The herald., 1920-09-09
CHARTER.
rHARfER OF THE INTERSTATE TOW
ING AND LITERAGE COM
PANY, INC.

rrited States of America. State Of Lou,
,s,na Parish of Orleans, City of New Or
i.ns Be il known, that on this 9th
Ar Of the month Of August, in the year
n our Lord one thousand nine hundred
,,s twenty, and of the Independence OF
ns tIuted States of America. the one hun
AVID and forty fifth G45th), before me
IN. J. FormentO, a Notary Public, in
,pd for the Parish of Orleans, State OF
Iouisisna duly commissioned and quail.
Asd and In the presence of the witnesses
hsreinafter named and undersigned, per
snsEy came and appeared the several
wr,ons whose names are hereuntO sub
srihed who severally declared, that, avail
iw themselves of the laws of the State OF
louisiana relative to the organization OF
esrporations, they have cOvenanted and
agreed, and do by these presents, covenant
s,d agree and bind and obligate them
sslye, as well as such other persons who
mar hereafter become associated with them
or their Successors. to form and constitute
corporation and body polite in law. foI
he objects and purposes and under the
agreements and StipulatiOns following, to-
vii:
ARTICLE 1.-The name and style of this
orporstisn shall be the Interstate Towing
and nterage Company, Inc, and under
hat corporate name il shall have and en-,
BY law to corporations: ii shall exist fol
4 period Of ninety-nine years (99) from
the date hereof; 1t shall have the power
10 contract to sue and be sued in its cor.
psrate name; to make and use a corporate
val and the same 10 break and alter al
pleasure: to hold, lease, receive, purchase
I'll convey, mortgage or hypothecate
property, both real and personal; to name
and appoint such managers, directors
gents and officers as the interest and con
wnienee Of said corporation may require
and to make and establish such rules and
rguhtions and bylaws as may be neces-
uy for the proper management, conduct
and regulations of the affairs of said cor
partition. and the same to alter and change
pleasure.
ARTICLE 1.-THE domicile of said cor
peration shall be in the City Of New Or
nns Parish OF Orleans, State Of Louisi-
ana, and all citations or other legal pro-
COS shall be served on the President OF
Ne said corporation, and, in case of his
n<ence, upon the Vice President. and, in
use q the absence of both of these Off
cfS upon the Secretary of said corpora
ton
ARTICLE III.-The objects and pur-
eses for which. this corporation is organ
hd are hereby declared to be: To engage
slowing and lighterage; to own and Oper-
."tA bVdts, tugs, DdTktS. pdSstuEtf
ma freight beats, and equipment for
nhcling all commodities to and from
.ps IN harbor; to supply ships with
wl iaei-oil, water and all necessary sup
paes, 70 swn and operate special equip
aeh 70 make repairs to ships while in
W nsvgable harbors and rivers of tn,
United States
RIicLE Iy.-The capital stock of this
~~lporatson Is hereby fixed at the sum Oh
att thousand $3.50, 6OO) dollars, divided
mo nree hundred (300) shares of the par
ase o. one hundred (Si00) dollars each
nca snare to be paid for in such manner
sas board OF Directors may determine
~ amount OF the capital stock may be
49, 'sssu 10 one hundred thousand $500,
~ aeiiars, but in no case shall IL be de-
,sss ~ below the sum of thirty thousand
ssnSi collars. No sale or transfer OF
~ snail be binding upon the corporation
49,. ss made upon its books. and the said
1917 snail be made only upon the sur
NJ sst OF proofs of less or destruction OF
ssla outstanding certificate. and no stock
49, snail be entitled to vote upon any
transferred to him within ten days
reoing any election.
a., aanfiCLE Y.-An the corporate powers
~ sss,aority Of this corporation shall bt
~, n, and the management and con
Rs,,%S us affairs shall be exercised by a
Tar - ~ directors, composed of not less
slsrihaisee tS) and not more than five 81
bsDet ~ 70 be elected annually by
ksISs.." general meeting of the stock
nse,a On the first Wednesday of tn,
!" July Of each year.
p.rsss stockholder shall be entitled. in
eaek sks oy proxy, TO cast one vote for
ShsI, owned by him or her, provided
fer tsr Se standing in his or her name
dirpcso,.e sSys prior to the election. The
esfrs ~ mus elected shall continue in
sorr .t ~, one year. or until their success
euzlifieS nave been duly elected and
AsiI ~ no failure to elect directors
Nsss Any vacancy occnrrina, On said
tlssets,sa s III De filled by the remaining
nsicrs !, 70, on the unexpired term. Said di-
sIeetia, s as at Its first meeting after their
d>nt .'eet out of their number. a presi-
rssprs. 'ee-president, a secretary and
nsy ~ 10y oe.h Of which last two officers
n. s"oihed in one person.
etbll.s OF Directors may make and
"a an h,1wei wei as alter and amend, any
oey nav Sn~s, rules and regulations. that
lat ana sm requisite for the govern
- ala cc.anagement of the affairs of
- Pew. poratlon, and they shall have
keror and authority TO contract debts
olare ssy issue notes, bills of ex-
eerlfar.s ptanees or bonds, execute
Qsafsl 4. ,h ha generally do all things in
sD>1tbn oolects and purposes Of said
MN srS and, moreover, shall have
4Dot5 !. minority to issue and deliver
~ ohl,sss.les OF stock, or bonds, or
vnsnf fos aons of said corporation, in
nesey hs-p property bought, labor done
~ 4 alss.,sis -This act of incorporation
- cerpcfss amended and modified. or
- eeasept ~ "a may be dissolved, with
- npfesspsaa wo-thirds Of the stockhold-
0at purna.a = a general meeting held
naiied - after notice thereof has
o<eckho,S tne last known address OF
: y 6sSe ~ at least fifteen days prior