The herald., 1920-07-01

CHARTER OF FRENCH AMERICAN
LINE. INC, OF LOUISIANA.
United States of America. State of
Louisiana. Parish of Orleans. City Of
New Orleans. BE ii known. that on this
27th day of the month OF April. IN the
year of one thousand nine hundred
ana twenty, before me, Henry /. Dan,
Jr., notary public. duly commissioned
and sworn in and for the Parish of
Orleans and City of New Orleans,
therein residing, personally came and
appeared the persons whose names are
heTeunto 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.
by these presents, covenant and agree,
bind, form and constitute themselves,
as well as such other persons who may
hereafter join or become associated
with them, into corporation and body
polite i'll law for the objects and pur-
poses, and under the agreements and
stipulatiOns following, tO-wit:
ARTICLE 1.-The name and style of
this corporation shall be French Amer
lean Line. Inc. of Louisiana, and I'M
der this name it shall have and enjoy
all the rights, advantages and privil-
eyes granted by law TO corporations:
II shall exist for a period of ninety
nine years; il shall have power to con-
tract, sue and be sued in 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
or 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, as the
interests and convenience of said cor
poration may require; and to make and
establish such bylaws. rules and regu-
lations for the corporate management
and control of the affairs of said cor
poration. as may be 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 be 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-
, filled by the Vice-President
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganized and the nature of the bust
declared to be: To construct. purchase,
charter, lease. hire or otherwise ac-
gulre. and to man. equip. maintain
, and operate. steamships, steamboats,,
: | tOwboatS, 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-
tries and to carry on general ex-
press business in connection with the
purchase, lease, hire or otherwise ac-
qulre warehouses, landing places,
canals. docks, wharves. and other facil-
) tiles and to improve navigation on
rivers, bayous and other waters, as the
r business of the company may require:
TO construct. hire, lease or otherwise
acquire and to operate dry docks and
; hoating docks, suitable for handlin Q
> ana repairing vessels, and to build and
r repair vessels of every descriptions; to
construct, purchase. hire, lease or 9TH
erwise acquire. and to operate on
land, omnibuses, automobiles. trucks
leans and vehicles of every nature
OF freight and passengers, to and from
me landing places of the vessels oper-
, points oy y sa IA company, and such other
from time to time determine to be nee
0 essary Tor the business of said com
e puuhy ana generally to do and perform
, All thlnSs germane and incidental To
' or usual in the business and affairS
: hereinabove authorized
i ARTICLE IV.-The capital stock of
; s smTs corporation is hereby. fixed at the
sum OF one hundred and fifty thou
$ sand dollars .(s150. OO0) divided into ar
Of one hundred dollars GsIooPiSaopC e eacb,
: which shares shall be paid for in ash
n or IN the purchase or exchange of
o property; and the said capital stock
of ay three ore increased hereafter to the sum
sSoo,99Ol. All shares of stock shall
t pe luIl paid and worcestershire. No
Y TrSmSie H. OF stock shall be binding
u upon ITS books and all certificates of
: STOCK shall be signed by such Officers
i OF d HiaS oe designated II; by the Board
= ! poratIon shall be held upon conIi-
a am precedent and under contract and
rights t That IN al, the sScb nature Of vested
! provisions for the transfer of sa am,
hereinafter set out. to-wit:
shares no sale or other transfer of
r shall be valid until and unless ION
OPPORTUNITY has been first afforded the
, such tra OF record at the date of
70 purchase such stock AT hook vaIna
piuS twenty five per cent. the valne
in ne nre asGebtsined in the manner here
said stock hereby first vested in ~ :
1ther stockholders of record shall fol-
low ,ne stock into any hands to which
against the holders thereof wit tSGn
r ninety days from the time any sale
tsre edahsIer has been offered to be en-
ton. 1t shall be the DUTY OF anW boId-
OF STOCK in this corporation who in
nus or desires to sell. transfer. alien
ate or otherwise dispose of tie same
~ eve ten days written notice of such
nttnIlon or desire to the Board of Di-
hectqrs or the corporation. who are
hereby constituted agents OF tine o+he
n'TtThnolders for the purpose ot su n
n,ce. and said Board Of Dirartors
shan give immediate informatinS9
s shere6t, in writing, to, all the other
exnir9 ti OF record. Before the
receipt OF said notice by the Board
Ola directors, any shareholder of rec
ono,i may oHer to purchase, and NAV
ACQUIRE the right to purchase. SAID
Seoth oy notifying the Board OF Dr.
asectors IN writing and thereafter shall
atiposit the price of said stock in cash
ern h me corporation on pr before the
EXPIRATION or eighty DAYS from ths
last mentioned date.
Upon the receipt of the first mon
siohed notice. the Board of Directors
stock, his agent or Representative 10
Join with said Board in fixing the