The herald., 1922-07-13
CHARTER OF
SIPSEY BARGE AND TOWING

CO. INC.
United States OF America. State Of
Louisiana. Parish Of Orleans, City OF
New Orleans. Re II known that on this
second day Of the month OF June. in the
year OF Onr Lord. one thousand min.
hundred and twenty two. and OF the in.
lea: the one hundred and forty sixth
before me. Selim r. Lemle. Notary
Public: duly commissioned and qualified
in and for this city. parish and state
the witnesses hereinafter named and
undersigned. personally came and ap-
peared the parties whose names are
hereto subscribed. who severally declared
to me- Notary. in the presence OF the
two undersigned competent witnesses
that desiring to avail themselves Of the
provisions Of law of the state OF louis
lana relative to the formation OF corpor-
atiOns. and especially the statute known
as the General Corporation Act Of 1914
and all amendments thereto. and to ac-
cure and enjoy the rights. privileges
and powers Of body corporate and
palitic in law. they do hereby form them
selves into such n corporation and body
polite under the name and style and for
the objects and purposes hereinafter
ARTICLE l. The name and title OF
this corporation shall he Sipsey Barge
and Towing Co. Inc. and it's duration
snail he for term OF ninety nine (9o)
years from date.
poses for which this corporation is
formed are hereby declared to be: The
acquisition by purchase or otherwise
owning. chartering and operating of
steamers and other vessels. tugs. barges.
boats. lighters or other water craft. and
the purchase. owning and holding Of
STICKS. bonds and other securities OF
corporations OF this and other states and
countries: to purchase or otherwise ac- |
quire coal. coke and other merchandise.
and to ship. transport and sell the same /
craft; to assist. salvage and otherwise |
serve stranded or disabled vessels or |
Other water craft and their cargoes TO |
own lease, control and operate eleva-
tors, wharves and landings: to load and |
unload vessels and perform other steve |
doring work: TO dredge with tugs or
machines; deepen channels. and in con-
nection Herewith filling up and reclaim |
ing land; to carry on general freight |
and transportation business: to have a |
common seal; to borrow money and con-
tract debts, and to issue bonds. notes
and debentures. and any other obliga-
tons. and to secure the payment of the
same. or anv Indebtedness contracted bv
mortgage pledge. pawn or otherwise. OF
to own real estate, and to buy and sell
same: to improve and dispose of the
real. personal and mixed property OF tho
company: to acquire by purchase or
lease any and all machinery and neces-
sary apparatus to carry out any or all
or the purposes herein provided for: and
IN general to do and perform the things
herein enumerated. and such other acts
and things in any part of the world. as
the BOARD of Directors NAV deem TO the
advantage OF the cornoration. which n
natural person could do. and which are
NOT inconsistent with law.
The foregoing enumeration Of snecifc
powers shall not he deemed 10 limit or
restrict In any manner the general now
ers or the corporation. and the enjoy
nent and exercise thereof as conferred
by the laws of the state Of Louisiana
upon corporations organized under the
provisions Of the General Corporation
act OF 1914 or the General Assembly Of
the state Of Louisiana. or under any
laws amrndatory thereto which have or
may hereafter be passed.
ARTICLE III. The domicile OF this
shall be in the city Of New
Orleans, parish of Orleans. state OF Lon.
siana. and all citations and other legal
process shall he served upon the Presi-
lent or this corporation. or in case OF
us absence. upon the Vice-President or.
n case OF the absence of both Of these | :
'fhcers. upon the Secretary Treasurer.
ARTICLE ". The capital stock o. /
his corporation is hereby declared 70 ,
oe One Hundred and Twenty Thousand I
,oiiars kl2O'Oo0Oo): which may be in
Ter provided by law. to One Million Dol I
ars WO,OOO.OO). any part Of which in I
rease may he preferred stock. as here q
natter provided. i
'wenty Thousand Dollars S12O 600 OM js v
ivided into twelve hundred GoOM shares t
. One Hundred Dollars (s1O0O0) each. 2
rhich said common stock shall have | 2
Dung mower OF one az vote for each S
hare of stock which vote NAV he cast
y the stakeholder in nerson or nv g
roxy. at all general elections or meet n
ngs or the stockholders. and the afore- q
AID proxy need not be a stockholdpr of =
he corporation. Said capital stock IL TO =
Q paid for In the manner provided by g
In the event Of an Increase of the can 9