The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-24
or CHARTER
PANY, INCORPORATED.
United States of America State 81 Io,,.,
CHARTER

T.
ohited States of America, State of Iouis,an,
farish OF Orleans, City of New Orleans.
DC known, that on the 10th day OF M
tbousan d June, In the year OF our Lore on.
henry George Mccall, a notary public duIy
commissioned and qualified in and for the
parish ct Orleans, state of Louisiana. rnere,n
esioins, and IN the presence of the witnesse,
nEEieinaiter named and undersigned, person.
any came and appeared the persons who's.
names are hereto subscribed, who severaIIr
oeeiared that, availing themselves OF ,ur mr.
visions OF the laws of this state relative to
cnn,. VI saIizatlon OF corporations, they nave
contracted, covenanted and agreed to bind
form and constitute themselves. and do
nereoy bind, form and constitute them
serves as well as all such other persons as
nay hereafter JOIN or become associated with
,henl' into a corporation and BODY polite in
iSw' Tor the objects and purposes and under
lowing, to-wit:
Article The name and style of this cor.
poration shall be the Bowling rorpedo Dred0e
company, incorporated, and under thar name
II snail have and enjoy all the rights, ad-
Vantages and privileges granted by law to
corporations, and shall exist for the period
OF ninety mine years from this day II shall
nave power TO contract, sue and be sued; TO
make ana use corporate SEAL and the same
10 break and alter at pleasure; to hold, re-
Sel'e, lease, reclaim, purchase and convey
as wen as mortgage, hypothecate and pledge
ponds, notes and other obligations or nego-
uaoIe instruments; TO name and appoint such
managers, directors, officers, agents and other
employees, as the interest and convenience
OF SAID corporation may require or demand:
10 make and establish such bylaws rules
ana regulations tor the management and con-
troll OF ITS business and affairs as NAV he
deemed necessary or expedlent, and the same
10 change and alter at pleasure; and to do
all acts and things necessary and proper 10
carry out the objects and purposes OF said
corporation.
Article 1.-THE domicile of said corporation
Is hereby liked IN the city of New Orleans
In this state. All citations and other legal
process shall be served on the president, and
IN his absence, on the ce-president, and
IN the absence Of both, on the secretary of the
corporation.
Article III.-The objects and purposes for
winch this corporation is organized and the
nature OF the business to be carried on by it,
are hereby declared to be: 10 acquire the
patent rights OF James z. Bowling for his
improved excavating machine under applica-
ton TOR Letters Patent now pending IN the
United States Patent Office, IN Washington
u. &, being application No. 22,94l; to manu-
tacture, use, lease and sell the said excavat-
ing machine; to own and operate a plant for
acquire, buy, reclaim, excavate, cultivate, de-
velop, improve, build upon, lease and sell
lands and real estate; to construct, own and
operate dredges and other machinery neces-
sary to drain, eXcavate and reclaim lands; to
construct, own and operate boats for trans
portatlon, propelled by steam, gasoline, cleo
trlclty or other power; to create and establish
drainage districts and drainage systems
the lands which it shall acquire, drain such
districts and INK land charge on the lands
OF such districts for maintaining such drain
age and systems; to carry out, establish, con-
strict, control and superinJend any ways, roads.
TT anyways, ferries, bridges, harbors, water
curses, wharves, levees, entertainments, hy-
draullc works and other works; and generally
to do and engage IN any other business, I'M
dertaking or enterprise, connected with, grow
ing out OF or incidental to any of the pur-
poses hereinabove set forth.
The consideration for which said patent
rights are to be acquired is hereby declared
to be the sum of ninety-nine thousand, seven
hundred dollars, represented by nine hundred
and ninety-seven shares of stock of this
poration OF the par value OF one hundred dol
lars each.
Article IV-The capital stock of said cor
poration is liked at the sum of one hundred
thousand dollars, divided into one thousand
shares of the par value OF one hundred dol
lars each, which stock shall be paid for i'll
cash OF property, at such times and in such
amounts as may be determined upon by the
board of directors.
This corporation shall issue to the said
Bowling nine hundred and ninety-seven
shares of stock, all full paid and non assessa-
BILE, and said Bowling hereby subscribes for
said shares of stock, the same to be paid for
patent rights sold to this corporation.
Other subscriptions to said capital stock
shall be paid in cash, at such times and in
such amounts as may be determined by the
board of directors.
No transfer of stock shall be binding upon
said corporation unless made upon the books
and all certificates of stock shall be signed
by such officers as may be designated by the
board OF directors
The said corporation shall at once become
and be a going concern and shall Immediately
business.
The said capital stock may be increased
from time to time to any amount not exceed
ing five hundred thousand dollars such in
creases to be made as provided by law.
Article Vail the corporate powers OF saia
corporation shall be vested in and the man.
agement and control of its affairs shall be e1.
ercised by a board of directors, composed of
four stockholders. Each director shall own at
least one share of stock and shall be electeI
by the stockholders, by ballot, on
the Thursday following the hrst aonday IN
first election TO be held IN l9lo
Notice shall be given by mail, addressed to
each stakeholder, at his last known place of
residence as shown on the books OF the cor
poration, said notice to be mailed not more
than three weeks, nor less than TWO weeks
before such election, and all elections shall
be held under such rules and regulations as
may be fixed by the board of directors.
In case of any failure to hold an electlon
as above provided, such failure shall not FOR
as soon as may be practicable after notice as
above provided.
Each board of directors, at its first meeting
after each election, shall elect from its num-
Der a president and a vice president; and
shall also elect secretary and treasurer,
who may be members of the board or not, as
the directors see mt; and both OF said othces
may be held by one and the same person, as
secretary and treasurer, as may be determined
by the board.
A majority of the directors shall constitute
a quorum for the transaction of all business,
and any vacancy occurring on said board
shall be filled by the remaining directors tor
the unexpired term The said board, or such
officer or manager as it may designate shall
appoint such officers, managers, clerks and
other employees of said corporation as may
be necessary for its business and shall dis !
miss the same; and the tenure OF ONCE and
employment of all officers, managers, clerks
and employees shall be during the pleasure |
IF said board. 4
The said board shall have the right and
power to buy, sell, improve, contract, lease, |
borrow money, issue bonds and execute mort |
cages, and, in general, to exercise all the |
powers of the corporation, as well as to carry |
,ut its objects and purposes-all without ret |
.rence to or authorization by the stockhold- |
.rs.
From time to time said board shall adopt |
rules, regulations and bylaws for the man
fairs of said corporation, and, in its discre- 4
lion, shall cancel, change and modify the
same.
Article Vino subscriber hereto or stock |
holder of the corporation shall ever be held /
liable or responsible for the contracts, faults /
,r debts of said corporation; nor shall any /
mere informality in its organization have the