The herald., 1918-09-26
CHARTERS

at general meeting of the stockholders of
the Gulf Coast Transportation Company. a
| corporation, organized by an act passed be-
| fore the undersigned Notary Public on the
| 18th day OF August, 1913, which said meeting
was held at the office Of the Gulf Coast
| Transportation after due notices they were
| elected respectively Chairman and Secretary
| Of the said stockholders meeting, as will
| more fully appear by a certified copy OF the
minutes Of said stockholders meeting, an
| nexed hereto, for greater reference.
| And the said apeparers further declared
] that as Chairman and Secretary respectively
| Of the said stockholders meeting, they were
authorized and empowered to appear before
| me, Notary, for the purpose of amending
| the said charter Of the Gull Coast Trans
portation Company.
| And the said appearers Chairman and
| Secretary Of the said stockholders meeting
and acting in said capacity and on behalf
OF said corporation by virtue of the authority
conferred upon them at the general meeting
| of said stockholders, declared that the charter
OF the said Gulf Coast Transportation Com
pany passed before me, the undersigned No
tary, on August 10Th, 1913, has been changed,
| altered and amended TO read in its entirety.
as follows:
ARTICLE 1.-The name Of said corporation
shall be Gulf Coast Transportation Company,
and under Its seal said corporation shall
have the power and authority to have and
enjoy succession for the full term and
period Of ninety-nine years from and after
tLIC udbC SlCol. 10 contract ana De sued. TO
make and a corporate seal and the same
- break and alter at pleasure; to hold, re-
ccIve, lease, purchase and convey. as well
as mortgage and hypothecate property, real,
personal and mixed: corporeal and incor-
poreal; to name and appoint such managers
agents, directors and officers as its business
interests and conveniences may require; and
to make and establish we'll as alter and
amend, from time TO time, such bylaws.
rules and regulations for the proper govern
ment OF the affairs OF said corporation as may
be necessary and proper
ARTICLE 1.-THE domicile of said corpo
ration shall! be in the city Of New Orleans,
State OF Louisiana, and all citations or
other legal process shall be served upon
the President of said corporation, or in the
event OF his absence upon a Vice President
thereof, and in the absence of said officers
upon the Secretary of said corporation.
ARTICLE Ill The objects and purposes
for which this corporation is established and
the nature of the business to be carried on
by it are hereby declared and specified to
be the transportation of persons and prop
erty tor hire; and to that end. to own, char
ter or lease all boats propelled by sail or
steam other power; tugs barges and YES.
sells of whatever description; to construct.
own and operate railroads and appurtenances
thereto, docks, wharves, warehouses, barges
ships, boats and vessels of all description,
either for its own or for third persons;
and generally TO hold and exercise all such
Incidental powers and privileges as relate
TO the objects and privileges hereinabove
set forth All Of the above corporate func-
tions may be performed both in the State OF
Louisiana and in any of the other states of
the Union, elsewhere.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
to be divided into and represented by one
thousand shares of stock of the par value Of
one hundred dollars each. Said stock shall
De PAID TOR in cash. and at such time, in |
such amounts, and after such notice TO the |
subscribers as may be fixed by the Board |
OF Directors; or the same may be issued AT |
not less than par for labor done or money
or property actually received or purchased by |
said corporation. The capital stock NAV he |
increased from time to time to one million |
dollars in the manner provided by law.
ARTICLE Vail the corporate powers Of |
SAID corporation shall be vested in and ex.
ercised by the Board of Directors, to be
composed of eight stockholders to be elected
annually on the second Monday of October
IN each year, except the first Board of Di-
ieGt9rs appointed IN this charter, who shall
hold their offices until the second Monday
IN October 1914. All such elections shall
De by ballot and conducted at the office OF
said corporation under the supervision OF
I,lIee comm n ssioners to be appointed by the
Board OF Directors. Notice of such cleo
tons shall be given by publications not
more than fourteen nor less than fifteen
days PRIOR to such election in one news |
paper published IN the city of New Orleans;
or oy written notice, mailed to each stock. |
holder by the Secretary. Every stockhoider
shall be entitled OF one vote for each share
81 stock standing in his name on the books
:. inc company. to be cast in person of by
proxy, and majority of the votes cast shall
siect, Any vacancy occurring among the
directors by death, resignation or otherw;se
snail be filled by election for the remainder
!; .ne term OF the board by the remaining
directors A failure to elect directors on
me date above specified shall not dissolve
ne corporation, but the directors then in
.a.iee snail remain in office until their sue
$50 are elected and qualified and shall
,ause another election to be held as soon az
possible thereafter, after notice thereof shall
lave been given in one newspaper published
Y the city of New Orleans as above pro- !
FIVE Go directors shall constitute a ouo.
UNI Tor the transaction of any business
me Board of Directors hereafter elected !
MAJ, seieSt from their own number a Presi | {
~ d tice-fresident, and as many other
'lce-fresidents, as it may conclude 70 elect. | $
Secretary, an Assistant Secretary and , :
reasurer, and the said board shall have the
IT. ~ either to combine or separate The I
,iIlees OF Secretary and Treasurer. 1t NAV :
Ppoint from time to time such Other off; | I
ers, clerks, agents or other EMPLOYEES as !,
iay ueem necessary for the purposes and
usiness OF the said corporation, who shall a
, Diu 9Illee at the pleasure of the Board The t
any =, -, or acting President of the Com .
,sny, snaiI subject to the control of the L
'oaIu OF directors of the Company have a
~ 70 institute and defend all suits in +
Sh me corporation is interested. and Ia a
ros.c,,t; oonus necessary and proper in the a
.2 % or defense of such litigation. The
aid Board of Directors may make and ess r
!, ,pIsn' as well as alter and amend. anv and s
:, Dy.Iaws' rules and regulations NECESSARY c
io proper Tor the support and management a
: the business and affairs of the Corporation. r
ne SAID board shall have full power and h
Itnofiy TO borrow money, issue notes or S
, Inc; aohgat,ons in the ordinary course of
nnor.s, ana 70 secure the same by pledge Il
mortgage, and generally to do ali things a
,asonaole or necessary for the proper carry. p
y on OF the business of the corporation. S
"a also 70 issue and deliver full paid shares s.
STOCK tor cash, or in payment OF labor m
'ne OF property actually received or pur.
iaseu 1y me SAID corporation. Each direc- S
= snail have authority to appoint in writ
9 "a proxy to represent him at all meetings
ARTICLE VI.-Whenever this corporation
ay be dissolved either by Limitation or In
IN any other cause, its affairs shall be IL L
i ;o oy three commissioners to be ap- &c
lnted from amongst the stockholders at Be
neral meeting OF stockholders convened for d,