The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25
CHARTER.
CHARTER OF HERBERT MAY COM
PANl, INC.

lana, Parish of Orleans, City of New Or
leans. BE it known, that on this eighth
day of the month of december, i'll the
year one thousand. nine hundred and nine
teen, before me, Henry L. Dart, JF., Il
notary public, duly commissioned and
sworn in and for the Parish of Orleans
and City of New Orleans, therein reSid-
ing, personally appeared the persons whose
names are hereuntO subscribed, who de-
Clared that, availing themselves of the
provisions of the laws of the State. rela-
tive to the organization OF corporations
they have cOyenanted and agreed, and dC
by these presents, covenant and agree
bind, form and constitute themselves, n
well as such other persons who may here
after join or become associated with them
into corporation and body polite in Law
for the objects and purposes, and under
the agreements and StipulatiOns follow
ing, tOwit:
ARTICLE 1.-The name and style o
this corporation shall be Herbert May
Company, incorporated, and under thi'
name it shall have and enjoy all th'
rights, advantages and privileges granted
by law to corporations, it shall exist fOl
a period of ninety nine years; il shall
have power to contract, sue and be suet
in its corporate name; to make and uS'
corporate seal, and the same to breal
or alter at pleasure; to hold, receive, pur
chase, convey, mortgage, hypotheCate OF
pledge property both real and personal
to issue bonds notes and other obligations
to purchase, acquire and own stocks
bonds and securities i'll other corpora
tons; to have and employ managers, di
rrctOrS, officers, agents and other EN-
ployeeS, as the interests and conyenicnceS
of said corporation may require; and t.
make and establish such bylaws, rules
and regulations for the corporate man
agement and control of the affairs of said
corporation, as may be deemed necessary
and eXpedient.
ARTICIE Tho domipiln of tha said
corporation shall be in the City of New
Orleans, Parish of Orleans, State of Louis
lana, and citation and other legal process
shall be served on the President and III
his absence on the vi e-President. In case
of the death of the President of this cor
pOratiOn, or in the event of his inability
to act as such, his duties and functions
shall deyolvc upon, and be fulfilled by the
Vice President.
ARTICLE III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be;
TO construct, purchase, charter, lease, hir,
or otherwise acquire, and to man, equip
maintain and operate, steamships, steam
boats, towboats ferry boats, sailing YES
sells, bargeS and other water craft OF
whatever description for transportation
and towage of freight and passengers fol-
hire and to engage in general trans
portation business, upon ana between
places on rivers, lakes. Days anu
waters and upon the high seas, to ports
and places in foreign countries, and t.
carry on general express business In
connection with the operation of said YES
sells; to construct, purchase, lease, hire oil
otherwise acquire warehouses, landing
places, canals, docks, wharves and othel
facilities and to improve navigation OIL
rivers, bayous and other waters, as tn,
business Of the company may require; t
construct hire, lease or otherwise acquire
and to operate dry docks and floating
docks, suitable for handling and repair
ing vessels, and to build and repair yes
sells of every description; to construct, pur
chase, hire, lease or otherwise acquire
and to operate on land, omnibuSes, auto
mobiles, trucks, teams and vehicles o
every nature and description for tn
| transportation Of freight and passenger,
| to and from the landing places of the yes
| sells operated by said company, and sue
| other points as the Board Of Director
may from time to time determine to
| necessary for the business of said con
pany and generally to do and perform a
things germane and incidental to. {
usual in, the business and affairs hereil
above authorized.
| ARTICLE IV.-The capital stock of tn
corporation Is hereby fixed at the sum
fifty thousand $50 000.00) dollars, divide
into five hundred shares Of the par vail
of one hundred ($lOOO) dollars eac
which shares shall be paid for In ca
or in the purchase or exchange of pro
erty and the said capital stock may.
. increased to the sum of five hundr
, thousand ($5OO, OOO.OO) dollars addition,
All shares of stock shall be full paid a
non assessable. No transfer Of stock sh
{ be binding upon the corporation unle
' made upon its books and all certificai
of stock shall be signed by such office
r as may be designated by the Board of
3 rectors.
All stock in this corporation shall
q held upon a condition precedent and U
Y der contract and agreement in the matt
:. of vested rights that all such stock Is
e held and possessed subject to the ru
:, and provisions for the transfer OF sa
y hereinafter set out, towit:
ID No sale or other transfer Of sha
of stock In this corporation shall be va
!. until and unless the opportunity has BIZ
= first afforded the shareholders OF rect
y u at the date of such transfer. sale or OIL
e alienation, to purchase such stocks at be
u value, plus twenty-five per cent, the va
u to be ascertained in the manner her
. prescribed. The right to acquire 8
a stock hereby first vested In the OF
= stockholders of record shall follow
- stock into any hands to which 1t may p
:, and may be exercised against the hold
70 thereof within ninety days from the Il
any sale or transfer has been offered
!, be entered on the books of the corpo
:, ton.
&c stock in this corporation who intends
= desires to sell, transfer, ALLEVIATE or oth
~ | wise dispose of the same to give ten ga
written notice of such intention or des
> to the Board of Directors OF the corpo
., ton. who are hereby constituted age
"a of the other stockholders for the purp
20 =, of such notice, and said Board OF
y rectors shall give immediate informal
, thereof, in writing, to all the other sto
! holders of record. Before the expirat
3 of the ten days from the receipt OF
o. notice by the Board of Directors,
shareholder Of record may offer to p
'. chase, and may acquire the right to p
- chase, said stock by notifying the 30
az of Directors in writing and thereal
l shall deposit the price OF said stock
=, cash with the corporation on or Del
b the expiration OF eighty Gays from
10 last mentioned date.
20 Upop the receipt Of the first mentio
10 - notice, the Board Of Directors shall
wise the person owning said stock,
- agent or representative, to join with
" Board In fixing the value OF SAID st'
IN which value shall be established on
w. ", basis of the last annual or semi-anr
III statement or report Of the corporal
- and the last monthly trial balance
vi ceding the date Of such notice, ana
VI value thus found and established s.
constitute the value and price OF
no stock. A..
ae II within twenty -four hours after 8
notice to the owner, his agent or rel
sentative, does not join with the 10
in establishing the price or value OF
stock. the Board may proceed WITH
further delay to fix the said value, u
the report and trial balance aforesaid
that purpose which writings are decls
to be conclusive evidence for and aga
- all parties In interest In the prem
"a whether the value Is established Dy
%, Joint act of the owner, his agent, WIG
NJ - ~ commemorative or by the BE