The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07
CHARTER.

option and first right to purchase all tn,
, shares of stock to be thus disposed of by
sale, death, resignation otherwise of any
of the stockholders, and shall have a periot
+ of ten days in which TO accept or decline
, said offer
Should the Board of Directors or the stock
) holders decline TO purchase said stock, ther
the stakeholder stockholders who made
the offer to sell or otherwise dispose of The
stock may do SO in any manner and at any
price he they may fit, but each share
OF stock is issued herein upon the condition
, and understanding that no stakeholder shall
make a sale transfer of his stock in viola
ton thereof, and such sale or transfer i
made shall be void, and this Company shal
be under no obligation to list said stock OF
its books or to regard the holder of the GER
tificateS thereof.
ARTICLE NII.-The corporate powers Of
this corporation shall be vested in and eX.
ercised by a Board of Directors composed o.
three stockholders, two of whom shall consti
tute quorum for the transaction OF business
but said Board OF Directors may be in
creased to five by a majority vote of the
outstanding stock at any annual meeting
or at any special meeting of the stOckhold.
erS called for such purpose, and without the
necessity Of any further amendment or al
teration of this charter. The Directors OF
this corporation may vote in person or by
proxy at any meeting OF the Board of DI'
| rectors, and the Board of Directors may dele
gate any of its powers to any officer or
OlIlSGlS OF OlHSE representative OF the NOil-
pany by appropriate resolution to that ef-
feet. The first Board of Directors of this
corporation shall be composed of the fol
lowing: Louis Wieland, William J. Brys-
son, Herman L. Barnett, who shall serve
until the Second Tuesday in October, 1919, or
until their successors elected and quail
fled.
The Directors shall be elected annually by
| the stockholders at a meeting held on the
| second Tuesday of October, in each year after
! date of
be given fifteen days prior to the date of
the meeting, in writing, sent to each stock
holder at his last known place of residence,
or by publication in a daily newspaper at
| New Orleans, at least once, ten days before
said meeting. The Board of Directors may
change the date of said annual meeting to
any other date in October, by written no.
| tice to that effect sent at least IS days be-
| fore the date TO which the said annual meet
| ing has been changed, directed to each of the
stockholders at his last known place of resi-
/ dence or by publication as aforesaid. Each
! stakeholder shall at such annual meeting, or
other meetings, general or special, be en-
| titled in person by proxy to one vote
| for every share of stock owned.
! The election shall be held under such
| rules and regulations as may be from time
| to time determined by the Board of Direc-
| tors. The Directors when elected shall hold
! office for one year or until their successors
| shall have been elected and qualified, and
| failure to hold the annual meeting of stock
! holders or to elect annually the Directors
shall not operate the forfeiture OF this char
| ter any rights Hereunder. The first of
| ficers of this corporation, who shall hold
office until the second Tuesday in October,
! 1919, or until their successors are elected and
qualified. William J. Brysson, President;
| Herman l.. Barnett, Nice-Presdent; Louis
| Wieland, Secretary and Treasurer.
Any vacancy occurring in the Board of Di-
rectors may be filled by the Directors for
the unexpired term. The first Board OF
Directors shall hold office until the second
| Tuesday in October, 1919, until their sue
cessors are elected and qualified. The Sec
rotary of the corporation need not be stock
holder.
| ARTICLE VIII.-This charter or act of
incorporation may be changed, modified al
tered or amended by and with the consent
of two thirds of all the stock at any meet
ing, general special, held for that purpose,
and such amendments may be material or
immaterial, subject only TO Limitation as may
be by law provided, and this corporation shall
have the right and power to increase or de-
crease its capital stock as hereinbefore set
out, and any increase of the capital stock
exceeding the amount herein named as the
amount to which the capital stock may be
increased, may be made by three fourths vote
of all outstanding stock.
ARTICLE IX.-Notice of any and all meet
ings referred to in this charter or required
by law shall be given in the manner pro
vided in giving notices in case of election
unless the same shall have been waived. In
the case of dissolution, liquidation or termi-
nation of this charter by limitation or other
wise, the affairs of this corporation shall be
hquidated by one or more liquidators elected
by the stockholders, who may provide the
number of said liquidators and vest them
with such power and authority as may be
by law permitted; fix the terms and condi.
tons upon which they shall serve, and their
compensation, and provide that in case of the
death or disability of any of the said
hquidators, the remaining liquidators may
fill the vacancy or continue to act on behalf
of the corporation.
ARTICLE Mo stakeholder of this cor
poration shall be liable or responsible for
any acts, contract, debt, default of this
company or of any of its officers, nor shall |
any informality in organization have the ef- |
feet of rendering this charter null and void |
or of exposing the stockholders to any liza
bility beyond the unpaid balance due on The
stock held by them.
ARTICLE XI.-The subscribers hereto have
written opposite their the number of |
shares subscribed for by each of them and
their post office addresses, so that this char
ter may serve as the subscription list
Thus done and signed at the City of New |
Orleans, Louisiana, this 30th day of June |
IVY, IN the presence of Paul E Chasez and |
Walter Revertiga, competent witnesses re- |
siding at New Orleans, State of louisiana |
who have signed these presents, together |
with the said appearers and me, Notary, /
after due reading of the whole
Witnesses: Paul E. Chaser, Walter Re-
vertigo.
Original Signed Names of subscribers
omitted.
(SeaD
WILLIAM J. GUSTE,
Notary Public
/, the undersigned. Recorder of Mortgages.
in and for the Parish of Orleans State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
New Orleans Towing & Lighterage Company,
Inc, was this day duly recorded lin nv
office in Book 1928, Folio 6S2.
New Orleans, Louisiana. July I'd, 1919.
(SigneO EMILE ]. LEONARD, Dy. R.
/ hereby certify that the above and fore
going and attached is true and correct copy
Of the original Act of Incorporation of the
New Orleans Towing & Lighterage Company.
1919 'N'~'
In Witness Whereof, I have hereunto set
my hand and seal this 30th day of June, 1919,
at New Orleans, Louisiana.
WILLIAM ]. GUSTE,
Notary Public.
July H-Aug. 81.
CHARTER OF SOUTHERN SELLING SYN.