The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.

above the full age of majority wbe~ r
orally declared that, ayailing tbems.Sr
of the laws of the State of IoHisse'a K
and especially the laws relative ~
organization of corporations, tbav
cOvenanted and agreed to bind fo,n nave
constitute themselves, as well az an and
other persons as may hereafter sua
become associated with them, into
poratiOn and body polite in law. %. CO..
objects and purposes and under the ne
cles, agreements and stipulations Jsft
ing, tO-wit: "f'
ARTICLE !. The name. style ana A..
of this corporation shall be AMFPtcuatk +
BALTIC CHABTERING AND SHIpp;M
Co, INC, and under that name II ING
have and enjoy all the rights. adyar,aM
and privileges granted by law IN cage
atoms, and shall exist for the fuIj PVT
and period of niuety-nine years from I'm IN
day. 1t shall have power to sue ana Ia
sued: to make and use a corporata
and the same to alter or break N risal
ure; TO hold, receive, lease. purchase
and convey, as well rs mortgage bvnIsA
ecate and pledge property. real ne,so.a,
and mixed, corporal and incorporeeI'
name and appoint such managers Az
tors officers, agents and other emniaw
as its interest may require. and TO 80
and establish, as well as alter and amaas
from time to time, such bylaws ..st
and regulations as may be necessarv sRs
eXpedient for the proper management ~
government Of the affairs Of said coroas
alton.
ARTICLE IL. The domicile Of tb,s
poration is hereby fixed in the Citv !,
New Orleans. State Of Louisiana. ana "
citations or other legal process shall -
served upon the President or Vice Pr.s
dent of said corporation; or, in H..
absence. upon its Secretary.
ARTICLE Ill. The objects and nm.
poses of this corporation and the nam.
of the business TO be carried on nv
are hereby declared 10 be: To do s.s
eral shipping business. to act as IN.
agents and brokers; to buy, own, seI
hire, charter, control. construct build -
pair and alter, maintain and. opera.
boats ships, barges or any other wats
craft whatever; to carry and convey ps.
sengers, goods, wares and merchandI..
or other property or commodity Of mi
corporation, or all others for profit, ana
to charge and collect compensation Their.
for; to act as agents and Steyedores IA,
ships and other water craft or the own.
ers, masters, chartertrs or sub charters,
thereof; to load and unload ships or Oths,
water craft, railroad ears. drays AM
other vehicles for itself and Others "a,
profit, and to charge and collect compel.
sation therefor; to buy, sell, hire Or
transfer commodities Of all kind,
| and to act as agents for the owner
of merchandise of every description.
| TO act as custom brokers; to en-
SdSe III lnt iHSuldutt And
insurance agency business; with n,
rights and power TO do any and all thinu
| necessary or connected with or in An,
manner incidental or Complementary d
| the objects and purposes herein set fortk
ARTICLE ". The capital stock q
this corporation is hereby fixed at Ii,
sum OF Twenty five Thousand Dollar
| (S25, 100000, TO be divided into and rep
| resented by two hundred and fifty co
| shares, in the sum of One Hundred Dol
lars $1,000 each; said stock shall be PAID
| for in cash.
The capital stock of this corporate,
may be increased to the sum Of I've
Hundred and Fifty Thousand Dolan
| $3.50, 00).
| This corporation shall commence doing
business and be a going concern at one
| ARTICLE V. All the corporate power
| of said corporation shall be exercised b.
Board of Directors consisting Of not
| less than three and not more than five
| stockholders, a majority Of whom shall
| constitute quorum for the transaetien
| of business. The Board of Directors shall
| elect annually from their number Pres
ident, and may elect one or more Vie.
Presidents; they shall also elect
| Treasurer and Secretary, which TIVE
latter offices may be filled by one PET
son, and which person or persons NEED
not be a stakeholder in this corporation
The first Board of Directors shall co.,
sist of three stockholders, and shall b
composed Of William II. Osborn, Wilhelm
Reimann and Hans Feveile, with Willisa
ii. Osborn as President and Hans FeTak
as. Secretary Treasurer.
The postoffice addresses of said dire.
tors are as follows:
| William Ii. Osborn, Hibernia Bani
Building, New Orleans, La.
| Wilhelm Reimann, "a Whitehall Street
New York, n. Y.
Hans Feyeile. % whitehall Street Sr
York, N. Y.
| These directors and officers shall serw
until the first Tuesday in February "a
| or until their successors have been duly
elected and qualified.
The annual meeting of stockhoden
for the election of directors shall be he'd
on the first Tuesday in February, Of esA
year, unless said day be a legal holidly,
and then on the next bank day thert
after. Each subscriber hereto sets iftr
his name his postoffce address and
statement of the number of shares
stock which he agrees to take In the cor
poration. At all elections every stoek-
holder shall be entitled to one vote To-
each share of stock standing in his na1s
on the books of the corporation, TO y
cast in person or by his written PROV
A majority of the votes cast shall skrt
| ARTICLE vi. In the event Of the 1qu
dation or dissolution Of this corporstsa
the stockholders shall elect two llquidf
tors from among their number at mef
ing convened for that purpose. after e
days written notice sent to each stoo'
holder by mail to his last known ~
dress, said liquidators shall have ~
authority to wind up the business al
affairs OF this corporation.
In case Of death of either Of said icy
dators, the survivor shall appoint ssoo
holder as successor to him. ~.
| ARTICLE VII. No stakeholder In y.
corporation can ever sell the stock owns
by him in this corporation, or any pm
thereof, without first Offering the san
in writing, TO the other stockho.oes
through the Board Of Directors. at
then book value, who will have the y"
option to purchase the same.
ARTICLE VIII. This charter may y
} modified, changed or altered, or
, corporation may be dissolved, Win
assent of stockholders owning un
fourths of the entire capital stock
general meeting of the stockholders @
vened for that purpose. after nfteen "
days written notice shall have been IN, n
, to each stakeholder, mailed TO him "
, last known address. -
, ARTICLE TX. No subscriber for see
. shall ever be held liable for the conn. .,
faults or debts Of said corporation IN ~
further sum than the unpaid balance J.
, any, due the corporation on the stoc , =, ~
which he has subscribed: nor snan -
: stakeholder ever be held liable fot -
contracts, faults or debts In any iu' =
sum than the unpaid balance, ny =,
the stock owned by him; nor shan ~
mere informality In organization nav u a
effect of rendering this charter nen
! rendering any subscriber or stoens, 81
liable beyond the unpaid amount -
remaining due on HIS stock. :. al
y ARTICLE Y. This corporation 4
ganized under the laws Of the sus 4
, Louisiana, and especially Act NO. ~ Al
= 1914, and the subscribers hereIos Al
themselves and said corporation, 81 80
!. its officers, directors and stockno, II