The herald., 1922-03-16
CHARTER OF RAJAH STEAMSHIP
COMPANY INC.

Feb. 23-NIch 80.
| CHARTER OF RAJAH STEAMSHIP
COMPANY. INC.
United States of America. State of Louis
| lana. Parish of Orleans. City of New Or
leans, BE il known, that on this first day
of the month of February. in the year of
our Lord one thousand, nine hundred and
! twenty-five. and of the Independence of
! thu United States of America. the one hun
dred and forty sixth; before me, Henry
| Z. Dart, Jr.. 4 notary public, duly COM
missioned and qualified, in and for this
| city and the Parish of Orleans, therein
residing, and in the presence of the wit
nesses hereinafter named and undersigned
| personally came and appeared: the per
sons whose names are hereunto subscribed,
who declared that, availing themselves of
the provisions Of the laws of the State
relative to the organization of corpora,
| lions, they have cOvenanted and agreed
| and do by these presents. covenant and
| agree, bind. form and constitute them
| selves, well as such other persons who
may hereafter join or become associated
| with them, into corporation and body
| polite in law, for the objects and pur-
poses. and under the agreements and stip-
ulations following, to-wit:
| ARTICLE 1.-The name and style of this
corporation shall be Rajah Steamship
| Company, Inc. and under this name ii
| shall have and enjoy all the rights, ad-
yantages and privileges granted by law TO
| corporations; it shall exist for a period
of ninety nine years; it shall have power
| TO contract, sue and be sued in its cor
pOyate name; to make and use a corporate
| seal. and the same TO break or alter AT
/ pleasure; to hold, receive, purchase, con
vey, mortgage, hypOthecate. or pledge
| property both real and personal; to issue
| bonds. notes and other obligations: to
| purchase. acquire and own stocks, bonds
| and securities in other corporations; to
| have and employ managers, directors Of
/ al ,..NInx h.
interests and conveniences of said cor
| poration may require; and to make and
| establish such bylaws, rules and regula-
| tions for the corporate management and
| control of the affairs of said corporation
as may be deemed necessary and ex-
pedient.
| ARTICLE 1.-THE domicile of the said
\ corporation shall be in the city of New
| Orleans, Parish of Orleans. State OF
| Louisiana. and citation and other legal
| process shall be served on the president
and in his absence on the vice-president
in case of the death Of the president OF
| this corporation or in the event of his
inability to act as such, his duties and
functions shall devolve upon, and be full
filed by the vice-presideat.
| ARTICLE III-The objects and pur-
| poses for which this corporation Is or
| ganized and the nature of the business to
be carried on by 1t are hereby declared
| to be: To construct, purchase, charter
lease, hire. or otherwise acquire and tC
man. equip. maintain and soperate, steam
ships, steamboats,, tOwboats. ferry boats
| sailing vessels, barges and other water
craft of whatever description for trans
portation and towage of freight and pas
| sengers for hire and to engage in a gene
raj transportation business. upon and be
tween places on rivers, lakes. hays and
other waters and upon the high seas, tC
to carry on general express business In
connection with the operation of said yes
sells: to construct. purchase, lease, hire oil
otherwise acquire warehouses, landing
places. canals, docks, wharves and Other
facilities and to improve navigation OF
rivers, bayous and other waters, as the
business of the company may require; Il
construct. hire. lease or otherwise acauir,
and to operate dry docks and floatins
docks. suitable for handling and repair
ing vessels, and to build and repair YES
sells of every description; to construct
purchase, hire. lease or otherwise acquire
and operate on land, omnibusses, automo
biles, trucks. teams and vehicles of ever,
nature and description for the transporta
ton of freight and passengers. to and
from the landing places of the vessels
points as the board of directors may from
time to time determine to be necessary fol
the business of said company and gener
ally to do and perform all things german,
and incidental to, or usual in, the bust
ness and affairs hereinabove authorized
1 ARTICLE Iv-The capital stock of thii
corporation Is hereby fixed at the sum o.
forty-five thousand (s450O0.00) dollars. di
vided into four hundred fifty shares of thu
par value of one hundred (s100) dollars
each. which shares shall be paid for II
cash or in the purchase or exchange o
property, and the said capital stock ma,
be increased to the sum of one hundred
twenty-five thousand dollars. All share
Of stock shall be full paid and non-assess
able. No transfer of stock shall be bind
ing upon the corporation unless mad
upon its books and all certificates Of stool
shall be signed by such officers as ma!
be designated by the board of directors.
All stock in this corporation shall b.
held upon a condition precedent and un
der contract and agreement in the natur
of vested rights that all ouch stock Is s.
held and possessed subject to the rule
and provisions for the transfer of sam
hereinafter set out, to-wit:
| az No sale or other transfer Of share
\ Of stock in this corporation shall be vali'
first afforded the shareholders of recor'
at the date Of such transfer, sale or othe
alienation. to purchase such stocks a
, book value, plus twenty-five per cent. tn
herein prescribed. The right to acquir
! said stock hereby first vested in the othe
stockholders Of record shall follow tn
stock into any hands to which 1t may pas
and may be exercised against the holder
thereof within ninety days from the tim
any sale or transfer has been offered L
be entered on the books of the corpora
J ton.
1t shall be the duty of any holder o
; stock in this corporation who intends o
|, desires to SELL transfer, ALLEVIATE or other
wise dispose Of the same to give ten days
written notice Of such intention or desir
to the board Of directors Of the corpora
ton. who are hereby constituted agent
of the other stockholders for the purpos
of such notice, and said board Of direc
tors shall give immediate information
thereof, In writing, to all the other stock
holders Of record. Before the expiration
of the ten days from the receipt Of said no
tice by the board Of directors, any share
holder Of record, may offer to purchase
and may acquire the right to purchase
, said stock by notifying the board Of di
rectors in writing and thereafter shall de
posit the price Of said stock in cash wit
the corporation on or before the expira
ton Of eighty days from the last men
toned date.
Upon the receipt Of the first mentione'
notice, the board Of directors shall advis
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