The herald., 1920-01-01
CHARTER.
rR OF HERBERT MAY COM,
cHA" PANY, INC.

hsns. she month OF December, IN the
Day one thousand nine hundred anu nine
yesr o one me, Henry L. Dart, Jr., a
ten, peiV,bIir duly commissioned and
potary and for the Parish of Orleans
sworn ~ ~ New Orleans, therein resid- 4
sd CIy appeared the persons whose
pg, are hereuntO Subscribed, VINO de-
tsneSs that, availing themselves OF the
ee.au,sions of the laws Oh tiT SIa,r, ie
proN,n the organization OF corporations
i've 70 ~ eoyenanted and agreed, and do
bc h nresents, covenant and agree,
torm and constitute themselves, as
hp1' such other persons VINO may mere
ven Ioin or become associated win theIl,
~ w a corporation ana Dody Poil,iJ J IL iaM
nio a. AFFECTS and purposes, and under
for tneaements and stipulatiOns follow
ug, towit'
,pTICLE 1.-The name ana style OF
hlasnoration shall be Herbert May
hls Incorporated, and under this
Sms il shall have ana ENJOY an the
ban nss advantages and privileges granted
nep., 70 corporations, il shall exist for
nN,od of ninety nine years; II shall
nower to contract, sue and be sued
n'. ss corporate name; to make ana use
hsSrate seal and the same 10 break
:, alter at pleasure; to hoid, receive pur-
a convey. mortgage, hypothecate or
eease nronerty both real and personal;
Pensno hands. notes and other obligations;
WNnnrchase acquire and own STOCKS,
10 and securities in other corpora
eonS 10 have and employ managers, d.
s""sors officers, agents ana Other en-
rectols, es the interests and cOnveniences
p~!siJ corporation may require; and to
md establish such bylaws, rules
,agulations for the corporate man
s gu and control of the affairs of said
ssssnoration. as may be deemed necessary
md expedient
,prICIE 1.-THE domicile of the said
nnaration shall be in the City of New
o.,ssns Parish Of Orleans, State of Louis
s'ns and citation and other legal process
Iii he served on the President aud in
sh shseuce on the vi e-PreSident. In case
hs AZ deatb of the President of this cor
M.ation or in the event of his inability
sct as such his duties and functions
s.iI deyolye upon, and be fulfilled by the
Tke-President'
Article III.-The objects and purposes
a. which this corporation is organized
"a the nature of the business to be car
"a an nv il are hereby declared to be:
r. construct purchase, charter, lease, hire
a, otherwise acquire, and 10 man, equip,
msiutain and operate, steamships, steam
kasts towboats. ferry boats, sailing yes
IA barges and other water craft of
sbstever description for transportation
snd toyage of freight and passengers for
hire and to engage in general trans
variation business, upon and between
rlsces on rivers, lakes, bays and other
rstsrs and upon the high seas, to ports
md nlsces in foreign countries, and to
carry on a general express business in
connection with the operation Of said YES
sals. 10 construct, purchase, lease, hire or
otheryise acquire warehouses, landing
places. canals, docks, wharves and other
ABILITIES and to improve navigation on
business Of the company may require; to
construct hire, lease or otherwise acquire
and to operate dry docks and floating
docks, suitable for handling and repair
inc vessels, and to build and repair YES
ses Of every description; to construct, pur-
chase hire lease or otherwise acquire,
and to operate on land, Omnibuses. auto
mobiles trucks, teams and vehicles of
every nature and description for the
transportation of freight and passengers,
to and from the landing places of the yes
sells operated by said company, and such
other points as the Board of Directors
nav from time to time determine to be
necessary for the business of said COM
pany and generally to do and perform all
things germane and incidental to, or
usual In, the business and affairs herein
aboye authorized.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum of
fifty thousand ESQ, 000.00) dollars, divided
into FIVE hundred shares of the par value
Of one hundred (s1O0.00) dollars each,
which shares shall be paid for in cash |
or In the purchase or exchange of prop |
erty, and the said capital stock may be |
Increased to the sum of five hundred |
thousand ty500 100000 dollars additional. |
All shares Of stock shall be full paid and
nosassessable. No transfer of stock shall
be binding upon the corporation unless |
made upon its books and all certificates
Of stock shall be signed by such officers
Is may be designated by the Board of Di- |
rctors
All stock In this corporation shall be |
held upon condition precedent and I'M |
Ger contract and agreement in the nature |
Of vested rights that all such stock is so |
held and possessed subject to the rules
and provisions for the transfer of same
hereinafter set out, tOwit:
~ No sale or other transfer of shares
stock In this corporation shall be valid
lhth and unless the opportunity has been
nrst Afforded the shareholders of record
~ me date Of such transfer, sale or other
snenauon to purchase such stocks at book
.nle, Plus twenty-five per cent, the value
70 be ascertained in the manner herein
prescribed. The right to acquire said
neek hereby first vested in the other
aoekhoiders Of record shall follow the
aoek INTO any hands to which it may pass
ana may be exercised against the holders
sa within ninety days from the time
any sale or transfer has been offered to
ton. TWINS Vi INC 'orpora-
IL snaii be the duty of any holder of
49, IN tnls corporation who intends or
wslres 10 sell, transfer, ALLEVIATE or other
rs dispose OF the same to give ten days
n Ne notice OF such intention or desire
W Qrf af 4
~, VINO are hereby constituted agents
ne other stockholders for the purpose
n., sacn notice, and said Board of Di-
a s shaii give immediate information
sa,h, In writing, to all the other stock
AZ Oh record. Before the expiration
sa,;cs len uays from the receipt of said
x. rs ey the Board Of Directors, any
Srnoldef OF record may offer to pur-
As.s apu NAY acquire the right to pur-
y sald stock by notifying the Board
dan directors In writing and thereafter
c,sh s ssposi, the price of said stock in
IL .,na. n tne corporation on or before
Aa mentioned date.
,n spon the receipt of the first mentioned
yiss me Board Of Directors shall ad-
sys.. person owning said stock. his
Ros,s representative, to Join with said
vseS nxing the value of said stock.
bssis ~ aiue shall be established on the
s.stemsn, ne ast annual or semi-annual
and ths vi report of the corporation
seS,rs ae last monthly trial balance nre-
ysIus ,s sne GATE Of such notice, and the ,
eopst,tn,as found and established shall I,
socf' 'e 'ne value and price Of said
setics ~ " twenty -four hours after such
sntst,vs me owner, his agent or repre-
b estahI,.S SUes not join with the Board 9
Eoci' ths the price or value of the |
D. 49,, s delay to fix the said value nsipe =
ast npsn ana trial balance aforesaid for r
h eap, which writings are declared n
n s.,tsa ciusive evidence for and against n