The herald., 1918-06-27
CHARTER OF
MELVILLE SHIP TRADING COMPANY.

tohfAN
: United States of America. State of Loui.
lana, Parish of Orleans
, lie 1t known, that on this Goth day ,
the month of May in the wear of our ior
one thousand nine hundred and eightce
{ IBIS. before me, Gustave A. Llambias.
Notary Public in and for the Parish G
Orleans, State of Louisiana duIv comn,is
stoned and qualified. and in the presenr
OF the witnesses hereinafter named an
undersigned, personally came and appear
ed the several persons whose names ar
hereunto subscribed, all of the age of ma
Jorlty, who declared that, availing them
selves of the provisions of the laws of tbi
state relative to the organization of cor
poratons, they hereby form themselve
INTO and constitute a corporation for III,
objects and purposes. and under the stip
ulationS hereinafter set forh
| Article 1.-The name of this corporation
snaI De Blenville Ship Trading Com
co article iI.ITse purposes for which thi,
| corporation Is formed are declared to be
10 buy sell, own, charter, lease, operate
enPIoy' manage. repair, equip and trade
III vessels OF all sorts; to act as shipping
agents, and ship brokers and freight brok-
ers; generally, to deal in all kinds of YES
sells and objects of navigation, either for
It's own account, or as brokers or agents
Tor others ito acquire. hold, cucumber, or
dispose of, stocks and bonds of other
companies; 10 exchange its entire caDital
stoek' or any part thereof, for property
exchange its entire assets and business.
or any part thereof, for property. stock.
DoDds or other obligations of other cor
poratlons to hold stock in other corpor-
dtiohs' ana TO transact all business prom
erly connected with, incidental or conve-
nlent TO any of the aforesaid obligations
and purposes
Article III.-The amount of capitaI stock
or this corporation shall ne the sum of
Ten thousand ($IO0 00.00) dollars divided
INTO ana represented by one (lJ0) shares
OF the par value of one hundred (SlOOOO)
dollars per share. sail stock TO be issued
by the Board of Directors for cash or
property, or for services rendered the cor
poratlon, at their appraised value, ms the
Eoard of Directors may determine and
direct. in accordance with law
Article IV.-The amount to which the
capital stock may be increased shall be
one hundred thousand $500 OO) dol
lars.
Article V.-The domicile of this corpor
alton shall he i'm the City of New Orleans.
State of Louisiana; and the duration of
tne corporation shall be for ninety-nine
,S99D years. Service of citations, or other
legal processes, shall be served upon the
PRESIDENT, or in his absence, upon the
Vice President ~"
Article V1.-All the corporate powers of
this corporation shall be vested in Board
of Directors to consist of three (3) direc-
tors to be elected annually at a stockbold-
ers meeting to be held the third Monday
In May of each year. The directors so
elected snail remain in office until their
successors are elected and qualified The
Board of Directors shall elect from their
number President, a Vice President n
secretary Treasurer. and such other Off |
.ers as they may think proper or conve |
nlent, and shall have power to unite two |
or more offices and to confer the same
lpOn one person. or to dispense with any |
Dnice in their discretion, and to fix the |
Salarles OF all officers, agents and en- |
Dloyees. The directors shall have power |
20 NIL all vacancies occurring on the
BOARD, even though no quorum remain at /
ne tlme such vacancies are to be filed |
ssued capital stock shall be present AT |
my meeting of the Board of Directors TO
'onstltute quorum. At any meeting of |
ne Board of Directors, any absent direc-
'ector, who may cast the vote of the alb
tent director according to the written in
either general or special of
aid absent director. The directors shall
mend all bylaws. rules and regulations,
mo TO borrow money, execute mortgages
nd issue notes and pledges, bonds, or
'ther obligations, as they think proper,
without reference to the stockholders; as
veil as to exercise all of the other pow
RS with which the corporation is vested
y law. Until the annual meeting in 1919,
ne board OF directors shall constitute the
GLOWING: w. Scott Bryan, post office
ddress, COS Whitney Bldg, N. o.; John
:. Couret, post office address, 213 n Pc
ers 81, n. o.; Louis g. Dessommes, 213
refers ST, n: o., with the said W.
,. Couret as Vice-President and Treasure
7, and the said Louis G. Dessommes as
ecretary.
Article VII.-The names and post office
ddresses of the subscribers of these ar
lcles Of incorporation, and a statement of
ne number of shares of stock in the cor
Grafton for which each has subscribed,
re SHOWN by the signatures Of the said
ubscribers hereto appended.
Article NlIl.-No stakeholder shall ever
e held liable or responsible for the con-
racts or faults of said corporation in any
lrther sum than the unpaid balance due
n the shares OF stock owned by him; nor
hall any mere informality in organization
ave the effect of rendering this charter
ull or OF exposing any stakeholder to {
ny liability beyond the amount due on |
Is stock.
Article IX.-This act of incorporation
Jay be amended, and its capital stock in I
-eased, or the corporation may be dis j
,lved; in the manner now provided by
ion, its affairs shall be liquidated by
Tree (3) commissioners to be appointed ]
a meeting Of stockholders convened for
le purpose of liquidation. to be elected
a vote of all the stockholders. Said
lu1dators shall remain In Office until the /;
fairs of said corporation shall have been 7
lily settled and liquidated, and they shall :
I'VE full power to transfer and give title !
~. INC PiopcIty anu assets OF the cor r
'ration, at public or private SALE and to
stribute the proceeds. In case Of DEATH
stability or resignation of one or more
the hquidators, the vacancy shall be
led by the survivor or survivors.
Thus done and passed at my office. in
e city OF New Orleans on the day,
onth and year first above written, in
e presence of Delvaille III. Theard and
liver c. Blanchard, competent witnesses, a
no have hereunto subscribed their names
gether with me, Notary and said an
arers, after due reading Of the whole.
Original signed).
w. s. Bryan, ]. p. Couret, L. q. Des- Fl
mines. O
anchard. 0
CTS TJANpTAc r.x Nh |