The herald., 1917-04-19
CHARTER

march Is p . april y y
ior yrw ORR F cHART IEI2p CHAMBER,
90. INC.
| State of Louisiana, Parish OF Orleans, City
q New Orleans.
! BE d; known. that On this the ninth day
| ~ the month OF March, in the year of gu
| Lord, nineteen hundred and seventeen, an,
! % the Independence OF the United States o
America, the one hundred and forty-fIrst
| before me. Edward Paul Foley, a notar,
public, duly comm, sioncd and qualified. il
| and tDr the parish ot Orleans. State Of Louis
lana, therein residing, and IN the presence o
| the Witnesses hereinafter named and under
signed
Personally came and appeared: the per
sons hereinafter subscribed, who declared
thar awaiting themselves OF the provisions
u the Jaws OF Louisiana, relative 10 tht
formation Of corporauonS, and particularly
,embly OF 1914, approved July 9TH, 1914, they
DO by these presents, Tor themselves. and To-
others, who may hereafter become associated
with them, form a body corporate and pol
iuc, under the following stIpulatonS and
Article 1.-The name of this corporation
shall be the New Orleans Ship Chandlery
Co, Inc and its period OF duration shall
be nincty-niue (99D years from and after this
date. and it shall have for the purposes OF
the business to be carried on by it, all the
powers conferred by law. upon corporations
and shall generally exercise all the powSrs
proper or necessary, for carrying out the
business Of said corporation.
Article 1.-THE damicile Of this corpora
ton shall be in the city Of New Orleans.
State of Louisiana. and all citations, or other
legal process shall be served on the presi-
dent, and in case Of his absence or inability
to act upon the vice-president or the secre-
tary-treasurer OF this corporation.
Article lll.-The objects and purposes for
which this corporation is organized, and the
nature Of the business to be carried on BY
it are hereby declared to be the following:
The supplying OF ships, steamboats,, and
all other vessels, with groceries, wine,
liquors. oils, rope, and etc, etc. in whole
sale or retail quantities., and generally TO
do and perform, any and all things, incl
dental to, or appertaning to the Ship Chand-
lery business.
Article Iv-The amount of the capital
10 be five thousand (s5OOOOO dollars. divided
into fifty 500 shares Of the par value of one
hundred $4,000 dollars per share, fifty
$500 per cent of the said capital stock
shall be subscribed and paid for before the
filing of these articles OF Incorporation.
The remainder Of the authorized capital
stock Of this corporation shall be paid for
IN accordance with the Act No 267 of the
General Assembly of 1914. All stock shall
be paid for in full, either in cash, labor done
for the benefit of this corporation, or property
actually brought into this corporation.
The amount to which the capital stock of
this corporation may be increased is fixed
at the sum OF twenty thousand (S20OOOOO
dollars.
No transfer of stock shall be binding upon
this corporation unless made upon the books
OF the corporation, and sale or other dis
poSal OF stock, in this corporation shall be
valid, unless first offered to the remaining
stockholders OF this corporation, for thirty
lNl days, at price not in excess of the
book value OF the said stock, on the date of
said offer, after which if said offer is not
accepted by any stakeholder of this corpora.
ton, the stock may be sold by the owner
thereof at will.
All stock acquired in this corporation shall
be subject to this provision of the charter
Article N.-All the powers Of this corpo-
ration shall be vested in and the business
and affairs of the said corporation shall be
managed by board of three 90 directors
who shall be elected annually at A meeting
Of the stockholders, called for that purpose.
to be held on the first Monday of March, of
each year, the first board of directors shall
serve for the. first. year, or until their sue
cessors are elected and qualified, and shall
consist of the following:
John ): Sareussen, New Orleans, La; John
Bonura, New Orleans, La, Finn Slchenstedt
New Orleans, La, and of the above named
Board OF Directors, John S. Sareussen shall
Finn Silchenstedt shall be secretary-treas-
urer.
All elections shall be by ballot, at the of
nee OF this corporation, in this city, under
Z
be appointed by the board of directors.
Notice of such annual elections shall be
gwen by the secretary-treasurer, in writing
delivered to each stakeholder, in person,
or led to his last known address, as
shown by the books of this corporation, at
least fifteen G5) days, prior to such cleo
tons.
At, all such elections. and at all meetings,
OF the stockholders of this corporation, each
stakeholder shall be entitled 70 one C) vote.
for each share OF stock, standing in his name
on the books Of this corporation, at the date
OF such election or meeting, said votes may
ne cast IN person or by written proxy, and
a majority of the votes thus cast shall elect
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in any way, the
directors then in office shall remain in Office
fed anu qNA'''
Each subsequent board shall elect as soon
as possible, from their number a president
vice -presldent and secretary treasurer, and
nay grant TO such officers such power as they
deem proper.
All vacancies on the boarI of directors
shall be filled by the remaining directors,
Any member OF the board of directors may
appoint any other directors, his proxy. 70
this board. u
All checks, promissory notes. or other obi
cations ;s s. OF this corporation; to be binding
president or in his absence or inability 70
serve, by the vice-president and the secre.
This corporation shall have the right 70
make and use corporate seal, and the same
70 after, change and break at its pleasure
10 hold, receive, purchase. hypothecate. con,
'ey' sell, lease, or pledge. real and personal
property, to issue negotiable notes. or otber
evidence OF Indebtedness, TO purchase anv
business or businesses within the object and
purposes OF this corporation, and 10 paw
therefor such price as the board of director,
nay determine.
The board of directors Of this corpora.;o,
nay adopt and amend all bylaws, rules and
equations, proper and necessary, for the
management of this corporation.
Article NI-This act of Incorporation NAV
)e modified, changed, altered or amended
" the said corporation may be dissolved
With the assent of two-thirds (2-0 Of the
,aptal stock, outstanding, at a meeting of
he stockholders. specially convened for that
purpose, after fifteen Q5) days notice has
'een delivered in person or sent by letter
o the last known address Of each stock
holder.
In case Of dissolution of this corporation.
IS affairs shall be liquidated by two (2)
selected from among the stock
folders at special meeting of the stock
folders, called after Fifteen Q5) days writ.
en- notice, delivered in person or sent by
etter 70 the last known address of each
tockholder.
Said commissioners to be chosen by al