The herald., 1920-07-15

Gil AFTER OF FRENCH AMERICAN
LINE. NC, OF LOUISIANA.
United states of America. State Of
Louisiana Parish Of Orleans, City Of
New Orleans BE it known, that on this
18th day of the month Of April. IN the
year of one thousand min" hundred
and twenty. before me. Henry l.. Dart,
Jr., notary public, duly commissioned
and sworn in and for the Parish of
Orleans and City of New Orleans,
therein residing, personally came and
idpPeared the persons whose names are
hersuntO subscribed. who declared that,
awaiting themselves OF the provisions
of the laws of the state, relative To
the organization of corporations. they
| have COVenanted and agreed and do,
10y these presents. covenant and agree.
bind form and constitute themselves.
aS well as such other persons who may
with them. into corporation and body
polite in law for the objects and pur-
poses. and under the agreements and
StipulationS following, to-wlt.
ARTICLE 1.-The name and style of
this corporation shall he French Amer
lean Line. Inc, of Louisiana. and I'M
der this name il shall have and enjoy
lall the rights, advantages and priviI-
eyes granted by law to corporations:
il shall exist for a period of ninety
nine years: ii shall have power to con-
tract. sue and be sued i'll its COrpOr-
ate name; TO make and use a corpor-
ate seal: and the same to break or
alter at pleasure, To hold, receive, pur-
chase, convey. mortgage. hypothecate
ar pledge property, both real and per
SOnal; to issue bonds. notes and other
obligations; TO purchase, acquire and
other corporations; to have and en-
ploy managers, directors. officers.
agents and other employees, a. the
interests and convenience of said cor
poration may require. and To make and
establish such bylaws, rules and reEu-
lations for the corporate management
~ Il rs,l 1
p"ration. as may he deemed necessary
and eXpedient.
| ARTICLE 1.-THE dOmicile of the
said corporation shall be in the City
OF New Orleans, Parish of Orleans.
state OF Louisiana. and citation and
other legal process shall he served on
the President and in his absence on
the Nice-President. In case of the
death of the President of this corpor-
alton. or in the event of his inability
to act as such. his duties and func
tlonS shall devolve upon and be full
filled by the Nice-President.
| ARTICLE III.-The objects and pur-
poses Tor which this corporation is or
sanized and the nature of the busi-
ness TO be carried on by ii are hereby
declared to be: To construct. purchase.
charter, lease. hire or otherwise ac-
Iulre, and to man. equip. maintain
and operate. steamships. steamboats,,
lowboats, ferry boats sailing vessels
bargeS and other water craft of what
ever description for transportation
Tor hire and to engage in a general
transportation business, upon and be-
tween places on rivers. lakes, bays and
other waters and upon high seas. and
TO ports and places in foreign coun-
. | trltS, ana 10 carry on general eN-
press business in connection with the
operation OF said vessels; to construct
purchase, lease, hire or otherwise ac-
/ pulre warehouses, landing places
cahals docks, wharves. and other facil-
ltleS ana to improve navigation on
rivers, bayouS and other waters as the
r business or the company may require
10 construct, hire, lease or otherwise
acquire and to operate dry docks and
r / HoatlnS docks, suitable for handling
, ana repairing vessels. and to build and
repair vessels OF every descriptions: to
construct purchase, hire lease or 9TH
erWiSe acquire, and to operate on
land, omnibuses. automobiles, trucks.
1saIhS ana vehicles of every nature
ana description for the transformation
OF freight and passengers, to and from
me landing places of the vessels oper-
aIta by sald company. and such other
! POINTS as the Board of Directors NAV
= from time to time determine to be nee
eSsary for the business of said com
. pany and generally to do and nerform
al thlnES germane and incidental tn
, or usual in the business and affairs
, herelnabove authorized.
ARTICLE IN.-The capital stock of
ms corporation is hereby fixed at the
I sum of one hundred and fifty thou
: sand dollars (Sl50.O0O) divided into If
o teen mn hundred shares of the par value
Whlcn shares shall be paid for in cash
, or in the purchase or exchange Of
, property, and the said capital stock
~ tb Ue increased hereafter to the sum
% oIhTee hundred thousand dollars
s"oo,90O). All shares of stock shall
oe lull paid and worcestershire. No
TTSmSle ths OF stock shall be binding
upon MS books and all certificates Of
aS ms snail be signed by such officers
l NJ in,
! poration shall be held upon a conTi-
non precedent and under contract and
rigbts th IN the nature of vested
t nus mat all such stock is so held
, anu anu possessed subject to the rules and
baoVislons for the transfer Of SANE
, hereinafter set out, to-wit:
sbsres no sale or other transfer of
hanS OF stock in this corporation
: shaIl be valid until and unless TN
opportunity has been first afforded the
SCI ,iabbe1 tr OF record at the date of
Zen transfer. sale or other alienation
~ purchase such stock at book yalue
pluS twenty-five per cent, the yaIna
in pe ascertalned in the manner here
IN prescribed. The right to acII,i~o
said stock hereby first vested IN
pther stockholders of record shall fol-
low tne stock into any hands TO which
against the holders thereof wi,6iT
ninety days fror, the time anv snIn
or transfer has been offered to be en-.
tion; 1t shall be the duty Of any boid-
er Of stock in this corporation Who in
tenus or desires to SELL transfer aIicn
ate or otherwise dispose OF ~ s,,I,,
10 give ten days written notice Of such
ractn or desire to the Board of Di
| LeCtVrS or the corporation. who ara
nrreny constituted agents Uf the ,.hec
n ~, M Tor the purpose OF 81 n
ht,GGe. and said Board Of Dicastnrai
s snail give immediate informatinrSS
Stedt1p, IN writing, to all the otber
! stockholders of record. Before tSa
expiration OF the ten days from tbe e
rsceIpt OF said notice by the Roa ~
OF directors. any shareholder Of TanI
ord may oHer to purchase, and MAJ
acqIlre the right to purchase eaiS
! SOCK by notifying the Board OF Ri
ddaors IN writing and thereafter shall
VIII ~ the price of said stock in cash
NH me corporation on Or before Iba
expiration of eighty uays from he
last mentioned date oih III
1p9n the receipt of the first men-
.ihoned notice. the Board of Directore
s snait ADVISE the person owning said
49, N, ms agent or representative. to
JOIN with said Board in fixing the