The herald., 1922-06-29
CHARTER OF OANACA STEAMSHIP
COMPANY, INC.

CHARTER OF OANACA STEAMSHIP
COMPANY, INC.
| United states of America, state of Louis
| lana Parish of Orleans city of New Ut
leans BE il known. that on this sixteenth
| day of the month of February. in the year
/ of our Lord. one thousand. nine huhdr'd
and twenty-five, and of the Independence
hundred and forty sixth: Before me
Henry l.. Dart. Jr., a notary public dulN
commissioned and qualified. in and Tor
/ 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 hertuhto sun
Scribed, who declared that awaiting them
selves of the provisions of the laws of the
state. relative to the organization of cor,
| porationS. they have cONenanted ana
agreed and do by these presents. covenant
and agree. bind. form and constitute
| themSe as well as such other persons
who may hereafter join or become asso,
ciated with them. into corporation ana
body polite in law. for the objects ana
purposes and under the agreements ana
/ stipulatiOnS following, to-wit:
| ARTICLE The name and style of
this corporation shall be OaXaca Steam
ship Company, Inc, and under this name
| il shall have and enjoy all the rights, adj
| vantagcS and privileges granted by law
| to corporations; IL shall exist for period
to contract, sue and be sued i'll its cor
tporate 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; 10
purchase, acquire and own stocks, bonds
| and securities in other corporations; 10
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 of 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-
tons shall devOlve 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 il 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
pOrtatidA and tOwage of freight and pas
sengers for hire and to engage in a gen
eral transportation business, upon and be-
tween ElIces on rivers, lakes, bays and
other wfters and upon the high seas. to
ports and places in foreign countries, and
carry on a general express business, in
connection with the operation of said yes
sells; to construct purchase, lease. hire or
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 on land. Omnibusses. autOmo-
bileS. trucks, teams and vehicles of every
nature and description for the transpOr
tatiOn 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 ma" from
time to time determine to be necessary
for the business of said company and
generally to do and perform all things
germaine and incident to. OF usual in
the business and affairs hereinabOve all
sthOrized.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum of
five thousand ($5,OO0.O0) dollars. divided
into fifty (5O) shares of the par value of
one hundred CS100.O0) dollars each, which
shares shall be paid for in cash. or in
the purchase or exchange of property. and
the said capital stock may be increased
TO the sum of one hundred and twenty
five thousand (S125,OOO.O0) dollars. All
shares of stock shall be full paid and non
aSSeSsable. No transfer of stock shall be
binding upon the corporation, unless made
upon its books and all certificates of stock
shall be signed by such officers as may
be designated BIZ the board of directors.
All stock in this corporation shall be
held upon condition precedent, and I'M
der contract and agreement in the nature
Of vested rights that all such stock is so
held and possessed subject to the rules
and provisions for the transfer of same
hereinafter set out, tOwit:
On No sale or other transfer of shares
Of stock in this corporation shall be valid
until and unless the opportunity has been
first afforded the shareholders of record
at the date of such transfer, sale or other
alienation, to purchase such stocks at
book value. plus twenty-five per cent. the
value TO be ascertained in the manner
herein prescribed. The right to acquire
said stock hereby first vested in the other
stockholders of record shall follow the
stock into any hands to which it may pass
and may be exercised against the holders
thereof within ninety days from the time
any sale or transfer has been offered to be
eHt'Ieu on the DOohS Oh the tOTpOTdllOn.
1t shall be the duty of any holder of
stock in this corporation who intends or
desires to SELL transfer, ALLEVIATE or other
wise dispose of the same to give ten
days written notice of such intention or
desire to the board of directors of the cor
poratiOn. who are hereby constituted
agents of the other stockholders for the
purpose of such notice, and said board
of directors shall give immediate inform
alton thereof, in writing, to all the other
stockholders of record. Before the eX-
piratiOn of the ten days from the receipt
of said notice by the board Of directors.
any shareholder of record, may offer to
purchase, and may acquire the right to
purchase, said stock by notifying the
board of directors in writing and there
after shall deposit the price of said stock
in cash with the corporation on or before
the expiration of eighty days from the
last mentioned date.
Upon the receipt of the first mentioned
notice. the board of directors shall ad-
wise the person owning said stock, his
agent or representative, to join with said
board in giving the value of said stock,
which value shall be established on the
basis of the last annual or semi-annual
statement or report of the corporation and
the last monthly trial balance preceding
the date Of such notice, and the value
thus found and established shall consti-
tute the book-value of said stock.
II within twenty -four hours after such
notice to the owner, his agent or repre-
sentative, does not join with the board in
establishing the price or value Of the