The herald., 1920-11-04
CHARTER.

! the Board of Directors. The majority Of
t the Directors shall constitute quorum
| rur the transaction of al business. Tho
officers viii ihcwis" be elected annually
uE ballot of the Directors on the third
Monday in January Of each year. All eltS.-
tious shall tc n,ld under such rules. r"Gu-
latious as may b. determined by the
Hoard Of Directors. The Directors thus
elected shall continue In Office until tholr
~ Uc'>sors shall have been duIy elected
and QuaIifiyd. No failure to hold au Cleg-
lion snail be regarded as fnrfritur" Of
This charter. ANY vacancy occurring Oh
said Board OF Directors shall bee hhyj by
the remaining Directors for the uueNpirrd
term. said Board Of Directors shall Ike
Wise elect the additional members OF said
Board In case they should determine to in
crease the number Of the Board " hi
rrctors as hyriuabuye prov ldrd. Said
Board Of Directors viii have the right and
power TO appoint and dismiss such man
ayers. clerks. assistants. and all other EN-
Il"yerS Of tho corporation Ar conditions
may justify or the business Of the once
may require. and the tenure Of office Of all
such managers, clerks. assistants, and
Ither cmul' Iv's Of the corporation shall be
during the pleasure OF the Board " pircc-
tors.
ARTICLE VII.-The first Board Of hi
rc,torS shall consist Of the following hi
r'VtorS. George T.. Roper, J. G. Werner.
MyIe> T. ByrHs. and the first officers OF
said corporation shall be. George +. Roper,
as President, j. G. Werner. as Vice Presi-
dent. and MyIVS =. Byrus, as Secretary
and Treasurer. who shall serve as suck
until the third Monday in January, 1877,
or until their successors are duly elected
and qualified.
ARTICLE VIII Stockholders meetings
/ for the election Of directors Shau be held
| at the doMigiIy Of the corporation after
fifteen 30 days notice in writing to each
| stakeholder shah have been given by de-
posting said notice in the United States
! post office.
! ARTICLE IN.-No stakeholder shap
/ ever Ir liable or responsible for the in
drhtcdurSs. faults or defaults Of this cor
Uoratiuu, nor shall any mere intormalty
/ iu the organization Of the corporation
/ have any effect Of rendering the charter
null or Of exposing the stockholders to
any liability beyond the unpaid balance.
! If any on his stock subscription
/ ARTICLE N-Whrucvcr this corpora
/ ton is dissolved. either by limitation or
tor any other cause. its affairs shall he
| Iiquidatcd 10y the Board Of Directors who
are hereby vested with fun power to sell
lauy and an assets OF the corporation. either
! separately or In bulk and to convey full
land complete title thereto aud who shall
have fun power TO do and perform MI acts
necessary and proper fully and completely
] 10 HQuidatc the affairs and 10 distribute
! the proceeds if any among IN" stOckhold-
ers Of this corporation in accordance with
the propOrtionate number of shares held
by each stakeholder.
ARTICLE NI.-This act Of incorporation
may be amended altered, or this corpora
ton NAV be dissolved by vote of two
Of stock issued az a meeting convened for
that purpose after fifteen (l5) days notice
in writing mailed to the last known ad-
dress of each stakeholder.
Thus done and passed, at my NOtarial
Office. in this City of New Orleans, State
OF / Ouisiana. on the day, month and year
above written. in the presence Of Mark
Il. NcwhauSer and David ScsSler. competent
witnesses. who have hereuntO signed their
names. together with the appearers and
me. Notary. after due reading of the whole.
Witnesses: NJ. X. Newhauser, David
SeSSlsr.
Names Of subscribers omitted.
JOHN p. SULLIVAN,
Oct. >. 1920. Notary Public.
!. the undersigned Recorder of Mort
cages, in and for the Parish OF Orleans,
State Of Louisiana, hereby certify that
the Act Of Incorporation of the Crown Coal
and Towing Co. Inc was this day duly
recorded in my office in Book 1916, folio,
New Orleans, October 4th. 1920.
(Signedl NJ. J. DUNN, X. NJ.
| hereby certify thas the foregoing is a
true and correct copy OF the Act of In
corporation of the Crown Coal and Towing
Co. Inc, on file and of record in my no.
tariaI Office in the City of New Orleans.
JOHN Z. SULLIVAN.
Oct. NOV. IL. Notary Public.