The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-10
CHARTER OF THE MARITIME TRAD
ING CORPORATION

Il
CHARTER OF THE MARITIME TRAD
ING CORPORATION
United States of America, State of Lou.
isiana, Parish of Orleans, City of New
Orleans, BE it known, that on this Sth
day of the month Of October, in the year
OF our Lord, one thousand nine hundred
twenty-one, and of the Independence of
the United States of America the one
hundred and forty sixth, before me. Will
liam j. Guste, notary public, duly com.
missioner and qualified, in and for tho
parish and state. therein residing, and IN
the presence OF the witnesses hereinafter
named and undersigned, personally came
and appeared the several parties WHOSE
names are hereunto subscribed, who sew
orally declared that. availing themselves
of the laws of the State of Louisiana, in
such cases made and provided, and more
particularly of Act 267 of the General As
sembly of the State of Louisiana of 1914,
relating to the creation, organization and
formation OF corporations, they have COW
enanted and agreed, and by these pres
ents do hereby covenant, agree and bind
themselves, as well as all other persons
as may hereafter become associated with
them, to form a corporation for the OBJ
jects and purposes under the articles and
stipulations following which they hereo,
adopt as their charter. to-wit:
ARTICLE THE name and title of this
corporation shall be The Maritime Trad
name, 1t shall rave power and authority
to have and enjoy corporate existence for
a period Of ninety nine years from date
hereof, unless sooner dissolved by liqui-
dation or otherwise. 1t shall have power
to contract, to sue and be sued; to make
and use a corporate seal; and to alter and
break the same at pleasure; to hold, re
ceive, lease, purchase, transfer, assign,
mortgage, hypothecate, pledge or other
wise dispose of property, real, personal
or mixed. corporal and incorporeal; to
issue bonds and, If desired, to secure the
same by mortgage; to hold stocks in other
companies; to make and elect officers and
directors: to make and establish, alter ana
| amend bylaws, rulessand regulations for
its proper government as may be deemed
necessary and proper for the extension
of the business in which the corporation
Is engaged.
ARTICLE II-Tre domicile OF this cor
poration shall be in the City Of New Or
leans, State of Louisiana, and service OF
process shall be made upon the Presi-
| dent. or, in his absence, upon Vice
President.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and created, and the nature Of
the business to be carried on by it are
| declared to be as follows:
| To build, construct, remodel, repair,
| transport, buy, sell, mortgage, hypothe-
cate, or other incumber, dispose Of, or
deal in steamships, sailing vessels, or
| water craft and floating properties Of
any nature whatsoever, and the appurt.
enances, apparatus and supplies thereof,
1 of any nature whatsoever; to construct,
establish and conduct any plants or work
shops warehouses or store-rooms which
may be necessary for properly prosecut-
ing such purposes; and, generally, to
| do and perform all things appertaining
| and incidental to the carrying out and
proper execution of the objects and pur-
| poses herein mentioned.
-.
corporation is hereby fixed at the sum
| of Thirty Thousand ($30,0OOOO Dollars,
and shall be divided into and represented
by three hundred shares of common stock
of the par value of $4,000 each.
Said stock shall be paid for in cash,
or by property, or services actually rem
dered to the corporation, or other equiva,
lent of cash as provided by law, and
in such manner and at such time and In
such installments as may be prescribed
by the Board of Directors.
This corporation shall become a going
concern and shall be authorized to COM
mence business as soon as fifty (oO) per
cent of its capital stock shall have been
subscribed, and fifty (5Ol per cent oil
all stock subscribed for shall in fact nave
been paid for either in cash or its equiv
alent.
| ARTICLE V-The capital stock of this
CORPORATION may be increased to the sum
of Fifty Thousand ($5O,OO0OO) Dollars
by vote of two-thirds of all the STOCK
| present or represented at a speclal meet
ing called for that purpose, at regulai
| annual meeting of the corporation
ARTICLE Wall certificates Of stoci
issued by this corporation shall be signed
and countersigned by the president oil
yice-president and treasurer.
The stock of this corporation can o.
| transferred only on the books OF the cor
poration and subject to such regulation
and formalities as may be by the Boare
of Directors from time to time prescriDed
No stakeholder shall be permitted 10 SCI
| or otherwise dispose of his stock w1tnou
first Offering the same in writing to TINT
other stockholders, through the BOARD o
Directors, at a price not exceeding I'M
book value thereof; and said stock
| in proportion to their holdings, shall hav
an option and first right to purchase,
the hook value of such stock on Deem
Der 31st last preceding, all the shares o
stock to be thus disposed OF by. SAFE o
otherwise of any Of the stockholders, an,
shall have a period Of ten days In whlcl
TO accept or decline said offer. Shoui'
the stockholders decline to purchase sai'
stock then such stakeholder Is at noert.
to sell or dispose Of the stock, and ma.
do SO in any manner and at any prie
he may deem ft
Each share of stock is issued hereln
upon the condition and understanuin
that no stakeholder shall sell or other
wise transfer his stock IN vioiatio oe nefe
| shall be void and this corporation shai
be under no obligation to list said stoc
| on its books or to regard the holder o
. the certificate thereof.
, | ARTICLE yII-The corporate power
of this corporation shall be vested In an
exercised by a Board OF not less ina
| three nor more than five directors, q
ire option Of the stockholders. two I
, | constitute a quorum for the transactio
! | Of business should there be three direc'
, ors. and three to constitute quorum 10
| the transaction Of business, in the even
that there be more than three director'
! The directors of the corporation may vot
in person or by written >or telegraph
; proxy at any of the meetings OF tn
, I,oard of Directors; and Ythe Board Q
directors may delegate aGN Of its power
| 70 any officer or officers,i or any othe
, representative Of the corr Grafton, py az
nropriate resolution to that effect.
The first Board of Directors of TIL
CORPORATION shall be composed Of the To-
lowing: GA
enbach, Adolph Diefenthai; with the 10
lowing as officers:
Isaac Marx, President; Edward mar,
| Vice President: Lester Seidenbach, Set
retary and Treasurer; and they sha
. serve until the second Wednesday In jar
nary. 1922, or until their successors al
. The directors shall be elected annual
|. Mt a meeting held on the second Wednes
| day of January in each year after sue
!, dafe Notice Of said meeting shall B
| given fifteen days prior to the date {