The herald., 1918-06-20
CHARTERS.
CHARTER OF
,orrIUT & WILLIAMS SHIP

orleans. ~ =, this 25th day of
% il known AnriI in the year of our
AZ month VI tbonsand nine hundred ana
lord, one of the Independence OF tne
sghteeD. anu Tho one hundred and 1Orty-
,nlted Stasvra me. Arthur Is. Leopold,
scond, gpnbIic. duly commissioner a nn
SotafEo in and for the lily Sd u tberein re-
ans. Parish the presence of the wit
iding an anu and undersigned, personal
fsssve and appeareu' ,,,bosa names are
h came .,aral persons whose haIiTvn a.
The INSCRIBED and who seNerally ue
,.rsSapth that availing tnemSei in such cases
4 the eta' nroyided, they do, by these
rade anu IN themselves into a corpor-
resents, sar the following stpulatlohs;;
siop unoei The name of this corporation
Article the "Doullut 4 Wllllams SnIpo
az Company. Inc, p and anioS cor
"a eorp0n.ance and succession for
nfste eninety-nine (99) years, from anu
em o. date hereof, unless sooner us
Ser u aeecording to law; and lts domlciIe
eheo an the City of New Orleans,
bsll pc ~ mower 20 contract, sue ana De
AL have PtH and use a corporate seal,
rd, 70 III 70 break and alter at pleas
spd the saId receive, lease, purchase, sen
srs; 10 nO,0 as well as mortgage ana ny
90 cu under its corporate name, Plo
gnen 18th real and personal; 10 DorroM
pfJ Oo.Id lend money, to give ana re-
honey an anu therefor, to make and APP
relye secuh managers, directors ana onl-
psint SUI. VIZ interest and convenience or
es s,noratiOn may require 10 mhhe
90 e.ablish such bylaws, rules anu rvs
sna,e.s as may be necessary anu PIDpel'
psnohs' same TO alter and amend at pleas
w u-An citations and other legal
Article t III no served on the President
foceess corporatiOn, and in case OF ms
II thls nnnn the Vice-PreSident, or the
iesenss,v treasurer thereof. o,
Sr.cIe III.-The objects anu purposes
htsn this corporation is formed are
br wni1n 20 he. to build. make, operate,
tMisin Inv. sell, deal in ana with, own:
nsln'a niadge and otherwise dispose OF
~, Passels. and boats of every nature
MP'tind whatsoever, together Win an
90 Ii articles tools, machinery anu
BsisInos entering into or suitable ana
HphAn,ont for the construction or equip
nn'en1sn,aof and together with engines.
pelI machinery and appurtenances OF
ws sinas and tackle, apparel ana fnTnl-
". 81 all kinds, Including al otner
nr that NAV be incidental or neces-
az "a the primary purposes lor "hiCh
~. corporation is formed. - Ait.
NJ W. IV-The capital stock OF TINS
ha,,on Is fixed at one million dollars
Maoo0OOl which may be increased or
sxrssS as permitted by law; Ihat tne
ra en oonitaI stock is to be divided into
so sapPssnd 100000 shares of one hun
SoIsrs (s1OOO0) each, of which eight
lrusua S OOO) shares are to be pre-
w. stock, and two thousand tZ,OVO)
49, common stock, WHICH may De Is
- from time to time by the boaru o,
s.a..ars and as permitted by law, ana
h~ldsrs of said preferred stock shall
M..,isisd 10 receive from the surplus or
= nrofts of the corporation yearly
s,asnd Of ten per cent payaDle annual,
nefore any dividends shall be PAID
| y the common stock. SAID dlVldenus n al,
u cumulative. The balance of the net
IA. AZ the company declarable as dlvi-
sSs shall be distributed among the
s.Nsrs OF the common stock. the par
,sSs az the preferred stock, together with
sIunpaid dividends accrued thereon ShaI,
!. ,hs event of dissolution and division
= IA assets be paid in full before any
=, whatever shall be paid in liquidation
~T.crount of the common STOCK ana
5seafter, the common stock snail De en-
,sbd to the entire assets remaining. Inc
bder Of the preferred STOCK snali haIg
A. he entitled to notice of any meeting
Tsteckholders of the company. SAID
,,ssrred stock shall be subject to re-
s.uptien out Of net profits or earned sur
,hs al one hundred and five dollars
Hml Der snare, NhNN
Nv have accrued thereon at such time or
Hns and in such manner as the Board or
Nretors may determine.
ssbseriptions to said capital stock may
n psid Tor in cash or in property, and
sps5 will and as otherwise required by
Article y.-An the corporate powers OF
al corporation shall be vested in a board
idrectors, to be composed of five OF
IL common stockholders, who shall De
atted BY the common stockholders on
M hrst Monday of May of each year, be
dining on the first Monday OF May; isio;
M present board of directors shall hold
snee until the first Monday of May, 1919,
sM until their successors shall have been
Acted and qualified. The directors shall
At President, and a Vice-President
N q Secretary Treasurer. In case OF
u vacancy occurring on the board from
rzning members shall fill the vacancy
tntil the next election. Three members
the board of directors shall constitute
quorum.
he following named persons. to-wit
nlion p; Doullut, 400 Egania ST, New New
6bans La; w. Horace Williams, 33ls
Coliseum St., New Orleans, La; Paul
Dpullut 800 Egania St., New Orleans, La.
Anhur 7. Gomila. 2435 Fern St., New Or
ms, La; Louis ii. Guerin, Oaklawn
a. shall be and are hereby constituted
u me uTtL DOATu OI ulTtCtOISs WIN SoA.
Nion P. Doullut, as President, Paul
hullut vice-President, and W. Horace
Villains, Secretary Treasurer.
Article VII.-All meetings OF the STOCK
hlders shall be called after fifteen days
mvous notice in writing mailed to each
tskholder at his post office address.
Article vIII.-Whenever this corporation
dissolved, either by limitation or 9TH
ssise, its affairs shall be iquidated by
uN liquidators, to be selected by the
uekholders after meeting convened FOL
hlt purpose shall have been called.
Article IX.-This act of incorporation
be changed, altered or amended, OIL
~ corporation may he dissolved, or It's
aptal stock increased, as provided fol
\ the laws Of this state. after a genera
sefing Of the stockholders shall have
IN called. after fifteen days previous
VICE thereof given.
article X.-No stockholder shall evel
held liable or responsible for the con
men Of said corporation for any further
- than the unpaid balance due upon tn,
ies Of stock subscribed for, or owned
nm nor shall any informality in or
nauon have the effect of rendering
eharter null or of exposing a stock
scef to any liability beyond the amount
transcription to the stock.
me subscribers hereto have given Op
he their respective names. the amount
Sock In this corporation subscribed
each OF them, so that this Act o
Lvrporation may also serve as the orig
subscription list Of said corporation
nus done and passed, in the City o
orleans, on the day, month and yea
~, above written, in the presence o
-sm A. Movers and A. l.. Treadwell
peent witnesses, who hereunto sigl
Notary.
original signed):
r poullut, 1900 shares preferred
N, 7: Doullut, 167 shares common
- w. Horace Williams. 1900 share
Sss rred stock, W. Horace Williams, IS
- common stock: Paul DOullut. $50
res preferred stock, Paul Doullut, IS
~ common stock: Louis ii. Guerin
~ common stock, A. T. Gomila,
common stock.
- aesses: Vim. A. Movers, A. l.. Tread