The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-21

Of lHE CAKlOCA IOMPAN1, INC
United States of America, State of Louisi-
ana, Parish of Orleans, City of New Or.
leans.
Be il known, that on this 10Th day of
November, in the year Of our Lord, 1916,
before me, Bussere Rouen, a notary public,
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-
the organization of corporations and espe.
cially of the provisions of Act 267 passed
by the General Assembly of this state DUR
ing the year 1914, the laws amended thereby
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 consti-
tute 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
other motive power, and all other business
connected Herewith, growing out of or nee
essary for the said objects and purposes;
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
The present capital stock of this corpora
ton shall be fifty thousand (SSO,OOO0O dol
lars, divided into one hundred 600 shares
OF the par value of five hundred (S5OOOO)
a III NA@l
stock, and this corporation shall commence
business as provided by law.
Article IV.-The said stock shall only be
partially, or eSnditiOnally, negotiable. it
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
or negotiation except, first, the said pledge,
negotiation or mortgage, or request to pledge,
negotiate or mortgage the said stock shall
De submitted to the stockholders of this
tor that purpose, at which said meeting a
majority OF stockholders voting thereupon,
shall at that time agree that this negotia.
tio1' pledge or mortgage shall be permitted,
and that a duly certified copy of which said
MOTION shall be annexed to such stock so
70 be negotiated, pledged or mortgaged
The said stock shall be further only par
tiaily or conditionally the subject of sale
anu udnsIcI, IN mat all stock presently
for or issued, or hereafter sub.
scr,bed for and issued, shall be subscribed
and issued under the specific condition that
me SAID stock cannot and shall not be de-
used, sold or transferred; nor can the rights
u the subscribers and owners thereof be
transferred except solely after the subscrib.
RS or owners shall have first offered for
sale to the stockholders and subscribers then
'wning stock in this said corporation, the
'aid stock which the said subscriber or
,wner desires to sell, which said offering
hall be in written form, and for a term
! thirty (so) days, and the said writing |
hall be addressed to this said corporation
md also to the stockholders of record upon
he stock ledger and stock records of this |
1t being further understood and agreed
" all parties, that the fixed offering price
t which the said stock shall be sold, shall |
lot exceed the book value of the said stock
3 shown by the books of the corporation at |
he next preceding annual meeting, at which
rice, any or all Of the then existing stock 1
olders in this corporation, shalt be entitled |
Q purchase the whole or a proportiorate part |
the said stock so offered, within the said /
ERIN of thirty (,0 days. This provision is