The herald., 1920-08-05
CHARTER.
CHARTER OF GENERAL sHiffiN"
CoRPORATIOS, INC.

'Twenty. before me, Frederic I. MhrN,
Notary PubliC, duly commlssloieI suH
onoIified ia and for the state ana farlsH
afnrasaid and in the presence OF the WI
nasges hereinafter mentioned anu uHuvi
signed personally came ana appt'Ieu w
persons whose names are ne NJ fri,y Nh,
srTibqd. all above the age OF majority, Nh'
sevrraIiy declare that. awaiting themstl'rs
of the provisions of the laws OF the ntht,
of Louisiana relative 10 the oFSahl@atlu
80 r1ruorati0nS they do hereby asso'ldI'
ma ioin themselves into and constitute =
caTn1raTiou for the objects and purpose,
and under the stipulatlons hereinafter >
forth. I .i,Io nj
mis- corporation is General shipping Tor
'oRifR TIGLE The domicile of the cor,
marathon is the City of New orleans anu
n shall exist and enjoy corporate success
sion under lis corporate name W
a period Of ninety nine years IFoL T
ana after the date hereof. II sndi'
20 max, and to use a corporate seal ana
in. same to altar and break nj plIdsul''
10 mold receive, lease, purchase anu w.
ycX as well as mortgage anu hEpOS"',".'
,,ronprty real. personal ana mixed, cor
noreaI and inrCrpOreal; 70 name anu aP,
Doint such managers, agents, directors anu
officers as its business interests may ~
quire. and to make ana ts'apIlSH' as MA
as alter and amend from time 10 u.Ie'
Such bylaws. rules and regulations LOT th'
proper government OF the AFFAIRS oil .mf
CORPORATION as may be necessary ans
nroucr All citation or other ltSal pro
rIasS shall lie served according 10 law.
ARTICLE 3.-The objects ana PURPOSE
for which this corporation Is orsahlLSu ""H
the nature of the business 10 De carried "'
nv II are hereby declared 10 be. 10 40 !"
general hauling, delivering, ana trdnspOr-
tation business by wagon, dray' truck, au
tOmobile, boat. railroad car or OiheT We
hicles Of transportation TO own anu op'
crate such vehicles of transportation, anu
10 buy and sell the same, whether III con I!
nection with it's business or otherwise l.
lease or rent or charter Such Nehl'l's
ouire; 10 do general forwarding huSl
ness and to act as agent or representative
for others in the various states OF IN
Union or in foreign countries, 70 DuS anu
sell real estate. and TO own ana operate
the same and the same to hypOthecatr OF
cucumber or otherwise; to DO steNcuoFlhE
TO load and unload steamships, lrelShl
cars. and all other vehicles OF Transports
tion to own and operate warehouses, store
houses. etc; to act as freight brokers' l.
engage in business as steamship agents, l.
steamboat agents, to do general exporting
and importing business ana aCt as lGl
warding agent, and TO do general commits
sion business, and generally 10 90 ana
perform any and all things essential 10
or necessary in the conduct Oh the Duslhess
hereinabOye set forth. -,
CORPORATION is hereby fixed at the sum
Twenty five Thousand (S2J,OOOOOl DOLLARS
divided into and represented by Two nun
bred and Fifty Coo shares OF the par
value of One Hundred Dollars CSlUOUt
ench Such stock shall be paid for IN cash
or in such installments and AT such time
and after such notice TO SUBSCRIBERS as the
Hoard of Directors may determine and FIX.
or same may be issued at not less than
par for labor done or services performed
for said corporation or for property or
rights actually delivered TO anu receNeu
by said corporation. ,, ,s,- ooo M,
Twenty-Five thousand Dollars (S20.OOOOol
of the capital stock has been subscribed
for at the time of the passing Oh THIS AL
of INCORPORATION and this corporation shall
be a going concern and shall be authorized
10 do business as soon as Twelve Ihou-
sand Five Hundred Dollars Sl2.JOOOOl OF
its capital stock shall have been palu LOT:
All transfers of shares Of the capltal
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 SO
entered.
stock in this corporation Is issued, ac-
auired and held by the stockholders under
the following conditions which are the es,
sence of their rights as stockholders and
which conditions shall De referred 10 III
the certificate Of stock.
No stakeholder shall sell, or otherwise
dispose of his stock until he shall nave
first offered the same to the other STOCK, STOCK,
holders of the company, which offer shall
be made In writing to the Board or lhrec-
tors, whose duty 1t shall be to transmit the
same to the stockholders Immediately, an,
said stockholders shall have seVe mays
from the receipt of said notice within
which they may purchase at the 'aiut
thereof.
The value of the stock for the purpose
aforesaid shall be the same as Is SHOWN
by the books Of the OBSERVATION-DISCLOSURES
ed on the basis Of the last semi annual
statement Of the corporation in connection
with the monthly trial balance anu the
semi annual inventory.
.hon ha ha nj af the COrDOrntiOn
TO make up and preserve the foregoing
trial balances and semi-annual ana an
nual statements for the purposes AFORESAID,
and which shall at all times be open 10
the view Of the stockholders.
should more than one stockholder otter
to buy said stock, the same shall De ais
tributed among those wishing to purchase
according to their holdings in the corpor-
In case of the acceptance Of the offer
under the provisions hereinabove set forth
the price therefor shall be paid III cash
within twenty -four hours after such ac-
ARTICLE 5.-An the corporate powers
Of this corporation shall be vested in and
s,assSoders 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 TINS charter or
any right hereunder. Any vacancy oc-
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 President, a Secretary
and Treasurer but this latter office may
be filled by one person.
ARTICLE 6.-The funds of the corpora
tion shall be deposited from time to time
in a bank or banks to be selected by the
other instruments drawn, executed or is
sued in the name Of the corporation shall
be executed as determined by the Board
of Directors. No official shall sign or use
the name OF the corporation except strict
ly In its concerns.
ARTICLE THE first Board OF III
rectors. who shall serve until their sue
cessors have been legally elected and quail
flied shall be:
r. II. Lyons. StonewalI jackson, George
Janvier. Lucien K. Lyons, Jr,, ]. Norcom
jackson. of whom Lucien 4. Lyons, Jr..
shall be President, j. Norcom Jackson,
Treasurer, and George Janvier Secretary.
ARTICLE S.-This act of incorporation
may be changed, modified or amended or
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
q a he =