The herald., 1916-12-14
CHARTER

OF THE CARIOCA COMPANY, INC.
United States of America, State OF Louisi-
ana, Parish of Orleans, City of New Or
leans.
November, in the year of our Lord, 1910,
before me- Bussiere Rouen, a notary public,
duly commissioned and qualified, IN and for
the parish of Orleans, State of louisiana,
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 21 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
presents covenant, agree and bind them
selves, their successors, their heirs and as
signs, and form themselves into and consti-
tute a corporation for the objects and pur-
Article 1.-The name and title OF this cor
poration shall be The Carioca Company,
Inc" and under said corporate name, II
shall have all powers and authority granted
bv 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 ana
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 powell to purchase real, personal or
mixed property of all kinds, and the same
to hold at their convenience.
Article lII.-The amount OF authorized
capital stock of this corporation shall De
one hundred thousand (Sl00,0O000 dollars.
The present capital stock of this corpora
ton shall be fifty thousand ($500O.W) dol
lars, divided into one hundred 600 shares
of the par value of five hundred &5OO.OO
l,l1 rl ct ~ No
stock, and this corporation shall commence
business as provided by law.
Article lV.-The said stock shall only be
partially, or conditionally, :. negotiable, it
that none of the stock presently subscribed
or issued, or hereafter subscribed issued,
shall DE 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 shall
be submitted to the stockholders of this
corporation at a meeting specially convened
for that purpose, at which said meeting a
majority of stockholders voting thereupon,
shall at that time agree that this negotia-
tion, pledge or mortgage shall be permitted,
and that duly certified copy of which said
motion shall be annexed to such stock SO
20 be negotiated, pledged or mortgaged.
The said stock shall be further only par
TALLY or conditionally the subject of sale
subscribed for or issued, or hereafter sub
scribed for and issued, shall be subscribed
and issued under the specific condition that
the said stock cannot and shall not be de-
vised, sold or transferred; nor can the rights
of the subscribers and owners thereof be
transferred except solely after the subscrib-
ers owners shall have first offered for
sale to the stockholders and subscribers then
owning stock in this said corporation, the
said stock which the said subscriber or
owner desires to sell, which said offering
shall be in written form, and for a term
Of thirty 600 days, and the said writing
shall be addressed to this said corporation
and also to the stockholders of record upon
the stock ledger and stock records of this
corporation.
1t being further understood and agreed
by all parties, that the fixed offering price
at which the said stock shall be sold, shall
not exceed the book value of the said stock
as shown by the books Of the corporation at
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 part
of the said stock so offered, within the said
term of thirty Qo days. This provision is