The herald., 1922-02-16
CHARTER.

ance with law and this charter, il shall
exist and continue, and shall have and
| enjoy corporate existence and succession
for period of ninety nine (yy) years
from and after the date of this act. 1t
may have, hold, receive, borrow, loan,
exchange, acquire by grant. gift or pur-
chase, devise or bequest, sell, ALLEVIATE,
dispose of, convey, lease, pledge. pawn.
! hypOthecate, cucumber or mortgage prop
erty of any kind, whether real, personal
or mixed, corporal or incorpOreal NOV
! able or immOvable, all subject to such
| limitations as may be prescribed by law.
| Ii may make, issue and endorse bonds or
| notes and other evidences Of debt. 1t
| may accept mortgages, pledges or other
/ forms of security for money loaned or
other debts. 1t may contract, sue and
| be sued, plead or be impIeaded by its
corporate name in any court of competent
| jurisdiction. 1t may make. adopt and
] use a corporate seal and alter or break
the same at :leasure. 1t may hold stock
! in other corporations, and its capital
stock may be issued for capital stock
! of other corporations. 1t may name
! appoint and employ such managers,
directors, officers, agents and other en-
| plOyes as its interests, business and con
venience may require, and may fix their
compensation. having due regard to the
nature, character and value of their ser
vices. 1t 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 certitcation and registration
Of its stock. 1t may wind up and dis
solve itself or be wound up and dissolved
in the manner prescribed by law. IL
may conduct business in this State. other
States, the Federal districts, the Terri
tories and possessions of the United
States, and any foreign country. IL shall
have the power to invest its Board of
al nf ifs IN
erS. subject to such restrictions as may
be named in this charter. And il gener-
ally shall have and possess all the
powers, rights, privileges and immunities
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 261 of the Acts Of the General Assem-
bly, of the State OF Louisiana for the
year 1914, and the amendments thereto.
ARTICLE H. The domicile 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 Nice-President; and
in the absence of both of these officers.
upon the Secretary of this corporation.
ARTICLE III. The objects and pur.
poses for which this corporation is
formed and the nature of the business
to be carried on by it are hereby de-
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 all
classes of freight either domestic. import
or export; to act as freight broker aud
freight and forwarding agent for either
domestic or foreign shipments: to buy
and sell foreign exchange. either as prin
eipal or as agent or broker for others
to act ms 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
Of Insurance.; and generally to carry on
any other business which under the law
il may be entitled to carry on whlch
NAV 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
do and perform all things as relate to
the objects and purposes hereinabove
set forth, or as may be needful. neces-
effecting said objects and purposes, or
either of them.
ARTICLE ". The authorized capital
stock of this corporation is hereby fixed
Thousand Dollars (slO,OO0OO). which cap
ital stock may be increased In the manner
provided by law to the sum of Twenty
five Thousand Dollars ($25,OO0.O0).
The presently authorized capital stock
Of this corporation shall consist Of one
hundred (1OO) shares of the par value
Of One Hundred Dollars ($10O.OO each
il shall be represented by certificates.
when issued. shall be issued only for
labor done or for property actually re-
ceived. or for cash to be paid at such |
times and in such amounts and after |
Board Of Directors, and shall be personal
property. No transfer Of said capital
stock shall be binding upon this corpor
alton unless made in accordance with its
charter and bylaws, and recorded on the
books thereof.
of this corporation shall be vested In |
and exercised by a board of three 80 |
directors, each of whom shall hold in his |
own name at least one ~ share Of the
Directors shall be elected annually on
the first legal day Of January Of each |
year, beginning with 1923. All such cleo
tions shall be by ballot at the office Of
of two commissioners to be appointed by
the Board of Directors; and in the
absence of any commissioner, the Presi-
dent shall have the power to fill the place
by appointment. OF all such elections,
as well as of all meetings of stockholders,
except for the purpose Of liquidation or
dissolution, or as otherwise required by
law, fifteen days notice shall be given |.
by mailing to each stakeholder who
appears as such on the books of this
at his last designated ad-
dress, or care Of general delivery at New
Orleans IL he has not designated an ad-
dress, a notice stating the time and place
Of the meeting. Each shareholder shall
stock standing in his name on the books
of this corporation, to be cast in person
or by proxy, and a majority Of the votes
cast shall elect. Failure to elect direc-
tors on the day above specified shall not
dissolve this corporation, but the direc-
tors then in office shall remain in office
until their successors are elected and
qualified. Due notice of another election
shall forthwith be given as above pro-
vided for, and such notices Of election
shall be continued to be given until an
election Is had.
ARTICLE VI. hr Its nrst meeting
its membership a President and Treas
urer and a Vice President; II shall also
appoint a Secretary, who need not, but
may be either stakeholder or director,
and shall from time to time. as 1t sees
fit appoint or employ such other en-
ployes as IL shall deem necessary. The
Board OF Directors shall have full power
and authority to fix the salaries Of all
officers and Of all such other employees