The herald., 1920-07-08

LINE. Nc. or LOUISIANA.
United States IF America. state Of
/ Louisiana. Parish Of orleans. city Of
New Orleans. BE it known. that on this
18th day of the month Of ApriI. IN the
year Of one thousand min" hundred
and twenty. before me. Henry l.. Dart,
Jr.. Il notary public. duly commissioned
AMI sworn in and for the Parish Of
orleans and city of New Orleans,
| therein residing. personally came and
appeared the persons whose names are
| h'r"unto subscribed. who declared that,
awaiting themselves of the provisions
of the laws of the state, relative to
| the organization of corporations. they
have COvenanted and agreed and do.
/ 10y these presents. covenant and agree.
/ bind. form and constitute themselves.
| a. well as such other persons who may
I hereafter join or become associated
with them. into a corporation and body
| polite in law for the objects and pur-
pos-S and under thu agreements and
| StpulationS following, to-wit.
ARTICLE 1.-The name and style Of
this corporation shall br French Amer
! lean Line. Inc. of Louisiana. and I'M
all the rights. advantages and privil-
rGes granted by law To corporations .
ntnr years. il shall have power To con-
tract. Su" and be sued in its Corpor-
ate name, To make and U.s., 4 COTpOr-
ate seal. and the same To break or
alter at pleasure, to hold receive, pur-
"hdS". convey, mortSdSc. hNpOthcCdtc
or pledge property, both real and per
>onal. To issue bonds. notes and other
ohllSdtonS: To purchase, acquire and
own stocks. bonds and securities in
! other corporations. to hav" ami en-
ploy managers, directors. officers
agents and other employees. a. the
/ interests and convenience" of said cor
p"rdtIon may require, and Ia make and
establish such bylaws. rules and regu-
'at!onS Tor the corporate management
aud control of the affairs Of SAID cor
poration. aS may De deemed necessary
ana "NPcdi"nt.
said corporation shall he in IN" city
! of New Orleans Parish Of Orleans
| state OF Louisiana, and citation ana
INC lr-ai process Shail he serve" on
! the Nicc-Presidcnt. In case of the
death of the President Of this corpor-
a AT OF IN me event Of his inability
! tiunS shall devolvr upon and he full
filled 10y the Vice-PrrSideut
! ARTICLE III.--The objects and pur-
poses for which this corporation is or
! "aniZed and the nature of the bust
ness {" 10" carried on by il are hereby
declared To he: To construct purchase
Quarter. lease. -hir" or otherwise ac-
ana operate. steamships. steam boats
t"wboats. ferry boats. sailing vessels
| narSeS ana other water craft of what
ever description for transportation
ana t"wa@e of freight and passengers
for hire and to engage in Il general
transportation business. upon and be-
tween places on rivers lakes, BAYS and
other waters and upon high seas and
to ports and places in foreign couu-
Tries, ana 1" carry on 4 general eN-
press business in connection with the
/ operation of said vessels: To construct
purchase. lease. hire or otherwise. aC-
! HulrG warehouses. landing places
canals. docks. WharvcS. and other facU-
ties and to improve navigation on
/ rivers, hayous and other waters. as the
business OF the company may require:
| 4" construct. hire. lease or otherwise
d'pulr" and to operate dry docks and
H"atlnE docks. suitable for handIiu"
ana repairing vessels. and To build and
repair vessels of every description. 10
construct, purchase, hire. lease or 9TH
trWlSe acquire. and To operate on
| lahu. omnlbuSeS, automobiles. trucks
teams and vehicles of every nature
and description for the TRANSFORMATIONS
OF freight and passengers, to and from
me landing places of the vessels oper-
ated ny SAID company. and such oihrr
/ tnlhlS as the Board of Directors may
| from time to time determine to be nee
cSSarE Tor the business of said com
pahN and generally to do and perform
an lhihSS Sermane and incidental To
or usual in the business and affair
/ heIcinahove authorized
ARTICLE lN.-The capital stock of
| ms corporation is hereby fixed ar no
sum of one hundred and ffty thou
sand dollars C$150.OO0) divided into fif
teen hundred shares of the par value
R.H.h
WhlCh shares shall he paid for i'm cash
/ or IN the purchase or exchange of
nr"hTrtN: and the said capital stock
of Of th "r increased hereafter TO the sum
N"oO,ooOD. All shares of stock shall
hr lull paid and worcestershire No
transfer or stock shall be bindinor
un"n me corporation unless made
upon ITS hooks and all certificates of
Stock shall be signed by such officers
as may be designated by Tho poorI
in,
horauon shall be held upon a conIi-
non precedent and under contract and
ri Erbftmf tbd IN the nature of vested
a,Iu lhat all such stock is so hold
anu possessed subject to the rules ami
PROVISIONS for the transfer of I'M.
hereinafter set OHt tO-wit:
! NndTtS OF stock in this Corporation
HI"Ii De valid until and unless r.
| "hPorIunity has been first afforded the
Sm"b ,r UiueFS OF record at the date of
| tu'n transfer. sale or other alienation
10 purchase such stock at book vaInn
ttuE tNehty-hVe per cent. the value
~ ne dScertalned in the manner mere
| IN prescribed. The right to aonS,ic,,
SAID stock hereby first vested i, u,
ptnef stockholders Of record shall foi
low me stock into any hands to which
! against the holders thereof ujthTn
ninety days from the time any sale
OF tTahSter has been offered to be en.
! tered on the books of the cornorn
| uon. II shall he the dutv Of onT. 80
/ tr5 ~ Suck in TINS corporation who in
80 - vi ueSlres to sell, transfer. alien
| ale OF otherwise dispose of ,le sane
| ~. SIHe Ten days written notice Of sucb
, l.c,n or desire to the Board of Di
| LeSlprS or the corporation who arc
s,ti,E constituted agents " the othac
| nSt,n nt'o'usIS Tor the purpose Of 81 n
! " h,Ie. and said Board IF Dira,torg
Thhan give immediate information
steat t1i, IN writing, to all the other
stockholders of record Before M
rNplration of the ten days from The
ofs"enIbt OF said notice by the Board
oI directors, any shareholder of rec
ond may offer to purchase, and nav
S atIIiire the right to purchase. sa;d
! sIock oy notifying the Board OF Di
aeGtoTs IN writing and thereafter shall
uJipos!t the price OF said stock in cash
Win the corporation on Dr before the
Up rNpira tion of eighty DAYS from tn
Upon the receipt of the first mon
TONED notice, the Board of Directors
s Stall advise the person owning said
STOCK. MS agent or representative. TO
JOIN with said Board in fixing the