The herald., 1919-06-19
May 0-June 18th, inc.
CHARTER OF JAHNCKE DRY DOCK q
SHIP REPAIR COMPANY, INC.

leans. Be it known, that on this 9TH day
of the month of March, in the year one
thousand nine hundred and nine1een; oeioi
me, Henry P. Dart, Jr., Notary Publlc, duly
commis sioned and sworn IN and for me fal-
ish of Orleans and City of New Orleans,
therein residing, personally appeared me
persons whose names are neIgum,o ,bern.
selves of the provisions of the laws OF the
State. relative to the organization OF cor
poratons, they have covenanted ana agreeu;
and do, by these presents covenant anu
agree bind form and constitute themselves,
as we'll as such other persons who may mere
after ioin or become associated with them'
into corporation and body polinc IN law
for the objects and purposes ana unoer .he
agreements and stipulations following, TO-
wit:
ARTICLE 1.-The name and title OF this
CORPORATION shall be Jahncke Dry Dock q
Shin Repair Company, Inc, and under TINS
name it shall have and enjoy all the rlgnts'
advantages and privileges granted by law
to corporations; it shall exist ior pe-'V ~
of ninety nine years; it shall have power 70
contract sue and be sued IN It's corPotdts5
name; to make and use corporate seal, anu
the same to break or alter at pleasure "
hold. receive, purchase, convey MOI 'sasSi
and personal: to issue bonds, notes, and other
obligations; to have and employ managers
directors, officers, agents ana otnei IN nf
plovees as the interests and convenience ol
and establish such bylaws, rules and resu,
lations for the corporate management ana
control of the affairs of said corporation aS
NAV be deemed necessary and expedient''
ARTICLE 1.-The domicile of said cor
poration shall be in the City OF New Or-
leans, in this State, and citation anu olnGi
legal process shall be served on the presi-
dent, and in his absence, on the Vlce-PIesl.
dent, In case Of the death OF the president
of this corporation, or in the event or ms
inability to act as such, his duties anu iu ny
tions shall devolve upon and be fulfilled oy'
the ce-president.
ARTICLE III.-The objects and purposes
Cor which This corporation is organized and
the nature of the business to be cafIieo On
! by it are hereby declared to pc: 10 con
| struct purchase, charter, lease, hire OF othel-
wise acquire, and to Manu. EQUIP na'n a.
and operate, steamships, steamboats, tow
| boats, ferry boats, sailing vessels oareeS
and other water craft OF whatever desCrlP
ton, for transportation and towage d
freight and passengers Tor hlre, anu 10 Gu
| gage in a general transportation business
upon and between places on rivers, IakeS'
bays and other waters and upon the hlgn
| seas, and to ports and places IN aolelsn
| countries, ana to carry on a general express
| business in connection with the operation Oh
| said vessels; to construct, purchase lease
| hire or otherwise acquire warehouses;, land
i ing places, canals, docks, wharves. and opleF
| facilities and to improve navigation or NV
| ness of the company may require; 10 con,
struct hire lease or otherwise acquire and
TO operate dry docks and floating DOCKS
suitable for handling and repairing vessels,
and to build, rebuild and repair vessels OF
every description; to construct, purchase
hire, lease or otherwise acquire, and 70
operate on land, omnibuses, AUTOMOBILES
trucks, teams and vehicles of every nature
and description for the Transportation %. Q,
freight and passengers, to and from the
landing places of the vessels operated oy
|; said company, and such other points as tht
. Board of Directors may from time to TIME
determine to be necessary tor the business
. of said company; and generally to DO ant
! perform all things germane as incidental t.
or usual in the business and affairs herein
. above authorized.
ARTICLE IV.-The capital stock OF thi
corporation is hereby fixed at the sum 0
, (s2so, 10000 divided into two thousand fiv
, hundred shares of the par value of one hun
, bred dollars each, which shares shall be pai'
, for in cash or in the purchase OF properly
' and the said capital stock may be increased
to the sum of one million dollars additional
| All shares of stock shall be full paid an.
worcestershire. No transfer of stock shai
/ be binding upon the corporation unless mad
{ upon its books and all certificates OF stoe
|. shall be signed by such officers as may b
v designated by the Board of Directors Al
. stock in this corporation shall be held upo
4 condition precedent and under contract an
n agreement in the nature of vested right
o that all such stock is so held and possesse
. subject to the rules and provisions for tn
n transfer of same hereinafter set out, town.
IN No sale or other transfer of share
j. of stock in this corporation shall be vain
;, until and unless the opportunity mas pee
d first afforded the stockholders OF record q
n the date of such transfer sale or other aiis
4, nation to purchase such stock at book valu'
- plus twenty-five per cent, the value 10
r ascertaiutd in the manner herein PRESCRIBED
10 The right to acquire said stock hereby YES
: ed in the other stockholders OF record sna
I, follow the stock into any hands to which
r, NAV pass and may be exercised against u
y holders thereof within ninety days from II
II time any sale or transfer has been offere
c. TO be entered on the books of the eorpor
lie ton It shall be the duty OF any hold
ct of stock in this corporation who intends :
70 desires to sell, transfer, ALLEVIATE or otherwi
is d spose of same to give ten days written n
t, tice of such intention desire to the Boai
=; of Directors OF the corporaton' VINO "a
"a hereby constituted agents of the said stoc
r holders for the purpose of such notice az
o: said Board of Directors shall give immedia
rd information thereof, in writing, to all u
I'd other stockholders of record. Before the e
~ piration of the ten days from the receipt
a. said notice by the Board Of Directors al
shareholder of record may offer to purcha:
or and may acquire the right to purchase, sa
on stock by notifying the Board of Directors
s. writing and thereafter shall deposit the pr
I'D of said stock in cash with the corporate
nd on or before the expiration of eighty da
ek from the last mentioned date.
x Upon the receipt of the first mention
u notice the Board of Directors shall ADV
r. the person owning said stock, his agent
&C; representative, to join with said Board
OF fixing the value of said stock, which val
Ks shall be established on the basis of the !;
M annual or semi annual statement or rep
" of the corporation and the last monthly tr
=. balance preceding the date of such noti
Ae and the value thus found and estaDiisn
my shall constitute the value and price OF 5:
'n' stock. If within twenty.four hours al
:. such notice, the owner, his agent or rep
=. sentative, does not join with the Board
ny establishing the price of value of the sto
on the Board may proceed without further
= lay TO fix the said value, using the rep
ny and trial balance aforesaid for that p
or pose, which writings are declared to be c.
m elusive evidence for and against all part
on in interest in the premises. whether
a value is established by the joint act OF
.u r. owner, his agent. widow heir or represen
As' five Of by the Board of Directors acting
vp default of the cooperation or said person
tnS persons Upon receipt of the offer or
al ceptance of any shareholder to purchase
''O stock and upon obtaining guarantee sa
.. factory to said Board for the price there
A az, the Board of Directors shall thereupon 9
~. notice thereof to the owner of the stock,
a.. agent or representative, and before the
. .ns piration of the period of eighty days afc
Ien said shall call in the certificate or cert
~ Gates representing such stock and pay
as nrice or value thereof and cause the 81
to be transferred on the books of the I
a.. chaser.