The herald., 1922-07-06
CHARTER OF
SIPSEY BARGE AND TOWING

CO., INC.
United States OF America. State Of
New Orleans. Be it known that on this
second day OF the month OF June. in ths
year OF our Lord. one thousand nine
/ hundred and twenty-five, and Of the in
dependence Of the United States OF Amer
lea. the one hundred and forty sixth
before me. Selim p. Lemle, Notary
Public. duly commissioned and qualified
in and for this city, parish and state.
/ therein residing. and in the presence OF
the witnesses hereinafter named and
undersigned. personally came and APP
hereto subscribed. who severally declared
TO me. Notary, in the presence Of the
/ two undersigned competent witnesses
that desiring to avail themselves Of the
/ provisions Of law OF the state Of louis
! lana relative to the formation Of corpOr-
atoms. and especially the statute known
as the General Corporation Act Of 1914
/ and all amendments thereto and to ac-
quire and enjoy the rights privileges
| and powers Of a body corporate and
petite in law. they do hereby form them
selves into such a corporation and body
| polite under the name and style and for
the objects and purposes hereinafter
/ specially set forth.
ARTICLE I. The name and title Of
this corporation shall be Sipsey Barge
and Towing Co, Inc. and its duration
shall be for a term Of ninety nine tso'
/ years from date.
ARTICLE IL The objects and pur-
| poses for which this CORPORATION i,
formed are hereby declared to be: The
owning. chartering and operating OF
steamers and other vessels. tugs barges
boats, lighters or other water craft. and
| the purchase owning and holding OF
sticks bonds and other securities Of
corporations OF this and other states and
countries; TO purchase or otherwise ac-
quire coal. coke and other merchandise
and TO ship. transport and sell the same
to tow ships. barges and other water
craft: to assist. salvage and otherwise
serve stranded or disabled vessels or
other water craft and their cargoes: to
own, lease, control and operate eleva-
tors, wharves and landings: to load and
unload vessels and perform other steve
doring work; to dredge with tugs or
nection Herewith filing up and reclaim
ing land; to carry on a general freight
and transportation business; to have
common seal; to borrow money and con-
and debentures. and any other obliga-
tons. and to secure the PAYMENT Of the
same or anv Indebtedness contracted by
mortgage. pledge. pawn or otherwise Of
Its property, real. personal and mixed
TO own real estate, and to buy and sell
same; TO improve and dispose Of the
real, personal and mixed property Of the
company; TO acquire by purchase or
lease any and all machinery and neces-
sary apparatus to carry out any or all
or the purposes herein provided for: and
herein enumerated. and such other acts
and things in any part Of the world as
the Board OF Directors NAV deem to the
advantage Of the corporation. which a
natural person could do and which are
not inconsistent with law.
The foregoing enumeration Of specific
powers shall not be deemed 10 limit or
restrict in any manner the general pow
ment and exercise thereof as conferred
oy the laws OF the state Of Louisiana
upon corporations organized under the
provisions Of the General Corporation
the state of Louisiana, or under any
laws amendatory thereto which have or
may hereafter be passed.
ARTICLE III. The domicile Of this
corporation shall be in the city OF New
Orleans. parish Of Orleans, state OF Lou
lslana. and all citations and other legal
process shall be served upon the Presi-
dent OF this corporation, or. in case OF
MS absence. upon the Vice President or
IN case Of the absence Of both Of these
officers. upon the Secretary Urea surer
ARTICLE ". The capital stock of
ms corporation is hereby declared to
De One Hnndrsd and Twenty thousand
creased from time to time. in the man
ner provided by law to One Million Dol |
lars tSlOO0.OOO.O0). any part Of which in
matter provided.
Said capitaI stock Of One Hundred and
Twenty Thousand Dollars (s12O 600 O0) is |
divided into twelve hundred (12OO) shares
OF One Hundred Dollars (s1OOOO) each. |
which said common stock shall have a |
voting power Of one (1) vote for each |
share Of stock. which vote NAV be cast |
by the stakeholder in person or by |
proxy, at all general elections or meet |
fngs OF the stockholders and the afore- |
said proxy need not be a stakeholder of |
the corporation. Said capital stock IL 70
be paid for in the manner provided by /
Tn IN. .xa~e - -