The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-16
CHARTER OF GULFPORT FRUIT a
STEAMSHIP COMPANY, IN
CORPORATED.

! A ID 1920 before me. Benjamin VI. Miller;
! a Notary Public, duly commissioned anu
| sworn In and for the Parish OF st. ram
! many State of Louisiana, therein RESIDING
| personaIly came and appeared the persons
| whose names are hcreunto subscribed, VINO
declared that, ayailins theins"nes 81
laws of the State Of Louisiana reIatl'e
10 the organization OF corporations the!
I have Covenanted and agreed ana DE thts,
| presents do covenant ana agree 70 pi,aH
| and form and COnStitut" themselves "a
| VOL "a such other persons VINO may mere
| after toin or become associated WIN theih,
| into a corporation and body pollIlc IN
law for a period Of ninety nine years, anu
for the objects aud purposes ana IH nut
the agreements and stipulatonS lollo"
ing, to-wit;
| ARTICLE 1.-The name and style OF this
corporation shall be "Gutport FTuN "
Steamship Company. Incorporated. and
its domicile shall be in the City OF Ne"
Orleans Parish OF Orleans, state OF Lou
! isiana All citations and other legal pro
| cess shall be served on the President ana
in his absence on the Vice President, ana,
| in the absence of both. on IN" secretary or
Treasurer. and, In the absence OF an OF
! such officers. in the manner proNlueu oS
the laws Of Louisiana.
ARTICLE 1.-THE objects and purposes
for which this corporation Is established
and the nature of the business TO be car
ried on by II are to build. equip, own,
| lease charter, operate, buy and sell SHIPS
and vessels of all kinds. in coastwise or
foreign trade: TO engage in the business
of forwarding or shipping agents; 10 buS
and sell and to import ana export lIu.t
vegetables and products Of all kinds; TO
buy sell own and operate plantations ana
farms for the raising of fruits, vegetables
and all products of the soil. Doth III the
state Of Louisiana and elsewhere 10 pur-
chase acquire, construct, lease and oper-
ate terminals or landings, and generally
to engage in any business convenient or
necessary or incident TO. or connected
with the operation OF the business ana
| iudu atripS above mentioned.
ARTICLE HI-The amount OF the to
tai authorized capital stock OF TINS cor
| Doration Is three thousand (3,OOl shares
; of which amount one thousand t,OOOl
| shares Of the par value OF one hundred
, dollars (SlOOOO) each. amounting TO one
hundred thousand dollars (SlOO,OOOOO),
shall be preferred stock: and two thous-
; and (2OOOl shares OF the par value OF one
hundred dollars (Sl00.OO) each, amounting
. to two hundred thousand dollars lsZOo'-
O0000), shall be common STOCK. Sald pre-
| ferred stock shall entitle the holder there
e of to receive out OF the net earnings, and
the company shall be bound 10 pay, q
= fixed cumulative dividend at the rate OF
e. eight per cent (Sco) per annum. payable
. quarterly, half-yearly or yearly, as the
E Directors may from time to time determ
= inc before any dividends shall be set
. apart or paid on the common stock. The
! holders Of preferred stock shall in case oil
. liquidation or dissolution OF the company
. be entitled to be paid in full. both the
prjncipal of their shares and the accrued
: dividends charged, before any amount
r shall be paid to the holders OF the gen,
I eral or common stock. Said preferred
t stock shall be subject to redemption al
Q one hundred and twenty-five dollars
Q (Sl25.O0) per share and accumulated divi-
r dends unpaid at the time Of redemption
[ or any date Of payment Of preferred stocb
Q dividends or at such other times or in such
o other manner as the Board of Directors
: may determine, after three years from the
: issue thereof. The holders Of preferred
= stock shall not by reason Of their hold
hn anti LODI IN pf IN
: ings of stockholders, the voting power be
e ing vested exclusively in the holders OF
: the common stock. The capital stock OF
the corporation may be increased, from
G time to time. by amendment to this char
e ter, in accordance with law, to the sum Of
a one million dollars (S1OO0,0OOOO) or any
$ part Of such sum, to be represented by
r preferred stock or common stock, in suct
: | amounts and upon such terms as the stock
Y holders may determine, and in accordance
:. with law. Shares of stock shall he rep
n resented by certificates signed by th'
A President and Secretary.
Z ARTICLE Iy.-The affairs of the cor
!, poratiOn shall be managed by a Board o
n Directors. composed of not less thar
/ holders, who shall be elected an
!. nually by ballot, at a stockholders
o meeting to be held on the second Wednes
!. day of August in each year (or, IL that
. fall on a legal holiday, then on the mex
: secular day following, the first meeting
q of the stockholders to be held on Wednes
e day, August 18th, 1920. at the office Of tn
' company in the City Of New Orleans, La.
II at eleven o'clock a. m, and at such meet
4 ing the Directors of the Company shall
= be elected, and such Directors of the Com
| pany shall proceed to elect at each OF sale
% meetings, a President, one or more Vic
A Presidents, a Secretary and Treasurer
!. The same person may be both Secretar,
# and Treasurer; or a Vice President ant
N Secretary or Treasurer. Any failure Il
~ elect Directors annually shall not dissolve
i the corporation, but the Directors then ii
. | office shall continue to serve until thei
! | successors shall have been duly elected
q and qualified. Any vacancy on the BoarC
a of Directors, occurring by death, resigna
d ton or otherwise. shall be filled by the re
h naming Directors. Stockholders meet
y ings may be held when ordered by tn,
n Board of Directors and shall be held at the
II request of the holders Of twenty five pei
70 | cent OF the outstanding common stock
~ Notice Of all stockholders meetings, Other
- than adjourned meetings, shall be giveI
"a by written notice to each stakeholder
n through the mail, at his last known ad
y dress, at least fifteen (15) days befor,
= such meeting. Each stockholder shall b,
> | entitled to one vote for every share Of
y common stock owned by him. With the
y written consent Of all the Directors, yaliC
- meetings Of Directors may be held out
- side the State of Louisiana, or within tn,
!, State Of Louisiana elsewhere than at the
domicile Of the corporation.
% ARTICLE V.-Inis charter may b,
a amended or this corporation dissolved by
- two-thirds vote of the outstanding stoci
20 at stockholders meeting called by ths
: Board of Directors after having given no
,. tice to each stakeholder, in writing. stat
I ing the purpose for which said meetinp
~ is called, at least fifteen days before such
I meeting, and deposited in the postoffice
addressed to his last known address. Ir
case OF dissolution: the Board of Directors
shall act as liquidators.
4 ARTICLE NI.-The Board of Directors
~ shall have the right to employ and dis
10 miss clerks and managers, and to ADOPT
bylaws for the general management OF
q the corporation, and can amend the same
=, at their pleasure.
10 ARTICLE VII.-This corporation shall
Is ENJOY all rights and privileges granted BY
~ law TO corporations, and snail use a cor.
% porate seal. 1t shall have power to con.
N tract, sue and be sued in its eorporat,
~ name. to hold. receive, purchase, convey
m mortgage, hypotheeate or pledge proper
9 ", both real and personal. 1t shall hay,
20 power TO establish branches in the Stat,
"a OF Louisiana, and elsewhere.
~ ARTICLE NlII.-The names and post
M ottlce addresses Of the subscribers of thes,
Articles OF Incorporation, ana the numbe,
IL OF shares in the corporation which eacf
~ OF them agrees to take, are as follows
- there follows names of subscribers ant
: amount of stock subscribed)
- ARTICLE 1X.-No stakeholder shall n,
:, liable or responsible for the contracts
= faults or debts of said corporation. mo-
shall any informality in its Organization
have the effect of rendering this corpora
1on null or exposing a stakeholder to an,
e liability, beyond the unpaid balance ef hi,
- subscription to the stock of this corpora
e ton.