The herald., 1920-07-15
CHARTER.
CHARTER OF GENERAL SHIPPiN"
CORPORATION, INC.

Lord. one Thousand, Mn" luiu,,N ""'
twenty: before me. Frederic {. Marx, I,
Sntary PubIir. duly commissioned and
qualified in and for the stat" ana iarl>h
aforesaid aud IN the presence OF ih' WI
u.s.pS hereinafter mentioned ana uhHrr
stoned personally came and appeared the
uprsoUs whose names are hcreunto sub
srribpd all above the age of majority, VINO
SryrrLlly declare that, awaiting themselves
nf rho provisions Of the laws of the stat"
of Louisiana relative to the organization
of corporations they do hereby associate
and ioin themselves into and constitute q
CORPORATION for the objects ana purposes
and under the stipulatiOns hereinafter =
AETICLE THE name and title of
this corporation Is General shipping 'or-
oETTiG'LE 2.-The domiciIe Of the cor.
puratiou is the city of New orleans ana
it shall exist and enjoy corporate success
sion under its corporate name Tor
a period of ninety nine years from
and after the date hereof. IL shall
nave the power to sue ana bt Sutd
to make and to US" corporate scar anu
the same to altar and break AT pressure
To hold, receive, lease, purchase ana con
vcy as well al III Drtgage aud hNpOiht'at'
property, real personal ana mixed cor
poTeaI and inCOrpOrral, 10 nam" ahd ap,
noiut such managr agents, directors ana
officers as its business interests may re
auire and 10 make aud establish, as wei
rs alter and amend from time 10 tllne'
such bylaws, rules and regulations Tor the
proper government of the affairs oil inc
corporation as may DE necessary ahh
proper. All citation or other legal pro
cess shall be served according TO law.
ARTICLE 3.-The objects and purposes
for which this corporation Is organized and
the nature Of the business 10 be carried Oh
by IL are hereby declared TO be: TO DO /"
general hauling, delivering, and tranSpOr-
tatiOn business by wagon, draI, truck, du-
tomObile, boat railroad car, or other We
hiCles of transportation; to own ana Op-
crate such vehicles Of transportation, anu
I'm nd soil he
neCtiOn with its business or otherwise t.
lease or rent or charter such vehicles
transportation as its business may re-
uuiFe, TO do general forwarding hu>l
ness aud to act as agent or representative
for others In the various states 81 Ia,
Union or in foreign countries; To DuN ana
sell real estate. and to own and operate
the same. and the same TO hyPothecate o.
cucumber. or otherwise, to do StcvedOrInE
to load and unload steamships, freight
ears, and all other vehicles OF tranSpOrtH
ton, to own and operate warehouses, store
houses etc. to act as freight brokers, I,
engage in business as steamship agents. l.
steamboat agents, to do general exporting
and importing business, ana act a. for
warding agent, and to do general commits
sion business, and generally to do and
perform any and all things essential To
or necessary in the conduct of the business
hereinabOyc set forth.
ARTICLE 4.-The capital stock of this
corporation is hereby fixed at the sum %.
Twenty five Thousand ($2J,OOO.OOJ Dollars.
divided into and represented by Two Hun
dred and Fifty Coo shares OF the par
value of. One Hundred Dollars (SlOO.Ou
each. Such stock shall be paid for III cash
or in such installments and at such time
and after such notice to subscribers as the
Board of Directors may determine and fix.
OF same may be issued at not less than
par for labor done or services performed
for said corporation or for property or
rights actually delivered to ana received
by said corporation.
Twenty five thousand Dollars (S2J, 900 OO)
of the capital stock has been subscribed
for at the time of the passing Of this Act
of incorporation and this corporation shall
be "A going concern and shall be authorized
to do business as soon as Twelve Thou
sand Five Hundred Dollars (Sl2,5OOOOl 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 the 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-
quired, and held by the stockholders under
the following conditions which are the es-
sence of their rights as stockholders ana
which conditions shall be referred to i'll
the certificate Of stock.
No stockholder shall sell. or otherwise
dispose of his stock until he shall have
first offered the same to the other stock
holders of the company, which offer SHAH
he made in writing to the Board of Direc-
tors whose duty IL shall be to transmit the
same to the STOCKHOLDERS lmIneuldttlI, dn'
said stockholders shall have seNe ndays
from the receipt of said notice WITHIN
which they may purchase at the 'aiue
thereof
aforesaid shall be the same as Is shown
by the books of the Notwithstanding
ed on the basis of the last semi-annual
statement of the corporation in connection
with the monthly trial balance and the
semi-annual inventory.
II shall be the duty of the corporation
to make up and preserve the foregoing
al-balances and semifinnual and an
nual statements for the purposes aforesaid
and which shall at all times be open to
the view of the stockholders.
Should more than one stOckhOlder otIer
to buy said stock, the same shall be dis
tributed among those wishing to purchase
according to their holdings in the corpor-
alton.
In case Of the acceptance of the offer
under the provisions hereinabOve set forth
the price therefor shall be paid in cash
within twenty four hours after such ac-
ceptance.
ARTICLE 5.--All the corporate. powers
Of this corporation shall be vested In and
exercised by Board of Directors, com
posed of 5 stockholders a majority of
whom shall constitute quorum for the
transaction of business. The directors
shall be elected annually by the stock
holders at a meeting to be held on the list
Tuesday of June in each year. Said
meetings of the stockholders shall be pre-
sent to each stakeholder at his or her last
known place of residence. Each person
shall be entitled to one vote in person or
by proxy for each share Of stock held. All
elections shall be held under such rules
and regulations as may he fixed by the
of Directors or of stockholders. all -ques-
tions shall be determined by majority
Of those present at such meetings.
The Directors. when elected. shall con
tinue in office for one year and until their
successors shall have been duly elected
and qualified. No failure to elect shall
any right hereunder. Any vacancy oC-
curing on the Board of Directors shall
be filled by the remaining Directors foI
the uneNpired term. The Board OF hi
rectors after its election shall from among
its members elect a President. a Secretary
and n Treasurer but this latter office may
be filled by one person.
ARTICLE 6.-The funds of the corpora
ton shall be deposited from time to time
in bank or banks to be selected by tn,
Board of Directors. All checks, notes OF
other instruments drawn, executed or is
sued In the name of the corporation shall
be executed as determined by the BoarC
of Directors. No official shall sign or us
the name Of the corporation except strict
ly in it's concerns.
ARTICLE The first Board Of hi
rectors, who shall serve until their sue
cessors have been legally elected and quail
Titled shall be:
T. II. Lyons. StonewalI Jackson, Georg
Janvier, Lucien +. Lyons, Jr., J. NOrcon
Jackson, Of whom Lucien +. Lyons, Jr
shall be President, j. Norcom Jackson
Treasurer, and George Janyier Secretary
ARTICLE S.-This act of incorporation
may be changed, modified or amended o
the capital stock increased or decrease,
by and with the consent of two-thirds 2
OF all the capital stock.
A change In the objects and purpose