The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
Junel7-July -.
CHARTER OF FRENCH AMERICAN
LINE, INC, OF LOUISIANA.

CHARTER OF FRENCH AMERICAN
LINE. INC, OF LOUISIANA.
. United states of America. State of
! Louisiana. Parish of Orleans. City of
/ New Orleans BE il known, that on this
| 2Tth day of the month OF April. IN the
/ year of one thousand nine hundred
! and twenty, before me, Henry 1. Dart;
Jr, notary public, duly commissioned
, ana sworn in and for the Parish OF
! Orleans and City of New Orleans,
therein residing. personally came ana
! appeared the persons whose names are
| hereunto subscribed. who declared that,
awaiting themselves Of the provisions
! of the laws of the state, relative 70
the organization Of corporations, theS
: have Covenanted and agreed and DO,
by these presents. covenant ana agree,
bind. form and constitute themselves,
| as well as such other persons VINO may
! hereafter join or become associated
! with them. into corporation and body
polite in law for the objects ana purI
poses. and under the agreements ana
! StipulatiOnS following, to-wlt.
ARTICLE THE name and style of
| this corporation shall he French Amer
lean Line. Inc, OF Louisiana, ana uh-
der this name il shall have and ENJOY
all the rights. advantages and prlNll-
eyes granted by law TO corporations,
il shall exist for a period of ninety
nine years; il shall have power TO con-
| tract sue and be sued in its corpOr-
ate name: to make and use cOrpor-
ate seal. and the same To break or
alter at pleasure, to hold. receive, pur-
chase, convey, mortgage, hypOthecate
or pledge property, both real ana per
SOnal: TO issue bonds, notes and other
| obligations; to purchase, acquire and
own stocks, bonds and securities IN
other corporations: to have ana en-
plOy mana gers. directors, officers.
agents and other employees. as the
interests and convenience OF said cor
poratiOn may require. and to make and
establish such bylaws, rules and regu-
|
and control of the affairs of said cor
poration. as may be deemed necessary
and eNpedient.
ARTICLE 1.-THE domicile of the
said corporation shall be in the City
of New Orleans, Parish of Orleans,
state of Louisiana, and citation and
the President and in his absence on
| the Nice-PreS ident. In case OF the
death of the President of this corpor-
. alton. or IN the event of his inability
to act as, such. his duties and func-
lions shall devolve upon and be full
, filled by the Vice President
ARTICLE III.-The objects and pur-
poses for which this corporation is or
: Sanized and the nature OF the bust
ness to be carried on by it are hereby
: declared to be: To construct. purchase,
quire, and to man, equip maintain
: and operate. steamships, steamboats,
towboats, ferry boats, sailing vessels
\ barges and other water craft of what
| ever description for transportation
4 and tOwage of freight and passengers
: for hire and to engage in general
A | transportation business, upon and be
o | tween places on rivers, lakes, bays and
: other waters and upon high seas. and
n to ports and places in foreign coun'
" tries. and to carry on general eX
10 press business in connection with the
Il operation of said vessels; to construct
purchase. lease. hire or otherwise ac
y canals, docks, wharves. and other facil
Is tiles and to improve navigation oil
rivers, bayous and other waters, as tn,
n business of the company may require
l. to construct. hire. lease or otherwis
+ acquire and to operate dry docks, an
v floating docks, suitable for handlin:
% and repairing vessels and to build an,
,r repair vessels of every description: L
4, construct, purchase, hire. lease or 9th
y. erwise acquire. and 10 operate OF
land. omnibuses. automobiles. trucks
teams and vehicles of every natur
,r and description for the transportation
ie of freight and passengers, to and fror
is the landing places of the vessels oper
ated by said company. and such othe
III points as the Board of Directors ma
a from time to time determine to be nee
to essary for the business of said com
te pany and generally to do and perforT
e. all things germane and incidental I
Nv or usual in the business and affair
Is hereinabove authorized
nd ARTICLE IV.-The capital stock @
e. this corporation is hereby fixed at tn
ut sum, of one hundred and fifty thou
IS sand dollars $l5O.OOO) divided into fl
of one hundred dollars (s1O0.OO) eacl
r. which shares shall be paid for in cas-
rIoo property, and the said capital stoc
no may be increased hereafter to the SUI
OF three hundred thousand dollar
bs"ofE n no,d All nrS shares Of stock shs
Is, transfer of stock shall be bindin
eey upon the corporation unless mad
he stock shall be signed by such office,
ms as may be designated by the Boar
,al OF directors. All stock in this col
nd ton precedent and under contract ar
he agreement in the nature of veste
Dr. rights that all such stock is so he
cir and possessed subject to the rules ar
all provisions for the transfer of san
he hereinafter set out. to-wit:
% No sale, or other transfer
shares of stock in this corporate
If opportunity has been first AFFORDED II
*, shareholders of record at the date
* such transfer, sale or other alienatic
to purchase such stock at book valu
is, TO be ascertained in the manner her
rst in prescribed. The right to acqui
other stockholders of record shall 70
Dy low the stock into any hands to viii,
u may pass and may be exercis,
for ninety days fror, the time anv sa
III or transfer has been offered to be e.
ire tered on the books of the corpor;
ny tiOh.- II Sndll De the DUTY of any hOli
Ter er or stock in this corporation who IL
ull tends or desires to SELL transfer, aIicl
I've ate or otherwise dispose of the san
es- TO give ten days written notice of SUI
Ely intention or desire to the Board of D
ro- rectors of the corporation. who a
of hereby constituted agents of the oth
I'D stockholders for the purpose Of su
nDt,ce. and said Board Of Dirarto
on shall give immediate informati,
on thereof. in writing. to all the 9th
or stockholders of record. Before ii
Ter expiration of the ten days from ii
receipt of said notice by the Boa
to Oh directors; any shareholder of re
Dr. ora may offer to purchase and m,
ed acquire the right to purchase sa
stock by notifying the Board Of D
Of rectors IN writing and thereafter shs
he deposit the price of said stock in ca
en-, with the corporation on Ut before ii
nd expiration of eighty DAYS from Il
no las. mentioned date
it'll Upon the receipt of the first me,
TONED notice. the Board of Directo
snail advise the person owning sa
RS stock, his agent or representative.
I'll, join with said Board in fixing Il