The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-24

lana, Parish of Orleans, City of New Or.
leans Be it known, that this 30th day
Lord, One Thousand, Nine Hundred and
Nineteen. before me, William J. Guste, a
Notary Public duly commissioned and quail
fled, in and for the Parish of Orleans, State
Of Louisiana, and City of New Orleans, there
in residing and in the presence of the wit
nesses hereinafter named and undersigned,
personally and appeared, the several
persons whose names are hereunto sub
scribed, who severally declared that avail.
ing themselves of the laws of the State of
Louisiana, in such cases made and provided,
and more particularly of Act 267 of the Gen
eral Assembly of the State of Louisiana of
1914 relating TO the creation, organization,
and formation of corporations, they have
covenanted and agreed, and by these presents
covenant and agree, and bind themselves,
as we'll as all such other persons may
hereafter become associated with them, to
form a corporation for the objects and pur
poses, under the articles and stipulatoins fol-
lowing, to-wIt:
ARTICLE 1.-The name and style of this
corporation shall be, New Orleans Towage
& Lighterage Company, Inc, and under its
corporate name it shall have power and au-
thority to have and to enjoy corporate exist
ence for a period of ninety-nine years from
date hereof, unless sooner dissolved by Ii
quotation otherwise; it shall have power to
contract to sue and be sued, to make and
use a corporate seal, and 10 alter and break
same at pleasure; to hold, receive, lease, pur-
chase, transfer, assign, convey, mortgage, by
pothecate, pledge or otherwise receive or
dispose of property real, personal and mixed
corporeal and incorporeal; to issue bonds,
and if desired same by mortgage, by
pothecation pledge; to buy and hold stock
in other companies incident to the objects
and purposes or to the expension of the in
terests of the corporation; to name and elect
and appoint such managers, agents, directors.
or officers as its business interests may
require, and TO make and establish, alter
and amend, its bylaws. rules and regulations
for its proper government as may be deemed
necessary and proper, and generally to do
any and all things incident to or necessary
and proper for the expansion of the business
in which the corporation is engaged.
ARTICLE II-This corporation shall be
domiciled at the City of New Orleans, in the
State of Louisiana, and all citation or other
legal process shall be served upon the Presi-
dent of the corporation, and in the event of
his absence on the Secretary, provided
by law.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
created and the nature of the business to
be carried on by it, are declared to be as
follows:
To tow, transport, lighter, move. and
otherwise handle, vessels of all kinds to
engage in the general business of towing.
transportation, Tightening, and movement by
water of all vessels, on all canals, inland
waterways, lakes, and other bodies of water
natural or artificial, should occasion arise
to move and transport vessels overland.
To buy, sell, repair. build, operate, char
ter and rent, vessels, boats, launches and
ships of all kinds and descriptions and ma
terials together with all articles, appliances
apparatus, tools and materials in any way
relating TO the business of constructing, op-
Grating, selling, chartering, renting, repair
ing, buying and building of vessels of all
kinds; and generally to carry on anything
relating to the buying, selling, constructing,
repairing, operating, renting, chartering,
transporting, towing, and Tightening of boats
and vessels of all kinds.
To hold, lease, own, operate, Shops ship
yards, repair plants, docks, wharves, ways,
factories, offices, in connection Herewith;
to issue bonds and secure same by mortgage
or otherwise for the carrying on of its bust
ness incidental to its general purpose: to
mortgage, pledge, exchange, or otherwise dis
pose of stocks, bonds, or other evidences of
indebtedness of other corporations or asso-
Citations, foreign or domestic, engaged in
similar business to this corporation, that
will extend the progress of the business
hereby sought to be conducted; to issue its
own stocks, bonds or other obligations in
payment thereof.
To purchase plants, docks, ship yards,
or other property, real or per-
sonal, necessary and incidental to the bust
conduct and carry on business in all States
throughout the United States of America and
in the Territories thereof. and in all foreign
countries, and generally to do and perform
anything incidental to or necessary and
proper to, or which may carry out the pur
pose OF or extend the interest of this cor
poration in the development and growth of
its business.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum OF
twenty Thousand Dollars ($2O,OMOO, and
shall be divided into and represented by two
hundred shares of the par value of One Hun.
dred Dollars each; said stock shall be maid
Tor IN cash or its equivalent as provided by
law; and in such manner and at such times
and IN such installments as may be pre-
scribed by the Board of Directors. This cor
poration shall become a going concern and
shali be authorized to commence business as
soon as Ten Thousand Dollars of its capital |
stock shall have been subscribed for md |
Five Thousand Dollars of its capital stock |
shall have been paid for, as provided by |
law.
ARTICLE V.-The capital stock of this cor |
1oration may be increased to the sum Of /
Fifty Thousand Dollars ($50,0O00O), by vote |
II two-thirds of all the stock at a special |
Meeting called for that purpose at a regu-
ar annual meeting of the corporation.
ARTICLE Vial certificates of stock
ssued by this company shall be signed by
he President and counter signed by the
secretary. The stock of this corporation
an be transferred only on the books of the
and subject to such regulations
nd formalities as may be prescribed by the
oard Of Directors from time to time. No
tockholder shall be permitted to sell or
therwise dispose of his stock without first
ifering the same in writing to the other
ockholders through the Board of Directors.
a price not exceeding the hootr Va I,,e tbars | ,