The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
CHARTER OF RAJAH STEAMSHIP
COMPANY INC,


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 it known. that on this first day
of the month of February, in the year OF
our Lord one thousand. nine hundred ana
twenty-five. and of the Independence OF
the United States of America. the one hun
dred and forty sixth; before me. Henry
=. Dart. Jr, notary public, duly com
misSioned and qualified, in and for TINS
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
tons. they have covenanted 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 corporation and body
polite in law, for the objects and pur-
poses. and under the agreements and stip-
ulations following, to-wit:
ARTICLE THE name and style of this
corporation shall be Rajah Steamship
Company, Inc. and under this name 1t
shall have and enjoy all the rights, ad-
vantages and privileges granted by law to
corporations; il shall exist for period
of ninety nine years; ii shall have power
to contract sue and be sued in its cor
pOrate name; to make an l 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 conveniences of said cor
poration may require: and to make and
! establish such bylaws, rules and regula-
| tiOns for the corporate management and
control of the affairs of said corporation,
as may be deemed necessary and eX-
| pedient.
| ARTICLE 1.-THE domcile 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
| inability TO act as such. his duties and
| functions shall devolve upon, and be ful-
| filed 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 OF
| 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 en- land. omnibusses. automo-
biles. 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 othel
points as the board of directors may from
time to time determine to be necessary fol
the business of said company and gener'
ally to do and perform all things germans
and incidental to, or usual in. the bust
ness and affairs hereinaboye authorized
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum o.
forty-five thousand (S45OOO.00) dollars. di
vided into four hundred fifty shares of th'
par value of one hundred (S100) dollars
each, which shares shall be paid for IL
cash or in the purchase or exchange o.
; 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 non-assess
able. No transfer of stock shall be bind
ing upon the corporation unless mad,
Ill Nf NNal
shall be signed by such officers as ma!
be designated by the board OF directors;
All stock in this corporation shall d.
held upon condition precedent and un
of vested rights that all such stock is 81
held and possessed subject to the rule
, and provisions for the transfer of sam
hereinafter set out, to-wit:
| IN No sale or other transfer of share
,, of stock in this corporation shall be vali'
until and unless the opportunity has beef
, first afforded the shareholders of recor'
at the date of such transfer, sale or othe
: alienation. to purchase such stocks
. book value plus twenty-five per cent, tn
value to be ascertained in the manne
, herein prescribed. The right to acquir
said stock hereby first vested in the Othe
stockholders Of record shall follow tn
stock into any hands to which 1t may pas
and may be exercised against the holder
thereof within ninety days from the tim
any sale or transfer has been offered Z
De entered on the DOOhs Ol the toApoio
ton.
1t shall be the duty Of any holder o
; stock in this corporation who intends o
! desires to sell, transfer, ALLEVIATE or Other
wise dispose Of the same to give ten days
, written notice of such intention or desir
: to the board Of directors OF the corpora
: ton who are hereby constituted agent
! of the other stockholders for the purpos
! of such notice, and said board Of diret
tors shall give immediate informatio
thereof, in writing, to all the other stock
holders of record. Before the expiratio
, of the ten days from the receipt OF said no
: tice by the board Of directors, any share
= holder of record, may offer to purchase
! and may acquire the right to purchas,
!, said stock by notifying the board of d
rectors in writing and thereafter shall dc
: = post the price Of said stock in cash wit
. the corporation on or before the expira
ton of eighty days from the last men
: TONED date.
: Upon the receipt of the first mentione
. notice, the board Of directors shall advis
3 the person owning said stock, his agent o
: | representative, to Join with said board i