The herald., 1922-02-23
CHARTER.

III III Aa" ohN NHN'
exist and continue. and shall have and
enjoy corporate existence and succession
for 4 period of ninety-nine ls9) years
from and after the date of this act; II
NAV have, hold, receive, borrow, loan,
exchange, acquire by grant, gift or pur-
chase, devise or bequest, sell, ALLEVIATE
dispose of, convey, lease, pledge pawn
hypothecate, cucumber or mortgage prop
erty of any kind, whether real, personal
or mixed. corporal or incorporeal. NOV
able or immovable, all subject TO such
limitations as may be prescribed pg Jaw
Ii may make, issue and endorse bonds or
notes and other evidences OF deot. IL
may accept mortgages, pledges or other
forms of security for money loaned or
other debts. 1t may contract sue ana
be sued, plead or be impieaded by ITS
corporate name in any court of competent
jurisdiction. 1t may make, adopt ana
use a corporate seal, and alter or Dreak
the same at pleasure. IL may no canita1
in other corporations, and ITS capltaI
stock may be issued for capital STOCK
of other corporations. 1t may name
appoint and employ such managers
directors, officers, agents and other en-
ployes as its interests, business and con
venience may require, and may hN thelr
compensation, having due regard 10 tne
nature, character and value OF thelr ser
vices. II may make and establish by
laws, rules and regulations not neon
consistent with this charter or any exist
ing law, fixing or altering the manage
ment of its property, the regulation ana
goyernment of it's affairs. and the man.
ner of the certifcation and registration
of it's stock. 1t may wind up ana dis,
| solve itself, or be wound up and dissolved
in the manner prescribed by law. III
| NAV conduct business in this State, other
States, the Federal districts, the TERN,
tories and possessions OF the Uniten
States. and any foreign country. Ii shall
have the power to invest its Board OF
Directors with all of its corporate pow
ers, subject to such restrictions as may
be named in this charter. And 1t gener-
ally shall have and possess all the
powers. rights, privileges and immunltles
which corporations are and may mere
after be authorized to have and possess
under the Constitution and the laws OF
No 267 of the Acts of the General Assem-
bly, of the State of Louisiana for the
year 1914. and the amendments thereto.
ARTICLE ii. The domicile of this
Orleans, Parish of Orleans, and State of
Louisiana. and all citations or other legal
process shall be served upon the Presl.
dent of this corporation; or. in case OF
his absence, upon the e-President: and
in the absence of both of these officers,
upon the Secretary Of this corporation.
ARTICLE III. The objects and pur-
poses for which this corporation is
formed ando the nature Of the business
to be carried on by it are hereby de,
clared 20 be: To carry on a general
shipping and forwarding business, in
Guiding the receiving, handling, ship
ping. forwarding and Transporting either
by land. water or air, of all kinds OF
goods. wares and merchandise and all
classes of freight, either domestic; lmpor.
or export: to act as freight broker ana
freight and forwarding agent Tor ei,her
domestic or foreign shipments; to BUY
and sell foreign exchange. either as prln-
cipal or as agent or broker for others;
TO act as agent or broker in the business
Of marine or other insurance, anu esp
cialIy to act as agent or representative
of owners or others having or claiming
to have any interest in merchandise. yes.
sells. cargoes, freight or any other suoJect
of insurance.; and generally to carry on
any other business which under the law
il may be entitled to carry on, wnlch
may seem to the corporation TO De saa
culated directly or indirectly 10 eHect
the aforesaid objects and purposes, or
either of them, or to facilitate the cor
poration in the transaction of its afore.
said business or businesses. or any part
thereof. or in the transaction Of any other
lawful business that may be calculated
directly or indirectly to enhance the
value Of or to render profitable any OF
the corporations property or nights ana
generally to hold and exercise all suen
do and perform all things as relate TO
the objects and purposes hereinabove
set forth, or as may be %needfui, neces-
sary. proper, useful or convenient Tor
either Of them.
> ARTICLE w. The authorized capital
Z stock of this corporation is hereby hIed
at and declared to be the sum OF Zen
ital stock may be increased in the manner
provided by law to the sum of Twenty
1--WE Thousand Dollars tS25.OOo.OO.,
The presently authorized capital STOCK
of this corporation shall consist OF one
hundred QO0) shares of the par value
!; of One Hundred Dollars ($10o.OO) each
: it shall be represented by certificates
shall be full-paid and non-assessaoi
labor done or for property actually re-
ceived, or for cash to be paid at such
times and in such amounts and after
such notice as may be determined by the
Board of Directors, and shall be personal
property. No transfer Of said capital
stock shall be binding upon this corpor
alton unless made in accordance with ~
charter and bylaws, and recorded on the
books thereof.
ARTICLE Y. An the corporate power
of this corporation shall be vested In
. and exercised by a board OF three l5J
I directors, each of whom shall hold in MS
; own name at least one ~ share or the
!, stock of this corporation. Said Board OF
q Directors shall be elected annually on
I the first legal day Of January OF eact
: year, beginning. with 1923. All such cleo
. this corporation, under the supervisor
of two commissioners to be appointed by
the Board of Directors; and in thu
absence Of any commissions; the Pr resi-
ucuI bhdAi haFC khS II"
:. by appointment. OF all such elections
as well as of all meetings of stockholders
except for the purpose OF liquidation OF
dissolution, or as otherwise required b!
d law, fifteen days notice shall be giveI
by mailing to each stakeholder VIII
appears as such on the books Of thi
corporation at his last designated ad
dress, or care Of general delivery at New
Orleans If he has not designated an ad
dress. a notice stating the time and plac
Of the meeting. Each shareholder shal
d be entitled to one vote for each share o
stock standing in his name on the book
d of this corporation, to be cast in persol
or by proxy, and a majority Of the vote
cast shall elect. Failure to elect diret
tors on the day above specified shall no
" dissolve this corporation, but the direc
tors then in office shall remain in offc
ts until their successors are elected an
8. qualified. Due notice Of another electio
Is shall forthwith be given as above Pre-
vided for, and such notices of electio
shall be continued to be given until a
helection is had.
ia ARTICLE VI. NJ Its nrst meetin
4. each Board Of Directors shall elect froI