St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-05-09
CHARTER
of the
LAKE NAVIGATION COMPANY
United States Of America, State OF
Louisiana, City of New Or
leas, Parish of st.
Tammany.

Be 1t known, LnaI on tnlS twenty
third day of the month Of April, in
the year one thousand nine hundred
and fourteen, before me, Theodore
A. Beck. Notary Public, duly COM
m ssioned and qualified in and for
the parish of Orleans, State OF Lou
isiana, aforesaid. therein residing.
and in the presence Of the witnesse-
hereinafter named and undersigned.
personally came and appeared the
persons whose names are hereuntd
subscribed, who declared that, avail
ng themselves of the provisions OF
the laws of this State, they do here
by covenant and agree, bind. form
and constitute themselves. as well
as such other persons as may here
after join or become associated with
them, into a corporation and body
polite in law, and under the fol-
lowing agreements, to-wit:
The name of this corporation shall
be the Lake Navigation Company,
and under that name it shall exist
for ninety-nine years from tbs IA.
1t shall have power to contract, sue
and be sued in it's corporate name
and to use a corporate seal; t. holj,
receive. purchase, convey, anu mort
gage property, real personal ard
mixed, and to establish regu'a tions
for the management of the corpora
ton. Its dom;cile shall be in the
parish of St. Tammany. State OF
Louisiana, and all citations shall be
served on the president, anu III his
absence on the secretary.
The objects Of this corporat on
shall be the operation of one or
more boats for the carrying of pas
sengers and freight in all bodies
Of water within the State of Louts,-
ana.
The capital stock of this corpora
ton is fixed at the sum Of Twenty
Five Thousand Dollars, divided into,
two hundred and fifty shares of the
par value of One Hundred Dollars
each, which shall be paid for IN
cash. All shares shall be full paic
and worcestershire, and no transfers
of stock shall be made binding on
the corporation unless made on lts
books.
All corporate powers of this COM
pany shall be vested In Board OF
Directors composed of ten stock
holders who shall be elected annual
ly on the first Monday of April OF
each year by the stockholders. A
majority of votes cast shall elect,
shall vote in person OF
by proxy and shall be entitled to
one vote for each share of stocl
owned by him. All elections shall
be held after ten days notice by
mail to each stockholder. The d.
rectors elected shall hold ohice Tor
one year or until successors are elect
ed. No failure to elect shall be re
garded as forfeiture Of this charter:
All vacancies ON board shall be filled
by remaining directors. The board Al
its first meeting shall elect from
among it's number, President. Vice
Secretary and Treasurer
1t may combine two last mentioned
offices and may elect secretary who
is not stockholder. -.....-.,
No stockholder shall ever be held
liable or responsible for contracts,
faults or debts of corporation, nor
shall any mere informality in or
ganization have effect Of rendering
this charter null or of exposing stock
holder to any liability beyond un-
paid balance due on shares owned by
him.
Upon the dissolution of this cor
poration by expiration of charter or
three liquidators elected
from among stockholders shall have
full power and authority to settle
all business and affairs Of corpora
ton. This corporation may be dis
solved with assent Of majority of
tockholders.
Thus done and passed in duplicate
at my Office in the city of New Or
leans, on the day, month and year
above written, in the presence Of