The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-27
CHARTER OF THE
McWILLIAMS SOUTHERN DREDGING
COMPANY, INC.
United States of America, State of Louis
nnri.h of Orleans.

BE IL known, that on this sixteenth day
, of May, in the year one thousand nine
hundred and eighteen, before me, Henry
George Mccall, a Notary Public in ana for
the Parish of Orleans and City of New
Orleans State of Louisiana, therein re-
siding, and in the presence of the Wit
ncsScs hereinafter named and underslSh-
ed, personally came and appeared:
The several persons whose names are
hereuntO subscribed, all of the fuH age
of majority, who severally declared that,
availing themselves of the provisions OF
the laws of this State relative to the or
ganiZatiOn of corporations and more par
ticularly Act 267 of the General Assembly
of this State, approved July y; l9lt, Ihe!
have contracted, cOvenated ana agreed 10
bind, form and constitute themselves, as
well as all such other persons as may
hereafter Join or become associated with
them, into corporation and body pontlc
in law, for the objects and purposes ana
under the articles, agreements and stipu-
latiOns following, to-wlt:
Article 1.-The name and style of this
corporation shall be- the McNllllams
Southern Dredging Company, Inc; ana,
under that name, it shall have and ENJOY
all the rights, advantages and privileges
granted by law to corporations. IL snail
exist for the period of ninety-nine (99)
years from this date; ana shall nave pow.
| er and authority to contract, sue and be
sued in its corporate name; TO make ana
| use a corporate seal, and the same TO
break or alter at pleasure; to hold, pur-
|
| or pledge property, real, personal or mix
ed. necessary, incidental or proper for the
! carrying on of its business; and TO that
i end to issue bonds, notes, mortgages, ne
| gotiable instruments and other Obliga-
| tons; to buy and hold stock in any oth-
| er company or companies that may assist
| this company in its objects and purposes;
| to make and issue notes and Certlncates
| of indebtedness; to name and appoint
managers, directors, clerks, agents and
other employees to properly conduct its
corporate business as the interest ana
convenience of said corporation may require
| or demand; to make and establish such
bylaws, rules and regulations as may be
found necessary or desirable for the man
agement of the business of the corpora
ton, and generally, to do all and every
act, matter or thing necessary and eXpe-
dent for the complete and proper carry
ing out of the objects and purposes OF
said corporation.
Article 1.-THE domicile of this cOrpOr-
alton shall be in the City of New Orleans,
State of Louisiana, where all citations or
other legal process may be served on any
, | of the officers of this corporation, and, in
their absence, upon the legally authorized
agent of the corporation.
, Article III-The objects and purposes
: for which this corporation is organized
! and the nature of the business to be car
ried on by it are hereby declared to be:
/. To carry on and conduct general
, engineering and contracting business, In
Guiding designing, constructing, engineer
ing repairing, removing or otherwise en-
gaging in any work upon buildings roads
highways, tramways, ferries, water courses
bridges, piers, docks, wharyes, mines
shafts, entertainments, hydraulic works
water works, railroads, railways, railway
structures, manufacturing plants, sewers
Z canals, levees and public and private work
of all kinds.
. To construct, own, lease and operate
4 dredges and other machinery necessary to
! drain and reclaim lands, construct, deepen
and improve channels, canals and bitches
nd "a :
pertaining to such drainage and reclama-
ton.
3. To create and establish drainage dis
tricts and drainage systems on the lands
4 which it shall acquire; drain such dis
I tricts and fix a land charge or tax on
such lands of such districts for maintain
, ing such drainage systems.
| 4. To mine, transport and sell coal and
the by-products thereof.
Il ). To manufacture and furnish mater
ials and supplies necessary for use In
connection with the purposes hereinbefort
set forth.
, 8. To buy, own, reclaim, cultivate, de.
velop, improve, build upon, lease and sell
lands and real estate. To construct, OWL
= and operate boats for transportation, pro
PEELED by sail, steam, gasoline, electricity
\ or other power; to construct, own and op'
: crate telegraph and telephone lines; tS
g construct, own and operate saw mills.
Z. To purchase, hold, sell, assign, trans
e fer, mortgage pledge or otherwise dispose
e of shares of the capital stock of any othel
o associations of the State of Louisiana, oil
!, any other state, district, territory or cOun
II try, and while owner of such stock to ex
r ercise all the rights, powers and privileges
II of ownership including the right to yot'
II thereon, to the extent permitted by law.
V 8. To acquire and hold shares, stocks
l. debentures, debenture stocks, bonds, obi
e cations and securities issued or granted
;. by any company, constituted in or car
rying on its business in the United States
l., or in any colony or dependency or pos
!. session thereof, or in any foreign country
and acquire, hold, sell, transfer, mort
:, gage, pledge or otherwise dispose of de
!, bentures, debenture stocks, bonds, obliga
. tons and securities issued or granted b,
: any government, municipality, district o.
other public body.
J, o. To enter into, extend and receiy
q any contract or assignment of contract
for or in connection with any of the abov
T, purposes; and, in matters wherein thi
e corporation shall be interested or con
cerned, to guarantee full performance o
6 contracts and sub-contracts made by othe
e parties, and to advance money to sucl
l. parties and to endorse and guarantee pay
ment of promissory notes and other OBJ
'e legations made or executed by them.
10. To buy, sell. lease, reclaim, cult
?. vate, develop and improve lands and rea
estate, buildings, improvements and ma
W chinery necessary or convenient in connec
ton with the business of this corporation
,e Article 1V.-The capital stock of thi
corporation is hereby fixed at the sum o
one hundred and fifty thousand $3.50, 900.
O0) dollars, divided into and representa-
i, by fifteen hundred Q500) shares of tn
- par value of one hundred ($100.00) dollar
a each, of which shares two have been sub
Il scribed for and paid for in cash, and four
= teen hundred and ninety eight have bee
subscribed for and paid for in the equiva
lent Of cash in property and contracts
x as shown by the detailed statement mark
4 ed Schedule a." attached hereto as par
N of these Articles of Incorporation, tn
y property and contracts set forth therei
being valued and appraised by the Boar
y Of Directors as being worth in excess o
'e one hundred and forty-nine thousand
e eight hundred ($149 S00.00) dollars.
al All shares of stock shall be fully PAL
at and worcestershire. No transfer of stoc
in shall be binding upon the corporation un
&C less made upon its books. All certificate
II of stock shall be signed by the Presiden
Of or First ce-President and the Secretar
re and sealed with the corporate seal.
r All transfers must be made upon tn
o. books of the corporation by surrender o
rs the original certificate properly endorse
for cancellation by the stakeholder i
is whose favor the said stock is issued, o
e. by his or her duly authorized agent an
is upon receipt of said certificate, the Sec
n rotary shall be authorized to cancel tn
X same ana issue new certificate in lie
y thereof.
This corporation shall have the right I
= increase its capital stock from time (
,, time, the limit of such increase to be tn
~ sum Of six hundred thousand 5000 900 90
Dr dollars, to be also divided into shares 9
le the par value of one hundred (S1OOOO) do
ig lars each; and provided said increase 1
the capital stock or any part thereof sha
IN In each case have been authorized by til