The herald., 1921-10-20

United States of America, State of Lou
isiana. Parish of Orleans, City of New
Orleans BE il 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, VIII
liam J. Guste a notary public, duly com
missioned 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 mora
particularly of Act 26I 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 corporation for the OBJ
jects and purposes under the articles and
| stipulatiOns following, which they hereby
adopt as their charter, to-wit:
| ARTICLE THE name and title of thfs
| corporation shall be The Maritime Trad
ing Corporation. and under its corporate
| name, IL shall rave power and authority
| to have and enjoy corporate existence for
| a period of ninety nine years from date
| hprpOt, unless sooner OlSSOlNtu ny
| 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
| n kp h, alter
| amend bylaws. rul6oand 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 he 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, OF
| deal in steamships. sailing vessels, or
| water craft and floating properties OF
| any nature whatsoever, and the appurt.
| enances apparatus and supplies thereof
/ 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 70
| and incidental to the carrying out and
proper execution of the objects and pur'
| poses herein mentioned.
| ARTICLE IV--The capital stock of this
| corporation is hereby fixed at the sun
| of Thirty Thousand (S30000.0O) Dollar,
| and shall be divided into and represented
| by three hundred shares of common stocl
| of the par value of $4,000 each.
Said stock shall be paid for in cash
| or by property. or services actually rem
| dcred to the corporation. or other equiva
lent of cash as provided by law, anC
| in such manner and at such time and II
such installments as may be prescribed
| by the Board of Directors.
This corporation shall become COINS
| concern and shall be authorized to com
| mence business as soon as NIFTY CJO) pc
cent of its capital stock shall have beer
subscribed, and fifty (JO) per cent o.
all stock subscribed for shall in fact hav'
been paid for, either in cash or its equiv
alent.
| ARTICLE V-The capital stock of thi
| corporation may he increased 10 the sun
Of Fifty Thousand (sJ0O00W Dollars
by vote of two-thirds Of all the stock
present or represented at a special meet
ing called for that purpose, at regula
annual meeting of the corporation.
| ARTICLE VI-Ar certificates Of stool
issued by this corporation shall be signe'
and countersigned by the president o
| vice-presdent and treasurer.
| The stock of this corporation can b
| transferred only on the books Of the cor
poration. and subject TO such regulation
| and formalities as may be by the Boar
| of Directors from time to time prescribed
| No stakeholder shall be permitted to sci
| or otherwise dispose of his stock withou
first Offering the same in writing to tn
other stockholders, through the Board o
| Directors. at a price not exceeding tn
book value thereof; and said stockholder'
| IN proportion to their holdings, snail nav
an option and first right to purchase, q
the book value Of such stock on Decem
Der 31st. last preceding, all the shares
| stock to be thus disposed Of by sale Q
| otherwise of any OF the stockholders, an
shall have a period of ten days In whlc
10 accent or decline said offer. Shout
r. a.aak aIdara decline 70 nurchase sal