The herald. [volume] (New Orleans, La.) 1905-1953, 1915-04-15

| agement and control, and shall have anC
| enjoy all the rights, privileges and immun
ties which are now conferred upon, or may
| hereafter be graz ted to corporations of the
| same kind and character.
| Article 1.-THE domicile of this corpora
/ ton shall be in the city of New Orleans
| State of Louisiana, and all citations and other
| legal processes shall be served upon the pres.
| ident, or, in his absence, or inability to act
upon any other officer of the corporation.
| Article llI-The objects and purposes for
| which this corporation 1, organized and the
| nature of the business to be carried on by il
| are hereby declared TO be to encourage aid,
assist, promote, foster and develop the con-
struction, acquisition and operation through
out the United States OF America of mer-
chant vessels flying the flag of the United
States; to encourage and assist in the forna-
tion OF healthy public ettlment in favor
OF such enterprises through the public press
or through newspapers, magazines, period-
calls. pamphlets or other publications 10 be
issued by or under the auspices of or with the
all proper and legal methods, the enactment
and enforcement of legislation favorable to
the enlargement, development ard sustained
prosperity of the American merchant marine
and American ship owners and seamcn; to
participate and assist in the promotion, or
ganlzation or operation of corporations or other
organizations for the purposes of building &C
curing, owing or operating American ship
ping or other incidental objects and purposes;
to own stock in any such corporations or or.
carnations, and to have such general and in
dividual powers as may be necessary in fur
therance OF the objects ar purposes herein
set forth or such as a natural person might
have or exercise, and to have and be vested
with such powers as are conferred upon cor
poratIons OF the same kind and character,
under the laws of the State of Louisiana.
Article lN-The authorized capital stock OF
this corporation is hereby fixed at ten thou
sard SlO,UOOO) dollars, represented by one
thousand Q,OOO) shares of the par value of
ter (slO) dollars each, to be paid at such
md
directors may deem At and proper and NAV
be ISSUED Tor cash money or in payment of
property or services actually received by or
rendered to said corporation. This corpora
twenty-five hundred (S2, 10000 dollars of its
capital stock shall have beer subscribed for
and paid in.
The parties hereto declare that they hereby
subscribe for the number of shares set oppo-
site their respective signatures hereto. or an
aggregate of $4,000.
The capital stock of this corporation NAV be
increased to the sum of $25,0OO.OO in accord
thereto
The board of directors of this corporation
shall be authorized at any regular or special
meeting, to elect any citizen of the United |
States OF America ar Honorary Member of |
this society. Such honorary member shall re- |
tam such membership at the pleasure of the |
board OF directors and need not be a stock
holder. Honorary members shall have the |
81 the society and to act in an advisory capa-
city. They shall not be rable for any of The
faults or obligations of the society nor shall
hey have any Interest in its assets.
Article Vail the powers of this CORPORA.
non shall be vested in and be exercised by
! board of not less than three nor more than
i've directors, to be elected at the stock.
FOLDERS annual meeting. The persons so
BONA hide stockholders, may select from their
'wn number president, a vice-president,
ia secretary-treasurer The first board
u directors, with post Office addresses, are
Alfred H. Clement, l1Oe Hennen Bldg, New
)rieans, La, president; ]. w. CORY, Gulf.
'ort, MISS, vlce-president; George TAYLOR.
% Whitney Central, N. o. La, secretary.
On the second Tuesday of January, 1916
nd on the same day of each succeeding wear
kept when such day shall fall on legal
So a then uPoI; the next following layday.
ne stockholders shall elect board of direc.
ors for the ensuing year, the board already
Installed to continue to hold over until their
uGcessors are elected and qualified
The board of directors SO elected shall GO.
ect from their own number the officers of
ne corporation as above provided, and shall
$50 appoint a manager of the corporation The
lection OF directors shall be by ballot, and
he persons receiving the largest number of
otes cast shall be declared elected, For
leGting directors or for any other purpose.
ach share of stock, whether present or by ,
roxy, shall be entitled TO one vote, and a
laJority of votes cast shall be required 70
ass any resolution or decide anv onestion |
lbmitted to the stockholders, except for The
iteration or amendment of this charter or
tier provided. :
The said board of directors shall bav. ,ou,. ]
ana authority to make all Necessary rules S
nd regulations for the management, opera l.
on and control of the business of the cor S
, ,is as well as to make all necessary !
0Y-lawS Wi |
icaney occurring in their number. A major. a
OF directors voting at any one time in q
,rson or by proxy, shall be required to pass o
~ resolution or adopt any bylaw and which, g
is. n
Article. VI-Notce of all meetings of stock. c.
,lders for electing directors or for anv p
aet purpose snail be given in writing by c.
secretary, to be deposited in the mail al 81
asst hfteen days before such meeting. di Ct
cted to each stakeholder at his last known p
oress appearing upon the books of the cor. a
Iatlon, unless said notice Is waived in writ lC
on the books. - ~ n,
Articie WHIPS act Of incorporation NAV &c
modihed, added to, changed or amended HI
- ms corporation may be dissolved by and pl
IN the assent of the holders of two-thirds 81
amount OF then outstanding stock given fir
general meeting of the stockholders. 10 ! tr
convened after fifteen days prior notice, to
PROVIDED in Article vi of this charter. So
poration, either by limitation of II. eSar. Ii
!, or Otherwise, its affairs shall be iioui pc
'ed by three commissioners, to be appoint. lii
ara elected at special meeting of the ar
ckholdeIs for that purpose, as above pro. az
leo, and who shall remain In Office until ar
anairs OF said corporation shall be fully qu
uidated; and in the event of the death or BY
soIIlty OF one or more of said liquidators, pc
survivors or survivor shall continue to Of
.rticie VIlI-No stakeholder shall be held
PIE or responsible for the contracts or faults tic
tnis corporation in any further sum than Or
unpaid balance due to the corporation on an
shares owned by him, nor shall any mere pr
ormality IN organization have the effect of de
derlng this charter null or of exposing a re-
unpaid stock, If any. - wi
hus done and passed, at my Office, IL, the ma
: OF Ney Orleans, on the day, month and ar,
nrsf hereInbefore written in the pres str
oI yonn IL. Miller and Frances Eisler, est
potent witnesses who hereunto s;on ,hs;, of