The herald., 1918-06-13
CHARTER

companies. TO exchange It's entire tdPlldi
stock, or any part thereof, for property
which il is authorized to acquire. or TO
exchange its entire assets and Business,
or any part thereof, for property stock.
bonds or other obligations of other cor
porations to hoi1 stock in other cOrpOr-
atiOns; and to tran SaCt all business prop
erly connected vita. incidental or conye-
nient to any of the aforesaid obligations
and purposes.
Article III.-The amount of capital stock
of this corporation shall ne the sum of
ten thousand (SI0.OOO.JOj dollars. divided
into and represented 10y one tlJJD shares
of the par value Of one hundred tSioOwl
dollars per share. sail stock TO be issued
by the Board of Directors for cash or
property. or for services rendered the cor
poration, at their appraised value: rs the
Eoard of directors NAY determine and
direct. in accOriIn = with law.
Article Iv--The amount to which the
capital stock may he increased, shall he
one hundred thousand (Sln0,OOO.OO) dol
lars
Article V.-The domi,ile of this cOrpOr-
alton shall be- in the City of New Orleans.
State OF Louisiana; and the duration Of
the corporation shall be for ninety nine
900 years. Service of citations, or other
legal processes, shall be served upon the
President. or in his absence, upon the
Vice President
this corporation shall be vested in a Board
OF Directors to consist of three 90 direc-
tors to be elected annually at a >tOckhOld-
rrS' meeting to be held the third Monday
in May of each year. The directors so
elected shall remain in office until their
successors are elected and qualified. The
Board of Directors shall elect from their
number a President. Vice President. a
Secretary Treasurer. and such other offi
GERS as they may think proper or cOnve-
nient. and shall have power TO unite two
or more Offices and to confer the same
upon one person. or to dispense with any
Office in their discretion. and TO fix the
salaries of all officers, agents and en-
plOyceS. The directors shall have power
to nil all vacancies occurring on the
board even though no quorum remain At
the time such vacancies are to be nlled.
Directors representing a majority OF the
issued capital stock shall be present nj
any meeting of the Board of Directors to
constitute quorum. At any meeting of
the Board of Directors, any absent dircc-
tor may be represented by any other di-
rector. who may east the vote of the alb
sent director according to the written in
StructiOnS, either general or special. Of
said absent director. The directors shall
have power to make, establish, alter and
amend all bylaws. rules and regulations
and TO borrow money, execute mortgages
and issue notes and pledges, bonds, or
other obligations, as they think proper
without reference to the stockholders; as
well as to exercise all of the other pow
ers with which the corporation is vested
by law. Until the annual meeting in 1919
the Board of Directors shall constitute the
following zoo w Scott Bryan post office
Z. COuret, post office address 2l3 y. Pc
tiers St, " o.; Louis q. DeSsommes. 2l3
y. Peters St, y. o., with the said w.
7. Couret as Vice President and Treasur-
er, and the said Louis G. Dessommes as
Secretary.
Article yII.-The names and post office
addresses Of the subscribers of these ar
ticles of incorporation. and a statement of
he mn nhar NJ Sha NJ 81 N q
pOration for which each has subscribed
are shown by the signatures of the said
subscribers hereto appended.
Article NIII.-No stakeholder shall ever
be held liable or responsible for the con-
tracts or faults of said corporation in any
further sum than the unpaid balance due
on the shares of stock owned by him; nor
shall any mere informality in organization
have the effect of rendering this charter
null or of exposing any stakeholder to
any liability beyond the amount due on
his stock.
Article IX.-This act of Incorporation
may be amended, and its capital stock in
creased. or the corporation may be dis
solved. in the manner now provided by
law. Upon the dissolution of the corpor-
alton, its affairs shall be liquidated by
three (3) commissioners to be appointed
at a meeting Of stockholders convened for
the purpose of liquidation, to be elected
by a vote of all the stockholders. Said
liquidatOrs shall remain in office until the
fully settled and liquidated, and they shall
have full power to transfer and give title
to all the property and assets of the cor
poration, at public or private sale, and to
distribute the proceeds. In case of death,
disability or resignation Of one or more
of the liquidators. the vacancy shall be
filled by the survivor or survivors.
Thus done and passed at my office, in
the City of New Orleans on the day,
month and year first above written, in
the presence of Delvaille II. Theard and
Oliver c. Blanchard, competent witnesses,
who have hereunto subscribed their names
together with me, Notary, and said APP
pearers. after due reading of the whole.
Original signed).
W. s. Bryan, ]. p. Couret, L. q. Des-
sommeS.
Witnesses: Delvaille II. Theard, o. c.
Blanchard.
GUS. A. LLAMBIAS, Not. Pub.
/. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans.
State of Louisiana, do hereby certify that
the above and foregoing act of incorpora-
ton of the Bienville Ship Trading Cor
ice in book 1922. folio IS.
New Orleans. La. May 31st, 1918.
(Signed) EMILE j. LEONARD, by. r.
l, the undersigned. Notary Public in and
for the Parish of Orleans, State of Louis
lana, do hereby certify that the foregoing
Is true and correct copy of the original
act of incorporation of the Bienville Ship
Trading Corporation of New Orleans, La.
OF record in my notarial office.
New Orleans, May 31st. 1918.
GUS. A. LLAMBIAS, Not. Pub.
Jun 6-13-2O-27 JIy Ali