The herald., 1920-06-03
CHAR TIERS.
CHARTER OF JOHNSON IRON WORKS,
DRY DOCK AND SHIPBIILDING
COMPANY. INC.

/ United States of America. State of Lou
/ i>iana Parish of orleans. city of New
/ Orleans he it known, that on this, the
/ 18th. day of the month of May, III the
year of our Lord. one thousand, nine hun
drrd and twenty, and of the independence
/ of the United States of America. the one
} hundredth and forty fourth. hefor" me,
Watts X Levrrch. Notary Public. duly
commissioned and qualified. within and
/ 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 sub
scribed. who scverally declared that,
| availing themselves of the benefits ana
| provisions of the Constitution Of tSe state
| of Louisiana, and of the laws of said
state relative to the organization of cor
pOrations. and particularly of the provis-
| ions of Act 261 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 Obllgatt
themselves to form. organize and cOnstl-
tutp themselves. as we'll as all such other
persons who may hereafter join or be-
come associated with them or their sue.
crsSorS. into stock corporation and body
polite in law. for the objects and pur-
poses and under the conditions. cove
| nants. StipulatiOnS and agreements OF the
| articles following. tO-wit:
! ARTICLE 1.-The name and title Of this
corporation shall he Johnson Iron Works
Dry Dock and Shipbuilding Company,
Inc. and under and by said name. unless
| sooner dissolved in accordance with law
and this charter. il shall exist and con
tinue. aud shall have and enjoy corporate
existence and succession TOR period of
ninety nine (99) years from and after the
date of this act.
Ii may have. hold. receive borrow.
loan exchange. acquire by grant. gift
|nr has
nate. dispose of. convey. lease. pledge,
pawn. hypOthecate. encumbeg or mort
gage property of any kind. whether real.
personal or mixed. corporal or incor-
poreal. movable or immOvable. all sub
ject to such limitations may be pre-
Scribed by law. 1t may make, issue and
endorse bonds or notes and other evil
dences of debt. 1t may accept mort
cages, pledges or other forms of security
for money loaned or other debts. Ii may
contract. sue and be sued. plead be
impleaded by its corporate name in any
court of competent jurisdiction. lt may
make adopt and use corporate seal and
alter or break the same ut pleasure. 1t
may subscribe to and hold stock in other
corporations, and its capital stock may
be issued for capital stock of other cor
undivided profits or surplus. hold and
reissue shares of its capital stock. 1t
may name. appoint and employ such
managers, directors, officers, agents and
other employees as It's interests. business
and convenience may require, and may
fix their compensation. having due re-
gard to the nature. character and value
of their services. 1t may make and es-
tablish bylaws rules and regulations not
| inconsistent with this charter or any
existing law, fixing or altering the man.
agement of its property. the regulation
and government of its affairs, and the
manner of the certificatiOn and registra-
ton of it's stock. 1t may wind up and
| nr Is
solved in the manner prescribed by law
Ii may conduct business in this State
/ other states the Federal Districts. the
. Territories and possessions of the United
States, and any foreign country. Ii
shall have the power to invest its Board
, of Directors with all Of its corporate
powers. subject to such restrictions as
may be named in this charter. And il
generally shall have and possess all the
powers, rights, privileges and immunities
which corporations are and may hereafter
be authorized to have and possess under
the Constitution and the Jaws of this
State. and particularly under Act No 267
of the Acts of the General Assembly of
the State of Louisiana for the year 1914
and the amendments thereto.
ARTICLE 1.-THE domicile of this cor
pOratiOn shall be in the Parish of Orleans
State of Louisiana, and all citations or
other legal process shall be served upon
the President of the Company. or in
his absence, upon a Vice President
ARTICLE III-The objects and pur-
poses for which this corporation is orga-
nized and the nature of the business to be
carried on by IL are hereby declared TO
be: to build, fit out. and repair steam
ships, steam boats, tugs, dry docks
bargeS and other water craft to own
aud operate dry docks. fOundries machine
shops. repair plants and other convent
enceS Tor the building, repairing or dock
ing of ships and other vessels: to buy or
otherwise acquire, and /Or ouild and /Or
repair machinery of all kinds. ships, yes
sells and water craft complete or not
complete, sound or out of repair, for the
purpose of improving. reSelling charter
ing. operating or otherwise making n
profit out of same. together with engines.
boilers, machinery. tackle and ship ap-
p6tenances of all kinds; TO exchange it's
entire capital stock or any mart thereof
for property which il is authorized TO
acquire. or to exchange its entire assets
ana business, or any part thereof. for
PROPERTY stocks, bonds or other obliga-
tons of other companies. firms or indi-
Nlduals; TO buy, sell lease. hold. develop
and Improve real estate; especially TO ac-
quire all of the assets and liabilities of
the Johnson Iron Works. ltd. "a cor
poration organized by act before James
Fahey a Notary Public for the Parish
of Orleans. dated May % 1889. recorded
IN the Mortgage Office OF the Parish of
Orleans. in Book 800. Folio 1881. and all
, of the dry docks, lands and physical as
sets and good will formerly belonging to
the New Orleans Dry Dock & Shipbuild-
ing Company. TO enter into. make perform
and carry out contracts and agreements
OF every kind not contrary to law with
any individual, firm, partnership, asso.
citation. company. syndicate. corporation,
government, state. municipality. political
subdivision or other public or private
body or authority. and to carry on any
other business. which. under the law II
may be entitled 60 carry on which NAV
seem TO the corporation to be calculated
directly or indirectly, to effect the afore.
said objects and purposes or either of
them. or to facilitate the corporation in
the transaction of its aforesaid business
or businesses or any part thereof or in
the transaction of any other lawful bust
ness that may be calculated. directly or
Indirectly. to enhance the value of or to
render profitable, any of the corpora
tions property and rights, and generally
10 hold and exercise all such Incidental
powers and privileges. and to do and per
FORM all things relate to the objects
and purposes hereinabove set forth or as
may De needful. necessary, proper useful
or convenient for effesting said objects
and purposes or any of them.
| ARTICLE IV.-Section 1. The capital
stock of this corporation is hereby fixed
at One Million Two Hundred Thousand
81, zoo. 000.00) Dollars, divided into and
represented by four thousand (4000)