The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-15
CHARTER OF
MUTUAL TRANSPORTATION COM
PANY INC

United States Of America. State of Louis
lana. Parish Of Orleans. City Of New
Orleans
BE it known, That on this Seventeenth dav
Of the month of July, in the year One Thou
sand Nine Hundred Eighteen,
Before me, Charles Rosen, Notary Pub
lie, duly commissioned and qualified, i'll
and for the above Parish therein residing
matter named and undersigned.
Personally came and appeared The sew
eral persons Of the full age of majority,
whose names are hereunto subscribed, who
declared that availing themselves of the
laws OF this State in such cases made and
provided, they do hereby form themselves
their associates. successors and assigns into
Corporation under the following articles
and stipulations, which they hereby adopt
their charter, to-wit:
ARTICLE 1.-The name of this Corpora.
ton shall be Mutual Transportation Com
pany, Inc Its period Of duration shall be
ninety-nlne years from this date. Said
Corporation shall have for the purposes of
the business to be carried by it all the
powers conferred by law upon corporations
| and shall generally exercise all the powers
necessary to carry on said business Said
Corporation shall have full power to contract.
sue and be sued in its corporate name; to
make and use corporate SEAL and the
same 10 break or alter at pleasure; TO hold,
receive, purchase, rent otherwise acquire,
and TO convey, mortgage, hypothecate, lease.
| sell, pledge or otherwise dispose of property
| real, personal and Mixed TO issue bonds
notes other obligations: to have and en-
ploy such managers, directors, officers. agents
and other employees the interest and con
venience of the Corporation may require or
demands; to make and establish such by
laws, rules and regulations for the manage
ment and control of the business and affairs
OF the Corporation as may be deemed neces-
sary or eNpedient
ARTICLE 1.-The domicile of the Cor.
poratiOn shall be in the City of New Or
leans, State of Louisiana; and all citation
and other legal process shall be served on
the President, and in his absence or dis
ability upon the Secretary Treasurer.
ARTICLE lII-The objects and purposes
Tor which this corporation is organized, and
by it are hereby declared to be:
To acquire and operate for hire a steam.
boat between New Orleans and Baton Rouge.
Louisiana Said corporation shall also have
the right to acquire and operate for hire
steamboats,, barges, steamships, and general
buy, sell, charter and generally deal in
steamboats,, steamships, barges, vessels and
all kinds OF water craft; to engage in in
land and ocean transportation and carriage
freight, passenger, mail, express or other.
wise; and generally to do all things Incl
dental TO the foregoing purposes.
ARTICLE lV.-The amount of the capital
stock of this Corporation is hereby declared
10 be Thirty Thousand (S300OOO Dollars,
consisting of three hundred 5000 shares of
| the par value of One Hundred (SlOO) Dollars
per share. Twenty thousand ($9O,OOOOO Dol.
lars of the capital stock shall be subscribed
| before the filing of the articles of incor-
Poration, and shall be paid in cash before
| the Company commences business. The bal
| ance of the stock shall be paid at such
| time in accordance with law as the Board
| of Directors shall prescribe. The amount
to which the capital stock may be increased
shall be One Hundred Thousand (slOO,OOOOO)
| Dollars.
ARTICLE V.--The business and affairs
| OF this Corporation shall be managed by a
Board of five directors, who shall be elected
| annually at a meeting Of the stockholders
held the LIST Monday of July of each
year. The first annual meeting shall be
which time the directors elected by the stock
| holders upon organization shall act, or until
their successors are elected and qualified
| The firse Board of Directors shall be elect
o'clock p. m, at Room No. 2O4, Godchaux
| Bldg. New Orleans, La, after organization
| of this corporation. Immediately after each
| Board of Directors is elected, or as soon as
practicable thereafter said Board shall elect
from among their number a President, and
| a Secretary Treasurer, and may from time to
| time elect such other officers, agents and
| employees as they desire and may grant to
each officer such powers as they deem
proper.
The stockholders or the Board of Directors
| may elect such other officers as they desire
| and determine their duties, and may at any
/ time separate inc Office oil secretary from
| that of Treasurer, in which case the Secre-
| tary need not be member of the Board
| All vacancies in the Board from whatever
| cause arising may be filled by the remaining
directors. ANY member of the Board may
appoint any other stakeholder his represen-
tative to act in his place and stead at any
meeting Of the Board.
The Board of Directors may make amend
and repeal all by laws for the regulation Of
the Company not inconsistent with and sub
ject to such bylaws. rules and regulations as
may be made by the stockholders.
All elections shall be by ballot al the office
of the Company in accordance with such regu-
lation as the Board of Directors may deter.
nine. and at every such election and at all
meetings OF the stockholders each registered
share of stock at the date of such election or
meeting shall be entitled to one vote TO be
cast by the registered owner or his agent OF
representative by written proxy
The failure to elect directors al the annual
meeting shall not dissolve affect the cor
poration impair its management in any
respect. hut the officers and directors in
office shall remain in office until their sue
cessors are elected and qualified. and the
election held soon practicable there
after.
ARTICLE vI.-This act of incorporation
may be modified. changed or altered, saiC
corporation may be dissolved, with the as