The herald., 1922-06-29
CHARTER OF
SIPSEY BARGE AND TOWING
CO., IN.

CO., INC.
United States of America. state Of
New Orleans. Be it known that on this
second day Of the month of June, in the
year OF our Lord, one thousand nine
hundred and twenty-five, and OF the In
lea. the one hundred and forty sixth.
before me- Selim B. Lemle, 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 ap-
peared the parties whose names are
hereto subscribed. who severally declared
to me. Notary, in the presence OF the
two undersigned competent witnesses.
that. desiring to avail themselves of the
lana relative to the formation of corDor-
atiOns and especially the statute known
as the General Corporation Act of 1914,
and all amendments thereto. and to ac-
and powers of body corporate and
| pelitic in law. they do hereby form them
selves into such n corporation and body
polite under the name and style and :. for r
| 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
steamers and other vessels. tugs, barges:
boats, lighters or other water craft and
the purchase, owning and holding OF
corporations of this and other states and
countries; to purchase or otherwise ac-
quire coal, coke and other merchandise
and to ship. transport and sell the same
H. NNI tAr
craft; to assist, salvage and otherwise
serve stranded or disabled vessels OF
other water craft and their cargoes: &c
own lease, control and operate sieva va
unload vessels and perform other steve
doring work; to dredge with tugs oil
machines. deepen channels. and in con
nection Herewith filling up and reclaim
and transportation business; to have {
common seal; to borrow money and con
tract debts, and to issue bonds. notes
lions, and to secure the payment Of thu
same, or anv Indebtedness contracted b!
mortgage. pledge. pawn or otherwise. o
to own real estate, and to buy and sci
same; to improve and dispose Of tn,
real, personal and mixed property Of tn
company; to acquire by purchase o.
sary apparatus to carry out any or al
Of the purposes herein provided for: an'
In general to do and perform the thing
herein enumerated. and such other act
the Board Of Directors may deem to tn
advantage Of the corporation, which
natural person could do. and which ar
not inconsistent with law.
The foregoing enumeration Of specif
powers shall not be deemed to limit o
; restrict in any manner the general pow
ers OF the corporation, and the enjoy
ment +, and exercise -, Thereof s as eOnfsTre
upon corporations organized under tn
! provisions of the General Corporation
Act Of 1914. or the General Assembly o
: the state of Louisiana, or under an
? laws amendatory thereto which have o
may hereafter be passed.
ARTICLE III. The domicile Of thi
) corporation shall be in the city Of New
: Orleans, parish of Orleans. state Of Lou
E isiana. and all citations and other lega
/ process shall be served upon the Presi
= dent Of this corporation. or. in case o
: his absence, upon the Vice President. oil
, in case Of the absence of both Of thes
officers. upon the Secretary Treasurer.
ARTICLE ". The capital stock o
this corporation Is hereby declared {
be One HUNDRED and Twenty Thousan
Dollars ls12o,0000o). which may be in
creased , from time to tine IN R,,, the mar
' lars $1,0OO, 000.O0). any part of which in
: crease may be preferred stock, as here
= matter provided.
Said capital stock Of One Hundred an
Twenty Thousand Dollars (s120 OO0OO)
: divided into twelve hundred f120O) share
!. Of One Hundred Dollars (s10O.00l eacl
{: which said common stock shall have
voting power OF one ~ vote for eac
e by the stakeholder in person or
!, proxy, at all general elections or NEE
: ines Of the stockholders. and the afor,
said proxy need not be stakeholder I
O the corporation. Said capital stock is
II be paid for In the manner provided b
4 law.
4 In the event Of an increase OF the cal