The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-03

I Article 1.-THE domcile of this corporation
| shall be in the city Of New Orleans, state OF
/ Louisiana, but il may establish ottlces ana
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
| or inability to act upon the Vice-preSident
! thereof and in the absence OF both OF SAID |
I officers upon the secretary thereof.
/ Article III-The objects and purposes tor
which this corporation IS organized and the
| nature OF the business to be carried on by II 4
are hereby declared to he the carrying on OF ,
/ a general steamboat, steveforing. commission ,
| and brokerage business; the hiring and char I
/ tering Of boats and the carrying OF trelght |
| and passengers and acting agents Tor !
steamboats, other boats and water craft, /
or for the owners or Chartcrcrs thereof; To |
build. buy, sell, equip, operate, own, main (
tain and hire steamboats,, hargeS ana vessels /
of all classes and descriptions, propelled by
sail, electricity or other power; TO use and /
operate the same in business, trade, COM
nicrce or navigation upon the Mississippi
river and its tributaries and to furnish facll-
tiles for towing, hghterage and transporta-
ton upon such waters; and generally to do
and engage in any other business, under
taking or enterprise connected with, growing
ont of, incidental or germane 10 any OF the
objects and purposes here'nahove set forth
or contemplated in this charter.
, Article lN.-The capital stock OF this cor
poration Is hereby fixed at the sum OF fifteen
thousand dollars CSl5HnOO, divided into and
represented by hundred and fifty shares
of stock. of the par value OF one hundred dol
lars (SlOOOO each, all OF which shall be com
. mon stock. Said stock shall be paid for IN
cash, at such time. in such amounts and after
4 such notice to the subscribers as may be
fixed by the board OF directors. or the same
s may be issued At not less than par Tor ser
= vices rendered to or property actually re-
. ce'vcd by the corporation.
d This corporation shall become going con-
!, Germ and shall be authorized to do business
h as soon as twelve thousand dollars $1,000,
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
c asSesSable.
e The amount to which the capital stock Of
d this corporation may he increased from time
r time shall At no time exceed the sum OF
l. fifty thousand dollars CS5ONo00W in accord
ot ance with the provision OF the law pertaining
thereto
4. Article V-An Of the corporate powers OF
s. this corporation shall be vested in and eNer-
id ciSed by a board Of directors, to he composed
IS Of five stockholders, majority OF whom. al
Ie any time, shall constitute a quorum Said
lie directors shall he elected annually by the
T stockholders on the first Monday in April III
SIS each wear. except the first board Of directors
W appointed in this charter, who shall hold Their
n Offices until the first Monday in April, 1916
Oh or until their successors shall have beer
of elected and qualified.
es All such elections shall be held by ballo
II and conducted at the office OF said corpora
d. ton, under the supervision OF three comms
Is, siorers, to be appointed by the board of di
to Notice Of such election shall be given b,
nd the secretary of the company by WRITER
of notice thereof delivered personally or by de
posting the same in the postoffice, properl,
is addressed, to each stockholder at least hftee
be O5 DAYS preceding such meeting
ed At all such elections and At all corporal
NJ, meetings every stakeholder shall he eutitle
". to one vote for each share OF stock standln
* in his name on the books Of the corporation
Ii to be cast in person or by his written proxy
on, and a majority OF the votes cast shall elect
led ANY vacancy occurring among the director
. by death, resignation or otherwise shall b
the filed by election for the remainder OF IN
md term by the remaining directors.
of 4 failure to elect directors the date abov
en- specified shall not dissolve this corporatio
ign nor impair IT'S corporate management, b!
office until their successors are elected an
Au- qualified.
on. The board of directors shall elect from the
ier own number a president and 4 vice-preslden
ms, They shall also elect secretary and a trea
era urer or one person who shall be both, eith'
red Of whom may may not be members OF II
eet, board They shall have power and authorIt
La from time to time, to name and appoint a
Ia, such officers agents and other employees
red may be deemed necessary for the purposes an
eet, business of the corporation; they shall hay
power to fix their compensation and define Il
b. duties OF every officer and employee, and a
,ity the officers and employees shall hold Off,
and employment at the pleasure OF the boar
ges The board may make and establish, as we
OF as alter and amend. any and all bylaw
owe rules and regulations necessary and prope
the in its judgment, for the conduct, support al
oio said corporation.
The board shall have full power and a
K. thority TO borrow money, to execute MOI
,ifv cages and to create liens; to issue bond
and notes and other obligations; and general
por- to do all things reasonable, convenient a,
C." necessary for the proper carrying on OF t
rder business OF the corporation
and The board may issue full paid shares
Il / | stock for cash or in payment OF labor do
day or property actually received by said corp'
alton.
T. Article VI.-Wheuever this corporation m
be dissolved. either by limitation or FRI
any other cause, its affairs shall be liquidat
- by three commissioners, to be appointed FRI
amongst the stockholders at general me
70 | ing of the stockholders convened for su
purpose, of which meeting notice shall
an. given in the and time provided
- | stockholders meetings by Article VII OF Z
the charter. and majority IN amount OF
one capital stock of said company, represented
4 - ! such meeting shall be requisite TO elect. =;
: - | commissioners shall remain in Office until
81 affairs of said corporation snail have be
-, | fully liqudated. In case OF death OF one
go more of said commissioners, the vacancy sh
HI, be filled by the surviving commissioners.
tbs Article NII-This act of Incorporation II
- be changed, modified altered or this c
an. poration may be dissolved with the assent
ar the stockholders owning two-thirds OF
n issued stock of the corporation, at a meet
- of the stockholders convened for that purpc
,he after notice shall have been given by writ
~ notice to each stakeholder, delivered to
80 personally mailed TO him by registe
- letter at the postoffice address designated
as as him in writing at least fifteen Q5) days p
lnted 70 lhe udte Vi s H. n;taf stoprL 81
,nant VI iIauI ~ u 80 IN, - H. - rs
heirs Oe iliduS III 60: IL -, =; lie,
- 80 | the capital stock of corporations
W.. Article VIII-No stakeholder shall ever
~ | held liable or responsible for the contra
t | faults or debts of said corporation in
- S.nI further sum than the unpaid balance due
ereby ia'loii III ,, So ;fornaI;tv in or,
y W ization have the effect of rendering
oor charter null of exposing a stockholdei
, -, any liability beyond the unpaid amount
go naming due this stock.
. Article IN.-William I. Hardie, 938
!I vier street, John NJ. Parker, $40 Union ST.
'e j Charles E. Levy, $50 Gravier street, d.
us | H. March, $50 Gravier street and William
nb Duke, SIS St. Andrew street, in the cit,
-. =. New Orleans Louisiana, have been CHI
y " and selected as the first board of director
y w. this corporation with the said William
80 Hardie, 95S Gravier street, as president,
pu NJ. Parker, $40 Union street, as vice-presiC
~ ny Charles E. Levy, $50 Gravier street, as 81
iiNeu' tary, and David H. March, go Gravier st
y, ~ | as treasurer, TO such until the
~ vi Monday in April, 1916, or until their SUI
bi:S sors shall have been elected and quallhed
ohsn, Article X.-The subscribers hereto have
ny ~ spectively written opposite their names
e ~ addresses and the amount Of stock IN
and ooIPTl d'iot . S ;oo-Dyy, - ~
II the 81 Na' ms a. VI CP:-.:S I..Y