The herald., 1913-05-08

in the CITY OF New Orleans, state OF Lou,
isiana, but It may establish Othces ana
AGENCIES throughout the United States OF
America or foreign countries. All citations
and other legal process shall De serNeu On
the president, and in his absence on tne
vice president or secretary-treasurer OF sald
corporation.
ARTICLE III.
The objects and purposes for which this
cornoration Is Organized and the nature or
the business to be carried on by 1t are mere
by declared to be: to deal In BUY, sen or
store, for its own account or TOT tne AT az
count OF others, all kinds OF merchandise
and commodities principally sugar ana mo
lasses to lease, rent, hire, own ana operate
tank cars water craft or any vessels, Wheth-
or propelled by steam or otherwise, tugs
harFes or other craft for the transportation
OF said merchandise, commodities or pas
sengers: TO act as broker or agent TOT IN
dlviduals. firms or corporatalons 70 con-
struct and erect or contract Tor the con-
structlon and erection Of docks, tugs, Darges'
tank cars, water craft, workshops and me;
chaHlcal plants, and generally 10 90 anu
engage In any other business uhlertakInt .a III,
or enterprise connected with, growing out
or germane or incidental to any OF the OBJ
iects and purposes hereinabOye set forth or
contemplated by this charter.
ARTICLE ".
The capital stock Of this corporation is
$3.50 900 OO) dollars divided into five hun
dred C5OOl shares OF the par value or one
hundred CS1OO00) dollars each, which shall
be paid for in cash. or may be issued ft NOT
less than par for services rendered. to or
property actually purchased by this corpor-
All shares Of stock shall be full paid and
on-assessable No transfer or stock snail
bebinding on this corporation unless made
upon its books.
ARTICLE V.
All the corporate powers OF this company
shall be vested In. and the management and
control OF its business and affairs shall be
exercised by a board Of directors to be COM
posed OF seven stockholders, majority or
whom shall constitute quorum for the
transaction of all businecs. The directors
shall be elected annually, by ballot or the
stockholders. on the first Monday OF April,
in each year. Each stOckholder shall be
entitled, either In person or by written
proxy, to one vote for each share OF stock
owned by him and standing In his name on
the books OF the corporation. All elections
shall be held under such rules and regula-
tlons as may be determined by the board OF
directors, but, after at least ten days notice
OF such election shall have been given In
writing TO each stockholder sent to his
last known address by mail, or by publica-
tiOn in one OF the daily newspapers pub
lished in the city OF New Orleans for at
least ten days preceding such election. The
directors thus elected shall continue in
office for one year or until their successors
shall have been duly elected and qualified
No failure to hold an election shall be re-
garded as a forfeiture of this charter. Any
vacancy occurring on said board OF direc-
tors shall be filed by the remaining direc-
tors for the uneNpired term. Said board
OF directors shall at its first meeting elect
from among its number a president, vice
president, secretary and treasurer. 1t
may combine the two last mentioned offices
and may even elect a secretary who Is not
a stockholder. Said board OF directors shall
have the right TO appoint and dismiss such
clerks, managers and other employees or
this corporation. including the secretary
who is not a director or stockholder, as
conditions may Justify or the business OF
the corporation may require. The tenure
OF Office OF all the employees OF this corpor-
alton shall be during the pleasure OF the
board Of directors.
ARTICLE VI.
No stockhoder shall ever be held liable
or responsible for the contracts, faults or
debts OF this corporation, nor shall any
mere informality In its organization have
the effect OF rendering this charter null or
OF exposing stockholder to any liability be-
yond the unpaid balance due on the shares
of stock owned by him.
ARTICLE VII.
This act OF Incorporation may be changed.
modified or altered, or this corporation may
be dissolved with the assent OF the stock
holders owning a majority of the stock OF
the corporation, at a general meeting con-
yened for this purpose, and after at least
ten days notice shall have been given to
each stockholder In the manner and form
as provided for In Article OF this act OF
Incorporation. In case of the dissolution of
this corporation by the expiration OF its
elect from among their number three lIuui- |
dators, who shall have full power and au-
thority TO llquidate and settle the business
mi fFat % 4, Il II
the death or Inability Of any of said COM
missloners the survivors shall appoint q |
successor TO him or them.
ARTICLE VIII.
Immediately after the signing of this
charter. the stockholders shall elect from
among their number a president, vice
president, secretary and a treasurer, who
shaiI hold once until the election to be held
In April 1914. ,r,o
N This corporation shall be a going concern
soon as three thousand (S3,OOOOO) dol
RS, or thirty (30) shares OF its capital
tock shall have been subscribed for
Thus done and passed at my ofice In the
city or New Orleans. on the day month and
year herein first above written, in the pres
ence or Theodore A. Beck and John p. Ca
,.h' n,e' potn OF tnls city, competent Witnesses.
VINO have hereunto signed their names with
the said appearers and me, notary. after
due reading of the whole.
Original signed: Jno A. Wogan ten
shares Otto +. Drewes. ten shares I. B.
Maginnis, ten shares; Chas. B. Maginnis,
ten shares; Jules NJ. Wogan, ten shares
Gilbert Hattier, per Jules NJ. wogan, ten
shares: NJ. s. wogan, ten shares. T. A.
Beck, John 2. Cazale
ROBERT LEGIR, Not. Pub.
/, the undersigned recorder OF mortpages
IN and for the parish OF Orleans and state
or Louisiana, do hereby certify that the |
above and foregoing act of Incorporation OF |
tel
day duly recorded In my office. in book loss |
folio =. New Orleans, La, April II, 1918
EMILE j. LEONARD, ID. r.
true copy from the original act.
ROBERT LEGIER Not Pub
apr IL "a may s IS 90 1913