The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER.


enjoy corporate existence and succession
for a period of ninety nine t3') years
from and after the date of this act. IL
may have, hold, receive, borrow, loan'
exchange. acquire by grant, glft or pur-
chase, devise bcquest, sell, ALLEVIATE
dispose of, convey, lease, pledge, pawn,
hypothecate, cucumber or mortgage prop. |
erty of any kind, whether real personal
or mixed. corporal or incorpOreal NOV
able or immoyable, all subject to such |
limitations as may be prescribed by law. |
1t may make, issue and endorse bonds or
notes and other evidences OF DEBT. IL
may accept mortgages, pledges or other /
forms of security for money loaned or
other debts. II may contract sue ana
be sued. plead or be Implicated ny It's
corporate name in any court Of competent
jurisdiction. II may make, adopt ana /
use n corporate seal, and alter or break
tn" same at .leasurc. 1t may hold stock |
in other corporations, ana us 'apl'.,I
stock may be issued for capital stotA
of other corporations. IL may name
appoint and employ such managers
directors, officers, agents and other EN-
ployrS as It's interests, business ana con
venienCe may require, and may iN thel'
compensation. having due regard 10 lnt
nature, character and value OF their ser
vices 1t may make and establish by
laws rules and regulations not incon-
consistent with this charter or any exist
ing law, fixing or altering the manage
ment of its property. the regulation and
government of its affairs, and the man
ucr of the certifcattOn ana registration
of its stock. Ii may wind up ana diS-
solve itself, or be wound up and dissolved
i'm the manner prescribed bN law. IL
may conduct business i'll this state. other
States, the Federal districts, the Terri
tories and possessions OF the lnlt'd
States. and any foreign country. IL Shd!
have the power to invest Its Board ol
Directors with all of its corporate pow
ers. subject to such restrictions ms may
he named i'm this charter. And II genrT-
ally shall have and possess all the
mowers rights. privileges and immunitics
which corporations are and may here
after be authorized to have and possess
under the Constitution and the laws OF
this State, and particularly under Ac'
No 2i7 of the Acts of the General Assem-
bly, of the State of Louisiana Tor the
wear 1914 and the amendments thereto.
ARTICLE II. The domicilc of this
CORPORATION shall be the city OF New
Orleans. Parish of Orleans, and State>ot
Louisiana and all citations or other legal
process shall be served upon the Fresl-
dent of this corporation; or. i'll cas-" OF
his absence upon the Vice President; ana
in the absence of both of these othcers'
upon the Secretary of this corporation.
ARTICLE III. The objects and pur
poses for which this corporation Is
formed and the nature of The business
TO be carried on by it are hereby dc,
shipping and forwarding business. in
Guiding the receiving. handling SNIP
ping forwarding and Transporting either
by land. water or air. of all KINDS OF
goods. wares and merchandise anu az
classes of freight. either domestic. import
or export; to act rs freight broker anu
| freight and forwarding agent Tor either
domestic or foreign shipments; 10 bug
and sell foreign exchange. either as prih-
cipal or as agent or broker for others :
| to act as agent or broker in the business
| of marine or other insurance. ana eSpe-
| cialIy to act as agent or representative
| of owners or others having or claiming
| to have any interest in merchandise, YES
| soils cargocs, freight or any other subject
/ of insurance; and generally to carry on
any other business which under the INV
| il may be entitled to carry on "nl'n
| NAV seem to the corporation TO ne car.
! cuIated directly or indirectly TO erect
| the aforesaid objects and purposes OF
| either of them, or to facilitate the cor
| poration in the transaction OF us "loic
| said business or businesses, or any par
| thereof or in the transaction OF any otheI
lawful business that may be caIcuiat t
| directly or indirectly to enhance the
| value Of or to render prohtabie any o,
the corporations property or rights ana
| generally to hold and exercise all such
Incidental powers and privileges, and to
do and perform all things as relate 70
the objects and purposes heremaooN'
| set forth or as may be needful, neces
effecting said objects and purposes, oil
either of them.
ARTICLE ". The authorized capita
stock of this corporation Is hereby me-
at and declared to be the sum Oh lei
Thousand Dollars (SlOOOO0ol, whlch cap
ital stock may be increased in the manne
| proyided by law to the sum of Twenty
, five Thousand Dollars (S25OOOOO.
The presently authorized capital stocl
of this corporation shall consist oil on
hundred 600 shares of the par vaIu
of one Hundred Dollars ($lOO.OOl each
Il shall be represented by certificates
shall be full-paid and non -assessaDi
when issued, shall be issued only 10
labor done or for property actually re
ceiyed, or for cash to be paid at sue
/ times and in such amounts and afte
such notice as may be determined by TN
/ Board of Directors, and shall be persons
property No transfer of said capita
4 stock shall be binding upon this corpol
. alton unless made in accordance Win ~
= charter and bylaws, and recorded on III
books thereof.
ARTICLE e. An the corporate power
of this corporation shall be vested 10
{ and exercised by a board OF three Y
: directors. each of whom shall hold In ~
own name at least one Q share OF u
: stock of this corporation. Sald b0aru
!, Directors shall be elected annuaiiy
y the first legal day of January OF eac
: wear. beginning with 1923. All such ele'
e lions shall be by ballot at the oinee {
b this corporation, under the SUPERVISE
II | of two commissioners TO De appointeu
: | the Board OF Dlreclois' anu
d absence of any commissioner the fres
dent shall have the power to NIL the pIa'
: by appointment. OF all such eiection
Q as we'll as of all meetings Of stockholder
C except for the purpose OF hqulda.lon +,
J; dissolution or as otherwise required U
70 law. fifteen days notice shall be give
&c by mailing to each stockholder WI
appears as such on the books OF IN
'e CORPORATION at his last designated ~
3 dress or care of general delivery at Ne
y Orleans IL he has not designated an az
r dress. a notice stating the time and pia
d of the meeting. Each shareholder sha
> be entitled to one vote for each share
lie stock standing in his name on the bool
of this corporation, to be cast In pers'
IN or by proxy, and a majority OF the vol
Y, cast shall elect Failure to elect dire
T. tors on the day above specified shall n
pr dissolve this corporation, but the DIRE
t. tors then in office shall remain In ON
rs until their successors are elected III
Y, qualified. Due notice Of another electl'
shall forthwith be given as above pr
TX yided for, and such notices OF electi'
shall be continued to be given until
election is had.
ARTICLE VI. AT Its hrst meetil
each Board of Directors shall elect fro
its membership a President and Urea
urer and A. VicePresident; 1t shaii al
t appoint a Secretary, who need not, b
IS NAV be either stakeholder or direct'
Id and shall from time to time, as IL sc
l. fit, appoint or employ such other e.
~ ployes as 1t shall deem necessary.
10 Board of Directors shall have full pow
and authority to fix the salaries OF
officers and Of all such other employ
rs it may deem necessary, and make a
establish, as well as to alter and anne