The herald., 1917-04-19

OF NEW ORLEANS SHIPPING AGENCY
INC.
United States OF America, State Of Lou.
isana, Parish Of Orleans.
BE it known. that on this 18th day OF the
month OF April, in the year OF our Lord
Nql7), before me, Watts H. LeveriCh, a no.
tary public in and for the parish OF Orleans,
State Of louisiana, duly commissioned and
qualified and in the presence OF the wit
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereuutO sub
scribed, all of the age Of majority, who de-
clared that, avaIling themselves OF the pro-
the organization OF corporations. they hereby
form themselves into and constitute a cor
poration for the objects and purposes, and un-
der the stipulations hereinafter set forth.
Article 1.-The name of this corporation
shall be New Orleans Shipping Agency, Inc.
Article 1.-THE purposes for which this
corporation is formed declared 10 be:
TO buy, sell, own. charter, lease, operate,
vessels OF all sorts; 10 act as sH'pping
agents and ship brokers and freight brok.
ers; generally, to deal in all kinds of
vessels and objects of navigation, either Tor
lis own account, or as brokers or agents tor
others; 10 acquire, hold, cucumber. or dis
pose Of, stocks and bonds of other compa-
mics; 10 exchange its entire capital stock.
or any part thereof, for property which 1t Is
entire assets and business, or any part
transact all business properly connected
thereof. for property, stock, bonds or other
obligations of other corporations; 10 hold
with, incidental or convenient to any OF the
aforesaid obligations and purposes.
Article III.-The amount of capital stock
of this corporation shall be the sum OF
and represented by fifty $50 shares OF the
par value Of one hundred (Sl0O.OO dollars
per share; said stock to be issued by the
board OF directors for cash or property, or for
services rendered the corporation, at their
appraised value, the board OF directors
may determine and direct. in accordance with
Article IV.-The amount to which the cap
b fr15 S.G'k thousand mny ie CsIe@ daars
Article N.-The domicile OF this corpora
ton shall be in the city OF New Orleans,
State OF Louisiana; and the duration OF the
corporation shall be for ninety nine (99l
years. Service of citations, or other legal
processes, shall be served upon the presi-
dent, or in his absence, upon the vice
president
this corporation shall be vested in a board
of directors to consist of FIVE 81 directors to
be elected annually at a stockholders meet
ing to be held on the first Monday in April
of each year. The directors so elected shall
remain in Office until their successors are
elected and qualified. The board Of direc-
tors shall elect from their number a pres
dent, a president, a ,seoretary-treaS-
urer, and such other officers they may
think proper or convenient, and shall have
power to unite two or more offices and TO
confer the same upon one person, or TO dis
penSe with any office in their dicretIOn,
and employees. The directors shall have
power to fill all vacancies occurring on the
board, even though quorum remain at the
time such vacancies are to be filled.
uIsjOrty of the directors shall constitute a
quorum for the transaction OF business. At
any meeting of the board OF directors, any
absent director may be represented by any
other director, who may cast the vote of
either general or special, of
said absent director. The directors shall
have power to make, establish, alter and
amend, all bylaws, rules and regulations.
issue notes and pledges, bonds or other
obligations, they think proper. without
reference to the stockholders as well as to
exercise all of the other powers with which
annual meeting in 1918, the board Of direc-
tors shall consist of the following:
Jesse G. Rainwater. Post Once address,
80 Whitney Central Bldg; F. L. Powell.
Whitney Central Bldg; J. d. O'Connor,
Post Office address Canal Bank Bldg, w P.
Brown. Post Office address, Whitney Cen.
Lldl Dug. win llc Sd4u Jesse u. KAN
water as president. the said f. l. Powell as
vice-president, and the said S. F. Barager,
as secretary-treasurer.
Article VII.-The names and post Office
addresses Of the subscribers of these arti.
cles OF Incorporation, and a statement of
the number Of shares of stock in the corpora
ton for which each has subscribed, are
shown by the signature Of the said sub
scribers hereto appended
Article WILING stakeholder shall ever
be held liable or responsible for the contracts
or faults OF said corporation in any further
sum than the unpaid balance due on the
shares Of stock owned by him; nor shall
any mere informality in organization have
the effect OF rendering This charter null or
OF exposing any stakeholder to any liability
beyond the amount due on his stock
Article IX-This act of Incorporation may
be amended, and its capital stock increased.
or the corporation may be dissolved, in the
m1iner now provided by law. Upon the