The herald., 1918-06-06
CHARTERS

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 hOi1 stock in other cOrpOr-
| atiOnS; and to transact all business prop
| erly connected with, incidental or cOnvc-
nient to any of the aforesaid obligations
and purposes.
| Article III.-The amount of capital stock
1 of this corporation shall ne the sum of
ten thousand C$iOOD.O0) dollars. divided
into and represented by one 900 shares
| of the par value Of one hundred ($l00OO)
! dollars per share, sail stock 10 be issued
by the Board of directors for cash or
| property, or for services rendered the cor
poration, at their appraised value. rs the
| Eoard of Directors may determine and
| direct. in accOrdIn:e with law.
| Article lN.-'fhe amount to which the
capital stock may he increased. shall be
one hundred thousand (Sl00,o00.OO dol
! lars.
Article V.-Thc dOmioile of this corpOr-
alton shall be in the City of New Orleans.
State of Louisiana: and the duration of
| the corporation shall he for ninety nine
| 800 years. Service of citations, or other
| legal processes. shall be served upon the
! President. or i'll his absence, upon the
Vice President.
Article VI.-An the corporate powers of
this corporation shall he vested in IA Board
q
tors to be- elected annually AT II Stockhold-
crS' meeting to he 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 President. Vice President. Il
Secretary-TreaSurer, and such other Off
GERS as they may think proper or conve-
nirnt 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-
plOyceS The directors shall have, power
to nil all vacancies occurring on the
board. even though no quorum rcT'Iain at
the time such vacancies are to be filled.
Directors representing majority of the
issued capital stock shall be present at
Iany meeting of the Board of Directors TO
constitute a quorum. At any meeting of
the Board of Directors, any absent dircc
tor may be represented by any other di-
rector. who may east 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
crS 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
=. COuret, post office address, 2l3 y. Pc
tiers St, \. o.; Louis q. DessOmmeS, 2l3
y. Peters St. y. O., with the said W.
Scott Bryan as President. the said John
L. COuret as Vice President and Treasur-
er, and the said Louis q. DeSSommes as
Article VII.-The names and post office
addresses of the subscribers of these ar
ticleS of Incorporation. and statement of
l al -
poration for which each has subscribed,
are shown by the signatures of the said
subscribers hereto appended.
Article NIIl.-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
on the shares of stock owned by him; nor
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
his stock.
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 90 commissioners TO be appointed
at a 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
poration, at public or private sale. and to
distribute the proceeds. In case of death,
disability or resignation of one or more
of the liquidators. 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 III. Theard and
Oliver e. Blanchard, competent witnesses.
who have hereuntO subscribed their names
together with me. Notary, and said APP
bearers, after due reading of the whole.
(Original signed).
W. $. Bryan. u p. Couret, l.. G. Des
sOmmeS.
Witnesses: Delvaile H. Theard, o. C.
blanchard.
GUS. A. LLAMBIAS. Not Pub.
/. the undersigned. Recorder of MorS-
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
pOration was this day recorded in my Of
flee in book --, folio -.
New Orleans, La, May 31st. 1918.
(Signed) EMILE J. LEONARD, by. X.
i, the undersigned, Notary Public in and
for the Parish of Orleans. State of Louis
lana, do hereby certify that the foregoing
is Il 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 1913.
Gus. \. LLAMBIAS, Not. Pub.
Jun 6-13-20-2T Jly Ill