The herald., 1912-09-05


ed, and for such other valuable considera
lions or services as the Board Of Directors
of said corporation may determine. AL
shares of stock shall be full-paid and non
assessable No transfer of stock shall b,
binding upon the corporation unless made
upon Its books, and all certificates OF stool
shall be signed by such officers as may b,
designated by the Board of Directors. y,
transfer Of any fractional part of share
shall be made. This corporation shall be
come going concern and commence doing
business as soon as three thousand (S3,000)
dollars Of the capital stock shall have beer
Shares Of stock shall be transferable only
on the books OF this corporation in suci
manner as the bylaws may direct, an(
no transfer of stock shall be binding upoI
or have any effect on this corporation un
less, and until, made on its books.
ARTICLE V.
All the corporate powers of this corpora
ton, and the management and control OF It's
affairs shall be vested in, and exercised by
a Board of Directors, composed of three
stockholders, two of whom shall constitute
quorum for the transaction of all business
The Directors shall be elected annually by
the stockholders at a meeting to be held
on the fourth Thursday of July, in eacl
year; said meeting TO be preceded by five
days notice through mail, addressed to eacf
stakeholder at his last known address
Each stakeholder shall be entitled, In person
or by proxy, to vote for every share
owned by him, and all meetings and cleo
lions shall be held under such rules ant
regulations as may be determined by the
Board of Directors At all meetings wheth
er of Directors or stockholders, all questions
shall be decided by a majority of the shares
OF stock represented at such meetings. The
Directors, when elected, shall continue in
office for one year and until their successors
shall have been duly elected and shall have
qualified. Failure TO elect shall not operate
the forfeiture of this Charter. but the
Board of Directors shall, within thirty days
oh Cot IYVrn 60 ala H.
to be held and five days notice thereof shall
be given in the manner heretofore provided
herein. Any vacancy occurring on SAID
Board shall be filed by the remaining Di
rectors for the uneXpired term. The BOARD
Of Directors shall, at its first meeting after
its election, select out Of its number a Presi
dent, Vice-President, and also a Secretary
Treasurer. Any Director being sick or alb
sent, or about TO absent himself shall have
the right to appoint, by written instrument
another Director or stakeholder to act as
his proxy and in his stead. at any and al
OF the meetings of said Board of Directors
during such absence or Illness
Archie Hall. Joseph A. Norman, and vii
liam B. Neal with Archie Hall as President
Joseph A. Norman, as Nice-President, and
William b. Neal, as Secretary-Treasur
and said Board and officers shall serve until
the fourth Thursday of July, 1913, or until
their successors shall have been duly elected
and shall have qualified.
ARTICLE VI.
The funds of this corporation shall be
deposited from time to time, in a bank oil
banks to be selected by the Board of Direc
tors. All checks and notes drawn, executed
or issued in the corporations name and be
half shall be signed by the President and
couptersigned by the Treasurer. No Official
shah thus sign or indorse the name of the
corporation save strictly in its concerns.
ARTICLE VII.
No stakeholder shall be held liable or res
ponsible for the contracts, faults or debts OF
the corporation In any further sum thar
the unpaid balance due TO the corporation
on the shares owned by him, nor shall any
mere informality in its organization have the
effect of rendering this charter null or OF
exposing any stakeholder to liability beyond
the amount of his stock.
ARTICLE VIII.
This act of Incorporation may be changed
modified or altered, and this corporation
may be dissolved. with the assent of the
stockholders owning three-fourths Of the
stock Of this corporation, present or repre-
sented, at a general meeting convened for
that purpose and after al least ten days
notice of this meeting shall have been giveI
through mail addressed to each stockholdel
at his last known place of residence. In
case Of dissolution by the expiration of this
charter, or otherwise, the stockholders shall
elect three liquidators from among their OWL
number, who shall have full authority tC
settle and wind up the business and affairs
of the company. The terms and conditions
shall be fixed at the time Of election. In
the case Of the death or disability of any
of said liquidators before the liquidation OF
the affairs of the corporation, the surviving
liquidator or liquidators shall continue and
conclude the liquidation.
ARTICLE TX.
Any and all notices and delays provided
for by this Charter may be waived by the
unanimous consent of the Board of Direc
tors of the stockholders, or either, unless
prohibited by law.
Thus done and passed In my notarial Of
fee at the City of New Orleans aforesaid
In the presence of Thomas G. King and
Thomas Joseph Dobbins, competent witness
es Of lawful age, and residing In this City
who hereunto subscribe their names, togeth
er with said parties and me Notary, on the
day and date set forth in the caption hereof
Original signed-Archie Hall, and others
Thos. G.. King, T. ]. Dobbin.
W. W. YOUNG,
Notary Public.
I, the undersigned Recorder Of Mortgages
In and for the Parish Of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
''Hall Coal Company" was this day record
ed in my Office In book 1855, folio =.
New Orleans, July Goth, 1912.
(Signed) EMILE LEONARD, d. r.
A true copy Of the original.
(Signed) w. W. YOUNG,
Notary Public.
(SEAL)
aug 1 s Is % 20 sept