The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER.

ance with law and this charter, II Shal
exist and continue. and shall have aud
enjoy corporate existence and succession
for n period of ninety nine (9JD years
from and after the date of this act. II
may have hold. receive, borrow, loan,
exchange, acquire by grant, gift or pur-
dispose of, convey, lease, pledge. pawn.
hypOthecate. cucumber or mortgage prop
erty of any kind. whether real. personal
or mixed, corporal OF incOrporeal. NOV
able or immOyable, all subject to such
limitations as may he prescribed by law.
IL may make, issue and endorse bonds or
notes aud other evidences Of debt Ii
may accept mortgages, pledges or other
forms of security for money loaned or
other debts 1t may contract, sue and
bc sued. plead or be impIcaded by it,
corporate name in any court of competent
jurisdiction. II may make, adopt and
use corporate seal, and alter or break
TIA" same at pleasure. Ii may hold stock
ia other corporations, and its capital
stock may be issued for capital stock
Of other corporations. 1t may name,
appoint and employ such managers.
directors. officers, agents and other en-
ploycs aus its interests business and con
vcnience may require. and may fix their
compensation. having due regard 10 the
nature. character and value of their ser
vices. Ii NAV make and establish 10y
laws. rules and regulations not inCun.
consistent with this charter or any exist
ing law, hNing or altering the manage
mrnt of its property, the regulation and
government of its affairs. and the man
ncr of the ccrtihcatiCn and registration
Of its stock. II may wind MP and dis
solve itself or be wound up and dissolved
in the manner prescribed lay law. IL
may conduct business in this state. other
States, the Federal districts, the Terri
tories and possessions of the United
States. and any foreign country. Ii shall
have the power to invest its Board of
Directors with all of its corporate pow
he named in this charter And il Eener-
ally shall have and possess all the
powers. rights, privileges and immunitirS
which corporations are and may here.
after be authorized to have and possess
under the Constitution and the laws of
this State, and particularly under Act
No pa of the Acts of the General Assem-
bly, of the state of Louisiana for the
year 1914. and the amendments thereto.
ARTICLE ii. The domiCilc of this
Orleans, Parish Of Orleans. and State of
Louisiana. and all citations or other legal
process shall be served upon the PreSi-
dent of this corporation: or. in case of
his absence, upon the Nice-President; and
in the absence of both of these officers,
upon the Secretary of this corporation.
ARTICLE III. The objects and pur
poses for which this corporation is
formed and the nature of ehe business
to be carried on by il are hereby de-
clared to be: To carry on general
shipping and forwarding business. in.
Guiding the receiving, handling, ship
ping. forwarding and Transporting either
by land. water or air. of all kinds of
goods. wares and merchandise and ali
classes of freight. either domestic. import
or export; to act as freight broker and
freight and forwarding agent for either
domestic or foreign shipments; to buy
and sell foreign exchange, either as prin-
cipal or as agent or broker for others
to act as agent or broker in the business
of marine or other insurance, ana espe-
Cially to act as agent or representative
of owners or others having or Claiming
to have any interest in merchandise, yes
sells cargoes. freight or any other subject
Of insurance; and generally to carry on
any other business which under the law
il NAV be entitled TO carry on, whlch
NAV seem to the corporation to be cal
cuIated directly or indirectly TO effect
the aforesaid objects and purposes, or
either of them, or TO facilitate the cor
poratiOn in the transaction OF Its atore,
said business or businesses. or any part
thereof, or in the transaction of any other
lawful business that may be Calculated
directly or indirectly to enhance the
value Of or to render prohtable any OF
the corporations property or rights, ana
generally to hold and exercise all such
Incidental powers and privileges, and to
do and perform all things as relate to
the objects and purposes hereinabove
Set forth. or as may be needful. neces-
sary. proper. useful or convenient for
effecting said objects and purposes, or
either of them.
ARTICLE ". The authorized capital
stock of this corporation is hereby fixed
at and declared to be the sum or Ten
Thousand Dollars (s10,O00O0), which cap
provided by law to the sum of Twenty
five Thousand Dollars (S25OOOOO).
The presently authorized capital stock
of this corporation shall consist of one
hundred 200 shares of the par value
of One Hundred Dollars (S1OO.OOl each !;
il shall be represented by certificates.
shall be full-paid and worcestershire
when issued, shall be issued only for
labor done or for property actually re-
ceived, or for cash to be paid at such
times and in such amounts and after
such notice as may be determined by the
Board of Directors and shall be personal
property. No transfer Of said capital
stock shall be binding upon this corpor
alton unless made in accordance with its
charter and bylaws, and recorded on the
books thereof.
ARTICLE 4. An the corporate powers
of this corporation shall be vested in
and exercised by a board of three 90
directors each of whom shall hold in his
own name at least one ~ share of the
stock of this corporation. Said Board OF
Directors shall be elected annually on
the first legal day of January OF each
wear, beginning with 1923. All such cleo
this corporation, under the supervision
of two commissioners to be appointed by
the Board of Directors; and in the
absence of any commissioner, the Presl-
dent shall have the power to fill the place
by appointment. OF all such elections,
as well as of all meetings of stockholders,
except for the purpose of liquidation or
dissolution, or as otherwise required by
law fifteen days notice shall be given
by mailing to each stakeholder who
appears as such on the books of this
dress OF care of general delivery at New
Orleans If he has not designated an ad-
dress, a notice stating the time and place
of the meeting. Each shareholder shall
be entitled to one vote for each share OF
stock standing in his name on the books
of this corporation, to be cast In person
or by proxy, and a majority of the votes
cast shall elect. Failure to elect direc-
tors on the day above specified shall not
dissolve this corporation, but the dlrec-
tors then in office shall remain in office
until their successors are elected and
qualified. Due notice of another election
vided for, and such notices of election
shall be continued to be given until an
election is had.
ARTICLE VI. AT Its hrst meeting
each Board of Directors shall elect from
its membership a President and Treas
urer and a Vice President; it shall also
appoint a Secretary, who need not, but
may be either stakeholder or director,
and shall from time to time, as 1T sees
hit, appoint or employ such other en-
ployes as il shall deem necessary. The
Board of Directors shall have full power
and authority to fix the salaries of all
offs nd Of oil