The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24


CHARTER OF POCOHONTAS COMPANY,
INCORPORATED.
United States of America. State of Louis
lana Parish of Orleans, city OF New Or
leans He il known. That on this the 10Th
daV of the month of March. in the year
one thousand. nine hundred and twenty
one. and of the Independence of the ulted
States of America, the one hundred ana
forty fifth. before me. Charles +. Fletch-
niger. Notary Public. duly commissioned
and qualified in and for the Parish of Or
leans State of Louisiana. therein resld-
ing. and in the presence of the witnesses
hereinafter named and undersigned. per
sonally came and appeared the several IN
dividuals whose names are hereuntO sub
scrihed. who declared that. availing them
selves of the laws of this State in such
cases made and provided and particular!
Act 267 of the General Assembly OF the
STATE. of louisiana for the year 1911 they
have coyenanted and do. by these pres
ents. covenant. agree and bind themselves.
aS well as such other persons as may
hereafter become associated with them, 10
form and constitute a corporation and
body polite in law for the objects and
purposes and under the terms and CON
ditiOns following, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be POcohontas Company,
Inc. and by said corporate name II snail
have succession and enjoy existence for
a period of ninety mine years, unless soon
er dissolved in the manner provided by
law for the Articles of this charter. and
under said corporate name, II shall have
power and authority TO contract, sue and
be sued to make and use corporate seal.
the same to alter or break at pleasure :;
to make all necessary rules and regula-
tiOns for its corporate management and
control, and shall have and enjoy all the
rights. privileges and immunities which
are now conferred upon or may here
after he granted TO corporations of the
same kind and character.
ARTICLE 1.-THE domicile of this cor
pOration shall be, and Is hereby fixed, at
the City of New Orleans, State of Louis
lana, and all citations and other legal
process shall be served upon the president,
or, in his absence or because of inability
to act. upon any other officer Of the cor
poration.
ARTICLE In.-The objects and pur-
poses OF this corporation are TO buy and
own or lease or rent pleasure boats; of
any kind or description. and to use the
same for their own enjoyment and for
social purposes; and to lease or buy lands
upon any water front upon which to erect
wharves or buildings or to rent, lease, or
buy wharves and buildings already built
or harbor rights as may be necessary or
serve for the use, convenience or enjoy
ment of the incorporators.
ARTICLE Iv.-The capital stock of this
corporation shall be five thousand 49,
0OO.00) dollars. divided into one hundred
shares 900 of the par value of fifty (SJ0)
dollars each, which shall be common stock.
and the amount TO which the capital stock
may be increased is hereby fixed at seven
thousand five hundred (s7.jOOOO) dollars.
said stock shall be issued only for cash
or in payment of property or services
actually received by or rendered to said
corporation; said stock shall be fully paid
at the time Of its issuance and thereafter
be worcestershire. The corporation shall
commence business and become a going
concern as soon as nifty 900 per cent of
its capital stock shall have been sub
scribed and fifty 600 per cent of the stock
subscribed shall have been paid in.
The parties to this act hereby declare
that they have subscribed for the number
of shares of the capital stock of said cor
pOration set opposite their respective sig
natures hereto, so that this act OF in,
corporation shall serve as the original
subscription.
Eustis, one of the subscribers to
the fifty shares of the capital stock of this
corporation in payment of said subscrip-
ton has conveyed, transferred, set over
and delivered TO the corporation, by prop
er bill of sale, the gasoline launch I'm
dian Girl" and the directors of this cor
poration herein named do hereby appraise
said launch at a valuation of twenty five
hundred (S2JO0) dollars.
The stock of the corporation shall be
transferable only when all dues owing
to the corporation by the owner Of such
stock shall have been fully paid and said
dues shall be first lien and privilege
against said stock for the payment there
Of No stock shall be sold or transferred
on the books of the corporation unless
said stock be first offered to the Board
of Directors for account of the share
holders, i'm writing, and ten (1O) days
allowed said board to accept or refuse
said offer, and in the event of refusal to
purchase said stock, then the owner may
sell same on the open market to the best
advantage.
ARTICLE v.-All the powers of this
corporation shall be vested in and eX-
ercised by Board of not les than three
stockholders, to be elected at each an
nual meeting of the corporation; said
board shall be elected by the shareholders
voting in person or by written proxy, each
shareholder being entitled to one vote for
each share of stock standing in his name
on the books Of the corporation.
The first annual meeting for the cleo
ton of directors shall be held on the sec
ond Monday in May. 1922, and on the sec
ond Monday of May In each succeeding
year.
Until the election above provided for,
to be held on the second Monday In May.
1922 the officers and Board of Directors
shall consist Of Carroll W. Allen, 43
Audubon Blvd. New Orleans, who shall
General Pershing ST., New Orleans, La,
who shall be vice-President: Allan Eustis,
1918 Webster ST., New Orleans, La, who
shall be Secretary Treasurer.
The officers shall consist Of President,
a Vice President, Secretary and Treas
urer. any two Of which Offices may be COM
bined in one.
The Board of Directors shall have full
power to levy and fix the annual dues to
be paid by each shareholder. the same not
to exceed $4,000 per annum for each share
of stock, and said dues shall be a first lien
and privilege on the stock for the pay
ment thereof.
A majority Of directors shall constitute
quorum for the transaction of business.
ARTICLE VI.-This corporation may be
dissolved at any time by a vote of two
thirds of the outstanding stock, as APP
pearing upon the books Of the corpora
ton. at a meeting specially called for that
purpose, after thirty days notice to each
shareholder at his last known place of adj
dress. In the event of such vote, dis
solving this corporation. the said meeting
shall at the same time that such vote may
be taken. elect three nquidators to sell and
wind up its affairs.
corporation shall ever be held liable or
responsible for the contracts or faults
thereof in any further sum than the I'M
paid balance due the company on the
shares of stock subscribed for or owned
by him. nor shall any mere informally
in organization have the effect Of render
stakeholder to any liability beyond the
ing this charter null or Of exposing a
unpaid balance, II any, Of his stock.