The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
,JNO. CASEY,
Notary Public.

| United States Of America State OF Louis
| i,na parish of Orleans, City Of New OF
| Ia,ns Ea il known. that on this nrst udy
| - tb, month of October, in the year %
| our Lord one thousand, nine Euhul. ~ t.
| tvrnty-one, before me, Henry r b ~
| , nnt,ry public. duly commissioner or"
| ",,nIifiai i'm and for the Parish ana otH ..
| aforesaid, and in the presence Oh VI. fJ
| ncss.s hereinafter named ana uiii'i d siors
| nerSonally came and appeareu' tnY ,,,Lo
| whose names are her"uhto suosSliDoi -
| dacI,r,d that they are all of age ana 10 IT,
| ion,s of the CITY Of New Orleans SUI :
| NJ louisiana, who declared that' aN"i i
| themselves of the provisions Oh I hS
~ mis- State relative to the organic L1 'i l
of CORPORATIONS. they have loIhiru form
gauized and do by these presents ,ornora
,t,'.s,i,,. into and constitute eoEPoIS
~, and bodv polite in law Tor tht III
- and purposes hereinafter SCI -
ynd .XprrsSed, which they herto! ""'P'
as their charter. 80. - .bo
,pTICIE The name and title Oh 'to
Al. tian hereby formed is declared 10
w II Cowley steamship Co, mt tt'
Sou;,iIa shall be in the city OF ~" -,
Ia,pS state of louisiana anu II oii So. emo
and enjoy succession by It's corp - ma
for a period of ninety nine yea - hal
artar date hereof. Citation anu JIM 80
,,rnr,sS shall be served upon the Pre,lEIit
md i'm the event of his absence OF maj mai 10
to act from any cause, the san ~ IAN
arv,d mon the vice president tne 80
- the secretary or the secretary 49,,
urer, should De lat'ei
in one person. 1900
ARTICLE 1.-THE objects and purposes
sor which this corporation Is orSahl
and the nature of the business TO De
I'D on by il are hereby decIareu U
Srirst( To engage in and carry on
s%in business; to own, control anu
acnuira nv lease, charter, purchase Con
1trnrt or otherwise acquire steaIhooas'
sailing vessels, tugs, barges' Hshtei' ;n
S.Ls and water craft OF All Minus - tba
forests therein, and to operate same lol -.
tranSnortation Of goods and passehseIs'
,lsG TO purchase, build, construct repht,,
lease sell. convey, manage anu 49,,
vessels of all kinds, and all macnlny
appliances and appurtehahceS' o. an
Iy necessary or convenient thereto, vi
any way connected Herewith; Win a,so
newer TO do a towing business anu aie0
70 purchase own, lease, CONSTRUCT
troll and operate docks, "arenUu'
,vharyes dry docks, and dock machlneIy'
annIi,ncas and appurtenances of all klnus'
and with power also to do genera sup
building, steyedOring, dOckage, Warehouse'
ship agency, ship brokerage ana cum cum nn
sion business, with power for any anu an
of the above purposes, to bOrro" hOneS'
and TO issue from time to time, 10 any eA-
tent necessary and convenient IN the oPIn'
ion of the board Of directors OF thls COT
poration negotiable notes, coupons re-
ViStpreu or Otler DOnuS VI OOtA6"NAN
this corporation, and to secure the pay
m,nt of the principal and interest on the
same by mortgage or pledge Oh all OF any
part of the property, rights lrahchiSes,
and privileges of the corporation then
owned or which may be hereafter acquired
nv the CORPORATION, and also with full
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
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
of whose securities would De
or convenient in the protec-
ton or promotion of any of the purposes
or interests Of this corporation, but only
To the extent authorized by the laws Oh the
State of Louisiana.
(Third.) To carry out all or any part |
of the foregoing objects as principal |
factor, agent, contractor or
otherwise, either alone or in conjunction |
with any person, firm, association or cor
poratiOn, and in any part of the world;
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 |
Of herwise, 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 ($25.OO0OO) dollars, /
divided into two hundred and fifty shares
Of the par value of one hundred dollars
tS1O0.O0) each, payable in cash and the
capital stock may be increased hereafter |
70 the sum of one million dollars. No sale
DR. transfer of this stock shall be recog- |
lized 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 !
who are hereby granted the
absolute first right and privilege to pur-
,hase same at the price stated and to ac-
,ept (Which shall be in writing) and pay
therefor within thirty days after such
,fer shall have been made. The right and
he rights conferred in this article Of the
'harter shall follow the stock into who
holder or possessor Of the certificate of
stock to produce or deliver same shall
authorize the corporation to receive in
rust the price thereof, to cancel such out
tanding certificates on the books of the
corporation and issue new certificates
4
De divided among the remaining stock
folders in proportion to their several
holdings and upon payment of the price
hereof. Any such stock not desired by
ny stakeholder or stockholders shall be
ivided pro rata among the balance of the
tockholders. This corporation shall BE-
he agent Of the stockholders specials |
through its board of directors
0 enforce and carry out all of the forego-
ng provisions regarding stock in this cor
Grafton. The substance of these provi- |
ions OF the charter shall be stated briefly |
nd succinctly upon the face Of each GER
lhcate of stock and shall be conclusive
office to all persons dealing Herewith
ARTICLE IV-All the corporate powers |
hall be vested in and exercised by a board |
directors made up of three stockholders,
NO OF whom shall constitute a quorum for i
all business. Said board may
dept bylaws, rules and regulations for
ne government of the business and affairs | {
the company, and may alter, amend and '
mango the same at pleasure. 1t may ap- [
ONT, hire and discharge all officers. c
gents and employees, fix all salaries and I
enerally do and perform all things neces- {
airy for the transaction of the business
nd affairs of the corporation. ANY di
ectors intending to be absent Temporarily |
lay be represented by a written proxy {
led with the board and notified TO tho | !
resident. Vacancies occurring in the :
GARD shall be filled by it, The first G
GARD of directors shall be composed of | S
Y. II. COwley, New Orleans, La: +. r "
hriffiley, New Orleans, La. and / T
takelum, New Orleans La: and tbev :
hall hold Offica uufiI tbo e.. ,