The herald., 1918-06-27
CHARTERS.
CHARTER OF
THE DOULLUT & WILLIAMS SHIP
IkIrIT DING COMPANY, INC.

Re II known. that on this 18th day OF
the month of April, in the year OF OUT
Lord one thousand nine hundred ana
ej0hteen and of the Independence OF the
United States the one hundred ana l0TlS
second. before me, Arthur u. Leopoid, a
Notary Public duly com MN Sf New S oTi
leans, Parish of orleans, and therein re-
siding and in the presence OF the VII
nesses named and undersigned personal
ly came and appeared: -
hereunto subscribed and who severally de-
cIared that availing themselves or the laws
of the State of Louisiana in such cases
made and provided, they do, by these
presents form themselves into cOrpor-
alton under the following stpulatlons
Article The name OF TINS Gorpor Sti,l
shall be the "Doullut Williams Snip
building Company, Inc, by whlch name
said corporation shall have and enjoy cor
porate existence and succession Tor u
term of ninety nine (99D years, from anu
after the date hereof unless sooner dis
solved according to law; and its domlclIe
shall be in the City of New orleans. ~
shall have power TO contract, sue anu pe
sued, to make and use corporate scdl'
and the same to break ana alter AT peas,
ure; to hold, receive, lease, purchase; sen
and convey as well as mortgage ana ny
pothecatc under its corporate name, pro-
perty both real and personal; 10 borrow
money and lend money, TO give anu re
ceive securities therefor, to make ana aP
point such managers, directors anu oui
said corporation may require; 10 MAKE
and establish such bylaws. rules ana reg
uIations as may be necessary ana proper
and the same to alter and amend at pleas
ure. -,
Article II.-An citations and other legal
process shall be served on the President
of this corporation, and in case OF ms
absence, upon the NlCe-Presldehti UT 'ne
Secretary Treasurer thereof.
Article III.-The objects and purposes
for which this corporation is formed are
declared to be: TO build, make, 3pepa TAN
lease pledge and otherwise dispose or
ships, vessels, and boats OF every nature
and kind whatsoever, together win an
materials articles, tools, machinery ana
appliances, entering into or suitable ana
convenient for the construction or equip
ment thereof, and together with engines
boilers, machinery and appurtenahCes OF
all kinds and tackle, apparel ana furnl-
ture of all kinds, including all Other
things that may be incidental or neceS-
sary to the primary purposes Tor whlch
this corporation is formed.
Article iY.-The capital stock of this
corporation is fixed at one million dollars
Isl 900 100000 which may be increased or
reduced as permitted by law Lnat i nfe
ten thousand 100000 shares of one hun.
dred dollars (S100.0O) each, of which eight
thousand $4,000 shares are to be pre-
shares common stock, which may be is
sued from time to time by the Board of
Directors and as permitted by law ana
the holders of said preferred stock shaiI
be entitled to receive from the surplus or
net profits of the corporation a yearly
dividend of ten per cent payable annual,
Iy, before any dividends shall be paid
on the common stock. Said dividends on
the preferred stock of 10 per cent shall
be cumulative. The balance of the net
profits of the company declarable as diyl-
dends shall be distributed among the
holders of the common stock The par
value Of the preferred stock. together with
all unpaid dividends accrued thereon shall
I'm the event of dissolution and division
of the assets be paid in full before any
sum whatever shall be paid in liquidation
on account of the common stock ana
thereafter, the common stock shall be en-
titled to the entire assets remaining. Inc
holders of the preferred stock shall nave
no voting powers whatsoever. nor shall
they be entitled to notice of any meeting
of stockholders of the company. Said
preferred stock shall be subject 10 re-
plus at one hundred and five dollars
(S1050O per share, and dividends tha'
may have accrued thereon at such time OF
time and in such manner as the Board Of
Directors may determine.
Subscriptions to said capital stock may
be paid for in cash or in property, anC
good will, and as otherwise required by
law.
Article v.-All the corporate powers o.
this corporation shall be vested in boart
of directors, to be composed OF I'VE o
elected by the common stockholders OF
the first Monday of May Of each year, be
ginning on the first Monday OF May; ieis
The present board of directors shall holS
Office until the first Monday of May, 1913
and until their successors shall have beef
elected and qualified. The directors shat
elect a President, and a Vice President
and Secretary-Treasurer In case
any vacancy occurring on the board from
death, resignation or otherwise, the re
naming members shall fill the vacanc,
until the next election. Three member
of the board of directors shah constitut
quorum.
The following named persons, to-wit
Milton p Doullut, 400 Egania ST., NeN
Orleans. La; W. Horace ,e. Williams p SSi
DouIlut, 500 Egania St, New Orleans, La.
Arthur T. Gomila, 2435 Fern St, New OF
leans. La; Louis ii. Guerin, oakiawI
as the first board of directors, with sal
Milton p. Doullut. as President, Pau
DouIIut Vice-President, and W. Horac
Williams, Secretary Treasurer; A.. ..oo,
holders shall be called after fifteen day
previous notice in writing mailed to eac
stockholder at his post office address;
Article VIII-Whenever this corporatio
is dissolved, either by limitation or 9th
erwise, its affairs shall be liquidated b
three liquidators, to be selected by I'll
stockholders after meeting convened 10
that purpose shall have been called.
Article IX.-This act OF incorporate
may be changed. altered or amended, o
said corporation may be dissolved. or II
capital stock increased as provided 10
by the laws of this state, after a generi
meeting of the stockholders shall hay
been called. after fifteen days preyiou
notice thereof given.
Article X.-No stakeholder shall eve
be held liable or responsible for the col
tracts of said corporation for any furths
sum than the unpaid balance due upon I'll
shares OF stock subscribed for, or owne
ny him. nor shall any informality in OF
fanization have the effect of renderin
his charter null or of exposing stool
/holder to any liability beyond the amour
of subscription to the stock.
The subscribers hereto have given oil
posite their respective names, the amour
of stock in this corporation subscribe
for by each of them, so that this Act
Incorporation may also serve as the oril
inal subscription list of said corporation
Thus done and passed, in the City
New Orleans, on the day, month and yes
william A. Movers and A. L. Treadwel
competent witnesses, who hereuntO sig
their names, with the said appearer an
me, Notary.
Original signed):
NJ =. Doullut, 1900 shares preferre
stock, M. Z. Doullut, 167 shares commO
stock; w. Horace Williams, 1900 shar'
preferred stock, W. Horace Williams, II
shares common stock; Paul Doullut, IL
shares preferred stock, Paul Doullut, II
shares common stock: Louis ii. Gueri
I share common stock, A. L. Gomila,
share common stock.
Witnesses: VIM. A Movers, A. L. Trea'
ApTuIrp u JFopOJD Not Pm,