The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER.
.~snTRR OF LONGO sTEvEDORING
COMPANY, INC.

COMPANY, INC.
,,.,s.d States of America, State of Louis
- Parish of Orleans, City Of New Or
- Be IL known, that on this 18th da,
= - month of December, in the yea
~ Lord, one thousand, nine hundret
- rineteen; before me, George Janvier
,.fary public, duly commissioned anC
,..II6ed In and for the State and Parisl
Fr,eeaM and In the presence of the wit
- herein after named and under
Ss,Sd personally came and appeared tn,
,<ru.ne whose names are hereunto sub
rribed. all above the age Of majority, whit
svenliy declare that. availing themselve,
4 ~ provisions Of the laws of the Stat,
4 I1oisiana relative to the organization
4 eefporations, they do hereby associat,
- fofn themselves into and constitute
cerpsration for the objects and purpose.
"a under the stipulations hereinafter sci
ARTICLE 1.-The name and title of thi,
rsz Inc.
Article H-The domicle OF the cor.
ssrporation is Longo Stevedoripg Com.
,sratien Is the City of New Orleans and
Il IAN exist ana enjoy corporate success
5oa updef its corporate name for period
4 nisety mine years from and after the
dsts hereof. II shall have the power to
,ue sBd 70 be sued, to make and to use
hvsk 1t pleasure, to hold, receive, lease
purchase and convey. as well as mortgage
spi hypothecate property, real, personal
md aired, corporal and incorporeal; to
s mne end appoint such managers. agents
directors and officers as its business in
tsr1(s may require, and to make and es-
nbnSh, as well as alter and amend from
line 70 time, such bylaws, rules and
regsIstions for the proper government OF
IL affairs Of the corporation as may be
nessnFy and proper. All citation or
sShes kgal process shall be served accord
INC y hw.
ARTICLE III-The objects and pur-
peses for which this corporation Is or
xsaised and established and the nature of
IL husiness to be carried on by IL are
hereay declared to be: To engage in a
spsessl stevedering business; to load and
ND ships. steamships, freight ears and
ID yeAicles of transportation either un-
AZ eoatract or otherwise: to move and
franDert freight or such articles as may
h >us1eFed 1t for transportation; to do
mch necessary storage rs may be in
ei6ntsl 10 or required by its business and
fssepIy to do and perform all things
s>ytisenf and incident TO and which may
Il prsper and necessary to carry out and
s~serie the objects and puruoses for
NH this corporation is organized.
xlflcLE Iv.-The capital stock Of this
|eoeooatioa Is hereby fixed at the sum OF
[ fvculy-Ave thousand dollars ts25.000.00),
1Vt11 into and represented by two hun
~ ond 6fty (25o) shares of the par
mn q one hundred dollars $4,000,
-. sech stock shall be paid for 10
- = b such installments and Mt snch
tne ~ after such notice to subscribers
. - Beard Of Directors may determine
~ n, Or same may be issued ut not
~ Nm bar for labor zone o. services
pg1oTne1 for said corporation or for
psDopFty Or rights actually delivered 10
~ soeGfved BY said corporation.
1unty-6vs thousand dollars ($25. 0o0 COZ
- capital stock has been subscribed
~ = ~ time II the passing Of this Set
4 ncoEpeeation and this corporation shall
= - bo4Dees % soon at twelve thousand
~ non1Bsd dsliars (tl2.6O0.O0) Of its
aoo0 aeck shall have been paid for.
~ 6ansfefs It shares Of the capital.
~ = oAis cooperation shall be made and
uouo3 - Tie stock book OF this corpora
- - - transfer shah be In any man
44ng On the corporation unless 30
- = tbs csrporation Ia issued, ac-
~ - be1d By the stockholders I'M
- - eot,ewing conditions which are
- 0Dcs u thsir rights as stockholders
49, eoaditiens shall be referred TO
- euti1cates Of stock.
Goekhelder shall sell, ALLEVIATE, hy-
.11o ~ otherwise dispose Of or en-
- stock until he shall have first
:. - ~ same to the other stockholders
- eomDany. which offer shall be made
y ~H&mg 70 the Board of Directors
1<y u shall be to transmit the
= II etockheldefs immediately, and
9se9oelders shall have seven days
- receipt Of said notice within
M may purchase at the value
- ye,se u the stock for the purpose
a mail Be the same as is shown
y 1Soks o. the orporation--establish-
" onsfs Of the last semi annual
~ ~ q the corporation I'm connection
~ ~ monthly trial balance and the
ten.eal inventory.
- De the duty Of che corporation
9.seahscs ana semi. annual and snnnal
~ss.s - fer the purposes aforesaid, and
~ ah At all times be ojen to the
tAe stockholders.
nofe than one stockholder offer
S1 40 stock. the same shall be dis
c1>~-ss smohg those wishing to purchase
Dsst1s. % saeir holdings in the cor
- - e the acceptance of the offer
~ 90 previeions hereinabove set forth
~. tlere9or shall be paid in cash
$780, y-fsur hours after such ac-
ssscLE v.-The capital stock Of thi,
- - nay be increased to not more
~ e:.nd dollars ($50,O00OO) by
4 Ssss es1irds Of all Of the stock
a. -
= ~. Ls vI.--All the CORPORATE mowers
- Defatien shall be vested in ana
~ II hoard Of Directors, COM
NJ 3.n eoskholders a majority of
41nneliSS - ,utute quorum for the |
~ - business. The directors
ll6IS - annually by the stock |
911 iSs-S.s eeting to be held on the |
~ nee(iScS november In each year. |
1nn5S o. stockholders shall he |
~ - nfee days notice in writing
11oS~ -, aockhoider at his or her /
- a>Sn s 81 residence. Each per- /
= - seo 10 one vote in per- |
AZ oxy Tor each share of stock I
M - I'LL shall be held under |
- ESrS nntions as may be fixed |
hi 1870 - directors. At all meet
- ~ g Directors or of sfoct-
8 ~ sestions shall be determined
lhS OF those present at such
~ = eSfScs when elected, shall con.
~ on XsS one year and until their
2nS ~ ne failure to elect shaii
Nv ~ >se,ture Of this charter or
= ~ Soef Any vacancy occur-
49, - ~ LTD Of Directors shall he
~ - .ieine Directors for the
- slosSzs- LIE Board Of Directors
+ NM 4 7 I'LL elect from among
M ~ soent, q Vice President
~ b filed BY one p o
q ~ ,nasseer. subject to N.
1 ~ ~ I,ere shall have the riehs
~ = ~ nlss the clerks or Other
- cooperation at plessnra
= 1sy rsc, and business Of the