The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29
CHARTER.

NlNfN. NVIOrp IlP, N
tary public, duly commissioned and quail
fed in and for the Parish of Orleans.
State of Louisiana, therein residing ana
in the presence of the witnesses herelhii-
ter named and undersigned, PersoIiaiy
came and appeared the several persons
whose names are hrreuntO subscribed
who declared that awaiting themselves
of the laws of this State relative 10 the
organization OF corporations the! nav
covenanted aud agreed, and do by these
presents covenant, agree, bind, form ana
constitute themselves. as well as such
persons as may hereafter join or become
associated with them. into corporation
or body polite in law, for the objects ana
purposes and under the agreements ana
stipulations following, to-wn:
| ARTICLE 1.-The name and title of this
corporation shall be Lake Fisher Navlga-
ton Co Inc and under its corporate
name il shall enjoy succession for the full
term and period of ninety nine years from
and after the date hereof, and shall nave
power and authority to contract, sue ana
be sued to accept and receive mortgages.
pledges or other approximations; TO make
and use Il corporate seal and the same
to break and alter at pleasure; To Pur-
chase, receive, lease, hold or otherwise ac-
quire and convey, as well as mortgage
and hypOthecate under its corporate name
property both real, personal and mixed :
to borrow money ana make anu issue
bonds and other evidences OF DEBT ana 10
secure the same by mortgage and other
wise: to subscribe to and hold stock in
other corporations; to acquire, hold ana
reissue shares of its capital STOCK; 10
carry out all of the objects and purposes
hereinafter set out; to name and appoint
such managers and directors. officers and
agents. as the interest and convenience
of said corporation may require; ana 10
make and establish, as well as alter ana
amend at pleasure such bylaws, rules and
regulations for the management and regu-
alton of the affairs of the corporation as
may be necessary, proper or convenient ;
and generally to do all such acts and
things as trading corporations are author
lied to do under the laws of the State of
Louisiana.
ARTICLE 1.-THE dOmicile of this cor
pOration shall be in the Parish of Orleans.
State of Louisiana, and all citations or
other legal process shall be served upon
the president of the company, or, i'll his
absence. upon 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 il are hereby declared to
be: To own control and acquire by lease,
| purchase, construction or otherwise,
| steamships barges and vessels of all
kinds. or interests therein; and to operate
the same: to engage in commerce and
navigation upon all oceans. seas, lakes.
| bays. harbOrs and navigable waters gen
orally in any part of the world; to char
| ter to or from others all manner of boats,
ships. vessels and water craft: to engage
| freight, mails, property, and passengers
| by water; to carry all any of the
| business OF ship brokers. management of
| shipping property, freight contractors,
| ightermen, forwarding agents, warehouse
| men and /Or wharfingers: to purchase.
! own lease, construct. control and operate
| docks. wharves. warehouses, dry docks,
| dock machinery, appliances and other APP
| paratus, works or cOnyeniences; to do a
general ship building. stevedore dock
| age, warehouse and commission business
| to purchase, use, develop. improve and
! dispose of real and personal property. in
| Guiding stocks, bonds and obligations of
other individuals, firms or corporations
| TO exchange Its entire capital stock. or
! any part thereof for property which ii is
authorized to acquire; to exchange its
/ entire assets and business, or any part
| thereof. for property, stocks, bonds. or
/ other obligations of other companies
| firms or individuals, and generally to do
! all acts and things necessary. convenient
| or appropriate to the accomplishment OF
any OF said purposes or germane thereto
ARTICLE IV-The presently authorized
capital stock of this corporation is here
/ by fixed at the sum of five thousand ($j.-
| OO0OOl dollars. divided into and repre-
sented by fifty 500 shares of the par
value of one hundred (S1O0OO) dollars pei
share. The amount of said stock may be
increased to one million $1,000. OOOOO)
dollars.
ARTICLE y-An the powers of this
corporation shall be vested in a board
composed of not less than three nor more
than seven directors The precise number
! OF directors within said limits shall be
fixed by the stockholders at the annua
meeting called for that purpose, provided
| that in the interval between stockholders
meetings the board itself may elect ad
ditionai directors within the maximum
limit above provided. If the stockholders
snail not have elected the same. 4 ma.
jority of the board shall constitute .
quorum. Said board of directors shall
| be elected annually at the stockholders
meeting to be held annually at the offic,
of the corporation on the third Tuesda,
in June of each year Tor on the next lega
day If that be holiday after motto,
given to each stakeholder by mail n
least fifteen days before the date of tn,
meeting, addressed to the last designated
address of the stakeholder. or if he ha.
designated no address, to the General De
| livery at New Orleans. Special meeting,
of the stockholders may be called by tn,
board ut any time and notice thereof shall
ne given in the manner provided for an
nual meetings; provided that in all case,
all notice may be waived by unanimou.
consent. Each shareholder shall be en-
| titled to one vote for each share of stocI
standing in his name on the books of tn,
corporation, said vote to be cast in per
son or by proxy and a majority of tn,
votes cast shall elect. Failure to elect di
| rectors on the day above specified shall
not dissolve the corporation but the di
rectors then in Office shall remain in offic,
suCCtsSOTS are elected. III,
board of directors shall have power I,
nil all vacancies which may occur or il
any manner arise or be created on tn,
board. even though no quorum remain a
the time such vacancies are to be filled
| The board shall elect from their number
president and one or more vice-presi
dents. The board shall also elect a sec
Rotary and a treasurer, who may be tn,
| same individual and need not be mem
bers OF the board or stockholders; an,
the board is expressly authorized from
time to time to dispense with any of sale
Officers and /or combine and /or separat
any of them, and /or elect any other sucl
officers as the board may think proper o.
convenient to the carrying on of the com
pany's business, and to porvide that sal,
oHlcers need not be members of the bOart
| OF stockholders; and the board shall ii,
the salaries of the officers, agents an,
employees. AT any meeting of the boarC
of directors, any director absent from tn,
meeting may be represented by any Othe
director who may cast the vote of the alb
sent director according to the written in
structions, either general or special o
said absent director. The board of direc
tors shall have authority to make and es
tab!ish, as well as alter and amend, al
bylaws, rules and regulations necessar.
and proper for the support and manage
| ment of the business and affairs of thi
corporation and not inconsistent will
/ this charter; and they shall have pOwe
to authorize the borrowing of money an,
the issuance of notes and the execution
OF pledges and mortgages, and general,
TO do all things necessary or cOnvenien
Tor the proper carrying on of the bust
ness of the corporation.
Until a general meeting of the stock
planfinn IN h<a hal.