The herald., 1922-07-06
CHARTER OF
SIPSEY BARGE AND TOWING
CO.. INC.

CO.. INC.
United States OF America, State o.
Louisiana. Parish OF Orleans. City o.
New Orleans. Be it known that on thi,
! second day Of the month OF June. in tn,
year of our Lord, one thousand min,
hundred and twenty two, and Of the in
dependence of the United States OF Amer
lea; the one hundred and forty sixth
before me. Selim b. 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 APP
hereto subscribed. who severally declared
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-
as the General Corporation Act of 1914
and all amendments thereto. and to ac-
quire and enjoy the rights. privileges
and powers of a body corporate and
selves into such corporation and 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 (9o)
years from date
ARTICLE II, The objects and pur-
poses for which this corporation is
formed are hereby declared to be: The
acquisition by purchase or otherwise
owning. chartering and operating of
steamers and other vessels. tugs, barges.
boats, lighters or other water craft. and
sticks. bonds and other securities OF
corporations of this and other states and
countr1es; to purchase or otherwise ac-
quire coal. coke and other merchandise.
md Iii
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
tors, wharves and landings; to load and
unload vessels and perform other steve
doring work; to dredge with tugs or
macnlnes; deepen channels. and in con-
nection herewith filling up and reclaim
ing land; to carry on general freight
and transportation business; to have
common seal; to borrow money and con-
tract debts. and to issue bonds. notes
tons. and to secure the payment of the
same, or any Indebtedness contracted by
mortgage, pledge. pawn or otherwise. Of
t to properly real personal and mixed
10 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-
or the purposes herein provided for: and
IN general to do and perform the things
herein enumerated and such other acts
ana things in any part Of the world. as
the Board or Directors NAV deem to the
adyantage Of the corporation. which a
natural person could do. and which are
not inconsistent with law.
The foregoing enumeration Of speciic
powers shall not be deemed to limit or
restrict In any manner the general pow
ers OF the corporation. and the enioy-
Inent and exercise thereof as conferred
Dy the laws Of the state Of Louisiana
upon corporations organized under the
Act Of 1914. or the General Assembly OF
ne state of Louisiana, or under any
avs amendatory thereto which have or
may hereafter be passed.
ARTICLE III. The domiciIe Of this
orleans. parish Of Orleans, state of Lou
slana, and all citations and other legal
process shall be served upon the Presi-
, len or this corporation: or. in case OF
n case OF the absence Of both of these
'fncers. upon the Secretary Treasurer.
ARTICLE ~. The capital stock of
ms corporation is hereby declared to
1e One Hn 1n red ~, and Twenty Thousand
reased from time to time. in the man
Ter provided by law. to One Million Dol |
ars tsIOOO.OoOOO). any part Of which In
natter provided.
Said caDital stock OF One Hundred and |
I,wenty Thousand Dollars (s12O 900 OO) is |
iv1ded into twelve hundred (12OO shares |
= One Hundred Dollars ($1OO.OO) each. |
Vhich said common stock shall have a |
citing power Of one "a vote for each
hare Of stock. which vote NAV be cast
y the stakeholder in person or by |
roxy, at all general elections or meet
ngs OF the stockholders, and the afore-
aid proxy need not be a stockholder Of
he corporation. Said capital stock Is TO
e paid for In the manner provided BY