The herald., 1922-03-02
CHARTER.

snEtl
above the fun age of maioritv ,Sed, Al
orally declared that. availinp a ~ seT.
! of the laws of the State az Iensells,
| and especially the laws rela,irHO disisha
| organization Of corporations, ,sa" u
cOvenanted ana agreed 10 bind ~. AsN
constitute themselves as We'll a, urn sM
other persons as may hereafta, a. sua
become associated with them. inn! oh o.
pOratiOn and body polite in Iaw q Coz
objects and purposes and upder .t LOT u,
cles, agreements and stipulations Is ait
ing. to-wit: fOlOE.
ARTICLE I. The name, style An, =.
of this corporation shah be ANFpS,ttls
BALTIC CHARTEEiNG AND SHIbSng,A
CO, INC, and under that name I. Ting
| have and enjoy al! tie rights adj" sal
and privileges granted by law ~ slasa
| atoms, and shall exist for the frH Olpoa
and period of ninety uiue years frn.. 'sis
day. 1t shall have power to spo M ua
sued; 70 make and use corpoT,, ana e
and the same to alter or break a, sa
are; to hold. receive lease pprrbs peas
and convey, as well as mortgage br, vi
ecate and pledge property, real n!p0'a
and mixed, corporal aud incornor-ee.SOl
name and appoint such uanays,S
tors. officers. agents and other ,sliN.
as its interest may require and ~ 9ea
and establish, as well rs alter and se
from time TO time. such by.laws eA
and regulations as may be neceSss,l u'e
eXpedicnt for the proper managems,, u.
government Of the affairs Of said co... aN
alton. 'O'pef
! ARTICLE II. The domIcile NJ M.
pOratiOn is hereby fixed In the w. w.
New Orleans, State of Louisiana ~
citations or other legal process sbaHS y
served upon the President or Vies'p...s
dent of said corporation; or. in rs rs
absence. upon its Secretary ~a
| ARTICLE Ill. The objects and =,
poses of this corporation and the n,i pt
of the business to he carried on H x
are hereby declared TO he: To do
eral shipping business; to act as ~
agents and brokers; TO buy. own NY
hire, charter, control, construct. buId =
pair and alter, maintain and ona.
boats ships, barges or any other w.,t
craft whatever; to carry and convey -.
sengers, goods, wares and mercb,,S
or other property or commodity M ~
corporation, or all others for pro6t s.1
TO charge and collect compensation H..
for: 10 act as agents and steyedorss 4.
ships and other water craft. or the or,
ers, mastegs, charterrrs or sub-chartsrs.
thereof; to load and unload ships or otS.
water craft, railroad cars. draws 49,
other vehicles for itself aud Others y.
profit, and to charge and collect comm,
satiOn therefor; To buy, sell. hire !.
transfer commodities of all kinS,
and 10 act as agents for the owns,
of merchandise of every deserptIs
TO act as custom brokers; 10 !,
gage in the insurance management srs
insurance agency business; with n.
rights and power to do any and all this,,
necessary or connected with or in N,
manner incidental or cOmplementsrx
the objects and purposes herein SET NJ
ARTICLE ". The capital stock q
this corporation is hereby fixed al q,
sum of Twenty-Five Thousand Dollar
(S25,OOOOO), TO be divided into and reS
resented by two hundred and fifty ~
shares, in the sum of One Hundred De.
lars $500 each; said stock shall be psn
for in cash.
The capital stock of this corporauV,
may be increased to the sum Of TD
Hundred and Fifty Thousand DOlan
(S250,O 900 00).
This corporation shall commence don,
business and be going concern at Ons
ARTICLE V. All the corporate power
of said corporation shall be exercised b
, a Board of Directors consisting Of nj
less than three and not more than ia
stockholders, majority of whom shil
, constitute a quorum for the transactol
of business. The Board of Directors sh,l
elect annually from their number Prs
ident, and may elect one or more Vic.
Presidents; they shall also elect I
, Treasurer and a Secretary, which IT,,
latter offices may be filled by one PEI.
son, and which person or persons net
not be a stakeholder in this corporatiol
The first Board of Directors shall cor.
sist of three stockholders, and shall b
composed Of William ii. Osborn. Wilhelm
Reimann and Hans Fevele, with william
5 ii. Osborn as President and Hans Fevaa
; as Secretary Treasurer.
The pOstoffice addresses of said dlree
tors are as follows:
} William III. Osborn, Hibernia Bank
: Building, New Orleans, La.
Wilhelm Reimann, % Whitehall Street
New York, n. Y.
{ Hans Feveile, ~ Whitehall Street NsE
; York, y. Y.
These directors and officers shall sers
: until the first Tuesday in February, E
or until their successors have been duly
: elected and qualified.
r The annual meeting of stoekholdsn
for the election of directors shall be bed
I on the first Tuesday in February, Of cad
: year, unless said day be a legal holldu
, | and then on the next bank day there
I after. Each subscriber hereto sets alta
his name his pOstoftice address and
9 statement of the number of shares
4 stock which he agrees TO take In the cor
= poration. At all elections every stool
\ holder shall be entitled TO one vote To-
! each share of stock standing in his mars
o on the books of the corporation, 10 Y
. cast in person or by his written preiE
!, A majority of the votes cast shall eei
4 ARTICLE vi. In the event Of the lqn
. dation or dissolution of this corporaliei
n the stockholders shall elect two hquef
tors from among their number at meet
q Ing convened for that purpose. after q
II days written notice sent to each sioti
holder by mail to his last known e
:. dress; said liquidators shall have 2,
= authority to wind up the business an
q affairs Of this corporation.
I. In case of death of either of said lqa
dators, the survivor shall appoint slec'
| IN
a ARTICLE VII. No stockholder In iha
= corporation can ever sell the stock csns
by him in this corporation, or any ~
- thereof. without first offering the ssn'
= in writing, to the other stockholes,n
= through the Board Of Directors y
), then book value, who will have tne "'
= option to purchase the same. !,
ARTICLE VIII. This charter may
:, modified, changed or altered, or ~ ~
~ corporation may be dissolved, wiz y
: assent of stockholders owning nu
, fourths of the entire capital stock, y
!. general meeting of the stockholders, ~ ~
vened for that purpose. after fifteen "
days written notice shall have been ~, \,
~ to each stakeholder, mailed TO him ~ -
~ last known address. ...s
~ ARTICLE TX. No subscriber for ~ ~
y shall ever be held liable for the eonlss :,
y faults or debts of said corporation N y
- further sum than the unpaid paansss q,
L any, due the corporation on the siovA =,
u which he has subscribed; nor saah -. :.
~ stakeholder ever be held liable 10. ~. ~
u contracts, faults or debts in any iu'1
'r sum than the unpaid balance, any =,
the stock owned by him; nor snsn Il, N
Is mere informality in organization na,s =
,r effect of rendering this charter nSa :
y rendering any subscriber or stoef ~ az
lie liable beyond the unpaid amount, Nv
y remaining due on his stock. 4. %
N ARTICLE y. This corporation - = (
y ganized under the laws Of the S's-
( Louisiana. and especially Act No. W \,
d 1914, and the subscribers hereto 4,
themselves and said corporation. AZ Ia.
$, its officers. directors and stecs .s., n