The herald., 1920-06-24
CHARTER OF JOHNSON IRON WORKS
DRY DOCK AMI SHIPBUILDING
INC.

United States of America, State of Lou
isiana, Parish of Orleans. City of New
Orleans. BE ii known, that on this, the
18th. day of the month of May, in the
year of our Lord, one thousand, nine hun
dred and twenty. and of the Independence
of the United States of America, the one
hundredth and fOrty-fOurth, before me,
WatR X. Leverich, Notary Public, duly
commissioned and qualified, within and
for the Parish of Orleans, State of Louis
lana. and in the presence of the witnesses
hereinafter named and undersigned, per-
sOnally came and appeared the several
persons whose names are hereuntO sub
scribed, who severally declared that,
availing themselves of the benefits and
provisions of the Constitution of the State
of Louisiana, and of the laws of said
State relative to the organization of cor
pof atiOns, and particularly of the prOvis-
ions of Act 267 of the General Assembly
of the State of Louisiana, for the year
1914, and the amendments thereto, they
have contracted and agreed and united
to form and do, by these presents, con-
tract and agree and bind ana Obligate
themselves to form, organize and cOnsti-
tute themselves, as we'll as all such other
persons who may hereafter join or be-
come associated with them or their sue
cessors, into a stock corporation and body
polite in law, for the objects Inc pur-
poses and under the conditions, cove
nants, stipulatiOns and agreements of the
articles following, tO-wit:
ARTICLE 1.-The name and title of this
corporation shall be Johnson Iron Works,
Dry Dock and Shipbuilding Company,
Inc, and under and by said name. unless
sooner dissolved in accordance with law
and this charter, it shall exist and con-
tinue, and shall have and enjoy corporate
existence and succession TOT a period Of
ninety nine 800 years from and after the
date Of this act.
1t may have, hold, receive. borrow.
loan, exchange, acquire by grant, gift
or purchase. devise or bequest, sell. allie
nate, dispose of. convey, lease, pledge,
pawn, hypOthecate, encumbet or mort
gage property of any kind, whether real,
personal or mixed, corporal or incOr-
poreal, movable or immovable, all sub
ject to such limitations as may be pre-
scribed by law 1t may make, issue and
endorse ponds or notes and other evil
dences of debt. 1t may accept mort
cages, pledges or other forms Of security
for money loaned or other debts. 1t may
contract. sue and be sued, plead or be
impleaded by its corporate name in any
court of competent jurisdiction. 1t may
make, adopt and use a corporate seal and
alter or break the same az pleasure. II
may subscribe to and hold stock in other
corporations, and it's capital stock may
be issued for capital stock of other cor.
p~orauons. 1t may avquire out of its
unulvldeo profits or surplus, hold and
"So VI us capital elOCk. IL
may name. appoint and employ such
managers, directors, officers, agents anC
other employees as its interests, bushes.
and convenience may require, and MAJ
TX their compensation, having due re
gard to the nature, character and valu,
OF their services. 1t may make and es
tablish bylaws, rules Inc regulations no
inconsistent with this charter or an,
J existing Law, fixing or altering the man
agement Of its property. the regulation
and government Of its affairs, and tn
manner Of the ratification and registra