The herald., 1918-10-03
CHARTERS

at a general meeting OF the stockholders Of
the Gulf Coast Transportation Company.
corporation. organized by an act passed be-
fore the undersigned Notary Public on the
10Th day Of August. 1918. which said meeting
was held at the office OF the Cult Coast
Transportation after due notices they were
elected respectively Chairman and Secretary
of the said stockholders meeting, will
more fully appear by a certified copy OF the
minutes of said stockholders meeting, an
nexed hereto, for greater reference.
And the said apeparers further declared
that as Chairman and Secretary respectively
Of the said stockholders meeting. they were
authorized and empowered to appear before
me, Notary, for the purpose OF amending
the said charter Of the Gulf Coast Trans
pOrtation Company.
And the said appearers as Chairman and
Secretary of the said stockholders meeting
and acting in said capacity and on behalf
Of said corporation by virtue Of the authority
conferred upon them at the general meeting
of said stockholders, declared that the charter
of the said Gulf Coast Transportation Com
pany passed before me, the undersigned No
tary, August 10Th, 1913, has been changed,
altered and amended TO read in its entirety,
as follows:
ARTICLE 1.-The name of said corporation
shall be Gulf Coast Transportation Company,
and under its seal said corporation shall
have the power and authority to have and
enjoy succession for the full term and
period Of ninety-nine years from and after
the date hereof to contract and be sued; to
make and use a corporate seal and the same
to break and alter at pleasure; to hold, re
ceive, lease, purchase and convey, as well
mortgage and hypOthecate property, real,
personal and mixed: corporeal and incor
poreal; to name and appoint such managers,
agents, directors and officers as its business.
interests and conveniences may require; and
to make and establish well as alter and
amend, from time 10 time, such bylaws,
rules and regulations for the proper govern
ment Of the affairs Of said corporation as may
be necessary and proper.
ARTICLE 1.-THE domicile of said corpo.
ration shall be in the city of New Orleans,
State OF Louisiana, and all citations or
other legal process shall be served upon
the President of said corporation, or in the
event of his absence upon Nice-President
thereof, and in the absence of said officers
upon the Secretary of said corporation.
ARTICLE III The objects and purposes
for which this corporation is established and
the nature Of the business to be carried on
by it are hereby declared and specified to
be the transportation of persons and Pep
erty for hire; and to that end. to own, G, Ar
ter or lease all boats propelled by sally or
steam or other power; tugs, barges and YES
sells of whatever description; TO construct
own and operate railroads and appurtenances
thereto, docks, wharves, warehouses, barges
ships, boats and vessels of all description
either Tor its own use or for third persons ;
and generally to hold and exercise all such
to the objects and privileges hereinabove
set forth. AL Of the above corporate func-
tions may be performed both in the State of
louisiana and in any of the other states of
the Union. or elsewhere.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum of
One Hundred Thousand Dollars (SlO0OOQ OO
to be divided into and represented by one
thousand shares of stock of the par value of
one hundred dollars each. Said stock shall
be paid for in cash, and at such time. in
such amounts, and after such notice 10 the
SUBSCRIBERS as may be fixed by the Board
OF Directors; or the same may be issued at
not less than par for labor done or money
or property actually received or purchased by
SAID corporation. The capital stock may be
increased from time to time to one million
dollars in the manner provided by law.
ARTICLE N.-All the corporate powers of
SAID corporation shall be vested in and ex-
ercised by the Board Of Directors, to be
composed OF eight stockholders TO be elected
annually on the second Monday of October
IN each year, except the first Board of Di-
reetors appointed in this charter, who shall
hold 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 to be appointed by the
Board of Directors. Notice of such cleo.
more than fourteen nor less than fifteen
days prior to such election in one news
paper published in the city of New Orleans;
or by written notice mailed to each stock.
holder by the Secretary. Every stakeholder
shall be entitled OF one vote for each share
OF stock standing in his name on the books
OF the Company, to be cast in person of by
proxy, and a majority of the votes cast shall
elect. Any vacancy occurring among the
directors by death, resignation or otherwise
shall be filled by election for the remainder
of the term of the board by the remaining
directors "A failure to elect directors on
the date above specified shall not dissolve
the corporation, but the directors then in
office shall remain in office until their sue
cessors are elected and qualified, and shall
cause another election to be held as soon as
possible thereafter, after notice thereof shall