The herald., 1919-11-20
CHARTER.

corporation is hereby fixed at the sum
of Ten Thousand (s10,00000) Dollars, to be
hundred 400 shares of the par value
of One Hundred ($100.00) Dollars each.
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
Hundred Thousand 1OO,O00.0O Dollars.
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. majority of whom, either
present in person or represented by proxy
held by another Director, shall constitute
a quorum for the transaction of all bust
ness. The Board of Directors shall elect
annually from their number a President
"A Vice PRESIDENT ana Secretary and
Treasurer. The Board of Directors may
join the offices of Secretary and
Treasurer and may elect one person to
hold both offices, or may elect person
who is not a stakeholder or member
of the Board of Directors for the office
of Secretary.
The first Board of Directors shall con-
sist of Four Stockholders, and shall be
composed of Albert X. Williams, james
Wells, Frank Baiamonte and John s.
Sareussen, with the said Albert r. viii
liams, as President; James Wells as Vice
President, Frank Baiamonte as Secre-
tary, and John S. Sareussen as Treasurer
The pOstoffice addresses of said direct
ors are as follows: Albert r. Williams
2O12 Prytania Street, New Orleans, La.
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. OF
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 Wed.
nesday of October of each year, unless said
day be a 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 statement of the number
of shares of stock which he agrees to take
in the corporation. At all elections, every
stakeholder shall be entitled to one vote
for each share of stock standing in his
name on the books of the corporation, tC
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 mum
Der at a meeting convened for that pur'
pose, after fifteen (15) days writer
notice sent to each stakeholder by mail td
his last known address; said HquidatorS
shall have the authority to wind up the
business and affairs of this corporation
In case of the death of a hquidator,' the
survivors shall appoint stakeholder al
successor to him.
ARTICLE VII.-This charter may bt
modified, changed or altered. or sale
corporation may be dissolved, with the as
sent of stockholders owning two-third:
Of ha n
meeting of the stockholders convened FOL
that purpose. after fifteen Q5) days writ
en- notice shall have been given to eacf
stakeholder. mailed to him at his las
known address.
! ARTICLE VIII-No subscriber fol
stock shall ever be held liable for the con
tracts, faults or debts of said corporation
in any further sum than the unpaid bal
ance, if any, due the corporation on thu
stock for which he has subscribed: mo-
shall any stakeholder ever be held liabl'
for such contracts, faults or debts in any
further sum than the unpaid balance, l
any, on the stock owned by him; nor shall
any mere informality in organization hav'
the effect of rendering this charter null
or rendering any subscriber or stockhold
or liable beyond the unpaid amount, il
any, remaining due on his stock.
ARTICLE IX.-This corporation is or
ganized under the laws of the State o.
Louisiana. and especially Act No. 26I o.
1914 and the subscribers hereto, for them
selves and said corporation, and for II:
officers, directors and stockholders here
by accept as part of this charter, and al
conditions of this corporation, all IN
rights, powers, privileges and immuni
ties granted to corporations. and grantee
to and conferred upon officers. direct
ors and stockholders of corporations by
said laws and said act; said acceptance
being as fall, complete binding as i
said rights powers, privileges and immu
mites were set forth at full length II
this instrument.
Thus done and passed, in my Notaria
Office. in the City of New Orleans afore
said. i'm the presence of George III. Terri
berry, and Thomas Joseph .Dobbins
competent witnesses of lawful age, ant
residing in this City, who hereunto sup
scribe their names, together with salt
PARTIES and me, Notary, on the day ant
date set forth in the caption hereof:
Original Signed: George II. Terriberry
Names of Subscribers omitted:
w. w. YOUNG,
Notary Public.
T. the undersigned Recorder Of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing act of tncorpOra
ton of the Gulf and International Steam
ship Co., Inc," was this day duly RECORDED
/, in my office, in Book 1921. Folio -.
! New Orleans, October 18th, 1919.
| (Signed) EMILE J. LEONARD, Dy, X.
w. w. YOUNG,
Notary Public.