The herald., 1917-01-18
CHAR TER
Of THE MONONGAHELA RIVER CON
SOLIDATED COAL & COKE COM
pA\i INC

PANY. INC.
United States Of America, State OF Louisi-
ana, Parish Of Orleans, City Of New Or
BE it known, that on this fourth dav Of the
month OF December in the year Of our Lord.
1ue thousand nine hundred and sixteen. and
u the Independence OF the United States Of
America the one hundred and forty first,
before me, Frank Soule, a notary public,
duly commissioned and qualified in and for
the parish OF Orleans, State OF Louisiana,
therein residing, and IN the presence of the
Witnesses hereinafter named and undersigned,
Donaldson, George W. Stanton, Richard B.
Montgomery, Godfrey Marshall and Felix
J. Garcia, all residents OF the city of New
Orleans, State OF Louisiana and Of legal age,
who declared that avallIng themselves OF the
provisions OF the laws OF this state in such
cases made and provided relating 20 the
organization Of corporations, and more par
tIcularly Act 267 Of the General Assembly
OF Louisiana, approved July 9, 1914. they
have covenanted and agreed and do, by these
presents, covenant and agree, bind, form
and constitute themselves, well as such
other persons as may hereafter Join or be.
ton and body polite in law for the objects
and purposes and under the agreements and
stipulations following, to-wit:
Article 1.-The name and style of this
corporation shall be "Monongahela River
Consolidated Coal & Coke Company, Inc >
and under that name, II shall have and
enjoy all the rights, advantages and priv.
ileges granted by law to corporations, and
shall continue and subsist for the period OF
ninety-nine years from the date of this act
Its domicile shall be in the city of New
Orleans, State Of Louisiana.
Article 1.-The purpose for which this
corporation is formed is: To conduct for
itself or as agent, or representative of 9TH
ers, 4 general coal and towing business; &c
mine coal and manufacture coke: 10 buy
sell and deal in coal, coke and other fuels
10 own. charter and control boats OF all kind
to carry, transport, deliver and distribute
by boat or other conveyance, but not as a
common carrier, coal other products
whether belonging TO itself or other per
sons, and to operate docks.
Without in any particular limiting any
OF the objects or purposes or powers OF the
corporation, the business or purposes Of the
corporation shall be from time to time "a
do any one or more or all of the acts and
things herein set forth and all such other
acts and things and business or businesses
in any manner connected Herewith or nee
essary, incidental, convenient, auxiliary or
germane thereto or calculated directly or
indirectly TO promote the interests of the
corporation or enhance the value of or rem
der profitable any of its property or rights
as such a corporation may lawfully do.
Article II.-The amount of the capital
stock shall be twenty-five thousand dollars
(S25OO0.0O, divided into two hundred and
fifty shares of one hundred dollars (S1c0.0O)
each. fifty per cent of which is hereby sub
scribed by the appearers. The whole Of said
stock is common stock Of equal dignity and
power. The said capital may be increased
10 two hundred thousand dollars (S2OOO1OOO,
divided into two thousand shares of one
hundred dollars $4,000 each. All stock
in this corporation shall be held upon a
condition precedent and under contract and
agreement in the nature of vested rights
that all such stock is so held and possessed
subject to the rules and provisions for the
transfer of same hereinafter set out, to-wit;
No stakeholder shall sell or dispose of any
Of the stock in this corporation without first
having offered the same for sale to the
other stockholders by letter addressed and
delivered to the president of the board oil
directors or to the said board, naming there
in the proposed lowest price of said stock
which price shall not exceed the actual value
thereof at the time of such offer, the
same may be determined by the books o
account or balance sheet of the corporation
After thirty 800 days from the receipt o.
such written offer and on failure of the
stockholders, or any of them, TO purchas,
such stock, the owner thereof shall be a
liberty TO sell such stock for not less thar
| the price so named by him, to other person
or persons. The preference, option or RICH
| of purchase herein created or vested in thu
other shareholders, or any of them may b.
waived by said shareholders by the boarC
of directors by written instrument duly
signed by said stockholders or directors, at
tested and filed with the secretary and BY
| him recorded in the Stock Record or Minute
Book of the corporation, and any transfe
of stock recorded by the secretary on tn
books of the corporation shall be presumed
| to have been made in accordance with tn
provisions of this article.
| Article IV.-All the corporate powers shall
| be vested in and exercised by a board o
directors composed of FIVE stockholders, tn
| majority of whom shall constitute a quorum
| for the transaction of all business.
| The board of directors shall be elected an
nually by the stockholders at meeting L
be held for that purpose on the third Tues
| IS L., Il a-h IL
| thus elected shall continue in Office for on
| year and thereafter until their successor
are elected and qualified. Any vacancy oc
curing on such board shall be filled b.
the remaining directors for the unexpire
| With the written consent Of all director:
meetings of the directors may be held with
out the State of Louisiana or within sal
state elsewhere than at the domcile of tn
| corporation.
| Any director may appoint by written in
| strument another director or stakeholder {
act as his proxy and in his stead at an
and all meetings of the board Of directors
! At its first meeting after election the boar
of directors shall elect out of its own nun
| Der a president. vce-president secretary an
| treasurer, all of whom shall be stockholC
ers The same. person may be secretary an
| treasurer. Said board shall have the RICH
to appoint and dismiss such managers, clerk
and other employees of the corporation a
conditions may justify or the business {
the corporation require.
| The tenure Of Office of all the employee
of the corporation shall be during the plea!
ure of the board of directors. Until tn
election to be held on the 10th day of jar
uary 1917 the following named shall COZ
stitute the first board of directors, to-wi
Harry C. Donaldson, 21O5 State St.; Georf
w. Stanton, 1923 Washington Ave: Richar
p. Montgomery, 2Oll Peters Ave; Geoffre
Marshall, 1905 Jackson Ave, and Felix
Garcia, 1888 Esplanade Ave, and all Of II
city of New Orleans, La.
Article V.-Meetings of stockholders f
the purpose of election or any other pu
pose may be held upon fifteen (l9 days n
tice sent by mali or delivered, and d
livery of such notice in person or at Il
residence of a stakeholder shall be suf