The herald. [volume] (New Orleans, La.) 1905-1953, 1913-05-01
CHARTER

OF THE GREAT RIVER BARGE LINE"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be 1t known, that on this 31st day of the
month Of March, in the year OF our Lord,
one thousand nine hundred and thirteen
and of the independence OF the United States
of America, the one hundred and thirty
notary public, duly commissioned and quail
flied, In and for the city of New Orleans,
parish of Orleans, state of Louisiana, there
In residing, and In the presence OF the wit
neSses hereinafter named and undersigned,
personally came and appeared the parties
whose names are hereuntO subscribed, who
declared that availing themselves Of the
provisions of the laws OF this state, relative
to corporations, they have covenanted and
agreed, and by these presents covenant, agree
and bind themselves, as well as such other
persons as may hereafter become associated
with them to form and constitute a corpOr-
alton and body polite in law, for the pur-
poses and objects, and under the stipula.
tiOns and articles and conditions following
tO-wit:
ARTICLE /.
The name and style Of this corporation
shall be the Great River Barge Line" and
under this name IL shall have and enjoy all
the rights, privileges granted by law toI
corporations; it shall have corporate eX-
istence for a period of twenty five years
(2j) from this date; 1t shall have power to-
contract, sue and be sued in its corporation
a.,
and the same 10 break at pleasure: TO hold
have, purchase, convey, sell lease, mortgage,
hypothecate or pledge property, real, per
sOnal or mixed; to have and employ such
officers, directors, managers, agents and all
other employees as the interest and cOnve
nience of the said corporation may require
10 make and establish such bylaws, rules
and reGulat lions for the proper management
and control of its affairs as may be neces
Sary and eXpedient; and generally for the
purpose and objects Of its business; to eX-
ercise all the rights and powers granted by
law to corporations.
ARTICLE II.
The dOmicle of this corporation shall be
In the city OF New Orleans, La, and all
served upon the president, and, in his alb
sence upon the vice-president, and in the
absence OF both, upon the secretary of this
corporation.
The objects and purposes for which this
corporation is organized and the nature of
business TO be carried on by ii are hereby |
declared TO be: to transport, import, buy
and produce anywhere in the world; TO OPP
crate steamships, steamboats,. towboats and II
other means OF transportation; TO own,
lease, purchase and use any and all kinds !
OF property, real, personal and mixed.
ARTICLE ".
The capital stock OF this corporation is |
hereby fixed at the sum Of forty-five thou
sand dollars (S45, 100000, TO be represented
by nine hundred (900) shares of the par
value OF $4,000 each. The board of direc-
tors shall have the right to issue shares OF
stock only for cash, services rendered, mer- !
chandise, property or other valuable con-
siderations, as they may see fit.
All shares of stock shall be worcestershire |
and no transfer OF stock shall be binding |
upon this corporation unless made and re- |
corded upon its books.
This corporation may become a going con-
Germ and authorized to do business under |
this charter as soon as the sum OF three
Thousand dollars tS3.0OO.0O) of its capital
stock shall have been subscribed for.
ARTICLE V.
The corporate powers of this corporation
snail be vested in and exercised by a board
OF directors, composed of four "a directors
majority of whom shall constitute a quo
rum for the transaction of business, which
meeting of the stockholders Of this corpor-
alton to be held on the second Tuesday in
January in each year, and notice of such
election shall be given by the secretary In
said notice in regular manner in a sealed
envelope addressed to such stakeholder at
his last known address as may apear on the
stock book OF this corporation.
After said board Of directors shall have
been elected, they shall al their first meeting
elect from their own number a president
and a vice-preSident. They shall also elect
secretary and treasurer, or one person
TO NIL both offices OF secretary and treasurer
either or whom may or may not be a mem
Der of the board of directors, or a stock
Immediately upon the signing of this
charter, the stockholders shall elect the
hrst board of directors Of this corporation,
to serve this corporation under this charter
until the second Tuesday In January, 1914
The election for directors shall be by
ballot, and the majority in amount Of stock
holders voting whether present or by proxy,
shall elect the persons for whom they are
cast. Each share of stock voted upon to
be counted for one vote. Any failure from
any cause whatsoever to elect directors on
q 10 hnN - |
dissolve this corporation, but the directors
and officers then in office shall hold over
until their successors are chosen and quail
fed.
The board Of directors shall have full
power and authority to fill vacancies in their
number caused by death, resignation, or
otherwise. The said board Is further au-
thorized to frame and adopt such bylaws,
rules and regulations as the affairs and
business of the company may require and
lt may deem necessary for the conducting
does not conflict with this charter, and
the laws Of the state of Louisiana, and those
of the United States
The board Of directors shall have full con-
troi or the property OF this corporation,
and shall so conduct, manage and use the
same as In Its discretion 1t may deem ft
and consistent with the objects of this cor
poration and Its welfare.
The board Of directors NAV, from time
10 time, name and appoint all such officers,
agents and employees as may be necessary
lot tne proper management OF the business
and affairs Of this corporation it shall have
power to fix and define the duties of all
such officers and employees, and all such
officers and employees shall hold office at
the pleasure of said board
ARTICLE VI.
This act Of Incorporation may be changed.
modified or amended, or this corporation
may be dissolved with the consent OF three
fourths (3-4) of the capital stock repre-
sented at general meeting of the stock
holders called for that purpose after ten
days notice as provided in Article V.
Any change proposed or made with refer
ence to the increase or decrease of the cap-
ital stock shall be in accordance with the
laws OF the state Of Louisiana, with refer
ence to the alteration of the capital stock
OF corporations
In case OF the dissolution or termination
or this corporation, either by Limitation of
its charter or for any other cause. its affairs
shall be liquidated by three commissioners,
selected by the stockholders at a general
meeting called for that purpose as hereina-
boye set forth, which said commissioners
shall remain in office until the affairs of
this corporation shall have been fully lidui-
dated. In case Of the death or resignation.
or fncapacity Of one or more of the COM