The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-31

have and enjoy succession for period o
ninety nine years from this date
| ARTICLE II.
The domicile of this corporation shall b.
In the city OF New Orleans, and all citation
and other legal process shall be served OF
the president, or in his absence on the vice
| president, or In the absence Of both upor
the secretary treasurer
ARTICLE Ill
The objects for which this corporation I,
organized and the nature Of the business {,
be carried on by 1t are declared TO be the
following: to do a general wholesale ant
retaii coal coke and pigiron business IN
the city of New Orleans, or elsewhere: tC
buy and TO sell and deal in coal. coke anG
pig-iron and all and every kind of commo
dity generally handled by wholesale and re-
tail coal and coke dealers, and to carry on
Such other businesses generally incident I,
or connected with said wholesale or retail
coal business.
ARTICLE ".
The capital stock of this corporation IS
hereby hNed at the sum of twenty thousand
dollars, divided into and represented by two
hundred shares of the par value Of one hun.
dred dollars each which stock shall he paid
for when called for by the board of direc-
tors OF the corporation. and NAV be issued
Tor cash, or in payment of property re-
ceived by the corporation, or services rem
dered II. No stakeholder shall dispose of
his stock without first offering same to the
corporation at It's book value, and the cor.
poration shall have ten days within which
to accept or decline said offer. All stock
transfers 10 be valid must be made on the
books OF the company.
ARTICLE V.
All corporate powers shall he vested in a
board of directors to be composed of three
stockholders, two Of whom shall constitute
a quorum for the transaction OF business and
until otherwise provided by amendment TO
this charter the board of directors shall con
Sist of Benjamin Claassen, Jr. BENJAMIN
CiaaSsen, Sr., and Charles y. Chavigny,
with benjamin Claassen. Jr, president
benjamin ClaasSen, Sr., president. and
charles " Chavigny, secretary-treasurer. In
the event of death or resignation OF one or
more of said board or officers. the remain
Ing members or member of the board shall
supply the vacancy or vacancies. There
shall be a president, a vlce-preSident, a see.
rotary and treasurer. which latter offices
may he held by one and the same person.
ARTICLE VI.
The corporation may buy, lease. mortgage
or sell real estate as occasion may require
during the course of the business hereina-
bOve provided In Article III, and all such
transactions shall be effected by the board
of directors then in office. The corporation
may be dissolved by twO-third vote of it's
stockholders, or by limitation Of its charter
and such liquidation shall be conducted by
the board then in office.
ARTICLE VII
No stakeholder shall be held liable or re-
Sponsible for the contracts or faults of the
corporation in any further sum than the
unpaid GlanCe due the corporation on the
shares of stock subscribed for by him nor
shall any mere infOrmaity in organization
have the effect of rendering this charter
null, or exposing a stakeholder TO any liza
bility beyond the unpaid balance, if any,
of his stock. This act of Incorporation may
be amended in the manner provided by law,
or Its capital stock changed as provided by
law.
Thus done and passed, In my office at the
city Of New Orleans on the day, month and
year herein first above written, in the pres
ence of Louis A. Hubert and Lamar c. Quin-
tero, competent witnesses. who have signed
their names, together with the said appear
ers and me, notary, after reading Of the
whole.
Original signed: Benjamin Claassen, ST.,
BENJAMIN Claassen, Jr, Charles y. Cha
vigny, by Il. Claassen, Jr., L. A. Hubert,
]. VI. QUINTERO,
Notary Public.
I. the undersigned recorder Of mortgages
in and for the parish of Orleans, state OF
do hereby certify that the above
and foregoing act of Incorporation of the
Cahaba Red Ash Coal Company, Incorpor-
ated, was this day duly recorded in my Of
fee, in book 1865. folio 81.
(SignedD EMILE LEONARD, D. r.
true copy.
J. VI. QUINTERO.
Notary Public
oct 10 II "a 81 nov