The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-30

(SeaD.
Feb. 23-Mch so.
| CHARTER OF RAJAH STEAMSHIP
COMPANY, INC.
United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans, Be 1t known, that on this first 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 hun
dred and forty sixth; before me, Henry
Il. Dart, Jr., a notary public, duly COM
missioned and qualified: in and for this
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, ayailing 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 a corporation and body
polite in law, for the objects and pur-
poses. and under the agreements and slip
ulatiOns following, to-wit:
| ARTICLE 1.-The name and style of fhis
| corporation shall be Rajah Steams chip
| Company, Inc, and under this name 1t
shall have and enjoy all the rights, ad-
L
corporations; it shall exist for a period
of ninety, nine years; it shall have power
TO contract, sue and be sued in its cor
porate name; to make and use a 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
| hcers, 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-
| tons for the corporate management and
| control of the affairs of said corporation,
as may be deemed necessary and ex-
| pedient.
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
! inability to act as such, his duties and
functions shall devolve upon, and be full
/ 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 1t are hereby declared
| to be-: To construct, purchase, charter,
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 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
docks. suitable for handling and repair
| ing vessels, and to build and repair ves-
sells of every description; to construct,
purchase, hire, lease or otherwise acquire
and operate on land omnibusses, aut0mo-
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
points as the board of directors may from
| time to time determine to be necessary for
| the business Of said company and gener-
ally to do and perform all things germane
and incidental to, or usual in, the bust
| ness and affairs hereinabove authorized.
ARTICLE Iv-The capital stock Of this
corporation is hereby fixed at the sum of
forty five thousand (s45. 0O0O0) dollars. di-
vided into four hundred fifty shares of the
| par value of one hundred (s1O0) 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
TWENTY-FIVE thousand dollars. All shares
| Of stock shall be fell paid and non-assess-
| able. No transfer of stock shall be bind
| ing upon the corporation unless made
| upon its books and all certificates Of stock
shall be signed by such officers as may
be designated by 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
or 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, to-wit:
az No sale or other transfer of shares
| OF stock In this corporation shall be valid
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 II may pass
| thereof within ninety days from the time
any sale or transfer has been offered to
be entered on the books Of the corpora
! ton.
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
writer notice Of such intention or desire
to the board Of directors Of the corpora
ton. who are hereby constituted agents
OF the other stockholders for the purpose
Of such notice, and said board Of direc-
tors shall give immediate information
thereof. in writing. to all the other stock
holders OF record Before the expiration
OF the ten days from the receipt of said no
tfce by the board of directors, any share
holder Of record, may offer to purchase.
and may acquire the right to purchase.
said stock by notifying the board OF di.
rectors In writing and thereafter shall de-
post the price of said stock in cash with
the corporation on or before the expira-
ton of eighty days from the last men
toned date.
Upon the receipt Of the first mentioned
notice, the board of directors shall advise
a..