The herald., 1922-07-27
CHARTER.


. enjoy all the rights, advantages an,
privileges granted by law to corpora
lions, and shall exist for the full tern
, anu period or nlnety-nine years from
! TINS date. II shall have power to con
tract, sue and be sued; TO make an,
use a corporate seal, and the same I,
after ana break at pleasure; TO hold
receive, lease, purchase. sell and con
Yey, as well as mortgage, hypothecat,
ana pledge property, real. personal ant
mixed, corporeal and 1ncorpureal: Il
name ana appoint such managers direc
tors Officers, agents ana other EN-.
pIoyeeS as its interests and conven.
fence may require and to make and
establish as we'll as alter and amend
from time TO time such bylaws rules
and regulations as may be necessary
and eXpedlent for the proper manage
ment and government OF the affairs OF
said corporation.
ARTICLE II. The domicIle of This
corporation is hereby fixed at the city
Ut New Orleans, state of Louisiana.
ana all citations or other legal pro-
/ cess shau be served upon the Presi-
! dent OF this corporation. or, in his
J absence, upon its Secretary Urea surer,
ARTICLE Ill The objects and pur.
/ poses for which this corporation IS
established and the nature Of the BUST
ness TO By carried on by it are hereby
[ declared To be:
To do general transportation bus
mess passenger, freight and express:
To own, buy, sell, lease and operate
D %
land vehicles of any motive power.
anu 10 bulId, construct or repair anv
klnd or water craft or vehicles, or
any KIND OF machinery in connection
herewith, and To construct, buy, lease
ana operate wharves, landings, ware
houses or shops, and generaIIyl TO do
any business or thing connected with
business. - ''o'
ARTICLE ". The capital Sack Of
TINS corporation is hereby fixed at ;hs
sum OF Thirty Thousand Dollars
ISoO,oOO.OO(' TO be divided into and
$500 i't Oy three hGndred (3OO)
SndTeS OF the par value Of one Hun
dred Dollars (SIOO.OO) each; said stock
snail only be issued for cash or in
pay ment or property actually received
OI purchased by said corporation The
capital stock OF this corporation NAV
De increased to the sum of one Hum
dred thousand Dollars GlO,OOO.OO) at
any time upon compliance with the
provision of law relating thereto,
ARTICLE V. All the cornorata
powers ob this corporation shall b.
exercised by Board OF Directors con-
5 iorfiR!s 81 three stockholders. a ma
JOrItS OF whom shall constitute a |
quorum for the transaction Of busi- |
ness. The directors may vote in per- |
son or by written proxy in favor or |
another director. The Board OF Direc- |
Ihelr number President. a Vice
President and a Secretary-Treasurer.
Phe first Board of Directors shall
consist OF three stockholders. and
small be composed of John c Allen.
JuIes +. Dubus and William j. Gleason
Win the said John L. Allen as Presi
aent. Jules f. Dubus as ice-Presidenr /
inu the SAID William j. Gleason a.
The postofrice address of said direc.
.ors are as follows: John Z. Allen, No
aS4 Louisa street. New OrI.ans \.
ules r; Dubus, No. 24O2 Pension
street, New Orleans, La; william j
reason, No. 2l27 Elysian Fields, New
La. e"
Ihese directors snail serve until tho
MIRO tuesday IN June. 1923. or until
n rS successors have been duly elected 4.
In nr, G b1 The annual meeting Of
Tor the election OF dIrsc- |
OTIS snail be held on the third Tines.
1S IN June or each year. unless said !
bSs DE legal holiday. and then on
ne next bank day thereafter. AM
acancy occurring among the directors a
death, resignation or otherwiss p
nan De filled BY election for the I'M t
ors Fern Term by the remaining direc- t
tier ms name his postoffice address V
no statement OF the number or l n
a aSrei in OF his stock which he agrees to
ohs each stakeholder shall be entitIed q
one vote for each share of stocS e.
e ID g IN his name on the books of u
: BY %ritten NIB 70 be cast in person 81
~ /.
lie votes cast shall elect. IL
= Inc Board OF Directors above named u
e etsr agreed TO to purchase from Mr.
nown as the "Reverie," now niving n
Lake Pontchartrain, for the nrics s
az sum OF twenty-five thousand OF
'i the Ssi3 pl' and TO issue STOCK st
mount, full paid and non-assessabIe rs
pay ment or said purchase SAID 81
' 'f,, having been carefully exrnined. lin
irac,o ana appraised by said Board OF m
re- ectors at the sum of $4,000. 90, III
aey DO by these presents take over :"
me, as allowed by the laws of Lon
ana ia from the said Peter A. Dubus pc
"a tltty (25O) shares Of the stocS or ca
Is corpedatlon at the par yaIue ~ da
e hundred dollars lsIOO.OOJ per he
Nv ,2sei men ms said two hundred and
"a pdlu Tor by the delivery of said Or
cnt at the time or signing tins III.
ARTICLE VI. In the event ., -. tn
uldatlon or dissolution of mis- CO. -, 20,
lduOh' It's affairs shall be liuuidatad 80
wound up by the then existing W
All bs Oh directors; said Iiquidators
business and affairs OF this cor SD
ration. In case of the death or res
Idtion OF Hquidator. the survivors Ha
al na continue said liquidation TO ter
AhT!CLE VII. This charter NAV
,modlfled, changed or amended ~ ga
u corporation may be dissolved. with Sta
assent or stockholders oyxn,ng the
o-tnlrds of the entire capital str,,.S ito
general meeting of the stockLoId- wa
convened for that purpose arrsr n
Teen (l5) days written notice snail \
We Deen given TO each stockhoIdar {
iled to him at his last Known an
NRTICLE VIII. No subscriha- %
OK snail ever be held Liable for ~
Tracts ,s' faults or debts of this cor Jul
, aii9h IN any further sum than the -
,aiu balance, If any, due the cor r
dtlon on the stock for which ha
, subscribed; nor shall any stocI
d1er ever be held for such contracts s
It's or debts in any further sum Cit,
the unpaid balance if any or on
STOCK owned by him; nor shall az IJur
&c inIormality in Organization bava and
erect OF rendering this cbartsr on
!, OF rendering any Subscriber ~ Of
1 MI, liable beyond the unpaid sew.
y ~ IL any, remaining due on his p
o stakeholder in this cornorat,o,, a u.
:, ever sell the stock owned nv biy. ~ u.
LIS corporation, or any mart tbara r,
Wvlthout first offering the same in D.
,ins 70 the other Stockholders No..
'ugn the Board of Directors. ar it, pei pei
DOCK value, who will have the -
1t of the death ns same, ana in visi,
Ight Is hereby reserved to tba y.
aiming stockholders to nnrcbese OF
STOCK itS than hooI- OF