The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-15
Ivr-DMENT TO CHARTER

OF NJ. ORLEANS DRY DOCK AND
~HIPBI-UDING COMPANY.
Looted So. II America State Of Lousi.
49,. p.-isb NJ Orleans
Pc i. l-.,r- tina, on this 9Th day OF the
.-..,,r.r 80 r...s.-,,ary in -h. wear G.! our Lord
mont. 'l III I,,rJ-,I and sSye1reer
Ggt-5 and II .re indencndence Of the United
$50 49,. t...-s~. H.. one hundred aut
r,,.y.r--r h.5,-r me. Watts X Levc-ich
49,. ,.f..r f-,ry commissioned and DUAL
,aa1 in and fr- the parish and state atorc
- -F nth r-.Ienre of the Yitncsse
h-,...,..,'- med aud undersigned person
Xiv came and APPEARED: Pearl Wight an,
IL rrE,aF. both residents of the parish q
=. t-s...-. .y frrf aya heron asrrarirg IL
-rs,- ..,,.r.., A.. -egnrrf-yeIy. the p-esidcr
- Oh ..r-...a~I If The Nc,y Orleans Dr.,
D,I,. N Sl.rfgrIdfry C,rrnanv. appearing br
-. - -..,,r.,.,lr. sI,rtrI iy The director
,rf s,r.Lr.rFa-. 81 m. 's7iI c5-npauy. cert
he'd comic, Of which are hercInto annexed
In the margin for reference:
Who dcr,a-ed tbat al a meeting of III,
-.artrgrlrr, 9f The New Orleans Dry Docl
e. 81, R-,,rF,,, Corr,srv hold prrsIiar7t I,
an ~ the Stockholders. Al the call OF tn,
b17-5 If directors. on the 5th day Of FeJru
s-. 1l'- =. The Office of the c1rrary at IL,
j,-,,:-.r. -, NJ, Orleans AZ which rueetin,
H., s-t,-a b,dy If storkboIdc-s Of the saic
-l.,,.,r,. ,y-s r-cseDt or renrese1ted i wa
s7irr.,--r,y voted IA amend Articles ~ 3nC
V Of the charter Of the company as cstab
,sh,1 In. qrs hef,-a AuIre,y Hero Tr no
he l.rI d,v ~ T,,,iarv. ions recorded in
fh. ,7.~tr7ga Office f,r The oarish of Orleans
ip hook SI9 folio I4y 50 that the said Att.
r'as ~ and Y should hereafter read and he
a. T,'l,,., f0.vff.
Ar,;r1e fy-..The r1r,ital stock If This cor.
po-stion shall be nine hundred thousand
isql0 g0rD dollars. which shall he divided
into nine thousand 9gnU shares Of the par
yalue If one hu0d-ed tSIDDOn dollars each
The r.rr.-7,io0 NAV commence business as
500, a, ONE thousand IDDD shares Of il.
storb have bren Subscribed for Ssid ,tork
Shall be issued from time 20 time as the
hoard Of directors nav see fit and shall be
paid Tor in Ca,A, or the same NAV be issued
II not les. than p3r for labor done or Dror.
crty actually received at the fair value
thereof as appraised bv the directors. and
1Ippn such terms as the directors NAV tbIrL,
proper 1t Shall be transferred only in writ
ing ON the book, Of the c,,nnauy by IFS
n,yucr in person or by attorney IS
Article E-"Ai corporate powers Of this
corporation shall be vested in and exercised
by board of 1--WE 81 directors. each Of whom
shall own AT least ten UU share, of the
stock Of this CORPORATION. SAID directors
shall be elected bv ballot Al an annual meet
ing of the stockholders of this company 10
be held on the third Monday I'm January Of
each wear A. all meetings of Stockholders
each Stakeholder shall have the rfyht either
IN person or by p-,,xy to cast one IN vote
on each share Of stock held hy him Three
On member. Of the hoard of directors shall
constitute A quorum All vacancies IN the
board of directors shall be filled by the re-
naming members of the directors The board
of directors shall continue in office until their
Successors shall have becu elected aud mali
fed, and the failure to hold meetings shall
not affect the Cornorate life Of the cornora.
ton or any action Of the officers or directors
OF the company Notices of all Stockholders
meetings shall he given ia Zach stnckboIde-
by a notice mailed tn the last known al
dress OF each stakeholder at least eight tO
days before the meeting. Special meetings
OF stockholders shall be held upon the call
of the hoard Of dirrrtors AZ srch tir,a or +;r,as
as the directors NAV determine. and The
directors shall call such meetings ,,Don the
written petition Of stockhoIders owp;ng
twenty-five (25Gl) per cent of the stock Of
the company ANY member Of the hoard nj
directors who NAV be absent from the doni.
cile Of the company or unable to attend a
meeting of the hoard may give a written
proxy 10 any other monber Of directnrs 10
represent him at any and ali meetings Of the
board of directors: such proxy NAV be spe-
cIal or general. for all Durposes and NAV eitber
be limited 10 one meeting. or NAV extend
to all meetings OF the board AT which the di-
rector giving the Droxv nav not he in at
tendance; and such proxy. where general in
terms. shall authorize the one "a whom II ;s
directed TO cast the vote Of the absent dirertoT
as the proxy may think nroner ON ali Gnes
tiOns which may come before the board OF
directors and the vote of the absent direc.
tor. so cast by his said proxy. shall he effect.
i've as fully as If said absent d;rector yrere
personally present and voting The bosrd
Shall select from their nunlbeT \ nresident
a first vice.president. A second yire-presidert'
treasurer and secretary. and such other
nf5csrs .s ,b,' -, ~ - - gu 'HS" ot.le'
nent for the carving of the comnany's bnsi.
ness and shall have the mower 10 rnite two
or more offices and TO confer the same mon
one person, or 10 dispense with any ofice in
their discretion, and 10 FIX the Salaries of
all officers, agents or employees The board
shall have p5wer to NIL 3rd est,hG;sb 80
well as alter and amend. ali bv.laws r,,Iss
and regulations necessary and pr1per Tor the
support and management of the business az
the corporation. and not Inconsistent Win
its charter; they shall have Dower y;tbont
referring TO Stockholders. tn harrow noney
execute mortgages. Issue notes nIedges
bonds or otbeI obIigations in - p,,oi..,t,
and on such terms as in their Judgment NAV
he advantageous: and generally TO do ali
things reasonably necessary or convenient
for the proper carrying on of the business
vote of at least two.thrds C2S ' in AMOUNT any Tf
ing at the time, by their consent in wT;t;ng
or by their Affirmative vote AT \ sner;si
meeting of the stockhoIders called co. IT.
purpose, tie directors of the Corporation. bv
vote of majority of the directors elected
at the last annual meeting of stockboIdrrS
shall have the power TO sell. lease assign
transfer, convey, or otherwise disnose al
and deliver. ali it's propertv. ,,ovabIe and
imulovsble, of the corporation, as an entirety.