The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11

corporation, unless such transfer is mad,
on the books thereof; no such transfer sha
De made unless by the owner thereof. or by
ms agent or attorney in fact Any stock
noIuer' MS successor or assignee who may
desire to dispose of or pledge his stock O.,
any or II shall give the refusal of same in
writing to 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
fusal shall have effect and continue for the
term or ten days from the date thereof
AFTER the lapse Of which said ten DAYS II
said refusal Is not taken advantage OF, the
owner may deal with said shares as he
may deem Mt and proper. Every stakeholder
shall have one vote for each and every
share of stock standing in his name on the
books or 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 q Board Of Direc-
tors to be composed Of three stockholders to
OF this corporation by ballot or viva voce
Each director shall own at least one share
OF stock. The Board Of Directors shall he
composed OF a President a Vice President
shall constitute a quorum for the transac-
ton OF the business Of this corporation.
The first Board OF Directors and officer.
snail 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 quail
fed. 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
directors then in office shall remain in office
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 liquidsted 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 thi,
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.
Thi. 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-
sculcu at mcctluS VI tue SloSk
holders Of this corporation convened for said
purpose; and after due notice Of the said
meeting shall have been given in one OF
more newspapers published in the City OF
New Orleans, La, once week for three
weeks preceding the date of the said meet
ing and by a written notice to each stock
helder 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
to the date Of the said meeting.
ARTICLE VIII.
No stakeholder shall ever be held liable
for the contracts or faults OF this corpora
tion Ia any further sum than the unpaid bal
ance due by HIM 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 oil
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 whs
have hereunto signed their names, together
with the said appearers and me, notary, al
ter a due reading OF the whole.
Original signed: F. w. Robert, % shares
(s2SOO) Geo. W. Moore share, (SlOO)
Leonard L. Stern, one share (SlOOl.
Witnesses T. A. Schuber, Jos. w. helm
SCOTT Z. BEER, Not. Pub.