The herald., 1921-02-10
CHARTER.

ARTICLE II.-The objects and pur--
poses for which this corporation is formed
| and the nature of the business to be car
| ried on by 1t is hereby declared to be; to
| buy. sell, lease, build, equip. repair ana
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 Tor others
/ to buy, sell and manufacture. and TO deal
| in at wholesale or retail for ITS own ac-
| count or as agent or otherwise, in all
| kinds and character of wood, metals or any
| other material. merchandise. etc; 10 Duy.
| 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 ana
| meters electrical engineering apparatus,
pipes. valves, fittings and steam and other
| specialties. and to deal In any kind ana
| description of transmission machinery 10
| comOtives, draying machinery 10 CONSTRUCT
| machines and machinery of every KIND ana
| character, and to equip, erect and install
| same for use and operation; 10 carry on
| the business of consulting engineer. TO re-
| pair and equip, and TO mt out barges: boats,
! tugs and vessels and all manner OF water
| craft; and to repair, eutht. install ana
| equip any machinery and all other WORK
| pertaining to said water craft; 10 estaD-
| lish and run a machine or any other klnd
| of shop or shops; to make any contracts
| to do any of the work or works hereln
| specified; to build and erect docks or
| terminals. and generally to engage IN any
| other business or enterprises or to build
and operate roads and tramways, steam
| or otherwise to be used in connection win
| said business; to buy, sell, build, equip,
| operate any and all kinds of aircrafts ana
| 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 hye nun
dred thousand dollars, by Tote 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
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
, to do business after fifty per cent of the
capital stock has been subscribed and hrty
| 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 for
in full to said corporation. No transfer OF
stock shall be binding upon this corpora
ton, unless recorded upon the books OF
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 Di
!. rectors, who shall each be stockholder
. and said Board of Directors shall be
{ elected annually on the first Tuesday II
: December, of each year, commencing or
2 the first Tuesday in December. 1921. The
n officers of this corporation shall be
y President, yice-President and Secretary
| Treasurer.
. The first Board of Directors shall b'
Thomas w. Burt, Gordon 5. Orme, and
q Lucian l.. Jarreau, with the said Thomas
. W. Burt, as President; said Gordon )
o Orme, as yice-President, and said LuciaI
p l.. Jarreau as Secretary-Treasurer, wh'
d shall hold their respective offices until TN
r first Tuesday in December, 1921. or unit
# their successors are duly elected and quail
s. fed. The first Tuesday in December. an6
annually thereafter an election of Direc
tors shall he held at. the Office of the cor
shall proceed at once to elect the officers
= herein provided for, and which OFFICERS
l. shall be elected for the term of the BoarC
of Directors.
All notices of election or other meetings
l. 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.
d No employees or agents of this corpora
e ton shall be deemed employed by the year
n shall hold their positions at the pleasure
y fof said Board
! At all meetings of the stockholders, eacl
= share of stock shall be entitled to one yot
! cast in person or by proxy, but stool
- transferred on the books less than sixteel
y DAYS prior to such meeting shall not b
o entitled to vote at such meeting.
/ ANY vacancies occurring on said Board o
S Directors shall be filed for the unexp1re'
" term by the remaining Directors after tel
l. days notice Of the meeting call for tina
II purpose.
y All notices of the Board of Director
y meetings shall be sent by mail or Delivers
"a In person.
ARTICLE Win the event of liquida
q ton or dissolution of this corporation b
- liquidation or otherwise, the then eyistin
. Boad of Directors shall continue as liqui
dating commissioners. and should any on
Is of the said commissioners die or II h
4 may be disqualified, the remaining nqu
ID dators shall continue liquidation.
G Said corporation may be liquidated q
2 any time on two-thirds vote of the stocl
lie holders at a general meeting called for tina
"a purpose after fifteen days written motto
III thereof has been given TO each stockholde
70 sent in the manner above described.
e. ARTICLE Vino stakeholder sha
Id ever be held liable or responsible for tn
ne contracts, faults or debts of said corpors
f. ton in any further sum then the unpai
it balance, If any. due the corporation on tn
stock, subscribed for by him: nor sha
III any mere formality in the organization
y this corporation subject any stakeholder I
m any liability beyond said unpaid balant
Is that he may owe on his stock; nor sha
any such informality IN organization rer
pr der this charter null or void.
he The subscribers to the charter Of TIL
he corporation give their names. address,
t, and amount Of shares by each subscribe
at the end hereof.