The herald., 1918-06-13
CHARTERS.
CHARTER OF
o,uJUT WILLIAMS SHIP
The DUIDISG COMPANY, INC.

=, Known, that on inns -oth day OF
BE nantb of April in the year 1i our
he montno thousand nine hundred ana
lord, one ,d of the Independence OF the
aghteen; IS the one hundred ana fOrty-
rnited StatoTe me. Arthuc Il. Leopold, q
secend, gDnbIic duly commissioned ana
sOtary. IN and for the CITY OF New OF
dua1heD1 .rjsh of Orleans, nd therein re
Isans, Par ir tb,, presence OF the wit
siding a an and undgrsigned, personal
nrcsme and appear ,,.rosa n.mes are
TIE 80 subscribed ah' mo stEeralIy de
hereun1 81 syailing themselves of the laws
dared tS Ssata OF Louisiana in such cases
Of the "a provided. they DO, by these
uade anu form themselvCs into corpOr-
present., the following stpulalons
ano.. 1.-The name OF lniS CuIPo SLioli
huS tho "DOullut y Williams snip
shall ue Company. Inc by which name
buidlns oretion Shall have and enjoy cor
alo existence and succession Tor a
pela A. ninety-nine l95D Years, from anu
tern The date hereof, unless sooner us
fftd 'HaccordIng to law; and its dOmiclle
solyeo IN the City Of New orleans. III
bali pe mower TO contract, sue and be
sban 20 make and use a. corporate seal,
sueo, same TO break and alter at pleas
sno TO 70 hold, receive. lease purchase; sen
urei 1av as well as mort gage ana ny
ard et nnder its corporate name. pro-
po'no hotb real and personal; TO bOrro"
peny and lend money, To give anu re-
one'sacurities therefor. TO make ana ap-
eeh Ir, snch managers, directors anu ON
point the interest and convenience OF
cers a-noration NAV require: to make
SAG .abIish such bylaws, rules ana reg
~ a.,ons as may be necessary ana proper
uls VA he same to alter and amend nj pleas
gre ..,ole U-AIl citations and other legal
AIt shall be served on the President
y plv.SJs corporation, and in case or ms
o. Vie upon the Vice President, or the
ap.o,sry- Treasurer thereof.
seSrtiele III.-The objects ana purposes
HunSicb this corporation is formed are
lel 10 be: TO build, make, operate,
oecantsin Inv. sell deal in and with, own,
nIedge and otherwise dispose OF
~ - Vessels. and boats of every nature
~ kind whatsoever together with an
hna..,;aIs articles, tools, machinery ana
hnIlsnces entering into or suitable ana
Rnprsnient for the construction or equip
ev WI, thereof and together with engines.
p lasrs machinery and appurtenances OF
M Kinds, and tackle, apparel ana iuThl-
.s,egs that may be incidental or neces-
LIZ 10 the primary purposes for which
AZ evaporation is formed.
a,ticle IV.-The capital stock of this
..,noratiOn is fixed at one million dollars
r,nSDOOO.OO) which may be increased or
NivcsS as permitted by law. That the
ia canital stock is to be divided into
=. thonsapd 100000 shares of one hun
"a dollars (s100.00) each. of which eight
Aousand $4,000 shares are to be pre-
s.,rsd stock. and two thousand (2,OOO
Ssres common stock, which may be is
ia from time to time by the Board of
n,ectors and as permitted by law, and
he holders of said preferred stock shall
= entitled to receive from the surplus or
~, profits of the corporation yearly
S,r,dend of ten per cent payable annual
" before any dividends shall be paid
~ the common stock. Said dividends on
~ preferred stock of 10 per cent shall
u cumulative. The balance of the net
volts of the company declarable as diyi-
s.pds shall be distributed among the
saders of the common stock. The par
v,lne of the preferred stock, together with
IN unpaid dividends accrued thereon shall
n the event Of dissolution and division
a the assets be paid in full before any
nm whatever shall be paid in liquidation
an account of the common stock and
hereafter the common stock shall be en-
tiled to the entire assets remaining. The
holders of the preferred stock shall have
40 voting powers whatsoever, nor shall
hey be entitled to notice of any meeting
a stockholders of the company. Said
referred stock shall be subject to re-
,demption out of net profits or earned sur
plus at one hundred and five dollars
$4,000 per share, and dividends that
may have accrued thereon at such time or
tine and In such manner as the Board of
Directors may determine.
Subscriptions to said capital stock may
be paid for in cash or in property, and
GOOD will, and as otherwise required by
law.
Article v-All the corporate powers Of
this corporation shall be vested in board
directors, to be composed of five OF
tie common stockholders, who shall be
elected BY the common stockholders on
he first Monday of May of each year, be-
gnning on the first Monday of May, 1913.
The present board of directors shall hold
efiee until the first Monday of May, 1919,
and until their successors shall have been
elected and qualified. The directors shall
elect President. and a Vice President,
and Secretary Treasurer. In case OF
any vacancy occurring on the board from
Death resignation or otherwise, the re-
mining members shall fill the vacancy
until the next election. Three members
q the board Of directors shall constitute
aouorums
The following named persons. to-wit ::
Milton p. Doullut, 400 Egania St, New
orleans La; W. Horace Williams, 1913
.Doullut 500 Egania ST.. New Orleans, La. (;
fthur T. Gomila, 2i35 Fern ST., New Or
kans, La; Louis II. Guerin, Oaklawn,
Ia shall be and are hereby constituted
the first board Of directors. with said
Milton P. Doullut, as President, Paul
Doullut vice-President, and W. Horace
hlllams Secretary Treasurer.
Article Vl1.-An meetings of the stock
holders shall be called after fifteen days
previous notice in writing mailed to each
Heckholder at his post office address.
article VlII.-Whenever this corporation
dissolved, either by limitation or 9TH
'sxise, Its affairs shall be liquidated by
ufee Iquidators, to be selected by the
aoekhoiders after meeting convened for
usl purpose shall have been called.
Arucle lX.-This act of Incorporation
nay be changed, altered or amended. or
Ma corporation may be dissolved, or its
aphai stock increased, as provided for
me laws of this state, after a general
n@ung OF the stockholders shall have
zen called, after fifteen days previous
ie!ice thereof given.
article X.-No stakeholder shall ever
neio liable or responsible for the con-
e's OF said corporation for any further
| IN .han the unpaid balance due upon the
a,es Oh stock. subscribed for, or owned
ann, nor shall any informality in or
sShnauon have the effect of rendering
~ cnarter null or of exposing a stock
st 70 any liability beyond the amount
"suoscription to the stock.
me subscribers hereto have given op-
sne their respective names, the amount
4 4. hNk IN this corporation subscribed
a Wy each OF them, so that this Act of
isiPorauon may also serve as the orig
subscription list Of said corporation.
xaus zone and passed, in the City of
~. Vrieans, on the day, month and year
En,,.rao.e written, in the presence OF
~r a,sn A. Movers and A. L. Treadwell,
/ N Al! witnesses, who hereunto sign
ne Notary. ''iu "ppe"iei anu
Il original signed:
,tsch ponllut, 1900 shares preferred
s,osl. n, r Doullut, 167 shares common
prefs,w' horace Williams, 1900 shares
shsses stock, W. Horace Williams, 1877
shs,es common stock: Paul Doullut. 1900
sh,,ss preierreds stock. Paul DOullut. 1877
/ shs,. common stock: Louis H. Guerin.
Asre ie common stock, 4. T. Gomila,
va common stock.
vi, Illnesses: VIM. A. Movers, A. l.. Tread