The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-04
CHARTER OF SOUTHERN sTEyEDOR-
ING COMPANY, INC.

State Of Louisiana, Parish of Orleans
City of New Orleans. BE IT known, that
on this twenty fifth day of February, in
the year One Thousand, nine hundred and
twenty, before me, William Waller Young,
a Notary Public, in and for the Parish
of Orleans, State of Louisiana, duly com
missioned and qualified, and in the pres.
encC of the witnesses hereinafter named
and undersigned; personally came and ap-
peared, the several persons whose names
are hereunto subscribed, all above the
full age Of majority, who severally de-
clared that, avaihng themselves or the
laws of the State of Louisiana, and es-
pecially the laws relative TO the organiZa-
ton of corporations, they have covenant
ed and agreed TO bind, form and consti-
tute themselves, as well as all such other
persons as may hereafter join or become
associated with them. into a corporation
and body polite in law. for the objects
and purposes and under the articles,
agreements and stipulatiOns following, to-
wit:
ARTICLE 1.-The name, style and title
of this corporation shall be Southern
Stevedoring Company, Inc, and, under
that name, it shall havo and enjoy AL
the rights, advantages and prlyheges
granted by law to corporations, and shall
exist for the full term and period OF
Ninety nine years from this day. IT
shall have power to contract, sue and be
sued; to make and use a corporate SEAL
and the same to alter and break at plea
sure; to hold, receive, lease, purchase
sell and convey, as well as mortgage N.Y.
pothecate and pledge property, real, per
sonal and mixed, corporal ana incor-
poreal; to name and appoint such man
ayers directors, Officers, agents and other
employees as It's interest and convenience
may require, and to make and establish,
as well as alter and amend from time 10
time such bylaws, rules and regulations
as may be necessary and expedient for the
proper management and government OF
the affairs Of said corporation.
ARTICLE 1.-THE domicile Of this cor.
poratiou is hereby fixed in the Eity OF
New Orleans. State OF Louisiana, and all
citations or other legal process shall be
served upon the President of said cor
poration, or in his absence. upon its Sec
rotary Treasurer.
poses OF this corporation, and the nature
Of the business 10 be carried on by IL
are hereby declared 10 be to carry on bust
ness as stevedores In the City of New Or
leans and elsewhere; to buy and sell all
kinds OF appliances necessary, useful or
convenient to the proper operation OF SAID
business, and generally to do any and
all things complimentary or incidental to
lining and the fitting Of ships for the
transportation Of cattle and other AMI |
pls, and grain of all kinds
ARTICLE Iv.-The capital stock of
mis- corporation Is hereby fixed at the
Sun, sum Of Ten Thousand sl9ooo0ol Dol,
by one hundred (lO0) shares in the sum
of One Hundred ($100O0l Dollars each
said stock shall be paid for when. and in
such installments as directed by the Board
Of Directors. The capital stock OF this |
corporation may be increased to the sum
Of One Hundred Thousand ($100, 900 O0)
Dollars.
ARTICLE V.-An the corporate powers
Of said corporation shall be exercised by
n Board Of Directors consisting Of three
stockholders, majority Of whom shall
constitute quorum for the transaction
of business.
The first Board Of Directors of this
shall be elected at the first
meeting and annually there
after as herein set forth and shall hold
office until their successors are respec-
lively chosen and qualified
The Board of Directors shall at its
first meeting. elect from among its mem
bers, a President, a Vice-Presldent and
A Secretary-Treasurer, who shall hold Of
fice during the term Of the Board making
,uch election. and In case Of vacancy in
my OF the said positions, the same shall
De filled by election by the Board OF d.
'ectors.
The annual meeting Of stockholders for
he election of directors shall be held on
he first Tuesday in January Of each year. {
Mess said day be a legal holiday. and ,
hen on the next bank day thereafter. q
nv vacancy occurring among the direc- I
,rs by death, resignation or otherwise I
hall be filled by election for the unex- I
Ired term by the remaining directors.
ach subscriber hereto sets after his Il
lme his post office address and state e