The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-01
CHARTER OF
MUTUAL TRANSPORTATION COM
PANY INC

Nlttl STATES o. America. State OF Louis
lana, Parish Of Orleans, City OF New
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, Notary Pub
he, duly commissioned and qualified, in
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 hereunto subscribed. who
declared that awaiting 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, tOHwit:
ARTICLE 1.-The name of this CORPORA.
ton shall be Mutual Transportation Com
pany, Inc. Its period Of duration shall he
ninety-nne years from this date. Said
Corporation shall have for the purposes OF
the business to be carried on by il all the
powers conferred by law upon corporations
and shall generally exercise all the powers
necessary to carry on said business. Said
Corporation shall have full power to contract
sue and be sued in its corporate name; to
make ana use a corporate SEAL and the
same TO break or alter at pleasure; TO hold
receive, purchase, rent or otherwise acquire
and 10 convey, mortgage, hypOtheCate, lease.
sell, pledge or otherwise dispose of property
real, personal and mixed; 10 issue bonds
notes or other Obligatons 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 or eNpedient
ARTICLE 1.-THE domicile of the Cor
poration shall be in the CITY of New Or
leans, / apI all -.
and other legal process shall be served on
me PRESIDENT and in his absence or dis
ability upon the Secretary Treasurer.
AkiiCLE lll.-Ihe objects and purposes
Tor which this corporation is organized and
the nature of the business to be carried on
by 1t are hereby declared to be:
10 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
iy all kinds of vessels and water craft; 10
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 or other
wise; and generally to do all things Incl.
dental to the foregoing purposes
ARTICLE IV.-The amount of the capital
stock OF this Corporation is hereby declared
TO be Thirty Thousand (S5O,OOOO0 Dollars.
consisting of three hundred 5000 shares of
per share. Twenty thousand (S20,OOOO Dol
lars of the capital stock shall be subscribed
before the filing of the articles of ncor-
Poration, and shall be paid in cash before
the Company commences business The bal
ance OF the stock shall be paid at such
time IN accordance with law as the Board
OF Directors shall prescribe. The amount
to which the capital stock may be increased
Dollars.
F. ARTICLE V-The business and affairs
OF this Corporation shall be managed by
Board of five directors, who shall be elected
held on the LIST Monday of July of each
year. The first annual meeting shall be
held on the LIST Monday of July, 1919. until
which time the directors elected by the stock
holders upon organization shall act, or until
their successors are elected and qualified
he firse Board Of Directors shall be elect
ed by the stockholders on July IS, 1918 az
5 O'Clock p. m, at Room No. 2O4. Godchaux
Bldg: New Orleans, La, after organization
OF this corporation. Immediately after each
Board Of Directors is elected. or as soon as
practicable thereafter. said Board shall elect
from among their number President and
a Secretary-Trea and may from time TO
time elect such other officers. agents and
employees as they desire and NAV grant 10
each officer such powers as they deem
proper.
The stockholders or the Board of Directors
may elect such other officers as they desire
and determine their duties, and NAV at any
time separate the office of Secretary from
that of Treasurer, in which case the Secre.
tary need not be member of the Board
All vacancies in the Board from whatever
cause arising may be filled by the remaining
directors. Any member Of the Board NAV
appoint any other stakeholder his represen-
tative TO act in his place and stead at any
meeting of the Board
The Board of Directors NAV make, amend
and repeal all bylaws for the regulation of
the Company not inconsistent with and sub
ject to such bylaws, rules and regulations as
may be made by the stockholders
All elections shall be by ballot at the office
OF the Company in accordance with such regu-
lation as the Board of Directors may deter
mine. and at every such election and at all
meetings Of the stockholders each registered
share of stock at the date of such election or
meeting shall be entitled to one vote to be
cast by the registered owner or his agent or
representative by written proxy.
The failure to elect directors at the annual
meeting shall not dissolve or affect the cor
poration or impair its management in any
respect, but the officers and directors in
office shall remain in office until their sue
cessors are elected and qualified, and the
election held as soon as practicable there
after
ARTICLE VI-This act of Incorporation
may be modified. changed or altered. or said
corporation may be dissolved, with the as