The herald., 1912-08-01
THE HERALD
ARTICIH vi

A
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of said corporation; nor shall any
mere infOrmality iY its organization nave
the effect of rendering this charter null, or
of exposing any stakeholder to any liability
beOnd the unpaid balance, II any, due on the
shares owned by him.
ARTICLE VII.
This act of Incorporation may be changed,
modified, or altered, or said corporation may
be dissolved with the assent of stockholders
owning three -fOurths of all the stock or inc
corporation, whose owners are present ana
represented at a general meeting convened
for that purpose, after ten days written
notice of such meeting has been given
through mail, addressed to each stockhOlder
at his place of residence, as shown on the
books of the corporation. In case OF dlsso-
luton. whether by expiration or this char-
ter or otherwise, the stockholders shall
elect three liquidatOrs from among their
number, TO liQudate and settle the business
and affairs of said corporation. In case Of
death or disability of any of said liquidat-
Ors, the survivors or the remaining llquldat-
OrS, shall appoint successor TO such llqul-
datOr. Said liquidatOrS are hereby given
full power either by court or law proceed
ings or without such proceedings, as they
shall elect, TO collect all amounts due the
corporation, sell or otherwise dispose OF its
assets, pay its debts and liabilities, and
compromise and settle all disputed questions
and matters. rs well as all other powers
necessary and usual to fully and finally set
tie. Wlnu up ana IQuludIe all lHe DuSlutSS
and affairs of the corporation, and distrib-
ute its net assets or funds among its stock
holders, in accordance with their respective
rights
ARTICLE VIII.
MeSSrs. Michel Karst, Raoul ]. Cousin,
and Harry Siener with said Michel karst
as president, and said RaOul ]. Cousin as
vice-preSident. and the said Harry Siener as
secrcta ry- treasurer. have been chosen and
selected as the first board of directors or
said corporation, and they shall serve as
such until the election TO be held on the
second Monday of January, 1913, and until
their successors shall he elected.
In order that this charter may also serve
as the original subscription list, the sub
scribers hereto have set opposite their res
pective names. the number OF shares or
stock subscribed for by each of them.
Thus done and passed in my ofiffce in the
city of New ORLEANS, state and parish atOre-
said, on the day, month and year hrst above
written, in the presence of MeSSrs Anthony
| g. BOurdet and AZZO j. Plough, competent
Witnesses who have signed with the parties
and me, notary. after reading the whole.
(Original signed Michel karst. 10
shares: Henry Siener, 10 shares RaOul J.
Cousin. 10 shares. Witnesses A. b.
Bourdet, AZzO J. Plough.
HENRY g. MCCALL, Not. Pub.
l. the undersigned. recorder OF mortgages
in and for the parish of Orleans, state OF
louisiana do hereby certify that the above
and foregoing act Of Incorporation Of The
Northeastern Realty Company, Limited,
has this day been duly recorded in my office
in mortgage book 1865, folio =.
New Orleans, La. July Goth, 1912.
(Sgnedl EMILE LEoNARD. by. II:
! hereby certify the above and foregoing
act Of record and on file in my office.
| HENRY G. MCCALL,
(SeaD Not. Pub.
july % aug Is % 90