The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
AMENDED CHARTER OF
GULF COAST TRANSPORTATION COM
PANY

United States Of America. State OF Louis
lsra. Parish Of Orleans, Cry OF New
| Orleans.
Be i known. tina; on this 18th day Of III,
! month OF August IN the year Of our L0-C
| one thousand nine hundred and eighteen, and
| Il the Independence % the United State.
I America, the one hundred and forty-sec
Ond.
| Public, n and Tor the Parish Of Orleans
| State OF louisiana. aforesaid. duly commits
| stoned and qualified, and IN the presence OF
| The witnesses hereinafter named and under
| signed.
! Personally same and appeared: F W
| Salue- and !. A. Szlnen, who declared that
| = a general meeting OF the stockholders OF
| the Gull Coast Transportation Company, .
! corporation. organized BY al aet passed be
| fore the undersigned Notary Public OF the
| 18Th DAY Of August, 1918. which said meeting
was held al The office Of the Gulf Coas;
| Transportation after due notices they were
| elected respectively Chairman and Secretary
| 81 the said stockholders meeting, Will
| more fully appear by certified copy OF the
minutes Of said stockholders meeting, an
| nexed hereto. for greater reference.
And the said aPepaTers further declared
.ha. - Chairman and Secretary respectively
81 the said stockholders meeting. they were
| authorized and empowered 10 appear before
ne, Notary. ior the purpose Of amending
the said charter OF The Gulf Coast Trans
portatl0n Company.
And the said appezrers as Chairman and
Secretary OF the said stockholders meeting
and acting n said capacity and on behalf
u said corporation by virtue Of the authority
conferred upon them al the general meeting
u said stockholders. declared that the charter
Of the said Gulf Coast Transportation Com
pany passed before ne. the undersigned No
taTy, on August 9TH, 1918, has been changed
altered and amsnded 10 read in its entirety.
ARTICLE 1.-The name Of said corporation
shal he Guli Coast Transportation Company.
and under its seal said corporation shall
have the power and authority 10 have and
snJoy succession Tor the FILL term and
period Of ninety-nine years from and after
the date hereof. 10 contract and be sued: to
make and use corporate seal and the same
20 break and alter at pleasure; TO hold. re-
ceive. lease purchase and convey. as well
: mortgage and hypotheoate property. real
eTSonal and mixed: corporal and incor-
1oreal; - name and appoint such managers
agents. directors and officers as its business.
% make and establish as well as alter and
amend, from time 70 time. such bylaws
rules and regulations for the proper govern
nent Of the affairs OF said corporation as nav
oe necessary and proper
ARTICLE II-The domicile of said co-oo.
alton shall be in the city Of New Orleans
State OF Louisiana. and all citations OF
other legal process shall be served upon
ne President OF said corporation. or in the
went OF his absence upon a Vice Presiden,
thereof: and in the absence Of said Officers
upon the Secretary OF said corporation.
ARTICLE III The objects and purposes
Tor which this corporation is established and
the nature OF the business 70 be carried on
by II are hereby declared and specified 70
oe the transportation OF persons and prop-
eTty for hire; and TO that end. 10 own. char
ter or lease all boats propelled by sail or
sieam or other power; tugs, bsrges and yes
Sels OF whatever description; 70 construct.
own and operate railroads and appurtenances
hereto, docks, wharves warehouses, bzrges.
ships. boats and vessels OF all description
et5er ior rs own use OF for third persons:
and generally 10 hold and exercise all such
incidental powers and privileges as relate
10 the objects and privileges hereirabove
set forth All OF the above corporate func-
tons may be performed both in the State Of
LOUISIANA !11 S and IN any OF the other states Of
the Union. or elsewhere.
ARTICLE lN.-The capital stock Of this
corporation IS hereby fixed al the sun Of
One Hundred Thousand Dollars (SlOo.0QOOl
I. S, De divided into and represented by one
thousand shares OF stock OF the par value OF
one hundred dollars each. Said stock shall
De paid for in cash and al such time. in
such amounts. and after such notice 10 the
snn SS as may be fixed by the Board
OF Directors; or the same may be issued AZ
not less than par for labor done or money
or property actually received or purchased bv
said corporation. The capital stock nav be
increased from time 10 time 10 one million
dollars IN the manner provided bv Law.
ARTICLE N-All the corporate r,oue-s ~
said corporation shall be vested in and ex.
eroised by the Board Of Directors, 70 be
composed OF eight stockholders to be elected
annually on the second Monday Of October
IN each year, except the first Board OF Di.
rectors appointed in this charter, who shall
nolo their offices until the second Monday
IN October, 1914. All such elections shall
be by ballot and conducted at the Office Of
SAID corporation under the supervision OF
three commissioners 20 be appointed bv the
Board Of Directors. Notice Of such elec-
tons shall be gwen 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.
OF by written notice mailed 10 each stock.
holder by the Secretary. Every stockholder |
snail be entitled OF one vote for each share |
Of stock standing in MS name on the books |
Of the Company, 70 be cast in person OF By |
proxy, and majority of the votes cast shall |
eieG Any vacancy occurring among the |
directors BY death, resignation or otherwise |
shall be filled by election for the remainder |
o. the term OF the board by the remaining /
directors A failure 10 elect directors on |
the date above specified shall not dissolve
me corporation. but the directors then in /
'fiiee shall remain in office until their sue !