The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-06
CHARTER.

| CHARTER.
ARTICLE HI.-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
nestle. boats, barges, vessels and water
craft of every description, and to operate
| same for its own account or for others
/ to buy. sell and manufacture and to deal
| in at wholesale or retail for its own ac-
| count. or as agent or otherwise, i'll 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 of engines.
steam, internal explosion, gas engines anu
| meters, electrical engineering Aapparatus,
| pipes, valves fittings and steaHf and other
| specialties, and to deal in any kind and
| description Of transmission machinery. To-
| comOtiyes. draying machinery; to construct
| machines and machinery of every kind and
| character and to equip, erect and install
! same for use and operation; TO carry on
| the business of consulting engineer, TO re-
pair and equip, and to hit out barges, boats.
| tugs and vessels and all manner of water
craft and to repair, outfit. install and
| equip any machinery and all Other~work
pertaining to said water craft; 10 estab-
| lish and run a machine or 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 docks or
| terminals, and generally 10 engage IN any
| other business or enterprises or to build
| 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 and
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
corporation is hereby fixed at the amount
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 five hun
dred thousand dollars, by vote of two
third of the outstanding stock, and ac-
cording to the laws of the State OF Louis
{ lana. Said stock may be issued full paid
r 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
3 to do business after fifty per cent of the
r capital stock has been subscribed and fifty
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 Tor
= in full to said corporation. No transfer Of
+ stock shall be binding upon this corpora
|, ton, unless recorded upon the books of
y this corporation.
!. ARTICLE V.-The business and affairs
of this corporation shall be managed. and
all the corporate powers thereof shall be
| vested in and exercised by Board of Iii
:. | rectors who shall each be a stakeholder.
), and said Board of Directors shall be
t elected annually on the first Tuesday in
: December, of each year, commencing on
= the first Tuesday in December, 1921. The
n officers of this corporation shall be a
y President. Vice President and a Secretary
| Treasurer.
The first Board of Directors shall be
Thomas w. Burt, Gordon S. Orme, and
e Lucian l.. Jarreau, with the said Thomas
/. | w. Burtt as President; said Gordon =
e Orme, as Vice President, and said Lucian
e l.. Jarreau as Secretary-Treasurer. who
shall hold their respective offices until the
r first Tuesday in December. 1921. or until
Il their successors are duly elected and quail.
5, fed. The first Tuesday in December, and
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 officers
= herein provided for, and which officers
l. shall be elected for the term of the Board
of Directors.
All notices Of election or other meetings
J. of stockholders shall be sent to each stock
" holder fifteen days prior to such election
d or meeting, delivered in person or mailed
r to their last known address.
q No employees or agents of this corpora.
e ton shall be deemed employed by the year
d unless so contracted with in writing and
n shall hold their positions at the pleasure
8 of said Board.
/! At all meetings of the stockholders. eacl
share of stock shall be entitled to one vote
east in person or by proxy, but stool
- transferred on the books less than sixteeI
a days prior to such meeting shall not b'
O. entitled to vote at such meeting.
l. Any vacancies occurring on said Board o
$ Directors shall be filed for the unexpireC
Of term by the remaining Directors after tel
l. days notice of the meeting call for tina
IL purpose.
y All notices of the Board of Director
y meetings shall be sent by mail or delivered
III in person.
F. ARTICLE Win the event of liquida
!. ton or dissolution of this corporation, b
y, liquidation or otherwise the then eNistin
> BOad of Directors shall continue as liqui
dating commissioners. and should any on
is of the said commissioners die or If h
a. may be disqualified, the remaining hqui
dators shall continue liquidation.
c Said corporation may be liquidated a
e any time on two-thirds vote of the stoci
ne holders at a general meeting called for tina
ed purpose after fifteen days written motto
III thereof has been given to each stOckholdel
TO sent in the manner above described.
re- ARTICLE Vino stakeholder sha
nd ever be held liable or responsible for tn
ne contracts, faults or debts of said eorporS
IT, ton in any further sum then the unpai
IL balance, If any, due the corporation on I'll
stock. subscribed for by him; nor sha
ELL any mere formality in the organization {
~ this corporation subject any stakeholder I
IN any liability beyond said unpaid balanc
It's 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 TIL
he corporation give their names. address,
CT, and amount Of shares by each subscribe
at the end hereof.