The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
THE HERALD, ALGIERS, LOUISIANA
CHARTER.

dent of said corporation; or, i'll their
absence. upon its Secretary.
ARTICLE Ill The objects and pur.
poses of this corporation and the nature
are hereby declared to be: To do gen
eral shipping business; to act as snip
agents and brokers, to buy, own, sell
hire charter. control. construct. DulIu' re
pair and alter. maintain aud operate
boats ships, bargeS or any other water
craft whatever: TO carry and convey pas
senScrS, goods, wares and merchandise
or other property or commodity OF thlH
corporation, or all others Tor proHt, anu
to charge and collect compensation thcrc-
for: TO act as agents and stevcdOres Tor
ships and other water craft, or the own
erS. masters, CharterrrS or SuD-charter"rN
thereof; To load and unload shlpS or o'htI
water craft. railroad cars, drdNS anu
other vehicles for itself and others for
profit and to charge and collect compch-
SatiOn therefor; To buy, sell, hlre OF
transfer commodities OF al klhdS'
and 10 act rs agents for the owners
of merchandise of every description;
10 act as custom brokers; I" en-
gage in the insurance management ana
insurance agency business; with the
rights and power TO do any and all Things
necessary or connected with or in any
manner incidental or complementary 10
the bjects and purposes herein set iorth:
ARTICLE ". The capital stock OF
this corporation is hereby hNcd at the
tS2J 900. OO). TO be divided into and rep
resented by two hundred and hity Cow
shares, in the sum of One Hundred Dol,
lars $1,000 each; said stock shall De pald
for in cash.
The capital stock of this corporation
may be increased to the SUN OF TWO
Hundred and Fifty Thousand Dollars
$3.50, 100.
This corporation shall commence doing
business and be going concern at ence
ARTICLE V. All the corporate powers
of said corporation shall be exercised d!
Board of Directors consisting OF not
less than three and not more than hve
stockholders, majority of whom shall
constitute quorum for the transaction
of business. The Board of Directors SHAH
/ elect annually from their number res
idpnt and may elect one or more Vice
/ Presidents: they shall also elect Il
Treasurer and Il Secretary, which two
latter offices may be filled by one per.
son, and which person or persons need
not be a stakeholder in this corporation.
The first Board of Directors shall con
Sist of three stockholders, and shall be
composed of William III. osborn, Wilhelm
Reimann and Hans Feveile. with William
III. Osborn as President and Hans FeNelle
/ a. Secretary Treasurer.
! The postoffice addresses of said direc-
1 tors are follows:
! William IL. Osborn, Hibernia Bank
/ Building, New Orleans, La.
Wilhelm Rcimann, - Whitehall street,
| New York, y. \.
Hans Feyeile, - Whitehall Street, New
/ York, y. y.
These directors and officers shall serve
until the first Tuesday in February, 1923'
/ or until their successors have been duly
! elected and qualified.
I The annual meeting of stockholders
/ for the election of directors shall be held
/ on the first Tuesday in February, of each
/ year, unless said day be legal holiday,
| and then on the next bank day there
after. Each subscriber hereto sets after
/ his name his pOstofnce address ana a
! statement of the number of shares OF
/ stock which he agrees to take in the cor
pOratiOn. At all elections every stock
| holder shall be entitled TO one vote for
each share of stock standing in his name
/ on the books of the corporation, TO De
cast in person or by his written proxy.
| y ma jority of the votes cast shall elect
| ARTICLE VI In the event of the Hqui-
datiOn or dissolution of this corporation.
| the stockholders shall elect two Hquida-
| tors from among their number at meet
| ing convened for that purpose, after ten
| days written notice sent TO eacn STOCK
| holder by mail to his last known ad-
dress: said liquidators shall have the
| authority to wind up the business and
/ affairs of this corporation.
in case of death of either of said liqui-
datOrs, the survivor shall appoint stock
| holder successor TO him.
| ARTICLE VII. No stakeholder in this
| corporation can ever sell the stock owned
| by him in this corporation, or any part
thereof, without first Offering the same
| in writing. to the other stockholders,
| through the Board of Directors. at its
| then book value, who will have the first
option to purchase the same.
! ARTICLE VIII. This charter may be
| modified changed or altered, or said
corporation may be dissolved, with the
| assent of stockholders owning three
| fourths of the entire capital stock, at a
| general meeting of the stockholders, CON
vened for that purpose, after fifteen tlo)
days written notice shall have been given
| to each stakeholder, mailed to him at his
! last known address.
! ARTICLE IN. No subscriber for stock
| shall ever be held liable for the contracts,
| faults or debts of said corporation in any
| further sum than the unpaid balance, II
| any, due the corporation on the stock Tor
| which he has subscribed; nor shall any
| stakeholder ever be held liable for such
| contracts faults or debts in any further
| sum than the unpaid balance. If any, on
| the stock owned by him; nor shall any
mere informality in organization have the
| effect of rendering this charter null or
| rendering any subscriber or stakeholder
| liable beyond the unpaid amount, II any.
remaining due on his stock.
ARTICLE y. This corporation is or
| ganized under the laws of the State of
! Louisiana. and especially Act No. 267 of
| 1914 and the subscribers hereto, for
themselves and said corporation, and for
| its officers, directors and stockholders
| hereby accept as part of this charter and
/
rights, powers, privileges and immunities
granted to corporations. and granted to
and conferred upon officers. directors and
| stockholders of corporations by said laws
| and said act; such acceptances being as
| full, complete and binding as IL said
rights, powers, privileges and immunities
were set forth at full length in this in
/ strument.
| Thus done and passed in my Notarial
| Office in the City of New Orleans, afore-
| said, in the presence of Geo. III. Terri
berry and Holger @. KOhnke. competent
witnesses of lawful age and residing In
| this city. who hereunto subscribe their
| Names together with said parties and me,
Notary. on the day and date set forth In
| the caption hereof.
| Original Signed)
! names of subscribers omitted)
| Witnesses:
| GEO. III. TERRIBERRY,
| HOLGER G. KOHNKE. .
| w. W. YOUNG.
n..l. La