The herald., 1919-04-17
FELIX ]. DREYFOUS.

FELIX J. DREHFOUS.
Notary Public.
April B May 8.
CHARTER OF MISSISSIPPI SHIPPING
COMPANY, INC.
United States OF America, State OF LOUIS
lana Parish OF Orleans. BE 1t known, that
on this oath day OF the month OF March,
in the year Of our Lord, one thousand, nine
hundred and nineteen. Before me, Henry
F. Dart Jr., a Notary Public, duly couinIs )
stoned and qualified in and for 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 hereunto SUBSCRIBER,
who declared that they are all OF age and
residents OF the City of New Orleans, State
OF louisiana, who declared that, awaiting
themselves OF the provisions OF the laws OF
this State relative to the organization OF
corporations, they have formed and organized
and do by these presents form themselves
into and constitute a corporation and body
polite in law for the objects and purposes
and under the stipulations and agreements
hereinafter set forth and expressed, whch
they hereby adopt as their charter.
ARTICLE 1.-The name and title OF the
corporation hereby formed Is declared to be
the Mississippi Shipping Company, Inc, IT'S
domicile shall be the City OF New Or
leans, State Of Louisiana, and II shall have
and enjoy succession by It's corporate name
for a period of ninety nine years from and
after date hereof Citation or other lega!
process shall be served upon the President
and in the event OF his absence or inability
to act, from any cause, the same snail be
served upon the Vice. President, the Manager,
the Secretarw, or the Secretary Treasurer
should the latter offices be combined IN one
person.
ARTICLE 1.-THE oojects and purposes
for which this corporation is organized and
the nature OF the business to be carried on
by it are hereby declared 10 be:
Qsp To engage IN and carry on steam
ship business; TO own, control ana acquire by
lease, charter, purchase, construct OF other
wise acquire steamboats,, sailing vessels,
tugs, barges, lighters, vessels and water
craft of all kinds, or interests therein, and
to operate same for the transportation OF
goods and passengers; also to purchase
build, construct, repair, lease, sell, convey,
manage and operate vessels Of all kinds, and
all machinery, appliances and appurtenances,
incidentally necessary or convenient thereto,
or in any way connected herewith; with
also power to do 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 shlp-bulding, stevedor-
ing dockage, warehouse, ship agency, ship
brokerage and commission business, with
power for any and all of the above purposes
to borrow money, and to issue from time to
time, to any extent, necessary and convent
ent in the opinion OF the Board OF Directors
of this corporation, negotiable notes, cou'
pons, registered or other bonds or obligations
Of this corporation, and to secure the payment
of the principal and interest on the same by
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 u
the powers and purposes above expressed.
(2d) To acquire by purchase, subscription
or otherwise, and to hold, sell, assign, trans
fer, exchange, mortgage, pledge or otherwise
dispose of any shares OF the capital STOCK
bonds, or other evidences OF indebtedness
OF any other corporation or corporations, as
| ISOLATION OF associations, domestic or foreign
| engaged in any business in which this cor
| poratIon may be authorized to engage, o
| the ownership OF whose securities would b.
| advantageous or convenient: IN the protec
ton or promotion of any OF the purposes o
! interests of this corporation, but only TO IN
| extent authorized by the laws of the Stat
| of Louisiana.
(Sd) To carry out all or any part of tn
| foregoing objects as principal, manager
| factor, agent, contractor or otherwise, elthe
alone or in conjunction with any person
! firm, association or corporation, and in an
part of the world; and in carrying on 1t
business and for the purpose OF attaining o
furtherIng any OF Its objects, to make an
| perform such contracts of any kind and de
| scription, to do such acts and things, and t
| exercise any and all powers a natura
person would lawfully make, perform, do o
otherwise, provided the same be not incou
| sistent with the laws under which this col
poration is organized.
| ARTICLE III.-The capital stock OF thi
corporation is hereby fixed at the sum Q
One Hundred Thousand Dollars (Sl00,0O.OO
divided into one thousand shares OF the pa
value of one hundred dollars $4,000 eacl
payable in cash and the capital stock ma
be increased hereafter to. the sum OF On
Million Dollars. No sale or transfer of thl
| stock shall be recognized by the corporatlo
unless and until said stock shall have bee
first offered in writing to the corporation
at its book value, as shown by the last an
nual statement, for the use and benefit o
other stockholders, who are hereby granite
the absolute first right and privilege to pur
| chase same at the price stated and to &C
| cept (Which shall be in writing) and pa
| therefor within thirty days after such OF
fer shall have been made. The right an
the rights conferred in this article of tn
charter shall follow the stock into whosoeve
hands it may 60 Failure of the holder o
possessor of the certificate of stock to pro
duce or deliver same shall authorize tn
| corporation to receive in trust the prlc
thereof, to cancel such outstanding certi
fcates on the books of the corporation an,
| issue new certificates therefor. The stool
| so purchased shall be divided among the re
naming stockholders in proportion to thel
several holdings and upon payment OF tn
| price thereof Any SuCn STOCK NOT ucsltc
| by any stakeholder or stockholders shall b
| divided pro rata among the balance of tn
| stockholders This corporation shall be tn
agent of the stockholders specially empow
cred through its Board of Directors, to en-
| force and carry out all of the foregoing pro
| visions regarding stock in this corporation
The substance of these provisions of tn
Charter shall be stated briefly and succinctl
upon the face Of each certificate of stoc
and shall be conclusive notice to all person
dealing Herewith.
| ARTICLE IV.-All the corporate power
shall be vested in and exercised by Boar
Of Directors made up Of seven stockholder!
| four of whom shall constitute quorum to
| transacting all business. Said Board ma
adopt bylaws, rules and regulations for tn
government of the business and affairs c
the company, and may alter, amend an
| change the same at pleasure. II may ar
point, hire and discharge all officers, agent
and employees, fix all salaries, and geneI
the transaction of the business and affair
of the corporation. Any Directors intendin
to be absent temporarily may be represent
ed by written proxy filed with the Boar
and notified to the President. Vacancie
occurring in the Board shall be filled by i
The first Board of Directors shall be com
posed of NJ. J. Sanders, New Orleans, La.
T. F. Cunningham. New Orleans, La; +
S. Hecht, New Orleans, La; Theodore Bren
New Orleans, La; George Westfeldt, Ne,
Orleans, La; VIM. P. Ross, New Orlean;
La; and they shall hold office until tn
first Monday following the first Sunday i
May, 1920, and until their successors ar
duly elected and qualified. The officers o
the company are hereby declared to be
President, ice-President and Secretary