The herald., 1912-08-01
CHARTER


nine hundred and twelve, before me, vii
liam Waller Young, a notary public, in anC
for the Parish of Orleans, State of LOuisi
ana, duly commissioned and qualified. anC
in the presence Of the witnesses hereinaftel
named and undersigned: personally came
and appeared the persons whose names are
herennto subscribed, who declared, that
availing themselves of the provisions of the
laws of this state, relative to the organ.
ization of corporations, and especially OF
act No. as of 1904, they have cOvenanted
and agreed, and do by these presents, Gov
enant and agree, bind, form and constitute
| themselves, as well as such other persons
who may hereafter join or become associ-
ated with them, into corporation and
| body polite in law, for the objects and pur-
poses and under the agreements and stipu-
lations following. tO-wit:
ARTICLE I.
| The name and style of this corporation
shall be Hall Coal Company" and under
| that name ii shall have and enjoy all the
| rights, advantages and privileges granted
by law to corporations IL shall have and
enjoy succession under its corporate name,
| and exist, for period of ninety -Iiine years !:
| Ii shall have the power to contract, sue and
| be sued in its corporate name; TO make and
| use corporate seal, and the same to break
| or alter at pleasure :; TO hold, receive pur-
chase, convey, mortgage, hypothecate or
pledge property, both real and personal; to
issue bonds notes and other obligations; TO
have and employ such managers, directors.
officers, agents and other employees as the
interest and convenience Of said corporation
may require, and TO make and establish
such bylaws, rules and regulations for the
corporate management and control Of the
affairs of said corporation as may be
deemed necessary and expedient.
ARTICLE II.
The dOmicile of said corporation shall be
In the City of New Orleans, in this state,
and all meetings shall be held at said domi-
cie, and citation and other legal process
shall be served on the president. and in his
absence or inability TO act from any cause
on "a VII In thn nf fha
death of the president of this corporation,
or in the event OF his inability to act as
such, his duties and functions shall devOlve
upon the vice-presdent.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature of
the business to be carried on by it are here
by declared to be: To engage in the bust
ness of buying, selling. acquiring and deal
ing In coal, charcoal, coke, wood, STEEL pig
iron, pipe, lime, cement, and other prod
ucts and supplies of that nature, both
wholesale and retail, or either, in the city
of New Orleans and elsewhere; and. gen
orally to do and perform any and all things
necessary or germane to the business here
in contemplated.
The authorized capital stock of this cor
poration Is hereby fixed at the sum of
twenty-five thousand 1896, 000.00) dollars,
divided into two hundred and fifty (250)
shares, at par value OF one hundred
(S10O00) dollars each, which shares shall
he paid for in cash, or the same may be
issued at not less than par. in payment or
exchange of property rights purchased
or received by said corpora tion or the same
may be issued. full paid, for money advanc- |
ed, and for such other valuable considera- |
lions or services as the Board of Directors
of said corporation may determine All
shares of stock shall be full-paid and non |
assessable. No transfer of stock shall be |
binding upon the corporation unless made |
upon its books. and all certificates of stock |
ba hn eli hv ha
designated by the Board of Directors. No |
transfer of any fractional part of a share |
shall be made. This corporation shall be-
come a going concern and commence doing |
business as soon as three thousand (S3,OO0) |
dollars Of the capital stock shall have been
subscribed.
Shares Of stock shall be transferable only
on the books OF this corporation in such |
manner as the bylaws may direct, and I
no transfer of stock shall be binding upon
or have any effect on this corporation I'M
less and UNTIL made IaG1c on r its books
All the corporate powers of this corpora
ton, and the management and control of its
affairs, shall be vested in, and exercised by ]
two of whom shall constitute
4 quorum for the transaction of all business.
The Directors shall be elected annually by
the stockholders at meeting to be held
)n the fourth Thursday of July, in each
year; said meeting to be preceded by five
days notice through mail. addressed to each
stakeholder at his last known address.
Each stakeholder shall be entitled, in person
,r by proxy, to a vote for every share
owned by him, and all meetings and cleo
ions shall be held under such rules and
regulations as may be determined by the
Board of Directors At all meetings. wheth-
r of Directors or stockholders, all questions ,
hall be decided by majority of the shares .
# stock represented at such meetings. The
Directors. when elected, shall continue in
'fice for one year and until their successors
hall have been duly elected and shall have {
qualified. Failure to elect shall not operate /
he forfeiture of this Charter but the |
board of Directors shall, within thirty days :
rom such failure to elect, cause an election !
o be held and five days notice thereof shall I
e given in the manner heretofore provided {
herein. Any vacancy occurring on said I
board shall be filed by the remaining Di- I
ectors for the unexpired term. The Board
Z Directors shall, at its first meeting after
Is election, select out of its number a Presi- |
ent. Vice-President, and also a Secretary
treasurer. Any Director being sick or abb {
ent, or about TO absent himself, shall have I
he right to appoint, by Written instrument. ,
mother Director or stakeholder to act as
is proxy and In his stead, at any and all /
the meetings of said Board of Directors
uring such absence or illness. In
Archie Hall, Joseph A. Norman, and Will
lam b. Neal, with Archie Hall as President, ,
oseph A. Norman, as Vice-President and ,
William Il. Neal, as Secretary Treasurer, /
hall constitute the first Board of Directors,
nd said Board and officers shall serve until |
be fourth Thursday of July, 1913, or until .
heir successors shall have been duly elected /
nd shall have qualified. Ii