St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-08-22
CHARTER
of the
SLIDELL DRY DOCK II SHlP.
BUILDING CO., LTD.

SLIDELL DRY DOCK 8 SHIP
BUILDING CO., LTD.
United States of America, State Of
Louisiana, Parih OF st.
Tammany.
Be it known that on this 18th day
lof the month of July, in the year q
Our Loard, One Thousand Nine Hun
|dred and Fourteen, and OF the indie
lpendence of the United States Of
America, the One Hundredth and
Thirty-Ninth, before me, BENJAMIN
NJ. Miller, a Notary Public, in and FOL
the parish of st. Tammany, State OF
Louisiana aforesaid, duly commits
stoned and qualified, and in the
presence Of the witnesses hereinafter
named and undersigned, personally
came and appeared the several per-
sons whose names are hereunto cub
scribed, who severally declared that,
availing themselves of the laws OF
Louisiana in such cases made and
provided, they have contracted ano
agreed, and do by these presents COW
enant and agree and bind themselves,
hereafter become associated with
them, to form a corporation, for the
objects and purposes, and under the
articles and stipulations following,
tO-Wit:
ARTICLE 1.
The name of the said corporation
shall be
Slideu Dry Dock and Shipbuilding
Co., Ltd,
and under its said corporate name
shall have the power and authority
to have and enjoy succession for the
full terms and period of ninety nine
years, from and after the date here
of; to contract, sue and be sued; to
make and use corporate seal, and
the same to break or alter at pleas
ure; to hold, receive, lease, purchase
and convey, as we'll as mortgage anG
property. real, personal
and mixed, corporeal and incorpOre-
al; to name and appoint such manag-
ers, agents, directors and officers as
its business interests and convenience
may require, and to make and es-
tablfsh, as we'll as alter and amend,
from time to time, such bylaws,
rules and regulations for the proper
government of the said corporation
as may be necessary and proper.
ARTICLE III.
The domicile of the said corpora
ton shall be in Slidell, in the parish
of st. Tammany, State Of Louisiana,
and all citations or other legal pro-
cess shah be served upon the presi-
dent of said corporation, or in the
event OF his absence, upon the vice
president thereof; and in the absence
of both said officers, upon the secre-
tary of said corporation.
ARTICLE Ill.
The objects and purposes for which
his corporation is established, and
he nature of the business to be car
lied on by it are hereby declared and
specified to be shipbuilding, repair
ng and docking of vessels, of any
nature whatever, to acquire, to own
Ind operate, to charter or lease, and
% sell vessels of every description,
he right to construct, own and Oper-
tie docks, wharfs, warehouses, and
I'll other appurtenances necessary,
and proper to the conduct
u such business, and generally to
lold and exercise all such inc:G entail
powers and privileges as relate to
he objects and purposes hereinabov
et forth.
! All of the above corporate func-
ions may be performed both in the |
tate OF Louisiana, and in any Of the |
'ther States Of the Union, or else |
where.
ARTICLE w.
The capital stock Of this corpora
lion Is hereby fixed at the sum Of |
fifty thousand (s5O,0OO) dollars. to |
De divided into and represented by
i've hundred 5000 shares of stock /
II the par value of one hundred |
($10O) dollars each. Said stock to |
De pad for in cash at such time and
n such amounts, and after such no
ices to the stockholders, as may be
ixed by the Board Of directors, or
he same may be issued at not less
han par for labor done or money or
property actually received or pur-
biased by the said corporation.
Said corporation to become q. going
oncern and to be authorized to
business as soon as five hundred
5000 dollars of its capital stock
hall have been subscribed for.
All transfers OF stockymust be made
lpon the books OF the corporation by
Of the original certificate
endorsed for cancellation by
he stakeholder in whose favor such
took certificate is issued or by his
uly authorized agent. and upon re-
eipt of said certificate, the secretary
hall be instructed to cancel same
nd issue new certificate in lieu
hereof.
After the said capital stock Of
fly thousand dollars shall have been
;sued, no. holder OF any of said,l
took, without the consent of the
'oard OF Directors expressed by a
primal resolution to that effect, shall
ell or dispose of the same to any F
srson not stakeholder in the COM
any, until he shall have offered sad !
lock for sale at the price bona fide
ffered to him by any non-stockhold- :
+, to the Board Of Directors Of the :
who shall have the right
, buy said stock at such offered
rice. for the benefit of the stock !,
older In the company, and to dis =
lbute the. pro rata among such !
This clause shall be :
kpressed on the face of every GER
fcate Of stock, and the officers of :
le company shall have no power
} transfer on the books Of the COM /;
my any stock disposed of In viola
nm If this nrrvicSnr1 Cf thu Ahortor