The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-12
CHARTER.
CHARTER OF GENERAL SHIPPING
CORPORATION, INC.

Tord One Thousand. Nine Hundred and
Twenty; before me. Frederic Z. Marx,
Notary Public gu guy The eo Sfate and Parish
aforesaid and in the presence OF the wv
nesses hereinafter mentioned anu unuII
signed personally came ana appeaItu w
Dsrsons whose names are hereuntO SUP
scribed all above the age OF majority, Who
ssyrralIy declare that, awaiting themseNe eve
of the provisions of the laws OF the Statt
of Louisiana relative TO the orghhlLdttlV,n
Of rornorations, they do hereby associate
and ioin themselves into ana constitute
CORPORATION for the objects ana purposes
and under the stipulatons hereinafter -
ARTICLE 1.-The name and title OF
this corporation is General shipping CoF'
oI,RTICLE 2.-The domicie of the cor,
marathon is the City of New Orleans ana
IL shall exist and enjoy corporate succSs
sion under its corporate name lol
period of ninety nine years lfon
and after the date hereof. Ii shail
have the power to sue ana De sueu
10 make and to use corporate scar anu
the same to altar and break a. piJ"s cnnt
TO hold, receive. lease, purchase anu con
yev as well as mortgage and hypOthecate
property, real. personal and mixed, cor
poreaI and incorpOreal; TO name anu az
noint such managers. agents, directors anu
officars as its business interests may re
ouire and to make and establish, as wei
as alter and amend from time TO tune
such bylaws, rules and regulations LOT the
nroner government OF the affairs OF the
Pdoporation MS NAV be necessary and
proper All citation or other IeSal pro
cess shall be served according 10 Jaw,
ARTICLE 3-The objects ana purposes
for which this corporation is organized ana
the nature of the business TO De carried Oh
by 1t are hereby declared to pc 10 40 .
general hauling, delivering, and transpor-
fation business by wagon, dray, truck, au-
tomobile, boat, railroad car, or otheI We
hicles of transportation; TO own ana oP
crate such vehicles of transportation, ana
nd
uectiou with its business or otherwise u
lease or rent or charter such NehlcIcs .
transportation as its business may re
Uuire: TO do a general forwarding buSl-
ness and to act as agent or representative
for others in the various states OF IN,
Union or in foreign countries; 10 Ouy anu
sell real estate. and to own ana operate
the same, and the same to hypOthecate OF
cucumber or otherwise; TO do steVedOrlhE
to load and unload steamships, lrtlSh'
cars, and all other vehicles OF trahSpOrla
tion to own and operate warehouses, store
houses etc; to act as freight Drokers' u
engage in business as steamship agents, u
steamboat agents, to do general exporting
and importing business, ana act as lot
warding agent and to do general commits
sion business, and generally to do ana
perform any and all things essential 10
or necessary in the conduct OF the BUSINESS
hereinabOve set forth.
ARTICLE 4-The capital stock of this
corporation is hereby fixed at the sum
Twenty five Thousand t$21,OOOOOl Dollars,
dred and Fifty (2J0D shares of the par
value of One Hundred Dollars (SlOv,
each. Such stock shall be PAID Tor IN cash
or in such installmentS and at such time
and after such notice to subscribers as the
Board of Directors may determine ana I'm.
or same may be issued at not less than
par for labor done or services performed
for said corporation or Tor property OF
rights actually delivered to and received
by said corporation. - 90, 90.
TWENTY-FIVE thousand Dollars 1873, OOOOo)
of the capital stock has been suDsGrlV ~.
for at the time of the passing OF TINS Att
of incorporation and this corporation shaIi
be a going concern and SHAH De auth0TlHcu
TO do business as soon as Twelve ! hou-
sand Five Hundred Dollars ($l2JOOUOl OF
its capital stock shall have been paid 1Or
All transfers of shares of the capital
stock of this corporation shall be made ana
entered on the stock book Of the corpora
ton and no transfer shall be in any man
ner binding Oh the corporation unless 80
entered. ,
auired and held by the stockholders under
the following conditions which are the es.
sence of their rights as stockholders ana
which conditions shall be referred TO Ill
the certificate of stock.
No stakeholder shall sell, or otherwise
dispose of his stock until he shall have
first offered the same to the other STOCK,
holders of the company, which otter shali
be made in writing to the Board of Direc-
tors whose duty IL shall be to transmit the
same to the stockholders Immediately, ant
said stockholders shall have seVe mays
from the receipt of said notice within
which they may purchase at the value
thereof.
The value Of the stock for the purpose
aforesaid shall be the same as is shown
by the books of the cOrporation-eStablish.
ed on the basis of the last semi annual
statement of the corporation In connection
with the monthly trial balance and the
semi-annual inventory.
1t shall be the duty of the corporation
TO make up and preserve the foregoing
trial. balances and semi-annual and an
nual statements for the purposes aforesaid,
and which shall at all times be open to
the view of the stockholders.
should more than one stakeholder offer
to buy said stock, the same shall be as
tributed among those wishing TO purchase
according to their holdings in the corpOr-
In case of the acceptance of the offer
under the provisions hercinabove set forth
the price therefor shall be paid in cash
within twenty -four hours after such ac-
ceptance.
ARTICLE 5-An the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors, com
posed of 5 stockholders majority of
whom shall constitute a quorum for the
transaction of business The directors
shall be elected annually by the stock
holders at a meeting to be held on the list
Tuesday of June in each year: Said
meetings of the stockholders shall be pre-
ceeded by three days notice in writing
sent to each stakeholder at his or her last
known place of residence. Each person
shall be entitled to one vote in person or
by proxy for each share of stock held. All
elections shall be held under such rules
and regulations as may be fixed by the
of Directors or of stockholders, all ques-
tons shall be determined by majority
of those present at such meetings.
The Directors, when elected. shall con-
tinue in office for one year and until their
successors shall have been duly elected
and qualified. No failure to elect shall
operate the forfeiture of this charter or
curing on the Board of Directors shall
be filled by the remaining Directors for
the unexpired term. The Board of Di-
rectors after its election shall from among
its members elect a President, a Secretary
and Treasurer but this latter office may
be filled by one person.
ARTICLE 6.-The funds of the corpora
ton shall be deposited from time to time
In a bank or banks to be selected by the
Board Of Directors All checks, notes or
other instruments drawn, executed or is
sued In the name of the corporation shall
of Directors. No official shall sign or use
the name Of the corporation except strict
ly in its concerns.
ARTICLE THE first Board Of Di-
rectors, who shall serve until their sue
cessors have been legally elected and quail
flied shall be:
I. II. Lyons. Stonewall Jackson, George
. Janvier, Lucien Il. Lyons. Jr., ]. Norcom
Jackson. of whom Lucien +. Lyons, Jr.
shall be President, j. Norcom Jackson
Treasurer, and George Janvier Secretary.
ARTICLE S.-This act of incorporation
the capital stock increased or decreased
by and with the consent Of two-thirds %
Of all the capital stock.
change in the objects and purposes