The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-15
CHARTER OF
SIPSEY BARGE AND TOWING
June 15-July 20
CO., INC

w.,
United States Of America. State Of
Louisiana. Parish Of Orleans, City OF
New Orleans. BE it known that on this
| second day of the month OF June, in the
year OF our Lord. one Thousand nine
hundred and twenty-five and of the in
dependence of the United States of Amer
| lea the one hundred and forty sixth
before me-. Selim Il. 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 ap-
hereto subscribed. who severally declared
to me. Notary. in the presence OF the
two undersigned competent witnesses,
that, desiring to avail themselves OF the
lana relative to the formation of corpOr-
atoms. and especially the statute known
as the General Corporation Act of 1914
and all amendments thereto, and to ac-
and powers Of body corporate and
polite in law. they do hereby form them
selves into such corporation ana 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 be Sipsey Barge
and Towing Co. Inc. and its duration
shall be for term Of ninety-nine (99)
years from date.
poses for which this corporation rs
formed are hereby declared to be: The
acquisition by purchase or otherwise
owning. chartertHg and operating OF
boats, lighters or other water craft, and
the purchase. owning and holding OF
| sticks 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
| to tow ships. barges and other water
| craft; to assist. salvage and otherwise
serve stranded or disabled vessels or
| other water craft and their cargoes; ia
| 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: to carry on general freight
and transportation business; to have a
common seal; to borrow money and con
| tract debts. and to issue bonds. notes
and debentures and any other obllga-
tions, and to secure the payment OF the
same. or anv Indebtedness contracted by
mortgage. pledge. pawn or otherwise. OF
its property, real. personal and mixed
! to own real estate. and to buy ana sci
same; to improve and dispose or tht
/ real personal and mixed property OF tho
| company: to acquire by purchase OF
lease any and all machinery and neces
| sary apparatus to carry ont any or al
| PURPOSES
| In general to do and perform the things
| herein enumerated. and such other acts
and things in any part of the world, rs
| the Board Of Directors NAV deem 10 the
| advantage OF the corporation, which
natural person co1ld do. and which are
not inconsistent with law.
| The foregoing enumeration or speclno
/ powers shall not he deemed to limit OIL
| restrict 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 or Louisiana
upon corporations organized under th'
| provisions Of the General Corporation
| Act OF 1914 or the General Assembly OF
| the state Of Louisiana, or under any
laws amendatorv thereto which have OF
may hereafter be passed
ARTICLE III. The domicile Of this
CORPORATION shall be in the city of New
| Orleans. parish of Orleans. state Of Lou,
isiana. and all citations and other legal
| process shall he served upon the Presi.
dent Of this corporation. or: in case OF
| 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 70
he One Hundred and Twenty Thousand
| Dollars (S120 100000. which NAV be in
creased from time TO time. In the man
ner provided nv law. TO One Million Dol
lars $1,000, OO0.0O). any part OF which in
crease may he preferred stock. as here
| tnH1ter PROVIDED. ,
| Said canital stock Of One Hundred and
| Twenty Thousand Dollars Cs12O 0OO.OO) Is
divided into twelve hundred 02OOl shares
| Of One Hundred Dollars (S1O000) each
which said common stock shall have Z
voting mower of one az vote for eacf
share OF stock. which vote NAV be cas-
| 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 o
! the corporation. Said capital stock Is t.
he paid for in the manner provided by
] law.
| In the event Of an increase Of the can
ital stock Of this corporation as hereir
provided. Il shall be first offered TO tn
stockholders Of the company in proper
ton to their ownership Of stock, a