The herald., 1920-01-29
CHARTER.
1TYR OF LONGO sTEyEDORING
ChAs COMPANY, INC.


on,nsteen: before me, George Janyier
sno ,s,y public, duly commissioned and
nr;sed in and for the State and Parish
quad and in the presence of the wit
naas herein after named and under
nsasS personally came and appeared the
ssons whose names are hereunto sub
Pihad all above the age of majority, who
.arsliy declare that availing themselves
The provisions of the laws of the State
Iouisiana relative to the organization
Generations, they do hereby associate
ioin themselves into and constitute
saynoration for the objects and purposes
"a under the stipulatiOns hereinafter set
forth.
IRTICLE 1.-The name and title of this
psny, Inc
Article 1.-THE dOmicle of the cor
..,norstion is LOngo Stevedoring Com
oorstion is the City of New Orleans and
Z shsIl exist and enjoy corporate success
s,on upder its corporate name for a period
- ninety mine years from and after ths
Sste hereof. 1t shall have the power to
me and to be sued, TO make and to use
.corporate seal and the same to alter and
h,ask at pleasure to hold, receive, lease
purchase and convey, as well as mortgage
md bypothecate property, real, personal
"A mixed, corporal and incorporeal: TO
asme and appoint such managers, agents.
S;reetors and officers as its business in
,s,ests may require and to make and es-
,.hIsh. as well as alter and amend from
line 10 time, such bylaws, rules and
rseulations for the proper government OF
,hs Affairs of the corporation as may be
accessory and proper. All citation or
other legal process shall be served accord
ing to law.
ARTICLE III-The objects and pur-
ooses for which this corporation Is or
s,n,sed and established and the nature OF
n, business to be carried on by it are
hs,eby declared to be: To engage in a
General stevedoring business; to load and
s,ioad ships, steamships, freight cars and
o,Ier vehicles Of transportation either un.
a., ,outract or otherwise; to move and
,,.,snort freight or such articles as may
~ rendered Il for transportation; TO do
..h necessary storage as may be in
s,Ssntal to or required by its business and
.~..,s,Iy to do and perform all things
ss.,tipent and incident to and which may
:. nroper and necessary TO carry out and
.,.srte the objects and PURPOSES for
sseh this corporation Is organized.
ARTICLE IV.-The carital stock Of this
eerporstion is hereby fixed at the sum OF
s.ssty.6ye thousand dollars (s25 ,00O.00),
s,,ided into and represented by two hun
ia and fifty (25O) shares of the par
s.r. AZ one hundred dollars ($t00.0Ol
.ssh. Such stock shall be paid for in
e,sh ar in such installments and at such
,,.s and after such notice to subscribers
:. ne Board Of Directors may determine
ga AZ. or same may be issued at not
SS than par for labor zone or services
,sy,ormed for said corporation or for
sroperty or rights actually delivered to
md received by said corporation.
Twenty five thousand dollars (S25. OO0.00)
Of the capital stock has been subscribed
"a, Al the time of the passing of this Act
Al Incorporation and this corporation shall
he going concern and shall be authorized
"a AZ business as soon at twelve thousand
A., hundred dollars (s12,5O0.O0) OF its
capital stock shall have been paid for.
All transfers Of shares of the capital
stock Of this corporation shall be made and
entered on the stock book of this corpora
ton and no transfer shall be in any man.
nsr binding on the corporation unless so
entered.
Stock in this corporation is issued, ac-
ouired and held by the stockholders I'M
der the following conditions which are
the essence of their rights as stockholders
and which conditions shall be referred to
IN the certificates of stock.
No stakeholder shall sell, ALLEVIATE, ny
pothecate or otherwise dispose of or en-
cumber his stock until he shall have first
offered the same to the other stockholders
Il the company, which offer shall be made
IN writing to the Board of Directors,
whose DUTY IL SntII De 10 ITduSmlt inc
sane to the stockholders Immediately, and
said stockholders shall have seven days
from the receipt Of said notice within |
vhkh they may purchase at the value
thereof
TIE value Of the stock for the purpose
aforesaid shall be the same as is shown
BY the books Of the orporation-establish-
ed on the basis of the last semi-annual
statement Of the corporation in connection
with the monthly trial balance and the
Smi-annual inventory.
II shall be the duty Of the corporation
10 make up and preserve the foregoing
trslbalance and semi annual and annual
statements for the purposes aforesaid, and |
which shall at all times be ojen to the |
view Of the stockholders.
sheuld more than one stakeholder offer !
70 buy said stock. the same shall be dis |
trbuted among those wishing to purchase ]
according to their holdings In the cor |
pe,atien.
In case Of the acceptance of the offer |
usder the provisions hereinabove set forth |
TIE price therefor shall be paid in cash |
within twenty-four hours after such ac- |
ARTICLE v-The capital stock of this |
corporation may be increased to not more |
nan nifty thousand dollars 50,0O0.00) by |
vote Of two-thirds of all Of the stock |
meeting called for that purpose.
N. ca1so v%Ai the corporate powers
adeised BY Board Of Directors, COM
pssed Of i've stockholders a majority Of |
wen shall constitute a quorum for the |
msncton Of business. The directors
s nsn be elected annually by the stock
aeaens at a meeting to be held on the |
ss sehd Tuesday Of November in each year.
sld meetings Of stockholders shall be
peeeded BY three days notice in writing |
~ 70 each stakeholder at his or her
~ ~ new! saSwn place Of residence. Each per-
- naii De entitled to one vote in per
- ~ proxy for each share Of stock
- 10. All elections shall be held under
~ NC. y, raiss and regulations as may be fixed
me hoard OF Directors. At all meet /
S.,s whether Of Directors or Of stock
y. aas az questions shall be determined /
ns.t,,..s 'ohty OF those present at such
AN me directors, when elected. shall con-
N ONCE for one year and until their
s,S sors shall have been duly elected |
49, uanned No failure to elect shall
nv 49,, me forfeiture Of this charter or
snst - the Board Of Directors shall be
sass.y the remaining Directors for the
snpNo term. The Board of Directors
h. -. ~ election shall elect from among
4 ass,ncers President, a Vice. President,
~ ssef office may be filled by one Der,
e.s.s,, General Manager. subject TO the
i src., 2. me Board shall have the right
snpicvsa"' ssa dismiss the clerks or other
IA =. o. the corporation at pleasure
ssrn.. me Interest and business Of the
nuen may require,
psr,sia. y. vII.-The funds of the cor
tne !. snsn be deposited from time TO
~ IL n. oank or banks to be selected
49, o. other Instruments drawn eve,
psr,t,ss . iss1ed In the name of the cor
" IA p.n De executed as determined