The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-14
CHARTER.


they have covenanted and agreed and do
by these presents, covenant and agree,
bind, form and constitute themselves, as
well as such other persons who may here
after join or become associated with
them. into a corporation and body polite
in law, for the objects and purposes, and
under the agreements and stipulations
following, to-wit:
ARTICLE 1.-The name and style OF
this corporation shall be Delta Stevedor-
ing Company, Inc, and under this name
II shall have and enjoy all the rights, ad-
vantages and privileges granted by law
to corporations; Ii shall exist for period
of ninety nine years, it shall have power
to contract, sue and be sued in its cor
porate name; to make and use 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 convenience of said corpora
ton may require; and to make and es-
tablish such bylaws, rules and regula-
tons fer the corporate management and
control of the affairs of said corporation,
as may be deemed necessary and eHpe-
dent.
ARTICLE 1.-THE domicile of the said
corporation shall be in the City of New
Orleans, Parish of Orleans, State or
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 ful-
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 il 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 or every
kind 20 load and unload freight cars and
other vehicles of transportation; to mt up
and equip vessels for the carrying OF
grain. cattle and other cargo; to acquire.
own, maintain. operate lease and dispose
of trucks. derricks. hosting machinery,
donkey engines, draft animals, apparatus.
and all kinds of appliances necessary,
| useful convenient to the proper trans.
action of the business of stevedores ana
longshoremen: and generally to do and
perform all things germane and incidental
| 20 or usual in the business and affairs
| hereinabove authorized.
ARTICLE Iv-The capital stock OF this
corporation is hereby fixed at the sum OF
ten thousand (s100OO.00) dollars. divided
1
value of one hundred (S100.00) dollars
each, which shares shall be paid for iI
cash, or in the purchase or exchange OF
property, and the said capital stock may
| be increased to the sum of one hundred
| thousand (s1OOOO0O 0) dollars. All shares
of stock shall be full paid and non-asses
sable. No transfer of stock shall be bind
ing upon the corporation. unless made
upon its books and all certificates of stocE
| shall he signed by such officers as may bt
i designated by the board of directors.
i ARTICLE V-All the corporate powers
Of this corporation and the management
i and control Of its affairs, including thu
power TO sell. transfer. pledge or dispos'
| OF all or any part of the assets Of thu
i corporation, shall be vested in, and exer
cised by board of directors COMPOSED
OF three (3) stockholders, a majority o
which shall constitute a quorum for tn
transaction of all business. The director
shall be elected annually by the stock
holders. at a meeting to be held on tn
Il first Monday after the first Sunday of eacf
year in the month of January, said meet
ing to be preceded by three days WRITER
notice to the stockholders. Each stock
holder shall be entitled, in person or b!
by him. and all elections shall be hell
under such rules and regulations as ma!
he determined by the board of directors
The directors, when elected, shall con
their successors have been duly elected
and have qualified. No failure to cleo
shall operate the forfeiture of this char
ter. Any vacancy occurring On thl
, board shall be filed by the remaining di
rectors for the unexpired term. The boar
. OF directors shall, at its first meetin
, after its election, select out Of its mum
!, her, n president and one or more vice
, presidents, and shall also elect a secre
! tary treasure who need not. however. b
a member OF the board. The presiden
, shall have the right to appoint and dis
miss the clerks. and other employees
said corporation at pleasure, and as tn
? interest and business of the same may dc
] mand. He may exercise this authority b
e proxy. Any director being sick or at
sent or about to absent himself sha
: have the right to appoint by written II
to act as his proxy in his stead at any an
all meetings of the said board of diret
D tors during his absence. The first boar
Of directors and officers shall be compose
Of the following named persons, WI
: shall serve until the election to be hel
I in 1923. namely: T. J. Cunningham
: president; George Westfeldt, vice-pres
dent: N. o. Frederick. secretary treasure
ARTICLE vI-The funds of this corp,
): ration shall be deposited from time
Il time in a bank or banks to be selected b
!; the board Of directors. All checks, note
i or other instruments drawn. executed
issued. in the corporations name and b.
the vice-president and the secretar.
;. treasurer. No officer shall thus sign or 81
dorse the name Of the corporation sa'
strictly in it's concern.
ARTICLE Vino stakeholder shall
!, held liable or responsible for contract
!: faults or debts Of the corporation, N
y shall any mere informalty in its organ
q zation have the effect Of rendering tn
d charter null or Of exposing any st0c
> holder to liability beyond the unpaid ba
l. ance due on the shares owned by him.
5 ARTICLE vIII-This act Of incorpor
70 ton may be changed, modified, or altere
or this corporation may be dissolve
= with the consent Of the stockholders ow
!, ing two-thirds Of ali the stock of this CO
- poration, at a general meeting convene
. for that purpose. and after at least thr
= days written notice Of this meeting shs
- to each stakeholder at his last know
!" place Of residence. In case of dissol
y ton by the expiration of this charter.
= otherwise, the stockholders shall elect
:. liuuidator from among their own null
y her, who shall have full authority to Sc
= tie and wind up the business and Anal
n of the company. The terms and como
! tions of, and the compensation for su
!, services, shall be fixed at the time .
10 election. In case OF the death or di
= ability Of said commissioner or liquidat
Is before the liquidation Of the affairs Of {
I corporation, the successor to fill the Y
cancy may be appointed by the stoc
i, holders.
20 ARTICLE IX-Any and all notices Al
n delays provided for by this charter ma
4 be waived by the unanimous consent
N the stockholders or directors unless G
" pressly prohibited by law.
4 ARTICLE x-The names and postoffi
4 -