The herald., 1922-07-27
CHARTER.

: enjoy all the rights, advantages an
: : privileges granted by law to corpora
tlons, and shall exist for the full teri
! ana period of ninety-nine years fror
TINS date 1t shall have power to con
tract, sue and be sued; to make an
; use corporate seal, and the same I
AFTER and break at pleasure; to hold
receive, lease, purchase, sell and con
Ney, as well as mortgage, hypothecat
ana pledge property, real, personal an,
mixed, corporeal and 1ncorporeal: L
name ana appoint such managers, direc
tors officers, agents and other EN-
pIoyees as it's interests and conyen
fence may require, and to make an,
establish as well as alter and amen,
IRON time to time such bylaws, rule.
and regulations as may be necessar,
and eNpedlent for the proper manage
ment and government or the affairs OF
said corporation.
corporation is hereby fixed at the cit,
OF New Orleans state of Louisiana
ana all citations or other legal pro.
cess shaIl be served upon the Presi-
dent OF this corporation, or. in his
J absence, upon its Secretary Urea surer
! ARTICLE Ill The objects and pur.
/ poses for which this corporation is
established and the nature of the bust
| declared to be:
To do general transportation bus
mess passenger, freight and express:
/ To own, buy, sell, lease and operate
Iahd vehicles of any motive power.
ana TO build, construct or repair any
, KIND OF water craft or vehicles, or
any KIND OF machinery in connection
herewith, and to construct buy lease
ana operate wharves, landings, ware
houses or shops, and generally to do
any business or thing connected with
business.
ARTICLE ". The capital stock OF
TINS corporation is hereby fixed at the
sum of Thirty Thousand Dollars
NSoV'oOO.OO), 10 be divided into and
represented by three hundred (3OO)
ShareS OF the par value of One Hum
urea Dollars (SlOOOO) each; said stock
snail only be issued for cash or i'm
payment or property actually received
OF purchased by said corporation Tn.
capital stock of this corporation ma
DC increased TO the sum of One Hum
dreu Thousand Dollars (SIO,OOO.OO) al
my tlIne upon compliance with the
provision of law relating thereto
ARTICLE V. All the corporate
powers of this corporation shall az ~.
exercised by Board of Directors con-
SIstihS OF three stockholders. a ma
J orIly OF whom shall constitute a
quorum Tor the transaction of bust
ness. The directors may vote in ner-
son or by written proxy in favor of
ahother director. The Board of Direc-
hi. small eject annually from among
Inelr number President. a Vice.
PRESIDENT, and Secretary Treasurer.
The first Board of Directors shall |
consist OF three stockholders. and
Snal be composed of John c. Allen, |
Jules +. Dubus and William j. Gleason
with the said John c. Allen as Presi
ient. Jules +. Dubus as Vice President |
anu the said William J. Gleason a.
Secretary-Treasurer.
The postofrlce address of said dirac-
.S4 Louisa street, New Orleans
Iules r. Dubus, No. 24O2 peniston
street, New Orleans, La; william i
Orleans, La. ->e"
These directors snail serve until tho
hIrd tuesday IN June, 1923, or unrII /
heir successors have been duly electad
mo quailfied The annual meeting of
10 oosAnSIderS Tor the election OF dlrsc-
orS snail be held on the third Tines.
ay IN June of each year. unless said
a. De regal holiday, and then on
me e. n next bank day thereafter. Any
" destb occurring rasig among the directors {
uedtl, resignation or otherwise 2
iaI De illled by election for the un- {
NJ Gu term by the remaining direc- {
PTS; Each subscriber hereto sets h
no a statement OF the number or ;
mares OF stock which he agrees H.
axe In this corporation. At an cleo. A.,
! ohs each stockholder shall be entitled
landing in his name on the books Of I
lie corporation. to be cast in person o
Dy written proxy. A majority of ;
lie votes cast shall elect II
Inc Board of Directors above named Il
ave ave agreed TO purchase from MIR.
eoer A. Dubus that certain yacht C,
nown as the "Reverie," now plying p
az lu sum of twenty-five thousand o
'ilars 25,O00.0O), and to issue stocs 81
the said Peter A. Dubus for sail nj
no na, nun paid and worcestershire, a.
payment OF said purchase said 81
IGnt having been carefully exvmined. lin
llued and appraised by said hoard NJ m
ley 'S do b8 at tb the sum of s25,OOO.OO. ii
me- as allowed by the laws of f Tour
ANA, from the said Peter A. Dubus p'
=, naving subscribed to two hundred u
"a IlIty lZ5o) shares of the stock OF ca
e hundred dollars $500 o01 ner he
are. Which said two hundred and
~ t25O) shares of stock subscrIn- l.,
-, ~ paiu ior by the delivery of said pr
srtar "' the time or signing this H
ARTICLE VI. In the event of III, na
uiaation or dissolution of this cor. Ia
d wot,n iis aatairs shall be liquidated NJ
wound up by the then existing "
ara OF Directors; said liouidators
al have the authority to wind mn j:
a, BUSINESS and affairs OF this cor Sd
lation of a liquidator, the survivor. HIS
AL continue said liquidation TO ter
Snh. VII. Ih1S charter NAV
,modified, changed or amended, or ga
q corporation may be dissolved. with Sta
assent OF stockholders own,np the
o-thlrds or the entire capital str..e ito
general meeting of the Stockholm wa
convened for that purpose aftsr n
teen (l5) days written notice shall
re been given TO each stockhoIder {
sea 10 MIN at his last Known al,
lRTICLE VIII. No subscribe, o.
OK snail ever be held liable Tor H.
tracts, faults or debts of This CO., Jul
duon In any further sum than tha -
'aiu balance, if any, due tba CO.. -
alton on the stock for which n.
subscribed; nor shall any stocks
Ter ever be held for such contracta s
JUS or debts in any further su1 Cit
the unpaid balance. If any o. on
STOCK owned by him; nor shall 81 IJui
feHnIormaiity In organization have and
elLect or rendering this charter OF
I. or rendering any subscriber or of
,khoIder liable beyond the nnnaid SOW.
unit IL any, remaining due on his n
o stakeholder in this cornora,,o u,
ever sell the stock owned nv hiy, r ~
Els corporation, or any part there ne.
wItnout first offering the same IN Dc.
ing to the other stockboidars Ier
'ugh the Board of Directors. AZ its per
DOCK value, who will have tbs sri
It of the death &c o"le, ana In visi
right is hereby reserved 70 th OF
aiming stockholders to nurcb ene OF
stock fbap PuA ShdSc OF