The herald., 1921-01-20
CHARTER.

| ARTICLE III.-The objects and pur-
| poses for which this corporation Is formed
| and the nature of the business to be car
| ried on by it is hereby declared to be; TO
| buy, sell lease, build. equip, repair and
| outfit ships and vessels, foreign and do
1 nestle, boats, barges, vessels ana water
| craft of every description, ana 10 operate
| same for its own account or for others
/ to buy, sell and MANUFACTURES. ana 10 deai
In at wholesale or retail for its own ac,
| count. or as agent or otherwise. III All
| kinds and character of wood, metals or any
| other material, merchandise, etc; to buy,
| sell and generally to deal in all KINDS OF
| machinery, engineering and marine also
| in any kind of machinery and WOOD OF
| metal specialtieS, and all kinds OF engines,
| steam, internal explosion, gas engines anu
meters, electrical engineering apparatus,
pipes. valves, fittings and steam ana otheT
| specialties and to deal in any KIND ana
description of transmission machinery. 10.
| comotiyes, draying machinery; to construct
machines and machinery of every klnd ana
| character, and to- equip, erect anN lhstalI
| same for use and operation; TO carry on
the business of consulting engineer, TO re-
| pair and equip, and to mt out barges, Doats,
| tugs and vessels and all manner OF water
craft; and to repair, outht, lnslali anu
| equip any machinery and all othef WORK
| pertaining to said water craft; TO estaD,
fish and run a machine or any other KIND
| of shop or shops; to make any contracts
| to do any of the work or works herelh
| specified; to build and erect docks or
| terminals. and generally to engage IN any
| other business or enterprises OF 10 puIIu
| and operate roads and tramways, steam
! or otherwise to be used in connection with
| said business: to buy, sell, build, equip,
operate any and all kinds of aircrafts ana
| to buy sell, or build machinery, and equip
ment necessary therefor, or III any way
pertaining thereto, and to operate SAID
crafts.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the amount
of ten thousand dollars, divided into one
hundred shares at enc hundred aoliars'
each, which said stock shall be Is
sued and paid for as the Board OF
Directors may determine, in conformity
, with the laws provided by this state Tor
, the payment of capitm stock; and whlch
| said stock may be increased to five hun
dred thousand dollars, by Tote of two
third of the outstanding stock, and ac-
| cording to the laws of the State OF Louis
{ lana. Said stock may be issued ful PAID
r and non assessable in payment for prop
3 erty actually purchased or services act
ually rendered the corporation. This cor
4 | poration shall have the right to commence
e to do business after fifty per cent OF tne
r capital stock has been subscribed and nifty
per cent of the subscribed capital stocR
paid in. And sai3 incorporators hereby De,
!, clare that fifty per cent OF the caplta
stock has been subscribed and paid fol
y I'm full TO said CORPORATION. No transfer Of
:. stock shall be binding upon this corpora
!, ton. unless recorded upon the books o.
y this corporation.
:. ARTICLE v.-The business and affairs
of this corporation shall be managed, an'
| all the corporate powers thereof shall b.
\ vested in and exercised by Board OF ID
:. rectors who shall each be a stakeholder
: and said Board of Directors shall b
It elected annually on the first TUESDAY II
J. December, of each year, commencing OF
X the first Tuesday in December, 1921. Tn
in officers of this corporation shall be
" President, Vice-President and Secretary
| Treasurer.
The first Board of Directors shall b
Thomas w. Burt, Gordon S. Orme, an
10 Lucian L. Jarreau, with the said Thoma
10 w. Burtt as President; said Gordon
he Orme, as Vice President, and said Lucia
le L. Jarreau as Secretary-Treasurer wh
d shall hold their respective Offices until IN
or first Tuesday in December, 1921, or unit
nj their successors are duly elected and quail
S, fed. The first Tuesday in December an
annually thereafter an electpn OF Dlrec
tors shall be held at the Office Of the cor
poration and the Directors, when elected
shall proceed at once to elect the ofiicer
- herein provided for, and which onlcer
/, shall be elected for the term of the BOAR
of Directors.
All notices of election or other meeting
u of stockholders shall be sent to each stock
W holder fifteen days prior to such electio
I'd or meeting, delivered in person or MALE
ar to their last known address.
I'd No employees or agents of this corpora
ne ton shall be deemed employed by the yea
I'd unless so contracted with in writing an
IN shall hold their positions at the pleasur
s. of said Board
y At all meetings of the stockholders, fac
- share of stock shall be entitled to one Vol
n cast in person or by proxy, but stoc
~ transferred on the books less than sixtee
~ days prior to such meeting shall not
no entitled to vote at such meeting.
n Any vacancies occurring on said Board {
is Directors shall be filed for the unexpire
of term by the remaining Directors after tie
u days notice of the meeting call for thu
all purpose.
ey All notices of the Board of Director
by meetings shall be sent by mail or delivere
no In person.
a. ARTICLE Win the event of liquid
es ton or dissolution of this corporation, l
ar liquidation or otherwise, the then eNistir
- Boad of Directors shall continue as lou
dating commissioners. and should any OIL
his of the said commissioners die Jor IL
la may be disqualified, the remaining Hqu
lic dators shall continue liquidation.
ie- Said corporation may be liquidated
e any time on two-thirds vote of the stoc
ne holders at a general meeting called for tn
eu purpose after fifteen days written noti
All thereof has been given to each stockholde
10 sent in the manner above described.
&c. ARTICLE Vino stakeholder shs
nd ever be held liable or responsible for d
me contracts, faults or debts of said corpor
Of ton in any further sum then the unpa
it balance, x any. due the corporation on Il
? stock. subscribed for by him; nor shs
ell any mere formality in the organization
by this corporation subject any stockholder
EN- any liability beyond said unpaid balan
its that he may owe on his stock; nor shs
arg such informality in organization re
Ter der this charter null or void.
he The subscribers to the charter Of th
he corporation give their names, address
ct, and amount Of shares by each subscrib