The herald., 1922-11-30
CHARTER.
CHARTER OF DELTA STEvEDORfNG
COMPANY, INC.


COMPANY, INC.
United States of America, State OF
Louisiana, Parish of Orleans, City OF New
Orleans, BE II known, that on this nrst
day of August, in the year OF our LORD
one thousand, nine hundred and twenty
two, and of the Independence OF the united
States of America, the one hundred ana
forty sixth: Before me, Henry r. Dart;
and qualified, in and for this city and the
Parish of Orleans, therein residing, ana
in the presence of the witnesses herein-
after named and undersigned, personally
came and appeared: the persons whose
names are hereunto subscribed, who de-
clarsd that availing themselves OF the
provisions of the laws OF the State, rela
tive to the organization OF corporations,
they have cOvenanted and agreed and do
by these presents, covenant and agree,
bind. form and constitute themselves, as
well such other persons who may here
after join or become associated with
them, int a corporation and body polite
in law, for the objects and purposes. and
under the agreements and stipulatlons
following, tO-wit:
ARTICLE THE name and style Of
this corporation shall be Delta Stevedor-
ing Company, Inc, and under this name
il shall have and enjoy all the rights, ad-
vantageS and privileges granted by law
to corporations: il shall exist for a period
of ninety nine years, IL shall have power
TO contract, sue and be sued in its cor
porate name: to make and use a corporate
seal. and the same to break or alter at
pleasure to hold, receive, purchase, CON
yey. 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; 10
have and employ managers, directors, OF
| ficers, agents and other employees as the
| interests and convenience of said corpora
| ton may require; and to make and es-
| tablish such bylaws, rules and regula-
| tions for the corporate management ana
I rnI II. ffatr 49, said
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 or
| this corporation or in the event of his in
ability to act as such, his duties and
functions shall devOlve upon, and be full
! filed 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
he carried on by II are hereby declared TO
be: To carry on business as stevedores
and longshoremen. in the City of New
Orleans and elsewhere, and in connection
Herewith TO load and unload steamships,
steamboats,, motor vessels, sailing vessels,
| barges, boats and water craft OF every
kind to load and unload freight cars and
| and equip vessels for the carrying or
grain, cattle and other cargo; to acquire,
own, maintain. operate, lease and dispose
of trucks. derricks. hoisting machinery,
donkey engines draft animals, apparatus,
and all kinds Of appliances necessary,
useful or convenient to the proper trans
action Of the business Of stevedores and
longshoremen; and generally to do and
perform all things germane and incidental
to or usual in the business and affairs
hereinabove authorized.
ARTICLE Iv-The capital stock OF this
corporation is hereby fixed at the sum OF
into one hundred (1OO) shares of the par
value of one hundred (s1O0.O0) dollars
each, which shares shall be paid for in
cash, or In the purchase or exchange OF
property, and the said capital stock may
be increased to the sum of one hundred
thousand ($100. 000.O0) dollars. All shares
, Of stock shall be full paid and mons asses
sable. No transfer Of stock shall be bind
ing upon the corporation, unless made
upon it's books and all certificates of stock
shall be signed by such officers as may be
designated by the board Of directors.
e ARTICLE VAN the corporate powers
8 of this corporation and the management
l and control Of its affairs, including the
r power to sell. transfer, pledge or dispose
corporation, shall be vested In, and exer-
e cised by board of directors composed
r of three (3) stockholders, a majority Of
of All TSe
j shall be elected annually by the stock
holders. at a meeting to be held on the
\ first Monday after the first Sunday Of each
= year in the month Of January. said meet
n ing to be preceded by three days written
: notice to the stockholders. Each stock
4 holder shall be entitled, In person or by
by him. and ali elections shall be held
. under such rules and regulations as may
' be determined by the board Of directors.
The directors. when elected. shall con-
4 furfA In on HnE nzA mt
their successors have been duly elected,
aud have qualified. No failure to elect
shall operate the forfeiture. Of this char
board shall be filled by the remaining di-
rectors for the unexpired term. The board
Of directors shall. at its first meeting
after its election, select out of its num-
: her, a president and one or more vice.
presidents, and shall also elect a secre-
: tary treasurer, who need not. however. be
member OF the board. The president
:. miss the clerks and other employees of
! said corporation at pleasure. and as the
e interest and business Of the same may de-
2 mand. He may exercise this authority by
4 proxy. Any director being sick or alb
e sent or about to absent himself shall
1 have the right to appoint by written in
= strument another director or stakeholder
! to act as his proxy in his stead at any and
( all meetings of the said board of direc-
tors during his absence. The first board
a Of directors and officers shall be composed
OF the 1oll0Wlng named persons, VINO
shall serve until the election to be held
in 1923. namely: It. J. Cunningham.
n president: George Westfeldt, vice-presi-
: dent: N. o. Frederick, secretary treasurer.
ARTICLE vI-The funds Of this corpo-
ration shall be deposited from time TO
;. time in n bank or banks to be selected by
4 the hoard of directors. All checks, notes,
:, or other instruments drawn, executed or
i issued, in the corporations name and be-
halfs shall be signed by the president or
the vice-president. and the secretary
treasurer. No officer shall thus sign or in
;. dorse the name Of the corporation save
strictly in its concern.
ARTICLE Vino stakeholder shall be
held liable or responsible for contracts
7, faults or debts Of the corporation, nor
!. shall any mere informality In its organi-
4 zation have the effect of rendering this
d charter null or Of exposing any stock
d holder to liability beyond the unpaid bal
= ance due on the shares owned by him.
/ ARTICLE VIII-This act Of incorpora-
8 ton may be changed. modified, or altered
% or this corporation may be dissolved
with the consent of the stockholders own
- ing two thirds Of all the stock of this cor
!, poration, at a general meeting convened
u for that purpose and after at least three
a days written notice Of this meeting shall
e have been given through mail, addressed
J. to each stakeholder at his last known
y place Of residence. In case of dissolu.
2 ton by the expiration of this charter, OF
e otherwise. the stockholders shall elect a
!, liduidator from among their own mum.
Z, her. who shall have fun autharitv e. oat