The herald. [volume] (New Orleans, La.) 1905-1953, 1913-07-10
" ARTER
CHARTER
OF THE HENRY PETERS DERRICK &
LlGIITERAGE COMPANY.
UNITED STATES OF AMERICA, PARISH
NE ARl.EANS SI AIE AE IAI-ISI L

N
LIGHTERAGE COMPANY.
UNITED STATES OF AMERICA, PARISH
OF ORLEANS, STATE OF LOUISE.
ANA, CITY OF NEW ORLEANS.
Be 1t known, that on this twenty-fifth day
of the month of June. In the year one thou
sand nine hundred and thirteen, before me,
Robert legier a notary public, duly COM
miSsioned. 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
objects and purposes, and under the agree
ments and stipulatiOns following to-wit
ARTICLE 1.-The name and style of this
corporation shall be the "IIENRY PETERS
DERRICK AND LIGHTERAGE COM
PANY," and under that name II shall have
and enjoy all the rights, advantages and
privileges granted by law to corporations {;
it 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 domicile 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-presdent 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
| the nature of the business TO be carried or
| by Ii are hereby declared to be: to own
| lease. hire, rent and operate for its owl
| account or for the account OF others, water
craft, tugs. barges, derrlcks. railroads, tram
ways and canals: to construct and erect oil
contract for the construction and erection o.
| said water craft tugs, barges, derricks, rail
roads, tramways and canals, buildings
docks workshops and mechanical plants; Il
engage in and conduct q general lighterag q
and stevedore business, and generally to d.
and engage in any other business. undertak
| ing or enterprise connected with, CROWN!
out or, germane or incidetal to any OF TIL
objects and purposes hereinabOve set fortl
| ARTICLE IV.-The capital stock OF thi
corporation is hereby fixed at the sum o
one hundred thousand $500, 0O0.OO) dollars
divided into five hundred (5OO) shares o
the par value Of two hundred ($20000) dol
lars, each, which said stock shall be paid 70
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 actual!
purchased by the corporation.
All shares of stock shall be full paid an,
non assessable. No transfer of stock shal
be binding upon the corporation unless mad
upon its books. and all certificates OF stoc
shall be signed by such officers as may b
designated by the board of directors. A
checks of the corporation shall be signe
by the president.
/, ARTICLE V.-All the corporate power
J OF this company shall be vested in and tn
management and control of. its business an
affairs shall be exercised by a board Of d
rectors TO be composed OF three stockholderi
! a majority of whom shall constitute a quo
rum for the transaction of all bushes.
Said board OF directors shall be elected ar
nually on the first Monday Of June In eac
: stakeholder shall be entitled in person or b
written proxy to one vote OF each share {
stock owned by him and standing In h
2 name on the books OF the corporation. A
elections shall be held under such rules an
5 regulations as may be determined by IN
: board OF directors, but after at least re
r days notice Of such election shall have bee
given to each stakeholder by mail sent
: his last-known address, or by publication
$ one of the daily newspapers published
; English in the city OF New Orleans. TT
r directors thus elected shall hold ONCE fc
Z one year or until their successors shall hay
' been elected and duly qualified. No failul
TO hold an election shall be regarded as
: forfeiture Of this charter. Any vacancy o
curing on said board OF directors shall
i filled by the remaining directors for the n
e expired term. Said board of directors sha
: at its first meeting after its election, non
. nate and elect from among its number,
) president. a vice-president. a secretary an
treasurer 1t may combine the two la
q mentioned Offices into one, and may eve
4 elect secretary who need not be stoc
' holder Said board Of directors shall ha7
|. the right to appoint and dismiss such clerk
, managers and other employees OF the corp
n ration, including the secretary who Is not
, stakeholder or directors as conditions MI
= Justify or the business of the corporate
4 NAV require. The tenure of office OF all q
II employees of the corporation shall be duril
. the pleasure of the president or said corp
ration