The herald., 1918-10-10
CHARTER OF T. SMITH q SON, INC.


United States of America, State of Louis
lana, Parish OF Orleans. Be it known. that
on this 10Th day of the month of September
in the year of our Lord One Thousand Nine
Hundred and Eighteen Q9lS), and of the In
dependence of the United States of America
the One Hundred and Forty Second, Q42nd)
before me, Watts X. Leverich, Notary Pub
lie, duly commissioned and qualified, in and
for the Parish of Orleans, therein residing
and in the presence of the witnesses herein
after named and undersigned. personally
came and appeared the several persons whose
names hereunto subscribed, who declared
that, availing themselves of the laws of this
State relative to the organization of corpo-
rations, they have covenanted and agreed,
and do by these presents covenant agree,
bind form and constitute themselves, as we'll
as such persons as may hereafter join or
become associated with them, into a corpo-
ration and body polite in law. for the OBJ
jects and purposes and under the agreements
and stipulations following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be: T. Smith & Son, Inc,
and, under its corporate name, il shall enjoy
succession for the full term and period of
ninety nine years from and after the date
hereof, and shall have power and authority
TO contract and be sued; to accept and
receive mortgages, pledges other hypothe-
cations; to make and use a corporate seal
and the same to break and alter at pleasure
to purchase, receive, lease, hold, or other
and hypothecate under its corporate name,
property both real and personal and mixed I;
TO borrow money and make and issue bonds
and other evidences of debt. and to secure
the same by mortgage and otherwise; to hold
stock in other corporations. to acquire, hold
and reissue shares of its capital stock; to
join consolidate with and enter into
agreements and cooperative relations not in
contravention of law, with any person or
persons, firms, associations or corporations,
governmental. municipal otherwise. in and
about the carrying and accompli shment
of all or any of the purposes Of the Com
pany, to carry out all of the objects and pur-
poses hereinafter set out; to name and ap-
point such managers and directors, officers
and agents, the interest and convenience
of said corporation may require; and to make
and establish. as well as alter and amend
at pleasure, such bylaws, rules and regula-
tions for the management and regulation Of
the affairs of the corporation as may be
necessary, proper or convenient,
ARTICLE 1.-THE domicile of this cor
poration shall be in the Parish Of Orleans,
State of Louisiana, and all citations or other
legal process shall be served upon any of the
officers of the corporation.
ARTICLE III.-The objects and purposes
for which this corporation is established, and
the nature Of the business TO be carried on
by it, are hereby declared to be: to carry
on the business of stevedores; TO load, dis
charge and unload vessels of all sorts; to
act as ship agents, lghtermen, forwarding
agents; to hold stock in other companies; and
generally to do all such acts and things as
may be necessary, proper or convenient for
the accomplishment of any of these objects
and purposes.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum OF
--Dollars, divided into
shares of the par value of One Hundred
$4,000 Dollars per share. The amount OF
the stock may be increased to One Hundred
Thousand ($l0OOO0O0) ollars. The whole
or any portion of said stock shall be paid
for in cash, or it may be issued and de-
livered to any person, firm or corporation for
the acquisition of the rights, privileges or
property owned or controlled by such person,
firm or corporation, for the fair value thereof
as appraised by the Board of Directors; and
the Board Of Directors hereinafter created is
specially authorized to issue and dispose of
the stock at not less than the par value, for
any and all purposes as in its judgment may
seem fair and proper.
ARTICLE V.-All of the powers of this
corporation shall be vested in and exercised
by a Board of three % directors. Said
Board of Directors shall be elected annually
by ballot, at a stockholders meeting called
for that purpose on the second Monday in
July of each year, (or the next legal day il
that be a holiday after due notice given to
the stockholders by mail, at least fifteen
days before the date of said meeting Each
for each share of stock standing in his
name on the books of the Company, said
vote to be cast in person or by proxy, and
the majority of the votes cast shall edect.
The Board of Directors shall have the power
to fill all vacancies which may occur or in
any manner arse or be created on the Board
even though no quorum remain at the time
such vacancies to be filled Failure 70
elect directors on the day above specified
shall not dissolve the corporation, but the