The herald., 1920-11-04
CHARTER OF GROWN COAL AND TOW
INC CNMPANN. INC.

ING COMPANY. NC.
United States Of America. state Of Lou
i~iaua. Parish Of Orleans. city of New
Orleans. Re IL known. That on the 2nd
day of the month OF October. E-o ana
Of the independence Of the United States
of America. the one hundred and forty
fifth; befur" me. John T.. sullivan. notary
public, duly commissioned and Quahncd.
in and for the city Of New. Orleans Parish
of Orleans State Of Louisiana. therein re
siding and i'm the pr"~cur, Of the wit
uc>sc~ hereinafter named and undersigned.
personally Cartn and appeared the per
sons who's" names are hDryuuto subscribed.
together with TN, amounts Of their re
Sp,ctiyp subscriptions to the capital stock
OF the corporation herein TO Ice formed.
who. Scycrally dcclar" that, avaiing them
selves of the visions of the laws ot ~"
State of Louisiana relative 10 the urGdNl-
Zation of corporations. they have covenant
ed. and agree. ana do by these presents
covenant and agree and bind and obi
gate themselves. aS well as such other per
sons aS may hereafter become associated
with them or their successors TO form and
constitute themselves into corporation
and body polite and for the objects ana
purposes and in accordance with the fol
lowing provisions. to-wit:
ARTICLE 1.-The name and title Of this
corporation shall be Crown Coal and Tow
Ing Company, Inc. and by that name IL
shall exist and enjoy succession for
period Of ninety nine CI9l years from date
the rights and powers now or hereafter
conferred by law; 10 contract; to su" and
he sued; to make and use corporate seal
to purchase and receive Lease, hold. sell
aud convey. as well as mortgage and by
potheCate real property, personal ana
mixed property: TO name and appoint such
officers and agents as the interests of said
corporation may require and 10 discharge
same at pleasure; to make and establish
such bylaws and regulations for the prop
cr management and regulation OF its al
fairs as may he deemed necessary and TO
change and alter the same at pleasure.
ARTICLE 1.-THE domicile OF said cor
poration shall be in the city OF New Or
leans. State of Louisiana, and all citations
and other legal process shall be served
upon the President of said corporation and
in case of his absence, upon the Nlce-iresl-
dent and in case of the absence OF b0th OF
these officers, upon the Secretary or treas
urer thereof
ARTICLE III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by 1t are declared to be:
To conduct a general business in coal, to
purchase, own, SELL deal in and handle
coal of every kind, nature and description,
both wholesale and retail. to buy. sell,
own, lease, all buildings necessary for the
storage of coal; sell, own or lease all fix
lures. appliances and appurtenances used
in the handling of coal; TO buy. own, con-
dealing in coal.
To conduct a general brokerage bust
ness in coal; to act as agents or represent
atiyes of owners or other persons, nrms
or corporations having any interest IN
coal. coaling vessels, car loads of coal,
etcetera; and to establish agencies and
sub-agenCies in Louisiana and throughout
the United States and in foreign countries.
To acquire. own, work, lease, mortgage,
sell and dispose Of any mines of coal, coal
mining rights and any interests therein.
To conduct a general tOwage business
10 purchase, own, sell, lease and operate
boats barges, ships. vessels and tugs of
every description and to contract for the
tOwage of goods and materials or every
description TO all or any part of the state
of Louisiana. the United States OF America
and foreign countries; and to use and OPP
crate said vessels in trade, commerce or
navigation upon the oceans. seas, gulfs
harbOrs, lakes, rivers, canals and other
waterways and furnish facilities for tow
age. lighterage, transportation upon such
waters and to furnish facilities for stor-
| age of goods, merchandise and OF all
freight
To conduct a general repair business and
to own and operate repair shops, together
with all the appliances and equipment for
| the purpose of repairing boats, skihs
| barges, vessels, tugs of every nature and
| description.
To conduct a general salvage business
| to prepare, keep, maintain and employ
| salvage corps for the purpose of saving
| rescuing, protecting and preserving marine
property and all other property in danger
Of being destroyed or threatened with de-
| struction or loss or damage or injury by
| fire, water, storm, collision or any othel
| cause which would or might destroy prop
| erty and TO equip such salvage corps will
suitable appliances, vehicles, boats vessels
| of every description, together with nipple
ments, tools, furnishings and all needfu
and necessary articles of every kind anC
description necessary ana proper 70 save
| protect and preserve any and all prop
| erty from destruction, whether at sea, OF
lake or river, or on any other water-wa,
| or at any dock or at any harbor.
| To conduct a general dredging business
| and to own, buy, sell, and lease and op
| crate dredges of every description and Z
enter into contracts for dredging purposes
| To conduct a general logging business
to obtain possession OF Iand by lease an'
to contract with the owners for the right u
cut from said land and to carry therefrou
| said timber and to own and sell wood an'
timber of every kind and description an'
to establish and operate plants for tn
promotion OF said cutting. transportation
ownership and sale of said logs and tim
bers; to build and operate logging road
and logging railroads and to purchase
own, sell, lease, and dispose OF all logging
roads and logging railroad equipment.
To deal in, buy, sell, lease, as lessee o
as lessor, improve, mortgage or exchang
or dispose of for Its own account, rea
estate, lands and tenements, timber land
and timber rights, and to contract for tn
construction and erection of all buildings
warehouses. of every description and gen
orally to do and engage in any other lin
Of business undertaking or enterprise con
nected with or growing out OF, or whic
Is incidental to, or germane to, any OF IN
objects or purposes herein set forth
contem plated in this charter.
ARTICLE IV.-The capital stock OF thi
corporation shall be one hundred and hft
thousand dollars (S150 100000, divided int
fifteen hundred u 500 shares OF one hun
bred dollars (S1TOO0) each; which sal
shares of stock shall be paid for in cas-
! or in property and good viii transferre
to said corporation or in work done for @
services rendered to said corporation, a
may be decided and determined by III
Board of Directors and upon the terms
be { ed by said Board of Directors.
ARTICLE V.-All transfers of stock sha
be made on the books of the cOrporatio
I and no transfer of stock shall be in an
way binding upon the corporation unles
: and until il is made In the above d.
scribed manner; no stakeholder Of tn
; corporation shall at any time offer b
stock for sale, either privately or at n
open market, without having previOusl
offered to sell said stock, at its book Walt
to the stockholders then of record in sal
corporation, which option TO purchase sha
, / be made in writing and must be exc
cised within ten Q0) days from the receiI
of said option by said stakeholder. Fac
share of stock shall entitle the own
J thereof. either in person or by proxy,
cast one vote at all meetings of stoc
9 holders. The capital stock Of this co
T poration may be increased to five hundr'
( thousand dollars $500 000.00).
8 ARTICLE VI.-An the corporate powe
Q of said corporation shall be vested in al
Iexercised by a Board of Directors cor