The herald., 1919-06-05
CHARTER

shares of the par value of One Hundred
$4,000 Dollars each. The capital stock
of this corporation may be increased, from
time to time, to sum not to exceed One
Hundred Thousand (Sl00000O Dollars on
a wo-thirds vote of the stockholders. Sucn
stock shall be full paid and non-assessable.
All stock of this corporation, provided for
herein or that which may hereafter be IS
sued shall be valid only II signed by the
President and counter signed by the Secre-
tary-Treasurer. All transfers of stock shall
be valid and binding only when made on
the books of the corporation. Before any
stockhoder shall sell or dispose Of his
stock in the corporation, he shall give thirty
days written notice Of his intention SO to
do to the corporation, during which thirty
days the corporation itself shall have the
right OF purchasing the stock at its book
value. This corporation shall begin bust
ness as soon as Five Thousand (S50DO0) Dol
Mars of the capital stock has been subscribed
as provided for in Section 2, Act 267 of the
General Assembly of the State of Louisiana,
for the year 1914.
ARTICLE V.-All the corporate powers Of
this corporation shall be vested in and ex-
ercsed by Board of Directors, to be
composed OF three stockholders each of whom
shall own in his own right at least one full
paid and unpledged share of the capital
stock, TWO members of whom shall cUnsti-
tute 4 quorum for the transaction OF bust
ness. The annual meeting of the Stockhold-
ers shall be held on the 5th of May Of each
year, or the first working day thereafter
| The first election for directors under this
charter shall be had, by ballot at the an
nual meeting of the stockholders 10 be held
| on the 5th OF May, 1920, and annually there
after. Notice of such meeting. in writing
shall be given to each stakeholder by mail,
addressed to his or her last known postof
flee address, at least fifteen days before
| the date of such meeting. At all such
| elections and at all meetings of the stock
| holders, every stakeholder shall be entitled
! to one vote for each share of the stock
! standing in his name on the books of the
] corporation at the date of such election or
meeting: said votes may be cast, in per-
| son or by proxy, the said proxy to be in
| writing, and a majority OF votes cast shall
| elect. All meetings of stockholders and di-
! rectors shall be held at the domicile of the
corporation. unless all the directors shall in
writing consent otherwise.
| The failure to elect directors at the annual
meeting shall not dissolve this corporation
| nor impair its management in any way. but
| the directors then in office shall remain in
| office until their successors are elected and
qualified. The Board of Directors at their
| first meeting following each election shall
| elect from their number President and a
Secretary Treasurer, and the board shall
| have the power to fix the salaries OF such
officers and agents as they deem necessary.
| Vacancies occurring in the board of direc-
! tors may be filled until the next ensuing
meeting OF the stockholders by the remain
| ing directors or director, whether a quorum
| remain not. Special meetings of the
| stockholders may be called by the Board
at any time. and shall be called at the in
stance of the shareholders holding twenty
| five per cent of the stock of the corporation,
and OF all such meetings, notice shall be
| gwen in the manner provided for herein.
| Until the meeting of the stockholders for
election of directors to be held under this
charter. on the 5th of May, 1920, or until
their duly qualified successors are elected
| o,,l met Had = l..
be composed of: Fernin F. Farrell, No.
6322 s. Franklin ST.; Alfred NJ. Farrell, No.
! 652 $ Franklin St; and R. Noble Day, No.
i 632S s. rankin St; all of New Orleans La.
with the said Fernin F. Farrell as President
and the said Alfred NJ. Farrell as Secretary
| Treasurer.
ARTICLE VI-This act of Incorporation
may be modified changed or altered or this
| corporation may be dissolved, or the capital
may be increased in accordance with law
at meeting of the stockholders called for
| the purpose, after notice shall have been
given in writing to each stakeholder, deliv.
| cred TO him personally, mailed by regis.
tered letter to him at the postoffice address
designated by him, at least fifteen Q5) days
prior to the date of meeting
ARTICLE Vino stakeholder shall ever
be held liable responsible for the con
tracts, faults or debts of said corporation
in any further sum than the unpaid balance
due the corporation on the shares of stocl
owned by him, nor shall any mere infor
mality in organization have the effect o.
rendering this charter null or of exposing
stakeholder to any liability beyond the un
paid amount remaining due on his stock.
ARTICLE VIII-The stockholders hav,
respectively written opposite their names TIT
amount of stock in this corporation sub
scribed for by each of them, 50 that th
act may serve as the subscription list Of salt
corporation.
!, Thus done and passed, at my office in tn
, city of New Orleans, on the day and date frs
above written, in the presence of Messrs
Edwin ]. Prinz. and Eugene ]. Mckinney
competent witnesses, who have subscribe,
their hereunto with said appearer
| and me, Notary, after due reading of tn
whole
t Witnesses: Eugene J. Mckinney, Edwi
]. Prinz.
. Original Signed Names omitted.
EDWARD RIGHTOR,
Notary Public
3 I, the undersigned, Recorder of Mortgages
in and for the Parish of Orleans, State @
Louisiana, do hereby certify that the abov
and foregoing Act of Incorporation, of tn
\ Farrell Shipping Co., Inc, was this da
duly recorded in my office, in Book 1928, Foil
> A.
New Orleans, April 26, 1919
EMILE J. LEONARD, D. r.
. Ae '' EDWARD RIGHroR,
Notary Public.
May S-to June IL, inc.