The herald., 1920-06-17

CHARTER or FRENCH AMERICAN
LINE. INC, or LOUISIANA.
United States of America. State of
Louisiana. Parish of Orleans, City of
New Orleans BE it known, that on this
27th day of the month of April, IN the
year of one thousand nine hundred
and twenty. before me. Henry /. Dart,
Jr. notary public. duly commissioned
and sworn in and for the Parish OF
Orleans and City of New Orleans,
therein residing. personally came and
appeared the persons whose names are
hcreUntO subscribed, who declared that,
aVailinG themselves Of the provisions
of the laws Of the state, relative To
the organization of corporations, they
have COYenanted and agreed and do.
by these presents. covenant and agree,
bind. form and constitute themselves.
"a well as such other persons who may
hereafter join or become associated
with them. into a corporation ana body
polite in law for the objects and pur-
poses and under the agreements and
stIpulationS following, tO-wIt:
ARTICLE THE name and style of
this corporation shall be French Amer
lean Line, Inc. of Louisiana, and I'M
der this name il shall have and enjoy
all the rights. advantages and privil-
! eyes granted by law to corporations
| IL shall exist for a period of ninety
nine years, il shall have power to con-
| tract, sue and Toe sued in its corpor-
ate name. to make and use corpOr-
ate seal. and the same to break or
alter at pleasure, to hold receive. pur-
chase, convey, mortgage, hypOtheCate
or pledge property, both real and per-
sOnal: to issue bonds, notes and other
obligations: to purchase, acquire and
| own stocks, bonds and securities in
! other corporations; to have and EN-
! plOy managers, directors. officers,
! agents and other employees, as the
| interests and convenience of said cor
! poratiOn may require: and to make and
| establish such bylaws. rules and regu-
lations for the corporate management
: and control Of the affairs of said cor
I pOration. as may be deemed necessary
! and eXpedient.
ARTICLE 1.-THE domicile of the
said corporation shall be in the City
| of New Orleans. Parish of Orleans
state OF Louisiana, and citation and
| other legal process shall be served on
the President and in his absence on
death of the President of this corpor-
| alton, or in the event of his ina ability
TO act as such, his duties and func-
! tons shall devolve upon and be full
filled by the Vice President.
ARTICLE III.-The objects and pur-
| poses for which this corporation is or
ganized and the nature of the bust
ness to be carried on by it are hereby
declared TO be: To construct, purchase,
! charter, lease. hire or otherwise &C
Iuire, and TO man, equip. maintain
! and operate, steamships, steamboats,.
| towboats, ferry boats. sailing vessels,
| barges and other water craft of what
| ever description for TRANSFORMATION
and tOwage of freight and passengers
for hire and to engage in a general
| transportation business. upon and be-
tween places on rivers. lakes, bays and
to ports and places in foreign coun-
tries, and to carry on a general ex-
press business in connection with the
| operation of said vessels, to construct
purchase, lease, hire or otherwise ac-
| quire warehouses, landing places
canals, docks, wharves, and other facil-
ltles and to improve navigation on
| rivers, bayous and other waters, as the
! business OF the company may require:
! To construct. hire, lease or otherwise
acquire and to operate dry docks, and
/ Hoatlng docks, suitable for handling
ana repairing vessels, and to build and
| repair vessels of every description: to
construct, purchase. hire. lease or 9TH
| erWlSe acquire, and to operate on
| land. omnibuSes. automobiles, trucks
teams and vehicles of every nature
and description for the transportation
OF freight and passengers, to and from
| the landing places of the vessels oper-
ated by said company, and such other
points as the Board of Directors may
from time to time determine to be nee
eSSary for the business of said com
pany and generally to do and perform
al things germane and incidental TO
hereinabove authorized.
ARTICLE !V.--The capital stock of
! mis- corporation is hereby fixed at the
sum sum OF one hundred and fifty thou
| Z
teen hundred shares of the par value
of one hundred dollars (s1OOOO) each.
which shares shall be paid for in cash
or IN Ihe purchase or exchange of
may be increased hereafter to the sum
| OF three hundred thousand dollars
s'oUY9o1. All shares of stock shall
| De run paid and worcestershire No
| transfer of stock shall be binding
upon the corporation unless made
upon ITS books and all certificates of
/ hN-
as may be designated by the Board
OF directors All stock in this cor
tfon shall be held upon a condi-
| ton precedent and under contract and
| agreement in the nature of vested
rights that all such stock is so held
ana anu, possessed subject to the rules and
hereinafter set out. to-wit:
| az No sale or other transfer Of
! SHARES of stock in this CORPORATION
snali be valid until and unless the
shareholders of record at the date Of
such transfer. sale or other alienation
10 purchase such stock at book value
to to-" be ascerfained per cent the value
| IN prescribed. The right to acuniSe
said stock hereby first vested in ;he
low the stock into any hands to which
| IL may pass and may be exar,iSsj
AGAINST the holders thereof within
or rh trSns Gays b from mt the time any sale
.ered on the books of the corpora
ZION; ~ snail be the duty of any hold
er OF stock in this corporation who in
eends or desires to sell. transfer. alien
| ATE or otherwise dispose of the same
| 10 give ten days written notice Of Such
intention or desire to the Board of Di-
LectorS OF the corporation. who are
hereby constituted agents " the ):hec
| Stcckholders for the purpose of su n
hb,ce. and said Board Of Dirartors
shaI give immediate information
.hers3I, IN writing, to all the other
! stockholders of record Before tha
expiration of the ten days from the
| receipt of said notice by the BOARD
OF directors, any shareholder of rec
ORD may offer to purchase. and nav
| acquire the right to purchase. said
STOCK by notifying the Board Of Di-
/ Iectors IN writing and thereafter shall
deposit the price of said stock in cash
WIN the corporation on Dr before the
expiration of eighty Gays from ths
last mentioned date
Upon the receipt of the first men,
tioned notice, the Board of Directors
snail advise the person owning said
STOCK. his agent or representative. to
Join with said Board in fixing the