The herald., 1919-10-30
CHARTERS.

corporation is hereby fixed at the sum
of Ten Thousand lS1O0O0.O0) Dollars, to be
hundred Q00 shares of the par value
of One Hundred ($lO0.OO) 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 ($10000O.O0) Dollars
ARTICLE V-All 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 i'll person or represented by proxy
held by another Director, shall constitute
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 a person
who is not a stakeholder or a 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 $.
SareuSSen, with the said Albert r. Will
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,
2012 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
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 legal holiday, and then on the
next bank day thereafter. Any vacancy
occurring among the directors by death,
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
stakeholder shall be entitled to one vote
for each share of stock standing in his
name on the books of the corporation, to
be east 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 Gquidators from among their num-
Der at a meeting convened for that pur-
pose after fifteen Q5) days written
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
survivors shall appoint stakeholder as
successor to him.
ARTICLE VII.-This charter may be
modified, changed or altered, or said
corporation 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 Q5) days writ
en- notice shall have been given to each
stakeholder, 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
in any further sum than the unpaid bal
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,
or rendering any subscriber or stOckhold
er liable beyond the unpaid amount, if
any, remaining due on his stock.
ARTICLE IX.-This corporation is Or
ganiZed 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
by accept as part of this charter, and as
of this corporation, all the
rights, powers, privileges and immuni-
ties granted to corporations. and granted
to and conferred upon officers. direct
ors and stockholders of corporations by
said laws and said act; said acceptance
being as full, complete binding as If
said rights, powers, privileges and immu
mites were set forth at full length in
this instrument.
Thus done and passed, in my Notarial
Office, in the City of New Orleans afOre-
said, in the presence of George Il; Terri
berry, and Thomas Joseph Dobbins,
competent witnesses of lawful age, and
residing in this City, who hereunto sub
scribe their names, together with said
parties and me, Notary, on the day and
date set forth in the caption hereof.
Original Signed: George II. Terriberry,
T. J. Dobbins.
Names of Subscribers omitted:
W. w. YOUNG,
Notary Public.
/, the undersigned Recorder Of Mort
cages in and for the Parish Of Orleans,
State of louisiana do hereby certify that
the above and foregoing act Of incorpora-
ton of the "Gulf and International Steam
ship Co., Inc.," was this day duly recorded
in my office, in Book 1881, Folio =.
New Orleans, october 18th, 1919.
(Signed) EMILE J. LEONARD, by, r.
W. w. YOUNG,
Notary Public.