The herald., 1920-08-12
CHARTER OF OYSTER SHELL PROD
ICTS CORPORATIONS, INC

nited states of America. State of Lou
iSlahi' IarlSh OF Orleans. city of New Or
rams be IL known. that on this 18th daV
OF the month of July. in the wear of our
LORD. one thousand nine hundred and
! twenty, and of the Independence of the
United States of America the ON. bundraJ
! anu forty -tlfth: Before me. Scott T. Beer
a Notary Public. in and for the Parish of
! orleans, State of Louisiana aforesaid
therein residing. duly commissioned sworn
ana qualified, and in the presence of tho
witnesses hereinafter named and under
signed Personally came and nppeo rod
'ht several persons whose names are here
unto subscribed. who sevcrally declared
that, awaiting themselves of the nroviSionS
OF the laws of the State of LouiSiana in
Such eases made and provided, and mar
ucularly of the provisions of Act No of7
OF the Acts of the General Assembly of the
STATE OF Louisiana for the wear 1914 tbav
nave coNenanted and agreed and do nv
these presents covenant and agree and
oIhu themselves. aS well rs all such per
>onS as may hereafter join or become as
sOclated with them. To constitute and form
a corporation and body polite in law for
Tue OBJECTS and purposes and under the
artlTles and stipulatiOnS hereinafter set
lorth ana expressed. which they hereby
tO-wit: i'i0"'
ARTICLE THE name ami style of this
corporation shall he oyster SHELF,
ffoDlCTS CORPORATION. INC" and
under us SAID corporate name it shall have
SION Tor the full term and period of nine
lynne years from and after the date
mercer; II shall have power and authority
10 contract. sue and be sued 10 make anj
use Il corporate seal, and tine same to alter
ana break at pleasure: to hold receive
lease purchase and convey, ms well as
mortgage and hypothecate. property. real
p orsoIal ana mixed, corporal and incOr-
poItdI' 10 name and appoint such man
ayers, agents, directors and Officers as its
ou:nInesS, interest ana convenience may re-
Pulre, ana TO make and establish. as we'll
as alter and amend from time IN time
such bylaws, rules and regulations for rho
proper government of the affairs of said
coTPoratlon as may be necessary and
ARTICLE 1.-THE domicile or this cor-
poratlOn shall be in the CITY of New Or
leahS; State of Louisiana. and all citations
or Other legal process shall be served unon
Ine PRESIDENT of said corporation or. in the
event OF his absence. upon the Vice PreSi
dent thereof, and. in the absence of botb
thereof i''"I1
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lzeu ana the nature of the business to he
carried on by il are hereby declared 70 he.
70 acquire, gather, treat, grind and other
WISE make use OF oyster shells and like
products OF the sea and other waters and
10 sell the same and their by-products: TO
acquires lease, mortgage, pledge and sell
real ana personal property. including
tuES' scOWS ana other floating
equipment to operate dredges tugs, scows
ana other floating equipment and TO make
cOnlracts Tor the hire of the same; to pur-
cnaSe. hold, sell, mortgage or pledge or
otherwise dispose of shares of the capitoI
STOCK OF any other corporation or corDOra-
lions, ana, while owner of said stock, TO
exercise all rights, powers and privileges
OF such ownership, including the right to
Note thereon; and generally to do all such
thlngs as may be incidental to or con
nected with the business contemplated in
this charter 4"
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum of
twenty thousand dollars (S20.OOOOO) di-
Vlded into and represented by two hundred
shares of stock. of the par yalne Of ono
hundred dollars ($1OOOO) each. Said stock
snail be paid for in cash, at such time in
such amounts ana after such notice TO the
SUBSCRIBERS as may be fixed by the Board
OF directors. or the same may be issued at
not less than par for labor done or pron
erIy actually received by the corporation
rms corporation shall become going
concern and be authorized to do business
when ten thousand dollars $4,000. OOD of
and paid for
The amount to which the capItaI STOCK
OF TINS corporation may be increased shall
pc the sum of one million dollars
Isl. 900 900 OO
ARTICLE V-All the corporate mowers
OF said corporation shall be vested in and
exercised by Board of Directors com
posed or live stockholders a majority of
whom shall constitute a quorum Said |
directors shall be elected annually on the
,ept the first Board appointed in this Char.
,irst Monday In January In each year. ex- !
.er, who shall hold their offices until the |
lrst Monday In January, 1921
All sucn elections shall be held BY ballot |