The herald., 1913-05-08
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 Cahn,
notary public, duly commissioned and quail
iied 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 hercunto subscribed, who
declared that availing themselves OF the
provisions OF the laws OF this state, relative
10 corporations, they have coyenanted 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 cOrpOr-
alton and body polite in law, for the pur-
poses and objects, and under the stipua-
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, it shall have and enjoy all
the rights, privileges granted by law to
corporations il shall have corporate eN-
iStence for a period OF twenty-five years
90 from this date; ii shall have power TO
contract sue and be sued in its corporation
name. 10 make ana use Il corporate S'dl.
and the same TO break at pleasure; To hold,
have, purchase, convey, sell lease, mortgage,
hypOthecatc 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 cOnvc-
nience of the said corporation may require
to make and establish such bylaws, rules
and regulations for the proper management
and control Of its affairs may be neceS-
Sary and eXpedient; and generally for the
purpose and objects of its business; 10 eN-
erciSe all the rights and powers granted by
law 10 corporations.
ARTICLE H.
The dOmicile 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 vicepresident. 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 it are hereby
declared TO be: TO transport, import, buy
and sell bananas and other tropical fruits
and produce anywhere in the world; 10 op-
crate steamships, steamboats,, tOwbOdtS 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-ive thou
sand dollars (SiJ, 900 0O), TO be represented
by nine hundred 5000 shares 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-
SderationS, as they may see fit
All shares OF stock shall be nOn-assessable
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
cern and authorized to do business under
this charter as soon as the sum OF three
Sn1 NJ its pTair
stock shall have been subscribed for.
ARTICLE V.
The corporate powers of this corporation
snail be vested in and exercised by board
OF directors, composed of four (4) 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 a sealed
envelope addressed 10 such stockhOlder 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 at their first meeting
elect from their own number a president
and vice-president. They shall also elect
secretary and treasurer, or one person
10 tll both offices OF secretary and treasurer
either OF whom may or may not be a mem
Der OF the board of directors, or 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
the day named for that purpose shall not
dissolve this corporation, but the directors
ana ofhcers then in office shall hold over
until their successors are chosen and quail
fed.
The board Of directors shall have fuu
power and authority to fill vacancies in their
number caused by death, resignation, or
otherwise. The said board is further au-
thoriZed 10 frame and adopt such bylaws
rules and regulations as the affairs and
business OF the company may require, and
IL 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
Iro, OF the property of this corporation,
ana snail so conduct, manage and use the
same as in its discretion il may deem fit
and consistent with the objects Of this cor
poratiOn and its welfare
The board Of directors NAV from time
to time, name and appoint all such officers.
AGENTS and employees as may be necessary
Tor the 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
ofhcers 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 C3-4) 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 or 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
It's 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-
bove set forth, which said commissioners
shall remain in office until the affairs OF
this CORPORATION shall have baaD ftIlv