The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-14

PARISH
leans. Be it known, that on this 5Oth day
of the month of June, in the year OF our
Lord. One Thousand, Nine Hundred and
Nineteen, before me, William Ouste' a
Notary Public, duly commissioned and quail
fled, in and for the Parish OF Orleans, State
Of Louisiana, and City of New Organs, there
in residing, and in the presence ot the WIZ
uesses hereinafter named and Undersigned
personally came and appeared, the seVelai
persons whose names are hereunto SUP
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
,9I4 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 we'll as all such other persons as may
hereafter become associated with them, 10
form corporation for the objects and pur-
poses, under the articles ana stiPuldtolhS Ao1-
lowing, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be, New Orleans Iowage
& Iighterage Company, Inc, and under IT'S
corporate name it shall have power ana 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
uuidation or otherwise; it shall have power to
contract, to sue and be sued, to make and
use a corporate seal, and to alter and Ureak
same at pleasure; to hold, receive, lease, pur-
chase transfer, assign, convey, mortgage, ny
nothecate. pledge or otherwise receive or
dispose of property real, personal and mixed
corporal and incorporeal; to issue oonos'
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 to the expension OF the IN
| terests of the corporation; to name and elect
| and appoint such managers, agents, directors,
or officers as its business interests may
require, and to make and establish, after
! 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 or necessary
and proper for the expansion OF the business
in which the corporation is engaged; :,
! ARTICLE II.-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 Presl-
| dent of the corporation, and in the event OF
his absence on the Secretary, as provided
by law.
for which this corporation is organized and
| created and the nature of the business &c
be carried by it, are declared to be as
fellows,
To tow, transport, lighter, move. and
| otherwise handle, vessels of all kinds; &c
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, or 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
| teras together with all articles, appliances
! apparatus, tools and materials, in any way
| relating to the business of constructing, op
| Grating, selling, charterins, renting, repair
| ing buying and building of vessels of all
h. h. and ~ ly RI
relating to the buying, selling, constructing
| repairing, operating, renting, chartering
| Transporting, towing, and Tightening of boat:
| and vessels of all kinds.
| To hold, lease, own, operate, shops, shiI
yards, repair plants, docks, wharves, ways
| factories, 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; L
mortgage, pledge, exchange, or otherwise dis
pose of stocks, bonds, other evidences o.
| Indebtedness of other corporations or asso
| ciatons, foreign domestic, engaged il
| similar business to this corporation, tina
| will extend the progress of the business
hereby sought to be conducted TO issue it
own stocks, bonds other obligations i,
payment thereof.
To purchase plants, docks, ship yards
warehouses, or other property, real per
sonal, necessary and incidental to the bust
ness, and to maintain and operate same; t
COnuuCt ana carry on business IN all state
throughout the United States of America an
in the Territories thereof, and in all foreigl
countries, and generally 10 do and perform
anything incidental to or necessary an,
proper TO, or which may carry out the pur
pose of or extend the interest of this cor
poration in the development and growth Q
its business.
ARTICLE IV.-The capital stock of thi
corporation is hereby fixed at the sum Q
Twenty Thousand Dollars (s20OOo.O0), an
: shall be divided into and represented by tw
, hundred shares of the par value of One Hun
, dred Dollars each; said stock shall be pal
, for in cash or its equivalent as provided b
law; and in such and at such time
and in such iastallments as may be pre-
scribed by the Board of Directors. This col
+, Poration shall become a going concern an
shall be authorized to commence business a
, soon as Ten Thousand Dollars of it's capita
! stock shall have been subscribed for, an
Five Thousand Dollars of its capital stoc
shall have been paid for, as provided b
law.
: ARTICLE V.-The capital stock of this col
! poration may be increased to the sum {
Fifty Thousand Dollars (S5O0O0OO), by vo;
8 of two-thirds OF all the stock at a speci;
meeting called for that purpose or at regt
! lar annual meeting of the corporation
y ARTICLE VI-All certificates of stoc
:. issued by this company shall be signed b
the President and counter-signed by ii
$ Secretary. The stock of this corporatio
can be transferred only on the books of II
corporation and subject to such regulation
{ Board of Directors from time to time.
J stakeholder shall be permitted to sell
: otherwise dispose of his stock without fir.
offering the same in writing to the oths
stockholders through the Board of Director
at price not exceeding the book value there