The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22


lana. Parish Of Orleans, City OF New
Orleans
Be it known, That on this Seventeenth day
OF the month OF July, in the year One Thou
sand Nine Hundred Eighteen,
Before me, Charles Rosen, a Notary Pub
and for the above Parish therein residing,
and in the presence Of the witnesses here
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,
a Corporation under the following articles
and stipulations, which they hereby adopt
as 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
Corporation shall have for the purposes OF
the business to be carried on by it all the
powers conferred by law upon corporations.
and shall generally exercise all the powers
necessary 10 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 or 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
demand; 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 eNpedicnt.
ARTICLE 1.-THE domicile of the Cor.
Poration shall be in the City of New Or
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
for which this corporation is organized, and
the nature of the business to be carried on
| by it 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.
| ly all kinds of vessels and water craft; to
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 other
wise; and generally TO do all things incl
dental to the foregoing purposes.
| ARTICLE 1V.-The amount of the capital
| stock of this Corporation is hereby declared
| to be Thirty Thousand (S30,OOOO Dollars
consisting of three hundred 5000 shares Of
the par value of One Hundred (sl0O) Dollar.
per share. Twenty thousand (S20,UOOO 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 sucf
time in accordance with law as the BoarC
Of Directors shall prescribe. The amount
to which the capital stock may be increased
shall be One Hundred Thousand 100000
| Dollars.
Of this Corporation shall be managed by
Board of five directors, who shall be elected
| annually at meeting of the stakeholder
held on the LIST Monday of July of eaci
year. The first annual meeting shall b,
held on the LIST Monday of July, 1919. unit
which time the directors elected by the stock
holders upon organization shall act, or unit
their successors are elected and qualified.
The firse Board Of Directors shall be elect
ed by the Stockholders on July IS, 1918, a
o'clock p. m. at Room No. 2o4, Godchau,
Bldg. New Orleans, La, after organization
Of this corporation. Immediately after eac
Board Of Directors is elected, or as soon a
practicable thereafter, said Board shall cleo
from among their number President, an
a Secretary Treasurer, and may from time I
time elect such other officers. agents an
employees as they desire and may grant I
each officer such powers as they deer
proper.
The stockholders or the Board of Director
may elect such other officers as they desr
and determine their duties, and may at an
time separate the office Of Secretary fror
that of Treasurer, in which case the Secrc
tary need not be a member of the Board.
All vacancies in the Board from whateve
cause arising may be filled by the remainin
directors. Any member Of the Board ma
appoint any other stakeholder his represer
tatve to act in his place and stead at an
meeting of the Board.
The Board Of Directors NAV make amen
! and repeal all bylaws for the regulation
the Company not inconsistent with and sui
ject to such bylaws, rules and regulations q
may be made by the stockholders
All elections shall be by ballot at the offiC
: Of the Company in accordance with such req
lation as the Board of Directors may dete
mine. and at every such election and at a
meetings Of the stockholders each regstere
share of stock at the date of such election
r meeting shall be entitled to one vote to
D cast by the registered owner or his agent
4 representative by written proxy.
{ The failure to elect directors at the annu
T meeting shall not dissolve or affect the co
4 poration impair its management in ar
respect. but the officers and directors
r office shall remain in office until their SIT
= cessors are elected and qualified. and Il
y election held as soon as practicable Their
e after
r ARTICLE VT-This act of incorporate
n may be modified. changed or altered, or sa
] corporation may be dissolved, with the a