The herald., 1919-02-20
CHARTER

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otherwise acquire and own MAINTAIN and
| operate STEAMBOATS,, SAILING vessels pafses
! or other water craft piers. docks. waaTves
I ana sucl lines Of tf4W"ay ~ ANYWAY as
! may DC conFenieH' necessary Or incidental
! 10 any business or enterprise OF Inc corpora
/ tom Win al, necessary St"e-'racNS. l'Son'-
! uVtS' cars urp"ts' ronnl-h'AseS ard oittT
| equipment necessary - me "pgi"ti"n Of the
I >did Fc>seI>, pie's' 9"SNS. N'hfFcS tram
! ways OF fa't"aE: ana '"S rams ,4rf'"'i
: P'"Ei"tA t'd' '"', Nn'P''' anon 'A"i' MT
! without an amendment "i tn'N CaHter' be
/" So"J""" carrier or nave 'ie ''s'' U eNt'-
clse the power OF eminent domain.
Sec. T. To enter into. make, perform and
! carry out contracts of every kind no; con.
| trary to law, with any person, firm, assocja-
! uon or corporation, and 10 carry on any
| other business which under the law IL NAV
! be entitled 10 carry on, which may seem TO
/ the corporation 70 be calculated, directly or
! indirectly. TO effect the aforesaid objects or
either Of them or to facilitate IT in the trans
! action OF It's aforesaid business ~ businesses
! or any part thereof or In the transaction IF
any other lawful business that may be cal
! culatcd, directly or indirectly. to enhance
the value Of or to render profitable any Of
the corporations property or nights and gen.
| t'Hy 10 AoId ana exercise All such Inclden-
| as bowers ana P'i'l!egeS as Te'a'e 10 the
! ""!e''S H"G purposes At'eih ABOVE sci inr,l
% d. 10y 1e "tIeHstaiiE' uSSIu' OF convenient
I ''' eI'0Ni"s Sd'd "hjel'9 anu purposes.
| ARTICLE IN.-Ihc authorized capital
stock OF this corporation is hereby declared
| 100000. which capital stock may be in
| rcascd in the manner provided by Law. TO
| the sum Of Fifty Thousand Dollars ESQ.,
| GOOD The presently authorized stock of
this corporation shall be Represented By one
hundred shares Of the par value Of one hum
/ dred dollars each CSlO0um. The SAID sapi-
tai stock shall be represented by certificates
and shall be personal prepcr.y No transfer
OF said capital stock shpll be binding upon
this corporation. unless made in accordance
with its charter and bylaws and recorded
on the books thereof Before any stock
| holder shall sell or dispose Of his stock in
the corporation, he shall give thirty days
written notice OF his intention so to do to
the corporation, during which thirty DAVIS.
the corporation itself shall have the right
Of purchasing the stock at its book value.
This corporation shall begin business As soon
as Five Thousand Dollars Of its stock is
! subscribed as provided for in section Of act
2o7 Of 1914 The capital stock OF this cor
poration shall be fully paid and uon-asscs-
sable when issued and shall be issued only
for labor done services rendered OF for
property actually received or for cash to
be paid At such times and in such amounts
J.. and after such notice may be determined
, by the Board of Directors
ARTICLE V-AlI ro,yers NJ This c,rp,-,,io,,
sb,u Ia. ,.....I =, II .,,.-.;-.I - III
less than .b-ee each NJ u,b,,, sh,u L,Id j.,
his own name AZ least one sh,rr of Sol
Said BOARD of Directors shall he elected an.
| nuaIIv ON the Second T,qsday in Mach NJ
| Zach year he first sIcr,;o,, "a Inc IN ,be
, wear Nineteen Hundred and Twenty Co5O
All such elections Shall be bv ballot At the
: vision Of two cornn,issionrrs to ne amounted
by the Board Of Directors. and in the absence
. Of any commissioner the President shall
, have power ia ill the place bv anpointnent
and all such elections ~ yraU .s iii r,ae,;,,gs
J of Stockholders. except for the prrnose ~ Il.
, ouidation or dissoIutior, mr. as otberwise re-
Guired bv law. ten davs' no,ice shall he
. given by mailing TO each stakeholder AT his
delivery at New Orleans i he has not desig
mated an address. an announcement stating
the time and place of the meeting Each
! sbareboIder sL,iI hs er.;tle4 - ,,a ,,o, 80
= each share of the STOCK Standing in his n,n'e
on the books of the corpanv "a he cast in
person or bv proxy. and a majority az the
votes cast shall eIect The Road of Direr-
tors shall have full mower to in any vacancy
that NAV occur in the Bo,rd FiI,re N eIect
. Directors an the dav above sheffield sba1I
h NOT dissolve Tho cornor..ior hvt +ba D;rac
e tors then in Office shall remain in office
/. until their successors are elected and mali,
p | fled The notice Of another eIertior shall
r fortbwith he given as above snecified and
| nrovided and shall he continued 70 he given
. mil an election Is held TIE Directo1s If
II their first meeting foIIoving each animal
p election shall elect ron tbeir nrmheT a
le President a Vice.President Secretary and A
To- Treasure, the office of Secretary and Treas
AZ urer NAV be combined in one office IL So
o. desired. thew NAV also elect such other Of
ID Ulcers as thew deem necessary for the nroner
r conduct Of the business The Roard shall
IS also have the right IN unite two or more
,e offices. and the same 10 confer mon one
" person. and shall have power to fix the
70 saIaris OF all officers and ali such other of.
ID ficers and employees as thew nav deem
TO necessary. The BOARD of Directors shall
as have mower 10 make. establish az we'll az
in alter and amend. ali bylaws rules and reV1,.
G. Iations necessary and proper for the supnoTt
Iv and management. of The business and af.
ps fairs of said corporation. and NOT incons;s.
\, tent 9th its charter Said Roard of III.
i. rectors shall have full power through the
President or some other authorized Agent
or AGENTS 70 harrow money and throngb
IS said officers of officer. To- execute mort
81 cages. issue notes bonds or other obligations.
81 in such amount and on such Terms as in
u their Judgment NAV be advanta0eo1s and
II generally ia do ali things reasonable neces-
'e sary for the proper carving on of the busi.
N ness of this corporation. as also to issue and
~ deliver ull.paid shares of stock and bonds
or obligations of this corporation. in nav
e ment OF money borrowed. or money. labor.
u or services and propertv or rights actually
J, received by this corporation, as heretofore
= set forth; and shall have power 10 do ali
+ such acts and things as NAV he necessary
= to carry out the objects and purposes Tor
10 which This corporation is organized A ma
y gority of the Directors shall constitute y
IS Quorum. for the transaction of anv business
IL -, -,ao,;,o ~ n...l L n:-...--.