The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER.

for period Of ninety -nine t3"J year,
. from and after the date OF this act l.
may have hold. receive, borrow. loan,
. exchange, acquire by grant. gift or pur-
. chase. devise or bcqucst, sell alternate.
dispose of. convey, lease. pledge. pa" Il.
hyputhecate, cucumber or mortgage prop
erty of any kind whether real personal
or mixed. corporal or incorpUrea!, NOV
able or immOyable, all subject to such
limitations as may be prescribed by law.
IL may make, issue and endorse bonds or
notes and other evidences of debt IL
may accept mortgages, pledges or other
forms of security for money loaned ar
other debts. Ii may contract. sue and
be sued. plead or be imptradrd 10y its
corporate name in any court of competent
/ jurisdiction. 1t may make, adopt and
use corporate seal and alter or break
the same at pleasure. 1t may hold stock
in other corporations and its capital
Z stock may be issued for capital stock
of other corporations. II may name,
! appoint and employ such managers,
directors, officers, agents and other en-
pIoyeS as its interests. business and con.
I venienCe may require and may fix their
! compensation, having due regard to the
nature. character and value of their ser.
vices. II may make and establish by
/ laws. rules and regulations not incon-
| consistent with this charter or any exist
ing law, fixing or altering the manage
ment of its property. the regulation and
government of its affairs, and the man
ncr of the certification and registration
of its stock. 1t may wind mp and dis
solve itself, or be wound up and dissolved
. in the manner prescribed by law. II
may conduct business in this state. other
States. the Federal districts, the Terri |
tories and possessions of the United |
States and any foreign country. II shall |
have the power to invest its Board of |
Directors with all of its corporate pow |
ers, subject 10 such restrictions as may |
be named in this charter. And il gcner |
ally shall have and POSSESS all the /
powers. rights, privileges and immunties |
which corporations are and may here
after be authorized to have and possess |
under the Constitution and the laws of |
this State and particularly under Act |
No pa of the Acts of the General Assem- |
bly, of the State of Louisiana for the |
year 1914, and the amendments thereto.
ARTICLE ii. The domicilc of this |
corporation shall be the City of New
Orleans, Parish Of Orleans. and State of
Louisiana, and all citations or other legal
process shall be served upon the PreSi-
dent of this corporation; or. in case of
his absence, upon the Vice President: and
in the absence of both of these officers,
upon the Secretary Of this corporation.
ARTICLE Ill. The objects and pur.
poses for which this corporation is
formed and the nature of rhe business
10 be carried on by it are hereby de-
clared to be: To carry a general
shipping and forwarding business. in.
Guiding the receiving. handling, ship
ping, forwarding and Transporting either
by land, water or air, of all kinds of
goods, wares and merchandise and ali
or export; to act as freight broker and |
freight and forwarding agent for either
domestic or foreign shipments; TO buy |
and sell foreign exchange either as prin. |
cipal or as agent or broker for others | |
TO act as agent or broker in the business |
OF marine or other insurance and espe-
cially to act as agent or representative
OF owners or others having or claiming ,
to have any interest in merchandise YES
sells. cargOes, freight or any other subject I
OF insurance; and generally to carry on
any other business which under the law
IT may be entitled to carry on. which |
may seem to the corporation to be cal |
culated directly or indirectly TO effect
the aforesaid objects and purposes. or
either of them, or to facilitate the cor
pOration in the transaction of its afore.
SAID business or businesses, or any part /
thereof, or in the transaction of any other
lawful business that may be calculated
directly or indirectly to enhance the |
value of or to render profitable any of
the corporations property or rights and
generally to hold and exercise all such
Incidental powers and privileges. and to
me OBJECTS and purposes hereinaboye
SET forth. or as may be needful neces-
'ary, proper, useful or convenient for
affecting said objects and purposes or
either of them.
ARTICLE ". The authorized capital
tock OF this corporation is hereby fixed -
lt and declared to be the sum of Ten
Thousand Dollars (SlOOOO.OO), which can
tai stock may be increased in the manner |
provided by law to the sum of Twenty |
i've Thousand Dollars (S25, OOO.OO).
The presently authorized capital stock |
4 this corporation shall consist of one
hundred 1OOl shares of the par value
4 One Hundred Dollars (S1OOOO) each
shall be represented by certificates,
1hen issued, shall be isssed only for
lbor done or for property actually re-
elved or for cash to be paid at such |
INES ana In such amounts and after
ha
'oard of Directors, and shall be personal |
roperty. No transfer of said capital |
took shall be binding upon this corpor, |
ton unless made in accordance with ITS
harter ana bylaws, and recorded on the |
OOks thereof.
ARTICLE " An the corporate powers
TINS corporation shall be vested in !
nd exercised by a board of three (31
lrectors, each of whom shall hold in his -
"h name at least one ~ share of the =
.ock OF this corporation. Said Board of
directors shall be elected annually on
he first legal day of January of each |
ear, beginning with 1923. All such cleo i
ons shall be by ballot at the office of
ms corporation, under the supervision
TWO commissioners to be appointed by
ne Board of Directors; and in the
Dsence OF any commissioner, the Presi-
eht snail have the power to fill the place |
appointment. OF all such elections. :
wen as OF all meetings of stockholders =
lcept for the purpose of liquidation or
ssolution, or as otherwise required by
w, hfteen days notice shall be given | ,
mailing to each stakeholder who
Dpears as such on the books of this III
'rporation at his last designated ad- III
ress, or care of general delivery at New |
rleans II he has not designated an adj III
.esS' notice stating the time and place
the meeting. Each shareholder shall
entitled to one vote for each share of ;
ock standing in his name on the books |
TINS corporation, to be cast in person |
Dy proxy, and a majority of the votes I G
ISL shall elect. Failure to elect direc- | ,
RS on the day above specified shall not | |
ssolve this corporation, but the direc- | I
RS then in office shall remain in office
ltli their successors are elected and
lalihed. Due notice of another election
ali forthwith be given as above pro-
ded Tor, and such notices of election |
All be continued to be given until an
ection is had.
ARTICLE VI. AT Its FIRST meeting
oh Board of Directors shall elect from
membership a President and Treas
er and Vice-President; it shall also
point Secretary, who need not but
ay be either stakeholder or director |
i'd shall from time to time, as it sees
, appoint or employ such other en-
Dyes as 1t shall deem necessary. The
'ard OF Directors shall have full power
ID authority to fix the salaries of all
heers and of all such other employees
IL may deem necessary, and make and -
taDnsh, as well as to alter and amend cor
bylaws, rules and regulations neces. ere
ry and proper for the conduct and sol
of ha hus |