The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07
CHARTER OF NEW ORLEANS ToWAGE
& LIGHTERAGE COMPANY, INC.

! lana, Parish of Orleans City of New Or
leans. Be it known, that on this 30th day
of the month of June, in the year of oul
Lord, One Thousand, Nine Hundred ant
Nineteen, before me, William J. Guste, :
| Notary Public, duly commissioned and quail
| fled, in and for the Parish of Orleans, State
| of Louisiana, and City of New Orleans, there
| in residing, and in the presence of the wit
| nesses hereinafter named and undersigned
personally came and appeared, the several
| persons whose names are hereunto sub
| scribed, who severally declared that avail
! ing themselves of the laws of the State OF
Louisiana, in such cases made and provided
| and more particularly of Act 267 of the Cen
eral Assembly of the State of Louisiana OF
| 1914, relating to the creation, organization,
and formation of corporations, they have
covenanted and agreed, and by these presents
covenant and agree, and bind themselves,
as well as all such other persons as may
hereafter become associated with them, to
form a corporation for the objects and pur-
poses, under the articles and stpulatoins fol-
lowing, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be, New Orleans Towage
& Lighterage Company, Inc, and under its
corporate name it shall have power and au-
thority to have and to enjoy corporate exist
ence for a period of ninety nine years from
date hereof, unless sooner dissolved by Ii
quotation or otherwise; it shall have power to
contract, to sue and be sued, to make and
use a corporate seal, and to alter and break
same at pleasure; to hold, receive, lease, pur-
chase, transfer, assign, convey, mortgage, by
pothecate, pledge or otherwise receive or
dispose of property real, personal and mixed,
corporeal and Incorporate; to issue bonds,
and if desired secure same by mortgage, ny
pothecation or pledge; to buy and hold stock
in other companies incident to the objects
and purposes or to the expension of the in
terests of the corporations; to name and elect
and appoint such managers, agents, directors,
officers its business interests may
require, and to make and establish, alter
and amend, its bylaws, rules and regulations
for its proper government as may be deemed
necessary and proper, and generally to do
any and all things incident to necessary
and proper for the expansion of the business
in which the corporation is engaged.
ARTICLE 1.-This corporation shall be
dOmiciled at the City of New Orleans, in the
State of Louisiana, and all citation or other
legal process shall be served upon the Presi-
dent OF the corporation, and in the event of
his absence on the Secretary, as provided
by law. .,
ARTICLE III.-The objects and purposes
for which this corporation is organized and
created and the nature of the business to
be carried on by it, are declared to be as
follows;
To tow, transport, lighter, move, and
otherwise handle, vessels of all kinds; to
engage in the general business of towing,
transportation, Tightening, and movement by
water of all vessels, on all canals, inland
waterways, lakes, and other bodies of water
natural or artificial, should occasion arise
to move and transport vessels overland.
To buy, sell, repair, build, operate char
ter and rent, vessels, boats, launches and
ships of all kinds and descriptions and ma
terials together with all articles, appliances
apparatus, tools and materials, in any way
relating to the business of constructing, op-
Grating, selling, chartering, renting, repair
ing, buying and building of vessels of all
kinds; and generally to carry on anything
relating to the buying, selling, constructing,
repairing, operating, renting, chartering,
towing, and lighterng of boats
and vessels of all kinds.
To hold, lease, own, operate, shops, ship
yards, repair plants, docks, wharves, ways,
offices, in connection Herewith;
to issue bonds and secure same by mortgage
or otherwise for the carrying on of its bust
ness or incidental to its general purpose; to
mortgage, pledge, exchange, or otherwise dis
pose of stocks, bonds, or other evidences of
indebtedness of other corporations or asso-
Citations, foreign or domestic, engaged in
similar business to this corporation, that
will extend the progress of the business
hereby sought to be conducted; to issue its |
own stocks, bonds or other obligations in |
payment thereof.
To purchase plants, docks, ship yards, |
or other property, real or per |
sonal, necessary and incidental TO the bust
conduct and carry on business in all States |
throughout the United States of America and |
n the Territories thereof, and in all foreign |
countries, and generally to do and perform /
anything accidental to or necessary and |
proper to, or which may carry out the our. |
pose of or extend the interest of this cor. |
poration in the development and growth of |
its business.
ARTICLE 1V-The capital stock of this |
corporation is hereby fixed at the sum of |
twenty Thousand Dollars ($20,OOOO. and |
shal! be divided into and represented bv two
hundred shares of the par value of One Hun.
ired Dollars each; said stock shall be paid |
Ior IN casn or its equivalent provided by
Jaw; ana IN such manner and at such times |
and IN such installments as NAV be pre
'cribed by the Board of Directors This cor.
loration shall become a going concern and
'hall be authorized to commence business as
'oon as Ten Thousand Dollars of its capital
.tock shall have been subscribed for, and
I'VE Thousand Dollars of its capital STOCK
hall have been paid for, as provided bv
aw. ~
ARTICLE V.-The capital stock of this cor.
.oration may be increased to the sum of
ifty Thousand Dollars (SSoOO0OO), by vote
two-thirds of all the stock at a speciaI
netting called for that purpose or at a regu-
ar annual meeting of the corporation
ARTICLE VI-An certificates of stock
'sued by this company shall be signed by
lie President and counter signed by the
ecretary. The stock of this corporation
IN be transferred only on the books of the
and subject to such regulations
I'd iormaiIties as may be prescribed by the
GARD OF Directors from time to time. No ;
ockholder shall be permitted to sell or
herwise dispose OF his stock without first
fering the same in writing TO the other ,
ockholders through the Board of Directors 8