The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-04
CHARTERS.
CHARTER OF
.ar D0ULLSI SovPANY, INC.

0rieanp. that on this 18th day of
Be II nv ~ April in the year OF our
ne month o,bonsand nine hundred and
| Lord. one Ind Of the Independence OF tne
asn ,uS States, the one Lu[u n L r a
| .seond pelTc duly commissioned and
Notary Ind for the City OF New Ut
| ,usi6ed ~ In of Orleans, and therein re-
baps, nd in the presence OF tne
/ fdng nsmed and underslsheu' Peis'n"i
rssme and appeareu' ,,.bose names are
The se'e,bscribed and who severally de-
iereuniV % ayailing themselves OF the laws
| Jared tna at,a Of Louisiana in such cases
| 4 the S nroyided, they do, by these
sade form themselves INTO ltn0ra a oOspor
don unoer The name of this corporation
Article l. IL SDoullut & Williams Ship
Asll be ccnsnnany. Inc" by which name
Nilding S.otion Shall have and enjoy cor
I'D eoip"istence and succession ior
psrste eSnety-nine ty9) years, from ana
srm OF hIsnt1 hereof, unless sooner dis
rfer tne.ording to law; and its dOmlclle
plyeo Az the City of New Orleans. IL
bsA " mower TO contract, sue anu De
BAL pa "a make and use a corporate scar
ned " same 10 break and alter at pleas,
nd me ia receive, lease, purchase, sell
ne; 10 noi" az well as mortgage and by
nd eo.,'' nnder its corporate name, pro-
sthees.s, real and PERSONAL; to borrow
gefV Vond lend money, TO give ana re-
none! cnrities therefor, to make ana ap-
s snch managers, directors anu ohis
pslni ,he interest and convenience OF
cefs Is t.o,ion may require; to make
sid eahIish such bylaws, rules ana reg
nd esaa" ss may be necessary and proper
pAuohs' ame TO alter and amend at pleas
| I'D the same W
rs,,.,s u.-AI citations and other legal
u sball be served on the President
roeessss cornoration, and in case OF his
tnIs nnnn the Vice President, or the
tassry- Treasurer thereof
Sesssis III.-The objects and purposes
Ausich this corporation is formed are
,..,sred to be: to buiid, maxi, 1PeIalc'
seia,ssn bny, sell, deal in and with, own:
nalhli adgc and otherwise dispose OF
k1se, Passsis. and boats of every nature
nv, ,nd whatsoever, together with all
%. ..isis articles, tools, machinery ana
na,,arces. entering into or suitable ana
Mlsrenient for the construction Ut eiuiP
'a' .hsreof and together with engines.
S ~. machinery and appurtenances OF
nis s.oas and tackle, apparel and furnl-
hT ali kinds, including all other
~ ~ that may be incidental or neceS-
.ss 10 the primary purposes Tor WHICH
~. evaporation is formed.
Aaasation is fixed at one million dollars
nsooO0OO) which may be increased or
aiv vsOS as permitted by law. That the
sM csnital stock is to be divided into
:, thousand 100000 shares OF one nun.
, SoIlars (s1OOO0) each, of which eight
nnss.snd IS OO0) shares are to be pre-
n.d stoek and two thousand (2,OOO)
~. ~. eommon stock which may be is
"a from time to time by the Board OF
ss.s,tors and as permitted by law, and
~ holders Of said preferred STOCK shall
ssttled TO receive from the surplus or
:, rrofts of the corporation yearly
,,,asnd of ten per cent payable annual
hsfore any dividends shall be paid
AZ cannon stock. Said dividends on
4. nreferred stock of 10 per cent shall
= .rwuIatiye The balance of the net
s.s,s ~ the company declarable as diyi-
E.Ss shall be distributed among the
s.iSsrs Of the common stock. The par
Inc AZ the preferred stock, together with
n Sanaid dividends accrued thereon shall
= he event of dissolution and division
Z The assets be paid in full before any
~ whatever shall be paid in liquidation
4 account of the common stock ana
Ss,saffer the common stock shall be en-
~lad 10 the entire assets remaining. The
klders Of the preferred stock shall have
4 voting powers whatsoever, nor shall
n,y be entitled to notice of any meeting
stoekholders of the company. said
referred stock shall be subject to re-
fmption out Of net profits or earned sur
las at one hundred and five dollars
if0bO0) per share, and dividends that
nav have accrued thereon at such time or
me and In such manner as the Board OF
directors may. determine.
inscriptions to said capital stock may
n paid for in cash or in property, and
ysed will and as otherwise required by
1w
Article v.-All the corporate powers of
Nc corporation shall be vested in board
Il 4 directors to be composed Of five OF
he common stockholders, who shall be
iected BIZ the common stockholders on
Ne first Monday Of May of each year, be-
snning on the first Monday of May, 191S.
ne present board of directors shall hold
szce until the first Monday of May, 1919,
nd until their successors shall have been
lected and qualified, The directors shall
ssf q President, and a Vice-President.
md q Secretary Treasurer. In case OF
ny vacancy occurring on the board from
hath, resignation or otherwise, the re-
sAining members shall fill the vacancy
mtl the next election. Three members
4 the board of directors shall constitute
The following named persons, to-wit :
Mton P. Doullut, 400 Egania ST., New
@isns, La; W. Horace Williams, SSlS
Coliseum St., New Orleans, La; Paul
peullut, 500 Egania ST., New Orleans, La.
r!hur 7. Gomila, 2435 Fern St., New Or
ans La; Louis ii. Guerin, Oaklawn,
a. shall be and are hereby constituted
the first board of directors, with said
9IHoh r. DOullut, rs 1TeSluentf
poullut. Vice-President, and W. Horace
Villains, Secretary Treasurer.
Article vII.-All meetings of the stock
ssders shall be called after fifteen days
Ntyious notice in writing mailed to each
xekholder at his post office address.
Article VIII-Wheneyer this corporation
dissolved, either by limitation or 9TH
rsise, Its affairs shall be liquidated by
nfe llquidators, to be selected by the
eckholders after meeting convened for
~ purpose shall have been called.
Article Ix.-This act of Incorporation
m changed, altered or amended, or
M corporation may be dissolved, or its
epnai stock Increased, rs provided for
NE laws Of this state. after general
seung of the stockholders shall have
~ called, after fifteen days previous
huce thereof given.
Article X.-No stakeholder shall ever
neid liable or responsible for the con-
ssen OF said corporation for any further
IN than the unpaid balance due upon the
Esies OF stock subscribed for, or owned
am. nor shall any informality in Or
nnsuon have the effect of rendering
~ enarter null or of exposing a stock
leIder to any liability beyond the amount
subscription to the stock.
ne subscribers hereto have given OPP
<s'ns tneir respective names, the amount
Soek In this corporation subscribed
10y each OF them, so that this Act OF
II, inssa may also serve as the orig
subscription list Of said corporation
raas done and passed, ~ the City OF
orleans, on the day, month and year
sm soose written, in the presence OF
am A. Movers and A. l.. Treadwell
Ss.ent witnesses, who hereunto sign
names, with the said appearer and
Tiginal .signed):
Doullut, 1900 shares preferred
A. 7: Doullut, 167 shares common
y. Horace Williams, 1900 shares
ea stock, w. Horace Williams, 49,
49, common stock; Paul Doullut, 15Ot
80 preferred stock. Paul Doullut, IS,
<f.Rs eommon stock; Louis H. Guerin
ts,s common stock, A. T. Gomila,
an hesses; VIM. A. Movers, A. l.. Tread
,AAkTHuR B. LEOPOLD. Not. Pub
nr,' as Undersigned Recorder of Mort