The herald., 1920-01-15
.TrK OF HERBERT MAY COM
ChA PANY, INC.

c,ates of America, State of Louis
parish Of Orleans, Clty OF new VI
ians, o. II known, that on this eighth
leans. re month of December, in the
day Oh thousand, nine hundred and nine
year Vhsfore me, Henry L. Dart Jr,
teen, nnblic, duly commissioner ana
potay IN and for the Parish OF orleans
sworn Of New orleans, therein resld-
and Ciy appeared the persons whose
ing, peioa bereuntO subscribed, who de-
psnes shst ayailing themselves or the
clareo of the laws or the state, rela-
pro'isn the organization OF corporations
tive Ave coyenanted and agreed, ana 90
they nav nresents. covenant and agree,
by urn and constitute themselves, as
bind iosnch other persons who may here
wen ain or become associated Win them,
dlei CORPORATION and BODY polllC IN law
NV ,he objects and purposes; anu unuer
for ueaements and stipulatlons follow
Ing to"i''
r,crp 1.-The name and style of
Abstraction shall be Herbert May
this ,sUy' Incorporated, and under this
CODY n shall have ana ENJOY All the
pane adyantages and privileges granted
ngh.s 20 corporations, II shall exist for
By bn ,oS of ninety nine years; 1t shall
pouar to contract, sue and be sued
nav. corporate name; 10 make anu use
ID nsnorate seal, and the same 10 preak
ey,.s Of Measure; to hold, receive, pur-
or t'e oonvey. mortgage, hypothecate or
chase nronerty both real and personal {;
pleoge hands. notes and other obligations {;
nnrchase acquire ana own stocks'
70 and securities in other corpora
bonus 10 have and employ managers, di-
tons, officers agents and other en-
rectoIs, "a the interests and conyeniences
ployusSs cornoratiOn may require; and to
and establish such bylaws, rules
mAhe donations for the corporate man
Annsnent and control OF the allalrs OF salu
ageinsa,;on. as may be deemed necessary
and expedien''
Article 1.-THE domicile OF the sald
.a,stion shall be in the city OF New
o,,ssns. Parish OF orleans otale vi LouiS-
ns and citation and other legal process
lans; az served on the President and in
snan .Ssnce on the vi e-President. In case
BE .hs death of the President OF TINS cor
I.,ion. or in the event of his 1naoilty
~ Get as such, his duties anu lunctlo ot
yice-Presiuen''
.,rICI,E uI.-The objects and purposes
a. which THIS corporation is organized
ssd the nature of the business 10 De G ar
~ ..nstrnct purchase, charter, lease, hlre
shsrwise acquire, and to man, equip,
W.,otsin and operate, steamships, steam
h.sts toyboats, ferry boats, salnng yes
ssls. barges and other water crait vi
va togsge of freight and passengers for
49, and TO engage in general trans
aa,tstion business, upon ana between
pp,scss on rivers, lakes, bays and other
r,ters and upon the high seas, 10 por.s
"a nIaces in foreign countries, and 10
ar, on a general express business In
.aaaeetion with the operation Of said YES
Ia. 10 construct, purchase, lease, hire or
sfbervise acquire warehouses, LANDING
nIsres canals, docks, wharves ana other
f.c,I,ties and to improve navigation on
s.s.s bayous and other waters, as the
hrsiness Of the company may require; to
ss.strnct hire, lease or otherwise acquire
and 10 operate dry docks and fioatlng
dosks. suitable for handling and repair
ins vessels, and to build and repair yes
- AZ every description; to construct, pur-
shsse hire lease or otherwise acquire,
"a IN operate on land, omnibuses, auto
mobiles, trucks, teams and yehlcies OF
syery nature and description for the
trsnspsrtation Of freight and passengers,
n and from the landing places OF the YES
ss,s operated by said company, and such
othee poipts as the Board Of Directors
nav from time to time determine TO De
necessary for the business OF said CON-
psny and generally to 40 Dc ade pgriI to or
ususl In, the business and affairs herein
shove authorized.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum OF
INV thousand ESQ, OOOO0) dollars, divided
into FIVE hundred shares Of the par value
a one hundred ($1OO.0O) dollars each,
which shares shall be paid for In cash
or In the purchase or exchange or prop
erty and the said capital stock may De
Increased to the sum of five hundred
thousand ($5O0, 0OO.00) dollars additional;
An shares Of stock shall be full paid and
noa-assessable. No transfer OF stock snail
be binding upon the corporation unless
made mon its books and all certificates
Of stock shall be signed by such officers
% may be designated by the Board Oh d.
rectors
All stock In this corporation shall be
he'd upon a condition precedent and I'M
Der 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
Of sack In this corporation shall be valid
unta and unless the opportunity has been
I'M Afforded the shareholders OF record
At TIE date Of such transfer, sale or other
aleaAtion, to purchase such stocks at book
valae plus twenty-five per cent, the value
to be ascertained in the manner herein
prescribed. The right to acquire said
stock hereby first vested in the other
Nsckholders Of record shall follow the
asck into any hands to which 1t may pass
and nay be exercised against the holders
thereof within ninety days from the time
any sale or transfer has been offered to
Be entered on the books of the corpora
ia.
II shall be the duty of any holder of
stock In this corporation who intends or
desires to sell, transfer, ALLEVIATE or other
wise dispose Of the same to give ten days
written notice Of such intention or desire
70 he Board Of Directors of the corpora
uee. who are hereby constituted agents
me other stockholders for the purpose
sch notice, and said Board Of Di-
reoses shall give immediate Information
maeof, In writing, to all the other stock
nosdefs Of record. Before the expiration
s..s me ten days from the receipt Of said
ssce ~ the Board of Directors, any
mareAolder Of record may offer to pur-
aase and may acquire the right to pur-
esace said stock by notifying the Board
directors IN writing and thereafter
Val deposit the price of said stock in
- with the corporation on or before
~ separation Of eighty days from the
nag mentioned date.
upea the receipt of the first mentioned
the Board Of Directors shall ad-
- me person owning said stock, his
-. OF representative, to join with said
ou n nxing the value of said stock,
value shall be established on the
49, 49, OF the last annual or semi-annual
~. enent or report of the corporation
49,. me last monthly trial balance pre-
s the date Of such notice, and the
sMe nus found and established shall
stsek. "e anu piiee Vi '"AN
-, ~ within twenty -four hours after such
ssSss 70 the owner, his agent or repre-