The herald., 1912-08-22
CHARTER
CHARTER
OF HALL COAL COMPANY
STATE OF LOUISIANA, PARISH OF OR.
LEANS CITY OLE NEW QRIEANS

| day of July, in the year one thousand
nine hundred and twelve, before me, VII
liam Waller Young, a notary public, in ant
| for the Parish Of Orleans, State of I,Ouisi
ana, duly commissioned and qualified, anC
in the presence of the witnesses hereinafter
named and undersigned: personally came
and appeared the persons whose names are
hereunto 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. rs 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 a corporation and
body polite In law, for the objects and pur-
poses and under the agreements and stipu-
lations following, to-wit:
ARTICLE /.
The name and style Of this corporation
shall be Hall Coal Company" and under
that name it shall have and enjoy all the
rights, advantages and privileges granted
by law to corporations; it shall have and
enjoy succession under its corporate name,
and exist, for a period OF ninety nine years
it 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,
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 NAV be
deemed necessary and expedient
ARTICLE III.
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-
cile, and citation and other legal process
shall be served on the president, and In his
absence or inability to act from any cause
on the vice-president. In the case OF the
or in the event of his inability 10 act as
such, his duties and functions shall devolve
upon the vice-president.
ARTICLE III.
The objects and purposes for which this
corporation is organized and the nature OF
the business to be carried on by ii are here
by declared to be: TO engage in the bust
ness Of buying, selling, acquiring and deal
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 ($25,OO0.OO) dollars.
divided into two hundred and fifty (25O)
shares, at par value of one hundred
(slO0.00) dollars each, which shares shall
be paid for in cash, or the same may be
issued at not less than par, in payment or
exchange Of property or rights purchased
or received by said corporation, 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
70 ,tvln ID
upon its books, and all certificates of stock
shall be signed by such Officers as may be
designated by the Board of Directors. No
Of any fractional part of a 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 been
subscribed
Shares Of stock shall be transferable only
on the books of this corporation in such
manner as the bylaws may direct, and
no transfer Of stock shall be binding upon
or have any effect on this corporation I'M
less, and until, made on it's books.
ARTICLE V.
All the corporate powers Of this corpora
ton, and the management and control OF its
affairs shall be vested in and exercised by
a Board of Directors, composed of three
stockholders, two OF whom shall constitute
a quorum for the transaction of all business.
The Directors shall be elected annually by
the stockholders at a meeting TO be held
year; said meeting to be preceded by five
days notice through mail, addressed to each
stOckhOlder at his last known address.
Each stakeholder shall be entitled, in person
owned by him, and all meetings and cleo
lions shall be held under such rules and
regulations as may be determined by the
Board of Directors. At all meetings, wheth- |
n of Directors or stockholders, all questions |
shall he decided by a majority OF the shares |
If stock represented at such meetings. The |
Directors, when elected, shall continue In |
,ffice for one year and until their successors |
shall 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 |
% be held and five days notice thereof shall |
'e given In the manner heretofore provided
herein. Any vacancy occurring on said
3oard shall be filed by the remaining Di-
ectors for the unexpired term. The Board |
Il Directors shall, at its first meeting after
is election, select ont of its number a Presi- |
lent. Vice-President, and also a Secretary
Treasurer. Any Director being sick or alb
ent, or about to absent himself, shall have
he right to appoint, by written instrument
mother Director or stakeholder to act as
lis proxy and in his stead, at any and all |
Z the meetings Of said Board Of Directors
Turing such absence or Illness.
Archie Hall, Joseph A. Norman, and Will
lam r. 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
he fourth Thursday Of July, 1913. or until
heir successors shall have been duly elected
nd shall have qualified
ARTICLE VI.
The funds of this corporation shall be
eposited from time to time, In a bank or
anks to be selected by the Board of Direc-
DIS. All checks and notes drawn, executed,
r issued in the corporations name and be-
alf shall be signed by the President and
by the Treasurer No official
hall thus sign or indorse the name of the
orporation save strictly in its concerns.
ARTICLE VII.
No stakeholder shall be held liable or res
Onsible for the contracts, faults or debts OF
he corporation in any further sum than
he unpaid balance due to the corporation
a the shares owned by him, nor shall any
ere informality In its organization have the
feet Of rendering this charter null or of
Iposing any stakeholder to liability beyond
he amount of his stock.
ARTICLE VIII.
This act of Incorporation may be changed,
odi1ed or altered, and this corporation
ay be dissolved. with the assent of the
stockholders owning three-fourths of the
ock Of this corporation, present or repre-
.nted, at a general meeting convened for
lat purpose and after at least ten days
otice of this meeting shall have been given
trough mail addressed to each stakeholder
Use of dissolution by the expiration of this
larter, or otherwise the stockholders shall
ect three liquidators from among their own
1mber, who shall have full authority to
title and wind up the business and AFFAIRS
the company. The terms and conditions