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

nted States OF America, State Of Louis.
lana. Parish OF Orleans, City of New
Orleans.
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, a Notary Pub.
lIc 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.
eraI persons OF the full age of majority,
whose names are hereunto subscribed, who
declared that availing themselves of the
laws OF this State in such cases made and
provided, they do hereby form themselves
rheir associates, successors and assigns into
Corporation under the following articles
and stipulations, which they hereby adopt
as their charter, to-wit:
ARTICLE 1.-The name of this Corpora
ton shall be Mutual Transportation Com
pany, Inc. Its period OF duration shall be
ninety-nlne 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 10 carry on said business Said
Corporation shall have full power to contract
sue and be sued in its corporate name; tc
make and use corporate seal, and the
same 10 break or alter at pleasure; to hold
receive, purchase, rent or otherwise acquire
ana to convey, mortgage, hypothecate, lease
SNils PlShsC VI OlNCIWlSc dispose OF property
real, personal and mixed; to issue bonds
notes or other obligations; to have and EN-.
ploy such managers, directors, officers agents
and other employees as the interest and con.
yenlence OF the Corporation may require or
demand; 10 make and establish such nv.
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 eXpedient
ARTICLE 1.-THE domicile of the Cor.
pOratlOn shall he n he n
leans, State Of Louisiana; and all citation
and other legal process shall be served on
the President, and in his absence or dis.
aoilIty upon the Secretary Treasurer.
ARTICLE lII.-The objects and purposes
i i1r which this corporation is organized, and
the nature of the business to be carried on
by IT are. hereby declared to be:
10 acquire and operate for hire a steam.
3oat 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
~ all kinds of vessels and water craft; to
BUY, sell, charter and generally deal in
steanfDoatS, steamships, barges, vessels and
an kinds OF water craft; 10 engage in in
land and ocean transportation and carriage
reight' 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 (S5OOOOO0 Dollars
consisting of three hundred 5000 shares OF
the par value of One Hundred (slOO Dollars
per snare Twenty thousand (s200OOOO Dol
lars OF the capital stock shall be subscribed
before the filing of the articles of incor-
porstion, and shall be paid in cash before
the company commences business. The bal
s: 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
shall be One Hundred Thousand (slOOOOO.OO)
ARTICLE V-The business and affairs
OF this Corporation shall be managed bv a
Board OF five directors, who shall be elected
annually at meeting of the stockholders
held on the LIST Monday of July of each
year. The first annual meeting shall be
held on the lst 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.
The firse Board Of Directors shall be elect
3 O'Clock p. m, at Room No. 2O4, Godchaux
bidg.: 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 a President. and
a Secretary Treasurer, and NAV from time N
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 thew desire
ana determine their duties, and may at any
time separate the office Of Secretary from
that OF Treasurer, in which case the Score
tary need not be a 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 mis- 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 resu-
latiOn as the Board Of Directors NAV deter.
NINE, 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 10 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.
eessors 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