The herald. [volume] (New Orleans, La.) 1905-1953, 1911-03-16


rights, powers and privileges, as, by the
general laws Of Louisiana are, or may be-
granted TO corporations
ARTICLE H.
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 10 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 ana 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 he
In the City Of New Orleans, Louisiana. and
all citations and other legal process shall be
served on the president Of said corporation,
and in the event OF the absence of both.
upon the secretary Of said corporation.
ARTICLE ".
The capital stock Of said corporation Is
hereby liked at the sum Of three thousand
dollars (S3,OOO;OO) TO be divided into thirty
dred dollars $4,000 per share, which aid
stock shall be full paid and mon -assesss bic
said stock shall be paid for in cash, or In
property, or in work done for, or services
rendered 10, said corporation, as NAV be
decided by the Board OF Directors and upos
such terms, and at such time and 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 Direc.
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 lOI
days previous notice shall be given in q
newspaper published in the civ 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 once
until the fourth Thursday in January next
Following their election, or until their sue
cessors are elected and qualified. failure
20 10 elect directors on the date above speci-
ned 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
nlled by the remaining directors. The on
PRESIDENT, Vice-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
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
iuent' vlee-presldent secretary and treas
urer, who shall continue in office during
the term or the then existing Board of Di-
rectors, or until the successors of such OH
GERS are elected and qualified. Said Board
or Directors shall have full power and AN
thority to borrow money, execute mortgage
issue notes and bonds to pledge the same
and generally to do all things pertinent to,
OF 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 sha
nave power to make and alter, or amend.
suitable bylaws for the government Of said
ARTICLE vi.
Whenever this corporation Is dissolved.
either by limitation or from any Other
cause, Its affairs shall be liquidated BY three
commissioners to be appointed from among
the stockholders at general meeting OF
the stockholders convened for such purpose
OF which meeting thirty days previous no.
tlce snail be given by advertisement in a
newspaper published In the City of, New
orleans. But any such meeting may be
held without any delay and without adver-
tisement and notice, IL all delay and ad-
vertisement and notice OF the proposed
meeting be waived In writing by ali the
sIockholders A majority in amount of
three-fourths of the outstanding stock of
SAID corporation, present or represented at
such meeting, shall be requisite to elect
such commissioners. Such commissioner.
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.
40 ma ~
or vacancies.
ARTICLE VII.
This act Of Incorporation may be changed.
modlhed or altered, or said corporation ma
De dlssolved, with the assent of three
fourths Of the outstanding stock Of said cor |
pordtlon, present or represented at any gen |
eral meeting Of the stockholders convened |
Tor such purpose, after thirty days previous
notice OF such meeting shall have been Civ. |
1 Tn y advertisement In a newspaper pub
Ilsned IN the City of New Orleans. But any
such meeting may be held without any de- |
lay ana without advertisement and notice ~ |
All delay and advertisement and notice of
Sae proposed meeting be waived in writing
by all stockholders.
ARTICLE VIII.
NO stockholder shall ever be held liable
or responsible for the contracts or fault, OF
said corporation in any further sum than
the unpaid balance due on the shares on
stock owned by him, nor shall any mere in |
OrSdulLdtlOn nave the effect of
rendering this charter null. nor Of eInos-
ing stockholder to any liability beyond the
amount due on his stock
ARTICLE TX.
This corporation shall commence business.
as soon as thirty 1907 shares of its stock
nave been subscribed for. The following
named three persons have been named al
and shall constitute, the first Board of Di'
rectors 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 q
" Donnell, with said Mrs. Rebecca Love
hebron as president, said James e. O'Don-
nell as vice-president and said Joseph Love
as secretary and treasurer.
Thus done and signed in my once, In the
CITY OF New Orleans, In the presence of
alexander Bugdahl, Jr., and Byron L. Pond.
have hereunto signed their names with the
sald appearers and me, notary, on the day