The herald., 1920-09-16
CHARTER.
GARTER OF THE INTERSTATE TOW.
ING AND LITERAGE COM
PANI, INC.

r,,,sd States Of america. State Of Lou
slaua. Parish of Orleans, city or New or-
sans Be il known, that on this Th
ssr AZ the month of August, in the year
aur Lord, one thousand nine hundred
"a twenty, and of the Independence Of
~ United States of America. the one hun
Ard and forty-fifth Q45th), before me
Nm, ]. FOrmentO. Notary Public, In
,nd for the Parish of Orleans, State OF
isaisisna. duly commissioned and quail
~ and in the presence of the witnesses
ss,einaftpr named and undersigned, per
pualy came and appeared the several
,srsons whose names are hereuntO sub
srIbed. who severally declared, that. avail
Ing themselves of the laws of the State of
louisiana relative to the organization of
eorporstions they have covenanted and
agreed. and do by these presents, covenant
ana sgree and bind and obligate them
elves, as we'll as such other persons who
NAV hereafter become associated with them
A. their successors to form and constitute
corporation and body polite in law, Tor
he objects and purposes and under the
agreements and stipulatiOns following, to-
w.t.
ARTICLE 1.-The name and style OF this
eerporstisn shall be the Interstate Towing
snd Literage Company, Inc, ana unuer
hat corporate name il shall have and en-
nv all the rights and privileges granted
h Jaw 10 cOTDOTdllOuhs ohoh NNAot ANa
1 period Of ninety nine years ty9) from
The date hereof il shall have the power
10 contract to sue and be sued in Its cor
porste name; to make and use corporate
seal and the same to break and alter at
pleasure; to hold, lease, receive, purchase
sll convey, mortgage or hypothecate
property both real and personal; to name
and appoint such managers, directors,
sgents and officers as the interest and con
resience OF said corporation may require.
md TO make and establish such rules ana
regulations and bylaws as may be neces-
nary for the proper management, conduct
and regulations OF the affairs OF said cor
porstion, and the same to alter and change
At pleasure.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
kans Parish of Orleans, State OF Louisi-
ana and all citations or other legal pro-
erss shall be served on the President or
he said corporation, and, in case of his
ibsenee. upon the Vice President and, in
case Of the absence OF both Of these Off
Gers, upon the Secretary of said corpora
lon. Il
ARTICLE II.--The objects and pur-
poses for which this corporation Is organ
he'd are hereby declared to be: To engage
Allowing and llghterage; to own and oper-
ate power boats. tugs, barges; passenger
and freight boats, and equipment Tor
.anuAut all W
nips In harbor; to supply ships with
e%l fuel-oil water and all necessary sup
Plies; to ewn and operate special equip
nent 10 make repairs to ships while In
ne navigable harbors and rivers OF th'
United States
ARTICLE Iv.-The capital stock Of this
tofporation is hereby fixed at the sum OF
nirty thousand (S30,6OO) dollars, divided
mto three hundred (S0O) shares of the par
value Of one hundred (SlOo) dollars each.
seA share to be paid for in such manner
me Board of Directors may determine.
me amount Of the capital stock may be
increased TO one hundred thousand (SlOO,
WI collars but In no case shall IL be de-
asssed below the sum of thirty thousand
N@W0) dollars. No sale or transfer OF
soek shall be binding upon the corporation
anless made upon its books, and the said
sahuer shall be made only upon the sur
.ssauer OF proofs of loss or destruction OF
as outstanding certificate, and no stock
aeaer shall be entitled to vote upon any
aafe transferred to him within ten days
PNceoing any election.
AkTiCLE VAN the corporate powers
saa authority Of this corporation shall be
,s ssed In, and the management and con-
Nv ei IT'S affairs shall be exercised by a
,a1a OF Directors, composed of not less
VA. ian mfee t3l and not more than five (2)
hssheiders, TO be elected annually by
ssl lo. a. general meeting of the stock
sae asrs on the first Wednesday of the
oi July Of each year.
.sch stockh0lder snail be entitled, In
eses or by proxy, to cast one vote for
n .h snare owned by him or her, provided
! M, De standing in his or her name
di,.,.h oays prior to the election. The
ssr'ors thus elected shall continue in
ms LOT one year, or until their success
qpsEsassh nave been duly elected and
No T.gI
ek,r..e regarded as forfeiture of this
Sssssf. Any vacancy occurring on said
4 6,sc,. snah De filled by the remaining
ertsss Tor the uneNpired term. Said di-
sjSrs,as snali at its first meeting after their
dent eiect out OF their number, presi-
trtssrs. uee-presidcut. secretary and
both of which last two officers
combined in one person.
ests ss BOARD Of Directors may make and
snd an = as well as alter and amend, any
tks, py laws, rules and regulations. that
nept - eeem requisite for the govern
a. s.ssau management Of the affairs of
\ ne sss corporation, aud they shall have
4 boer3r anu authority 10 contract debts
ehan,s money, issue notes, bills of eX-
nsrtssv.s eeeptances or bonds, execute
163pcfse.s ana generally do all things in
6eporststoe the objects and purposes of said
~, sns and, moreover. shall have
&nn.,s suthority to issue and deliver
sAes stn shares of stock, or bonds, or
hym.ss ngations of said corporation, in
q noasv ier property bought. labor done
hsy n ~, VI-This act of Incorporation
Tia Uttered, amended and modified, OF
u eersaps v.auon may be dissolved. with
n repress.oI TWO thirds of the stockhold
II tai nauea at general meeting held
m m.,s.s.f pose, after notice thereof has
& - sfs.tsoto the last known address OF
&. y ~ dss.oiaer at beast fifteen days prior
.<< es* OF meeting.