The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTERS
CHARTER OF
THE DELTA SHIPBUILDING COMPANY
INCORPORATED.
United States of America, State of LouiS
lana. Parish of Orleans, City of New
Orleans

Orleans.
Be il known. that on this the eighth
law of the month of June in the year OF
our Lord one thousand nine hundred and
Eighteen and of the independence OF the
United States of America, the one hundred
and fOrty-secOnd, before me-, Joseph SINAI
A notary public. duly commissioned ana
lualified in and for the Parish OF Or
leans. therein residing, personally came
and appeared:
The persons whose names are hereunto |
who declared that availlns
themselves of the provisions of the laws |
Of this state relative to the organization
of corporations, and more particularly OF |
Act 267 of the General Assembly OF this /
State approved July 9th. 1914. they have |
covenanted and agreed, and do by these
presents covenant and agree, bind. form |
and constitute themselves. as wei as such
persons who may hereafter join, or be
come associated with them, into cOrpor-
alton and body polite in law. for the |
objects and purposes and under the agree
ments and stipulationS following, to-wlt
Article 1.-The name and style of this
shall be the Delta Shipbuild
ing Company. Incorporated, and under
that name it shall have and enjoy all the
rights. advantages and privileges granted
by law to corporations. it shall exist Tor
the periOd of ninety-nine years from this
date: il snail have the power to contract
sue and be sued in its corporate name; 10
make and use corporate seal, ana the
same to break or alter at its pleasure;
to hold receive. purchase. convey. mort
gage hypOthecate or pledge property,
both real and personal: to issue bonds.
notes and other obligations, or hegotlanIte
instruments to have and employ Such
managers. directors. officers, agents ana
other employees as the interest ana CON
venience of said corporation may require
or demand: to make and establish Such
bylaws. rules and regulations for the cor
porate management and control of the az
fairs of the corporation as may be deem
ed necessary, convenient and expedlent.
n of POrnOr-
alton shall be in the City of New Orleans:
State of Louisiana. and all citations ana
other legal process shall be served on the
President. or in his absence, upon the
Secretary.
Article III-The objects and purposes
for which this corporation is organized,
and the nature of the business to be car
ried on by it. are hereby declared to be
as follows, to-wit:
To buiId. make. operate. maintain. buy
sell deal in and with. own, lease, pledge
and otherwise dispose of ships. vessels
and boats. made of concrete and of every
nature and kind whatsoever, together with
all materials. articles, tools machinery
and appliances entering into, or suitable
and convenient for the construction or
equipment thereof. and together with en-
gines boilers. machinery and appurten-
ances of all kinds, tackle, apparel and
furniture.
To construct and maintain for the use
of the company or for letting out on
hire, craving and other docks. and other
conyeniences for the building. repairing
or docking of ships and other vessels.
and to aid. in or contribute to the con-
structiOn of any such works.
To buy or otherwise acquire ships and
vessels complete or not complete, sound
or out of repair. for the purpose of i'm
proving. repairing. reselling, letting out
to hire. or otherwise make a profit out
| of the same.
| To buy, lease or otherwise acquire real
estate necessary for docks and dock IA
ii. fNnE fGh lori al :
| in the furtherance of the purposes of the
| company: to acquire rights of way, for
| the construction of q line of railway; TO
| survey, construct. build. erect. own, lease,
mortgage. operate and maintain. sell or
| otherwise dispose of a line or railway for
the purpose of carrying into effect the
above named objects and purposes.
II To own. manage and operate stores In
aid of the objects and purposes above
named
To subscribe to any association, insti-
tuition, or company calculated TO benefit
the company, or persons employed by TN
company, or persons having dealings will
the company.
And generally to do and perform any
thing or act necessary, convenient OF
proper for the carrying into effect of thu
above named objects and purposes.
Article IV.-The capital stock of thi'
corporation is fixed at the sum of nine
ty- nine thousand nine hundred dollars
1899 10000, divided into ninety nine hun
dred and ninety share of the par valu
of ten $1,000 dollars each. All share
of stock shall be full paid and non-assess
able.
Said stock shall be paid for in cash. o
the same may he issued at not less thai
par, for labor done or for services rend
cred to the said corporation. or for prop
| erty or rights actually received by SAT-
corporation.
This corporation shall have the RICH
to increase its capital stock up TO tn
further sum of five million dollars $4,000,
thereof
into shares OF ten dollars $4,000 each
provided said increase in the capital stoc
shall have been authorized by the stock
holders at a meeting held pursuant to tn
provisions of the law.
This corporation shall have and enjo
the rights to purchase shares of stock 4
other corporations, partnerships or Othe
interests as may be found necessary, ex
pedient or advisable.
This corporation shall be and becom
n going concern when fifty (JO) percent o
its stock shall have been subscribed fol
Article VAN the corporate powers O
this corporation shall be vested in. an
exercised by, a Board of Directors com
posed of not less than five and not NOR
than nine stockholders, a majority q
whom shall constitute a quorum for tn
transaction of all business.
The Board OF Directors herein name
shall have the power and authority {
augment its number by any addition u
to the maximum number of nine mem
bers
The Directors shall be elected annual
by ballot. by the stockholders. on tn
second Monday of June in each year Tn
first election under this charter shall
held on the second Monday in June. 1922
Each stakeholder shall be entitled i
person or by proxy, to one vote for ever
share of stock owned by him. and a
. elections shall be held under such rule
|, and regulations as may be specified b
the Board of Directors after fifteen (15
days notice of such election shall hay
been sent to each stakeholder at his la:
known address.
No failure to elect Directors shall h
| regarded as a forfeiture of this charter
III Any vacancy occurring on such Boar
| of Directors shall be filled by the remain
ing Directors for the unexpired term
Said Board of Directors, shall, at il
first meeting after its election. nominal
out of its own number, a President
| Vice-President Secretary annd a Urea.
| urer may be combined and held by on
| person. The Secretary need not be
pjerson. The Secretary need not be
| stakeholder.
Said Board of Directors shall have ii
| right to appoint and dismiss such clerk
| managers and other employees of the col
poration as, in its judgment, may /
/ deemed necessary.
The tenure Of office of all the employe.
OF the corporation shall be during Il
pleasure of the Board.
Any Director shall have the right
appoint. in writing. any other Directo
to act as his proxy and in his stead,
any and all meetings of the Board Of D
/ rectors.
Article vI-Richard B. Stanford. who,
postoffice address Is No. 1884 Napolec
Avenue, New Orleans. Louisiana: J. v
Stromberg, whose postoffice address
u-znI - II 81 TNLa