The herald., 1922-07-13
CHARTER OF OANACA STEAMSHIP
COMPANY INC

leans lie it known. that on this sixteenth
day of the month of February. in the year
Of our Lord. one thousand. nine hundred
and twenty-five. and of the Independence
I"f the United States Of America, the one
| hundred and forty sixth Before me
Henry L. Dart. Jr.. notary public, duly
commissioned and qualified. in and foI
this city and the Parish of Orleans. there
in residing. and in the presence of the wit
! ne>SeS hereinafter named and under,
/ signed personally came and appeared the
/ persons whose names are herruntO sub
Scrbed, who declared that availing them
selves of the provisions Of the laws Of the
State. relative to the organization of cor
poratiOnS. they have cOycnanted and
agreed and do by these presents, covenant
and agree, bind. form and constitute
who may hereafter join or become aSsO-
ciated with them, into a corporation and
body polite in law. for the objects and
purposes, and under the agreements and
stipulationS following. tO-wit:
ARTICLE The name and style of
this corporation shall be OaNaca Steam
ship Company, Inc, and under this name
Il shall have and enjoy all the rights. ad-
vantagcs and privileges granted by law
10 corporations; il shall exist Tor a period
or ninety nine years. il shall nave power
To contract. sue and he sued III its cor
perate name; to make and use a corporate
seal. and the same TO break or alter at
pleasure; to hold. receive, purchase CON
Vey, mortgage, hypOthecate. or pledge
property both real and personal: To issue
bonds. notes and other obligations: to
purchase. acquire and own stocks. bonds
ana securities in other corporations: to
have and employ managers. directors
Officers. agents and other employees, as
the interests and convenience of said cor
poration may require: and TO make and
establish such bylaws, rules and regu-
lations for the corporate management and
control of the affairs OF said corporation
aS may be deemed necessary and eXpe-
dent
ARTICLE 1.-THE domicile OF the said
corporation shall be in the City of New
Orleans. Parish of Orleans. State of
Louisiana, and citation and other legal
process shall be served on the president
and in his absence on the vice president.
in case of the death of the president of
this corporation or in the event of his in
ability to act such. his duties and func-
lions shall devolye upon, and be fulfilled
by the yice-president.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganzed and the nature of the business to
be carried on by il are hereby declared
10 De: To construct, purchase, charter.
lease, hlre. or otherwise acquire, and to
man, equip, maintain and operate. steam
ships, steamboats,, tOwboats, ferry boats !
sailing vessels. barges and other water
craft OF whatever description for trans |
portation and towage OF freight and pas
SengerS for hire and to engage in q gen
erA transportation business upon and be- |
tween places on rivers, lakes, bays and |
other waters and upon the high seas to |
ports and places in foreign countries. and |
carry on a general express business in /
with the operation OF said YES
sells; TO construct purchase, lease, hire or |
otherwise acquire warehouses. landing |
places, canals, docks. wharyes and other |
facilities and to improve navigation on |
rivers. bayOus and other waters, as the
business of the company may require; to |
hire, lease or otherwise acquire |
md to operate dry docks and floating
locks, suitable for handling and reDoir-
ng vessels. and to build and repair yes
sells of every description: to construct
purchase hire, lease or otherwise acquire
md operate on land, omnibusses, automO-
piles, trucks, teams and vehicles of every
nature and description for the transpor-
alton of freight and passengers, to and
rom the landing places of the vessels
operated by said company. and such other
POINTS as the board of directors MAJ from
line to time determine to be necessary
or the business of said company and
to do and perform all things
;ermalne and incident to. or usual in,
he business and affairs hereinaboye AL /
horned.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum of
i've thousand ($5,0OO0O) dollars, divided
nto fifty t5O) shares of the par value of
me hundred lSlOOOOl dollars each, which
ihares shall be paid for in cash. or in
he purchase or exchange of property. and
he said capital stock may be Increased
o the sum of one hundred and twenty
i've thousand (Sl25. 0O0.0O) dollars. All II
hares of stock shall be full paid and non
SSessable. No transfer of stock shall be {
finding upon the corporation, unless made !
pom its books and all certificates of stock
hall be signed by such officers as may d
e designated BIZ the board of directors In
All stock in this corporation shall be :
ED upon condition precedent, and un- =
or contract and agreement in the nature
vested rights that all such stock is so
ED and possessed subject TO the rules
nd provisions for the transfer of same
ereinafter set out, towit:
m No sale or other transfer of shares
( stock in this corporation shall be valid
ntil and unless the opportunity has been 9
the date Of such transfer. sale or other {
lienation, to purchase such stocks at y
ook value. plus twenty-five per cent. the o
alue TO be ascertained in the manner {
erein prescribed. The right to ACQUIRE
lid stock hereby first vested in the other
fockholders of record shall follow the
ock into any hands to which il may pass
nd may be exercised against the holders
lereot within ninety days from the time
ny sale or transfer has been offered TO be
ltered on the books of the corporation.
Ii shall be the duty Of any holder OF
0ck in this corporation who intends or
,Sires to sell, transfer. ALLEVIATE or other
Use dispose of the same to give ten
'Slre 10 the board Of directors of the cor
grafton. who are hereby constituted
gents Of the other stockholders for the
lrpose OF such notice and said board
directors shall give immediate inform
ion thereof, In writing, TO all the other
ockhoiders Of record. Before the ex-
ration of the ten days from the recent
said notice by the. board Of directors
~ shareholder Of record, may offer TO
lrchase, and may acquire the right TO
lrchase, said stock by notifying the
ara OF directors in writing and there
ter shall deposit the price Of said stock
cash with the corporation on or before
g expiration Of eighty days from the -
st mentioned date. -
Upon the receipt OF the first mentioned
tice. the board of directors shall adj
Sc the person owning said stock, his
ent or representative TO join with said
ard in giving the value of said stock |
lich value shall be established on the
sis OF the last annual or semi-annual
ltement or report of the corporation and |
p last monthly trial balance preceding |
2 date of such notice. and the value |
Us found and established shall consti- |
e the book-value OF said stock.
4 within twenty -four hours after such |
fice to the owner. his agent or repre-
native. does not join with the board in |
ablishing the price or value Of the
ck, the board may proceed without |
Their delay to fix the said value. us
the report and trial balance afore- |
for that purpose. which writings are
Jared to be conclusive evidence for and
iinst all parties in interest in the 4
misses. whether the value is established