The herald., 1918-10-31
CHARTERS.

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 ship agents, lightermen, forwarding
agents; to hold stock in other companies; and
generally TO do all such acts and things a.
may be necessary, proper or convenient for
the accomplishment of any OF these objects
and purposes.
ARTICLE Iv.-The capital stock of this
Thirty four thousand DollaSs, divided into
| three hundred forty shares of the par
value of One Hundred $4,000 Dol
lars, per share The amount 1 Of the
] Thousand C$lCO.@pOer Dollars. The whole
| or any portion N SAID stock shall be paid
for in, cashr.or it pay be isSued and de
lyeFed to @4 peIS'h; ffIm or fTGof3ltion for
property owued<6r,c outolled- by such person,
firm or corp6ratioaS forAGSt& fair Value thereof
as appraised by he Board Or. Directors; and
the Board Of Dirsctcts hereinafter created IS
the stock at not less fan tbs par value, for
seem SEE: fair and proferfJ
| ARTICLE V.-An bf the powers Of this
|
! by a Board of three 90 directors. Said
Board of Directors shall be elected annually
/ by ballot, al a stockholders meeting called
| for that purpose on the second Monday in
| July of each year. Cor the next legal day If
| that be a holiday after due notice given to
| the stockholders by mail, at least fifteen
days before the date Of said meeting. Each
holder of stock shall be entitled to one vote
! 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
70 fill all vacancies which may occur or in
any manner arise or be created on the Board
even though no quorum remain at the time
such vacancies are to be filled. Failure to
elect directors the day above specified
shall not dissolve the corporation, but the
directors then in office shall remain in office
until their successors are elected and quail
fy. The board shall elect from their num-
Der a President and a secretary treasurer;
provided that the Board may dispense with
any of said offices, may combine any
of them, may elect such other officers (whO
need not be members of the Board, stock
holders) as they think proper or convenient
for the carrying on of the Company'S bust
ness. and they shall fix the salaries of all
officers, agents and employees. AT any
meeting of the Board OF Directors, any di-
rector absent from the meeting may be rep
resented by any other director, who may
cast the vote OF the absent director accord
ing TO the written instructions, either gen
Board of Directors shall have authority to
make and establish, as well as alter and
amend, all bylaws, rules and regulations
necessary and proper for the support and man
agement of the business and affairs of the
corporation and not inconsistent with this
charter; and they shall have power to au-
thorize the borrowing OF money and the is
suance of notes and the execution of mort
cages and pledges. and generally TO do all
things necessary or convenient for the proper
carrying on of the business of the corporation.
Until the general meeting of stockholders
for election of directors to be held on the
duly qualified successors are elected and in
stalled, the Board of Directors shall be com
posed OF: Terence Smith, z. o. Address.
| il7 Carondelei Street, New Orleans La Viii
liam S. Smith, p. o. Address. 5l7 Caronde-
let Street, New Orleans, La; and Leon ]
Nerges, p. o. Address, $50 Gravier Street,
New Orleans, La. OF these. Terence Smith
shall be President, and William S Smith
ARTICLE VI.-This act of Incorporation
may be changed. modified amended oil
the corporation dissolved by vote of two.
thirds of the entire capital stock present
or represented at a general meeting of the
stockholders convened for such purpose, after
previous notice shall have been given il
! the manner above required to be given of III,
annual meeting of the corporation
ARTICLE VILE this corporation shall
be dissolved, either by limitation or iron
any other cause, its affairs shall be liqui
n dated by three commissioners to be appoint
II ed at the meeting Of stockholders convened
J. for the purpose OF liquidation, and to b,
: | elected by the vote of all the stakeholder
+ voting upon parity. Said liquidators shall
c remain in office until the affairs Of th
:, corporation shall have been fully settled an,
e liquidated. and they shall have full powe
e and authority to transfer and give title L
e all the property and assets of the corpora
/ ton and to distribute the proceeds. In cas-
: of death, disability resignation of one o
; more liquidators, the vacancy shall be file,
by the survivor survivors
II ARTICLE NIII.-No stakeholder shall eve
n be held liable or responsible for the con
j. tracts or faults of said corporation in an,
: further sum than the unpaid balance du
d on the Shares Of stock owned by him, no
e shall any mere infornality in organization
5. have the effect of rendering this charter null
il or OF exposing any stakeholder to any liza
e bility beyond the amount due on his stock
y In order that this charter may serve as til
) | original subscription list, the subscriber
IS hereto have indicated opposite their RESPECTIVE
e signatures the number. of shares Of stock sub
IT scribed for by each of them. There i
lie annexed hereto, to be read in connection
,r herewith, an accurate, detailed and itemize
:, descri2uon' givlng amount, location, extent
II character and state OF improvement togethe
e with statement of values as appraised b.
y the directors, OF certain property to be con
n veyed to the corporation in satisfaction O
,r certain subscriptions to its capital stock
n Thus done and passed at my office at NeV
II Orleans, Louisiana, the day, month an
J. year herein first above written. in the pres
<. ence of Frank Starks and Marion Newman
re competent witnesses, who have hereunto sui
D. scrrbed their names together with me, No
ir tary, and the said apeparers. after due read
Of ing of the whole. Witnesses: Frank Stark.
n. Marion Newman. Original Signed)-Name
lie omitted. WATTS X. LEVERICH, Notar
ID Public.
"a |, the undersigned, Recorder of Mortgage.
10 in and for the Parish of Orleans State {
o. Louisiana, do hereby certify that the Az
$, OF Incorporation of the Putnam & Norman
Inc, was this day duly recorded in my o.
S. flee, in Book 1922, folio -. New Orlean
~ Sept, 1918. (Sighed) EMILE J. LEONARI
Dy Rec.
S. A true copy. WATTS X. LEvERICH. n,
of tary Public.
We Oct. 5-lO-l7-24-3l, Nov 7
It.