The herald., 1920-09-02
CHARTER OF GULFPORT FRUIT a
STEAMSHIP COMPANY, IN
CORPORATED.

CHARTER OF GULFPORT FRUIT
STEAMSHIP COMPANY, IN
CORPORATED.
United States of America. State Of Lou
iSiana Parish OF -. TammanY. lie IL
known. That on this Ith day of August,
A u. 1920. before me-. benjamin VI. Miller
a Notary Public, duly commissioned ana
sworn, in and for the Parish OF 81. Tam
many State Of Louisiana, therein residing
personally came and appeared the persons
whose names are hereunto subscribed, VINO
declared that. ayailing themselves OF the
laws of the State OF Louisiana, rtla
to the organization of corporations, theI
have covenanted and agreed and by these
presents do covenant and agree TO blnd
and form and constitute themselves as
well as such other persons who may mere
after Join or become associated with theth'
into a corporation and body pOlltlc III
law for a period of ninety nine years, ana
for the objects and purposes and under
the agreements and stipulationS follow
ing, to-wit:
ARTICLE The name and style of this
corporation shall be "iiulfpOrt Fruit q
Steamship Company. Incorporated" and
its domicile shall be in the City of New
Orleans. Parish of Orleans, state or Lou
iSiana. All citations and other legal pro
cess shall be served on the President, ana,
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 oil
such officers, in the manner PROVIDED DS
the laws of Louisiana.
ARTICLE 1.-THE jeCts and purposes
for which this corporation is established
and the nature of the business to be car
ried on by it 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; 10
a 70 nj nj a a
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 ana oper-
ate terminals or landings, and generally
to engage in any business convenient or
necessary 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,OOO) shares,
of which amount one thousand 0,OOOl
shares of the par value of one hundred
dollars (Sl0OOO) each: amounting to one
hundred thousand dollars CSlOO,OOO.OO),
shall be preferred stock; and two thous-
and (20OO) shares of the par value of one
hundred dollars ($l000O) each, amounting
to two hundred thousand dollars $500
O0O.00), 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 he bound TO pay,
fixed cumulative OlNlOenu at the TdJe Ol
| eight per cent (sTc) 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
one hundred and twenty-five dollars
| $l25.00) 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 me
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 $1,000, 100000 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 shall be elected an
nually by ballot, at a stockholders
meeting TO be held on the second Wednes
day of August in each year Tor, If that &
| 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
| Orleans Ia
at 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, President, one or more Vice
| Presidents, a Secretary and a Treasurer
The same person may be both Secretary
ana treasurer. or Vice President and
| Secretary or Treasurer. Any failure to
elect Directors annually shall not dissolve
| the corporation, but the Directors then in
office shall continue to serve until their
| successors shall have been duly elected
and qualified. Any vacancy on the Board
OF Directors, occurring by death, resigna-
ton or otherwise, shall be filled by the re-
naming Directors. Stockholders meet
ings may be held when ordered by the
| Board of Directors and shall be held at the
request Of the holders of twenty-five per
cent OF the outstanding common stock
Notice of all stockholders meetings, other
than adjourned meetings, shall be given
pE written notice to each stakeholder,
|
dress, at least fifteen Q5) days before
such meeting. Each stakeholder shall be
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 out
| side the State of Louisiana. or within the
| state or Louisiana elsewhere than at the
domicile OF the corporation.
| ARTICLE WINS charter NAV be
| amended or this corporation dissolved by
| two-thirds vote of the outstanding stock
az a stockholders meeting called by the
Board Of Directors, after having given no
| tlce 10 each stakeholder. in writing stat
| ing the purpose for which said meeting
Is called, at least fifteen days before such
meeting. and deposited in the postoffice.
| addressed to his last known address. In
case OF dissolution, the Board of Directors
shall act as liquidators.
| ARTICLE NI.-The Board of Directors
shall nave the right to employ and dis
miss clerks and managers. and to adopt
bylaws for the general management Of
tne corporation, and can amend the same
at their pleasure '''''
ARTICLE VII.-This corporation shall
ENJOY all rights and privileges granted by
Jaw 10 corporations. and shall use a cor
porate seal. 1t shall have power to con
tract sue and be sued in its corporate
name, to hold. receive purnhac.