The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-13
CHARTER.


ARTICLE uI-The objects and pur
poses for which this corporation Is formed
and the nature of the business to be car
ried on by 1t is hereby declared to be; TO
buy sell, lease. build, equip, repair and
outfit ships and vessels. foreign and do
| nestle, boats, barges, vessels and water
craft of every description, ana 10 operaIe
same for its own account or 1or others
| to buy, sell and manufacture, ana 10 zeal
| in at wholesale or retail for It's own ac-
count, or as agent or otherwise, IN 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 or
metal specialties, and all kinds or engines
| steam, internal explosion, gas engines ana
meters, electrical engineering apparatus,
| pipes. valves, fittings and steam ana other
| speciSI,ies, and TO deal in any KIND ana
| description of transmission machlhery, 20
| comotives, draying machinery; TO construct
| machines and machinery of every KIND ana
| character, and to equip, erect ana lnstaI
| same for use and operation; 10 carry On
| the business of consulting engineer, 10 re-
pair and equip, and to fit out barges, boats,
| tugs and vessels and all manner OF water
| craft; and to repair, Outnt, lnstaii anu
| equip any machinery and all otnef woth
| pertaining to said water craft; 10 estaD,
| lish and run a machine Ce any other KIND
| of shop or shops; to make any contracts
| to do any of the work or works herein
specified; to build and erect aoc M on Or
| other business or enterprises or TO Duilu
| and operate roads and tramw6ys, steam
| or otherwise to be used in connection WIN
| 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 In any way
pertaining thereto, and to operate SAID
| crafts.
ARTICLE Iv.-The capital stock of this
1 ~l~.rH xn1a " N
of ten thousand dollars, divided into one
hundred shares at one hundred dollars,
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 for
the payment of capital stock; and which
said stock may be increased to hve hun
dred thousand dollars; by yote OF two
cording to the laws of the State OF Louis.
lana. Said stock may be issued full paid
and worcestershire in payment for prop
. erty actually purchased or services act
| ually rendered the corporation. This cor
poration shall have the right to commence
} to do business after fifty per cent OF tne
capital stock has been subscribed and nfty
per cent of the subscribed capital stock
paid in. And said incOrpOrators hereby De,
clare that fifty per cent of the capital
stock has been subscribed and paid for
; stock shall be binding upon this corpora
Fion, unless recOrdsd upon the pSoks OF
> this corporation. 10
J. ARTICLE y.-The business and affairs
of this corporation shall be managed and
all the corporate powers thereof shall DC
| vested in and exercised by Board OF ID
: rectors, who shall each be a stockholder
], | and said Board Of Directors snail OF
t elected annually on the first Tuesday IL
: December, of each year, commencing &C on
e the first Tuesday in December, 1911 The
n officers of this corporation shall be
v President, President and Secretary
| Treasurer.
The first Board of Directors shall b.
Thomas w. Burt, Gordon 8. Orme, ano
@ Lucian L. Jarreau, with the said Thomas
|, W. BURT, as President; said Gordon
g Orme as Vice-President, and said Luciar
e l.. Jarreau as Secretary-T Treasurer, wht
A | shall hold their respective offices until the
r first Tuesday In December. 1921, or until
4 their successors are duly elected and quail
), fed. The first Tuesday In neeember, ano
annually thereafter an election OF Direc
| tors shall be held at the office OF the cor
| poration and the Directors, when elected
shall proceed at once to elect the ofncer'
= herein provided for, and which OFFICERS
!. shall be elected for the term Of the BOARD
of Directors.
All notices of election or other meetings
= Of stockholders shall be sent to each stock
y holder fifteen days prior to such election
d or meeting, delivered In person Or mailed
r to their last known address.
d No employees or agents of this corpora
e ton shall be deemed employed by the year
d unless so contracted with in WHITING ant
n shall hold their positions at the plessur
y of said Board
At all meetings of the stockholders, eacl
= share of stock shall be entitled to one vot
cast in person or by proxy, but stool
= transferred on the books less than sixteel
y DAYS prior to such meeting shall not b
q entitled to vote at such meeting.
Z Any vacancies occurring on said Board o
s. Directors shall be filled for the unexpire'
FOR NV, ha Directors
l. days notice of the meeting call for tina
II purpose. a.
y All notices of the Board Of Director
y meetings shall be sent by mail or Delivers
% In person.
= ARTICLE Win the event Of liquida
y ton or dissolution of this corporation, b
= liquidation or otherwise, the then existin
y Boad of Directors shall continue as liqui
dating commissioners, and should any on
is of the said commissioners die or II
A. may be disqualified, the remaining hqu
Id dators shall continue liquidation.
c. Said corporation may be liquidated q
E; any time on two-thirds vote Of the stoci
he holders at a general meeting called for tina
20 purpose after fifteen days written motto
~ thereof has been given to each stockhoidel
70 sent in the manner above described.
e, ARTICLE vII.-No stakeholder sha
Id ever be held liable or responsible Tor IN
ne contracts, faults or debts of sSid corporf
f. ton in any further sum theS the unpai
10 balance, If any, due the corporation on tn
stock. subscribed for by him; nor sha
y this corporation subject any stakeholder
m any liability beyond said unpaid balanc
Is that he may owe on his stock; nor sha
any such informality in organization rer
or der this charter null or void.
he The subscribers to the charter Of thi
he corporation give their names, address,
t, and amount Of shares by each subscribe
at the end hereof.