The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-04
CHARTER
BIENVILLE SHIP TRADING COMPANY,
INC.
United States of America. State of Louis
lana, Parish of Orleans


United States of America. State of Louis
| lana, Parish of Orleans.
/, lie 1t known, that on this Doth day Of
the month of May. in the year of our LORD
one thousand nine hundred and eighteen
| obs, before me- Gustave \. Llambias,
! 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.
Ell the several persons whose names ar,
| hereuntO subscribed, all of the age of ma.
| JOrity, who declared that, availng 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
shall be "Bienville Ship Trading Com
pany, Inc"
Article 1.-THE purposes for which this
corporation is formed are declared to be:
10 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 ito 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
porations to hOl1 stock in other corpOr-
ations; and to transact all business prop
erly connected with, 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 $50 00O.00) dollars, divided
N M ataal Ia
of the par value of one hundred (S100OOD
dollars per share. said stock TO be issued
by the Board of Directors for cash or
property, or for services rendered the cor
poratIon, at their appraised value. as the
Board of Directors may determine and
direct. in accordance with law.
Article 1V.--fhe amount to which the
capital stock may he increased. shall be
one hundred thousand $500, 100000 dol
lars.
Article v.-The domicile of this corpor-
alton shall be in the City of New Orleans,
State of Louisiana; and the duration of
the corporation shall be for ninety mine
900 years. Service Of citations, or other
legal processes, shall be served upon the
President, or in his absence, upon the
Article VI.-All the corporate powers of
this corporation shall be vested in a Board
of Directors to consist of three (3) 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, n
Secretary Treasurer. and such other Off
GERS as they may think proper or cOnve-
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
n N mil NIn
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, 2l3
\. Peters St.. n. o., with the said w.
Scott Bryan as President, the said John
p. Couret as ce-President and Treasur-
er, and the said Louis G. Dessommes as
Secretary.
Article vII.-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
shall any mere informality in organization
have the effect of rendering this charter
null or of exposing any stakeholder to
any liability beyond the amount due on
Article IX.-This act Of incorporation
may be amended, and its capital stock in
creased, or the corporation may be dis
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
poratton, 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.
Thus done and passed at my office, in
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 hereunto subscribed their names
together with me, Notary, and said ap-
pearers. 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.
/, 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
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 original
act of incorporation of the Bienville Ship
Trading Corporation of New Orleans La.
Of record in my notarial Office.
New Orleans, May 31st 1918.
GUS. A. LLAMBIAS, Not. Pub.
Jun 6-13-20-T Jly All