The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER OF OAXACA STEAMSHIP
COMPANY INC

CHARTER OF OAXACA STEAMSHIP
COMPANY, INC.
United States OF America, State of Louis
lana, Parish of Orleans. City of New Or
leans. Re it known, that on this sixteenth
day of the month of February, in the year
of our Lord. one thousand. nine hundred
and twenty-five. and of the Independence
of the United States of America, the one
hundred and forty sixth: Before me.
Henry p. Dart, Jr., a notary public duly
commissioned and qualified. in and for
this city and the Parish of Orleans, there
in residing, and in the presence of the wit
nesses hereinafter named and under
signed personally came and appeared the
persons whose names are hereunto sub
scribed, who declared that availng them
selves of the provisions of the laws of the
state. relative to the organization of cor
poratiOns, 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 hereafter join or become assO-
ciated 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 The name and style of
this corporation shall be Oaxaca Steam
ship Company, Inc, and under this name
it shall have and enjoy all the rights. ad-
vantages and privileges granted by law
to corporations; il shall exist for a period
OF ninety-nine years, it shall have power
porate name; to make and use a corporate
seal. and the same to break or alter at
pleasure; to hold, receive, purchase con-
yey, 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.
officers, agents and other employees, as
the interests and convenience Of said cor
poration may require; and to make and
establish such bylaws, rules and regu-
lations for the corporate management and
control or the affairs of said corporation.
as may be deemed necessary and expe-
dent.
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 in
ability to act as such. his duties and func-
tions shall deyOlve upon, and be fulfilled
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 gen
eral transportation business, upon and be-
tween places on rivers, lakes, bays and
other waters and upon the high seas to
ports and places in foreign countries, and
carry on general express business, in
with the operation of said YES
sells; to construct purchase, lease, hire or
otherwise acquire warehouses landing
w har thnr
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
ana 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
puIehase, hire, lease or otherwise acquire
ana operate on land, 0mnibuSses autOmo-
0iles, trucks, teams and vehicles of every
nature and description for the transpor-
tatlon 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
generally to do and perform all things
germalne and incident to, or usual in
the business and affairs hereinaboye au-
thorized.
ARTICLE IV-The capital stock of this |
corporation is hereby fixed at the sum of
i've thousand t$5,OOOOW dollars. divided
'ne hundred (s1OO.OO) dollars each, which |
shares shall be paid for in cash, or in |
he purchase or exchange of property, and |
me said capital stock may be increased |
o the sum of one hundred and twenty
five thousand (s125, OOOOO) dollars. All |
shares Of stock shall be full paid and non
issessable. No transfer of stock shall be |
binding upon the corporation, unless made |
lpon its books and all certificates of stock
,nall off
De designated BIZ the board of directors |
All stock In this corporation shall be
leld upon condition precedent, and un-
Ter contract and agreement in the nature |
II vested rights that all such stock is so |
leld and possessed subject to the rules
md provisions for the transfer of same
hereinafter set out, towit:
IN No sale or other transfer of shares
II stock In this corporation shall be valid
Until and unless the opportunity has been
irst afforded the shareholders of record
I the date Of such transfer, sale or other
henatlon, to purchase such stocks at
'ook value, plus twenty-five per cent the
'alue to be ascertained in the manner
lerein prescribed. The right TO acquire
AID stock hereby first vested in the other
tockholders of record shall follow the
toek into any hands to which 1t may pass
ma may De exercised against the holders
nereof within ninety days from the time
ny sale or transfer has been offered to be
ntered on the books of the corporation.
1t shall be the duty Of any holder of
took In this corporation who intends or
esires to sell, transfer, ALLEVIATE or other
use dispose of the same to give ten
avs written notice Of such intention or
eslre to the board of directors of the cor
Grafton, who are hereby constituted
gents OF the other stockholders for the
urpose Of such notice. and said board
directors shall give immediate inform
ton thereof, in writing, to all the other
tockholders of record. Before the ex-
ration of the ten days from the receipt
said notice by the board Of directors,
ny shareholder Of record, may offer to
urchase, and may acquire the right 70