The herald. [volume] (New Orleans, La.) 1905-1953, 1911-04-20

or stock shall be transferred as regards this
corporation, unless such transfer Is made
on the books thereof no such transfer sbaII
pe mace unless by the owner thereof or by
ms agent or attorney In fact ANY stock
holder, his successor or assignee who ma v
desire to dispose Of or pledge his stock or
any or it shall give the refusal of same in
wiring 10 THIS corporation and the stock.
holders thereof, at the book value of said
stock as established by an examination Of
the assets and liabilities thereof. which re.
tusal snail have effect and continue for the
Term OF ten days from the date thereof,
AFTER the lapse Of which said ten days. IL
said refusal Is not taken advantage OF. the
owner may deal with said shares as he
may deem MT and proper. Every stakeholder
shaI nave one vote for each and every
share OF stock standing in his name on The
books OF this corporation
This corporation shall be a going concern
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 a BOARD Of Dirac-
tors TO be composed Of three stockholders 10
be- elected annually at the place OF business
OF this corporation by ballot or viva vocp
Each director shall own at least one sha re
OF stock. The Board Of Directors shall b,
composed OF a President, a Vice President.
ana Secretary-Trea any two Of whom
shall constitute a quorum for the transac-
ton OF the business Of this corporation.
The first Board OF Directors and officers
shall be elected at a 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 uuali-
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 bur the
directors then in office shall remain in office
until their successors are duly elected and
qualified 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 affair.
shall be liquidated by three commissioners
to be appointed By the stockholders con
vened in general meeting for that purpose.
Of which meeting OF stockholders notice
stockholders meetings in Article VII OF this
charter, and a majority in amount Of the
stock thus represented at such meeting shall
be requisite 10 elect. Said commissioner.
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 al the address
designated by him, or his last known ad-
dress, and mailed at least thirty days prior
-. H. - . s.,s.N
ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults Of this corpora
ton in any further sum than the unpaid bal
ance due by Inn on the shares OF stock sub
scribed by him, nor shall any informally in
the organization OF this corporation have
the effect Of rendering this charter null or
OF exposing the stockholders TO any further
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, % share.
(S2S00D Geo. W. Moore, l share. (S100) {;
Leonard l.. Stern, one share (S10O).
Witnesses: T. A. Schuber, Jos. W. Helm.
SCOTT E. BEER, Not. Pub.
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