The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER.
CHARTER OF LAKE FISHER NAVIGA-
TION COMPANY INC.


TION COMPANY. INC.
United States or America, state OF Louis
lana, Parish Of Orleans. BE il known, that
ON this 9th day of the month of June,
in the year OF our Lord one thousand,
nine hundred and twenty-five 1922J, and
of the Independence of the United states
of America. the one hundred and forty
sixth, before me, Watts n; Leyerich' 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 herelnai-
ter named and undersigned, personally
came and appeared the several persons
whose names are hereunto subscribed
who declared that, ayailing themselves
of the laws of this State relative to the
organization of corporations, they nave
Coyenauted and agreed, and do by these
presents covenant, agree, bind, form ana
constitute themselves, as well as such
persons as may hereafter join or become
associated with them, into a corporation
or body polite in law, for the objects ana
purposes and under the agreements ana
stipulations following, to-wit:
ARTICLE 1.-The name and title of this
corporation shall be Lake Fisher NaVlga-
ton Co.. Inc, and under its corporate
name il shall enjoy succession for the tull
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 and the same
to break and alter at pleasure; TO pur-
chase, receive, lease, hold or otherwise ac-
quire and convey, as well as mortgage
and hypOthecate under its corporate name
property both real, personal anu mlNeu'
to borrow money and make ana Issue
bonds and other evidences OF debt ana To
secure the same by mortgage and other
wise; to subscribe TO ana hOld STOCK III
other corporations; TO acquire, hOld ana
reissue shares of its capital stock; to
carry out all of the objects and purposes
hereinafter set out; to name and appoint
such managers and directors, officers ana
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 reEu-
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 he served upon
the president of the company, or, in his
absence. upon the yice-presdent.
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 it are hereby declared TO
be: To own, control and acquire by lease,
purchase, construction or otherwise.
steamships, barges and vessels of all
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 or
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 yOr wharfingerS; to purchase, |
own. lease, construct, control and operate |
docks. wharveS, warehouses, dry docks, |
dock machinery, appliances and other APP |
paratus, works or cOnyeniences; to do
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 it 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 IV-The presently authorized
capital stock of this corporation is here
by fixed at the sum of five Thousand (S5,-
100000 dollars divided into and repre-
sented by fifty 500 shares of the par
value of one hundred (S1OOOO) dollars per
share. The amount of said stock may be
increased to one million (Sl,OOO,O OO.OO)
dollars.
ARTICLE v-An 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
nn hn narH fsalf .a1a I'D |
ditional directors within the maximum
limit above provided. if the stockholders
shall not have elected the same. A 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 If that be a holiday after notice (
given to each stakeholder by mail at
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
standing in his name on the books OF the
corporation, said vote to be cast in per-
son or Dy proxy ana majority or 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
fill 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 filed.
The board shall elect from their number
a president and one or more vice presi-
dents. The board shall also elect a sec
rotary and a treasurer, who may be the ,
same individual and need not be MEM
bers Of the board or stockholders; and
the board is expressly authorized from
time to time to dispense with any of said I
officers and Tor combine and /or 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 7
panys business, and to porvide that said I
officers need not be members Of the board '