The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-08
CHARTER
OF MERCHANTS TRANSPORTATION CO.,
INC.

OF MERCHANTS TRANSPORTATION CO.,
INC.
United States OF America, State of Louisiana,
Parish of Orleans, City OF New Orleans.
BE 1t known that on this 2Sth day OF the
month OF May, IN the year OF our Lord one
/ thousand nine hundred and fifteen, and of
( the independence OF the United States OF
{ America the hundred and thlrty-nIuth,
before me, Alfred Charles Hammer, a notary
public, IN and for the parish OF Orleans, state
OF Louisiana, aforesaid, therein residing, duly
commissioned, sworn and qualified, an. IN the
presence OF the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names are
hcrcuuto subscribed, who declared unto me,
notary, IN the presence OF the undersigned
witnesses, that, availiug themselves OF the
provisions OF the law of the state OF Louisiana
I IN such cases made and provided, and partic-
ul-rly Of the provisions OF act 2oI OF the acts
OF the general assembly of the state OF Lou
/ isiaua for the year 1914, they have cOvenanted
and agreed and do by these presents covenant
/ and agree and bind themselves, their heirs
and assigns, well as all such persons as
may hereafter join or become associated with
/ them herein, to constitute and form cor
1 poration and body polite in law, under the
/ name and for the objects and purposes and
under the articles and stipul stIonS hereinafter
| set forth and expressed, which they hereby
! adopt as the charter OF this corporation, to-
wit:
Article The name and style Of this cor
poration shall be Merchants Transportation
CO., Inc" and under its said corporate name
| II shall have and enjoy corporate existence
! and succession for the full term and period
/ OF ninety-nine years from and after the date
hereof, unless sooner dissolved in the manner
provided by law and the articles OF this char
! ter; 1t shall have power and authority TO
| contract, sue and be sued, to make and use
/ corporate seal and the same to alter and
/ break at pleasure; to hold, receive, lease, pur-
chase and convey, as well as mortgage and hy-
pothecate property, real, personal and mixed,
| corporeal and incorporeal; TO name and APP
I II. az aVaA Il
| rectors its business, interest and conve-
/ nience may require; to make and establish,
| as well alter and amend, from time to
| time, such bylaws, rules and regulations for
| the proper government Of the affairs of the
said corporation may be necessary and
proper; and il shall have and enjoy all the
4 rights, privileges and immunities which are
| now conferred upon or may hereafter b.
| granted TO corporations Of the same kind and
| character.
| Article 1.-THE domcie of this corporation
shall be in the city of New Orleans, state of
| Louisiana, but II may establish othces and
| agencies throughout the United States of
! America, and all citations 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
officers upon the secretary thereof
Article III-The objects and purposes for
| which this corporation is organized and the
nature OF the business to be carried on by II
| are hereby declared to be the carrying on OF
| a general steamboat, stcvedoring, commis sion
| and brokerage business; the hiring and char
| tering of boats and the carrying of freight
and passengers and acting as agents for
steamboats, other boats and water craft
or for the owners CharteTers thereof; 10
build, buy, sell, equip, operate, own, main
tain and hire steamboats,, barges and vessels
of all classes and descriptions, propelled by
sail, electricity or other power; to use and
operate the same in business, trade, COM
merce or navigation upon the Mississippi
river and its tributaries and to furnish facil'
tiles for towing, hghterage and transporta-
ton upon such waters; and generally to dc
and engage in any other business, under
| taking or enterprise connected with, growing
out or incidental or germane to any OF the
objects and purposes hereinabove set forth
or contemplated in this charter.
Article IV.-The capital stock OF this cor
poration is hereby fixed at the sum of fifteen
thousand dollars Sl5,UO.OO), divided into ano
represented by one hundred and fifty shares
of stock of the par value of one hundred dol
lars $4,000 each, all of which shall be com
! mon stock Said stock shall be paid for il
| cash, at such time, in such amounts and attel
such notice to the subscribers as may o'
fixed by the board of directors, or the SAINT
may be issued at not less than par for ser
vices rendered TO property actually re-
ceived by the corporation.
This corporation shall become a going con
Germ and shall be authorized to do bushes:
as soon as twelve thousand dollars SlZ,OOUO
of its capital stock shall have been subscribed
and paid for; said stock shall be fully paid a
the time of its issuance and thereafter non
assessable.
The amount to which the capital stock o.
this corporation may be increased from TINT
TO time shall at no time exceed the sum o
6fty thousand dollars (S50,0O000 in accord
ance with the provision of the law pertaining
thereto.
Article V.-All of the corporate powers o
this corporation shall be vested in and exer
cised by board of directors, TO be composed
of five stockholders, a majority of whom, a
any time, shall constitute quorum SaiC
directors shall be elected annually by tn,
stockholders on the first Monday in April II
each year, except the first board of directors
appointed in this charter, who shall hold thel
offices until the first Monday IN April lSlo
or until their successors shall have beer
elected and qualified. :,
All such elections shall be held by ballo
inland conducted at the Office OF said corpora