The herald. [volume] (New Orleans, La.) 1905-1953, 1917-06-21

Parish OF Orleans, Clty OF New Orleans.
BE f., known. tia, on this the 18th day OF
| the month OF MAY IN the year OF our Lord
one thousand nine hundred and seventeen,
and Of The Independence az the United States
II America, the one hundred and forty-hrSt,
before me, Wear +. Milling, a notary public,
duly uwISSi0nei and qualified within and
for the Parish Of Orleans, State OF LousI-
ana, and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
whose name, hereunto subscribed, who
scyeral!y declared that, availIng themselves
u the benefits and provision, OF the Con
,titu,lon 81 the State OF Louisiana and OF
the laws Of said State relative 70 the organ
zl:iou Of corporations, and particularly OF
] the provisions Of Act No. 2o7 Of tie General
Assembly u the Safe OF louisiana Tor the
year 1914, they have united 20 form. and do
by these presents form and organize them
selves, A. well a. all such other persons
WAC may hereafter join or become associated
with them Or their successors, into a stock
corporation for the objects and purposes and
under the covenants, Stlpulatlons and agree
mentS following, t0-wt:
Article 1.-The name and title OF this cor
pordtIou shall! be NeSt,Ide transportation
Company, Inc, and under and by said name
unless sooner dissolved in accordance with
law and this charter, il shall exist and
continue. and shall have and ENJOY corporate
existence and succession Tor a period OF
ninety nine (99) years from and after the
date OF this act. 1t may have, hold. receive,
borrow. loan, exchange, acquire by grant
git purchase, devise bequest, SELL
ALLEVIATE, dispose OF, convey, lease, pledge
pawn, hypothcCate, cucumber or mortgage
property OF any kind whether real, personal
OF mixed corporal InCOrpO-eal, movable
| or immovlbe, all Subjec: 10 such limitations
as may be prescribed by Law. 1t may make,
issue and endorse bonds or notes and other
evidences Of debt. Il may accept mortgages,
pledges Or other forms of security for money
loaned or other debts. 1t may contract, sue
and he sued. plead or be impleaded by its
corporate name IN any court Of competent
jurisdiction. |. may make. adopt and use
a common seal and alter the at pleas
ure. /: may name. appoint and employ such
managers, directors, officers, agents and other
employees as its business and convenience
may require, and may fix their compensa-
ton. having due regard 10 the nature, char
make and establish bylaws, rules and reg
ulationS not inconsistent with this charter
or any existing law, fixing altering the
management of its property, the regulation
and government OF its affairs, and the man
ner ii the certihcation and registration OF
is stock. Ii may wind up and dissolve
itself, or be wound up and dissolved in the
manner prescribed by law. II may conduct
business in this State, or other States, the
Federal Districts, the Territories and pos
sessions OF the United States and any for
eign country. 1t may invest its Board of
Directors with all of its corporate powers
IN this charter. 1t generally shall possess
all the powers. rights privileges and immu-
mites which corporations and may here
after be authorized 10 possess under the
Constitution and laws OF this State. and par
ticulary under act No. POI of the Acts OF
the General Assembly OF the State OF Lou.
iSIana for the year 1914
Article 1.-THE domicle of this corpora
ton shall be in the Parish of Jefferson,
State OF Louisiana.
At rla he ,,I -
which this corporation is organized and the
nature OF the business to be carried on by
It are hereby declared to be:
To purchase. take in exchange or otherwise
acquire and hold ships, vessels, barges and
other water craft, or any shares or interest
in ships, vessels, barges or other water craft,
and to maintain, repair, improve, alter, sell,
exchange, or let out, to hire charter, or
otherwise deal with and dispose Of any ships,
vessels, bargeS, water craft, as aforesaid; 10
operate, either individually or in conjunc.
ton with other common carriers, either pri-
vately or as common carriers OF freight
passengers or both. ships, vessels, barges,
or other water craft, either owned, leased,
chartered, rented, held by this company;
to carry on all any OF the businesses OF
ship owners, ship brokers, managers Of ship
ping property, freight contractors, carriers
by land and sea, barge owners, lightermen,
forwarding agents, ice merchants, refriger-
atIng StOrekeepers, warehousemen, wharfng-
ers, and general traders. and TO that end to
Ouy, sell, lease, let, hire otherwise ac-
qure or dispose of real estate, TO borrow
money and to give therefor bonds. notes. or
other evidence of Indebtedness, either simple
or secured by mortgage on real estate or
other property owned by the corporations; and
generally TO do any and all things and to
carry on any and all business or businesses
which in the judgment of this corporation
may be useful, beneficial, necessary or COM
piimentary to the objects and purposes for
which this company is organized.
Article IV-The authorized capital stock
Of this corporation is hereby declared 10 be
the sum of twenty-five thousand dollars,
which capital stock may be increased in the
manner provided by law to the sum of one
hundred thousand dollars. The presently
authorized capital stock of this corporation
shall be represented by two hundred and
fifty (250) shares OF the par value of one
hundred dollars $4,000 each. The said
capital stock shall be paid for in cash or
on such terms the board OF directors may
determine, and at such times and in such
amounts and after such notices to the sub
scribers as may be fixed by the Board of
Directors; shall BE fully paid and non-asses-
sable when issued; shall be represented by
certificates and shall be personal property.
No transfer of capital stock shall be binding
upon this corporation unless made in accord
ance with its charter and bylaws and re-
corded in the books thereof
Article V.-The business Of this corpora
ton shall be managed and all the corpor-
ate powers thereof, except as restricted by
law, shall be vested in and exercised by
board OF four ~ directors, TO be elected