The herald., 1911-03-02


terests and convenience may require, and to
have, possess and acquire all such other
rights, powers and privileges, as, by the
general laws Of louisiana are, or may be,
granted to corporations.
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; TO 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 to
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 corporation
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
doiisrs (s3,OoO.OO) to be divided into thirty
l3Ol shares of the par value Of one hun
dred dollars (SlOO.00) per share which said
stock shall be full paid and non assessa bic
said stock shall be paid for in cash, or in
property or In work done for, or services
rendered TO, said corporation, as NAV be
decided by the Board OF Directors, and upon
such terms, and at such time, AID in such
manner, as may be fixed by the Board of
Directors
ARTICLE V.
All 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
be BY ballot. OF such elections ten CIO1
days previous notice shall be given in a
newspaper published in the Civ OF New
orleans, State Of Louisiana. ma iority OF
the votes cast shall elect, and each share
or stock shall be entitled TO one vote 10 he
cast oy the owner either in person or by
proxy. All directors shall continue in Office
until the fourth Thursday In January pext
Following their election, or until their sue
cessors are elected and qualified. failure
20 eieet directors on the date above speci-
ned shall not dissolve the corporation, but
IN sucn event, the existing Board of Direc-
tors may cause another election to he 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 he
nIled by the remaining directors The OH
GERS OF this corporation shall consist of a
President, Eice-President Secretary and
treasurer, but the offices OF Secretary and
treasurer may be filled by one and the
same person. A majority OF directors shall
business. The Board Of Directors, at their
nrst meeting following such annual cleo
ton, shall elect from their number a pres-
luent, vlce-president, secretary and treas
linn in,
the term Of the then existing Board of Df
rectors, or until the successors of such Off
GERS are elected and qualified. Said Board
oL directors shall have full power and au-
,norlty 10 borrow money, execute mortgages
issue notes and bonds to pledge the same
ana generally to do all things pertinent to-
or necessary for, the objects and purposes
Oh SAID corporation, or which are, or may
De, permitted by the laws applicable to cor
poratlons. 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,
cause, its affairs shall be liQuidated nv three
commissioners to be appointed from among
the stockholders at general meeting of
the stockholders convened for such purpose.
tice shall be given by advertisement in a
newspaper published in the City of New
Orleans. But any such meeting NAV he
neld without any delay and without adver-
vertisement and notice of the proposed
meeting be waived In writing by ali the
stockholders majority in amount of
tnree-fourths of the outstanding stock of
sald corporation, present or represented at
such meeting, shall be requisite to elect
sucm commissioners. Such commissioners
snail remain In Office until the affairs of
SAID corporation shall have been fully set
10 fAA 80 l..
cause, vacancy or vacancies occur among
said commissioners, the remaining commits.
sioner or commissioners may fill the vacancy
ARTICLE VII.
This act Of Incorporation NAV be changed |
~ modlned, or altered, or said corporation may
be dissolved, with the assent of three |
fourths of the outstanding stock Of said cor |
poratlon, present or represented at any gen.
eral meeting Of the stockholders convened
lor such purpose, after thirty days previous
notice 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 LAY ana without advertisement and notice, II |
all delay and advertisement and notice OF
the proposed meeting be waived in writing
by all stockholders.
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
stock owned by him, nor shall any mere in
formality in organization have the effect OF
this charter null, nor of expos-
ing stockholder to any liability beyond the
amount due on his stock.
ARTICLE TX.
This corporation shall commence business,
as soon as thirty 800 shares of its stock
have been subscribed for. The following
named three persons have been named as,
and shall constitute, the first Board of hi,
reetors OF said corporation and shall serve
as such until the fourth Thursday of Jan
uary, 1912, or until their successors are
elected and qualified, to-wit: Mrs. Rebecca
Love Hebron, Joseph Love and James D. |
" Donnell, with said Mrs. Rebecca Love
Henron as president, said James E. O'Don-
neil as vice-president and said Joseph Love
as secretary and treasurer.
Thus done and signed In my ONCE, in the
lily OF New Orleans, In the presence of |
alexander Bugdahl, Jr., and Byron L. Pond.
competent witnesses. both Of this city. who
nave hereunto signed their names with the
said appearers and me, notary, on the day
and date first above written.
N( C..k-