The herald., 1918-10-03
CHARTER OF T. SMITH q SON, INC.

United States of America. State of Louis
lana, Parish of Orleans. Be it known. that
on this 10Th day OF the month of September,
in the year of our Lord One Thousand Nine
Hundred and Eighteen OBS, and of the In
dependence OF the United States of America.
the One Hundred and Forty-Second, Q42nd)
before me, Watts X. Leverich, Notary Pub
lie, duly commissioned and qualified, in and
for the Parish of Orleans, therein residing.
and in the presence of the witnesses herein
after named and undersigned. personally
came aud appeared the several persons whose
names are hereunto subscribed, who declared
that, awaiting themselves of the laws of this
State relative to the organization of corDO-
rations, they have covenanted and agreed,
and do by these presents covenant, agree,
bind, form and constitute themselves, as well
as such persons as may hereafter JOIN or
become associated with them. into a. corpo-
ration and body polite in law, for the OBJ
jects and purposes and under the agreements
and stipuations following to-wit:
ARTICLE 1.-The name and title of this
corporation shall be: 7. Smith & Son, Inc,
and under its corporate name, il shall enjoy
succession for the full term and period of
ninety years from and after the date
hereof, and shall have power and authority
to contract, sue and be sued; to accept and
receive mortgages, pledges or other hypothe-
cations; to make and use a corporate seal
and the same to break and alter at pleasure
to purchase, receive, lease, hold, other
wise acquire and convey, as well as mortgage
and hypOthecate under its corporate name,
property both real and personal and mixed
to borrow money and make and issue bonds
and other evidences of debt. and to secure
the same by mortgage and otherwise; TO hold
stock in other corporations. to acquire, hold
and reissue shares of its capital stock; to
join or consolidate with and enter into
agreements and cooperative relations not in
contravention of law, with any person or
persons, firms, associations or corporations,
governmental, municipal or otherwise, in and
about the carrying on and accomplishment
of all or any of the purposes of the Com
pany, to carry out all of the objects and pur-
poses hereinafter set OUT to name and APP
point such managers and directors, officers
and agents, the interest and convenience
of said corporation may require; and to make
and establish. well as alter and amend
at pleasure, such bylaws, rules and regula-
tons for the management and regulation OF
| the affairs Of the corporation as may be
Necessary, =, proper or convenient; 49,.
poration shall be in the Parish of Orleans
| State of Louisiana, and all citations or other
| legal process shall be served upon any of the
officers of the corporation.
ARTICLE III.-The objects and purposes
| for which this corporation is established, and
| the nature of the business to be carried or
| by it, are hereby declared to be: to carry
on the business of stevedores; TO load, dis
charge and unload vessels of all sorts; tC
act as ship agents, lightermen, forwarding
4
generally to do all such acts and things as
may be necessary, proper or convenient fol
the accomplishment Of any of these objects
| and purposes.
ARTICLE IV.-The capital stock of thi.
corporation is hereby fixed at the sum Of
I--Dollars. divided into
shares of the par value of One Hundred
$4,000 Dollars per share. The amount Of
| the stock may be increased to One Hundred
| Thousand (SlOOOO0.00 ollars. The whole
| or any portion of said stock shall be paid
for in cash, or it may be issued and de
| livered to any person, firm or corporation fol-
the acquisition of the rights. privileges OF
firm or corporation, for the fair value Thereof
as appraised by the Board of Directors; and
| the Board Of Directors hereinafter created il
| specially authorized to issue and dispose o.
the stock at not less than the par value, fol
any and all purposes as in its judgment may
| seem fair and proper.
| ARTICLE V.-All Of the powers of thi
corporation shall be vested in and exercised
| by a Board of three 81 directors. SAT-
/ Board of Directors shall be elected annual!
| by ballot, at a stockholders meeting callet
| for that purpose on the second Monday II
| July of each year. (or the next legal day /
| that be a holiday after due notice given t
the stockholders by mail, at least fifteei
| days before the date of said meeting. Eacl
holder Of stock shall be entitled to one vot
| for each share of stock standing in HI
name on the books of the Company, SAT-
i vote to be cast in person or by proxy, an
/ the majority of the votes cast shall edeci
| The Board of Directors shall have the powe
to fill all vacancies which may occur or i
any manner arise or be created on the Board
even though quorum remain at the tim
| such vacancies are TO be filled Failure {
| elect directors on the day above specific
Il shall not dissolve the corporation, but tn