The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTERS

/
| To buy. lease or otherwise acquire Tea'
| estate necessary for docks and docA L-0';.
| ties and to furnish material necessary a.
| the furtherance Of the purposes OF me COM
! many: 70 acquire rights OF way, Tor the CON
| struction of a line OF railway 10 survey
! construct, build, erect, own, lease, mortgage
! operate and maintain, sell or o'hei VI
! nose OF a line Of railway tor the purpose
Of carrying into effect the above names o.
| Jects and purposes.
! r, own. manage and operate stores in a'd
Of the objects and purposes above named;
! To subscribe TO any aNsoclauGh ISL II
ti1u. or company calculated TO beneiit the
/ Ccmnary. or persons employed by the Com
pany, or persons having dealings win the
Company.
And generally to do and perform anything
or act necessary, convenient or proper ioi
the carrying into effect Of the dov'e "''''Nu
ARTICLE IV.-The capital stock OF this
corporation is fixed at the sum OF Two Li So,
dred and Fifty Thousand Dollars NS-2o'o'y,loo,
divided into Twenty Five Hundred Shares
$500. Of the par value OF one Hui. sl, ~
iSInO nM Dollars each. All shares OF STOCK
shall be full paid and worcestershire.
said stock shall be paid for IN cdSh' Oh
the same NAV be issued, at not less thai,
par, for labor done or for services rendered 81.
"a the said corporation, or tor property. OF
rights actually received by said corporation
This corporation shall have the righL 70
sum OF Fifteen Million Dollars. SiS"v'.
l0mOO or anv part thereof, 10 be divided INTO
shares of One Hundred Dollars lSlUon,
each, provided said increase IN me capita IA
stock shall have been authorized by inc
, stockholders at meeting held pursuant 10
the provisions OF the law $500, -;,,. -.
This corporation shall have and ENJOY the
rights to purchase shares Of stock IN olAeI
CORPORATIONS, partnerships or other INTERESTS
as NAV be found necessary, eHpedleht OF
a@ TINS eorporaion shall be and become
going concern when fifty, 80 percent u '''
, st,rk shall have been subscribed
hPTTCIF V-Al the corporate powers OF
,b;s rornoration shall be vested IN, and ex,
ercised by a Board OF Directors composed OF
: not less than five and not more man hlne
? stockholders, majority Oh N -on ~ ali
? sti,u;e a quorum for the transaction Oh d.
? T5c BOARD of Directors herein named shal.
have the power and authority 10 ausll, enc
! il, rumber by any addition up 10 TIC "aN'
,num number Of nine members.
: TIVE Directors shall be elected annually
: by ballot. by the stockholders, on the sec
ond Monday Of June in each year me bsi,
, election under this Charter shall be he!'
! on the Second Monday in June, 1920.
Each stakeholder shall be entitled IN per
son or by proxy, to one vote LOT EYER fd!
share Of stock owned by MN, anu az 90,
= regulations as may be specified by TIT
: Board of Directors after fifteen (lo) day
q | notice Of such election shall have been sen
: to each stakeholder at his last known al
; dress. ~ -
r No failure to elect Directors shall be re
4 garded as forfeiture Of this charter
Any vacancy occurring on such Board 0
r Directors shall be hlled Gy Inc. me feinH'"'"
l. Said Board Of Directors, shall, at ITS hrs
: meeting after its election, nominate OUT
z its own number, President. a Nice-fresi
: dent, a Secretary and Treasurer. Inc OF
a, and Treasurer NAV be CON
y bined and held by one person. The Seere
tary need not be stockho!der;
e Said Board of Directors shall have II
: riyh. 10 appoint and dismiss such clerks
II managers and other employees OF the COT
IS poraticn as, in its judgment, may be deem
:, The tenure of office of all the employee
!: of the corporation shall be during the pleas
/ Any Director shall have the right to al
q point, in writing, any other Director,
! act as his proxy and in his stead at an
l. ARTICLE VI-Richard B: StanfoT'
= whose post-office address is No. 1924 n;
n poleon Avenue, New Orleans. Louisiana;
il W. Stromberg,. whose post-offiee, address =,
+ nois; Allison L. Tull, whose post-office az
dress is 7428 Euclid Avenue, Chicago, Ill
5, nois; Charles A. Koch, whose pos
II office address is No. $50 South Geno
" Street, New Orleans, Louisiana; and Henr
Of s Renshaw, whose post-office address is Ba
Of ST. Louis. Mississippi. shall constitute ii
n. first Board of Directors OF this corporation
r Richard B. Stanford. as President:
j. w. Stromberg, as Vice-Presdent;,
IN Allison L. Tull. as Treasurer, and
IN Henry s. Renshaw, as Secretary,
y, n to serve until the Second Monday in Jun
I 1920, or until their successors shall hay
y, been duly elected and qualified.
~ ARTICLE Widths act OF incorporate
a. a. may be changed, modified or altered, or til
ir corporation may be dissolved, with the
a. all the stock of the corporation, at a gener
II meeting convened for that purpose, and aft
" at least fifteen days written notice of tn
r. through the mail addressed to each stoc
r. holder at his last recorded address.
r. case of dissolution, by the expiration
this Charter, or otherwise, after complain
F. with law, the stockholders shall elect ~
lqudators from among their number to
b. quidate and settle the business and affai
t. of the corporation. The said liquidato
Is. shall have full power TO settle the corpor
at toms debts, and divide the remainisg mont
a and property among the stockholders.
c., the event of the death or disability OF al
in one of said liquidators, the remaining liqr
dator shall fulfill all the duties of liqr
:, dator. Said liquidators shall have the pow
H. to fix the price and prescribe the teri
of sale of said property and the mann
in which the sale shall be made Tn,
D. shall be vested with full, final and compile
- expedient to do and perform any and eve
act and thing to wind up and liquidate I
business and affairs of the corporation.
ARTICLE VIII.-No stakeholder sh;
"A ever be liable or responsible for the co
tracts. faults debts of said corporato
nor shall any mere informality in its
ganization have the effect of rendering II
ID charter null of exposing a stakeholder
-. any liability beyond the unpaid balance d
ay on the shares of stock subscribed for
ur owned by him.
IN, ARTICLE IX-The subscribers hereun
co have respectively written opposite the
~ names, the amount OF stock in this corpor
tion subscribed for ~ each of them so III
ic, this act of Incorporation may also serve
for the original subscription list of the corpor
ton
ms Thus Done and Passed, in my office
no the City of New Orleans, on the day, mon
ro- and year herein first above written, in {
We presence of Messieurs Charles Leblanc a
nd Frank I. Doyle, competent witnesses, /
raj siding in this Parish. who have signed the
tn. presents, together with said appearers a
nd me Notary, after reading of the whole
ee, Original Signed
as Witnesses: Charles Leblanc F. T. boy
in, JOSEPH SINAI.
or Notary Public
he l. the undersigned Recorder of Mortgag
ee- in and for the Parish of Orleans, State
Louisiana, do hereby certify that the abo
ME and foregoing Act of Incorporation Of t
no Delta Shipbuilding Corporation, Incorporate
,at was this day duly recorded in my offit
% in Book -, Folio -