The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-23


(SeaD.
Feb. 23-Mch. so.
CHARTER OF RAJAH STEAMSHIP
COMPANY, INC.
United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans BE il known, that on this first day
Of the month of February, in the year or
our Lord one thousand, nine hundred ana
twenty two. and of the Independence of
the United States of America, the one nun
dred and forty-siXth; before me, Henry
+. Dart. Jr., a notary public, duly COM
missioned and qualified, in and for this
city and the Parish of Orleans, therein
nesses hereinafter named and undersigned,
personally came and appeared: the per
sons whose names are hereuntO subscribed.
who declared that, availing themselves OF
the provisions of the laws of the State,
relative to the organization of corpora
tionS. they have cOvenanted and agreed
| and do by these presents, covenant and
agree, bind, form and constitute them
selves, as well as such other persons who
may hereafter join or become associated
with them, into corporation and body
polite in law, for the objects and pur-
poses, and under the agreements and stip-
ulations following, to-wit:
| ARTICLE THE name and style of this
corporation shall be Rajah Steamship
| Company, Inc, and under this name it
| shall have and enjoy all the rights, ad-
vantages and privileges granted by law to
| corporations; it shall exist for a period
of ninety nine years; it shall have power
| to contract, sue and be sued in Its cor
pOrate name; to make and use corporate
| seal. and the same to break or alter at
pleasure; to hold, receive, purchase, con-
yey, mortgage, hypothecate. or pledge
| property both real and personal; to issue
| bonds. notes and other obligations; to
| purchase, acquire and own stocks, bonds
and securities in other corporations; to
i have and pmnlOV directors Of
| fcers, agents and other employees as the
| interests and cOnveniences of said cor
poration may require; and to make and
! establish such bylaws. rules and regula-
| tions for the corporate management and
| control of the affairs of said corporation,
as may be deemed necessary and ex-
| pedient
ARTICLE 1.-THE domicile of the said
Orleans. Parish of Orleans, State. of
| Louisiana. and citation and other legal
process shall be served on the president
and in his absence on the vice-president.
| in case of the death of the president of
this corporation or in the event Of his
inability to act as such, his duties and
functions shall devolve upon, and be full
filed by 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 1t are hereby declared
to be: To construct, purchase, charter
lease, hire, or otherwise acquire, and To
man. equip, maintain and operate, steam
ships, steamboats,. towboats, ferry boats
| sailing vessels, barges and other water
craft of whatever description for trans
portation and towage of freight and pas
| sengers for hire and to engage in gene
raj transportation business, upon and be
tween places on rivers, lakes, hays and
other waters and upon the high seas, &c
ports and places In foreign countries, and
to carry on a general express business In
connection with the operation Of said yes
sells; to construct. purchase, lease, hire oil
otherwise acquire warehouses, landing
places, canals, docks, wharves and Other
facilities and to improve navigation or
rivers, bayous and other waters, as thu
business of the company may require; tt
construct, hire, lease or otherwise acquire
and to operate dry docks and floatins
docks suitable for handling and repair
ing vessels. and to build and repair YES
sells of every description; to construct
purchase, hire, lease or otherwise acquire
and operate on land, omnibusses, automo
biles. trucks, teams and vehicles of every
nature and description for the transporta
ton of freight and passengers, to an'
: from the landing places of the vessels
, operated by said company, and such othei
points as the board of directors may from
time to time determine to be necessary fo
, the business of said company and gener
, ally to do and perform all things german.
! and incidental to, or usual in, the pusi
! ness and affairs hereinabove authorized
L lt-1ne Cdpltdl stOth VI tui
corporation is hereby fixed at the sum o
forty five thousand (S45. 00O.O0) dollars, di
vided into four hundred fifty shares or tn
par value of one hundred ($10O) dollar
r each, which shares shall be paid for II
5 cash or in the purchase or exchange o
{ property, and the said capital stock ma!
be increased to the sum Of one hundre'
twenty-five thousand dollars. All share
/ able. No transfer of stock shall be bind
= ing upon the corporation unless mad
J, upon its books and all certificates Of stool
b, shall be signed by such officers as ma.
I be designated by the board Of directors.
I All stock in this corporation shall b
= held upon a condition precedent and un
: der contract and agreement In the natur
of vested rights that all such stock Is s
. held and possessed subject to the rule
y and provisions for the transfer Of sam
: hereinafter set out, to-wit:
~ No sale or other transfer Of share
? Of stock In this corporation shall be vail
3 first afforded the shareholders Of recon
: at the date Of such transfer, sale or othe
alienation. to purchase such stocks q
e book value, plus twenty five per cent, tn
,, herein prescribed The right to acquir
u said stock hereby first vested In the othe
;, stockholders of record shall follow I'll
stock into any hands to which 1t may pas
s thereof within ninety days from the tim
! any sale or transfer has been offered
+ be entered on the books of the corpora
ton.
: 1t shall be the duty Of any holder q
I stock in this corporation who intends Q
L desires to SELL transfer, ALLEVIATE or othel
3 wise dispose Of the same to give ten day
= written notice of such intention or desir
y to the board Of directors of the corpors
!. ton, who are hereby constituted agent
!, of the other stockholders for the purpos
= of such notice. and said board of dire
= tors shall give immediate informatio
thereof, In writing. to all the other stoel
holders Of record Before the expiratio
: of the ten days from the receipt Of said nc
= tice by the board Of directors, any share
q holder of record. may offer to purchas
and may acquire the right to purchas
!. said stock by notifying the board Of d
rectors in writing and thereafter shall d.
= posit the price Of said stock in cash wit
q the corporation on or before the expiri
ton Of eighty days from the last mel
toned date.
. Upon the receipt Of the first mentione
notice, the board Of directors shall advis
; the person owning said stock, his agent {
| rpprespntatiye. 70 ioin with said board