The herald., 1915-11-11

the extension Of the business IN which the
corporation - engaged.
Article II.-Ihis corporation shall be DON'T /
clicd Al the city Of New Orleans m the state
ui Louisiana and all Crta''on or other lcga! .
process shall be served upon the president
Of the corporation and IN the event OF ms abe .
scucc. upon the vlcc-president.
Article III.-Ihc objects and purposes Tor .
which this corporation = organized and Gre .
atrd and the nature Of the business L. be I
carried ou hy It, are declared TO he a. toll .
lows.
TO engage in general ship brokerage. ship .
agency. ship chartcrIug and shipping bust !
ness: to buy. hold. lease, sell, hire, charter .
and operate boats, vessels, and water craft, I
Of any and all kind to act Is agents and /
representatives for and ON behalf ut vessels. |
their uwucrs or Chartcrcr>. and To act Is char !
tcrcrs and >un-Cha~tcrcrs. To- engage ~, place
or handle marine insurance or act as repre- |
>cutatlvcs OF agents OF marine insurance com
pauic~; 10 insure with any company or per
sons against loss, damage, risks or liabilities
Of any kind which may affect this company,
or those Tor whom u acts; 10 engage IN ana
make freight arrangements, contracts Of ~
frrightmcut Of any and all kind, contra. Is
relating 10 the transportation OF freight and
merchandise: to- buy, sell, deal IN or handle
| foreign or domestic exchange: to engage M
| Stevcdoring and To- make contracts Of all
kinds in reference thereto; 10 own, contract,
| lease or operate wharvc>, docks and storage
| wards and To- act a. bailcc for storage pur-
| poses; To- acquire hold, own, exchange shares
1 OF stock interest IN sNllS or NtN~tlN anu
| also shares OF stock in other companies inter-
| cstcd in ships or vessels; 70 repair, MAINTAIN
| ship, or vessels; engage In salvage iheTtul'
| to issue bonds or other evidence OF indebted
| ness; TO mortgage, pledge, hypothecaie prop
| rrty. real, personal or mixed OF the COM
| pauy: and generally, among the states OF the
| United States and with foreign countries, u
| carry on the business of shipping, snip own
| ers, ship brokers. ship agents ana thdT'CIei :
marine insurance. freight contractors. wharf
iugcrs and the like and to do any and al!
| things necessary, incident 10 or proper and
~ may be permitted by law, for the purpose
Of furthering and carrying out the OBJECTS oi
the corporation.
Article IV.-The capital stock Of this cor
poration is hereby fixed at the sum Of Slun"
and shall be divided into and represented by
one hundred shares OF the par value OF 81"
. each Said stock shall be paid Tor IN cash or
It's equivalent as provided by law, and IN
such manner and at such time and III such
instalmcnts as may be prescribed by the
board of directors.
This corporation shall become a going con-
Germ and shall be authorized to commence
business as soon as S5.OlUo OF ITS capital
stock shall have been paid for either IN cash
or its equivalent as provided by law, ana at. at.
of said SlOOnOO Of capital stock has III fact
been subscribed for at the time OF the pass
ing of this act Of incorporation.
Article N.-The capital stock Of this corpor-
alton NAV be increased 10 the sum OF 500,
10000 by a two-thirds vote Of all Of the stock
at special meeting called for that purpose
or at a regular annual meeting OF the cor
pOration.
Article Vial certificates Of stock issued
by this company shall he signed by the presi'
dent and countersigned by the vice president
or if authorized by resolution OF the board OF
directors shall be signed by the president
and countersigned by the secretary-trcaSurer
The stock Of this corporation can be trans
= ferrcd only on the books OF the corporation
and subject 70 such regulations and tornaii
ties as may he by the board OF directors iron
...afl -..1gl GNasI
be permitted to sell or otherwise dispose o.
= his stock without first offering the same II
writing to the other stockholders, through M
board OF directors, at price not exceeding
the book value thereof, and SAID stockhoIdeI
| shall have an option and first night TO pur
I chase all the shares Of stock to be thus DIS
posed Of by sale. death. resignation or other
j wise Of any of the stockholders, and shall
n have a period of ten days in which to accep
or decline said offer. Should the board o
Z directors or stockholders decline TO purchaS
p said stock, then the stakeholder Tor STOCK
holderS) who made the offer to sell or other
S wise dispose of the stock, may do SO IN an
- manner and at any price he may see mt; bu
y each share OF stock is issued herein upon IN
: condition and understanding that no stock
holder shall make sale or transfer ms st9c
: IN violation thereof, and such sale or transfer
il made, shall be void and this company sha
he under no obligation to list said stoc
on its books or to regard the holder OF tn
certificate thereof.
Article Whine corporate powers o. l'l
d. corporation shall be vested in and exercise
nv 4 board of directors composed OF thre
u stockholders, two OF whom snail constitute
: quorum for the transaction OF business.
. The directors of this corporation may vol
in person or by proxy ~ any OF the NEE
Il iugs of the board of directors, and the boar
N OF directors may delegate any OF ITS power
- to any officer officers or any other repre-
II sentative of the company by appropriate RES
- luton to that effect. The FIRST board OF dire
., | tors of this corporation shall be composed
u l. w. CORY. president, Jules Lllote, vic'
y president, and Frank Erlinger, secretary
\. treasurer, who shall serve until the secon
Wednesday in January, 1917, or until the
nj successors are elected and qualified The d
nj rectors shall be elected annually by II
| ockholders at a meeting held on the secor
:! Wednesday in January IN each year att
', date hereof Notice of said meeting shall |
4, given ten days prior to the date OF the NEE
" ing in writing sent to each OF the stocknol
I'D ers at his last known place residence: Fac
stakeholder shall at such annual meeting
other meeting, general special, be entltit
in person or by proxy to one vote TOR ever
share of stock owned. The elections sha
In be held under such rules and regulations
70 may be from time to time determined by u
board of directors. -
so The directors when elected shall hold ofh
for one year or until their successors sha
C. have been elected and qualified and failure
IN hold the annual meeting OF SAID Stockhoide
or to elect annually the directors shall n
IN operate the forfeiture of this charter or al
ot rights hereunder.
~ The first officers of this corporation vi
D. shall hold Office until the second Wedneds;
a in January 1917. or until their successors a
=" elected and qualified shall be J. W. Corr
H. president Jules L'Hote, vice president al
~ Francis Erlnger, secretary treasurer Al
ne vacancy occurring in the board OF directo
a NAV be filled by the directors for the u
a expired term.
Article VIII-This charter or act Of inc'
be poration may be changed modified, altered
ed amended by and with the consent OF I"
:. thirds of all the stock at any meeting, &c
81 er,l or special, held for that purpose, and su
amendments may be material or immater
subject only TO limitation may be by |;
nrovided and this corporation shall nave !
right and power to increase or decrease
III. capital stock, as hereinbefore set out,
any increase of the capital stock IN exec
Ire of the amount named herein as the amou
on to which the capital stock may be lncreas
may be made by three-fourths vote OF all o
ch standing stock.
,,s Article IX-Notice of any and all meetir
w. referred TO in this charter or required by !
Fps shall be given in the manner provided IN &
m ing notices in case of election, unless
| same shall have been waived
NY In case of dissolution, liquidation or
nd uination of this charter by limitation or 9th
,s wise the affairs of this corporation shall
Inundated by one or more liquidatOrS cleo
the by the stockholders who may provide
We number of said iquidatOrs and vest them "
-, such power and authority as may by law
nIS permitted; fix the terms and conditions Il
which they shall serve and their compet
t;on and provide that in of the death
disability of anyone of said lquidators
remaining liquidators may I'LL the vacancy
.a,,;,,,a 20 art on behalf OF the corporation