The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-23

(SeaD.
Feb. 23-Mch. 80.
CHARTER OF RAJAH STEAMSHIP
COMPANY, INC.
United States of America. State of Louis
lana. Parish Of Orleans, City of New Or
leans, BE ii known, that on this first da!
Of the month Of February, in the year o
our Lord one thousand, nine hundred anC
| twenty two, and of the Independence o
the United States of America the one hun
dred and fOrty-siXth; before me, Henry
p. Dart, Jr., notary public, duly com
missioned and qualified. in and for thi:
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
| tions, they have coyenanted and agreed
| and do by these presents, covenant and
| agree, bind, form and constitute them
selves. as well as such other persons who
may hereafter join or become associated
with them, into a 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 il
shall have and enjoy all the rights. ad-
vantages and privileges granted by law to
corporations; it 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-
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
| ficers. agents and other employees. as the
interests and conveniences of said cor
poration may require: and to make and
! establish such bylaws, rules and regula-
| 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
functions shall devolve upon, and be full
| filled 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 it are hereby declared
to be: To construct, purchase, charter,
lease, hire, or otherwise acquire, and to
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 gene
raj transportation business. upon and be-
tween places on rivers, lakes, hays and
other waters and upon the high seas, to
ports and places in foreign countries, and
to carry on a general express business in
connection with the operation of said YES
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-
bfles. trucks, teams and vehicles Of every
nature and description for the transporta-
ton of freight and passengers. to and
from the landing places Of the vessels
operated by said company. and such other
points as the board of directors may from
time to time determine to be necessary for
the business Of said company and gener-
ally to do and perform all things germane
and incidental to, or usual in, the bust.
ness and affairs hereinabove authorized.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
forty-five thousand (s45OO0.OO) dollars. di-
vided into four hundred fifty shares of the
par value Of one hundred ($1OO) 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
twenty five thousand dollars. All shares
of stock shall be full paid and nom assess
able. No transfer of stock shall be bind
Ing upon the corporation unless made
upon Its books and all certificates Of stock
shall be signed by such officers as may
be designated by the board of directors.
All stock In this corporation shall be
held upon a condition precedent and un-
der contract and agreement in the nature
OF vested rights that all such stock is so
held and possessed subject to the rules
and provisions for the transfer of same
hereinafter set out. to-wit:
ID No sale or other transfer of shares
OF stock In this corporation shall be valid
until and unless the opportunity has been
first afforded the shareholders of record
at the date of such transfer, sale or other
alienation. to purchase such stocks at
book value, plus twenty-f per cent. the
value to be ascertained in the manner
herein prescribed. The right to acquire
said stock hereby first vested in the other
stockholders of record shall follow the
stock into any hands to which Ii may pass
and may be exercised against the holders
thereof within ninety days from the time
any sale or transfer has been offered to
be entered on the books of the corpora
ton.
1t shall be the duty Of any holder of
stock In this corporation who intends or
desires to sell, transfer, ALLEVIATE or other
wise dispose of the same to give ten days
written notice of such intention or desire
to the board Of directors of the corpora
ton. who are hereby constituted agents
of the other stockholders for the purpose
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 o. 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-
post the price of said stock in cash with
the corporation on or before the expira-
ton Of eighty days from the last men
TONED date.
Upon the receipt Of the first mentioned
notice, the board Of directors shall advise
the person owning said stock. his agent or