The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER OF
SIPSEY BARGE AND TOWING

W. IN.
United States, Of America. State Of
Louisiana. Parish Of Orleans City OF
New Orleans. Be il known that on this
second day OF the month Of June. in the
year of our Lord. one thousand nine
dependence of the United States of Amer
lea. the one hundred and forty sixth.
before me-. Selim b. Lemle. a 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
70 me. Notary. in the presence Of the
two undersigned competent witnesses
that. desiring 20 avail themselves Of the
provisions of law Of the state Of Louis
lana relative 70 the formation Of corpOr-
ations. and especially the statute known
as the General Corporation Act Of 1914
and all amendments thereto. and 10 ac-
and powers Of n body corporate and
pelitic in law. they do hereby form them
selves into such 4 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 he Sipsey Barge
and Towing Co, Inc. and its duration
years from date.
ARTICLE II. The objects and pur-
poses for which this corporation is
formed are hereby declared to be: The
acquisition by purchase or otherwise
owning. chartering and operating Of
steamers and other vessels. tugs. barges
boats, lighters or other water craft. and
the purchase, owning and holding Of
stSkS 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:
ka
craft; 70 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
machines. deepen channels. and in con-
nection herewith filling up and reclaim
ing land; 10 carry on n general freight
and transportation business: to have A
commOA seal; to borrow money and con-
tract debts. and TO issue bonds. notes
and debentures. and any other obIiga-
tions, and to secure the payment Of fba
same or anv Indebtedness contracted by
mortgage. pledge. pawn or otherwise Of
It's 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 tho
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
in general to do and perform the things
herein enumerated. and such other acts
ana things in any part of the world. as
the Board OF Directors may deem to the
advantage Of the corporation. which a
natural person could do. and which arc
not inconsistent with law.
The foregoing enumeration Of snecffc
powers shall not be deemed to limit or
restrlct IN any manner the general pow
ers Of the corporation. and the enjoy
ment and exercise thereof as conferred
by the laws Of the state Of Louisiana
upon corporations organized under the
Act OF 1917 or the General Assembly OF
the state of Louisiana, or under any
laws amendatOry thereto which have or
may hereafter be passed.
ARTICLE III: The domiciIe Of this
corporation shall be in the city of New
Orleans, parish of Orleans state of Lon
isiana. and all citations and other legal
process shall be served upon the Presf-
his absence. upon the Vice-President. or.
in case of the absence Of both Of these
officers. upon the Secretary-Treasurer.
ARTICLE ". The capital stock OF
this corporation is hereby declared to
Dollars 1870, OOO.OO). which NAV he in
creased from time to time. in the man
ner provided bv law. to One Million Dol
lars C$1-OOOOOOOo). any part Of which in
crease may be preferred stock. as here
matter provided.
Said capital stock Of One Hundred and
Twenty Thousand Dollars Cs120 600 OO) Is
divided into twelve hundred 12OO) shares
OF One Hundred Dollars Cs1OO.OO) each.
which said common stock shall have
voting power of one On 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 |
ings of the stockholders and the afore- |
said proxy need not be a stakeholder OF |
the corporation. Said capital stock is 70 |
be paid for in the manner provided by !
law.