The herald., 1920-06-24
CHARTER OF PONTCHARTRAIN EN-
CURSION COMPANY. INC.

isiana. Parish of Orleans. CITY of New
Orleans BE it known, that on this 22nd
day of the month of May, in the year
of our Lord one thousand nine hundred
and twenty, before me, John ]. Kelley
notary public in and for the parish OF
Orleans, state of Louisiana. duly commits.
stoned and qualified. and in the presence
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared the several persons whose names
are hereuntO subscribed. who declaring
that desiring TO form a corporation under
the laws of the state of louisiana and
particularly Act 267 of 1914, they have
cOvenanted, agreed and bound them selves
and such other persons as may hereafter
join with them and their successors to
form corporation upon the following
terms. conditions and stipulatiOns. which
the said appearers hereby adopt as their
charter, tO-wit:
ARTICLE 1.-The name of this corpora
ton shall be "POntchartrain Excursion
Company, Inc" and under such name il
shall have power and authority to con.
tract, sue and be sued. 70 nave n corpor-
ate seal to hold, receive. purchase, alien
late sell, mortgage, pledge. hypOthecate
property, real, personal or mixed to make
and issue bonds, to borrow and lend
money. and to give the necessary security
therefor; to make and establish bylaws
rules and regulations FOR rie management
OF its affairs as may be deemed necessary
possess all the powers rights. privileges
and tnmunities which corporations are
and may hereafter be authorized to pos
sess under the constitution and laws of
this state and particularly Act 267 of
1914; it shall have power to vest in its
board of directors all or ITS corporate
powers, subject only to such restrictions
as may be named in this charter
ARTICLE II.-This corporation. unless
sooner dissolved. shall exist ana continue
for period of ninety-nine years from
and after the date hereof. Its domicile
where all citations or other legal process
shall be served upon the president or in
his absence on the secretary Of the com
pany.
ARTICLE III.-The objects and mr.
poses for which this corporation is or
gan1Zed, and the business to be carried
on by it, are hereby declared to be:
To operate for freight and passenger
trade In Lake POntchartrain and other
bodies of water adjacent 10 the city of
New Orleans the gasoline propelled boat
Lillian D.; to rent, lease and charter
said boat for freight and passenger ser
vice and to do and engage in any other
business connected with. growing out of,
germane or incidental TO any of the pur-
poses hereinabove set forth or confem
plated by the charter.
ARTICLE IV.-The capital stock of this
corporation is hereby f1xeG at five thou
sand dollars, divided into fifty (J0) shares.
ut the par value of one hundred dollars
each, and all of said stock is to be com
mon stock; said stock shan be paid for
in cash or labor done or property actually
received. This corporation shall have the
right to commence business when fifty
per cent of its capital stock shall have
been subscribed, and the right is reserved
to increase the amount of its capital stock
up to the sum of twen,y thousand dol
lars. All transfers of stock shall be made
on the books of the company on the sur
render of the outstanding certificates and
pursuant to such rules as the board of
directors may prescribe.
ARTICLE V.-The business of this cor
poratiOn shall be managed and all of the
powers shall be vested in a
board of three directors, all of whom
shall constitute a quorum for the trans
action of business, to be elected from
among its stockholders at meeting
called for that purpose. The board of di-
rectors shall elect from among their num-
Der president, a vice-president and a
the office of secretary
and treasurer being combined The board
of directors shall have full and complete
control of the business affairs and prop
erty of this corporation, and they shall
manage, conduct and use tae same as in
their discretion they may deem best with
power to appoint all agents, clerks and
employees and to fix their compensation.
Any vacancy occurring on the board of
directors shall be filled by the remaining
members of the board for the unexpired
term.
ARTICLE VI.-The first board of di-
rectOrs of this corporation is hereby fixed
at three in number and shall be COM
posed of Anthony Denapolis, John J. ROux
and Philip Gihlbach, all of New Orleans,
with the following officers: Anthony
DenapOlis, president; Philip Gihlbach.
ce-president: John J. ROux, secretary
treasurer, which said board shall serve
until the first meeting or the stockholders
Tor the election of directors or until their
successors are elected on the second Tues
lay in April, 1921. and annually thereafter
All elections shall be by ballot and each
share of stock shall be entitled to one
TOte, whether cast In person or by proxy.
ARTICLE vII.-This charter may be
changed. altered or amended, and the
corporation may be dissolved or liqui-
lated in the method and manner pointed
,ut by Act 267 of 1914.
ARTICLE vIII-No stocSnoIder shall
.ver be held liable or responsible for the
or faults of this corporation
n any further sum than the unpaid bal
lnce due the corporation on the shares
'wned by him, nor shall any mere in
Ormality in organization have the effect
II rendering this charter null or exposing
my stakeholder to any liability beyond
he amount of his unpaid stock.
Thus done and passed in my office in
he city of New Orleans. state Of Lou
siana. in the presence Of Joseph A. Casey
iding in this city, who hereunto sign their
lanes with said appearers and me, no
airy, after a due reading Of the whole,
IN the day, month and year first above
written.
A. Denapolis, 1000 Common street, IS