The herald., 1922-02-16
CHARTER.


organization of corporations. Tho u,
cOyenanted and agreed to bind sey haN
constitute themselves, as We'll as I'm aA
! other persons as may hereafter az SeA
become associated with them. int 'on o.
poration ana body polite in law COZ
objects and purposes and under uof u,
cIes' agreements and stipulations nsft
! ing, to-wit: FOLLOW.
ARTICLE l. The name. stvIs a.
of this corporation shall be utk
BALTIC CIlARTERING AND SHInnnIC.Ak
| co, INC, and under that NAM ~ PlNG
have and enjoy all the rights adj shsl
and privileges granted by law n antaga
atoms, and shall exist for the fnn 0tpor
and period of ninety years fro.. 'etn
( day. 1t shall have power to sua M uh
! sued; TO make and use a corpora,nu b
and the same TO alter or break At isal
| are; TO hold, receive lease purcSa.p ieas-
and convey, as well a mortgage bv,, sa
| ecate and pledge property. real n.pOA.
and mixed, corporal and incornnroa,Oa
name and appoint such Managers
| tors, officers, agents and other amriI0.
as its interest may require. and n os
| and establish, as well As alter and ,ne
| from time TO time, such bylaws ena
and regulations as NAV be necasss, 'ule
| eNpedicnt for the proper managamer, aug
government of the affairs Of said co,a sE
alton. 'pe''
ARTICLE II. The domicile of M. -
New Orleans, State Of Louisiana az
citations or other legal process shat, y
served upon the President or VicaN
dent of said corporation; or, In ,ts
absence. upon its Secretary. '"sf
ARTICLE III. The objects and ~.
poses of this corporation and the n.s sL
of the business to be carried ON brn
are hereby declared t. be: To do ~ y
eral shipping business: to act as ~
agents and brokers; 10 buy, own. saS
hire, charter, control construct. build
pair and alter, maintain and one,s;'
boats ships, barges or any other was
craft whatever; TO carry and convey nsa
sengers, goods, wares and merchsps;a.
or other property or commodity of ~.
corporation, or all others for profit 49,
to charge and collect compensation IT,
for; to act as agents and stevedores ~
ships and other water craft. or the oxs
ers. masters, charterers or ub-chartsrs,,
thereof; to load and unload ships or 9TH,
water craft, railroad cars draws ~
other vehicles for itself and Others n.
profit, and to charge and collect comnss
sation therefor; to buy, sell, hire q,
and to act as agents for the owner,
of merchandise of every descriptjos.
to act as custom brokers; 10 an
gage i'll the insurance management ana
insurance agency business: with N.
rights and power to do any and all thlnr,
manner incidental or Complementary "a
the objects and purposes herein set forts
ARTICLE Nv. The capital stock Al
this corporation is hereby fixed nj hs
sum of Twenty five Thousand Dollar,
25OOO.OO), to be divided into and rem.
resented by two hundred and fifty (ga
shares. in the sum of One Hundred Dol
lars $1,000 each said stock shall be psd
for in cash.
The capital stock of this corporatiO,
may be increased to the sum of Tvs
Hundred and Fifty Thousand Dollar
(S25O,OOOOO).
This corporation shall commence doing
business and be a gong concern at oncs
ARTICLE V. All the corporate powep
or said corporation shall be exercised b.
Board of Directors consisting Of not
less than three and not more than i've
stockholders, a majority OF whom shall
constitute quorum for the transactiou
of business. The Board Of Directors SHAH
elect annually from their number a Pres
ident, and may elect one or more Vice
Presidents; they shall also elect I
Treasurer and a Secretary, which two
latter offices may be filled by one per
son, and which person or persons need
not be stakeholder in this corporatioa
The first Board of Directors shall con.
sist OF three stockholders, and shall b
composed Of William III. Osborn, Wilhelm
Reimann and Hans Feveile. with wilsn
as Secretary Treasurer.
The postoftce addresses of said dire
tors are as follows:
William III. Osborn, Hibernia Bank
Building, New Orleans, La.
Wilhelm Reimann, q Whitehall Street
Hans Feveiic, q Whitehall Street. New
York, n. Y.
These directors and officers shall serw
until the first Tuesday in February ls1
or until their successors have been duly
elected and qualified.
The annual meeting of stockhoden
for the election of directors shall be held
on the first Tuesday in February. Of each
year, unless said day be a legal holiday
and then on the next bank day ther
after. Each subscriber hereto sets afta
his name his postoffice address and
statement OF the number Of shares q
stock which he agrees to take in the cor
poration. At all elections every stock
holder shall be entitled to one vote fof
each share of stock standing In his name
on the books of the corporation, to Be
east In person or by his written PROXY
A majority of the votes cast shall elect
ARTICLE vi. In the event Of the liqut
datiOn or dissolution of this corporatsn
the stockholders shall elect two nquidf
tors from among their number at q meet
Ing convened for that purpose, after ta
days written notice sent to- each stock.
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 liQui
dators, the survivor shall appoint stoct
holder as successor to him.
ARTICLE VII. No stakeholder In tbs
corporation can ever sell the stock owned
by him in this corporation, or any pan
thereof, without first offering the sane
In writing, to the other stockholden
through the Board of Directors at
then book value, who will have the nrf
option to purchase the same.
ARTICLE VIII. This charter may =
modified, changed or altered. or ~
corporation may be dissolved, with "
assent Of stockholders owning tire
fourths of the entire capital stock, q
general meeting Of the stockholders, e.
vened for that purpose, after fifteen lg
days written notice shall have been ei,n
to each stakeholder, mailed to him a. ID
last known address.
ARTICLE TX. No subscriber for ston
shall ever be held liable for the contrssn
faults or debts Of said corporation In ag
further sum than the unpaid balance =
any, due the corporation on the STOCK ~
which he has subscribed; nor shall ~
stakeholder ever be held liable for -
faults or debts in any funna
sum than the unpaid balance, II any -
the stock owned by him; nor shau ~
mere informally in organization have ~
effect OF rendering this charter null =
rendering any subscriber or stockholo.
liable beyond the unpaid amount, II ~"
remaining due on his stock.
ARTICLE Y. This corporation ~
ganized under the laws Of the Stss
Louisiana. and especially Act No. ~
1914, and the subscribers hereto. ~
themselves and said corporation. ana
Its officers, directors and stockholos
hereby accept as part Of this charter y. n.
as conditions Of said corporation, Al ~ ~
rights, powers, privileges and immuIu,.
and conferred upon officers, directors -