The herald., 1919-04-17
CHARTER,
-, AvERA NAVAL STOKES
.akHlbN rnMpANt, 9. & 7 n,,i =

- States. oo,ieans, City OF New vi
tshsss.Gsh OF o hat on this eighteenth
~ Re it known March in the year oi
Vs. me uontn sand, Nine Hundreq a an.
Nts.l 0ne InOt The Independents, Oh An. ..
o n ,a' and o. America, the o4 Ei,- I'm /
bsts States Of Before me, Shai Ia,,,,;s.
rGfsas ry4hird. Public, daily 'G P,rish
- .s,ud, Need Need, in and toE me -, the
ptIan and quall;n residing, ana Il, ,.med
ssstsns, neis,;tnesses heTeinai.e' .nd an.
~ Of the Personally came ,r az here.
Z Fes sadersisneu; whose na'nssa res;dents
- the III Of full age S AM that
fr,h,enbed, md City, wAo u. ~ The State
,Ss Parisn Ives Of the laws Va T and pro-
I'M thens:n such cases ~, nrovisions OF
gslsaisi,na .,,ticularly OF 'I he General As
"a snd p = the Acts. OF o',is;ana for the
ee snd y. State OF L o+,-J and agreed
M o. Inv INV have Governs ..s covenant and
gt these presen''; as we'll as such
y. ,nd D o,ay hereafter 5 Jgr' and constitute
g,ssDSss sith them ody politic IN ~. '4" stipu
sses:se non and pou ;be articles ana sup
crpos.a and under INC forth and expressed
b OSisss ,einaftef SCI he Charter OF tins COZ
ssss' nv adopt as ~ -. q this
.fspoa,, Line Avera Naval
rSliIaa shall DC nnder its said eo'po' sx.
ssdss Ine, and md nd enjoy corporate EIa ,erm
OSSp'mes shsll have .s;on for the lr.t from
- and sncess,y.nine 20 yea, S+ sue
srS.6Od Of mae hereof; to eon'I .nrn,rate
d Eer the oatT ,ake and use a 6rrpk at
- sued, TO mat 70 alter and Dr. ngrrhase
q sad the sd ss' receive, lease and hypo-
-. TO hOiu, as mortg%s' "a mixed.
n ssasey, as real, personal a'a and hold
~ proper, oorporeal; 10 o",'orations: to
ssssssl ana ads n Of other GO, pSr agents,
and p onSTt such manassas i.osss or con-
and ap apst;cers as its O"1 AXE and es-
sssssls and Or,Suire, and 10 n mend, from
sr'ssss nay !. ia as alter ana i.s GA" and regula
TsS.s, IS ~s such bylaws, ru,Ts OF the al
- % t'ns, proper govein"'mnay be neces-
- 70 lid corporation
RGfRt- ds qis e & New ;''5 Orleans
DTiCL.hI he in the Cay y citations and
sdsn sn'i louisiana, and Har al be served upon
ss q d processes shai .rt ~ Of his absence
se tsai ,t or in the even even shall be served
b PI as',s to act then me- who is acting
ih'en" Vice President lion. and in the
hsadsadis bis absence e,rU ., Treasurer.
ttN -, the Seele'" ;erts and purposes
srieIE I :o,pofa, S1 is organized and o6
Inch this corr .'s;ness to be carried %"
.ature Of the pS.clared to be: TO own
4 arc hereby nnerate, and work mines
a..,.,, lease, sen; and to own, lease
.ny and al "A sell lands, timber tui-
sksase, bsy anu stills, sawmills, planning
sstine, tarpens, Ill the by-prOducts OF TIN
lis ETC; ana sss,abIish and lease turPeh.
u; % opefa' ching connected thereWltl'
tm siill: o. ,1 A~ nnerate and lease railToaus,
> esn, puilu, iv,ssels, sailing vessels VI
vsn.vsys, ,g.ter craft that may DC nc
~ nature sr,;on with its business anu
essr N Iii or lease same; 10 eisase
0efs'e = general mercantile business,
d. eonu u'.i. and retail, at any poin,ii "a
Nn No..J and to operate, ouy' sen Vi
pas ees - manufacture machinery Vi ary
kise s.n :s.,,aI,ments; to conduct, ouy' SCI,
fnd M in agricultural property 70
ss " he raising of live Stock OF "
npE .,ne. and to operate, own Oh 80
ga r., \. q manufacturing plant OF business
~ ,..s;alIy prohibited by law 10 AZ
~. !, Attorney-in.fact tor inuiViuuais
Me- ..,;o,s. and as such to cohuuet anS
~ m q hnsiuess for persons or corpofat,gIns'
y. "A nav and sell on commission oI 80
=, aud conduct general e9"ILi., -fnr,I
r,,s,ss: and generally to 60 anu Pe.,o' =. -
:, md all acts or business not eohti"S IL
4, l,xs Of the State OF LOUISIANA anu "a
x 80. herein granted may be exercised
y =, s..;,sss conducted, at any place or
~ ~. hi The said company may see lit SO 10
h without any restrictiohs
S,,s Or Countries. 49,,
StpTrsTF IV-The capital stock of this
...r,tion Is hereby fixed at the sum OF
ssrn1o divided into 1000 shares OF sioo.oO
~ vh;eh said stock shall be paid tor IN
81 az its equivalent, at such time and IN
ma manner as the Board of Directors may
Lsrrine or may be issued at par in pay
mi of property actually purchased and
nj stock 50 issued shall be full paid and
pu,ssessable. All in conformity with and
v,def the restrictions of the presently ex-
isips corporate laws of louisiana. Ihis
,r1ratior shall be authorized to commence
x5p<s and be going concern as soon as
h,y DER cent (5O9d) of its capitdY stock
/ sui,cribed and paid for The shares OF
sssk shall be Transferable only on the books
4 he CORPORATION and no transfer of stock
Aall bt binding or have any effect on this
upn&n, unless and until made upon
10 books The capital stock of this cor
rnhon may be increased to an amount OF
mHnQ0 by vote of two-thirds of all of
k outstanding stock at a meeting of the
stockholders called for that purpose in the
nze manner as provided for the meeting to
ttft Directors.
ARTICLE V--All of the corporate powers
aid corporation shall be vested in and
urcixd BY Board of Directors composed
not less than three nor more than five
fxkhcldefs. Said Directors shall be elect
annually on the third Monday in Janu-
ry-1n each year at a general stockholders
ethng except the first Board, appointed in
ns Charter. who shall hold their offices I'M
he third Monday in January, 1920. All
Ss elections shall be held by ballot and
s'dusied At the office of the corporation.
Mr Of such meeting and of all other
@khaides' meetings shall be given in the
A1hsf prescribed by law, and when not so
noea' then written notice of such meet.
n.i be deposited, at least fifteen Q5)
~ piof 70 the date of such meeting, in
Y psi Office Of the City of Ned Orleans,
SSased 70 each stakeholder at his last
= ~ residence or place of business. At
sash elections and at all corporate meet
wery stakeholder shall be entitled TO
vote for each share of stock standing
. name on the books of the corporation,
~ ~ aH BY him in person or by his writ.
A. He,y, and majority of the votes cast
q ~ eeef Any vacancy occurring among
=. directors BY death, resignation or other
- NAL Be filled by election for the un.
50 'sm BY the remaining directors. A
rs:s 80 elect directors on the day above
= ee snail not dissolve the corporation
npaf its corporate existence or man.
an 's- put the directors then in office
y IMAM in office until their successors
sssisd and qualified. The Road of
~ shall elect President, and one or
NJ 20 exceed four, Vice Presidents,
II = sssretary.T Treasurer. The President
y n.s.rresidents shall be stockholders
/ ss,sss T OF the Corporation, but the
| hs... treasurer may or may not he a
ssoetholder. at the discretion
49, s,d Of Directors. The number Of
kiS,s snall be determined BY the stock.
M, & each. annual meeting. and the
- =. q Nee.Presidents shall he deter.
n 49, yesr BY the Board of Directors
sAs;,v'a !. q Directors shall have power and
| Co. y appoint such agents. manages
81 10 other employees NECESSARY in
q csssss,sns to conduct the bushes, Of
49, 'ss,en, and to give TO such assn,s
/ "a ~ officers and other emplovees So" as
4 Is sy as they may deem necessary