The herald., 1911-04-27

corporation, unless such transfer is made
On tne BOOKS thereof; no such transfer sha nj
De made unless by the owner thereof or nv
MS agent or attorney In fact Any stact
noluer, MS successor or assignee who ma '
aeSire 10 dispose OF or pledge his stock OF
any or 1t shall give the refusal OF same in
wrltlnS 10 this corporation and the stock
holders thereof, at the book value of said
STOCK as established by an examination OF
tue aSSetS and liabilities thereof which re-.
tusal shall have effect and continue for the
term OF ten days from the date thereof
aIter the lapse OF which said ten DAYS. II
Saia REFUSAL Is not taken advantage OF, the
owner may deal with said shares as he
may deem mt and proper. Every stockholder
shall nave one vote for each and every
snare OF stock standing in his name ON the
BOOKS or this corporation.
This corporation shall be a going concarn
as soon as Three Thousand Dollars OF the
capital stock shall have been subscribed for,
ARTICLE V.
All the corporate powers Of this corpor-
alton shall be vested in Board OF Direc
tors TO be composed Of three stockholders to
be elected annually at the place OF bushes,
or this corporation by ballot or viva yocp
Each director shall own at least one share
OF stock; The Board Of Directors shall be
composed OF President, Vice President,
and Secretary Treasurer, any two OF whom
snail constitute quorum for the transac-
ton OF the business of this Corporation
Inc nrst Board OF Directors and officer.
snail De elected at meeting OF the stock
holders, from among the stockholders of this
corporation, the said meeting TO be held on
the = day OF April, 1911
The said directors shall hold their office
until their successors are elected and quail
ned. The annual meeting OF the stOckhold-
ers to elect directors shall be on the
failure to elect directors on said date
shall not dissolve this corporation. but the
N Hoo haI1 ~
until their successors are duly elected and
qualihed. Any vacancy on the Board OF
Directors shall be filled by the remaining
directors.
ARTICLE VI.
Whenever this corporation shall be dis
solved by limitation or otherwise. its affairs
shall be llquidated by three commissioner.
to be appointed by the stockholders con
vened In general meeting for that purpose
OF which meeting OF stockholders, notice
shall be given In the manner provided for
stockholders meetings In Article VII OF this
charter, and majority in amount OF the
stock thus represented at such meeting shall
be requisite TO elect. Said commissioners
shall remain In office until the affairs of
said corporation shall have been fully liqui-
ARTICLE VII.
This act OF Incorporation may be modi-
fed. changed or altered. or the said corpora
ton may be dissolved with the assent of
three-quarters of the capital stock repre-
sented at a general meeting OF the stock
holders OF this corporation convened for said
purpose; and after due notice OF the said
meeting shall have been given in one or
more newspapers published in the City OF
New Orleans, La, once a week for three
weeks preceding the date OF the said meet
ing, and by a written notice TO each stock
hslder on the books OF this corporation. ad-
dressed TO said stakeholder at the address
designated by him, or his last known ad-
dress, and mailed at least thirty days prior
10 the date Of the said meeting.
ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults OF this corpora
tion in any further sum than the unpaid bal
ance due by HIM on the shares of stock sub
scribed by him, nor shall any informality in
the organization of this corporation have
the effect Of rendering this charter null or
liability beyond the balance unpaid and due
by them on their stock subscription.
The list of subscribers hereto annexed
shall serve as the original subscription list
OF this corporation.
Thus done and passed In my office on the
day, month and year first above written, in |
the presence OF Messrs. Il. A. Schuber and
Jos. w. Helm, competent witnesses who |
have hereunto signed their names, together |
with the said appearers and me, notary, af- |
ter a due reading Of the whole
Original signed f. W. Robert, % shares
S2S00) /; Geo. W. Moore, l share. $1,000 I; |
Leonard l.. Stern, one share (S100l.
Witnesses: Il. A. Schuber, Jos. W. Helm. |
SCOTT f. BEER, Not. Pub.
(SeaD