The herald., 1920-06-24
Junel1 July ~
OF FRENCH AMERICAN
LINE. INC, OF LOUISIANA.

] CHARTER OF FRENCH AMERICAN
LINE. NC, OF LOUISIANA.
| United States of America. State OF
| Louisiana. Parish of orleans. City OF
! New Orleans BE it known, that on TINS
| eth day of the month of April, IN the
year of one thousand nine hundred
! and twenty, before me, Henry l. DdIt,
Jr a notary public. duly commissioner
and sworn in and for the iarlSh OF
! Orleans and City of New orleans;
therein residing, personally came ana
appeared the persons whose names are
hereunto subscribed, who declared that,
| availing themselves OF the provisions
The organization of corporations, they
have covenanted and agreed ana 90
by these presents, covenant ana aSree'
| bind, form and constitute themselves,
| as we'll as such other persons VINO may
hereafter join or become associated
with them. into a corporation and body
| politic in law for the objects and pur-
poses and under the agreements and
stipulations following, to-wlt:
ARTICLE 1.-The name and style OF
this corporation shall be French Amer
lean Line. Inc, of Louisiana, ana un-
der this name IL shall have and ENJOY
all the rights, advantages and privil-
eyes granted by law TO corporations
nine years; il shall have power TO con-
tract. sue and be sued in its corpor-
ate name; to make and use corpor-
alter at pleasure: to hold, receive, pur-
chase, convey, mortgage. hypothecate
or pledge property, both real ana per
Sonal; to issue bonds, notes and other
obi cations: to purchase, acquire ana
own stocks bonds and securities IN
other corporations: TO have ana en-
agents and other employees, as the
interests and convenience of said cor,
poration may require; and TO make ana
| 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 eNpedient.
ARTICLE 1.-THE domicile OF the
| said corporation shall be in the city
of New orleans. Parish OF Orleans;
state of Louisiana and citation anu d
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-
A tions shall devolve upon and be full
: filled by the Vice-President.
I ARTICLE III.-The objects and pur-
= poses for which thisacOrporation is or
= ganized and the nature of the bust
- ness to be carried on by il are hereby
declared to be: To construct purchase
j. ! charter, lease, hire or otherwise &C
quire, and to man. equip, maintain
: and operate, steamships. steamboats,
= towbOats, ferry boats. sailing Vessels
IA | bargeS and other water craft of what
a ever description for transportation
a and towage of freight and passenger
: for hire and to engage in genera
70 tween places on rivers, lakes, bays an'
IL other waters and upon high seas, AM
N to ports and places in foreign coun
| tries. and to carry on a general eN
II press business in connection with tn
II operation of said vessels: to construct
purchase, lease. hire or Otherwise &C
4 quire warehouses;, landings places
y canals, docks. wharves, and other facil
IS tiles and to improve navigation OIL
rivers. bayous and.other waters, as tn
pr business of the company may require
A. to construct, hire, lease or otherwiS
r. acquire and to operate dry docks, an
" floating docks. suitable for handlinj
70 and repairing vessels, and to build an
,r repair vessels of every description: L
A. construct, purchase, hire, lease or 9th
> land. omnibuses. automobiles. trucks
teams and vehicles of every natur
Or and description for the transportatio
ie Of freight and passengers, to and iron
Is the landing places of lie vessels oper
ated by said company, and such Othe
N points as the Board of Directors ma
a. from time to time determine to be nee
to essary for the business of said com
te pany and generally to do and perform
e. all things germane and incidental I
~ or usual in the business and alta ir
Is hereinabove authorized.
Id ARTICLE IV-The capital stock O
p this corporation is hereby fixed at tn
1t sum of one hundred and fifty thou
IS sand dollars Sl5O,OOo) divided into tif
of one hundred dollars (s1OO.OO) each
r which shares shall be paid for in cas-
in or in the purchase or exchange
10 may be increased hereafter to the sur
of three hundred thousand dollar
/. 100000. All shares of stock shaal
:, transfer of stock shall be binding
y upon the corporation unless mad
IN upon its books and all certificates o
Is as may be designated by the Boar
a. of directors, All stock in this cor
n poration shall be held upon a condi
ne agreement in the nature of veste
r rights that all such stock is so hel
II and possessed subject to the rules an
I'll provisions for the transfer of sam
ne hereinafter set out, to-wit:
Cd No sale or other transfer c
shares of stock in this corporatiO
or shall be valid until and unless tn
T. opportunity has been first afforded I'll
<, shareholders of record at the date {
k such transfer. sale or other alienatio
to purchase such stock at book valu
n plus twenty-five per cent, the valu
IS to be ascertained in the manner here
- in prescribed. The right to acqui:
other stockholders of record shall TO
D! low the stock into any hands TO whiC
II may pass and may be exercise
a against the holders thereof with
or ninety days from the time any sa
ii or transfer has been offered to be Of
re tered on the books of the corpor;
nv llOn. III snail De the duty OF any hOlt
er er OF stock in this corporation who il
nh tends or desires to sell, transfer. alicl
We ate or otherwise dispose of the san
as to give ten days written notice Of sue
Nv Intention or desire to the Board of u
o. rectors of the corporation. who a.
of hereby constituted agents of the 9TH
Id stockholders for the purpose Of su.
notice. and said Board Of DicrctO
~ shall give immediate informatic
on thereof, in writing, to all the 9TH
or stockholders of record. Before Il
Ter expiration of the ten days from Il
receipt of said notice by the Boa
to OF Directors, any shareholder of re
,r- ord may offer to purchase, and ms
ed acquire the right to purchase, sa
stock by notifying the Board OF ID
,f- rectors in writing and thereafter shs
he deposit the price of said stock in ca:
m. with the corporation on or before ii
nd expiration of eighty DAYS from Il
no last mentioned date.
til Upon the receipt of the first mel
a toned notice, the Board of Directo
shall advise the person owning sa
RS stock. his agent or representative,
N iOin with said Poar S dyfn0 81