The herald. [volume] (New Orleans, La.) 1905-1953, 1916-02-03
CHARTER
OF CAHABA COAL AND COKE COMPANY
OF LOUISIANA, 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 sixteen,
and of the independence of the United States
| of America, the one hundred and fortieth,
before me, John Marshall Quintero, notary
public, duly commissioned and qualified in
and for this parish and state, and in the
| presence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the persons whose names are hereunto
subscribed, who severally declared that,
availng themselves of the provisions of the
| laws of the State of Louisiana, relative to
! the formation of corporations, and particu-
| larly Act No 267 of the session of the Cen
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 as 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 1.-The name and style of mis- cor
poration shall be the "Cahaba Coal g. Coke
Company of Louisiana, Mississippi and Tex
as, Inc.," and under such name it shall have
and enjoy succession for a period of ninety
nine years from this date.
Article 1.-THE dcmIcile 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 the secretary treasurer.
Article III.-The objects for which this cor
poration is organized and the nature of the
business to be carried on by it are declared
to be the following: to do general whole
sale and retail coal, coke and pig-iron bust
ness in the city of New Orleans or elsewhere;
to buy and sell and deal in coal, oil, feed,
coke and pig-iron and all and every kind of
commodity generally handled by wholesale
and retail 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 of five
thousand dollars (S5OO0O0), 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
may be issued for cash, or in payment OF
property received by the corporation, or ser
vices rendered it. No stockholder shall dis
pose of his stock without first offering same
to 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 or whom snail 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, ST., 400
North Lopez street, New Orleans, La, Ben
jamin Claassen, Jr., 400 North Lopez street.
and Charles n. Chavigny, 1892 Maison
Blanche building, New Orleans, La, with
Benjamin Claassen, Jr., president; Benjamin
Claassen, Sr., vice president, and Charles n
Chaviguy, 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
vacancy or vacancies. There shall be pres.
ident, a vice-president and secretary and
treasurer, which latter Office may be held by
one and the same person.
Article VI.-The corporation may buy,
lease, mortgage or sell real estate as occa-
sion may require during the course Of the
business hereinabove provided in Article III,
and all such transactions may be effected by
the board of directors then in Office. The cor
poration may be dissolved by 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 responsible for the contracts or