The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-08
EELIN / DRENFOUS.
CHARTER OF MISSISSIPPI SHIPPING
COMPANY, INC.

United States of America, State OF Louis
lana, Parish OF Orleans. Be II known. that
on this oath day Of the month OF March
in the year OF our Lord thousand, nine
hundred and nineteen. Before me, Henry
L. Dart, Jr. Notary Public, duly comnls-
stoned and qualified IN and Tor the Parish
and State aforesaid and in the presence OF
the witnesses hereinafter named and under
signed. Personally came and appeared, the
persons whose names are hereuntc subscribed,
who declared that they are all OF age and
residents OF the City OF New Orleans, State
OF Louisiana, who declared that, aVaIhng
| themselves Of the provisions OF the laws OF
| this State relative 10 the organization OF
corporations, they have formed and organized
and do by these presents form themselves
| into and constitute corporation and body
! polite in law for the objects and purposes
| and under the stipulations and agreements
hereinafter set forth and expressed, which
| they hereby adopt their charter.
! ARTICLE 1.-The name and title OF the
| corporation hereby formed IS declared TO De
lthe Mississippi Shipping Company, Inc, ITS
/ do!nicile shall be N the City OF New OT-
leans, State Of Louisiana, and II shall nave
| and enjoy succession by It's corporate name
| for a period OF ninety nine years from and
/ after date hereof. Citation or other legai
| process shall be served upon the President
and in the event OF his absence or lnaRiIlty
| TO act, from any cause, the same shall pe
| served upon the Nice-President, the Manager,
| the Secretarw, or the Secretary Iea snTer
/ should the latter offices be combined IN one
| person.
| ARTICLE 1.-THE OBJECTS and purposes
| for which THIS corporation is organised and
| the nature of the business to be carried on
by it are hereby declared to be:
! UsD To engage in and carry on a steam
ship business; to own, control and acquire Dy
| lease, charter, purchase, construct or otheT
| wise acquire steamboats,. sailing vessels,
| tugs barges, lighters, vessels and water
craft of all kinds, interests therein, ana
to operate same for the transportation OF
| goods and passengers; also to purchase
build, construct, repair, lease, Setl. convey;
| manage and operate vessels OF All KINDS, anu
all machinery, sappliances and appurtenances'
incidentally necessary or convenient theIetV'
or in any way connected herewith; WIN
also power TO do a towing business and also
TO purchase, own, lease, construct, control
and Operate docks, warehouses, wharVes, dry
docks and dock machinery, appliances and
appurtenances of all kinds, and with power
also to do a general ship-buildng, stevedor-
ing, dockage, warehouse, ship agency snip
brokerage and commits sIon business, Win
power for any and all of the above purposes
to borrow money, and to issue from time 10
time, to any extent, necessary ana convent
ent in the opinion OF the Board OF DIRECTORS
of this corporation, negotiable notes, cou-
mons registered or other bonds or obligations
OF this corporation. and to secure the payment
of the principal and interest on the same oy
mortgage or pledge of all or any part OF the
property, rights, franchises, and privileges
Of the corporation then owned or which may
be thereafter acquired by the corporation
and also with full power to do all things
proper necessary, convenient or incidental 10
; the powers and purposes above expressed
. (2dD To acquire by purchase, subscription
, or otherwise, and to hold, sell, assign, trans
fer, exchange, mortgage, pledge or otherwise
d spose of any shares of the capital STOCK
bonds or other evidences OF Indebtedness
of any other corporation or corporations, as
ISOLATION or associations, domestic or foreign,
. engaged in any business IN which TINS cor
poration may be authorized to engage, or
the ownership of whose securities would be
advantageous or convenient; IN the protec-
ton or promotion of any of the purposes or
interests of this corporation, but only to the
extent authorized by the laws OF the State
of Louisiana.
Il (3d) To carry out all or any part of the
foregoing objects as principal, manager,
factor, agent, contractor Or otherwise, either
alone or in conjunction with any person.
firm, association or corporation, and IN any
part of the world; and in carrying on ITS
business and for the purpose of attaining. or
furthering any of its objects, TO make and
perform such contracts OF any KIND and de-
scription, to do such acts and things, and to
exercise any and all powers as natural
person would lawfully make, perform, do or
otherwise, provided the same be not incon-
sistent with the laws under which this cor
poration is organized.
! | ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum OF
One Hundred Thousand Dollars Sl000O.OO,
divided into one thousand shares Of the par
value of one hundred dollars (SlOOO) each
payable in cash and the capital stock may
be increased hereafter to the sum of One
Million Dollars. No sale or transfer OF this
stock shall be recognized by the corporation
unless and until said stock shall have beer
r first offered il writing to the corporation
, at its book value, as shown by the last an
|. | nual statement, for the and benefit o.
other stockholders, who are hereby granted
| the absolute first right and privilege to pur
. chase same at the price stated and to &C
cept (Which shall be in writing) and pay
therefor within thirty days after such OF
fer shall have been made. The right anC
the rights conferred in this article of thu
charter shall follow the stock into whosoeve
hands it may go. Failure Of the holder o.
!, possessor of the certifcatae of stock to pro
e duce or deliver same shall authorize thu
( corporation to receive in trust the pric
thereof, to cancel such outstanding certi
r ficates on the books of the corporation AM
= issue new certificates therefor. The stool
. so purchased shall be divided among the re
: naming stockholders in proportion to thei
: several holdings and upon payment OF tn
o price thereof Any such stock not desire
e by any stakeholder or stockholders shall b
divided pro rata among the balance of tn
n | stockholders This corporation shall be tn
5 agent of the stockholders specially empow
il cred through its Board of Directors. to en-
II force and carry out all of the foregoing pro
Il visions regarding stock in this corporation
II The substance of these provisions of III
S Charter shall be stated briefly and succinctl
l. upon the face of each certificate Of stoc
It and shall be conclusive notice to all person
s. dealing Herewith.
Vt ARTICLE IV.-All the corporate power
e shall be vested in and exercised by Boar
o of Directors made up of seven stakeholder!
y transacting all business. Said Board ma
i. adort hv-faws rules and rerlations for IN