The herald., 1917-07-19
CHARTER
OF "IAHNCKE SIIIPBCILDINi COM
PANY, INCORPORATED"

! PANG, INCORPORATED.
United States Of America. State + Louis.
ana, Parish Of Orleans, City o; New
Orleans.
Be i, known, Tha; on this filth day o
'he month Of May, IN the year one ,housaD,
nine hundred and seventeen, before me
Henry J.. Dart, IT., a notary public, dul,
| 1y"nisN.1red and sworn IN and Tor III,
| faT'~A OF Orleans and City Of New O-lears
| therein residing; personally appeared n,
persons whose names are hercuuto sub
4 Scr'hcd, who declared that, avalling them
! selves OF the provisions of the laws OF th;,
| SAFE. relative 20 the organization Of co-po.
! Id','h>' tney nave cJveua1tei and agreed
! ""d DO, 1y these presents. covenant and
! agree, bind. form and constitute themselves
| as well as such other persons who nav here.
ai;eT JOIN or become associated with them.
| mo 4 cooperation and body polite m law
| Tor the objects and purposes, and under the
! wit: -
Article 1.-The name and style Of this
| ISoIpoEli.on shall be "lahncke Shipbui.d,ng
| name 1t shall have and enjoy all the rights.
advantages and privileges granted by law
| 10 corporations; II shall exist for a period
OF naety-nlre years; II shall have power
10 contract, sue and be sued in its corporate
name; 10 make and use corporate seal and
! ,hc same to break or alter AZ pleasure; 20
.'oiu' receive, purchase, convey, mortgage
nyb'tAccate or pledge property, both real
G1lgatiouS; 20 have and employ managers
directors, officers, agents and other employees
as the interests and convenience 81 said
. corporation may require; and TO make and
tons tor the corporate management and con.
t'I OF the affairs of said corporation as
may be deemed necessary and cNpcdicn;
Article 1.-THE domicile Of said corpora
non sha.! be IN the City Of New Orleans.
IN this State, and citation and other legal
process shall be served on the president.
ana IN his absence, on the vIcc-presiGert
In case of the death Of the president OF
ms inis corpoTation or IN the event Of his ina
oliity u act SUCH his duties and fr0c-
tons, shall devolve upon, and be ful1llcd
by the vice-president.
Article lIL-The objects and purposes for
"hIch tins cooperation is organize and the
nature OF the business TO be carried on bv
1t are hereby declared to be 20 purchase,
acquire and operate the shipyard business
now conducted in ST. Tamuany Parish, Lou
iSiana, IN The name Of the st, Tam !
many snip Nard;' TO build. construct and |
vessels boats barges and water craft Of |
every nature and kind; 10 conduct and main |
tam snip yard in It's largest acccptatiou in !
Inc Said iarSh Of St. Tammany and else |
where; TO buy, sell and deal in the product, /
mus created; to charter, to hire. 10 lease
shipS, boats or other water craft; 20 conduct /
a store or warehouse for the sale or safe.
keepng OF the merchandise usually hand ed |
80 ''''' 'tHiittNNB lIt4ullNE the Tlglt TO /
operate store IN connection with the same
and generally, 10 do and perform all things
gerpane or incidental TO- or usual IN the
business and affairs here,nabove authorized.
Article lN.-Ihe capital stock OF this cor.
poration is hereby fixed at the sum Of ff,y
thousand dollars ($5O,GOOO), divided into
nVe hundred shares Of the par value e one !
hundred dollars each, which shares shall be
paid for in cash or in the purchase Of p-ou-
-Tty, and the said capital stock may be
increased 70 the sum OF fifty thousand doll
ars additional. All shares Of stock shall
Re full paid and non-asscs sable No trans
er OF stock shall be binding upon the cor
'oraton unless made upon is books and all
'etthcates Of stock shall be igncd By such
'ti'cers as may be designated by the board
II directors.
All stock in this corporation shall he held
l?pn condition precedent and under con-
Tdct and agreement IN the nature OF vested
rights that all such stock IS so held and
'osNeSsed subject 20 the rules and provisions :
or me transfer Of same hereinafter SCI out,
O-wit:
FIRST. NJ sale or other transfer o.
h2res Of stock N this corporation shall b. !
and until and unless the opportunity has ID
zen hr-t afforded the shareholders a. record I
Z the date Of such transfer. sale .~ other /
uc1a'lJu % purchase such stock ~ book {
a.ue plus twenty-five per cent. the value
o. be sscertaiued IN the manner herein rc-.
cri!cd. The right 10 acquire SAID stock
ere5y FIRST vested in the other st1ekh1'd- .
= Of record shall follow the stock into any D.,
ands to which II may pass and may be
Nerclsed against the holders thereof within !,