The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
CHAR TIERS.
CHARTER OF JOHNSON IRON WORMS
DRY DOCk AID >HIPBI lIDiNH
COMPANY. INC.

VI
I@rh day Of ia" month Of May. in IN"
wear of our Lord. one thousand. uiu" nun
drrd and twenty. and of ia" independents"
of the United States Of America. the. on"
nuudrcdrh and forty fourth. before me.
WATTS X It.Ncrirh. Notary Public. duIA
commissioned and pualifird. within aud
for the Parish OF Orleans. State of Louis
lama. aud ia tn" prr>cnC" Ot IN" Witnesses
hereinafter named and Undersigned. per
SuualIv came and appeared the several
persons whose names are hcreunto SUB
srrihrd. who stNcrally declared that
ayailiug themselves of ia" benefits ana
provisions at the Constitution of nSe State
of Louisiana. and of the laws Of Hald
State relative to the organization OF cor
Doratiun> aud particularly of the proNlS-
ions of Act 20 of the General Assembly
of the State of Louisiana, for tn" year
1914. and the amendments thereto. th'l
have contracted aud agreed and united
TO form and do. by thcS" presents. con
tract and agree aud bind ana Ohhgat"
them clveS to form. organize aud cOnSti-
tutp Themselves, ~ we'll as all such other
persons who may hereafter join or he
come associated with them or their sue
rr>>nrS. into stock corporation and body
polite in law. for the objects and pur-
poSc> and under the conditions. cove
. nantS. StipulatiOn> and agreements OF the
articles following. to-wit.
ARTICLE 1.-The name and title of this
corporation shall be johnson Iron Works.
Dry Dock aud Shiphuilding Company.
Inc. and under aud 10y said name. unless
Z sooner dissolved in accordance with law
/ md this charter. IL shall exist and con
! tinne and shall have and enjoy corporal"
existence and succession or period 81
! linety- nine C99I years from and after Tn"
date of this act.
II may have. hold. receive borrow.
loan. exchange. acquire 10y grant. gift
pr purchase. devise or b"qurSt. sell. allie
; nate. dispose of. convey. lease. pledge.
/ pawn. hypOrhecate. rncumbe: or mort
gage property of any kind whether real.
personal or mixed. C0rporeal or incOr-
/ Doreal. movable or immovable. all sub
, ject to such limitations as may be pre-
Scribed by law. 1t may make, issue and
ndOrse bonds or notes and other evil
lences of debt. 1t may accept mort
| cages. pledges or other forms of security
| or money loaned or other debts. 1t may
| contract. sue and be sued plead or be
! mpleaded by its corporate name in any
| 'ourt of competent jurisdiction. IL may
! make, adopt and use q corporate seal and
! liter or break the same az pleasure. IL
! nay subscribe to and hold stock in other
/ corporations, aud its r1p;tai stock may
| De Issued for capital stock of other cor
! DOratiOns. 1t may acquire out of its
! Undivided profits or surplus, hold and
essue shares of its capital stock. II
may name. appoint and employ such
managers. directors, officers. agents and
| ,ther employees as its interests business
md convenience may require. aud may
! ia their compensation. having due re-
gard to the nature. character and value
| # their services. 1t may make and IS
ablish bylaws. rules and regulations moi
Inconsistent with this Charter or any
.xsting law. fixing or altering the man
cement of its property. the regulation
md government of its affairs. and tn,
manner of the certification and registra
ion Of its stock. 1t may wind up anC
dissolve itself, or be wound up and dis
Oved in the manner prescribed by law
may conduct business in this State
'ther states. the Federal Districts. thu
Territories and possessions Of the Unite.
;tateS. and any foreign country. L
hall have the power to invest its BoarC
/ # Directors with all of its corporate
powers. subject to such restrictions a
! nay be named in this charter. And /
generally shall have and possess all tn
POWERS, rights, privileges and immunitie
which corporations are and may hereafte
20 authorized to have and possess unde
he Constitution and tIe saws of thi
state. and particularly under Act No. &c
II the Acts of the General Assembly o
he State of Louisiana for the year 1914
md the amendments thereto.
ARTICLE 1.-THE domicile of this cor
'oratiOn shall he in the Parish of Orleans
state of Louisiana, and all citations o
, hhcr legal process shall be served upO
he President of the Company. or. Il
his absence. upon Vice President
ARTICLE III-Thc objects and pur
| POSES for which this corporation Is orga
. | 1ized and the nature of the business to b
'arried on by IL are hereby declared (
! . be: to build. fit out and repair stear
, | ships. steam boats tugs. dry dock.
barges. and other water craft; to ow
; and operate dry docks. fOundries machin
? | shops. repair plants and other convent
! enccS for the building, r. pairing or dock
ing of ships and other vessels: to buy O
otherwise acquire, and /Or Guild and "a
repair machinery Of all kinds. ships, YES
sells and water craft, complete or nc
: complete. sound or out Of repair. for tn
. I purpose Of improving. reSelling. charter
ing. operating or otherwise making
profit out of same, together with engine,
. | boilers. machinery, tackle and ship an
purtenanres of all kinds 10 exchange IL
entire capital stock or any part thereC
[ for property which 1t is authorized (
acquire. or to exchange its entire asset
ana business, or any part thereof, 70
? property, stocks, bonds or other obligf
, tons of other cOmpanses. firms or ind
vidunls; to buy. sell. lease. hold. develo
anu improve real estate; especially to nc
quire all of the assets and liabilities @
the johnson Iron Works. Ltd. Ga col
poratton organized by net before Jane
Fahey. Notary Public for the Paris
OF Orleans. dated MAY 30 1850 recorde
in the Mortgage Office o. the Parish {
Orleans. in Book 800. Folio 1881 and a
, | OF the dry docks. lands and physical as
sets and good will formerly belonging
{ the New Orleans Dry Dock 4 Shipbuilf
l ing company. To enter into. make perforI
. ana carry out contracts and agreement
: OF every kind not contrary to law wit
any individual firm. partnership, assC
n citation. company. syndicate. corporation
government, state. municipality. polite:
subdivision or other public or priyat
|; body or authority, and to carry on an
other business. which under the law
: may be entitled 20 carry on which ma
Z seem TO the corporation TO be calculate,
n directly or indirectly. to effect me afor,
- said objects and purposes or either ,
:. them. or to facilitate the corporation
the transaction Of its aforesaid busine,
or businesses or any part thereof or
the transaction Of any other lawful bus
ness that may he calculated directly ,
y Indirectly. to enhance the value of or ,
= render profitable. any of the corpor,
le tlonS property and rights. and general
q 10 hold and exercise all Sucn Incident,
a powers and privileges. and to do and ne
FORM all things as relate to the object
ana purposes hereinabove set forth or +
may ne needful necessary, proper. usefu
or convenient for effesting said ohiect
and purposes or any of them.
ARTICLE Iv.-Section l. The CAN'T,
I stock Of this corporation is hereby fixe
q at One Million Two Hundred Thousan
xl2OO,OOO.O0) Dollars. divided into an
represented by four thousand (4,OO(