The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-11
CHARTER
BIENyILLE SHIP TRADING COMPANY.

TT, -TTW
the month of May, in the year of our Lord
one thousand nine hundred and eighteen
ibis, before mo, GuStave \. Llambias, a
I Notary Public in and for the Parish of
Orleans, State of Louisiana, duly commits
stoned and qualified. and in the presence
| of the witnesses hereinafter named and
undersigned, personally came and appear
ed the several persons whose names are
hereunto subscribed, all of the age of ma
jOrity, who declared that, availing them
selves of the provisions of the laws of this
state relative to the organization of cor
pOratiOnS, they hereby form themselves
into and constitute corporation for the
objects and purposes, and under the Stip-
ulatiOns hereinafter set fOrh.
Article 1.-The name of this corporation
! snail be "Bienville Ship Trading Com
pany, Inc"
Article 1.-THE purposes for which this
corporation is formed are declared to be
to buy, sell, own, charter, lease, operate,
| employ, manage, repair, equip and trade
in vessels of all sorts: to act as shipping
agents, and ship brokers and freight brOk-
| erS; generally, TO deal in all kinds of yes
sells and objects of navigation. either for
| Its own account, or as brokers or agents
| for others to acquire, hold, cucumber. or
| dispose of, stocks and bonds of other
! companies; to>eXchange its entire capital
| stock, or any part thereof, for property
which il is authorized to acquire, or TO
| exchange its entire assets and business.
| or any part thereof, for property stock,
| bonds or other obligations of other cor
I
ationS; and to transact all business prop
| erly connected vita, incidental or COnve-
nient to any of the aforesaid obligations
and purposes.
| Article III.-The amount of capital stock
of this corporation shall ne the sum of
| ten Thousand (Sl0000.00) dollars. divided
into and represented by one 900 shares
| of the par value of one hundred (SlOOO0)
| dollars per share. sail stock 10 be issued
! by the Board of Directors for cash or
property, or for services rendered the cor
poration, at their appraised value. MS the
Eoard of Directors may determine and
| direct. in accord1nse with law.
! Article 1V.--rhe amount to which the
capital stock may he increased, shall be
one hundred thousand tSlOO,OOO.OO) dol
| lars.
Article V-The domiCile of this corpor-
alton shall he in the City of New Orleans,
| State of Louisiana; and the duration of
the corporation shall be for ninety nine
| (99) years. Service OF citations, or other
legal processes, shall be served upon the
President. or in his absence. upon the
| Vice President.
! Article VI.-All the corporate powers of
this corporation shall he vested in a Board
| of Directors to consist of three go direc-
tors to be elected annually at a stockhOld-
erS' meeting to be held the third Monday
| in May of each year. The directors so
elected shall remain in Office until their
| successors are elected and qualified. The
| Board of Directors shall elect from their
number a President, a Vice President a
| Secretary Treasurer. and such other Off
| GERS as they may think proper or cOnye-
nient and shall have power to unite two
| or more offices and to confer the same
| upon one person, or to dispense with any
Office in their discretion, and to fix the
| salaries of all officers, agents and en-
| ployees. The directors shall have power
| to hll all vacancies occurring on the
| board. even though no quorum remain at
the time such vacancies are to be filled.
| Directors representing a majority of the
| issued capital stock shall be present at
any meeting of the Board of Directors to
| constitute a quorum. At any meeting of
| the Board of Directors any absent direc-
| tor may be represented by any other di-
| rector. who may cast the vote of the alb
sent director according to the written in
| structions, either general or special, of
| said absent director. The directors shall
have power to make establish, alter and
amend all bylaws, rules and regulations.
and to borrow money, execute mortgages
and issue notes and pledges, bonds, or
other obligations, as they think proper.
without reference to the stockholders; as
well as to exercise all of the other pow
ers with which the corporation is vested
by law. Until the annual meeting in 1919,
the Board of Directors shall constitute the
following: W. Scott Bryan, post office
address, COS whitney Bldg, n. o.; John
p. Couret. post office address, 213 n. Pc
tiers St, n. o.; Louis G.. DessOmmes, 213
n. Peters St., n. o., with the said W.
Scott Bryan as President, the said John
| z. Couret as Vice President and Treasur-
er, and the said Louis G. DessOmmes as
| Secretary.
Article yII.-The names and post office
| addresses of the subscribers of these ar
| ticles of Incorporation, and statement of
the number Of shares of stock in the cor
| poratiOn for which each has subscribed,
are shown by the signatures of the said
subscribers hereto appended.
Article VIII-No stakeholder shall ever
be held liable or responsible for the con-
tracts or faults Of said corporation in any
| further sum than the unpaid balance due
on the shares of stock owned by him; nor
shall any mere informally in organization
have the effect of rendering this charter
null or OF exposing any stakeholder to
any liability beyond the amount due on
his stock.
Article IX.-This act of incorporation
| may be amended, and its capital stock in
solved, in the manner now provided by
law. Upon the dissolution of the cOrpor-
alton, its affairs shall be liquidated by
three (3) commissioners to be appointed
at meeting of stockholders convened for
the purpose of liquidation, to be elected
by vote of all the stockholders. Said
liquidators shall remain in Office until the
affairs of said corporation shall have been
fully settled and liquidated, and they shall
have full power to transfer and give title
to all the property and assets of the cor
poration, at public or private sale, and to
distribute the proceeds. In case Of death
disability or resignation of one or more
of the hquidators, the vacancy shall be
filled by the survivor or survivors.
linus uont anu pdsseu at my Ollce. III
the City of New Orleans on the day
month and year first above written, in
the presence of Delvaille II. Theard and
Oliver c. Blanchard, competent witnesses
who have hereunte subscribed their names
together with me, Notary, and said ap-
bearers, after due reading of the whole.
Original signed).
w. s. Bryan, J. P. Couret, L. q. Des-
sommes.
Witnesses: Delvaille II. Theard, o. C
Blanchard.
GUS. A. LLAMBIAS, Not Pub
i, the undersigned, Recorder of Mort
cages in and for the Parish of Orleans
State Of Louisiana, do hereby certify that
the above and foregoing act Of incorpora.
ton of the Bienville Ship Trading Cor
poration was this day recorded in my Of.
fee in book 1922. folio As.
New Orleans, La, May 31st 1918.
(Signed) EMILE j. LEONARD, by. r
i, the undersigned, Notary Public in and
for the Parish of Orleans, State of Louis.
lana, do hereby certify that the foregoing
Is true and correct copy of the origina
act of incorporation of the Bienville ShiI
Trading Corporation of New Orleans, La.
Of record in my notarial office.
New Orleans, Nav 31st 1918