The herald., 1915-07-01
CHARTER
OF MERCHANTS TRANSPORTATION co.


VI MEKCllANIS TRANSPORTATION o.,
United States of America, State of Louisiana,
Parish of Orleans, City OF New Orleans.
BE 1t known that on this 18th 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 one hundred and thirty-ninth,
before me, Alfred Charles Hammer, notary
public, in and for the parish of Orleans, state
OF LOUISIANA, aforesaid, therein residing, duly
commissioned, sworn and qualified, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the several persons whose names are
hereunto subscribed, who declared unto me,
notary, in the presence of the undersigned
witnesses, that, awaiting themselves of the
provisions Of the law OF the state of louisiana
in such cases made and provided, and partic-
ularly OF the provisions OF act 267 OF the acts
of the general assembly of the state of Lou
isiana for the year 1914, they have covenanted
and agreed and do by these presents covenant
and agree and bind themselves, their heirs
and assigns, as well as all such persons as
may hereafter join or become associated with
them herein, to constitute and form a cor
poration and body polite in law, under the
name and for the objects and purposes and
under the articles and stipulations hereinafter
set forth and expressed, which they hereby
adopt as the charter OF this corporation, to-
wit:
Article 1.-The name and style of this cor
poration shall be Merchants Transportation
4
il shall have and enjoy corporate existence
and succession for the full term and period
OF nincty-nine years from and after the date
hereof, unless sooner dissolved in the manner
provided by law and the articles of this char
ter; it shall have power and authority to
contract, sue and be sued, TO make and use
4 corporate seal and the same TO alter and
break at pleasure; to hold, receive, lease, pur-
chase and convey, well as mortgage and n.y.
pothecate property, real, personai and mixed,
corporeal and incorporeal; 10 name and ap-
point such managers, agents, officers and d.
rectors as its business, interest and conve-
nience may require; to make and establish.
as well as alter and amend, from time TO
time, such bylaws, rules and regulations for
the proper government of the affairs OF the
! said corporation as may be necessary and
proper; and it shall have and enjoy all the
rights, privileges and immunities which are
now conferred upon or may hereafter be
| granted to corporations of the same kind and
character.
Article 1.-The domicile of this corporation
! shall be in the city of New Orleans, state OF
| Louisiana, but it may 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
| or inability to act upon the vice-presideni
| 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 il
are hereby declared to be the carrying on OF
| a general steamboat, stevedoring, commission
| and brokerage business; the hiring and char
| tering of boats and the carrying of freight
| and passengers and acting as agents fol-
| steamboats, or other boats and water craft
or for the owners charterers thereof; &c
| build, buy, sell, equip, operate, own, main
tain and hire steamboats,, 6arges 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 navigation upon the MISSISSIPPI
river and its tributaries and to furnish tacil
tiles for towing, lighterage and transports
| ton upon such waters; and generally to dc
and engage in any other business, under
| taking enterprise connected with, CROWNS
out OF, incidental or germane to any OF ths
| objects and purposes hereinabove set tortf
or contemplated in this charter.
| Article IV.-The capital stock of this cor
| porat;on is hereby fixed at the sum OF htteer
thousand dollars Sls.OOooO), divided into ane
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 II
cash, at such time, in such amounts and aftei
| such notice to the subscribers as may bt
| fixed by the board of directors, or the sam'
may be issued at not less than par for ser
| vices rendered to or property actually re
/ ceived by the corporation.
| This corporation shall become going con
| Germ and shall be authorized to do buslnes:
as soon as twelve thousand dollars Sl2,OOOOO
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
| fifty thousand dollars (S50,0OO.0O) 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 a board of directors, TO be composer
any time, shall constitute a quorum, SAT-
directors shall be elected annually by tn
stockholders on the first Monday in April Ii
each year, except the first board OF director
ofices until the first Monday in April, 1916
or until their successors shall have beef
elected and qualified. IT
| All such elections shall be held by ballo
iuand conducted at the office OF said corpora