The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER OF
SIPSEY BARGE AND TOWING
June 15-July 20
CO., INC.


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
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
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
to me. Notary. in the presence Of the
two undersigned competent witnesses,
that. desiring to avail themselves Of the
provisions of law of the state Of Louis
lana relative to the formation Of corpor-
ations, 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
petite in law. they do hereby form them
selves into such n corporation and body
polite under the name and style and for
specially set forth.
ARTICLE I. The name and title of
this corporation shall he Sipsey Barge
and Towing Co.. Inc. and its duration
shall he for term OF ninety-nine (99)
years from date.
ARTICLE H. The objects and pur-
poses for which this corporation il
formed are hereby declared to be: The
acquisition by purchase or otherwise
owning. chartering 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: 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; to carry on a general freight
common seal; to borrow money and con-
tract debts, and to issue bonds. notes
and debentures. and any other obliga-
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 and sell
same; to improve and dispose of the
real. personal and mixed property OF the
company; to acquire by purchase or
lease any and all machinery and neces-
sary apparatus to carry ont any or all
in general to do and perform the things
herein enumerated. and such other acts
and things in any part of the world. as
the Board of Directors may deem to the
natural person could do. and which are
not inconsistent with law.
The foregoing enumeration of specific
powers shall not be deemed to limit or
restrict IN any manner the general pow
ers Of the corporation. and the enioy-
malt
by the laws of the state OF Louisiana
upon corporations organized under the
provisions Of the General Corporation
Act OF 1914. 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 domicile OF this
corporation shall be in the city of New
orleans parish Of Orleans. state of Lou
lsiana, and all citations and other legal
process shall be served upon the Presi-
dent OF this corporation. or. in case of
his absence. upon the Vice President. or.
ofhcers. upon the Secretary Treasurer.
ARTICLE ". The capital stock OF
his corporation is hereby declared to
be One Hundred and Twenty Thousand
Dollars (s12o,0O0.O0), which may be in
from time to time, in the man
ner provided by law. to One Million Dol
lars S1,OOOOo0o0). any part of which in
crease may be preferred stock as here
matter provided.
Said canital stock Of One Hundred and
Twenty Thousand Dollars 1920 OOOO 0) Is
divided into twelve hundred (12OO) shares
or One Hundred Dollars (s1O0.0O) each
which said common stock shall have a
voting power of one az vote for each
share OF stock. which vote may 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 stakeholder Of
the corporation. Said capital stock is to
be paid for In the manner provided by