The herald., 1922-07-06
CHARTER.
CHARTER OF LAKE FISHER NAvIGA-
TON COMPANY, INC.

TON COMPANY. INC.
United States or America, State Of Louis
lana, Parish Of Orleans. BE it known, that
on this 9th day of the month OF June,
in the year of our Lord one thousand
nine hundred and twenty-five (l922), and
of the Independence of the United States
Of America, the one hundred and forty
sixth, before me, Watts X. Leverch. a no
tary public, duly commissioned and quail
fed, in and for the Parish of Orleans
State Of Louisiana, therein residing and
in the presence of the witnesses hereinat'
ter named and undersigned, personally
came and appeared the several persons
whose names are hereunto subscribed
who declared that, awaiting themselves
of the laws of this State relative to the
organization of corporations, they have
covenanted and agreed, and do by these
presents covenant, agree, bind, form and
constitute themselves as well as sucI
persons as may hereafter join or become
associated with them, into corporation
or body polite in law, for the objects and
purposes and under the agreements ana
stipulatiOns following, tO-wit:
ARTICLE 1.-The name and title OF this
corporation shall be Lake Fisher Naviga-
ton Co., Inc, and under its corporate
name il shall enjoy succession for the full
term and period Of ninety-nine years from
and after the date hereof, and shall have
power and authority to contract sue ana
be sued; to accept and receive mortgages
pledges or other hypOthecations; to MAKE
and use a corporate seal ana the same
chase, receive, lease, hold or otherwise ac-
qure and convey, as well as mortgage
and hypothecate under Its corporate name
property both real, personal ana mlAeu
TO borrow money and make ana issue
bonds and other evidences Of debt and 10
secure the same by mortgage and other
wise; to subscribe to and hold stock IN
other corporations; 10 acquire, hOld anu
reissue shares of its capital stock; TO
carry out all of the objects and purposes
hereinafter set out; 10 name and appoint
such managers and directors. officers and
agents. as the interest and convenience
of said corporation may require; and TO
make and establish. as well as alter and
amend at pleasure such bylaws, rules and
regulations for the management and regu-
alton of the affairs of the corporation as
may be necessary, proper or convenient;
and generally to do all such acts and
things as trading corporations are author
lied to do under the laws Of the State OF
Louisiana.
ARTICLE 1.-THE domicile Of this cor
poratiOn shall be in the Parish of Orleans.
state of Louisiana, and all citations or
other legal process shall be served upon
the president of the company, or, in his
absence. upon the vice-president.
ARTICLE UI-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business TO
be carried on by it are hereby declared to
be: To own, control and acquire by lease,
purchase construction or otherwise
steamships. barges and vessels of all
kinds, or interests therein; and to operate
the same; TO engage in commerce and
navigation upon all oceans, seas, lakes
bays, harbors and navigable waters gen
orally In any part Of the world; TO char
ter to or from others all manner of boats.
ships, vessels and water craft; to engage
in the carriage and transportation of
freight, mails, property, and passengers
by water; to carry on all or any of the
business Of ship brokers. management of
shipping property, freight contractors,
lightermen, forwarding agents, warehouse
men and /Or wharfingers; to purchase.
own, lease. construct, control and operate
docks. wharyes, warehouses, dry docks,
dock machinery, appliances and other APP
paratus, works or cOnveniences; to do a
general ship building, stevedore. dock
age, warehouse and commission business;
to purchase, use, develop, improve and
dispose of real and personal property. in
Guiding stocks, bonds and obligations of
other individuals firms or corporations:
to exchange its entire capital stock, or
any part thereof, for property which ii is |
authorized to acquire to exchange its
entire assets and business, or any part
thereof, for property, stocks, bonds, or
other obligations of other companies. |
firms or individuals, and generally to do
all acts and things necessary. convenient
or appropriate to the accomplishment of
any of said purposes or germane thereto.
ARTICLE Iy-The presently authorized
capital stock OF this corporation Is here
by fixed at the sum Of five Thousand 49,
UVUuUD uOllars, DIVIDED into ana repre-
sented by fifty 500 shares Of the par
value of one hundred Cs1OOO0) dollars per
share. The amount of said stock may be
increased to one million (S1,OO0,OOO.OO)
dollars.
ARTICLE v-All the powers of this
corporation shall be vested in a board
composed Of not less than three nor more
than seven directors. The precise number
of directors within said limits shall be
fixed by the stockholders at the annual
meeting called for that purpose, provided
that in the interval between stockholders
meetings the board itself may elect ad
limit above provided. If the stockholders
shall not have elected the same. \ ma
jOrity of the board shall constitute a
quorum. Said board of directors shall
be elected annually at the stockholders
meeting to be held annually at the office
of the corporation on the third Tuesday
In June of each year Tor on the next legal
day IL that be a holiday after notice
given to each stakeholder by mail Mt
least fifteen days before the date of the
meeting, addressed to the last designated
address of the stakeholder. or il he has
designated no address, to the General De-
livery at New Orleans. Special meetings
Of the stockholders may be called by the
board at any time and notice thereof shall
be given in the manner provided for an
nual meetings; provided that in all cases
all notice may be waived by unanimous
consent. Each shareholder shall be en-
titled to one vote for each share of stock
stunning In MS name on the DOCKS OF the |
corporation, said vote to be cast in per-
son or by proxy and a majority of the
votes cast shall elect. Failure to elect di-
rectors on the day above specified shall
not dissolve the corporation but the di-
rectors then in office shall remain In office
until their successors are elected. The
board of directors shall have power to
NIL all vacancies which may occur or in
any manner arise or be created on the
board. even though no quorum remain at
the time such vacancies are to be filled.
The board shall elect from their number
president and one or more yice-presi-
dents. The board shall also elect a see
rotary and treasurer, who may be the
same individual and need not be men,
bers of the board or stockholders; and
the board is expressly authorized from
time to time to dispense with any of said
officers and /Or combine and IOr separate
any Of them. and /or elect any other such
officers as the board may think proper or
convenient to the carrying on of the COM
panys business, and to porvide that said
officers need not be members of the board