The herald., 1920-07-08
CHARTER.

an TW~n :,
first offered the same to the otn S,pr s%aII
holders Of the company: Mni'h on s No..
a.. made in writing to the B"ard OF ~ -
Tor. who's. duty il shall be L" tTdnsnl" ,m'
-. =, tb. stock holders immediately. dH'
..,iI .tork huIdprS shall nave S'N' Hunf
from the receipt Of SAID ho'ltt Nm
which they may purcha>" al 'h' '''"'
Ttr value of the stock for the purpost
I .for..,aid shall br the sam" ~ l. HnpN"
hy the hooks OF the corporation "rmn"I
,,t..I,,nt of the corporation in "ohh"''lHu
with the monthly trial hal'IN" """ u"
/ >,wi-anHual inventory.
l. shall b- the duty Of the corpor1.ii,"'m,,
I ., make NJ aud preserve tHr l"I'-'i-
/ -. I.Igur,~ aud semi annual ahu "i
rual statements for the purposes al" l'n'' -,
, and which shall at all times De "I'" W
/ Ih. ,nJT nor. tH,n on stakeholder offer
! IA huy said stock. the sam" shall nc uis
/ trihutrd among those Wishing 70 Pun,
according To their holdings III 'h'
/ In case Of the acceptance of the otirr
uuTrr rh. provisions hcr"lnaboVe SCI l"I'u
| m, prlr. therefor shall b" pdlu ia -"
] within twenty Tour """'S ''
/ ',ETICI.E All the corporate" powers
Of this corporation shall hr N'>.'u /" ANU
! ,Nrr,.i>rd Toy Board Of directors, con,
/ ,n-d nf , >to,khuIdrrS "a majority "I
/ whom shall constitute quorum Tor Nv
| transaction of business. ne "''', , ~
] shall bee elected tllhNtllN ~ ''''
/ I,,It.r. at z: meeting to Ice held on Inc -,
! Tuesday of June ia each year. 'l'''
! meetings of the stockholders >h;iH 70" pr
,,,.,I,.d bN three. days hoIr' III VII"
/ -.,t To each Sto,khuldrr AT hi> or her E'N'
/ known place of residence. t'l'h l'IN"u
J shall bp entitled to one vote III pc. S"H ~,
/ by PROXY for each share "I 80" h n'l'' II
/ .i.rtiouS shall be- held under >u'n IuI'>
. Ind ra,ruIgtiou~ a. may hc fixed 10y lh'
| OF directors or of stockholders an Hu'>
| lions shall be- determined lay H'J"''N
ah
/ I'M. Directors. when elected. Shdll con
! tiuur in office, for one year ana uH'H 'l''i
>urrr~~orS shall have been duI} ''I''mm
and uuulifird. NJ failure To elect NH"i'
| ,,,..r,i. mo forfeiture of this charter or
any r.ght hereunder. Any vacancy "I
/ ,IIirin. on the Board of Directors shall
be- filled 10y the remaining nhr'1I"rI H."
| th. uur\uirrd term. IN" f"arH "i III
| rector, after it, election shall from aIh"h-
| its members elect "a President H,'r'!'IA
! aud "a Treasurer hut TINS ialI'r "''l' MAY
b,. filled hN one person.
! ,rTICTE 6 The funds of IN" corpora
ton shall be- deposited from TIM" 10 UNI
i'm Il bank or banks 20 b" selected 10y lh,
| Hoard of Directors All checks. n"I"> or
| other Instruments drawn. executed or p
| sued i'm the name of the corporation >haIi
b,. executed az determined 10y ~" Soar"
Of directors. No "iilrlal >h"Il san ~
The name of the corporation except strict
| IL in it, concerns. -.
| ARTICLE TIL" first Hoard "i ~
! r,a.ror~ who shall serve uulil lh"lr Nu,
ltts~SOT~
"i T n Lyons. Stoncwau Jackson. Grorgr
Jnuyirr. Lucirn l.. Lyons. Jr.. J. N"r'@W
Lack son. of whom LuCien +. Lyons. IL
Shall hr President. j. NorcUm Jackson,
Treasurer. and George JanNier SECRETARY
| ARTICLE N-This act of Incorporation
may be- changed: modified or hm'nu'I "I
the capital stock increased or decreased
ny ana with the consent of two-ihirds ="
of all the capital stock.
| \ change in the objects and purposes
Ill N-taf.s II
| standing stock ami an Increase OF the
CAPITAL stock in excess of I'll" amount haH-
ed herein rs the amount to which II may
be increased may be made Oy ihre'-lour'ns
- of all the outstanding stock.
| This corporation may he dissolved 10y q
vote of twO-thirdS % Of all the Sio'A oil
a meeting called for that purp"se.
Notices of all meetings referred 10 III
this act of Incorporation shall be given
in the same manner as is provided for tht
. giving of notices of the annual meeting oil
| stockholders.
In case of dissolution or the termination
of this charter either by limitation or Oth
crwiSe the affairs of this corporation Shal
be lidudated by one liquidator chosen 10y
| tbe Stockholders from among their OWL
. number, who shall have full authority IL
settle and wind up the business ana al
fairs of the corporation.
The terms and conditions anu tht com,
penSatiOn for this service shall be tlAtd
ut the time of election. In ease OF th'
death or other disability of the said hqul
! Il
stockholders at a meeting to he called
: as above provided for.
| ARTICLE 9.-No stockholders of thi'
b. ! CORPORATION shall be held liable or re
% | sponsible for the contracts. defaults o.
debts of this corporation nor shall any
mere infOrmality in the organization nave
the effect of rendering this charter nuI
or of exposing any StOckhOlder 10 any iur
Their liability that to pay the unpaid bal
ance on any stock subscription mad" u!
him.
ARTICLE lO.-In order that this charte
MAY also serve aS the original subscription
list the subscribers hereto have WRITER
opposite their names the number %
shares subscribed for by each. which are
Lucipn f. Lyons 1911 Louisiana Avenue
100 shares; ]. NOrcOm Jackson, 1918 stat
1 Street. 100 shares; George Janvler
l725 Joseph street. II shares: StonewaI
To- jackson. 1913 State street. l. Il shares
r II. Lyons. 1911 Louisiana avenue. II l.
shares; l.. H. Harrison. l2lS Napoleon ave
= Eue. 10 shares.
All of which above subscriptions ar
r. PAYABLE in cash.
a Thus done and Passed ut New Orleans
=, La. on this LIST day of July. 1920 in tn
: presence of f. DAILY and John st. Paul Jr
competent witnesses residing in this Par
/, ish who have signed these presents "a
gethrr with the said appearrrs aud m'
= Notary. after reading of III" whole.
4 iNamcS of SignrrS Omitted.
!, Witnesses
r.. DAILY.
N John st. Paul. Jr.
,e tSignedD FRED G. MARIN.
!, Notary Publ,
\ ]. the undersigned Recorder of Mort
u cages in and for the Parish of Orlean
- State of Louisiana. do hereby certify tha
=, the above and foregoing Act of IncOrpor:
., tion. of the General Shipping Corporation
Inc. was this day duly recorded in IN
Ia office IN Book 1916. folio 971.
=, CSignrdD EMILE J. LEONARD. II. Il.
=, New Orleans July LIST. 1920
an \ true copy:
=, FRED e. MARX, Notary Public.
a. July S-Aug. l..
UI