The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-28


Be it known, that on this 10th day of
November, in the year OF our Lord, 1910,
before me. Bussiere Rouen, notary pubic,
the parish of Orleans, State of louisiana,
personally 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 and espe,
cially Of the provisions of Act 27 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 267 of 1914, they have
covenanted and agreed, and do by these
presents covenant, agree and bind them
selves, their successors, their heirs and as
| signs, and form themselves into and constr
| tute a corporation for the objects and pur-
| poses following, to-wit:
| Article 1.-The name and title of this cor
poration shall be THE Carioca Company,
| Inc" and under said corporate name, it
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, to
be the purchasing, building, owning and
operating vessels propelled by steam, or any
connected Herewith, growing out of or nee
| essary for the said objects and purposes
and in so doing, the said corporation shall
to p ri Ends and tSs
to hold at their convenience.
Article llI.-The amount Of authorized
capital stock OF this corporation shall be
one hundred thousand (Sl00,OO0OO dollars.
The present capital stock of this corpora
ton shall be fifty thousand (SS0,0O000) dol
lars, divided into one hundred Q00) shares
of the par value of FIVE hundred (S5O0.OO)
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, il
: that none of the stock presently subscribed
or issued, or hereafter subscribed or issued
shall be susceptible of being negotiated
be acquired Hereunder by pledge, mortgage
or negotiation except, FIRST, the said pledge
4 negotiation or mortgage, or request TO pledge
e negotiate or mortgage the said stock shall
be submitted to the stockholders OF Thu
t corporation at a meeting specially convened
r for that purpose, at which said meeting
S majority Of stockholders voting, thereupon
,. shall at that time agree that this negotia
e and that duly certified copy of which sal
: motion shall be annexed to such stock s
/ to be negotiated, pledged or mortgaged;
: The said stock shall be further only par
d and transfer, in that all stock present.
subscribed for or issued, or hereafter sub
e scribed for and issued, shall be subscribe
J, and issued under the specific condition tina
i the said stock cannot and shall not be de
n vised, sold or transferred; nor can the right
|, | Of the subscribers and owners thereof b
/ transferred except solely after the subscrit
e ers or owners shall have FIRST offered fc
sale to the stockholders and subscribers the
y owning stock in this said corporation, IN
: said stock which the said subscriber Q
It owner desires to sell, which said offerin
II shall be in written form, and for a ter
Il of thirty (3o) days, and the said writin
/. shall be addressed to this said corporatio
S and also to the stockholders Of record upo
|. the stock ledger and stock records of TIL
II corporation.
y II being further understood and agree
" by all parties, that the fixed offering pric
e | at which the said stock shall be sold, sha
i. not exceed the book value of the said stoc
g as shown by the books of the corporation ;