The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-13
CHARTER.


corporation is hereby fixed at the sum
of Ten Thousand ($10,00000) Dollars, to be
divided into and represented by One
hundred (100l shares Of the par value
Said stock shall be issued only for cash,
and shall be paid for at such times and
in such installments as the board of di-
rectors may direct.
The capital stock of this corporation
may be increased to the sum of One
ARTICLE VAN the corporate powers
of this corporation shall be exercised by
Board of Directors consisting of not
less than three, nor more than five
stockholders, a, majority of whom, either
present in person or represented by proxy
a quorum for the transaction of all bust
ness. The Board of Directors shall elect
annually from their number a President,
Vice President ana a Secretary and
Treasurer. The Board of Directors may
join the offices of Secretary and
Treasurer and 1may elect one person to
hold both offices, or may elect a person
who is not a stakeholder or a member
of the Board of Directors for the office
of Secretary.
sist of Four Stockholders, and shall be
composed of Albert r. Williams, James
Wells, Frank Baiamonte and John S.
Sareussen, with the said Albert r. Will
President, Frank Baiamonte Secre-
tary, and John S. Sareussen as Treasurer.
The postOffice addresses of said direct
ors are as follows: Albert r. Williams,
James Wells, 2027 Chestnut Street, New Or
leans La, Frank Baiamonte, 1921 Cover
nor Nichols Street, New Orleans, and
John S. Sareussen, 1880 Esplanade Ave
nue.. These Directors shall serve until
the third Wednesday of October, 1920 or
until their successors have been duly
elected and qualified. The annual meet
ing of stockholders for the election of
directors shall be held on the third We'd
nesday of October of each year, unless said
day be n legal holiday, and then on the
next bank day thereafter. Any vacancy
occurring among the directors by death
resignation or otherwise, shall be filled
by election for the uneXpired term by the
remaining directors. Each subscriber
hereto sets after his name his pOStoffice
address and a statement of the number
of shares of stock which he agrees to take
in the corporation. At all elections every
for each share of stock standing in his
name on the books of the corporation. to
be cast in person or by his written proxy
A majority of the votes cast shall elect.
ARTICLE Win the event of the
liquidation or dissolution of this cor
poration, the stockholders shall elect
three liquidators from among their num-
Der at a meeting convened for that pur-
notice sent to each stakeholder by mail to
his last known address; said liquidaters
shall have the authority to wind up the
business and affairs of this corporation.
In case of the death of a liquidator, the
shall appoint stakeholder as
to him.
ARTICLE VII-This charter may be
modified, changed or altered, or said
may be dissolved, with the as
sent of stockholders owning two-thirds
of the entire capital stock, at a general
meeting of the stockholders. convened for
that purpose, after fifteen (15) days writ
en- notice shall have been given to each
mailed to him at his last
known address.
ARTICLE VIII.-No subscriber for
stock shall ever be held liable for the con-
tracts, faults or debts of said corporation
ance if any, due the corporation on the
stock for which he has subscribed; nor
shall any stakeholder ever be held liable
for such contracts, faults or debts in any
further sum than the unpaid balance, If
any, on the stock owned by him; nor shall
any mere infOrmality in organization have
The effect of rendering this charter null,
Dr. rendering any subscriber or stockhold-
Pr liable beyond the unpaid amount, If
any, remaining due on his stock.
ARTICLE IX-This corporation is or
yanized under the laws of the State of
Louisiana. and especially Act No. 267 of
1914, and the subscribers hereto, for them
selves and said corporation, and for its
directors and stockholders, here
~ accept as part of this charter, and as
conditions of this corporation, all the
tights, powers, privileges and immuni-
les granted to corporations. and granted
o and conferred upon officers. direct
,rs and stockholders of corporations by
laid laws and said act; said acceptance
,eing as full. complete binding as If
aid rights, powers, privileges and immu-
lities were set forth at full length in
his instrument.
Thus done and passed, in my Notarial
office, in the City of New Orleans afore-
aid, in the presence of George III. Terri
perry and Thomas Joseph DObb1ns,
competent witnesses of lawful age, and
esiding in this City, who hereunto sub
cribe their names, together with said
PARTIES and me, Notary, on the day and
late set forth in the caption hereof.
T. J. Dobbins.
Names of Subscribers omitted.
w. W. YOUNG,
Notary Public.
I, the undersigned Recorder Of Mort
state of Louisiana, do hereby certify that
he above and foregoing act of ineorpora-
ion of the "Gulf and International Steam
hip Co., Inc." was this day duly recorded
n my office, in Book 1921, Folio -.
New Orleans October 18th, 1919.
(Signed) EMILE J. LEONARD, by, X.
A True Copy.
Notary Public.
Oct. 23- Nov. %.