The herald., 1922-02-23
CHARTER.

above the full age Of maioritr eIloed n 4
orally declared that, ayailing le ~
of the laws Of the State OF iIuensess
anu especially the laws RELATIVE u.lSs,
organization OF CORPORATIONS. re- WNR
| covenanted and agreed TO bind 'Hey h,N
constitute themselves, as well a. io,n ~
| other persons as may hereo,,. al III
become associated with them g.. JOIN
poration and body polite In Isn. O q,
objects and purposes aud undo, lot u
cles' agreements and stipulations' s an
ing, to-wit: 'ns tolOs
ARTICLE /. The name. stvla
of this corporation shall be tv ana tn
BALTIC CHARTERING AND-SuT;RCD
| CO, INC, and under that man, i.fPlSg
have and enjoy all the rights. AL sAI
and privileges granted by law =. anhgs
atoms ana shail exist for the fnn HO,pN
and period of ninety wears f. n ten
I day. 1t shall have power 10 Srn ron tis
! sued; 70 make and use a cornos.shd
| and the same to alter or break %. SEA
ure; to hold, receive. lease. pnEcS. ple,s
and convey, as well as MORTGAGE vi
ecate and pledge property. real nypoA /
ana mixed corporal and incorpors,loa
| name and appoint such manaysrs 3
tors. officers, agents and other as HseS
| as its interest may require. ana .iO!ea
| and establish, as well as alter ana NAB
| from time to time, such by.Iaw.a nent
and regulations as may be necessS, tols
eNpedient for the proper managema.! NJ
government Of the affairs Of said ru. ny
alton. u eofpot
ARTICLE ii. The domicile q, ,,,-
poration is hereby fixed in tha C,s Co..
| New Orleans, State of Louisians III!
citations or other legal process sS SnS
served upon the Presiden: or y,cs aSl b
| dent of said corporation; or ir rtsa
| absence, upon its Secretary. ~ tAss
ARTICLE III. The obierts an.
poses of this corporation and tba pG
of the business to be carried on Isas
are hereby declared to be: To do ny
eral shipping business; to act "a see
agents and brokers; to buy, own
hire, charter, control. construct bniia vel
pair and alter, IN ntain ana Nv n
boats ships, barges or any other 'S x,
craft whatever; to carry and convex ss
sengers, goods, wares and mercbs.Ht
or other property or commodity % wv
corporation, or all others for pros, ua
to charge and collect compensatory IA. .s
for; to act as agents and steyedorss
SHIPS ana other water craft, or the an.
ers, masters, charterers or sub-chs,,s,.e
thereof; to load and unload ships o. ~
water craft, railroad cars. draws .ns
other vehicles for itself aud otba,s =.
profit, and to charge and collect com,t w
sation therefor; to buy, sell hirs
transfer commodities Of all H,iTN
and to act as agents for the orn. s
0pSgrinffn..
to act as custom brokers; 10 y,
gage in the insurance management a.
insurance agency business; with ~
rights and power TO do any and ali thin.
necessary or connected with or IN ~
manner incidental or complementsrv
the objects and purposes herein set fOrts
ARTICLE w. The capital stool =
this corporation is hereby fixed Al "A.
sum of Twenty five Thousand Dols,.
$50, 100000, to be divided into and ,sa
resented by two hundred and fifty "a
shares, in the sum of One Hundred nol
lars S1OO) each; said stock shall be nSs
for in cash. f-~
The capital stock of this corpor,to,
may be increased to the sum Of Tvs
Hundred and Fifty Thousand Dollar
(S250,OO000). -''
This corporation shall commence doi,,
business and be gong concern at oncs
ARTICLE V. All the corporate power
of said corporation shall be exercised b,
a Board of Directors consisting az na,
less than three and not more than ss'
stockholders, majority of whom shall
constitute quorum for the transacto,
of business. The Board of Directors shan
elect annually from their number A Pres
ident, and may elect one or more Vie.
Presidents; they shall also elect
treasurer and Secretary, which two
latter offices may be filled by one Der.
son, and which person or persons NEED
not be stakeholder in this cOrporatiou.
The first Board of Directors shall con.
sist OF three stockholders, and shall b
composed Of William ii. Osborn. Wilhelm
Reimann and Hans Feveile, with William
III. Osborn as President and Hans FeyeIIs
as Secretary Treasurer.
The postoffice addresses of said dire.
tors are as follows:
William III. Osborn, Hibernia Bank
Building, New Orleans, La.
Wilhelm Reimann, "a Whitehall Street
New York, N. Y.
Hans Feyeile. "a Whitehall Street, New
York, n. Y.
These directors and officers shall serve
until the first Tuesday in February. lsa
or until their successors have been dull
elected and qualified.
The annual meeting of STOCKHOLDERS
Tor the election of directors shall be he'd
on the first Tuesday in February Of each
year, unless said day be a legal holiday,
and then on the next bank day there.
after. Each subscriber hereto sets after
his name his pOstoffice address and
statement of the number Of shares Of
stock which he agrees to take in the cor.
poration. At all elections every stock.
each share Of stock standing In his name
on the books of the corporation, to Be
cast in person or by his written proxy.
A majority of the votes cast shall elect
ARTICLE vi. In the event of the liqui
dation or dissolution of this corporation
the stockholders shall elect two lquida
tors from among their number at a meet
ing convened for that purpose, after ten
days written notice sent TO each stock
holder by mail to his last known al.
dress; said liquidators shall have the
authority to wind up the business and
affairs of this corporation.
In case Of death Of either Of said liquL
ohal Atnfa All
holder as successor to him.
ARTICLE VII. No stakeholder In this
corporation can ever sell the stock owned
by him in this corporation, or any part
thereof, without first offering the same
In writing, to the other stockholders
through the Board Of Directors, at 10
then book value, who will have the first
option to purchase the same.
ARTICLE VIII. This charter may m
mod1hed. changed or altered, or SAD
corporation may be dissolved, with tie
assent of stockholders owning three
fourths of the entire capital stock, at
general meeting of the stockholders, con
vened for that purpose. after fifteen tbl
days written notice shall have been gi,eh
TO each stakeholder, mailed to him at Dis
last known address.
ARTICLE TX. No subscriber for stocs
shall ever be held liable for the contracta
faults or debts Of said corporation In any
further sum than the unpaid balance,
any, due the corporation on the stock foi
which he has subscribed; nor shall any
stakeholder ever be held liable for sues
faults or debts in any furtnei
sum than the unpaid balance, II any, %
the stock owned by him: nor shall su
mere informality in. organization have ~
effect of rendering this charter null
rendering any subscriber or stockholod
liable beyond the unpaid amount IL any
due on his stock.
ARTICLE X. This corporation Is Or
ganized under the laws Of the STATE o
1914, and the subscribers hereto. im
themselves and said corporation, and IOi
its officers, directors and stockholdels
hereby accept as part Of this charter ~