The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-09
CHARTER
OF CAHABA COAL COMPANY OF LOU
ISIANA, MISSISSIPPI AND TEXAS,

ISIANA, MISSISSIPPI AND TEXAS,
INC.
United States of America, State of Louisiana,
Parish Of Orleans, City of New Orleans.
BE It known, that on this fifteenth day of
the month of January, in the year of our
Lord, one thousand, nine hundred and six
teen, and of the independence of the United
States Of America, the one hundred and for
tieth, before me. John Marshall Ouintero a
aotaTy public, duly commissioned and quail
he'd IN and for this parish and state, and in
the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared the persons whose names are here
unto subscribed, who severally declared that
awaiting themselves OF the provisions of the
laws of the State of Louisiana, relative to
the formation OF corporations. and particu-
larry Act No. 267 of the session of the Gen
eral Assembly of the State Of Louisiana of
1914, they have covenanted and agreed, and
do, by these presents, covenant and agree
and bind and obligate themselves, as well as
such other persons may hereafter become
associated with them, TO form and constitute
a body corporate and polite in law, for the
objects and purposes, and under the stipula-
tions and provisions following, to-wit:
Article The name and style of this cor
poration shall be the "Cahaba Coal Company
Of louisiana, Mississippi and Texas, Inc, I"
and, under such name, II shall have and en-
JOY succession for a period of ninety nine
years from this date.
Article 1.-THE domicile of this CORPORA
ton shall be in the city Of New Orleans, and
all citation and other legal process shall be
served on the president, OF, in his absence,
IN the vice president, or in the absence of
both, upon the secretary treasurer
Article lll.-The objects for which this cor
poratlon is organized, and the nature of the
business to be carried on by it, 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 sell and deal in coal, oil, feed, coke and
plg-lron and all and every kind Of commo-
dty generally handled by wholesale and re.
tail coal and coke dealers, and to carry on
such other businesses generally incident to
or connected with said wholesale or retail
coal business.
Article IV-The capital stock of this cor.
poration is hereby fixed at the sum of FIVE
thousand dollars (S5,OOOOO, divided into and
represented by fifty shares Of the par value
OF one hundred dollars $4,000 each, which
stock shall be paid for when called for by
the board Of directors Of the corporation, and
may be issued for cash. or in payment of
property received by the corporation, or ser
vices rendered il. No stakeholder shall dis
pose OF his stock without first offering same
10 the corporation at its book value. and the
corporation 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 a board Of directors composed of
three stockholders, two Of whom shall con-
stitute a quorum for the transaction of bust
ness and until otherwise provided by amend
ment TO this charter, the board of directors
shall consist of Benjamin Claassen, Sr., 400
North Lopez street, New Orleans, La, Ben
janin Claassen, Jr., 400 North Lopez street,
and Charles n. Chavigny, 1852 Maison
Blanche Building, New Orleans, La, with
Benjamin Claassen. Jr., president; Benjamin
Claassen, ST., vice-president, and Charles H.
Chavigny, secretary-treasurer. In the event
Of death or resignation of one or more of said
board or officers, the remaining member or
members of the board shall supply the va.