The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-19
CHARTER OF OYSTER SHELL PROD
ICTS CORPORATION. NC

United States of America. State of Lou
iSlana, Parish of Orleans, City of New Or
leans. lie II known. that on this 18th DAY
OF the month of July, i'm the year of our
Lord. one thousand nine hundred and
twenty. and of the Independence of the
nited States of America the one hundred
and forty fifth: Before me. Scott r, Eeer
a Notary Public, in and for the Parish of
Orleans, State of Louisiana. aforesaid
therein residing. duly commissioned. sworn
and qualified, and in the presence of the
witnesses hereinafter named and under
signed: Personally came aud appeared
the several persons whose names are here
unto subscribed. who severally declared
that, availing themselves of the provisions
OF the laws of the State of Louisiana in
such cases made and provided, and par
tlcularly of the provisions of Act No 267
OF the Acts of the General Assembly of the
State of Louisiana for the year 1914 they
nave coyenanted and agreed and do by
these presents covenant and agree and
blnd themselves, as well as all such per
sons as may hereafter join or become as
SOciated with them, to constitute and form
a corporation and body polite in law, for
the objects and purposes and under the
articles and stipulatiOns hereinafter SET
forth and expressed. which they hereby
adopt as the Charter of this corporation
to-wit:
ARTICLE 1.-The name and style of this
corporation shall he oyster SHELL
PRODUCTS CORPORATION. INC" and
uhder IT'S said corporate name il shall have
ana ENJOY corporate existence and success
sion for the full term and period of nine
lynne years from and after the date
hereOf; II shall have power and authority
to contract. sue and be sued to make and
use a corporate seal and the same to alter
and break at pleasure: to hold receive
lease, purchase and convey, as well as
mortgage and hypothecate, property. real
personal and mixed, corporal and incor-
poreal; to name and appoint such man
ayers, agents. directors and officers as its
business, interest and convenience NAV re-
ka
as alter and amend from time to time
Such bylaws, rules and regulations for the
proper government of the affairs of said
corporation as may be necessary and
proper.
ARTICLE 1.-THE domicile or this cor
poration shall be in the City of New Or
leans, State of Louisiana. and all citations
or other legal process shall be served upon
the President of said corporation or in the
event OF his absence, upon the Vice Presi-
dent thereof, and. in the absence of both
OF said officials, upon the Secretary
thereof.
ARTICLE IH.-The objects and pur-
poses for which this corporation is organ
lied and the nature of the business to be
carried on by il are hereby declared to be:
to acquire, gather. treat, grind and other
wise make use of oyster shells and like
products OF the sea and other waters and
to sell the same and their by-products; 10
acquire, lease mortgage, pledge and sell
real and personal property. including
dredges, tugs, scOws and other floating
equipment; to operate dredges tugs scows
ana other floating equipment and to make
contracts for the hire of the same: to pur-
chase. hold. sell, mortgage, or pledge or
otherwise dispose of shares of the capital
stock of any other corporation or corpora
tons, and, while owner of said stock TO
exercise all rights, powers and privileges
OF such ownership, including the right to
vote thereon; and generally to do all such
things as may be incidental to or CON
nected with the business contemplated in
this charter.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
twenty thousand dollars $50 900 OO) di-
v1ded into and represented by two hundred
shares of stock, of the par value of one
shall be paid for in cash, at such time in
such amounts and after such notice to the
subscribers as may be fixed by the Board
or directors, or the same may be issued at
not less than par for labor done or prop
erty actually received by the corporation
This corporation shall become going
concern and be authorized to do business
when ten thousand dollars (sI0.OO0.O0) of
It's capital stock shall have been subscribed
and paid for.
The amount to which the capital stock
of this corporation may be increased shall
be the sum Of one million dollars
Isl. 600. 100000.
ARTICLE y.-AIl the corporate powers
of said corporation shall be vested in and
exercised by a Board of Directors COM
posed OF five stockholders, a majority of
whom shall constitute a quorum. Said
directors shall be elected annually on the
cept the first Board appointed in this Char
first Monday in January in each year. eI-
ter. who shall hold their offices until the
first Monday In January, 1921.
All such elections shall be held By ballot