The herald., 1919-04-24
]. DREYFOUS.
CHARTER OF MISSISSIPPI SHIPPING
CnAIpANY INC

COMPANY, INC.
United States Of America, State OF LOUIS
lana, Parish of Orleans Be it known, that
On this oath day OF the month OF March,
IN the year Of our Lord, one thousand, nine
hundred and nineteen. Before me, Henry
f. Dart, yr, a Notary Public, duly cOnlnls-
stoned and qualified in and Tor the Parish
and State aforesaid, and IN the presence OF
the witnesses hereinafter named and under
signed. Personally came and appeared, the
persons whose names are hereunto subscribed
who declared that they are all OF age and
residents OF the City Of New Orleans, State
Of louisiana, who declared that, avalllng
themselves OF the provisions OF the laws OF
tins State relative TO the organization OF
corporations, they have formed and organized
and do by these presents form themselves
into and constitute a corporation and body
polite in law for the objects and purposes
and under the StipulationS and agreements
hereinafter set forth and expressed, which
they hereby adopt as their charter.
ARTICLE 1.-The name and title OF the
corporation hereby formed is declared to be
the Mississippi Shipping Company, Inc, It's
domicile shall be IN the City OF New Or
leans, State of Louisiana, and 1t shall have
and enjoy succession by its corporate name
for a period OF ninety nine years from and
after date hereof. Citation or other legal
process shall be served upon the President
and in the event OF his absence or lnaDlhty
to act, from any cause, the same shaA De
served upon the Vice President, the Manager,
the Secretarw, or the Secretary Treasurer,
should the latter offices be combined in one
person.
ARTICLE 1.-THE OBJECTS and purposes
for which this corporation is organized and
the nature OF the business to be carried on
by it are hereby declared to be:
QsD To engage IN and carry on a steam
ship business; to own, control and acquire by
lease, charter, purchase, construct or other.
wise acquire steamboats,, sailing vessels,
tugs, barges, lighters, vessels and water
craft OF all kinds, or interests therein, and
to operate same Tor the transportation OF
goods and passengers; also to purchase,
build, construct, repair, lease, sell, convey,
and operate vessels OF all kinds, and
all machinery, appliances and appurtenanceS,
incidentally necessary or convenient thereto,
or in any way connected Herewith; with
also power to do towing business and also
TO purchase, own, lease, construct, control,
and operate docks, warehouses, wharves, dry
docks, and dock machinery, appliances and
appurtenances of all kinds, and with power
also to do a general shp-buildlng, stevedOr-
ing, dockage, warehouse, ship agency, ship
brokerage and commission business, with
power for any and all of the above purposes
to borrow money, and to issue from time to
time, to any extent, necessary and convent
ent in the opinion of the Board of Directors
of this corporation, negotiable notes, cou-
pOns, registered or other bonds or Obligations
Of this corporation, and TO secure the payment
of the principal and interest on the same by
mortgage pledge of all or any part OF the
property, rights, ITdUCulSGS, anu pilNllCSCS
OF the corporation then owned which may
be thereafter acquired by the corporation,
and also with full power to do all things
proper, necessary, convenient or incidental to
the powers and purposes above expressed.
(2d) To acquire by purchase, subscription
or otherwise, and to hold, sell, assign, trans
fer, exchange, mortgage, pledge or otherwise
dispose of any shares OF the capital stock
bonds, other evidences OF Indebtedness
OF any other corporation or corporations, as
4 +y~ fnr atur
engaged in any business in which this cor
poratIon may be authorized to engage, or
the ownership OF whose securities would be
advantageous or convenient: IN the prOtec-
ton or promotion OF any of the purposes or
interests of this corporation, but only to the
extent authorized by the laws of the State
Of Louisiana.
sd To carry out all or any part of the
foregoing objects as principal, manager,
factor, agent, contractor or otherwise, either
alone or in conjunction with any person,
firm, association or corporation, and IN any
part of the world; and in carrying on its
business and for the purpose OF attaining or
furtherlng any of its objects, to make and
perform such contracts OF any kind and de-
scription, to do such acts and things, and to
exercise any and all powers as a natural
person would lawfully make, perform, do or
otherwise, provided the same be not incon-
sistent with the laws under which this cor
poraton is organized.
ARTICLE 11I.-The capital stock of this
corporation is hereby fixed at the sum of
One Hundred Thousand Dollars ($l000O.OO,
divided into one thousand shares Of the par
value of one hundred dollars $4,000 each,
payable in cash and the capital stock may
be increased hereafter TO the sum of One
Million Dollars. No sale or transfer of this
stock shall be recognized by the corporation
unless and until said stock shall have been
first offered in writing to the corporation
at its book value, shown by the last
nual statement, for the use and benefit OF
other stockholders, who are hereby granted
the absolute first right and privilege to pur
chase same at the price stated and to &c
cept (Which shall be in writing) and pay
therefor within thirty days after such of
fer shall have been made. The right and
the rights conferred in this article of the
charter shall follow the stock into whosoever
hands it may go. Failure of the holder or
possessor of the certificate of stock to pro-
duce or deliver same shall authorize the
corporation to receive in trust the price
thereof, 10 cancel such outstanding certi
ficates the books of the corporation and
issue new certificates therefor. The stock
purchased shall be divided among the re-
naming stockholders in proportion to their
several holdings and upon payment of the
price thereof Any such stock not desired
by any stakeholder or stockholders shall be
divided pro rata among the balance of the
stockholders. This corporation shall be the
agent of the stockholders specially empow-
cred through its Board of Directors, to en-
visions regarding stock in this corporation.
The substance of these provisions of the
Charter shall be stated briefly and succinctly
upon the face of each certificate of stock
and shall be conclusive notice to all persons
dealing Herewith.
ARTICLE IV.-All the corporate powers
shall be vested in and exercised by a Board
of Directors made up of seven stockholders,
four OF whom shall constitute a quorum for
transacting all business. Said Board may
adopt bylaws, rules and regulations for the
the company. and may alter, amend and
change the same at pleasure. 1t may ap-
point, hire and discharge all officers, agents
and employees, fix all salaries, and gener-
ally do and perform all things necessary for
the transaction of the business and affairs
of the corporation. Any Directors intending
to be absent temporarily may be represent
ed by written proxy filed with the Board
and notified to the President. Vacancies
occurring in the Board shall be filled by it.
The first Board of Directors shall be COM
posed Of NJ. J. Sanders, New Orleans, La;
T. F. Cunningham. New Orleans. La; R
S. Hecht, New Orleans, La. Theodore Brent,
New Orleans, La; VIM. B. Burkenroad.
New Orleans, La; George Westfeldt. New
Orleans, La; Vim. P. Ross, New Orleans
La; and they shall hold office until the
first Monday following the first Sunday in
May. 1920. and until their successors are
the. company are hereby declared to be
President, Vice-fresident and Secretary,
and the said offices shall be filled by the
said NJ. ]. Sanders, as President, the said
I. F. Cunningham, as Vice President, and
the said R. S. Hecht, as Secretary-Treas-
irer. The office of Treasurer, when and il