The herald., 1922-02-02
CHARTER.

] | organization Of corpDr8ti,rs 70 .
J covenanted and agreed To hind 'Htey h
! constitute themselves, as well a. Urn 4,
other persons as may hereafter "a y,
ptcOIi" associated with them. int oa ,
pOratlon and body polite in ia,' o a @
, objects ana purposes aud under I0f g
cleS, agreements and stipulation ne Al
ing. tu-Wit: iOlet
ARTICLE /. The name. .tvr.
OF TINS corporation shall be tvppIna, III
BALTIC CHAETERING Ann SfIIhhllg
co, INC, and under that NAM itftPl6
nave ana enjoy all the rights. adran. at
and privileges granted bv law dnlasa
atoms, and shall exist for Tho ~ core
and period of uincjy-uiue wears t taa Ten
day. IL shall have power "a -, -'Ou II
sued; 10 make and use "a corn1.. ana ]
and the same 10 alter or break %. u
ore; To hold, receive lease r,uToS a. Pies
and convey, as well rs mortg1gs I, $
"catc and pledge property. reoi rAspoo-
ana mixed corporal and iucorpo-sasl y
name and appoint sucn manages ~ Z
tors. officers, agents and other ar,,, yi7.
as its interest may require and .p'0y =
and establish, as well as alter ora hsis
| from tim" TO time, Sach bv-iav-, 'u-e
and regulations as may be nacasss. lls
eNp"dicnt for the proper mauagams... az
government Of the affairs Of Said cn.. y
alton. SoilR
] ARTICLE H. The douicrs % a.,
poration is hereby fixed i'm tta ' Cs eH
! New Orleans. State of Louisiana o.y 4
! citations or other legal process sS.ss N
! served upon the President or vica N 4
| dent of said corporation: or 4,
| absence, upon its 81, rotary. ~ uG
ARTICLE Ill. The objects ana
I poses of this corporation and the ~ y
| OF the business to be carried on h,
/ are hereby declared To- be: To do
\ eral shipping business. TO act a.
| agents and brokers; to buy. own
| hire. charter. control. construct brJi1
| pair and alter, maintain and 90,
! boats ships, barCeS or any ofher - ~.
craft whatever; 10 carry and convey
sehSers, goods, wares and merebs,s
or other property or commodity of N
corporation, or all others for pros,
to charge and collect cOmpepSation a
for, To act as agents and stevedorss y
ships and other water craft. or tho -
ers, masters, chartcrrrS or sub-cba-,s,.
thereof; 10 load and unload Sims ar s,ss
water craft, railroad cars. draws y.
other vehicles for itself and Others !.
profit and TO charge and collect coma.
sation therefor; TO buy, sell. birs
transfer commodities Of all k,s
and to act as agents for the orr.-
of merchandise OF every dascrintis.
to act as custom brokers': to
gage in the insurance management A..
insurance agency business; with ~
rights and power to do any and all thhr
necessary or connected with or in ~
manner incidental or complementary
the objects and purposes herein set TO-,
ARTICLE ". The capital storF
this corporation is hereby fixed al =
sum of Twenty five Thousand Dolr
(S2o,OOO.OO), to be divided into and n,
resented by two hundred and 6fty Is.
shares, in the sum of One Hundred d.
lars (SlOO) each; said stock shall be Dss
for in cash.
may be increased to the sum Of m
Hundred and Fifty Thousand Doln
(S2J0,000 OO).
This corporation shall commence do,
business and be a going concern at On,
ARTICLE V. All the corporate pOVs<
OF said corporation shall be exercised
a Board of Directors consisting Of 4
less than three and not more than M
stockholders, majority of whom al
constitute quorum for the transacuE
of business. The Board Of Directors 4
elect annually from their number a RsH
ldent, and may elect one or more Viz
Presidents; they shall also elect
Treasurer and a Secretary, which HI l.
latter offices may be filled by one b
son, and which person or persons bel
not be stakeholder in this corp0rstE
NHN hASN DOdAN VI DiAtNtOIS SHdil 81
sist of three stockholders, and shall
composed of William III. Osborn, Wins
Reimann and Hans Feveile, with Win,
III. Osborn as President and Hans Fe1a.
as Secretary Treasurer.
The postoftice addresses of said dial
tors are as follows: 4
William II. Osborn, Hibernia Ban
New Orleans, La.
Wilhelm Reimann, "a Whitehall Str.
New York, y. Y.
Hans Feyeile, % Whitehall Street, "
York, n. Y.
These directors and officers shall ~
until the first Tuesday in February, 81
or until their successors have been ii
elected and qualified.
The annual meeting of stockhoin
foe the election of directors shall be "
on the first Tuesday in February, Of a.
year, unless said day be legal hoidr
and then on the next bank day thar
after. Each subscriber hereto sets ln
his name his postoffce address and
statement of the number Of shares
stock which he agrees TO take In the q
poration. AT all elections every stp
holder shall be entitled to one vote
each share of stock standing In his na,f
on the books of the corporation, 70
cast in person or by his written pfsr
majority of the votes cast shall Ed
ARTICLE vi. In the event Of the lis
tation or dissolution of this corporzn1
the stockholders shall elect two liquii
tors from among their number at ne
ing convened for that purpose, after
lays written notice sent to each stp1
holder by, mail to his last known
dress; said liquidators shall have
authority to wind up the business
Affairs of this corporation.
In case of death of either of said M
iators, the survivor shall appoint 500
holder as successor to him.
ARTICLE VII. No stakeholder In
by him in this corporation, or any y
hereof. without first offering the
N writing, to the other stockholm
through the Board of Directors, al
hen book value, who will have the
option to purchase the same.
ARTICLE VIII. This charter may
modified, changed or altered, or
corporation may be dissolved, VIII
assent of stockholders owning un
ourths of the entire capital stock
general meeting of the stockholders
Iened for that purpose, after fifteen
lays written notice shall have been
o each stakeholder, mailed to him y
asst known address.
ARTICLE TX. No subscriber for
hall ever be held liable for the eenr.
aults or debts Of said corporation u
urther sum than the unpaid baiahe
my, due the corporation on the stcci
which he has subscribed; nor shan
ever be held liable for
ontracts, faults or debts in any nl
um than the unpaid balance. If any
he stock owned by him; nor shah
mere informality in organization haw
fleet of rendering this charter ~.
endering any subscriber or stocss
liable beyond the unpaid amount,
due on HIS stock. :.
ARTICLE " This corporation
'aniZed under the laws Of the srr
louisiana, and especially Act No. y
914, and the subscribers hereIo,
themselves and said corporation, az
Is officers, directors and stockhen
ereby accept as part Of this chang
S conditions of said corporation,
lights, powers, privileges and imns
ranted to corporations, and gral
nd conferred nnnn officers. direclon