The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER.

rral laws of this State relative to the or
sanitation of corporations. they have co
Nenanted and agreed. and do. by these
presents. covenant and agree, bind, form
and constitute themselves. aS well as such
person or persons as may hereafter join
or become associated with them into a
corporation and body polite in law, for
the object and purposes and under the
agreements and StipulatiOnS following. to-
wit:
ARTICLE THE name and style of the
corporation shall be the BisSo Ferry Com
panE, Incorporated, and by that cooperate
name said company shall have power and
authority to enjoy and have succession
for the period of ninety ming years: to
contract. sue and be sued in its corporate
name To make and use corporate seal :.
TO hold, Receive, purchase, convey. mort
gage. hypOthecate or pledge property,
both real and personal; to have ami en-
ploy such managers. directors, officers,
agents and other employees as the interest
and cOnvenienCes of this company may
from time To time require. and to make
and establish such bylaws, rules and
regulations for the proper management and
control of the affairs of the company. aS
may be necessary and the same to alter.
amend and repeal at pleasure.
ARTICLE 1.-THE dOmicile Of this cor
poration shall be in the City of New Or
leans, and all citations and other legal
process shall be served upon the president
and in his absence, upon the vice presi.
dent of this company.
ARTICLE HI-The object and purpose
for which this corporation is created and
established. and the nature of the business
70 be carried on by ii are declared to be:
To purchase, hold maintain and operate
ferries on the Mississippi River. and other
inland waters and on the sea coast and
To do all acts and things necessary and
useful in the premises; to acquire ferry
franchises to lease, hire, charter. con
struct and purchase and to man, equip
maintain and operate for sea coast, and
inland navigation, ferry boats, steamships
sail vessels, steamboats,, towbOats, barge,
and other water craft of whatever descrip
ton, for the transportation of freight and
passengers for hire, and in the Performance,
of towbOat business and rendition oi
salvage services on water and to do, per.
form and carry on the operation of water
craft upon and between places on rivers
lakes. bays and other waters, and upon
| the high seas and to ports and places in
foreign countries; to construct, charter
and maintain and operate dredges, scows,
floating elevators and pile drivers; to ac-
quire by purchase, lease or otherwise
warehouses, landing places and wharfS as
the business of this company may require
to improve navigation on rivers. bayous
and other waters, to construct wharveS
landing places and facilities for ferries
and other vessels; to construct, maintain
and operate dry docks and floating docks
suitable for building and repairing ives
sells, and to build, rebuild and repairVe
sells of every description. Any one or
more of the pursuits or objects above men
toned may be carried on without regard
to the other objects set forth. This cor
pOratiOn is created. too. to take over and
acquire all the rights, titles and interests
of Messrs. Joseph \. Bisso, W. \. BissO,
Alexander l.. BissO and Joseph w. Tyler,
in and to the ferry franchises by them ac-
quired in their own name or in the name
of any one or more of them, from the City
| of New Orleans, and the Parish of Jeffer-
son. in the State of Louisiana; and still
further to acquire all the rights, titles and
| interests Of the said Joesph A. Bisso, W.
! \. Bisso, Alex. l.. Bisso, and J. w. Ty-
| Ter. as well also. as all the rights. titles
and interests of the Bisso Ferry Company,
composed of the said Joseph A., William
A. and Alex. l.. Bisso, and j. w. Tyler,
| to all of the property and business of said
company. and to all the rights, titles and
1 interests of the said Joseph A, William a,
and Alex. l.. BissO, and j. W. Tyler. in the
| ferry boats, pOntoOns and other property
| bought for and Tor used in the ferry bust
ness by them. belonging to them jointly
| and Tor severally. Particularly with re
| spect to the Jackson Avenue Ferry and the
| Walnut Street Ferry, and as full con
| sideratiOn of said property, franchises
rights, titles and interests this corporation
| shall issue to said persons its full one
| thousand five hundred shares of its CAPT
| tai stock. fully paid and -assessable.
| ARTICLE IV-The capital stock Of thi'
corporation is fixed ut the sum of on
| hundred and fifty thousand (SlJO,OOO.OO
! dollars. represented by one thousand fiv'
! hundred Q.500) shares of the par value o
one hundred dollars (Sl000O) each. Thu
| said stock shall be issued full paiC
| stock for the purchase of the prOpert!
! hereinabove described, as more fully shown
, by the itemized statement annexed here
| to.
| ARTICLE V-All the corporate power
| of said corporation shall be vested in an6
exercised by board of directors. com
posed of four stockholders, to be elected
annually on the first Monday of May. The
| rrst election to be held in the year 1922
| Each share of stock shall be entitled 4
one vote. to be cast by the owners In per
son, or by written proxy. The director
| thus elected shall serve and continue IL
| office until their successors shall have beer
| elected and qualified. Vacancies occurring
in said board. from any cause whateye
! shall be filled by the remaining directors
| At all meetings of the board of directors
| a majority of the directors shall be neces
| sary and sufficient to constitute quorum
for the transaction OF business. The az
| Of not less than three directors pres
ent at any meeting at which there /
| n quorum shall be the act or the board o
directors. except as may be otherwis
specifically provided by statute or by thi
charter. The board of directors, by tn
| affirmative vote of all of the directors