The herald. [volume] (New Orleans, La.) 1905-1953, 1912-12-26

the business to be carried on by it are here
by declared to be as follows to carry on
and sell in retail quantities liquors, wines
etc, and cigars, and everything incidental
to said business.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum of three thousand
dollars tS3,O0O), TO be divided into one hun
dred and twenty shares (l2O) of the PAL
value of twenty-five dollars ($25) each
payable in cash or its equivalent this cor.
poratlon TO become going concern as soon
as the sum OF three thousand dollars OF
stock shall have been subscribed.
ARTICLE V.
The corporate powers of this corporation
are hereby vested in and are TO be exercised
by board of directors, who shall be elect.
ed annually, beginning on the first Wednes
day In January, 1914. at an election by the
stockholders which election shall be called
by mailing TO each stakeholder at his last
known place of business or residence al
least. tiye t5) days written notice. Failure
TO hold an election on the date specified
shall not dissolve the corporation but the
directors then in Office shall hold their re.
spectiye Offices until an election be held sub
sequently, after five (5D days additional
notice of the time and place thereof, and
until their successors are elected. The di.
rectors shall have the right 10 vote by proxy
The officers OF the company shall consist
OF a president, and general manager and
secretary, TO be elected annually by the
them.
ARTICLE VI.
No stakeholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults of this corporation in
any further sum than the unpaid balance
due TO the corporation on the shares owned
by him; nor shall any mere informality in
organization have the effect of rendering
this charter null or OF exposing any stock.
holders to any liability beyond the amount
OF his stock.
ARTICLE VII.
This act Of Incorporation may be amended.
altered or modified. or the corporation ma
be dissolved, by a vote of three-fourths OF
the shares OF stock present or represented.
al general meeting OF stockholders called
for that purpose after thirty 800 DAYS no
ice IN writing mailed TO each stockholder
dence.
ARTICLE VIII.
The capital stock of this corporation nav
ee increased or decreased In accordance with
existing laws.
ARTICLE IN.
At the expiration of this charter. or n
sooner dissolved, the affairs OF this cor
poration shall be liquidated BY the board OF
power TO sell any and ali assets Of the CO.,
POratlon and TO convey full and complete
title theretO. and shall have power 10 do
and perform all acts necessary and nroner
~ Iu.ig anu completely llquidate the affairs
and distribute the proceeds among the stock
holders IN proportion TO the amount OF
STOCK held by each and said directors shall
nave the right to apply to the courts for
recognition as liquidating commissioners or
Vi
mus done and signed in my Office. I'm the
CITY or New Orleans. state Of Louisiana. on
the Day, and In the month and year first
above written, in presence of RAYMOND
Gauche and Paul Chaser, Competent Wit
nesses, who have signed these presents TO
sether with the said appearers and me- no.
tary, after reading OF the whole.
original signed: Names of subscribers
witnesses Raymond Gauche. paul Chase
PHILIP GENSLER, JR..
Notary Public
1, the undersigned recorder of mortgages
10 ana Tor the parish of Orleans. state 81
louisiana, do hereby certify that the above
ana foregoing act of incorporation of tbe
Company was this dav dnIy
recorded In my Office, in book IO55. folio 10y
New Orleans, December IL, 1910.
lSlgned) EMILE LEONARD n D
A true copy. with the names OF the snh-
scrlDers and number of shares suhscrfbad
Tor by each, omitted 'Oeu
PHILIP GENSLBR, JR..
Notary Public.
dec 10 20 jan 2 0 Is %, 1913