The herald., 1917-05-24
CHAR TER
OF NEW ORLEANS SHIPPING AGENCY

OF NEW ORLEANS SHIPPING AnESCl .
INC.
United States OF America, State OF Lou
isiana, Parish OF Orleans.
Be it known. tina; on this 18th day Of the
month OF April, in the year Of our Lord,
one thousand nine hundred and seventeen
lql7), before me, Watts h. Leyerich. no.
,ary public in and for the parish OF Or cans;
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 hereunts sub
clared that availing themselves OF the pro-
visions Of the laws OF this State relative to
the organization of corporations, they hereby
form themselves into and constitute a cor
poration for the objects and purposes. and IN
der the stipulations hereinafter set forth.
Article 1.-The name OF this corporation
shall 0e New Orleans Shipping Agency, Inc.
Article 1.-THE purposes for which this
corporation is formed declared to be:
TO buy, sell, own. charter. lease, operate,
employ, manage, repair, equip and trade IN
vessels OF all sorts; 10 act as shipping
agents. and ship brokers and freight brok:
ers; generally, TO deal in all kinds of
vessels and objects OF navigation. either for
It's own account, or as brokers or agents for
others; to acquire, hold, encumber' or DIS
pose Of stocks and bonds OF other compa-
MES; TO exchange its entire capital stock,
o. any part thereof. for property which it is
authorized to acquire, or to exchange IT'S
ana business, OF any 20! .
transact all business properly connected
thereof. for property, stock, bonds or other
obligations OF other corporations; to hold
stock N other corporations; and 10 de and
with. incidental convenient TO any OF the
aforesaid obligations and purposes.
Article III.-The amount OF capital stock
| of this corporation shall be the sum OF
i've thousand (S5,OO.OOD dollars. divided into
and represented by fifty (5O) shares OF the
par value of one hundred (SlO.C0) dollars
per share; said stock 10 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
law.
Article IV.-The amount to which the cap
ital stock may be i ,nsTe cas- shall be one
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 rinety nine (99)
processes, shall be served upon the presi-
dent. or in his absence, upon the vice
president
Article Wall the corporate powers OF
this corporation shall be vested in a board
Of directors to consist Of FIVE % directors TO
be elected annually at 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 numbe. a pres
dent, viceRresident, a secretary
urer, and such other officers as they may
think proper or convenient. and shall have
power 10 unite two or more Offices and TO
confer the same upon one person, or to dis
pense with any office in their dicretiOn,
and to nix the salaries of all officers agents
and employees. The directors shall have
power to fill all vacancies occurring on the
board, even though no quorum remain at the
majority 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
the absent director according 10 the written
instructions, either general or special OF
said absent director. The directors shall
have power to make, establish, alter and
and to borrow money. execute mortgages and
issue notes and pledges, bonds or other
Obligations, as they think proper, without
reference TO the stockholders; as well as 70
the corporation is vested by law Until the
annual meeting in 1918, the board of direc-
tors shall consist OF the following:
Jesse G. R2jnwa,er. Post Once address
Post Office address, COS Whitney Central
Bldg; 5. F. Barage:, Post Office address
Whitney Central Bldg; J. d. OConnor
Post Office address Canal Bank Bldg, W. p
Brown, Post Once address, whitney Cen.
trail Bldg. With the said Jesse C. Rain.
water as president, the said f. L. Powell as
Vice-presIdent, and the said ). +. Barager,
as seCrctary-treasurcr.
Article VIL-The names and post Office
addresses Of the subscribers OF these arti-
cies OF incorporation, and a statement OF
the number of shares OF stock in the corpora
lion for which each has subscribed. are
shown by the signature OF the said sub
scrbers hereto appended.
Article NlII.-No stakeholder shall ever
be held liable or responsible for the contract.
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
he effect Of rendering this charter null or
OF exposing any stakeholder to any liability
beyond the amount due on his stock
Article lN.-This act of Incorporation NAV
be amended, and its capital stock increased,
1r the corporation may be dissolved in the
manner now provided by law Upon the
dissolution of the corporation, its affairs
shall be liquidated by three ~ commits.
sioners TO be appointed at a meeting OF
stockholders convened for the purpose of
liquidation, 10 be elected by a vote OF all
rhe stockholders Said liquidators shall re-.
main in Office until the affairs Of said cor.