The herald., 1920-03-04
CHARTERS.
LATTER OF CUYAMEL STEAMSHIP
'" COMPANY, INC.

day o. ord one thousand nine hundred
Of 'vsntv. and OF the Independence of
s NV United states Of AmrrlCa. the one nun,
the and forty fourth. before me, Alfred
dreo E.umcr. "a Notary Public, duly
CnanISsioucd sworn and qualitled in and
oh .bs parish Of Orleans. state OF Louis
iu aforesaid. and in the presence of the
lann. hereinafter named and under
WIN personally came and appeared the
Sghr.ai nrrsOnS whose names are hereuHto
feIacribed. Who sey"rally declared that.
supu;I;n0 themselves of the provisions of
a'nnhns Of the state of Louisiana in such
te made and provided. they have COW
cassSl and agreed and by these presents
enHanant. ayr" and bind themselves. as
w. III "a All such persons as may hereafter
No'a associated with them. to form Z
pue.noration for the objects and purposes
va under the articles ana stlpulations
ssoIIoying, to-wit:
,pTICLE 1.-The name of this cOrpOra-
IN shall be "Cuyamel Steamship Com
u av Inc" and under its said cor
Pasyh name II shall have power and au-
psn.itr 10 have and enjoy corporate eX-
.I.oncs and succession for the full term
Is ad neriod of uin~ety-nine years from and
as,er the datr hereof TO contract. sue and
10 ,ued. to make and use a corporate
" vi and the SAM to break or alter at
s - 10 hold. receive, lcasS pur-
pr and convey. as well as mortgage
snd bypOtheCat" property, real, personal
"n5 mixed, rs wei aS cOrpOreal and in
-o.para2l. 10 UNn anu Hblu SlbthS anu
So5ds of other corporations; to name
"a annoint such managers, agents, dircc-
g.. and officers a. its business, inter
aSts or convenience may require; and To
maks and establish. as well as alter and
mend from time 10 time. such bylaws,
- and regulations for the proper con
dnct management and regulation of the
oSsirs of said corporation as may be
necessary and proper.
ARTICLE 1.-THE domicile of said cor
,oratiou shall be in the City of New Or
80 State of louisiana, and all eta
,ions or other legal process shall be
ss,yed upon the president of said cor
noration or, in the event OF his absence,
rnon the vice president thereof, or il
nc absence of said officers, upon the
saeretgrys of said corporation.
ARTICLE uI.-The objects and pur-
Doses for which this corporation is Or
gsniSed and established and the nature
N Inc business to he carried on by II are
hereby declared to be: To purchase.
acquire, charter. lease. grant charters OF
and operate steamships, steamboats, and
otber watercraftS between ports of the
United States and foreign countries, and
10 do and perform any and all things and
engage in any and all business pertinent
or Incidental to the powers herein Spe-
ei6calIy above enumerated.
ARTICLE lV.-The capital stock of this
eornoratiOn is hereby fixed at five thou
sand dollars $4,000, divided into and
represented by fifty tJO) shares of the par
value of one hundred dollars (SlOO.OO)
each. The corporation shall become a
going concern and be authorized to do
business when the full amount of its CAPT
tal stock shall have been subscribed and
paid for. The amount to which the cap
itaI stock of this corporation may be IN
creased shall be the sun of three million
dollars $4,000 100000.
ARTICLE V.-AH of the corporate pow
ers of this corporation shall be vested in
and exercised by a board of directors 10
be composed of four "a stockholders TO
be elected annually at Il general meeting
of the stockholders to be held on the FIRST
Tuesday in October in each year, except
ths first board of directors named Ia
this charter who shall hold Office until
the first Tuesday in October, 1922. Three
CD directors shall at all times constitute
A quorum for the transaction of business.
All such elections shall be by ballot and
conducted at the office of the corporation
under such regulations as may be estaD-
Hshed by the Board Of Directors. Notice
of such meeting or Of all stockholders
meetings shall be given in the manner
prescribed by law. and when not so
prescribed then written notice of such
meeting shall be deposited, at least fifteen
u5) DAYS prior to the date of said meet
ing in the post office in the City of New
Orleans. postage prepaid, addressed tC
each stakeholder at his last known resi-
dence or place of business. At all such
elections and at all corporate meetings
each stakeholder shall be entitled TO one
vote for each share of stock standing II
his name on the books of the corpor
alton, to be cast by him in person or by
his written or printed proxy and a ma
jority of the votes east shall elect. AM
vacancy occurring among the Director
Of said corporation by death, resignation
or otherwise shall be filled by election 10
the unexpired term by the remaining di
~rectors. Failure to elect directors on tn
Aav ahnva SnapinpH shall not dissolve TN
corporation nor impair its corporate eX
istence and management, nut the ulrec
tors then in office shall remain in OF
fee until their successors are elected an'
qualified. The board of directors at IT
first meeting shall elect from its owl
number a president, "A yice-president, (
secretary and a treasurer or one person q
act as both secretary and treasurer, elthe
Of whom may or may not be a membe
Of said board. The board of director
may from time to time name and appoin
all such other officers and agents as
may deem necessary for the purposes ant
business of said corporation. Said boar
shall have power and authority to n
and define the duties of every officer AM
employee and all officers and employee
shall hold office and employment at Tn
pleasure of the board. At all meeting
Of said board of directors, each dlrec
tor shall have the right to appoint iron
amongst the directors a proxy to act II
his place and stead. Said Board ma
make and establish. as well as alter an
amend. any and all such bylaws, rule
and regulations necessary ana propel
In It's Judgment for the conduct and man
agement of the business and affairs o
said corporation. The board OF qlrec
tors shall not have power or authority I
borrow money or Incur debts, except 10
current operating purposes, nor TO mort
gage or pledge or otherwise create an
lien upon any OF the property or asset
. Of the corporation except by and VIII
the consent and approval of two-third
G-J) Of all of the outstanding stock Q
the company given at a general nleetln
Of stockholders called for such purpos
or purposes after notice as herein or b
law prescribed. This act of ipcorpora
ton may be modiied changed, altere
or amended, or this corporation may Q
dissolved with the assent of two-third
OF the outstanding stock of this corpoi
alton given and obtained at a generi
meeting OF stockholders convened to
such purposes. or any of them, after ne
uee Of such meeting shall have been give
10 each stakeholder by registered MAJ
addressed to him at his last known plaC
OF residence and deposited in the mails
me United States at least fifteen (1o) day
prior TO the date Of said meeting, III
less other notice be prescribed by law. !
winch event, notice shall be given
conformity to law. Any changes propose
or made In reference to the capital stoC
Of this corporation shah be so made
accordance with the laws in force on Il
subject Of increasing or decreasing n
ospHal stock of the corporation OF II
character hereby created.
ARTICLE vII-Whenever this corpo
? auon may be dissolved, either by limit
Won or from any other cause, its affai
snaii De hquidated by two (2) commi