The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
CHARTER.

slde tI L and other equipment nec"s
/ .arv 10 the operation of SAID NesSeis, NJ
/ docks wharvcs, tramways or Iail" aS7,,ra
/ traffic thereon, provided that thlH ~ 81
/ ti"n shall not without an amendment o.
/ ms charter. be common carrier OF mn
/ the right to exercise the power Vi ei.'
/ domain. -.
Sontion To enter into make, perform
! and carry ont contracts of every hlhd MOI /
/ contrary To law, with any person nInl, a. a., /
/ snri1tion or corporation, ana 70 carry W, /
any other business when uhutT IN -
II NAV be- entitled to carry on Nhith ln'i /
I .epm to the corporation TO be ,3lCulgGI,u'
directly or indirectly, 10 effect thr HlV!iTT
.,id OH ircts or either OF them or 10 l"Si!!I,
-. = In the transaction of its aforesaid
business or businesses or any part lH't'"Ii
or in the transaction OF any oih'E t""tT'
business that may DE t'l'uldi ~ "a - -
or Indirectly TO enhance the value ol OF ~
/ r,n6ar nrOtitable any of the cOrporaItou :
property and rights. ana EthtTalS " NM .',,i
and exercise all such lnCldthIal PoNriS -, ",
privileges a relate to the objects anu pu '
nose. hrreinaboye set forth As may De he'eS-
sary useful or convenient Tor tHetIlH5
said object and purposes.
ARTICLE IV.-The authorized capita1
stock of this corporation Is hereby u'yidIti
: 70 b. the sum of twenty thousahu
81 nO0 O0t dollars which capital stock
may he increased in the manner proNlu'u
. nv law to the sum of one hundred thuus
: and (Sl0O,O0oOO) dollars. Inc p teS,iii,,y
, authorized capital stock of tins corP"rauon
/ shall be represented by two hundred ana
. fifty shares of the par value OF on nun nun
dred dollars ea.h. The caplt"l sto'h H"' a..
p ne rrpr..sentcd by certificates and shaIl nr
trrsnual PROPERTY. No transfer OF >aIh
r rapttaI stock shall be binding upon thls
: 'rorporation unless made i'll accordance WIN
] its charter and bylaws anu leO'iN'N "
- the books thereof.
,rTICIE V.-The capital STOCK Sl nun u"l.
r corporation shall be iGll3 Shall be is
+ ,..assabIe when issued anu n,iras rem
- "nIv for labor done or serN i,;,.d ar
h Jar.d or for property attu3i; ti,,.s and in
+ for cash to be paid at SUI SUI rnrice as may
:, 10 .rnount. and after such ho t Hir.,.t,rs
!. su'H ,,nrmined by the Board oil
r = yI--All the powers OF ihlI I
IN ,tinn shall be vested anu eNeG Of
It ~ - Hoard of three IlrtCIu, name at
e ~ a shall hold. in his own I Hiarj of
!. - one share of stock. SIN ,rIy an the
Il irlHt IN shall be elected annual! on tLe
: DIR ',T Norday in March OF each w 100
d ,irst election to be held III 'Ie tiot 1T the
l. Al such elections shan DE w The super
fire of the corporation, unuV 70 he ap-
r "!Is Of tvo- COMMISSIONERS 10 " "a Ia
nirtad bv the Board OF DI H. prp.i-
tha absence of any coihihls,aiUV 10 Mace by
. nv "yLau have power 10 MI inc ti".tons
T. otht Sn ,,iint and of all such titCtIonH'
I a. we'll as of all meetings % o{5atinn or
- sxcppt for the purpose OF ILL., ranmirrd by
II Iishlutiou or as otherwise requiii nv
4 ulssoiu, J,ys' notice shall be given us
=. LiM iiiin, 70 zach stakeholder VINO app tior
&c w. lnrb on the books Of the COZ 40 tbg
la st In. ho-
h, AT me- J.Ii,,arv AT New orleans, II ne hhS
80 ,dasignated an address an ahhoui ~.
= mont stating the time anu Pin Ga on.
meeting. Each sharehol1er bara of stock
,anding in his name on the poohs VI
, company to be cast IN person VI ,bsu alact
~ and a majority Of the vote cu en- - mower
Tbe Board of Directors shall 49, IN IN,
- - +i,i ali vacancies that may occur ~ ~,
r. Doard Failure to elect ulrect 15oI,ia th,
day above specified shah hot - In Of
Frornoration but the Directors mn sTc
81 shall remain in office u1fll thelr a.,
ressors are elected and quallimie9f o,rtbyriTI
IL uotice of another election Shaid ~ motic,
,r- 10 Given As above provided. SUN - -,
I'll ~ -, shall he continued to he ElNei
ar untiI an election is held. ne fyin,,i N,
ed directors at their first meeting loIio liz
es each annual election shall eject rom nv, n,
Iy number a president, vice bnI
or a OBSERVATION-DISCLOSURES. Inc b oaLH NO,
re- have powpr in its discretion, TO ulllte w "
- or more offices, ana the mn SIM nv mower I,
ar- anon one person and shall nave PomNe
he ~ tho salaries of all officers ana al SUI,
to other officers and emploEes u NJ Shal
at. necessary. The Board OF pitcT Ss wei
its have power to make and eStaDllsn, ae W." w,
on / nS oItar and amend. all bylaws. rules, an an
of regulations necessary and proper ioL , u
to suppOrt and management OF the - i,non
ar End affairs of said corporation, not lhGoI
pe- ;ltart with its charter. said BOaru Sh"l
of ,flso have full power and authority 10 eo u
we row money. and through the president .
RIM some other duly authorized ase"' A.
nj SCants TO execute mortgages
70 she notes. bonds or other obligations
as such amount and on such terms as an !,
for tbair Judgment may be Advantageous an
or Generally to do all things reasonably niece
ion sary for the proper carrying on Oh III
cts bnSineSs of this corporation as also
ms. issue and deliver full PAID sFa ne rornor1
of and bonds or Obigations OF h TINS TDe6ofc
tion. in payment of money borrower,
money labor or services, and property
In rights actually received o! Ihis LII Iii Ia,
IN ton as heretofore setforth; and snall nav
ntt, mower to do all such acts ana thlhss
IA may be necessary TO carry out the VDJn'
ihu and purposes for which this corporation
organized.
ter majority of the directors shall col
Did, stitute a quorum for the transaction Oh al
by business AT any meeting OF the boar
est, any Director absent from the meeting III III
aSe. he REPRESENTED by any other director, WI
and NAV east the vote of said absent Dlrec'u
her according TO the written instructions
in said absent Director The Board OF
ub- rectors shall have the power. by vote
pre- not less than n majority thereon, 10 Sc
lease mortgage by bond mortgage
rds otherwise. or to pledge any and all OF |
II propprty movable or immOvable. belon
her ing to the corporation or 10 rtceN IN
or exchange therefor. money or stocks
ha bonds or other obligations of another &C
cor pOratiOn. without referring to the sna a
teIft holders for the power to do SO; anu VI
and NAV also purchase for stock in inns C
. az norotion or for cash or on credit. Pre-
cor. erty of any kind required for any OF l
be purposes of this corporation, without
ora. thority of the shareholders.
plOy Until the next general meeting TO
ents held under this charter on the seCo
and Monday in March, 1922 or until their Ut
heir qualified successors are elected anu
the stalled the Board of Directors shall
erv- composed of Hugh p Burbank. Westwel
avs. La: George X. Force. 624 Whitney -
with trail Bank Building and Morris X. Sna
king 1905 Carrollton Avenue. with Hugh r. -
rop- bank as president, with George h. 70
f its as vice president and with MOTHS
tion Shaw as secretary treasurer
and ARTICLE yII.-This charter may
law amended and the capital stock of this c
thor poration may be increased or decreased
,ries this corporation may be dissolved IN
and methOd anu ihahher pro'iuu "
the ARTICLE VIII.-No stakeholder OF t
etors corporation shall ever be held liable
OJect responsible for the contracts or faults
ain this corporation in any further sum q
ssess the unpaid balance on the stock for wh
I'M he has subscribed: nor shall any mere
may fovmaIitv in organization have the effect
nder rendering this charter null or or exp
ana ing a stakeholder to any liability thah
Acts ohova nrovidad
Re of
ARTICLE IX.-No stakeholder may
nor. assign or transfer his stock in this
o. poration without giving TO the compa
on;s through its secretary. thirty days p
- int