The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31

W. Il. IAMlslN
Notary Public.
Mch. 2I-hpr. 2s.
CHARTER OF P0COHONTAS COMPANY,
INCORPORATED.
United States of America. state OF Louis
lana, Parish of Orleans, city OF New UT
leans he il known. That on this the l"th
DAY Of the month of March, in the year
! one thousand. nine hundred and twenty,
! one. and of the Independence OF the hteI
! States of America. the one hundred ana /
| forty fifth. before me, Charles L. flttch.
! niger. a 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 III !
| diyidualS whose names are hcreunto sub /
| scribed. who declared that. availing them |
! selves of the laws of this state IN Such !
! cases made and provided ana particularly !
| Act 267 of the General Assembly 81 the ]
| State of Louisiana. for the year 1911, they |
| have cOvrnanted and do, by these pres
| ents covenant. agree and bind themselves.
| a. well as such other persons as may
! hereafter become associated with thtTA' 70
| form and constitute a corporation ami
body polite in law for the OBJECTS ana
purposes and under the terms ana con
ditionS following. to-wit:
ARTICLE THE name and style of TINS
cOrporation shall be POcOhOntas Company,
| Inc and by said corporate name II shall
have succession and enjoy existence for
| period of ninety nine years, unless soon
| or dissolved in the manner provided by
| law for the Articles of this charter, and
under said corporate name. IL shall have
power and authority 10 contract. sue ana
be sued; to make and use corporate seal
the same to alter or break NJ fIeaSuIr'
to make all necessary rules and regula-
tions for its corporate management ana
control. and shall have and enjoy all me
rights. privileges and immunitles when
are now conferred upon or may here
after be granted 10 corporations OF the
same kind and character.
| ARTICLE 1.-THE domicile of this cor
pOration shall/be. and is hereby liked AT
= the City of New Orleans State of Louis.
| lana, and all citations and other legal
process shall be served upon the pressient,
, | or in his absence or because OF lndhihtE
to act. upon any other officer OF the cor
porati0n.
sARTICLE III-The objects and pur-
poses of this corporation IRE to buy and
| own lease or rant pleasure boats or
any kind description. and to use the
! | same for their own enjoyment and for
l 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
e or harbOr rights as may he 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 (SJ.-
n OO0.OO) dollars. divided into one hundred
shares ClOOD of the par value of fifty tSJOl
dollars each. which shall be common stock.
q and the amount to which the capital stock
i / may be increased is hereby fixed at seven
thousand. five hundred (SI.5OOO) 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
e he worcestershire. The corporation shall
Il commence business and become gong
!, concern as soon as fifty (50D per cent of
d its capital stock shall have been sub
d scribed and fifty (J0) 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,
II corporation shall serve as TIE Original
II subscription.
'n EuStis, one of the subscribers 70
~ the fifty shares of the capital stock of this
~ corporation in payment of said subscrip
ton has conveyed, transferred, set Over
r and delivered to the corporation. by prop
s. err bill of sale the gasoline launch in
$ dian Girl" and the directors of this cor
"a poration herein named do hereby apprais'
~ said launch at valuation OF twenty-five
III hundred (S2J00) dollars.
a. The stock of the corporation shall b.
- transferable only when all dues OWN!
70 to the corporation by the owner of sucl
~ stock shall have been fully paid and sai'
~ | dues shall be a first lien and privilege
~ against said stock for the payment there
%, Of No stock shall be sold or transferred
u on the books of the corporation unies
as u.s. said stock be first offered to the Boar'
ee of Directors for account OF the share
!. holders. in writing, and ten tlO) day
allowed said board to accept or refus
said offer. and in the event of refusal U
is purchase said stock. then the owner ma
OF sell same on the open market TO the bes
IL advantage.
ar ARTICLE v-All the powers of thi
H. n. corporation shall be vested in and ex
e ercised by a Board of not les than thre
,e nor more than five directors, who shall b
y ~ stockholders. to be elected at each al
~ nual meeting of the corporation; san
,a- board shall be elected by the shareholder
-, voting in person or by written proxy, eac
~ shareholder being entitled to one vote 10
en- en- each share of stock standing in his nam
eA on the books Of the corporation.
The first annual meeting for the cleo
"a ton of directors shall be held on the SEE
lu ond Monday in May, 1922. and on the sec
VI ond Monday of May In EACH suceeedin
a year.
or Until the election above provided 70
70 to be held on the second Monday in Ma!
be 1922; the officers and Board OF , uaec'ol
he Audubon Blvd, New Orleans, who sha
MS. be President: Oscar c: burlington, 10:
he General Pershing St, New Orleans La
en- who shall be vice-President; Allan Eusti
,ya 1918 Webster ST., New Orleans, La, WI
he shall be Secretary Treasurer.
m. The officers shall consist of Presiden
ha a II,
de urer. any two of which offices may be con
he bined in one.
nss The Board of Directors shall have fu
a. power to levy and fix the annual dues
be paid by each shareholder. the same m
TO exceed $4,000 per annum for each sha
ers of stock, and said dues shall be frst n'
De and privilege on the stock for the pa
Vi ment thereof.
rec A majority Of directors shall constitu
al a quorum for the transaction of business.
Id ARTICLE vI.-This corporation may
OF dissolved at any time by a vote OF tw
ors thirds of the outstanding stock, as a
his pearing upon the books of the corpor
lnd ton at a meeting specially called for tn
re- purpose, after thirty days notice to ca
RIM. shareh older at his last known place OF q
rst dress In the event Of such vote, dl
'ng solving this corporation. the said meetii
ent shall at the same time that such vote m
en- be taken, elect three liquidators to sell al
ave wind up its affairs.
one ARTICLE Vino stockholder Of Il
'er- corporation shall ever be held liable
responsible for the contracts or fau
.ver thereof in any further sum than the U
or paid balance due the company on
her shares of stock subscribed for or own
the by him. nor shall any mere INFORMAL
ned in organization have the effect OF rend
in stockholder to any liability beyond
ing ing this charter null or OF exposing
,ek- unpaid balance, Ii any, Of his stock.