777
buildings, piers, wharves or other works necessary
or convenient for the purpose of the Company.
(k) To guarantee the performance of contracts
by members of, or persons having dealings with the
Company.
(l) To raise and borrow money in such manner
as the Company shall think fit, either with or without
security, and in particular, by the issue of
debentures charged upon all or any of the Company's
property (both present and future) including its uncalled
capital.
(m) To sell, exchange, improve, manage, develop,
demise, mortgage, license the use of, or otherwise
deal with, all or any of the lands, ships, vessels, launches,
tug boats, lighters, barges or boats, property, hereditaments,
chattels, effects or premises of the Company.
(n) To demand, take and levy such freight, tolls,
rates and charges as may from time to time be determined
on.
(o) To carry on the business of carriers, shipowners,
wharfingers, ferrymen and launch, tug boat, lighter and
barge owners in all their respective branches.
(p) To do all such things as the Company may
deem incidental or conducive to the attainment of
all or any of the above objects.
(q) To do, transact and carry on all or any
of the aforesaid acts, deeds, matters or things in
any part of the world, either alone or in conjunction
with others, and as principals, agents, contractors
or otherwise and by or through agents or otherwise.
4. The liability of the members is limited.
5. The Capital of the Company is $100,000
divided into One thousand shares of $100 (One hundred) each.
We, the several persons whose names and addresses
are hereto subscribed are desirous of being formed into
a Company in pursuance of this Memorandum of Association,
and we respectively agree to take the number of shares
in the capital of the Company set opposite our respective names.
Names
boat,