The herald., 1922-05-25
CHARTER.

shipping business, including the recclH-
ing, handling, shipping and TRANSPORTING
of goods, wares, merchandise ana HI
classes Of freight, by water
ARTICLE ". The capital stock OF
this corporation is hereby hNed al the
sum of Twenty five Thousand b"lIars
(S25 600 OO) to be divided into and rep
resented by Two Hundred and flfty
t25Ol shares in the sum of one Hun
drcd Dollars t$lOUOO) each; sald STOCK
shall only be issued for cash or IN pay
mcut of property actually received OF
purchased by said corporation. The cap
ital stock of this corporation may De
increased to the sum " one MllIl"h io'-
lars Isl 600 600 CO.
ARTICLE V. An the corporate powers
of this corporation shall he exercised
by Board of Directors. consisting OF
/ three stockholders, a majority of whom
7 shall constitute quorum for the trans
. action of business. The directors may
. vote in person ur by written proxy IN
favor Of another director. The Board
. Of Directors shall elect annually from
. among their number "A President and
Treasurer. aud a Nic"-PrcSideut and
Secretary Treasurer. Any two offices
may be held 10y the same party.
The first Board Of i'Irestor> shall con
sist of three stockholders and shall hr
composed of W. g. Smith. L. T.. Michel
aud +. W Salmcu. with the said W. q.
smith as President and Treasurer, aud
4. l.. Michel a. Nice-Prc~idrut and See
Rotary.
Thr postofGce addresses of said direc-
tors are as follows: W. q. Smith, +. p.
Michcn F. W. Salmcn. all of New Or
leans. La
These directors snail serve until the
third Tuesday in April 1923, or until
r their successors have been duly rl'ctto
and qualified The annual meeting or
stockholders for the election Of direc-
tors shall be held on the third Tuesday
n in April Of each year, unless said day
70 he Il legal holiday, and then ON the next
4 bank day thereafter. Any vacancy "c-
% curing among the directors by death,
:. resignation or Otherwise shall be- filled yb
u election fo rthr un"Npirrd term by me re-
n naming directors. fa'h >uns,r!nr e. n'reJ"
u sets after his name ms p"Stoiuyt au
n dress AMI statement OF the huhber OF
% shares OF stock when ne aGrerS |" TIN
81 in the corporation At alI elections every
= Sto'kh"idrr ShaH he 'nIl'I'd 10 ""T w Ht,
y lot '"'h snhI' "I Nl"' SI'""lu- ~ -
n nam" on '!' n""NN u me '"'ioIi",'n,
g I" he cast III P'rN"I or ny MS Niu ,m
q, proxy. majority "l the votes cast >"'"
70 eir't, ,. -, en-,
4 ,, M :, ,aE i4..i,f ,, ,bis cnrr"r-
r Hlnldatloh OF ai>s",ull"n "l 'nis -,
10 anon. the s'"tNh"l"'rH SH"il 'ir,l W,
q. IlPuldators from among Ihe!T nuI -.,. n'
- meeting convened l"r lnat PuipVis,'
40 after hftern 'l"l DAYS written no'tGe
sent To each st"rkh"Id"r pE man 10 nIs
III last known address Shd iIIuIu"t",Io
he Shal nave tht authorl,E I" viii up ,n'
Il business ana aialrs OF thIS CoiP
~ SURVIVORS shail appoint Sto'Ahoiuei "'
M successor TO MIN - \,
10 ARTICLE VII This charter may he
w. modihed changed or aItrtu' OF S .ha
"a corporation may ne ulSsulN'u' WIN .ie
"A assent OF stockholders owning tWo-tnlt ,lS
no OF the entire CaPItaI S,''A at se1e t az
"a meeting Oh tle St.cAho at
lr- mat purpose alt'r hlteeh Nl'y u"s
en- written hotlce snail naNe petn CIV" ~,
en- tac . StochnonItI, n''iieu u N''' ~
X last SHOWN auuTtss' ,,, g.
In AhllSLE VII 20 u;ntin 81, , tDa
on stoch shail ever pe n nt 60
* contracts Iauts OF ueu's Vi s .i ~
pm Poratloh IN an! lurlner sun. s" an-r,r
ct unpaid balance II any uue inc Soipot
or alton on the STOCK Tor whlcn ne ma, ma,
10, supscrloeu nor Sh"ii "n! oon..no,s
OF ever be held liable Tor such contracts
-. a' faults or DEBTS In any further sum Una,
" the unpaid oalahce' II any on the SUI
ew owned by MN nor snali any piere IN ~
ae- iormaIi.y III orsani]atiun nav ave-, 'ne ~
Or or rendering this cnarter nun. OF ,sn
,elo derlrg any suoscrlpe! or SUI H1o aas
ms liable beyond the UNPAID amount any
an remaining que on ms stoJh' -o.to
ms NO sIockh0iuvr III tnIs ~, .Vi ~ ~,
in this corporation. or any part there e9
IAN ing to the other stockholaers. tnrous
tute the Board or directors AT ts then ooo
ppe value, VINO VIII nave tne hrst oPllon
ana purchase the same anu III .he es sht
pp" the ueatn OF stochnoiueI, tns ST.,
an hereby reserved TO tne remaihlng SUI
holders 10 purchase saiu s'ocA al i's INV
T. - book value
I'd ARTICLE IN. inns corpoIauon
,nca organized unuer the laws U. the Oh n
I'm or Loulsiaha' huh especMhy Az w
,ses OF lei4 ana tne suuscrIoers nsre'o' :,
ap- themselves ana sara corpo,atlon; a.
ling Tor IT'S o1neers, alrectors anu stockno !.
ers. hereby accept. as part or THIS chart
and as conditions or TINS corporate
100: all the rights powers, PrNeses a,
gelo iUmunities granted to corporations ri
Tan granted 10 ana conrer,ed upo" oineel
Ras- directors and stockholders or corpor
lions by said laws and SAID act; SUI
accentance being as full. complete NJ
,c. hinding as II said rIgnts. PoweIs. vi
'orr- ileges and 1mmunltles were set ior'h
Gov, Ihus Done ana pas S ~ n. n,H "o a1o,