The herald., 1922-08-03
CHARTER OF OAXACA STEAMSHIP
COMPANY INC.

June % Aug
CHARTER OF OAXACA STEAMSHIP
COMPANY. INC.
United States of America. State of Louis
iana Parish of Orleans, City Of New Or
leans, Be it known. that on this sixteenth
day Of the month of February. in the year
of our Lord, one thousand, nine hundred
and twenty-five. and of the Independence
of the United States OF America, the one
hundred and forty sixth: Before me-
Henry p. Dart, Jr., a notary public, duly
commissioned and qualified, in and for
this city and the Parish of Orleans, there
in residing, and in the presence of the wit
nesses hereinafter named and under
signed, personally came and appeared: the
persons whose names are hereunt0 sub
scribed, who declared that availing them
selves of the provisions Of the laws of the
State. relative to the organization of cor
porations, they have covenanted and
agreed and do by these presents. covenant
and agree, bind, form and constitute
themselves, as well as such other persons
who may hereafter join or become asso-
ciated with them, into a corporation and
body polite in law, for the objects and
purposes. and under the agreements and
stipulations following, to-wit:
ARTICLE THE name and style Of
this corporation shall be Oaxaca Steam
ship Company. Inc, and under this name
1t shall have and enjoy all the rights, adj
vantages and privileges granted by law
to corporations; 1t shall exist for a period
Of ninety-nine years, it shall have power
to contract, sue and be sued in its cor
porate name; to make and use corporate
seal. and the same to break OF, alter at
pleasure; to hold, receive, purchase. con-
vey, mortgage, hypothecate, Of 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.
officers, agents and other employees, as
the interests and convenience of said cor
poration may require; and to make and
establish such bylaws, rules and regu-
lations for the corporate management and
control of the affairs OF said corporation,
as may be deemed necessary and expe-
dent.
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 in
ability to act as such, his duties and func-
tons shall devolve upon, and be fulfilled
by the vice-president.
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.
man, equip, maintain and operate, 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 gen.
eral transportation business, upon and be-
tween places on rivers, lakes, bays and
other waters and upon the high seas. to
ports and places in foreign countries, and
carry on a general express business, in
connection with the operation of said ves-
sells; to construct purchase. lease. hire or
otherwise acquire warehouses, landing
places, canals, docks, wharves and other
facilities and to improve navigation on
rivers, bayous and other waters, as the
business of the company may require; to
construct, hire, lease or otherwise acquire
and to operate dry docks and floating
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 every
nature and description for the transpor-
| tation 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
| for the business of said company and
generally to do and perform all things
germaine and incident to, or usual in
the business and affairs hereinabove au-
thorized.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum OF
| FIVE thousand ($5,0O0.00) dollars, divided
into fifty 500 shares of the par value Of
one hundred (S1O0.OO) dollars each, which
shares shall be paid for in cash. or II
the purchase or exchange of property, and
the said capital stock may be increased
to the sum of one hundred and twenty
five thousand (S125, OOOOO) dollars. AL
shares of stock shall be full paid and non
| assessable. No transfer of stock shall bt
binding upon the corporation, unless made
upon its books and all certificates Of stocI
| shall be signed by such officers as may
be designated by the board of directors
All stock in this corporation shall b.
held upon condition precedent, and un
der contract and agreement in the nature
held and possessed subject to the rule
and provisions for the transfer of SAM
hereinafter set out, towit:
IN No sale or other transfer of share!
of stock in this corporation shall be yaliC
until and unless the opportunity has beef
at the date of such transfer. sale or othe
alienation, to purchase such stocks a
book value, plus twenty-five per cent. tn
value to be ascertained In the mamie
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 to b.
entered on the books Of the corporation.
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 tel
days written notice OF such intention o.
desire to the board Of directors of the cor
porati0n, who are hereby constituted
agents Of the other stockholders for tn
purpose Of such notice. and said boar
of directors shall give immediate inform
alton thereof, in writing, to all the othe
| stockholders Of record. Before the ex
piration Of the ten days from the receip
Of said notice by the board Of directors
any shareholder Of record, may offer +
purchase, and may acquire the right Z
board Of directors in writing. and there