The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER.
-. OF HERBERr MAY COM
chs PANY, INC.

PANS, lNO'
s,.,.s NJ America, State Of Louis
United az orleans, City OF New OF
ixsa, fan'tt known, that on this eighth
ssnS Dc D.. month of December, In the
du OIL t.nharssnd, nine hundred and nine
year On, ere me, Henry +. Dart, Jr. a
tees, vnnhlic. duly commissioner anu
peuu IN and for the PARISH od or. es;d
ssd Clty appeared the persons whose
ing pefoa bereunto subscribed, VINO de-
ssmes ~ ~, availing themselves OF the
dsred u a. the laws of the state, reia-
provislon.s 10 organization Of corporations
dive 70 90 coyenanted and agreed, ana 90
ueS ,ssse presents, covenant anu
b. ussn and constitute themselves, as
bisd. iolh other persons who may here
u2 -, hecome associated with them,
dtff p.naration and body polite In law
ste 81; ects and purposes, and under
~ usssments and stipulations FOLLOW
ss towit;
.,rtcLE 1.-The name and style OF
sarnoration shall be heroert MAY
~ Incorporated, and under TINS
csnpsss shall have and enjoy all the
rns 'savantages and privileges granted
ngns- % corporations, IL shall exist 1or
~ ns of ninety-nine years; II snail
lever TO contract, sue and De sueo
w.. frorporate name; to make ana use
s,erste seal, and the same 10 preak
. 49, Ar pleasure; to hold, receive, pur-
ns 1 mortgage, hypothecate or
49, nroperty both real and personal
pss 49,. bonds, notes and otaw obligations
V is SO Ss acquire andUown stocks,
md securities in other corpora
ss $3.50. n have and employ managers, Oh
1850 officers, agents ana otner ein-
LOVES, as the interests anu Joa.e ana 30
ge1 corporation may require, ana 10
IND establish such bylaws, rules
p.esrui.tions for the corporate man
ga and control of the affairs OF said
ssS.ss;on. as may be deemed necessary
ssi eIpedient.
.,rrcIE 1.-THE domicile of the said
Assion shall be in the City OF New
Parish of Orleans, State of Louis
U..d citation and other legal process
49, - served on the President and In
.hseoce on the vi e-President. In case
- death OF the President OF this cor
-~fion. or in the event OF MS lnaoilily
& srt as such, his duties , anu as nv ths
yios-Prssident
.vrvcI.E III.-The objects and purposes
- mich this corporation Is ORGANIZED
"a fhe nature of the business 10 De car
- On BY 1t are hereby declared 10 pc
- ecssfruct, purchase, charter, lease, hir'
sshervise acquire, and to man, equip
.s.tsiu and operate, steamships, steam
ssE fovboats. ferry boats, sailing YES
~ hsrees and other water craft Of
s*ste,er description for Transportation
~ towage of freight and passengers To-
kIrs and to engage In ge nS hetwse s
49, an rivers, lakes, bays and othel
49, md upon the high seas, to port
~ Sasces in foreign countries, and 4
-. an A general express business ii
ssssection with the operation OF said YES
-. 10 construct, purchase, lease, hire O
efh9wise acquire warehouses;, ianuthl
.i,epG canals, docks, wharves and othe
s.csIifies and TO improve navigation OIL
s~,rs bayous and other waters, as Tn
1851 Of the company may require; y
cs.sfruct hire, lease or otherwise acquir
"a % operate dry docks and floatinl
- suitable for handling and repair
- vessels, and to build and repair yes
- n every description; to construct, pur
- hire. lease or otherwise acquire
~ = operate on land, omnibuses, auto
-rksIes trucks, teams and vehicles o
- nature and desert ption for TIT
t,sSspsrtation Of freight and passengers
4 ~ from the landing places Of the yes
- operated by said company, ano sue!
- points as the Board Of director
~ from time to time determine to
sScsasary for the business Of said com
s11g and generally to do and perform al
iKi1rs refmane and incidental TO, o
S1u1i In, the business and affairs herein
sbsR authorized.
AnTICLE Iv.-The capital stock Of TIL
cSrDoeatjon Is hereby fixed at the sum o
m tAonsand ($J0, O00.0O) dollars, Divide
~ 6ye hundred shares Of the par valu
4 - hundred (s100.00) dollars each
"a Shares shall be paid for In cas-
= = ~ purchase or exchange OF prop
iDGonRd to the sum OF fve hundre
0sunnd (S500, O00.00) dollars additional
~ shares Of stock shall be full paid an
nn-onsrssable. No transfer Of stock sha
= kInfing upon the corporation unies
na0s upen It's books and all certificate
4 eacf shall be signed by such officer
y ~ - designated by the Board Oh ~
ud1Es
r. sfock In this corporation shall b
~ upen q condition precedent and un
~ conlract and agreement In the natur
4 vos@sd rights that all such stock Is .
~ and possessed subject to the rule
heaC|aafter Get out, towit:
q Hs sale or other transfer Of share
Z oDck IN this corporation SHALL be vail
~ nd unless the opportunity has bee
az4 afforded the shareholders of recor
4 - date of such transfer, sale or othe
e1untie1, 70 purchase such stocks at boo
Nh plus twenty five per cent, the yalu
= - ascertained In the manner herei
pcurfibed. The right to acquire sal
~ hereby first vested In the otht
4o1Aot1ers Of record shall follow IN
- Into any hands to which 1t may pas
~ ney - exercised against the holder
~ IN ufuofy dayg from the tin
~ mk or transfer has been offered
ptsred on the books Of the eorpor'
y Hail be the duty Of any holder
9eck.0 this corporation who intends
ee91o - sell. transfer, ALLEVIATE or othe
~ dispose Of the same to give ten day
vul1cn notice Of such intention or desfl
y ~ Beard Of Directors of the corpor'
who are hereby constituted agen
- other stockholders for the purpo
9 "a notice. and said Board Of u
ow eh41l give immediate informatit
0Heo{s In writing, to all the other stocl
1efs q record. Before the expiratt
ne ten days from the receipt Of sa
19 by the Board Of Directors, al
9 lfAelder Of record may offer to pu
go and may acquire the right to pu
- aid stock BY notifying the Boa
M!octors In writing and thereaft
deposit the price of said stock
WIN the corporation on or befo
SEPARATION Of eighty days from Il
- neationed date.
- the receipt of the first mention,
uhe Board OF Directors shall q
Ne pefson owning said stock. b
= representative, to Join with sa
= hxtng the value Of said stoc
49, value shall be established on 4
q the last annual or semi-annu
.eat Or report Of the corporate
Ne last monthly trial balance pr