The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
CHARTER or ON >TER SHELL PROD
ICT> CORPOR LTION, INC.

United States of America. state Of Lou
i~iHuH Parish Of orleans, city Of New or
leans. BE u known. that on this l2th daY
. OF the month of July, in III" year 81 our
Lord. one thousand nine hundred and
twenty. and ut the Independence OF 10"
United States OF America the one hundred
aud forty fifth. I:"forr me. scott l.. Beer
. "a Notary Public. in and for The Parish 81;
Orleans State of Louisiana, aforesaid.
therein residing. duly commissioned. sworn
and qualified. ami in the Pre~cnc" OF the
witnesses hereinafter named ana under
signed Personally cam" ana appeared
The, several persons who's" names are here
unto subscribed, who >,'yrruIiy declared
that. awaiting themselves OF ia" provisions
ut the laws of the state OF Louisiana IN
such eases mai" and provided. and par
tirularly of the provisions Of Act No. pa
Of tht. Acts of the General Assembly of the
stat" OF Louisiana tor tn" wear 1914, they
/ raw" ,oyrnautcd and agreed and do by
these presents covenant and agree and
hind themselves. rs well a. all such per
sons a. may hereafter Join or become as
~OCiat-d with them. To constitute and form
"a corporation ana body polite in law. for
the objects AMI purposes aud under the
articles and StipUlation~ hereinafter set
forth and Expressed. which they hereby
adopt H. the Charter Of this corporation.
. tO-Wit.
ARTICLE The name and style Of this
corporation shall be- "OlSTEE SHELL
/ PEODItIS tORl'ORATiD\. INC and
under it, said corporate name il shall have
I and enjoy corporal" existence ana >ucccS-
sion for the full term and period Of nine
/ ry-Ein" years from aud after the date
hereof. u shall have power ana authority
/ 10 contract. sue ana be- sued. to make and
+ use Il corporal" seal and the same to alter
and break AT pleasure: 10 hold. receive,
. lease. purchase and convey. Is well a.
1 mortgage and hypothccatr, property. real.
4 personal and mixed. COruOryal and iHCOT-
pOr"al. TO name aud appoint such man
ayers. agents. directors and Officers a. its
N.Fr.H F...g
quirr. and TO make and establish. aS well
/ a. alter and amend from time TO time.
4 such bylaws. rules and regulations for the
proper government Of the affairs OF said
+ corporation a. may he necessary and
proper.
ARTICLE 1.-THE domicile OF this cor
pOratiOn shall be in the City OF New Or
. leans State of SiHHa. and all citations
/ or other legal process shall be- served upon
the President of said corporation or. in the
/ event of his absence. upon the Nice-Presi
dent thereof, and. in In" absence of both
Of said officials. upon the Secretary
thereof.
! ARTICLE III.-The objects and pur-
poses for which this corporation il organ
. lied and the natur" of the business to be-
carried on by il are hereby declared to be
I" acquire. gather. treat, grind and other
/ wise make use of oyster shells and like
products of the sea and other waters. and
to sell the same aud their by-prOducts; 10
: acquire. lease. mortgage, pledge and sell
. real and personal property. including
dredgen. tugs, ScowS and other floating
/ equipment to operate drcdges. tugs. ScOws
. and other floating equipment and to make
contracts for the hire of the same: 10 pur-
chase. hold. sell mort gage. or pledge. or
otherwise dispose of shares of the capital
. stock of any other corporation or corpora
tiOn>, and. while owner of said stock. "a
. exercise all rights. powers and privileges
of such ownership, including the right "a
vote thereon. and generally to do all such
. ] hp al N
nected with the business contemplated in
this charter.
ARTICLE IV.-The capital stock of thi,
| corporation is hereby fixed at the sum OF
| twenty thousand dollars (S2OOO0OO. di-
vided into and represented by two hundred
shares of stock, of the par value of on,
hundred dollars (SlOO.o0) each. Said stock
shall be paid for in cash, at such time il
Sucn amounts and after such notice to tn,
subscribers as may be fixed by the Board
of Directors. or the same may be issued al
not less than par for labor done or prop
erty actually received by the corporation
This corporation shall become a going
concern and be authorized to do bushes,
when ten thousand dollars (Sl0OO0.0O) Of
its capital stock shall have been subscribed
and paid for.
The amount to which the capital stocl
of this corporation may be increased shall
he the sum Of one million dollar,
Isl. 900. OOO.OO).
ARTICLE V.-AII the corporate power,
of said corporation shall be vested in anC
exercised by a Board of Directors com
posed of five stockholders. a ma jOrity o
whom shall constitute quorum. Sale
directors shall be elected annually on tn
first Monday in January in each year. eN
cept the first Board appointed in this Char
ter. who shall hold their offices until tn
first Monday in January. 1921.
All such elections shall be held by ballO
and conducted ut the office of the sal,
! corporation, under the supervision of tn re-
commissioners to be appointed by tn
Board of Directors.
Notice of such election shall be given b,
the Secretary of the Company by writte
notice thereof delivered personally or b,
depoSiting same in the pOstOffice. properl
addressed. to each stakeholder mt leaS
fifteen (l5) days preceding such elections
At all such elections and at all corporal