The herald., 1913-04-10
CHARTER

CHARTER
OF THE GREAT RIVER BARGE LINE"
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be it 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
seventh, before me, Edgar Mayer Calm,
notary public, duly commissioned and qual-
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 may hereafter become associated
with them TO form and constitute 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:
The name and style Of this corporation
shall be the Great River Barge Line" and
under this name, 1t shall have ana ENJOY an
the rights, privileges granted by law to
corpora tons; II shall have corporate eN-
istence for a period OF twenty-five years
(25) from this date; 1t shall nave power 10
4.
name; 10 make and use a corporate seal,
and the same TO break at pleasure; 10 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 regulations for the proper management |
and control of its affairs as may be neces- /
sary and expedient; and generally for the
obi Of Inns nos N NJ
ercise all the rights and powers granted by |
law to corporations.
ARTICLE III.
The domicile of this corporation shall he
in the city of New Orleans, La, and all
citation or other legal process shall be
served upon the president, and, in his alb |
absence OF both, upon the secretary of this
ARTICLE Ill.
The objects and purposes for which this |
corporation is organized and the nature of
business 10 be carried on by il are hereby |
declared to be to transport, import buy
and sell bananas and other tropical fruits |
and produce anywhere in the world; TO OPP |
crate steamships steamboats,, towbOatS and
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 (S45,0OO.OOD, to be represented
DIV nine hundred (9OOD SnareS OF the par
value of $1,000 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 going con
| Germ and authorized to do business under
this charter as soon as the sum OF three
| Thousand dollars (S3,000.00D of its capital
stock shall have been subscribed for.
ARTICLE V.
The corporate powers of this corporation
shall be vested in and exercised by a board
| of directors, composed of four ca directors,
| a majority of whom shall constitute a quo
rum for the transaction of business, which
said directors shall be elected at general
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
| writing to each stakeholder by mailing the
said notice in regular manner in sealed
envelope addressed TO such stakeholder al
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 at their first meeting
| elect from their own number a president,
and vice-president They shall also elect
a secretary and treasurer, or one person
| 10 fill both offices OF secretary and treasurer.
| either of whom may or may not be a men,
Der of the board of directors, a stock
holder in this corporation.
| Immediately upon the signing of this
| charter, the stockholders shall elect the
first 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
ha hav mad for hat hal
| 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-
thOrlzed to frame and adopt such bylaws,
rules and regulations as the affairs and
| business OF the company may require, and
1t may deem necessary for the conducting
and management thereof, provided the same
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-
troll of the property of this corporation,
and shall so conduct, manage and use the
same as in its discretion It may deem fit
| and consistent with the objects of this cor
] poration and its welfare.
| The board Of directors may, from time
| to time, name and appoint all such officers,
agents and employees as may be necessary
1
and affairs of this corporation; IL 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 a 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
Of this corporation, either by Limitation Of
its charter or for any other cause, it's affairs
shall be liquidated by three commissioners
selected by the stockholders at a general
meeting called for that purpose as hereina-
bove set forth, which said commissioners
shall remain In Office until the affairs Of
this corporation shall have been fully liqui-
dated In case of the death or resignation.
or incapacity Of one or more of the COM
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