The herald., 1918-07-25
CHARTER OF
MUTUAL TRANSPORTATION COM
PANY INC


lana, Parish Of Orleans. City OF New
Orleans
BE it known, That on this Seventeenth day
Of the month OF July, in the year One Thou
sand Nine Hundred Eighteen.
Before ne, Charles RoSen. a Notary Pub
lie. duly commissioned and qualified. il
and for the above Parish therein residing
and in the presence Of the witnesses here
matter named and undersigned,
Personally came and appeared The sew
eral persons Of the full age Of majority,
whose names are hercuuto subscribed VIII,
declared that availing themselves OF The
laws OF this State IN such cases made ana
provided, they do hereby form themselves
their associates, successors and assigns into
Corporation under the following article,
and StipulatIous, which they hereby ADOPT
as their charter. % wit:
ARTICLE The name Of thi, Corpora.
tlon shall be Mutual Transportation Com
pany, Inc. Its period Of duration shall be
ninety-ninc wears from this date. Said
Corporation 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 powers
necessary II carry on said business. SAID
Corporation shall have full power to contract
sue and be sued in its corporate name: 10
make and Use corporate seal. and the
same 20 break or alter At pleasure; to hold.
receive, purchase, rent or otherwise acquire.
and TO convey, mortgage. hypOthecate. lease.
sell, pledge or otherwise dispose Of property
real personal and mixed; 20 issue bonds
notes or other obligations; TO have and en-
ploy such managers, directors. officers. agents
ana other employees as the interest and CON
venence OF the Corporation may require or
demand, to make and establish such by
laws, rules and regulations for the manage
ment and control Of the business and affairs
OF the Corporation as may be deemed neces-
Sary or expedient
ARTICLE 1.-THE domiciIe of the Cor.
Poraiion shall be in the City Of New Or
leans, State OF Louisiana; and all citation
and other legal process shall be served on
the President. and in his absence or dis
ability upon the Secretary treasure
ARTICLE III.-The objects and purposes
Tor which this corporation IS organized and
the nature Of the business 10 be carried on
by It are hereby declared 10 be:
To acquire and operate for hire a steam
boat between New Orleans and Baton Rouge,
Louisiana. Said corporation shall also have
the night to acquire and operate for hire
steamboats,, barges, steamships. and general
~ all kinds OF vessels and water craft; to
buy, sell, charter and generally deal in
steamboats,, steamships, barges, vessels and
an kinds OF water craft; 10 engage in in
land and ocean transportation and carriage,
ireight, passenger. mail, express or other
wise; and generally to do all things incl
dental to the foregoing purposes
ARTICLE IN.-The amount of the capital
stock OF this Corporation is hereby declared
to be Thirty Thousand (Sj0,OOOOOJ Dollars
consisting of three hundred 800 shares of
the par value of One Hundred CslOO Dollars
per share Twenty thousand Cs96OOOOM Dol
lars OF the capital stock shall be subscribe 4
before the filing of the articles OF incpr-
poration. and shall be paid in cash before
the Company commences business The bal
ance of the stock shall be paid at such
time IN accordance with law as the Board
OF Directors shall prescribe The amount
to which the capital stock may he increased
shall be One Hundred Thousand (slOOOOOOO
Dollars.
ARTICLE V-The business and affairs
Of this Corporation shall be managed by a
Board OF five directors, who shall be elected
annually at meeting OF the stockholders
heId on the lSt Monday Of July of each
year. The first annual meeting shall be
held on the LIST Monday Of July. 1919. until
which time the directors elected by the stock
holders upon organization shall act. or until
their successors are elected and qualified
The firse Board Of Directors shall be elect.
ed by the stockholders on July IS. 1918. at
J clock p n, at Room No. 2O+. Godchaux
bldg: New Orleans, La, after organization
OF this corporation. Immediately after each
Board Of Directors is elected or as soon as
practicable thereafter. said Board shall elect
from among their number a President and
a Secretary Treasurer. and may from time TO
time elect such other officers agents and
employees as they desire and may grant TO
each otflcer such powers as they deem
proper.
The stockholders or the Board of Directors
may elect such other officers as they desire
ana determine their duties. and may at any
time separate the office of Secretary from
that OF Treasurer, in which case the Score.
tary need not be member Of the Board
All vacancies in the Board from whatever
cause arising may be filled by the remaining
directors Any member of the Board may
appoint any other stakeholder his represen.
tative to act in his place and stead al auy
meeting of the Board.
The Board Of Directors may make, amend
and repeal all bylaws for the regulation of
the Company not inconsistent with and subj
Ject to such bylaws, rules and regulations as
may be made by the stockholders
All elections shall be by ballot at the office
OF the Company in accordance with such regu.
lation as the Board OF Directors NAV deter.
meetings OF the stockholders each registered
share OF stock at the date of such election or
meeting shall be entitled to one vote TO be
cast by the registered owner or his agent or
by written proxy.
The failure to elect directors at the annual
meeting shall not dissolve or affect the cor
poration or impair its management in any
respect, but the officers and directors in
cessors are elected and qualified. and the
election held as soon practicable there
after.
ARTICLE VI.-This act of Incorporation
may De modified, changed or altered, or said
corporation may be dissolved, with the as.
sent OF two-thirds OF the capital stock ont.
standing at meeting of the stockholders
convened Tor that purpose, and after fifteen
days written notice has been delivered in
person or given by letter mailed to the last
known address of each stakeholder. The said
notice may be waived by the unanimous con.
sent of all the stockholders.
In case OF the dissolution of the corpora
tion Its affairs shall be liqudated by one
or more llquidators elected by the stock.
holders with such powers, compensations and
duties as the stockholders shall determine
ARTICLE Nll.-No stakeholder shall ever
be held liable for the faults or contracts OF
this corporation in any further sum than the
unpaid balance due TO the corporaion ON
the shares subscribed by him; nor shall
any mere intormality have the effect of rem
dering the charter null. of exposing any
stakeholder to any liability bevond the IN.
paid balance due on his stock.
The subscribers hereto have respectively
written opposite their names the amount OF
stock subscribed by them in this corporation
so that this act of Incorporation NAV also
serve as the original subscription list of the
corporation; and they have stated their post
267 of 1914 "
Thus done and passed at my office in the
city OF New Orleans. State of Louisiana. ON
the day, month and year first hereinabove
written. IN the presence Of James NJ. Dillon
and George Arthur Seaver. competent wit
nesseS OF lawful age. residing in this city,
VINO hereunto sign their names with said
whole. Vi
Original Signed
- Jno. A Wogan, 2O4 Godchaux Bldg. New
Orleans, La, ; shares; c. J. blanchard.
= I9 81 Philip. New Orleans. La, 10 shares;
!: J. Blanchard, Trustee, 27Is St. PhiIin'
New Orleans. La, 2s4 shares: JuIes NJ W.
gan 4CS. Interstate Bank Bldg, New Orleans.
La. shares.