The herald. [volume] (New Orleans, La.) 1905-1953, 1915-09-09

corporation unless recorded on its books.
| The capital stock Of this corporation may
/ be increased to the sum Of fifty thousand
/ CS50OO00O dollars.
| Article N.-AIl Of the corporate powers Of
| said corporation shall be exercised by a board
| OF directors. consisting of three stockholders.
two OF whom shall constitute quorum for
! the transaction Of business. The board Of
directors shall elect annually from among
their number a president and general mana
ger, vice president and i seCretary-treasurer.
The board OF directors shall appoint from
time TO time such officers and clerks and
agents and employees as they may deem nee
essary for the purposes and business Of the
corporation. who shall hold office at the pleas
Of the board. said board may make, alter
and amend any and all bylaws and regula-
tons proper for the conduct and management
OF the business and affairs OF the corporation
I The board OF directors shall have power 10
apply the profits OF the corporation to the pro
motion Of the business and affairs thereof, or
TO the declaration Of dividends or to both Of
such purposes, II such profits shall be sutiI-
cient to that end.
The following persons shall constitute the
FIRST board Of directors:
Siebraudt ]. Dunn, who resides at 5015 South
Claiborne Avenue, New Orleans, Louisiana;
Jules /. SahrIcr, who resides at S35 Louisiana
Avenue, New Orleans, Louisiana; and Edward
). Reach, who resides al 1850 Joseph street,
New Orleans, louisiana; with the said Sic
ager Jules /. Sabrier as yice-presideut, and
Edward :. Reach as secretarv-treasurer.
The annual meeting OF stockholders OF this
corporation Tor the election OF directors shall
be held on the first Wednesday IN August, o.
each year, and the directors now chosen 10
represent this corporation shall hold their
offices until the frs. Wednesday in August.
1910, or until their successors are duly elected
and qualified In case vacancies occur during
the year, same shall be filed by the remaining
directors or director.
Article NI.-Wheuever this corporation may
he dissolved, either by limitation from any
other cause, its affairs shall be liquidated by
three commissioners to be appointed from
amongst the stockholders at general meet
ing OF stockholders called for such purpose,
and notice OF which shall be given IN the
manner and time provided for stockholders
meetings by Article IN OF this charter, and
a two-thIrdS majority IN amount OF the cap
Ital stock OF said corporation, represented at
such meeting, shall be requisite to elect. Said
commissioners shall remain in office until the
affairs Of the corporation shall have been
fully lquidated. In OF death Of one or
more OF said commits soners, the vacancy shall
be filled by election of the surviving com
mssIoners.
Article Vino subscriber for stock shall
ever be held liable for the contracts, falfltS
or debts of said corporation in any further
sum than the unpaid balance, if any, due the
corporation the stock for which he has
subscribed nor shall any mere informality
in organization have the effect of rendering
this charter null. or rendering any subscriber
or stakeholder liable beyond the unpaid
amount, If any, remaining due on his stock.
Article NIII.-This corporation is organized
under the laws of the State of Louisiana, and
especially Act No. 267 of 1914, and the sub
sCrIbeTs hereto, for themselves and said cor
poratIon and for its officers, directors and
stockholders, hereby accept as part OF this
charter, and conditions of this incorpora-
ton, all the rights, powers, privileges and
immunities granted to corporations, and grant
ed to and conferred upon officers, directors
and stockholders of corporations, by said laws
and said act-such acceptance being as full,
complete and binding as II said rights, pow
ers, privileges and immunities were set forth
at full length in this instrument.
Article IX.-Ths charter may be modified.
changed or altered said corporation may
be dissolved, with the assent OF stockholders
owning two thirds of the entire capital stock.
al general meeting of the stockholders con-
vened for that purpose, after fifteen days
notice shall have been given TO each stock
holder, mailed to his last known address
Article N.-Ihc subscribers hereto have
respectively written opposite their names the
amount OF stock in this corporation subscribed
for by each OF them, so that this act OF in
corporation may also serve as the original
subscription list of said corporation.
Thus done and passed, in my notarial sffice
at the city OF New Orleans, aforesaid, in the
presence Of Ferdinand +. thinner and Walter
and residing in this city, who hereunto sub
scribe their names, together with said par
ties and me, notary, the day and date
set forth in the caption hereof.
Original Signed: s. J. Dunn. 9S shares,
502+ 5. Claiborne Street, New Orleans f. 5.
Reach ! share, 1886 Joseph Street, New Or
leans; Jules L. Sabrier, ! share, S55 Louisiana
Ave, New Orleans.
Witnesses: Ferdinand E. l1mmer, W. b.
Hamlin.
w. W. YOUNG. Not. Pub.
I, the undersigned recorder of mortgages.
in and for the parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of The
S ]. Dunn Shipping Co., Inc" was this day
duly recorded in my Office, in book ll57,
folio 4O5. New Orleans, July 29 1915.
(SigneD EMILE J. LEONARD, D. R.
A true copy of the original.
(Signed) w. w. YOUNG. Not. Pub.
aug 5 u 70 70 sept ? 9