The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTER OF
BIENyILLE SHIP TRADING COMPANY
United States of America. State of Louis
lana, Parish of Orleans.

|
| United States of America. State of Louis
lana, Parish of Orleans.
! BE it known. that on this Doth day OF
the month of May, in the year of our Lord
one thousand nine hundred and eighteen
| Obs, before me, Gustave \. Llambias, q
| Notary Public in and for the Parish of
! Orleans, State of Louisiana duly commits
stoned and qualified, and in the presence
| of the witnesses hereinafter named and
undersigned, personally came and appear
ed the several persons whose names are
hereuntO subscribed, all of the age of ma
jOrity, who declared that, availing them
selves of the provisions of the laws of this
State relative to the organization of cor
pOratiOnS, they hereby form themselves
objects and purposes, and under the stip-
ulatiOns hereinafter set fOrh.
Article 1.-The name of this corporation
shall be "Bienville Ship Trading Com
pany, Inc.'
Article 1.-THE purposes for which this
corporation is formed are declared to be ::
TO buy, sell, own, charter, lease, operate,
employ, manage, repair, equip and trade
in 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
its own account, or as brokers or agents
for others ito acquire, hold, cucumber, or
dispose of, stocks and bonds of other
companies to exchange its entire capital
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 hol1 stock in other cOrpor-
atiOns; and to transact all business prop
erly connected with, incidental or conve-
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 (Si0000o0) dollars divided
| into and represented by one 900 shares
| of the par value of one hundred (Sl0O.OO)
! dollars per share, said stock TO be issued
| by the Board of Directors for cash or
property, or for services rendered the cor
pOratiOn, at their appraised value. as the
EOard of Directors may determine and
direct. in accordance with law.
| Article IV.-rhe amount to which the
capital stock may he increased, shall be
one hundred thousand (S1O0OO0.0O) dol
| lars.
Article V.-The domiCile 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
! C99) years. Service of citations, or other
| legal processes. shall be served upon the
President. or in his absence, upon the
Vice President.
Article NI.-All the corporate powers of
! this corporation shall be vested in a Board
| of Directors TO consist of three (3) direc-
TORS 10 bt elected annually At q StOfknOlu-
ers' 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 President, a Vice President n
Secretary Treasurer. and such other Off
GERS rs 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-
| ployees. The directors shall have power
| to fill all vacancies occurring on the
board. even though no quorum remain ut
| the time such vacancies are to be filled.
| Directors representing a majority of the
| issued capital stock shall be present at
| any meeting of the Board of Directors 10
constitute n quorum. At any meeting of
| the Board of Directors. any absent direc-
| tor may be represented by any other di-
| rector, who may cast 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
| W. Scout post Office
address. COS Whitney Bldg, n. o.; John
p. Couret, post office address, 213 n. Pc
| tiers ST., n. o.; Louis G. DessOmmes, 213
y. Peters St., n. o.. with the said W
Scott Bryan as President. the said John
p. Couret as Vice President and Treasur-
er, and the said Louis G. DessOmmes as
Secretary.
Article vII.-The names and post office
addresses of the subscribers of these ar
| ticles of incorporation, and a statement OF
/ m har ~
poration for which each has subscribed
are shown by the signatures Of the said
subscribers hereto appended.
| Article VIII.-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 MOI
| shall any mere informally in organization
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 90 commissioners to be appointed
at a meeting of stockholders convened fol
the purpose of liquidation, to be elected
by a vote of all the stockholders. Said
| liquidators shall remain in office until the
| afa1rs or said corporation shall have Deer
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 t.
| distribute the proceeds. In case of death
disability or resignation of one or more
of the Hquidators, the vacancy shall b'
| filled by the survivor or survivors.
Thus done and passed at my Office, Ii
| the City of New Orleans on the day
month and year first above written, il
the presence of Delvaille II. Theard anC
Oliver c. Blanchard, competent witnesses
who have hereunto subscribed their names
together with me, Notary, and said ap