The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.
c1.RTER OF LONGO sTEvEDORING
COMPANY, INC.

,,,,,ed States Of America, State of Louis
ia Parish of Orleans, City of New Or
leans. Be 1t known, that on TINS 18th day
" " orr Lord one thousand, nine hundred
I'd nineteen; before me, George Janyier
notary public, duly commissioned and
qualified in and for the state and Parish
ttoresaid and in the presence of the wit
asses herein after named and under
s;gned. personally came and appeared the
srsons whose names are hereunto sub
scribed. all above the age Of majority, who
generally declare that, awaiting themselves
~ the provisions of the laws of the State
of Louisiana relative to the Organization
az corporations, they do hereby associate
and join themselves into and constitute
corporation for the objects and purposes
and under the stipulatiOns hereinafter set
forth.
ARTICLE 1.-The name and title of this
pany, Inc.
ARTICLE 1.-THE dOmicle of the cor-
eorporation is Longo Steyedoring Com
marathon is the City of New Orleans and
Il shall exist and enjoy corporate success
sion under its corporate name for q period
of ninety nine years from and after the
date hereof. 1t shall have the power TO
sue and to be sued, to make and to use
corporate seal and the same to alter and
break at pleasure, to hold, receive, lease
purchase and convey, as well as mortgage
and hypothecate property, real, personal
name and appoint such managers, agents
airectors and officers as its business in
forests may require, and to make and es-
tablish, as well as alter and amend from
time to time, such bylaws rules and
regulations for the proper government OF
the affairs of the corporation as may be
necessary and proper. All citation or
other legal process shall be served accord
ing TO law.
ARTICLE III.-The objects and DUR
noses for which this corporation is or
eanized and established and the nature Of
the business to be carried on by ii are
hereby declared TO be: To engage in n
General stevedoring business to load and
unload ships, steamships, freight cars and
other vehicles OF transportation either un.
dor contract or otherwise; to move and
transport freight or such articles as may
he rendered 1t for transportation; to do
sueh necessary storage as may be in
eidentaI to or required by its business and
Generally to do and perform all things
sa-,inent and incident TO and which may
he nroper and necessary to carry ont and
.,acute the objects and purposes for
which this corporation Is organized.
ARTICLE Iy.-The capital stock of this
eorporation is hereby fixed at the sum of
twa,ty-fye thousand dollars 1885. 900 00l.
divided into and represented by two hun
S,aS and fifty (250) shares OF the par
yslne of one hundred dollars ($t00.O0l
each Such stock shall be paid for ;n
cash or in such installments and at such
time and after such notice to subscribers
"a the Board of Directors may determine
and Ak or same may be issued at not
less than par for labor Done or services
reformed for said corporation or for
nroperty or rights actually delivered to
and received by said corporation.
twenty five thousand dollars 1895. 600. COZ
az the capital stock has been subscribed
for at the time of the passing of this Act
Of Incorporation and this corporation shall
he a going concern and shall be authorized
10 do business as soon at twelve thousand
I've hundred dollars (S12,5UO.OO) Of its
capital stock shall have been paid for.
All transfers Of shares OF the capital
stock Of this corporation shall be made and
entered on the stock book of this corpora
ton and no transfer shall be in any man.
ner binding on the corporation unless so
entered.
Stock in this corporation is issued, ac-
CURED and held by the stockholders I'M
der the following conditions which are
the essence of their rights as stockholders
and which conditions shall be referred to
in the certificates of stock.
No stockholde- shall sell, ALLEVIATE, n.y.
pothecate or otherwise dispose of or en-
cumber his stock until he shall have first
offered the same to the other stockholders
Of the company, which offer shall be made
~ writing to the Board of Directors,
whose duty IL shall be to transmit the
sane to the stockholders Immediately, and
said stockholders shall have seven days
from the receipt of said notice within
which they may purchase at the value
thereof
The value Of the stock for the purpose
aforesaid shall be the same as Is shown
BY the books of the corporation-establish
ed on the basis of the last semi-annuaf
statement of the corporation in connection
Nth tha Nv trfo al haIo In,
smi-annual inventory.
II shall be the duty Of the corporation
to make up and preserve the foregoing
trialbalance and semi-annual and annual
statements for the purposes aforesaid, and
which shall at all times be ojen to the
view Of the stockholders.
Shcrd more than one stakeholder offer
10 buy said stock. the same shall be dis
ubuted among those wishing to purchase
according to their holdings in the cor
po-ation.
In case of the acceptance OF the offer
uader the provisions hereinabove set forth
hesprice therefor shall be paid in cash
within twenty flour hours after such ac-
ceptance.
ARTICLE v.-The capital stock of this
corporation may be increased to not more
than fifty thousand dollars ESQ 0O0.OO) by
vote Of two-thirds of all Of the stock
ARTICLE VI.-All the corporate powers
Oh this corporation shall be vested in and
exercised by a Board of Directors. COM
posed OF fve stockholders a majority of
WON shall constitute a quorum for the
Isnsaction of business. The directors
snsn be elected annually by the stock
hooers at meeting to be held on the
sscond Tuesday Of November in each year.
SAD meetings of stockholders shall be
preceded by three days notice in writing
%m TO each stakeholder at his or her
Isl Known place of residence. Each per-
son tnali be entitled to one vote in per-
~ or by proxy for each share of stock
nea- All elections shall be held under
suen rules and regulations as may be fixed
me Board of Directors. At all meet
n whether of Directors or of stock
ners all questions shall be determined
49,. majority Of those present at such
The Directors, when elected. shall con-
naue In office for one year and until their
80 shall have been duly elected
aa aa quaiined. No failure to elect shall
s,e the forfeiture of this charter or
nent hereunder ANY vacancy occur
an, On the Board Of Directors shall be
No. oy the remaining Directors for the
ssp Ieu term. The Board Of Directors
~ ns election shall elect from among
emoers President, a Vice. President,
ist,ss siy and Treasurer, but this
AN onre may be filled by one per-
s. ne General Manager. subject to the
"a sr OF the Board shall have the right
emr,pvlnt and dismiss the clerks or other
ana =. OF the corporation at pleasure
corrstne interest and business of the
operation may require.
pe,ssiCLn vTI.-The funds of the cor
tina az snail be deposited from time TO
Nv An pank or banks to he selected