The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-03

- perish of Orleans, City OF New -
leans BE il known, that on TINS MS - Of
AZ tho month of October, IN tht vi ond
rr Lord one thousand, nine huhGLeu IT,
oul ,,,,,Iona before me. Henry 7. part' 80,
not,rv DubliC duly commissioners 60
ntIjsini in and for the Parish anu "u" 80
'foresoid and in the present .si,nad
,asses hereinafter named ana un in ,,arsons
personally came and appeartu II who
,,Losa names are hereunto suDsCllned r.si
SJ.1 tbat they are all OF age anu -,
iout. of the City of New Orleahn, ajiino
80 I'ouisi,na. who declared that' d innrs
,bor,seIyas Of the provisions Oh i,otion
# this State relative 10 ". s-,Ynd and or.
- and do by these presents -,
I'oi,.o., into and constitute COZ
jon and body polite in law LOT 90, forth
- and purposes herelnalter adont
md EXPRESSED. which the! h'
IS their charter ,, ~ the
aatinn hereby formed Is decIaleu a..
- w II Cowley Steamship - ". 0r.
IomiciIa shall be in the Clty cl IN have
ans state of Louisiana anu II nnIa name
nd enioy succession by It's COT -. ~ and
~ neriod of ninety nine years rom - g.,
y. at hereof Citation ana otheI
.ro,ass snail be served upon the PLfiiiitv
"a an the event Of his absence or lhapi'i 10
n act. from any cause, the sai. re- nan.
aryed upOn the vice preslueh.' treas
IA Oh
Irer, should ne lu''ei
IN one person. .osas
,pTICIE 1.-THE objects and purpVsS5S
- which this corporation Is OF 80
nd tbe nature of the business 10 "
i'd on by IL are hereby decidlcu w o.
I,irSt, TO engage in and carr! On
lrnHiin business: to own, control anu
nCnira Inv lease, charter, purchdse' " W.
trrrt or otherwise acquire stealllOU az
sailing vessels. tugs, barges' Ishit a. in
.eIs and water craft OF All h Ihuo' g. +ba
arasts therein and to operate same loI -.
ransnortatiou of goods and passehsVi.s'
,iSo 70 purchase, build, construct lepat,
lease sell, convey, manage anu Staary
vessels of all kinds, and all thnn,s
appliances and appurtenahces' my 81 an
nv way connected Herewith; Win a,so
,ower TO do a towing business anu aiso
a purchase, own, lease cohstluNt -
trol and operate docks, "areh S
Nharves. dry docks, ana uocA ma sn tinds
,nnliances and appurtenances OF All Minus
I'd yvith mower also to do general snip
,uiIding, steyedOring, dockage, Warehouse
hin agency, ship brokerage anu 0o1i =,
sion business, with power for any anu ar
II the above purposes, TO borrow money
and TO issue from time to time, 10 an! ca
ont necessary and convenient IN the opln-
ION of the board of directors Oh TINS coI
poration. negotiable notes, coupons
sistered or other bonds or oohgatlohs Oh
ment Of the principal and interest," on the
same by mortgage or pledge or all or an!
part of the property, rights lrahchIses,
and privileges of the corporation then
owned or which may be hereafter acquired
Inv the CORPORATION. and also win iul
power to do all things proper, necessary,
convenient or incidental to the powers
and purposes above expressed
(SecondD To acquire by purchase, SUD
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
dences of Indebtedness of any other cor
poration or corporations, association or as
sociations, domestic or foreign, engaged IN
any business in which this corporation
may be authorized to engage or the
ownership of whose securities would De
advantageous or convenient in the protec-
ton or promotion of any OF the purposes
or interests of this corporation. but ohiy
10 the extent authorized by the laws OF the
State of Louisiana.
(Third.) To carry out all or any part
of the foregoing objects as prlneipal,
manager, factor, agent, contractor or
otherwise, either alone or in conjunction
with any person, firm, association or cor
poration, and in any part or the WorIu'
and in carrying on It's business and for
the purpose of attaining or furthering any
of its objects, to make and perform such
contracts of any kind and description, to
do such acts and things, and to exercise
any and all powers as natural person
would lawfully make, perform, do or
otherwise. provided the same be not in
consistent with the laws under which this
corporation is organized.
ARTICLE III-The capital stock Of this
corporation is hereby fixed at the sum of
twenty five thousand (S25,OOOOO) dollars,
divided into two hundred and fifty shares
of the par value of one hundred dollars
(s1OO.OO) each, payable in cash and the
capital stock may be increased hereafter
to the sum of one million dollars. No sale
or transfer of this stock shall be recog-
niZed by the corporation unless and until
said stock shall have been first offered in
writing to the corporation at its book
value, as shown by the last annual state
ment, for the use and benefit of other
stockholders, who are hereby granted the
absolute first right and privilege to pur-
chase same at the price stated and to ac-
cept (Which shall be in writing) and pay
therefor within thirty days after such
offer shall have been made. The right and
the rights conferred in this article of the
charter shall follow the stock into who
sOever hands 1t may go. Failure of the
holder or possessor of the certificate of
stock to produce or deliver same shall
authorize the corporation to receive in
trust the price thereof, to cancel such out
standing certificates on the books of the
and issue new certificates
therefor. The stock so purchased shall
be divided among the remaining stock
holders in proportion to their several
holdings and upon payment of the price
thereof. ANY such stock not desired by
any stakeholder or stockholders shall be
divided pro rata among the balance of the
This corporation shall BE-
the agent of the stockholders specials
empowered through its board of directors
to enforce and carry out all of the forego-
ing provisions regarding stock in this cor
poration. The substance of these provi-
sions of the charter shall be stated briefly
and succinctly upon the face of each GER |
tihcate of stock and shall be conclusive |
notice to all persons dealing Herewith.
ARTICLE IV-All the corporate powers |
shall be vested In and exercised by a board |
Df directors made up of three stockholders,
two Of whom shall constitute a quorum for |
all business. Said board may |
adopt bylaws, rules and regulations for |
The government of the business and affairs
d. the company, and may alter, amend and |
mango the same at pleasure. 1t may an
point, hire and discharge all officers.
agents and employees, fix all salaries, and |
generally do and perform all things neces- |
sary for the transaction of the business
and affairs of the corporation. Any d. |
rectors intending to be absent temporarily
may be represented by written proxy |
MED with the board and notified to the |
president. Vacancies occurring in the
board shall be filled by it. The first
board of directors shall be composed of |
w. III. Cowley, New Orleans, La; F. Il.
Thriffiley, New Orleans, La and /. J.
Stakelum. New Orleans, La: and tbev
shall hold Office until tha 6,et