The herald., 1915-06-10

Louisiana, but it NAV establish offices and
agencies throughout the United States Of
America; and all citations or other legal pro-
cess shall be served upon the president OF
said corporation, or IN the event OF his absence
inability to act upon the vIce-preSidc1t
thereof, and in the absence of both Of sand
officers upon the secretary thereof.
Article III.-Thc objects and purposes for
which this corporation is organized and the
nature Ci the business 20 be carried on by Il
are hereby declared To be the carrying ON of
a general steamboat. stcvcdrr'nC. commission
and brokerage business; the hiring and char
tcrirg Of boats and the carrying Of freight
and passengers and acting as agents for
steamboats, or other boats and water craft,
or for the owners or Chartcrr-S thereof. To-
build buy, sell, equip, operate, own, main
tain and hire steamboats,. htrgcs and vessels
Of all classes and descriptions. propelled by
sail, electricity or other power; 20 use and
operate the same IN business, trade, com
mcrce or navigation upon the Mississippi
river and its tributaries and to furnish fac'l-
tiles for towing. lghteragc and trausporta-
ZION upon such waters: and generally to do
and engage in any other business, under
taking or enterprise connected with. growing
out of, incidental gcrmare to any OF the
objects ard purposes herc,uahovc set forth
or contemplated in this charter
Article lN-Thc capital stock OF this cor
p0rl,iOn is hereby fixed A. the sum Of fifteen
thousand dollars tSl5.u0c0, divided into and
represented by one hundred and fifty shares
Of stock. OF the par value OF one hundred dol
mon stock. Said stock shall be paid for in
cash. at such time. in such amounts and after
such notice to the subscribers as may he
fixed by the board OF directors, or the same
may be issued 1t not less than par for SER
vices rendered TO property actually re-
Ccived by the corporation.
This corporation shall become = going CON
Germ and shall be authorized to do business
aS soon as twelve thousand dollars CS120OOO0b
Of its capital stock shall have been subscribed
and paid for; said stock shall be fully paid at
the time Of its issuance and thereafter non
aSscssable.
The amount TO which the capital stock Of
this corporation may he increased from time
to time shall at no time exceed the sum Of
fifty thousand dollars (SSO,mOO in accord
ance with the provision OF the law pertaining
Article V-An Of the corporate powers Of
this corporation shall he vested in and eNer-
ciSed by board Of directors. 10 he composed
Of five stockholders, a majority Of whom, at
any time, shall constitute a quorum Said
directors shall he elected annually by the
stockholders the first Monday in April in
each year, except the first board Of directors
appointed in this charter, who shall hold their
/ Offices until the first Monday in April, 1916,
or until their successors shall have been
/ elected and qualified.
All such elections shall he held by ballot
and conducted at the office of said corpora
I ton, under the supervision OF three commits
sioners, to be appointed by the board of di-
/ rectorS
NotlCe OF SUCn election snail ne given by
the secretary Of the company by written
( notice thereof delivered personally or by de
! posting the same in the postofiice, properly
addressed, to each stakeholder, at least fifteen
QS) DAYS preceding such meeting.
! At all such elections and at all corporate
meetings every stakeholder shall be entitled
TO vote for each share OF stock standing
in his name the books Of the corporation,
TO be cast in person or by his written proxy,
! and a majority OF the votes cast shall elect.
! Any vacancy occurring among the directors
7 by death, resignation or otherwise shall he
| filled by election for the remainder OF the
| term by the remaining directors.
| A failure to elect directors on the date above
specified shall not dissolve this corporation
/ nor impair its corporate management but
/ the directors then in office shall remain in
! office until their successors are elected and
qualified.
The board OF directors shall elect from their
own number a president and a vice-president.
| They shall also elect secretary and treas
urer or one person who shall be both, either
of whom may may not be members Of the
board They shall have power and authority,
! from time 10 time, to name and appoint all
! such officers. agents and other employees as
/ may be deemed necessary for the purposes and
| business of the corporation; they shall have
power 10 FIX their compensation and define the
| duties Of every officer and employee, and all
| the officers and employees shall hold office
| and employment at the pleasure of the board
The board may make and establish, as we'll
as alter and amend. any and all bylaws,
! rules and regulations necessary and proper,
| in its judgment, for the conduct, support and
management of the business and affairs OF
| said corporation.
The board shall have full power and au.
| thorty to borrow money, to execute mort
| cages and to create liens: to issue bonds
notes and other obligations; and generally
to do all things reasonable, convenient and
necessary for the proper carrying on OF the
business of the corporation.
The board may issue full paid shares; Of
| stock for cash or in payment OF labor done
or property actually received by said corpor
| alton.
| Article VI-Wherever this corporation may
be dissolved, either by limitation from
any other cause, its affairs shall be liquidateC
by three commissioners, to be appointed iron
amongst the stockholders at a general meet
ing of the stockholders convened for sucf
purpose, of which meeting notice shall be
given in the manner and time provided TO-
stockholders meetings by Article VII of thi:
charter, and majority IN amount OF the
capital stock of said company, represented a
such meeting, shall be requisite to elect. Sale
commissioners shall remain in office until tht
affairs Of said corporation snail have beer
fully liquidated. In case of death of one o
more of said commits sioners, the vacancy shall
be filled by the surviving commissioners.
Article NII.-Ihis act of Incorporation ma!
be changed modified or altered, or this cor
poration may be dissolved with the assent o
the stockholders owning two-thlrds OF TIL
issued stock OF the corporation, at meeting
of the stockholders convened for that purpose
. , after notice shall have been given by writer
/ notice to each stakeholder, delivered to hin
. personally or mailed to him by registered
, letter at the postoffice address designated b,
him in writing at least fifteen US) days PRO
to the date of meeting. Any changes propose
or made in reference to the capital stock shall
; ! be made in accordance with the laws of tn
; state of Louisiana on the subject of alterin
the capital stock of corporations.
Article VIII.-No stakeholder shall ever b
, held liable or responsible for the contract:
faults or debts of said corporation in an
further sum than the unpaid balance due tn
corporation on the shares of stock owned b
him, shall any mere informality iii organ
ization have the effect of rendering thi
charter null of exposing a stakeholder I
, any liability beyond the unpaid amount II
naming due this stock.
; Article IX.-William I. Hardie, 938 Grs
i ver street, John NJ. Parker, $40 Union stree
> Charles f. Levy, $50 Gravier street, Davi
: III. March, $50 Gravier street and William !
. Duke, SIS St. Andrew street, in the city
n New Orleans, Louisiana, have been chose
| and selected as the first board of directors
4 this corporation; with the said William
Hardie, 93S Gravier street, as president, job
. NJ. Parker, SO Union street, as ce-presiden
Charles f. Levy, $50 Gravier street, seer
, tary, and David ii. March, go Gravier stree
. | as treasurer, to serve as such until the FIR
. | Monday in April, 1916, or until their succe
! sors shall have been elected and qualified.
. Article X.-The subscribers hereto have r
: | spectively written opposite their names the
3 addresses and the amount of stock in tn
4 corporation subscribed for by each Of ther
a | so that this act of Incorporation may al:
= serve the original subscription list 10 sa
: | COrDOratiOr.