The herald., 1920-03-18
CHARTERS.
es,Brb" COMPANY. INC.

Ssf Of tne one thousand nine huhdreu
4 our LorO and of the independence Oh
sd r,aS States of America. lne one nun nun
be un pa forty-fourth stIO'T phil hi A dnIv
SSarles nan sworn and Qualined in and
ssumisslohIoh of Orleans, STATE OF LOUIS
ar the PaIliJ and in the presence of the
apa. aioi Hereinafter named ana undrr-
Sfnesses ,sonally came ana aPPeartd lne
sgned, P,sonS whose names arr HrFeun,"
ssyerai, who seVeTdllH u'1l".ti 'H 90
subscriDeut o,rs selves Of the provisions OF
,5siEng y. ~ tbe state of Louisiana IN such
ne hNs ol md nroyidcd. they have Gov
sSes made "ii,r,ad and 10y these presents
saanted ANU anu and bind themselves. as
coyenanl' "srrb prrSOuS aS may hereafter
vel as asociated with them 10 form
become ion for the objects ahc PURPOSES
nnder the artl''N """
sIsaouipg. to-wit: ..,
''pTICLE 10 TIL" name OF ,n,I ,'o,n
hoH sDan and under its said cor
nay, InS,, II shall have power and au-
porate ha"' have and enjoy corporate "N-
h0riH Va succession for tn" lull term
istenct S Of ninety min" years from ana
sd PtIr J.ta hereof, 10 contract sue ana
std "a 10 make and use '"TPordle
and the same I" nt,"N -. NJ
seal anu 10 hold, receive, l'ass Pur-
pleasure, oony.y. rs well a. mortgage
ebase a u property. real. personal
$40 hifPsd as well ~ curportdI ana IN
so Nj. 10 own and hold STOCKS ana
corPo'nf other corporations 10 name
bOnss rnint such managers, agents. nlf't-
snd apr nf6rerS ~ It's business. inter
tors shu ,anianre may require. and 10
tsls Va,d establish. a. well aS allrr ahd
nske aH I'm time to time, such bylaws,
imehO' a regulatiOnS for tn" proper con
rles an anu and regulation of the
t1eh ~ said corporation a. may be
aasssary and proper.
.nrIcI.E 1.-THE domicll" OF Sald cor
Ann An shall be in tn" city OF New Or
state of Louisiana. ana All clta-
s1 1Ss or other legal process Shall D"
sNeH Gon az In the event of his absence,
pofluV,Jb a vice preSid,nt thereof. or i'll
upon vIn,ce of said officers, upon the
as,s,sry Of said corporation.
,vr1CIE UI-The objects and pur-
An %, which this corporation * or
posi- and established and IN" nature
~ business TO be carried on ny II are
.hy declared 10 he: TO purchase,
bdegy charter. lease. grant charters of
nosrate steamships. steamboats, ana
sha Tws,ercrafts between ports of the
e Wv. states and foreign countries, and
" AZ and perform any and all things and
Wa.s In any and all business pertinent
neSec;dsntsl TO the powers herein spe-
as.slly above enumerated.
,pTICLE IV.-Thc capital stock of this
..,,orstIon is hereby hNed AT hVc thou
VA dollars $4,000, divided into ana
,snresented by fifty tJO) shares Of the par
pIe of one hundred dollars (Sl0c.OO)
sS The corporation shall become
e.. coneern and be authorized to do
ssSsness when the full amount of its capt.
81 stock shall have been subscribed ana
IA for. The amount to which the cap
ri stock of this corporation may he IN
s,sssed shall be the sum of three million
dollars (s3,0OO.00O.OO).
Article v.-AIl Of the corporate pow
avs AZ this corporation shall he vested in
.nd exercised by board of directors 10
10 composed of four a. stockholders TO
10 elected annually at "A general meeting
a the stockholders TO be held on the first
Tnssday in October in each year, except
~ Srst board Of directors named III
Iis charter who shall hold office until
he first Tuesday in October, 1922. Three
lll directors shall at all times constitute
/, auorum for the transaction of business.
an sueh elections shall he by ballot and
conducted at the office of the corporation
uader such regulations rs may be cStab-
Vshed by the Board of Directors. Notice
Al such meeting or of all stockholders
MEETINGS shall be given in the manner
prescribed by law, and when not so
prescribed then written notice of such
meeting shall be deposited, ut least fifteen
uD DAYS prior to the date of said meet
ng in the post office in the City of New
ORLEANS, postage prepaid, addressed TO
each stakeholder at his last known resi-
dence or place of business. At all such
elections and at all corporate meetings
each stockholder shall be entitled TO one
vote for each share of stock standing in
~ In mr.
stion, TO be cast by him in person or by
his written or printed proxy and ma
jOrity Of the votes east shall elect. Any
vacancy occurring among the directors
Of said corporation by death, resignation
Or otherwise shall be filled by election for
The unexpired term by the remaining di-
rectors. Failure to elect directors on the
day above specified shall not dissolve the
corporation nor impair its corporate eN-
isenee and management, but the direc-
tors then In office shall remain in of
hN until their successors are elected ana
qualified. The board of directors at its
frs meeting shall elect from its own
number a president, yice-president,
secretary and treasurer or one person TO
act az both secretary and treasurer, either
Of whom may or may not be member
Of said board. The board of directors
nay from time to time name and appoint
al such other officers and agents as IL
may deem necessary for the purposes and
business Of said corporation. Said board
sAall have power and authority TO fix
and dehne the duties Of every officer and
employee and all officers and employees
snail hold office and employment at the
pleasure OF the board At all meetings
q 0id board of directors, each direc-
tof shall have the right to appoint from
snongst the directors a proxy to act in
ms place aud stead. Said Board may
tahl ltnr nd
tmend. any and all such bylaws, rules
ehd regulations necessary and proper
m judgment for the conduct and man
tsenent OF the business and affairs of
tnd corporation. The board of direc-
yrs shall not have power or authority to
ecfrow money or incur debts, except for
current operating purposes, nor to mort
ssge or pledge or otherwise create any
asA upon any OF the property or assets
ne corporation except by and with
ny consent and approval of two-thirds
kp Oh all Of the outstanding stock of
ny company given at a general meeting
stockholders c2lled for such purpose
parpeses after notice as herein or by
prescribed. This act of incorpora-
ph may be modified. changed, altered
snehaed, or this corporation may be
-xcNed with the assent of twO-thirds
me outstanding stock of this corpor-
suoa given and obtained at general
ILLS Oh stockholders convened for
~ purposes. or any of them, after no
sueh meeting shall have been given
each stakeholder by registered mail,
%ressed to him at his last known place
n. T ance and deposited in the mails OF
~. United states at least fifteen (15) days
wi 70 the date Of said meeting, I'M
vS,.S e'nef notice be prescribed by law. in
ea.s.. went, notice shall be given in
a. ity to law. Any changes proposed
a. ,asu ae In reference to the capital stock
seresa corporation shall be so made in
mh,.uahce with the laws In force on the
ssi,.i OF increasing or decreasing the
u.fscter hereby created.
,,ARTlcLE vIL-wheneyer this corpor-
liar may be dissolved, either by nmita-
nan from any other cause. its affairs
Sens.so e h9uidated by two (2) commits
70 De chosen by the stockholders
pu,n.se neral meeting convened for such