The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-10

inn
iahd d. a. tnown that on this first day
| nf tho month of October, In the year oi
|. our Lord, one thousand, nine ~ -. u
| tTenty-one, before me, Henry +. part Ia
notary public, duly e9,nI ilS ond state
qualified in and for the Parish ana ou "a,
| aforesaid and in the presence OF the
naSses hereinafter named and underslg neu,
| nersonally came and appeared the p, Pc 10
whose names are hereunto suDscra rasi.
| declared that they are all OF age anu St.
| go. of the CITY of New Orleans S ,
| Of Iouisiana who declared that, i
| themselves of the provisions OF tne n.;"n
| of this State relative to the orsan una or.
| Of corporations they have formed anu VI
gapizad and do by these presents iorn
thamSa into and constitute eorpora
| tinn and body polite in law Tor the gu
iacts and purposes hereinafter SCI aSnnt
Ia .xnressed which they hereby auopt
| as their charter. A.
.DrICIE THE name and title OF the
| n,oration hereby formed is declared 10
he w. H. Cowley Steamship ~ N, Or
| domicile shall be in the city OF NJ" ~
leans. state of Louisiana ana IL snr name
and enjoy succession by It's corpoL IT, na ia
| For a neriod of ninety nine years from anu
| after date hereof Citation ana other .sent
| process shall be served upon the Ph;I;,'
and in the event of his absence or MAUI maui 10
| to act. from any cause, the same sn"
| s.rvad upon the vice president the man
| ager- the secretary or the secretary u'.sn,
| uper' should be latter offices De eoinoineu
in one person.
| ARTICLE 1.-THE objects and purposes
| for which this corporation Is ga car.
| and tho nature of the business to De car
ried ON by it are hereby declared 10 pc
First, To engage in and carry on a
steamship business; TO own, cohttoi
acquire by lease, charter, purcnase'h Its
struct or otherwise acquire steamooa.s'
sailing vessels tugs, barges, lighters YES
sels and water craft of all KINDS, OF IN
terests therein, and to operate same Ior tne
transportation Of goods ana
also TO purchase, build, construct repair
lease sell, convey, manage ana oPeIate
vessels of all kinds, and all macnlnery'
appliances and appurtenances' inclueh'a
ly necessary or convenient thereto,
any way connected Herewith; with also
mower to do a towing business ana also
TO purchase, own, lease, construct, con
troll, and operate docks, warehouses;
wharves dry docks, and dock machinery
appliances and appurtenances OF All Minus
and with power also to do a general snip
building, stevedoring, dockage, Warehouse
ship agency, ship brokerage ana cohnlS
sion business, with power for any ana all
of the above purposes, to borrow money
and TO issue from time to time, TO any ex-
tent necessary and convenient In the opin-
ion of the board of directors OF TINS cor
poration, negotiable notes, coupons, re-
gistered or other bonds or obligations OF
this corporation, and to secure the pay
ment of the principal and interest on the
same by mortgage or pledge OF all or any
part of the property, rights, franchises,
and privileges of the corporation then
owned or which may be hereafter acquired
by the corporation, and also with 1ull
power to do all things proper, necessary,
convenient or incidental to the powers
and purposes above expressed.
(Second.) To acquire by purchase, sub
scription or otherwise, and to hold, sell,
assign, transfer, exchange, mortgage,
pledge or otherwise dispose of any shares
Of the capital stock, bonds, or other evil ;
iences of indebtedness of any other cor I
Doration or corporations, association or as
,ociations, domestic or foreign, engaged In {
my business in which this corporation
nay be authorized to engage, or the
of whose securities would be {
or convenient in the protec- G
IT interests of this corporation, but only c
o the extent authorized by the laws OF the
,tate of Louisiana. \
(Third) To carry out all or any part {
Il the foregoing objects as principal, d
manager, factor, agent, contractor or
therwise, either alone or in conjunction
With any person, firm, association or cor C
oration, and in any part of the world; S
nd in carrying on its business and for
he purpose of attaining or furthering any q
f its objects, to make and perform such
Ontracts of any kind and description, to
o such acts and things, and to exercise
ny and all powers as natural person p
iould lawfully make, perform, do or >
onsistent with the laws under which this
OrpOration is organized. a
ARTICLE III-The capital stock of this Il
is hereby fixed at the sum of a
twenty-five thousand ($25,0OO.O0) dollars, q
ivided into two hundred and fifty shares
{ the par value of one hundred dollars fl
100000 each, payable in cash and the OF
ipital stock may be increased hereafter d
the sum of one million dollars. No sale
: transfer of this stock shall be recog- >,
lied by the corporation unless and until -
lid stock shall have been first offered in "
riting to the corporation at its book | 20
ilue, as shown by the last annual state u
ent, for the use and benefit of other
ockholders, who are hereby granted the g;
Dsolute first right and privilege to pur-
lase same at the price stated And to ac- q,
pt (which shall be in writing) and pay e,
lerefor within thirty days after such w
Ter shall have been made. The right and or
lie rights conferred in this article of the | ey
larter shall follow the stock into who
ever hands 1t may go. Failure of the m
,lder or pOssessor of the certificate of | W
ock to produce or deliver same shall Nv
lthorlZes the corporation to receive in -.
ust the price thereof, to cancel such out -.
anding certificates on the books of the p pr
operation and issue new certificates Ut
erefor. The stock so purchased shall
divided among the remaining stock an
Iders In proportion to their several or
ldings and upon payment of the price an
ereof. Amy such stock not desired by Tic
y stockholder or stockholders shall be | ste
Vided pro rata among the balance of the to
'ckholders. This corporation shall be wi
e agent of the stockholders specials pu
powered through its board of directors ne
enforce and carry out all of the forego- so
provisions regarding stock in this cor me-
ration. The substance of these proyi- col
ms OF the charter shall be stated briefly ne.
d succinctly upon the face of each Ger.
cate OF stock and shall be conclusive ms
tee to all persons dealing Herewith an
AKTlCLE lV-All the corporate powers dis
All De vested in and exercised by a board | rig
directors made up of three stockholders. de,
OF whom shall constitute a quorum for i'm
nsacting all business. Said board NAV nee
opt bylaws, rules and regulations for pat
government of the business and affairs or
,ne company, and may alter, amend and wo
ihge the same at pleasure 1t may ap- to
mt, hire and discharge all officers. or
ents and employees, fix all salaries. and rec
ieraiiy do and perform all things neces- or
y Tor the transaction of the business Z
4 affairs of the corporation. Anv di- | ass
tors intending to be absent temporariIv | ott
y De represented by written proxy car
d with the board and notified TO the rift
esldent. Vacancies occurring I'm the sue
ard shall be filled by It, The first or
ara or directors shall be composed of sta
ID. Cowley, New Orleans, La: II. r VIII
riffiley, New Orleans, La; ard T r rig
lKeium, New Orleans, La. and they shi
III mold Office until the first Monday fol. to
ling the first Sunday in May. 1922. and mi,
III I, their successors are duly elected and 4