The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-08
CHARTER
CHARTER OF FARRELL SHIPPING
COMPANY, INCORPORATED.


United State, OF America, State OF Louis
lana. Parish Of Orleans, City OF New Orleans
Be it known. that On TINS L6tn day o. April
1919, before me, Edward Rlghtor, NGlaIs
Public duly commissioned and qualified, IN
and for the Parish and State aforesaid, there
in residing, and IN the presence OF the vat
uessts hereinafter named and undersigned
personally came and appeared; the persons
whose names are hcreuntO subscribed, al OF
the full age Of majority and residents oi TINS
city, who scycral.y declared that, ayaiing
themselves of the provisions OF Act NO. p,
Of the General Assembly OF LOUISIANA OF
1914 they do, by these presents, covenant
and agree and bind themselves, as well as
-uch other persons as may become hereafter
associated with hen. IN order 20 form ara
constitute d corporation or body poluc IN
law, for the objects and purposes ana u"ae'
the stIpu.auuas following.
ARTICLE The name and title OF this
corporation sha., be, Farrell Shipping Com,
r,ry Ir..-DuTatei.' II New Orleans, La, and
under mat name it shall have and ENJOY
all the rights, privileges and advantage,
granted by la" 10 corPorauo"sS anu s. s',r.
have the power and authority to ENJOY sue
rr,.j,u and corporate existence tor and dur
ing the period VI ninety nine years from me
date hereof, unless sooner dissolved IN INC
manner hcrgiuafte- provided Tor. SAID cor
yorltl1u shall have power and authority 10
contract. 10 size and be sued; to make and
use 4 corporate seal, and The same 70
break. alter OK amend at pleasure 70 hold,
receive, purchase, convey, denver nor SaSe,
h,gathecatc and pledge any property, real
OF personal, and 10 issue notes and otneT
obligatious NEGOTIABLE instruments or other
evidences of debt; - have and employ such
managers, agents aad other employees as
the interest and convenience OF SAID cor
pora.lon may reqare or demand, and 10 make
and establish such bylaws, rules and Tegu-
latlrns for the corporate management and
control OF its affairs as may be deemed nee
rssary and eTpedIcnt.
ARTICLE 1.-THE dOmicile OF this cor.
IsyIation shall he N the city OF New Orleans,
Parish Of Orleans. state OF louisiana, ana
all citations and other legal process shall!
be served on g, President. IN the event
Of his absence, upon the Secretary reasurer
ARTICLE III-The objects and purposes
for which this corporation IS formed and me
nature OF the business to be carried on by
it are hereby declared to be: To conduct
a freight brokerage and general shipping
and brokerage business; and generally TO
DO all things necessary and proper pertain
ing or incident 10 such business. Said cor
poration shall have power 20 conduct business
in the State Of Louisiana. In the tnited
States and its territories and possessions,
and foreign countries.
ARTICLE IN.-The capital stock OF this
corporation is hereby fsXed at the sum Of
Ten Thousand (SlOmO6OD Dollars, divided
into and represented by One Hundred GOO
shares of the par value OF One Hundred
(SlO00O) Dollars each. The capital stock
of this corporation may be increased, from
time to time, to sum not to exceed One
Hundred Thousand (SlOO000O Dollars on
a wo-thirds vote Of the stockholders Sucn
stock shall be full paid and n-assessable.
All stock OF this corporation, provided for
herein that which may hereafter be IS
sued shall be valid only if signed by the
President and countersigned by the Secre,
ary-Treasurer. All transfers ~ stock shah
be valid and binding only when made on
the books of the corporation. Before any
stakeholder shall sell or dispose of his
stock in the corporation. he shall give thirty
days written notice Of his intention so ia
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 ($5,OOOO) Dol.
lars 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.-Al the corporate powers oi
this corporation shall be vested in and eX,
ercised by a 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 capita
stock, Two members of whom shall const
tute a quorum for the transaction of bust
ness. The annual meeting of the stockhod
shall be held the 5th of May of eacl
wear, or the first working day thereafter
The first election for directors under thi:
CnaTter snail De naQ, by DallOt, at the an
nual meeting of the stockholders. to be hello
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 suci
elections and at all meetings of the stock
holders, every stakeholder shall be entitled
to one vote for each share of the stool
standing in his name on the books of thu
a he Hat NJ ell n
meeting; said votes may be cast, in per
son or by proxy, the said proxy to be il
writing, and a majority OF votes cast shall
elect. All meetings Of stockholders and di
rectors shall be held at the domicile of tn
corporation, unless all the directors shall j
writing consent otherwise.
The failure to elect directors at the annua
meeting shall not dissolve this corporatio
nor impair its management in any way. bu
the directors then in office shall remain i
office until their successors are elected an
qualified The Board of Directors at thei
first meeting following each election sha
elect from their number President and
Secretary Treasurer, and the board sha
have the power TO fix the salaries of sue
officers and agents they deem necessar,
Vacancies occurring in the board of dire
tors may be filled until the next ensuin
meeting of the stockholders by the remain
ing directors or director whether a quoru
remain or not. Special meetings of II
stockholders may be called by the Boar
at any time. and shall be called at the il
stance of the shareholders holding twent,
five per cent of the stock of the corporation
and of all such meetings, notice shall
given in the manner provided for herein
Until the meeting of the stockholders f.
election of directors to be held under tn
charter on the 5th of May 1920. or unit
their duly qualified successors are electe
and installed. the Board of Directors sha
be composed of: Fernin F. Farrell N
6S22 S. Franklin ST.; Alfred NJ. Farrell. N
6322 s. Franklin St; and r. Noble Day, n
652S s. rankin St; all of New Orleans. La
with the said Feruin F. Farrell as Presider
and the said Alfred NJ. Farrell as Secretary
Treasurer.
ARTICLE VI-This act of incorporated
may be modified, changed or altered or thi
corporation may be dissolved, the capts
may be increased in accordance with Law
at a meeting of the stockholders called fc
the purpose, after notice shall have bee
given in writing to each stakeholder, deliN
cred to him personally, or mailed by regis
tered letter to him at the postoffice address
designated by him. at least fifteen (lS) day
prior to the date of meeting.
ARTICLE NII.-No stakeholder shall eve
b. hsld liable or responsible for the con
tracts, faults or debts of said corporation
in any further sum than the unpaid balanc
\ due the corporation on the shares OF stoc
4 owned by him, nor shall hny infor
mality in organization have the effect o
rendering this charter null or of exposing
Stoekholder TO any liability beyond the IN
paid amount remaining due on his stock.
ARTICLE NlII.-The stockholders hav
respectively written opposite their names tn
amount OF stock in this corporation sub
scribed for by each OF them. so that thi
act may serve as the subscription list OF sal