The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-07

OF THE CARIOCA COMPANY, INC.
United States of America, State OF Loulsi-
ana, Parish OF Orleans, City OF New VI
leans.
Be it known. that on this 10Th day of
November, in the year of our Lord, 1916,
before me, Bussiere Rouen, notary public,
duly commissioned and qualified. in and for
the parish of Orleans, State of louisiana,
n ra.T came and appeared the parties
whose names are undersigned, who did de-
clare that, availing themselves of the pro-
visions of the laws of this state relative TO
the organization OF corporations ana espeii
cially Of the provisions of Act 26 passed
by the General Assembly of this. state dur
ing the year 1914. the laws amended thereby
and the laws existing in this state other
than the said Act DOT of 1914, they have
presents covenant, agree and bind them
selves, their successors, their heirs and as
signs, and form themselves into and constr
tute corporation Tor the OBJECTS ana pui
Article 1.-The name and title OF this cor
poration shall be The Carioca Company,
Inc" and under said corporate name, y
shall have all powers and authority granted
by the laws of this state and not expressly
withheld from corporations.
Article 1.-THE objects and purposes OF
this corporation are declared, generally, 70
be the purchasing, building, owning and
operating vessels propelled by steam or any
other motive power, and all other business
connected Herewith, growing out OF or nee
essary for the said objects and purposes I;
and in so doing, the said corporation shall
have power to purchase real, personal or
mixed property Of all kinds, and the same
to hold at their convenience. ,
Article III.-The amount OF authorized
capital stock of this corporation shall be
one hundred thousand CSlOO'ooOol dollars
The present capital stock OF this corpora
ton shall be fifty thousand (SSO,UOU) dol
lars. divided into one hundred GOO shares
of the par value Of FIVE hundred (SSOOool
dollars each. All said stock to be common
stock and this corporation shall commence
business as provided by law. :,
Article IV.-The said stock shall only be
partially, or conditionally, negotiable, II
being conditioned as condition precedent
that none of the stock presently subscribed
or issued, or hereafter subscribed or issued,
shall be susceptible of being negotiated,
pledged or mortgaged, nor can any rights
be acquired Hereunder by pledge, mortgage
or negotiation except, first, the said pledge,
negotiation or mortgage, or request TO pledge,
negotiate or mortgage the SAID stock shail
be submitted to the stockholders OF TINS
corporation at a meeting specially convened
for that purpose, at which said meeting
majority of stockholders voting thereupon
shall at that time agree that this negotia
ton, pledge mortgage shall be permitted
and that duly certified copy of which said
motion shall be annexed to such stock SC
20 be negotiated, pledged or mortgaged.
The said stock shall be further only par
TALLY or conditionally the subject OF sale
and transfer, in that all stock presently
subscribed for or issued, or hereafter sub
scribed for and issued, shall be subscribed
and issued under the specific condition thai
the said stock cannot and shall not be de
vised, sold or transferred; nor can the right:
of the subscribers and owners thereof b'
transferred except solely after the subscrib
ers or owners shall have first offered TO
| sale to the stockholders and subscribers theI
owning stock in this said corporation, th'
said stock which the said subscriber Der o. o.
| shall be in written form, and for a tern
of thirty 900 days, and the said WRITING
| shall be addressed TO this said corporation
| and also to the stockholders of record upoI
the stock ledger and stock records of thi
corporation.
1t being further understood and agree
| by all parties, that the fixed offering prize
| at which the said stock shall be sold, shall
| not exceed the book value of the said stool
as shown by the books Of the corporation a
| the next preceding annual meeting. at which
price, any or all Of the then existing stock
holders. in this corporation. shall be entitled
| to purchase the whole or proportionate par
| of the said stock so offered. within the salt
term of thirty 600 days. This provision i