The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-01
CHARTER OF JOHNSON IRON WORKS
DRY DOCK AND SHIPBUILDlNG
COMPANY, INC.

United States of America, State of Lou
isiana, Parish of Orleans, City OF New
Orleans. Be 1t known, that on this, the
10Th day of the month OF May, IN the
year of our Lord, one thousand, nine hun
dred and twenty. and of the Independence
of the United States of America, the one
hundredth and forty-fOurth, before me-
Watts h. Leverich, Notary PuDnc, uuly
commissioned and qualified, within ana
for the Parish of Orleans, State OF LOUIS
lana. and in the presence of the witnesses
hereinafter named and undersigned, per-
sonally came and appeared the several
persons whose names are hereunto SUP
scribed. who severally declared that,
ayailing themselves of the benefits ana
provisions of the Constitution of the state
of Louisiana, and of the laws or sald
State relative to the organization or cor
poIations. and particularly of the provls-
ions of Act 267 of the General Assembly
of the State of Louisiana, for the year
1914, and the amendments thereto, they
have contracted and agreed and united
to form and do, by these presents, con-
tract and agree and bind ana oDngate
| themselves TO form, organize ana constr
tute themselves, as well as all such other
persons who may hereafter join or be-
come associated with them or their sue
cessors into a stock corporation ana Dody
polite in law, for the objects and pur'
poses and under the conditions, cove
| nants, stipulations and agreements Oh tht
articles following, to-wit:
| ARTICLE 1.-The name and title or TINS
corporation shall be johnson Iron WORKS
Dry Dock and Shbbuilding Company
Inc, and under andvby said name; uhiess
sooner dissolved in accordance with la"
and this charter, 1t shall exist and con-
| tinue and shall have and enjoy corporate
existence and succession ror period OF
ninety nine 500 years from and after the
| date of this act.
IL NAV have, hold, receive, borrow
loan, exchange. acquire by grant, gift
or purchase. devise or bequest, sell, allie
nate, dispose Of. convey, lease, pledge
pawn, hypothecate. cucumber or mort
gage property of any kind, whether rear
| poreal movable or immovable, all SUD
| ject TO such limitations as may be pre-
| scribed by law. 1t may make, issue anc
endorse bonds or notes and other eSi
dences of debt. 1t may accept mort
| cages pledges or other forms OF security
for money loaned or other debts. 1t may
contract. sue and be sued, plead or b.
| implicated by its corporate name In an!
court of competent jurisdiction. 1t ma!
make, adopt and use a corporate seal ane
| alter or break the same at pleasure. II
may subscribe to and hold stock in Other
corporations, and its capital stock may
be issued for capital stock OF other cor
porations. 1t may acquire out OF IL,
undivided profits or surplus, hold ant
| reissue shares of its capital stock.
may name. appoint and employ such
managers, directors, officers, agents and
other employees as its interests, business
and convenience may require. and ma!
fix their compensation, having due re
gard to the nature, character and valu
Of their services. 1t may make and es
tablish bylaws, rules and regulations no
inconsistent with this charter or an!
existing law, fixing or altering the man
agement Of It's property. the regulation
and government of its affairs, and tn
manner Of the certification and registra