The herald., 1920-08-19
CHARTER OF GULFPORT FRUIT 4
STEAMSHIP COMPANY. IN
CORPORATED.

STEAMSHIP COMPANY. IN
CORPORATED.
United States of America. State of Lou
iSiana. Parish of st. Tammany. he II
known. That on this 9Th day of August.
a u. 1920. before me. benjamin NJ Miller,
Notary Public, duly commissioned and
sworn, in and for the Parish of st. Tam
many. State of Louisiana, therein residing.
personally came and appeared the persons
whose names are hereuntO subscribed. VINO
declared that availing themselves of the
laws of the State of Louisiana, relative
to the organization of corporations, they
have coyenanted and agreed and by these
presents do covenant and agree TO bind
and form and constitute themselves. as
we'll as such other persons who may here
after Join or become associated with them.
! into a corporation and body polite In
! law. for a period of ninety nine years, and
| for the objects and purposes and under
the agreements and stipulationS follow
| ing, tO-wit:
| ARTICLE 1.-The name and style Of this
| corporation shall he "GulfpOrt Fruit 4
| Steamship Company. Incorporated" and
| its domicile shall be in the City Of New
| Orleans, Parish of Orleans. State OF Lou
| isians. All citations and other legal pro-
| cess shall be served on the President, and
| in his absence, on the Vice President, and
| i'm the absence of both. on the Secretary or
| Treasurer. and. in the absence of all of
such officers. in the manner provided by
| the laws of Louisiana.
ARTICLE 1.-THE objects and purposes
| for which this corporation is established
| and the nature of the business to be car
| ried on by il are to build, equip. own,
| lease, charter, operate, buy and sell ships
| and vessels of all kinds, in cOastwise or
| foreign trade; to engage in the business
of forwarding or shipping agents; to buy
| and sell and to import and export fruit.
vegetables and products of all kinds; TO
buy. sell, own and operate plantations and
| farms for the raising of fruits. vegetables
and all products of the soil both in the
| State of Louisiana and elsewhere; to pur-
chase, acquire, construct, lease and oper-
| ate terminals or landings, and generally
to engage in any business convenient or
necessary or incident to, or connected
| with. the operation of the business and
| industries above mentioned.
| ARTICLE III.-The amount OF the to-
| tai authorized capital stock of this cor
poratiOn is three thousand (3,OOOl shares,
| Of which amount one thousand N,OoO)
shares of the par value of oae hundred
dollars (S1O0OOD each. amounting to one
hundred thousand dollars $500, 0O0.00)
shall be preferred stock; and two thOus-
and (2.00oj shares of the par value of one
| hundred dollars (S100,00) each. amounting
! 60 two hundred thousand dollars 1920
OOO0O), shall be common stock. Said pre-
ferred stock shall entitle the holder there
| of to receive out of the net earnings. and
| the company shall be bound to pay, a
fixed cumulative dividend at the rate of
| eight per cent (Sco) per annum, payable
quarterly, half-yearly or yearly, as the
Directors may from time to time determ-
| inc. before any dividends shall be set
| apart or paid on the common stock. The
holders of preferred stock SHALL in case of
| liquidation or dissolution of the company,
| be entitled to be paid in full. both the
| principal of their shares and the accrued
| dividends charged, before any amount
| shall be paid to the holders of the gen
eral or common stock. Said preferred
| stock shall be subject to redemption at
| nj ~ ffNn sNal1
| (Sl25.0O) per share and accumulated divi-
| dends unpaid at the time of redemption,
or any date of payment of preferred stock
dividends or at such other times or in such
| other manner as the Board of Directors
| may determine, after three years from the
issue thereof. The holders of preferred
stock shall not by reason of their hold
ings thereof be entitled to vote at NEE,
ings of stockholders, the voting power be
ing vested exclusively in the holders of
the common stock. The capital stock of
the corporation may be increased from
time to time, by amendment to this char
ter, in accordance with law. to the sum of
one million dollars (S1.0OO,0O0.00) or any
part of such sum, to be represented by
preferred stock or common stock. in such
amounts and upon such terms as the stock
holders may determine, and in accordance
with law. Shares of stock shall be rep
resented by certificates signed by the
President and Secretary.
ARTICLE IV.-The affairs of the cor
poration shall be managed by a Board of
Directors. composed of not less than
seven nor more than nine stock
holders, who shah be elected an
nually by ballot, at stockholders
meeting to be held on the second Wednes.
day of August in each year Tor, if that d
fall on legal holiday, then on the next
secular day following), the first meeting
OF the stockholders to be held on Wednes-
day, August 18th, 1920 at the office of the
company, in the City of New Orleans. La
AZ eleven o'clock a. m, and at such meet
| ing the Directors of the Company shall
| be elected, and such Directors of the Com
pany shall proceed to elect at each of said
meetings, a President. one or more Vice
| Presidents, n Secretary and a Treasurer.
Inc same person may be both Secretary
| and Treasurer, or a Vice President and
| secretary or Treasurer. ANY failure TO
| elect Directors annually shall not dissolve
the corporation, but the Directors then in
otilce snail continue to serve until their
successors shall have been duly elected
and qualified. Any vacancy on the Rosrd
OF Directors. occurring by death, resigna-
ton or otherwise, shall be filled by the re-
naming Directors. Stockholders meet
lngs may be held when ordered nv tbe
Board of Directors and shall be held at the
request of the holders of twenty-five nor
cent OF the outstanding common stock
Notice OF all stockholders meetings, other
than adjourned meetings, shall he givan
by written notice to each stockboIder
through the mail, at his last known ad
dress, at least fifteen Q0 DAYS before
sucn meeting. Each stakeholder shall he
entitled TO one vote for every share Of
common stock owned by him. With the
written consent of all the Directors. valid
meetings of Directors may be held ont
side the State of Louisiana, or within tbe
state of Louisiana elsewhere than at the
domicile of the corporation. INV
ARTICLE V.-This charter NAV no
amended or this corporation dissolved nv
two-thirds vote of the outstanding stock
AZ a stockholders meeting called bv tbe
Board of Directors, after having given no
tlce TO each stakeholder in writing stat
ing the purpose for which said meeting
Is called, at least fifteen days before sncb
meeting, and deposited in the postoffica
addressed to his last known address In
case OF dissolution, the Board Of Directors
shall act as liquidators
ARTICLE NI-The Board of Directors
snail have the right to employ and dis
miss clerks and managers, and TO adont
bylaws Tor the general management ~
.ne corporation, and can amend the same
at their pleasure. Ae
ARTICLE Widths corporation shall
ENJOY all rights and privileges granted nv
law 10 corporations and snail use a cor,
porate seal 1t shall have power to con.
tract, sue and be sued in its corporate
name, TO hold, receive nurchaoa