The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER OF OAXACA STEAMSHIP
COMPANY. INC.

COMPANY. INC.
United States OF America. State of Louis
lana. Parish of Orleans. city of New or
leans, BE it known, that on this sixteenth
day of the month of February. in the year
of our Lord, one thousand, nine hundred
and twenty two. and of the independents,
of the United States of America, the one
hundred and forty sixth: Before me
Henry II. Dart, Jr., notary public duly
COMM SSiOned and qualified. in and fOI
this city and the Parish of Orleans. there
in residing, and in the presence of the Wit
nesSes hereinafter named and under,
signed. personally came and appeared the
| persons whose names are hereuntO sub
scribed. who declared that availing them
selves of the provisions of the laws of the
State. relative to the organization of cor
porationS, they have cOvenanted and
agreed and do by these presents covenant
and agree, bind, form and constitute
| themselves, as well as such other persons
who may hereafter join or become assO-
ciated with them, into corporation and
body polite in law, for the objects and
purposes, and under the agreements and
stipulations following, to-wit:
| ARTICLE THE name and style of
| this corporation shall be Oaxaca Steam
ship Company, Inc, and under this name
| II shall have and enjoy all the rights, ad-
vantages and privileges granted by law
| to corporations; it shall exist for a period
| or ninety mine years, IL shall have power
to contract, sue and be sued in its cor
SEAL and the same to break or alter at
pleasure; to hold. receive, purchase, con
Vey, mortgage, hypOthecate, or pledge
property both real and personal; to issue
bonds, notes and other obligations: to
purchase. acquire and own stocks bonds
and securities in other corporations: to
have and employ managers directors
officers, agents and other employees. as
the interests and convenience of said cor
pOratiOn may require; and to make and
establish such bylaws, rules and regu-
lations for the corporate management and
control of the affairs of said corporation.
as may be deemed necessary and expe-
dent.
ARTICLE 1.-THE dOmicile Of the said
corporation shall be in the City of New
Orleans, Parish of Orleans. State of
louisiana; and citation and other legal
process shall be served on the president
and in his absence on the vice president
in case of the death of the president of
ms corporation or in the event of his in
ability to act as such. his duties and func-
tions shall devOlve upon, and be fulfilled
by the vice-president.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business to
be carried on by it are hereby declared
lease, hire, or otherwise acquire, and to
man. equip, maintain and operate steam
ships. steamboats,, towbOats, ferry boats,
sailing vessels, barges and other wafer
craft OF whatever description for trans
portatiOn and tOwage of freight and pas
sengers for hire and to engage in a gen |
eral transportation business. upon and be- |
tween places rivers, lakes, BAYS and
other waters and upon the high seas, to |
ports and places in foreign countries and |
carry on general express business in |
with the operation of said yes |
sells; TO construct purchase, lease hire or |
otherwise acquire warehouses landing
places, canals, docks wharves and other
facilities and to improve navigation on |
rivers, bayous and other waters, as the
business of the company may require; to |
construct, hire, lease or 9th "rwise acquire
ana to operate dry docks sand floating
docks, suitable for handIifA; and reDair-
ing vessels. and to build AID repair yes
sells of every description: sto construct.
purchase, hire, lease or otherwise acquire
and operate on land, omnibusses autOmo-
Dlles, trucks, teams and vehicles of every
nature and description for the transpor- L
.atiOn of freight and passengers, to and |
from the landing places of the vessels
operated by said company. and such other
points as the board of directors may from
lime to time determine TO be necessary
for the business of said company and
generally to do and perform all things
sermaine and incident to. or usual in
he business and affairs hereinaboye au-
horned.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
i've thousand (S5,OO0OO) dollars, divided :
nto fifty 500 shares of the par value of
me hundred (SlO0.OO) dollars each. which
shares shall be paid for in cash, or in I
ne purchase or exchange of property, and
he said capital stock may be increased
o the sum of one hundred and twenty !
i've thousand (S125, OOO.OO) dollars. All /
hares of stock shall be full paid and non
ssessaDle. NO transfer of stock shall be G
lndlng upon the corporation, unless made $
pom its books and all certificates of stock !
hall be signed by such officers as may a
e designated By the board of directors. III
in hall hsl l.
ED upon condition precedent, and I'M a
er contract and agreement in the nature
vested rights that all such stock is SO
ED and possessed subject to the rules
nd provisions for the transfer of same 7
ereinafter set out, towit:
O No sale or other transfer of shares
I stock in this corporation shall be valid
ntll and unless the opportunity has been
rSt Afforded the shareholders of record .
the date or such transfer, sale or other {
lienation, to purchase such stocks at p
ook value, plus twenty-five per cent. the o
alue to be ascertained in the manner q
erein prescribed. The right to acquire
III stock hereby first vested in the other
-ockholders of record shall follow the j
ock into any hands to which it may pass
10 may be exercised against the holders
lereof within ninety days from the time
ny sale or transfer has been offered to be
ltered on the books of the corporation.
1t shall be the duty Of any holder OF
ock IN this corporation who intends or
,sires to sell, transfer, ALLEVIATE or other
Use dispose of the same to give ten
lyS written notice of such intention or
sire to the board of directors Of the cor
who are hereby constituted
cents of the other stockholders for the
lrpose OF such notice, and said board
directors shall give immediate inform
ion thereof, in writing, to all the other
ockholders of record. Before the ex-
ration OF the ten days from the receipt
said notice by the board of directors,
ly shareholder of record, may offer to
lrchase, and may acquire the right to
irchase, said stock by notifying the
ard of directors in writing and there
ter shall deposit the price Of said stock
cash with the corporation on or before
e expiration of eighty days from the -
st mentioned date. -
Upon the receipt of the first mentioned |
tice, the board Of directors shall ad-
Sc the person owning said stock his |
ent or representative, to join with said |
ard in giving the value of said stock |
lich value shall be established on the
sis of the last annual or semi-annuall |
tement or report Of the corporation and |
2 last monthly trial balance preceding
2 date Of such notice, and the value
rs found and established shall consti-
e the bOOk-value of said stock.
Z within twenty -four hours after such |
tice to the owner, his agent or repre-
ltative, does not join with the board in
ablishing the price or value OF the
ok, the board may proceed without / Y
ther delay to fix the said value, US | S