The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.

exist and continue. and shall have and
enjoy corporate existence and succession
for a period of ninety nine t09) years
from and after the date of this act. IL
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
eTty OF any kind, whether real, personal
or mixed, corporal or iEcorporeal, NOV
able or immOvable, all subject TO such
limitations as may be prescribed by law.
IL 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 It's
corporate name in any court OF competent
jurisdiction. 1t may make, adopt ana
use Il corporate seal, and alter or break
the same ut PLEASURE. 1t may hold STOCK
in other corporations, and its capital
stock may be issued for capital stock
Of other corporations. IL may name
appoint and employ such managers
directors. officers, agents ana other en-
plOyeS as its interests, business ana con
venience may require, and may NIX their
compensation. having due regard to the
nature, character and value OF their ser
vices. Ii may make and establish by
laws rules and regulations not lncOn-
consistent with this charter or any exist
ing law. fixing or altering the manage
ment of its property. the regulation ana
government of its affairs, and the man
ncr of the certihcation 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. 1t shall
have the power to invest its Board OF
Directors with all of its corporate pow
ers, subject to such restrictions as may
be named in this charter. And it gener-
ally shall have and possess all the
powers. rights, privileges and immunitles
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 2G7 of the Acts of the General Assem-
bly, of the State of Louisiana for the
year 1914, and the amendments thereto.
ARTICLE ii. 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 Ill. The objects and pur
poses for which this corporation is
formed and the nature of The business
clared to be: To carry on general
! 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 al
classes of freight, either domestic. import
or export: to act as freight broker ana
| freight and forwarding agent for either
domestic or foreign shipments; to buy
and sell foreign exchange. either as prin-
cipal or as agent or broker for others :
! to act rs 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 he entitled to carry on whlch
| NAV seem to the corporation to be cal
| culated directly or indirectly TO eHect
| the aforesaid objects ana purposes OF
| either OF them, or to facilitate the cor
| noratiOn I'm the transaction or It's aiore-
| 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
! yalue Of or to render profitable any oil
! the cornoration's property or rights, and
| generally to hold and exercise all such
incidental powers and privileges, ana 10
do and perform all things as relate 10
the objects and purposes herefhanoNt
set forth or as may be needful, neces-
sary, proper, useful or convenient fol-
efrecting said objects and purposes, oil
| either of them.
ARTICLE ". The authorized capita
stock of this corporation is hereby h1ee
AT and declared to be the sum OF Tel
Thousand Dollars (S10,OOOOO), which cap
itaI stock may be increased in the manner
provided by law to the sum OF twenty
five Thousand Dollars S25,OOOOO).
The presently authorized capital stoci
of this corporation shall consist OF ont
hundred (lOO) shares of the par value
Of One Hundred Dollars (s1oOOO) each
il shall be represented by certificates
shall be full paid and non assessabi
when issued shall be issued only 70
labor done or for property actually re
ceiyed. or for cash to be paid at suci
times and in such amounts and afte
such notice as may be determined by I'M
property. No transfer OF said capita
stock shall be binding upon this corpor
alton unless made in accordance with ~
charter and bylaws, and recorded on IN
books thereof.
ARTICLE 4. An the corporate power
of this corporation shall be vested u
; and exercised by a board OF three "
directors, each of whom shall hoid IN M
own name at least one (D share or tn
stock of this corporation. Said Board
, Directors shall be elected annually Of
the first legal day of January OF eacl
year, beginning with 1923. All such cleo
, lions shall be by ballot at the Once 0
this corporation, under the supervisor
I of two commissioners to be appointed b.
the Board of Directors; and In Tn
absence of any commissioner, the Presi
dent shall have the power to I'LL the plac
by appointment. OF all such elections
, as well as Of all meetings of stockholders
; except for the purpose of liquidation o
dissolution, or as otherwise required b.
, law, fifteen days notice shall be give
by mailing to each stakeholder VIII
appears as such on the books Of thi
corporation at his last designated al
dress or care of general delivery at Ney
Orleans IL he has not designated an az
dress a notice stating the time ana plac
of the meeting. Each shareholder shal
be entitled to one vote for each snare o
e stock standing in his name on the book
of this corporation, to be cast In perso
, or by proxy, and a majority Of the vote
cast shall elect. Failure to elect diret
: tors on the day above specified shall no
dissolve this corporation, but the direc
: tors then in office shall remain In ofnc
$ until their successors are elected an
;, qualified. Due notice Of another electio
shall forthwith be given as above pre-
k vided for, and such notices of electo
shall be continued to be given until a
election is had.
ARTICLE VI. NJ Its nrst meetin
each Board of Directors shall elect frol
its membership a President and Urea
urer and a vice-President; 1t shall ais
t appoint Secretary, who need not, bt
J. may be either stakeholder or d1recto
d and shall from time to time, as 1t SEE
: fit, appoint or employ such other en-
y ployes as 1t shall deem necessary. III
o Board of Directors shall have full pow'
officers and of all such other employ
os a. nav doom necessary and make an