The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-03
CHARTER.

CHARIER.
ARTICLE III.-The objects and pur- |
poses for which this corporation is formed |
and the nature of the business to be car |
ried on by Ii 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 an!
| other material, merchandise. etc. TO 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 or engines,
| steam, internal explosion, gas engines ana
meters, electrical engineering apparatus,
| pipes valves, fittings and steam ana other
| specialties, and to deal in any KIND ana
| description of transmission machinery, To-
| comotives, draying machinery; to construct
| machines and machinery of every KIND ana
| character, and to equip, erect ana install
| same for use and operation; to carry on
the business of consulting engineer 10 re-
| pair and equip, and to fit out barges, boats,
| tugs and vessels and all manner OF water
| craft; and to repair, outnt lnStall anu
| equip any machinery and all otner WORK
| pertaining to said water craft; TO estaO-
| fish 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 OF
| 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 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
| xr.sI 81 Nhp nm N
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 Tote of two
cording to the laws of the State or Louis
lana. Said stock may be issued full paid
and worcestershire in payment for, prop
, | erty actually purchased or services act
| ualIy 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 nfty
per cent of the subscribed capital stock
paid in. And said incorpOrators hereby de.
clare that fifty per cent or the capltai
stock has been subscribed and paid 1or
= 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, ana
all the corporate powers thereof shall be
vested in and exercised by Board of Di
!. rectOrs, who shall each be stockholder
J. and said Board of Directors shall be
i elected annually on the first Tuesday in
i December of each year, commencing on
e the first Tuesday in December, 1921. The
n officers of this corporation shall be q
y President vice-President and Secretary
| Treasurer.
The first Board of Directors shall b.
Thomas W. Burt, Gordon s. Orme, and
10 Lucian l.. Jarreau, with the said Thomas
|, w. Burt, as President; said Gordon 5
e Orme as Vice-President, and said LuciaI
lie l.. Jarreau as Secretary Treasurer. wh h
d shall hold their respective offices until the
II first Tuesday in December. 1921. or unit
If their successors are duly elected and quail
), 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 ofhcer'
= herein provided for, and which officer,
shall be elected for the term Of the Board
of Directors.
All notices Of election or other meeting:
l. of stockholders shall be sent to each stock
W holder fifteen days prior to such election
d or meeting, delivered in person or mailed
Ir to their last known address.
d No employees or agents of this corpora
ie ton shall be deemed employed by the year
d unless so contracted with in writing ant
n shall hold their positions at the pleasure
of said Board.
y At all meetings of the stockholders, eacl
share of stock shall be entitled to one vot.
cast in person or by proxy, but stool
= transferred on the books less than sixteei
a days prior to such meeting shall not D.
'a ! entitled to vote at such meeting.
l. Any vacancies occurring on said Board o
s. Directors shall be filed for the unexpire'
Of term by the remaining Directors after tel
l. DAYS notice of the meeting call for tina
III purpose.
y All notices of the Board of Director
y meetings shall be sent by mail or delivered
10 In person.
e ARTICLE Win the event of liquida
~ ton or dissolution of this corporation, b
sx liquidation or otherwise, the then eNisnn
:! Boad of Directors shall continue as hqui
dating commissioners, and should any on
is of the said commissioners die or ~ h
A. may be disqualified, the remaining LOU
l. dators shall continue liquidation.
G. Said corporation may be liquidated Q
e: any time on two-thirds vote of the stocf
ne holders at a general meeting called for tha
ed purpose after fifteen days written motto
Ill thereof has been given to each stockholde
10 sent in the manner above described.
re- ARTICLE yII.-No stakeholder sha
nd ever be held liable or responsible for tn
ne contracts, faults or debts of said corpors
IT. ton in any further sum then the unpai
stock, subscribed for by him; nor sha
ell any mere formality in the organization {
~ this corporation subject any stakeholder |
I'm any liability beyond said unpaid balan6
Its that he may owe on his stock; nor sha
any such informality in organization rei
or der this charter null or void.
he The subscribers to the charter of tn
he corporation give their names, address,
CT, and amount Of shares by each subscribe
at the end hereof.