The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1913-03-22
C CHARTER

cHARTER
CONSUMERS COAL AND SUPPLY
COMPANY.
Id e IT REMEMBERED, that on this,
lb the 1st day of March, in the year
me, 3. J. Vega, a notary public. duly
| commissioned, sworn and qualified in
and for the parish of Ascension La,
and in presence of the undersigned
appeared the parties whose names are
hereto subscribed, all OF full age, resi-
dents of this parish, who declared that,
availing themselves Nof the laws of the
tons, and especially Act No. Is of 1904,
they have conyenanted and agreed, and
by these presents do covenant and
agree, and bind themselves, as well as
come associated with them, TO form and
constitute a corporation and body polite
in law, for the purposes and objects
and under the stipulations, articles and
conditions following, to-Wit:
ARTICLE 1.
poration shall be the CONSUMERS
COAL AND SUPPLY COMPANY and
its domicile is hereby fixed at Donald
sonville. Ascension parish, Louisiana.
|
Corporation shall have power to con-
tract, sue and be sued; to make and use
corporate seal. and the same to
break and alter at pleasure; to hold,
ate, convey, sell, borrow, pledge, mort
gage and hypothecate, under it's said
corporate name property. real ana per-
sonal and mixed; to name and appoint
managers and employees as the inter
est or convenience of the said corpora
ton may demand, and to make and
establish bylaws, rules and regula-s
corporation, as may be. deemed necessary
anu proper; and the same to change
and alter at pleasure. and generally to
do all other acts and things permitted
by law, or such as shall be necessary
and proper to carry out the purposes of
the said corporation. Said corporation,
unless sooner dissolved in accordance
with its charter, shall exist and continue
for a period of ninety-nine (99) years
from the date hereof.
ARTICLE II.
The president, or in his absence, the
vice president, and in the absence of
both, the secretary treasurer. shall be
the proper person upon. whom all legal
process shall be served in accordance
with the laws of this state.
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 declared to be the following,
GOALS, sands, wood, feedstuffs, oils and
all manner OF goods and 1nerchan-
disc, either for cash or on credit, re-
t !. or wholesale; TO purchase. hold.
Vey, improve and handle ali manner Of
property. real, personal and mixed; to |
buy. sell and deal in ali manner Of
81, material, and generally to Do
or proper in carrying out the purposes /
OF this corporation.
ARTICLE ".
The capital stock of this corporation /
is hereby fixed at the sum of ten |
thousand no es1e,ooo1 dollars divided into
shares OF the par value of one hundred
dollars each, which said stock shall be
paid for in cash at the time of SUBJ
sefiptlon, or the same may be issued at
ehange for property or rights actually
received or purchased by said corpora
non, or the same may be issued fully
PAID Tor money advanced or for such
BOARD of directors may determine: PIE
vided, no stock shall be issued until the
therefor is actually re-
seived by the corporation
Any stakeholder may sell. assign or
transfer his stock in this corporation
provided thirty days, prior notice Of
such intention to sell, assign or transfer
ne same De given to the company, and
nave the first privilege of purchasing
he same, after which thirty DAYS the
stock may be sold in open market.
me stock Of said corporation may be
transferred under the above conditions
such transfer thereof be ma fle.
n the books of the company at Its of'-
ice in DonaldsonviIle; Louisiana, and
N surrender of the certificate therefor.
-,of n fr-nfs /
,e made - = sit
This corporation shall commence da.
ng business and bgceFne a going con-
err e as soon as three thousand dollars
eriped therefor. The board of directors
hall have power to determine how
much stock shall=be issued.
ARTICLE v.
The corporate powers of this corpora
ION snail be vested in and exercised by
ne following officers, to-wit: A pres ]
dent, vice president, and secretary
asurer. A majority of said board
a MAJ constitute quorum for the trans
ctlon of business, and their decision
nall be valid corporate acts.
The following persons shall consti
ute the board of directors, to-wit: S.
ioe q 4 =; Sims, ]. Rumsey Duke, ,,
inns as president, f. Vernon Sims az I
ice president, and j, RurIlsev T1,,Ee
$ secretary treasurer - go
No person shall be eligible as a df- I
ee5or. or officer who is not stock
older The above board Of directors !
nj officers shall continue In office
nth the second Tuesday of March. 1914.
n which day and annually thereafter a
GARD Of five directors shall be select {
on the second Tuesday Of March af
acn year. unless the said day should i s
e legal holiday, in which case fhe !
seetion SY1ll be held the day following. /
office OF such election shall be given fo )