The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.
.,R1ER OF HERBERT MAY COM.
PANY, INC.

,,,,,ed states Of America, State Of Louis
parish of Orleans, City OF New Or
ianas BE il known, that on this eighth
leans the month of December, in the
Ga! one thousand, nine hundred ana nine
yea, before me, Henry 7. Dart, Jr., a
teen, nubIic duly commissioned and
noIA' IN and for the Parish Of Orleans
swo' S,,v of New Orleans, therein resid-
ane nsrsopally appeared the persons whose
ps .,ss are hereunto subscribed, VINO de-
hahs that availing themselves or the
eisIes.,ons of the laws of the State, rela-
pro"." the organization of corporations,
i've nave coyenanted and agreed, and do
these presents, covenant ana agree,
.! form and constitute themselves, as
ELI as such other persons Who may mere
Ne .A, ioin or become associated with them,
asei 'corporation and body polite in law
INV ,he affects and purposes, and under
iol sSreemelts and stipulations follow
. ing, T s1nnp 1.-The name and style of
Ahln.noration shall be Herbert May
thIs sny Incorporated, and under this
Conp if shall have and enjoy all the
psr,s advantages and privileges granted
law 10 corporations, II shall exist for
neriod of ninety -nine years; 1t shall
a y nover 10 contract, sue and be sued
b"v corporate name; to make and use
h .norate seal and the same to break
e ,,pr at Measure; to hold, receive, pur-
hass convey, mortgage, hypothecate or
IaSoe property both real and personal;
70 issue bonds notes anu other oDnsatiohs'
nnrchase, acquire and own stocks,
Wtrs and securities in other corpora
von ns. 10 have and employ managers, di-
LARA officers, agents ana other EN-
1eyses as the interests and conveniences
P'sssid corporation may require; and to
Oh and establish such bylaws, rules
,sgulations for the corporate man
snS .,snf and control of the affairs of said
ss,noration, as may be deemed necessary
and eIpedient.
,pTICI,E 1.-THE domicile of the said
.ornoration shall be in the City OF New
nIsns parish of Orleans, State of Louis
na md citation and other legal process
ali be served on the President and in
-. absence on the vi e-President. In case
=, the death Of the President OF this cor
Ua,ation, or in the event of his Inability
~ act as such, his duties and functions
sSsI deyolye upon, and be fulfilled by the
'nspTICLE III.-The objects and purposes
Cor which this corporation Is organized
IA the nature of the business to be car
ried on by 1t are hereby declared 10 De:
To construct, purchase, charter, lease, hire
~ otherwise acquire, and to man, equip,
..,ntain and operate, steamships, steam
hasts. towboats, ferry boats, sailing yes
10 barges and other water craft or
sshsteyer description for transportation
hire and to engage in general trans
a~t.tion business, upon and between
pIsses on rivers, lakes, bays and other
Tsters and upon the high seas, to ports
and places in foreign countries, and to
e.y,s on a general express business in
eoonectiou with the operation Of said YES
"a: 70 construct, purchase, lease, hire or
otherwise acquire warehouses, landing
nlaces. canals, docks, wharyes and other
facilities and to improve navigation on
OIL of hsa
business Of the company may require; TO
construct, hire, lease or otherwise acquire
and 10 operate dry docks and floating
docks, suitable for handling and repair
ing vessels, and to build and repair yes-
seis Of every description; to construct, pur-
chase. hire, lease or otherwise acquire,
and 10 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 Oh the YES
sells operated by said company, and such
other points as the Board of Directors
mar from time to time determine to be
necessary for the business Of said COM
paay and generally to do and perform all
things germane and incidental TO, or
usual In, the business ana affalrs hereih-
above authorized.
ARTICLE Iy.-The capital stock of this
corporation is hereby fixed at the sum OF
ffty thousand 1850, 100000 dollars, divided
into 1--WE hundred shares of the par value
Of one hundred ($10O.00) dollars each,
4, 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 fye hundred
thousand $500 0O0.OOl dollars additional;
All shares Of stock shall be full paid and
non assessable. 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 offlcers
as may be designated by the Board OF d.
rectors.
All stock in this corporation shall be
held upon a condition precedent ana 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:
Of stock in this corporation shall be valid
untl and unless the opportunity has been
frst Afforded the shareholders OF record |
At the date Of such transfer, sale or other |
shsaation, to purchase such stocks at book
valse 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 /
stcckhelders Of record shall follow the
stock 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 catered on the books of the corpora
ton.
Il hail 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 the Board Of Directors Of the corpora
usa, who are hereby constituted agents
Of the other stockholders for the purpose
Of mch notice, and said Board of Di-
iectors shall give immediate information
thereof. In writing, to all the other stock
holders Of record. Before the expiration
Of the ten days from the receipt of said
neoce BY the Board of Directors, any
saareAolder Of record may offer to pur-
ehsse and may acquire the right to pur-
enase said stock by notifying the Board
q Directors in writing and thereafter
shtii deposit the price of said stock In
can with the corporation on or before
ne expiration Of eighty days from the
hst mentioned date.
upos the receipt Of the first mentioned
acoce, the Board Of Directors shall ad-
We me person owning said stock, his
ssent or representative. to join with said
nosrd IN fixing the value of said stock,
snlen value shall be established on the
esns Of the last annual or semi-annual
a.enent or report Of the corporation
m I'll hal