The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-03
CHARTER
OF CAHABA RED ASH COAL COMPANY.
INCORPORATED.
a L IL %, on

1.
INCORPORATED
STATE OF LOUISIANA. PARISH OF Or
LEANS, CITY OF NEW ORLEANS.
BE II known, that on this eighteenth day
Of the month of September, in the year of
our Lord one thousand nine hundred and
twelve. and of the independence of the
United States of America, the one hundred
and thirty-sixth. before me-. John Marshall
Quintero, a notary public duly commissioned
and qualified in and for this parish and
state. and in the presence of the witnesses
hereinafter named and undersigned. person
ally came and appeared the persons whose
names are hereunto subscribed, who sever
ally declared. that availing themselves of the
provisions of the laws of the state of Lou
isiana, they have contracted and agreed. and
do by these presents covenant and agree and
bind themselves, as well as all such other
persons as may hereafter become associated
with them, TO form and constitute a corpOr-
alton for the objects and purposes and I'M
der the articles and stipuations following,
to-wit:
ARTICLE I.
The name and style of this corporation
Incorporated and under such name it shall
have and enjoy succession for a period Of
ninety-nine years from this date.
ARTICLE III.
The dOmicile of this corporation shall be
in the city of New Orleans, and all citation
and other legal process shall be served on
| the president or in his absence on the vice
president. or In the absence of both upon
ARTICLE Ill
The objects for which this corporation is
organized and the nature Of the business to
be carried on by 1t are declared to be the
following to do a general wholesale and
retail coal, coke and pig-irOn business In
the city of New Orleans, or elsewhere to
buy and to sell and deal in coal, coke and
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 10
or connected with said wholesale or retail
coal business.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed 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 be paid
for when called for by the board of direc-
tors of the corporation, and may be issued
for 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 its book value, and the cor
poration shall have ten days within which
to accept or decline said offer. All stock
transfers TO be valid must be made on the
books of the company.
ARTICLE v
All corporate powers shall be vested In
board of directors to be composed Of three
stockholders, two Of whom shall constitute
quorum for the transaction Of business and
until otherwise provided by amendment TO
sist of Benjamin Claassen, Jr., BENJAMIN
Claassen, Sr.. and Charles n. Chavigny,
with BENJAMIN Claassen, Jr., president
BENJAMIN Claassen, ST., vice-president, and
Charles y. 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 president, a vice-president sec
rotary and treasurer, which latter offices
may be 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
NAV he dissolved by a two-third vote of its
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