The herald., 1919-07-17
CHARTER OF NEW ORLEANS T0WAGE
& LIGHTERAGE COMPANY, INC.

lana Parish of Orleans, City OF New Or
leans Be it known, that on this 30th day
of the month of June, in the year OF our
Lord One Thousand, Nine Hundred and
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 came and appeared, the several
persons whose names are f1ereunto sub
scribed who severaly 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 Cen
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 well as all such other persons as 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 period of ninety-nine years from
date hereof unless sooner dissolved by Ii
quidation or otherwise; it shall have power to
contract to sue and be sued, to make and
use a corporate seal, and to alter and break
same at pleasure; to hold, receive, lease, pur-
chase, transfer. assign, convey, mortgage, hy-
pothecate, pledge or otherwise receive or
di spose of property real, personal and mixed,
corporeal and incorporeal; to issue bonds,
and if desired secure same by mortgage, hy-
pothecation pledge; to buy and hold stock
in other companies incident to the objects
and purposes 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 H.-Ths corporation shall be
domiciled at the City of New Orleans, in the
State of Louisiana, and all citation other
legal process shall be served upon the Presi-
dent of the corporation, and in the event of
his absence on the Secretary, as provided
by law. I.
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, lightering, and movement by
water of all vessels, all canals, inland
waterways, lakes, and other bodies of water,
natural or artificial, or 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, charterins, renting, repair
ing. buying and building of vessels of all
kinds; and generally to carry anything
relating to the buying, selling. constructing,
transporting, towing. and hghtering 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
otherwise for the carrying on of its bust
ness or 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,
warehouses, or other property, real or per-
sonal, necessary and incidental to the BUSH
ness, and to maintain and operate same; to
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.
poraton IN the development and growth OF
its business.
ARTICLE 1V.-The capital stock of this
corporation is hereby fixed at the sum OF
Twenty Thousand Dollars ($20,0O0O0), 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 paid
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-
scrfbed by the Board of Directors. This cor.
poration shall become a going concern and
shall be authorized to commence business as
soon as Ten Thousand Dollars of its capital
stock shall have been subscribed for. and
Five thousand Dollars of its capital stock
shall have been paid for, as provided by
law.
ARTICLE V.-The capital stock of this cor
poration may be increased to the sum of
Fifty Thousand Dollars (S50m00), by vote
of two-thirds of all the stock at special
meeting called for that purpose or at regu-
lar annual meeting of the corporation.
ARTICLE vI-.All certificates of stock
issued by this company shall be signed by
the President and counter signed by the
can be transferred only on the books Of the
corDora fiou and e,xhs~rt "a sx,~S. ~>~..i><s~-.