The herald., 1920-06-03
OF PONTCHARTRAIN EN-
CURSION COMPANY, INC.

United States of America State of Lou
isiana. Parish Of Orleans. City of New
Orleans. he il known, that on this 22nd
day of the month of May, in the year
of our Lord one thousand nine hundred
and twenty. before me. John J. Kelley.
Il notary public in and for the parish of
Orleans. state of Louisiana. duly commits
stoned and qualified, and i'll the presence
of the witnesses hereinafter named and
undersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed. who declaring
that desiring to form corporation under
the laws of the state of Louisiana, and
particularly Act 26I of 1914, they have
cOvenanted. agreed and bound themselves
and such other persons IS may hereafter
join with them and their successors to
form Il corporation upon the following
terms. conditions and StipulatiOns, which
the said appearers hereby adopt as their
charter. tO-wit:
ARTICLE 1.-The name of this corpora
ton shall be "Pontchartrain Excursion
Company, Inc" and under such name il
shall have power and authority to con
tract sue and be sued. 20 aave a corpor-
ate seal. to hold, receive, purchase, alien
late sell, mortgage, pledge. hypOthecate
property, real. personal or mixed. to make
and issue bonds, to borrow and lend
money. and to give the necessary security
therefor; to make and establish bylaws.
rules and regulations FOR the management
of its affairs as may be deemed necessary
and proper. and generally shall have and
possess all the powers. rights. privileges
and immunitieS which corporations are
and may hereafter be authorized to pos
sesS under the constitution and laws of
this state. and particularly Act 267 of
1914; it shall have power to vest in its
board of directors all or ITS corporate
powers. subject only to such restrictions
as may be named in this charter.
ARTICLE II.-This corporation, unless
sooner dissolved. shall exist ana continue
for a period of ninety-nine years from
and after the date hereof. Its domicile
shall he in the city of New Orleans.
where all citations or other legal process
shall be served upon the president, or in
his absence on the secretary of the COM
pany.
ARTICLE ITI.-The objects and pur-
poses for which this corporation is
ganiZed. and the business TO be carried
on by it. are hereby declared to be:
To operate for freight and passenger
trade in Lake POntchartran and other
bodies of water adjacent 10 the city of
New Orleans the gasoline propelled boat
LILLIAN D.: to rent. lease and charter
vice and to do and engage in any other
business connected with, growing out of,
germane or incidental to any of the pur-
poses hereinabOve set forth or cOntem-
plated by the charter.
ARTICLE IV.-The capital stock of this
corporation is hereby fiXeG at five thou
sand dollars, divided into flrty (JO) shares,
at the par value of one hundred dollars
each. and all of said stock is to be com
mon stock; said stock shan be paid for
in cash or labor done or property actually
received. This corporation shall have the
right to commence business when fifty
per cent of its capital stock shall have
been subscribed. and the right is reserved
to increase the amount of its capital stock
up to the sum of twen-y Thousand dol
lars. All transfers of stock shall be made
on the books of the company on the sur
render Of the outstanding certificates and
pursuant to such rules as the board of
directors may prescribe.
ARTICLE V.-The business of this cor
pOratiOn shall be managed and all of the
corporate powers shall he vested in
board of three directors, all of whom
shall constitute n quorum for the trans
action of business, to be elected from
among its stockholders at meeting
called for that purpose. The board of di-
rectOrs shall elect from among their num-
Der a president, a vice-president and
secretary-treaSnrer. the office of secretary
and treasurer being combined. The board
of directors shall have full and complete
control of the business affairs and prop
erty of this corporation, and they shall
manage conduct and use TIE same as in
their discretion they may deem best, with
power to appoint all agents clerks and
employees and to fix their compensation.
Any vacancy occurring on the board OF
directors shall be filled by the remaining
members of the board for the unexpired
term.
ARTICLE VI-The first board of d.
rectors of this corporation is hereby fixed
at three in number and shall be com
posed of Anthony DenapOlis, John j. ROuX
and Philip Gihlbach, all of New Orleans,
with the following officers: Anthony
DenapOliS, president; Philip Gihlbach,
vice president; John ]. ROux, secretary
treasurer, which said board shall serve
until the first meeting OF the stockholders
for the election of directors, or until their
successors are elected on the second Tues
day in April, 1921. and annually thereafter.
All elections shall be by ballot and each
share of stock shall be entitled to one
vote. whether cast in person or by proxy.
ARTICLE VII.-This charter may be
changed. altered or amended, and the
corporation may be dissolved or liqui-
dated in the method and manner pointed
out by Act 267 of 1914.
ARTICLE VIII.-No stocSnolder shaii
ever be held liable or responsible for the
contracts or faults of this corporation
in any further sum than the unpaid pal
ance due the corporation on the shares