc
ration