The herald. [volume] (New Orleans, La.) 1905-1953, 1911-02-23
ARTICLE II.

ARTICLE ii.
The objects and purposes for which said
corporation is established and the nature of
the business TO be carried on by il are de-
clared to be to engage in the business of
buying and selling coal and coke, wood and
all kinds OF fuel, as principal or on com
mission to carry on general coal and
coke and wood business; 10 carry on the
business OF drayage of coal and coke and
other commodities, and to do any act or
thing that may be necessary or proper TO
promote and further the interests and 10
accomplish the objects, and to carry on the
business OF said corporation.
ARTICLE III.
The domicile OF said corporation shall be
in the City Of New Orleans, Louisiana, and
all citations and other legal process shall be
served on the president Of said corpora ton,
or In his absence upon the vice president,
and in the event OF the absence of BOTH
upon the secretary Of said corporation.
ARTICLE ".
The capital stock Of said corporation is
hereby fixed at the sum of three thousand
dollars (S3,OOO.0O) to be divided into thirty
l3OD shares of the par value Of one hun
dred dollars (S1OO.OOJ per share, which said
stock shall be full paid and worcestershire
Said stock shall be paid for in cash. or in
property, or in work done for, or services
decided by the Board OF Directors, and upon
such terms. and at such time, and in such
manner, as may be fixed by the Board of
Directors.
ARTICLE v.
Ali the corporate powers Of said corpor-
alton shall be vested in a Board of Dfrec.
Tors composed Of three stockholders TO be
elected at an annual meeting OF the stock.
holders to be held on the fourth Thursday OF
January each year. All such election shall
De by ballot. OF such elections ten (1O)
days previous notice shall be given in a
newspaper published in the City Of New
Orleans, State Of Louisiana. A majority OF
the votes cast shall elect, and each share
or stock shall be entitled to one vote to be
cast by the owner either in person or by
proxy. All directors shall continue in office
until the fourth Thursday in January next
following their election, or until their sue
cessors are elected and qualified. A failure
10 elect directors on the date above speci-
| fed shall not dissolve the corporation. but
| In such event, the existing Board of Direc-
tors may cause another election to be held
at any time thereafter, whereof ten DAYS
previous notice shall be given in a news
| paper published in the City of New Orleans
Vacancies occurring in said Board of Direc-
| Tors, from any cause whatever, shall be
nlied by the remaining directors. The Off
GERS OF this corporation shall consist of a
| PRESIDENT, Nice-President, Secretary and
| Treasurer, but the offices Of Secretary and
Treasurer may be filed by one and the
/ -
| constitute quorum for the transaction Of
| business. The Board of Directors, at their
| nrst meeting following such annual cleo
| ton, shall elect from their number a pres
| ldent, vlce-president, a secretary and a treas
| urer. who shall continue in office during
| the term Of the then existing Board of hi.
| rectors, or until the successors of such Off
GERS are elected and qualified. Said Board
OF directors shall have full power and au-
thOrity TO borrow money, execute mortgages.
issue notes and bonds, to pledge the same,
and generally TO do all things pertinent to,
or necessary for, the objects and purposes
| OF said corporation, or which are. or NAV
| be, permitted by the laws applicable TO cor
porations Said Board of Directors shall
nave power to make and alter, or amend.
suitable bylaws for the government of said
corporation.
| ARTICLE VI.
Whenever this corporation Is dissolved.
either by limitation or from any other
cause, its affairs shall be iQuidated by three
commissioners to be appointed from among
the stockholders at a general meeting of
the stockholders convened for such purpose.
OF which meeting thirty days previous no
tlce shall be given by advertisement in a
newspaper published in the City of New
orleans. But any such meeting NAV be
held without ANY delay and without adver-
tisement and notice, IL all delay and ad.
yertlsement and notice of the proposed
n meetlng De waived In writing by all the
stockholders. majority in amount of
| three-fourths of the outstanding stock of
said corporation, present or represented. at
such meeting, shall be requisite to elect
shall remain in Office until the affairs OF
said corporation shall have been fully set
tied and liquidated; and in case, from any
cause, vacancy or vacancies occur among
SAID commissioners, the remaining commits
sloner or commissioners may I'LL the vacancy
or vacancies.
ARTICLE VII.
This act Of Incorporation NAV be changed
nyodiied, or altered, or said CORPORATION ma y
- dissolved, with the assent of three.
Iourtns or the outstanding stock of said cor
poration, present or represented at any gen.
eral meeting of the stockholders convened
1or such purpose, after thirty days previous
nouee OF such meeting shall have been Civ
en- by advertisement in a newspaper pub
lished in the City of New Orleans. But any
such meeting may be held without any de.
Jay and without advertisement and notice, II
all delay and advertisement and notice al
the proposed meeting be waived in WRITING
by all stockholders.
Il ARTICLE VIII.
No stakeholder shall ever be held liable
or responsible for the contracts or faults OF
said corporation In any further sum than
the unpaid balance due on the shares OF
formality In organization have the effect OF
rendering this charter NULL nor of exnos
Ing stakeholder to any liability beyond the
amount due on his stock.
II ARTICLE TX.
; This corporation shall commence bushes.
as soon as thirty 1901 shares of its stocb
nave been subscribed for. The following
; named three persons have been named as
and shall constitute, the first Board of Di
rectors or said corporation and shall serve
, as such until the fourth Thursday of Jan
uary, lSl2, or until their successors are
elected and qualified, to-wit: Mrs. Rebeccs
Love Hebron, Joseph Love and James f
} UDonnell, with said Mrs. Rebecca Love
Henron as president, said James e. O'Don
as secretary and treasurer.
Thus done and signed in my ONCE. in tn,
city OF New Orleans, In the presence o.
alexander Bugdahl, Jr, and Byron L. Pond
competent witnesses both of this civ VIII,
have hereunto signed their names with En-,