The herald., 1920-06-17
CHARTER OF PONTCHARTRAIN IN
CURSION COMPANY, INC.

/ CHARTER OF PON1tHARlkAI IN
CURSION COMPANY, INC.
United States of America. state of Lou
iSiana. Parish of Orleans, city Of New
Orleans. lie il known, that on this Ind
| day of the month of May, in the year
of our Lord one thousand nine hundred
and twenty before me. John !. Kelley.
a notary public in and for the parish of
Orleans. state of Louisiana. duly commits
stoned and qualified. ana in the presence
of the witnesses hereinafter named and
undersigned. personally came and APP
peared the several persons whose names
are hercunto subscribed. who declaring
that desiring to form a corporation under
the laws of the state of Louisiana, and
! particularly Act 261 of 1914 they have
lcOvenantcd. agreed and bound themselves
| and such other persons may hereafter
| join with them and their successors TO
| form Il corporation upon the following
! terms conditions and StipulatiOns. which
! the said appearers hereby adopt as their
| charter, tO-wit:
| ARTICLE 1.-The name of this corpora
tiOn shall be "Pontchartrain Excursion
| Company, Inc" and under such name il
| shall have power and authority TO con
| tract, sue and be sued. 70 lave n cOrpOr-
| ate seal to hold, receive. purchase. alien
late sell, mortgage, pledge. hypotheCate
property real, personal or mixed to make
and issue bonds, to borrow and lend
| money, and to give the necessary security
! therefor: to make and establish by laws.
| rules and regulations Tor the mana cement
of its affairs may be deemed necessary
and proper. and generally shall have and
possess all the powers, rights, privileges
and immunitieS which corporations are
and may hereafter be authorized to pos
seSs under the constitution and laws Of
this state. and particularly Act 267 of
1914: it shall have power to vest in its
board of directors all or IT'S corporate
powers, subject only to such restrictions
as may be named in this charter.
ARTICLE II.-This corporation, unless
sooner dissolved, shall exist ana continue
for a period of ninety nine years from
and after the date hereof. Its domicile
shall be in the city Of New Orleans,
where all citations or other legal process
shall be served upon the president, or in
his absence on the secretary of the COM
pany.
ARTICLE 1II.-The OBJECTS and pur-
poses for which this corporation is or
ganized. and the business to be carried
on by it. are hereby declared to be:
To operate for freight and passenger
trade in Lake Pontchartrain and other
bodies of water adjacent 10 the city OF
New Orleans the gasoline propelled boat
Lillian D.; to rent, lease and charter
said boat for freight and passenger ser
| vice and to do and engage in any other
| business connected with, growing out Of
germane or incidental to any of the pur-
poses hereinabOve set forth or contem-
plated by the charter.
| ARTICLE lV.-The capital stock of this
| corporation Is hereby fiXeC at five thou
sand dollars, divided into fifty (5O) shares
| at the par value of one hundred dollars
| each, and all of said stock is to be COM
| mon stock; said stock shan be paid for
| in cash or labor done or property actually
| received. This corporation shall have the
! right to commence business when fifty
per cent of its capital stock shall have
been subscribed, and the right is reserved
| to Increase the amount of its capital stock
| up 10 the sum of twed-y Thousand dol
| lars. All transfers of stock shall be made
on the books of the company on the sur
render of the outstanding certificates and
pursuant to such rules as the board of
directors may prescribe
ARTICLE V.-The business of this cor
poratiOn shall be managed and all of the
corporate powers shall be vested in
board of three directors all of whom
shall constitute a quorum for the trans
action of business, to be elected from
among its stockholders at meeting
called for that purpose. The board of di-
rectOrs shall elect from among their num-
Der president. a vice-president and a
secretary Treasurer, the office of secretary
and treasurer being combined. The board
of directors shall have full and complete
control of the business affairs and prop
erty of this corporation. and they shall
manage conduct and uSe Iie same as in
their discretion they may deem best, with
=.
employees and to fix their compensation
Any vacancy occurring on the board of
directors shall be filled by the remaining
members of the board for the unexpired
term.
ARTICLE VI.-The first board of di-
rectors of this corporation is hereby fixed
at three in number and shall be COM
posed OF Anthony Denapolis, John ]. ROux
and Philip Gihlbach. all of New Orleans,
with the following officers: Anthony
president
vice-president: John J. Roux, secretary
treasurer, which said board shall serve
until the first meeting or the stockholders
Tor the election of directors or until their
successors are elected on the second Tues
day in April, 1921. and annually thereafter
All elections shall be by ballot and each
share of stock shall be entitled to one
vote, whether cast in person or by proxy
ARTICLE Widths charter may be
changed altered or amended and the
corporation may be dissolved or liqui-
dated in the method and manner pointed
out by Act 267 of 1914.
ARTICLE VIII.-No stocSaoIder shall
ever be held liable or responsible for the
contracts or faults of this corporation
in any further sum than the unpaid bal
ance due the corporation on the shares
owned by him, nor shall any mere in
formallty in organization have the effect
OF rendering this charter null or exposing
any stakeholder to any liability beyond
the amount of his unpaid stock.
Thus done and passed in my office in
the city OF New Orleans. state of Lou
isiana, in the presence of Joseph A. Casey
and Ben. Hocke, competent witnesses, re-
siding In this city, who hereunto sign their
tary, after a due reading of the whole,
on the day, month and year first above
written.
A. Denapolis, 1000 Common street. 4s