The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-26
CHARTER.
rHABrBB OF THE INTERSTATE TOW.
UG AND LITERAGE CON-
PANY. INC.

United States Of america. State Of Lou
lslana, Parish of Orleans. City of New Or
Ians, Be II known, that on this 9th
s,J Of the month of August, In the year
Al our Lord, one thousand nine hundred
and twenty, and of the Independence of
he United States of America. the one hun
ard and forty-fifth Q45th), before me,
wm. J. Formento. Notary Public. in
and for the Parish of Orleans, State of
louisiana. duly commissioned and quail
fed, and In the presence of the witnesses
hsreinafter named and undersigned, per-
sonsly came and appeared the several
persons whose names are hereunto sub
srbed, who seyerally declared, that, avail
ing themselves OF the laws of the State of
louisiana relative to the organization Of
operations, they have cOyenanted and
agreed, and do by these presents, covenant
md agree, and bind and obligate them
sha. as well as such other persons who
nay hereafter become associated with them
or their successors. to form and constitute
corporation and body polite in law, for
the objects and purposes and under the
agreements and stipulati0ns following, to-
wit:
ARTICLE 1.-The name and style Of this
evaporation shall be the Interstate Towing
and Litefage Company, Inc, and under
that corporate name il shall have and en-
Joy all the rights and privileges granted
By law to corporations; IL shall exist for
period Of ninety-nine years 800 from
The date hereof; II shall have the power
10 contract, to sue and be sued in Its cor
porate name; to make and use corporate
seal and the same to break and alter at
pleasure; to hold, lease, receive. purchase,
sell convey, mortgage or hypothecate
property, both real and personal; to name
and appoint such managers, directors,
tgents and officers as the interest and con-
'enience Of said corporation may require.
ind to make and establish such rules and
rguhtions and bylaws as may be neces-
afy for the proper management, conduct
and regulations of the affairs of said cor
pe'ston, and the same to alter and change
pleasure.
ARTICLE 1.-THE domiciIe Of said cor
poruol shall be in the City of New Or
nhA Parish Of Orleans, State of Louisi-
ana, and all citations or other legal pro-
go shall be served on the President of
N said corporation. and, in case of his
nsenee upon the Vice President. and, in
oe Of the absence Of both of these Off
ss upon the Secretary Of said corpora
ARTICLE III.-The objects and pur-
80 ior which this corporation is organ
- are hereby declared to be: To engage
awNing and lighterage; to own and oper-
peNef boats, tugs, barges, passenger
~ rsisht boats, and equipment for
xnaiins all commodities to and from
p IN hsrbor; to supply ships with
~ mei-ofl, water and all necessary sup
nNs, 70 swn and operate special equip
ssat to make repairs to ships while in
nneable harbors and rivers of the
~AnIicLk Iv.-The capital stock of this
s;ysnuon Is hereby fixed at the sum Of
10y thousand $3.50 6OO) dollars, divided
~. u~ hundred 5000 shares of the par
s q one hundred ($lOo) dollars each,
~ nste 70 be paid for in such manner
NJ BOARD OF Directors may determine.
smeunt or the capital stock may be
"a s',, 70 one hundred thousand $780,
~ Wills, out In no case shall 1t be de-
0nsSS oeiow the sum of thirty thousand
49, dollars. No sale or transfer of
~. MI be binding upon the corporation
t,,.s.n s@ upon its books, and the said
nsSss !. snan be made only upon the sur
a. 80. ~ proofs Of loss or destruction of
49,. ssanding certificate. and no stock
sAs,s ,s sasl De entitled to vote upon any
p,s>ss anuerred to him within ten days
~eoins any election.
a. NLE V.-All the corporate powers
sessS s,snonty Of this corporation shall be
III !, ~ and the management and con-
RsrS - n Affairs shall be exercised by
IA ~. directors, composed of not less
q5rississ ~ and not more than five (5)
Hsssa to be elected ANNUALLY by
AsI6sr. general meeting of the stock
hS1 IN the first Wednesday of the
July of each year.
psSss noekholder shall be entitled. in
"a 49, ~ proxy, to cast one vote for
M ~ osned by him or her, provided
h = ~ nnnding in his or her name
thcc1r. ~ PRIOR to the election. The
sdks - ~. elected shall continue in
~ IN ~ year, or until their success
sunS~ ssve been duly elected and
Nj ~ 10 failure to elect directors
San9 sfoed as a forfeiture of this
M sk.n vacancy occurring on said
ete1rr - ce nlled by the remaining
!esPs shsn me unexpired term. Said di-
Stisa slect III us iirst meeting after their
~ ! 49, out OF their number, a presi-
bo.s uce-president. secretary and
onbined In one person
e(ohnrA - OF Directors may make and
- a ~ ven as alter and amend, any
~ nav 49, rules and regulations that
seat sns m requisite for the govern
- nd c...nagement Of the affairs OF
~ pswer ~ lation, and they shall have
INV nay. autnority to contract debts,
SN, 49,, Issue notes. bills of ex-
setelr,s pnnces or bonds. execute
oataf Is ~. ~ generally do all things in
sperufbn oplects and purposes Of said
SsQ ~ sno, moreover, shall have
SEpe11 sssSority to issue and deliver
~ sAl,s.s9u OF stock, or bonds. or
lnssf "a, Of said corporation. in
~asaey Se,psoperty bought, labor done
y = slss,,1I -This act of Incorporation
esrpcnHaa amended and modified, or
esassnf - =. may be dissolved, with
~ t3rsse,s.lt wo-thirds Of the stockhold
- uaf ppyrsu general meeting held
nsiis1 after notice thereof has
- usefSsase the last known address oS
~ lsls a. s ~ az least fifteen days prior