The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-29
CHARTER OF
MUTUAL TRANSPORTATION COM
PANY INC


United States of America. State Of Louis
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 me, Charles RoSen, a Notary Pub
lie. duly commi ssioned and qualified, in
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 hereunto subscribed, who
declared that avaihng themselves Of the
laws OF this State in suci. cases made and
provided, they do hereby form themselves,
their associates, successors and assigns into
Corporation under the following articles
and stpulatIons, which they hereby adopt
their charter. to-rit:
ARTICLE THE name Of this Corpora.
ton shall be Mutual Transportation Com
pany, Inc. Its period of duration shall he
ninety-nlne years 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 10 carry on said business. Said
Corporation shall have full power to contract.
sue and be sued in its corporate name; to
make and use corporate seal, and the
same 10 break or alter at pleasure; to hold.
receive, purchase, rent or otherwise acquire
and to convey, mortgage, hypothecate lease.
sell, pledge otherwise dispose of property
real personal and mixed; to issue bonds
notes or other obligations; to have and en-
p!oy such managers. directors, officers, agents
and other employees as the interest and con
venience of the Corporation may require OF
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-
ARTICLE 1.-THE domiciIe of the Cor.
poration shall be in the City of New Or
leans, State Of Louisiana; and all citation
the President, and in his absence or dis
ability upon the Secretary Treasurer
ARTICLE llI.-The objects and purposes
for which this corporation is organized, and
the nature of the business to be carried on
by it hereby declared to be:
To acquire and operate for hire a steam
boat between New Orleans and Baton Rouge
Louisiana. Said corporation shall also have
the right to acquire and operate for hire
steamboats,. barges, steamships and general
ly all kinds OF vessels and water craft; to
buy, sell, charter and generally deal in
steamboats,, steamships, barges, vessels and
all kinds of water craft; to engage in in
land and ocean transportation and carriage,
freight, passenger mail, express or other
wise; and generally to do all things incl
dental to the foregoing purposes
ARTICLE lV.-The amount of the capital
stock Of this Corporation is hereby declared
10 ne lnlrty thousand (ND,ODDUO) Dollars,
consisting of three hundred 900 shares OF
the par value of One Hundred CSl00) Dollars
per share. Twenty thousand (S2O,OO00O) Dol
lars of the capital stock shall be subscribed
before the filing Of the articles of incor-
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 be increased
81, oil h. fOO M NJ
Dollars
ARTICLE V-The business and affair.
Of this Corporation shall be managed by Z
Board of five directors, who shall be elected
annually at a meeting. of the stockholder;
held on the lst Monday of July of each
year. The first annual meeting shall b,
held on the LIST Monday of July, 1919 unit
which time the directors elected by the stock
holders upon organization shall act, or unit
their successors are elected and qualified
The firse Board of Directors shall be elect
ed by the stockholders on July IS. 1913. a
O'Clock p. ~. al Room No 204. Godchaus
Bldg. New Orleans, La, after organization
OF this corporation. Immediately after eaci
practicable thereafter. said Board shall elec
from among their number a President anC
Secretary Treasurer, and may from time Il
time elect such other officers. agents anC
employees as they desire and may grant t,
each officer such powers as they deem
proper.
The stockholders or the Board Of Director
may elect such other officers as they desir,
and determine their duties. and may at AM
time separate the office Of Secretary from
that OF Treasurer, in which case the Score
tary need not be a 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 ma,
appoint any other stakeholder his represen
tative to act in his place and stead at an,
meeting of the Board.
The Board OF Directors may make. amend
and repeal all bylaws for the regulation o
the Company not inconsistent with and sub
ject 20 such bylaws, rules and regulations a
NAV be made by the stockholders.
All elections shall be by ballot at the offic
Of the Company in accordance with such regu
| lation as the Board Of Directors may deter
mine. and at every such election and at al
meetings Of the stockholders each registere
share of stock at the date Of such election 0
meeting shall be entitled 10 one vote. 10 b
cast by the registered owner or his agent o
representative by written proxy.
| The failure to elect directors. at the annua
meeting shall not dissolve or affect the cor
poration or impair its management in an
respect, but the officers and directors i
office shall remain in office until their sue
cessors are elected and qualified. and III
election held as soon as practicable there
| after
| ARTICLE NI.-Tilis act Of incorporate
may be modified. changed or altered, or sal
corporation may be dissolved. with the a: