The herald., 1913-10-30

shall sell his stock TO any person until he
has first offered IL 10 the board OF directors
| OF said corporation at Its then book value,
and II shall be optional for this corporation
10 refuse TO recognize any transfer OF stock
made in violation Of this provision
! This corporation shall be a going concern
as soon as three thousand $4,000 O0) dol.
lars Of its capital stock shall have been
subscribed and paid for as herelnbefore pro-
yided.
ARTICLE v.-Am the powers OF this cor
poratiOn shall be vested In, and the manage
ment and control OF Its affairs shall be ex-
ercised by Board OF Directors, TO be com
posed OF three stockholders, any two OF
whom shall constitute a quorum for the tran
saction OF the business ofthIs corporation,
The first Board OF Directors shall be CON-
posed or Victor Corrano. George ]. Cajoleas
shall be Victor Carrano, president; f. Roses
Vlce-president: and George J. Caioleas sec.
retary-treasurer. Said Board OF Directors
and Ofcers shall serve aud remain in .f
hce until the fifteenth Of September, and en-
which date annually thereafter the BOARD ~
Directors shall be elected by the stockholders
az meeting called for that purpose. All
directors and Officers shall hold office until
thcir successors are elected and qual
and any failure to elect directors shall NOT
DC regarded as n forfeiture OF this charter.
IN the election OF Directors, each stock.
holder shall be entitled To one vote for each
snare or stock held by him, which must be
cast either In person or by duly authorized
proxy; and the majority OF votes cast shall
eECt: Any vacancy occurring In the BOARD
or Directors. may be filled by the remaining
directors Tor the uneNpired term. At the
hrst meeting OF the Board Of Directors
after their election and qualification tho,
snail elect from among their number a PresI-
Ieht, EIce-President, and a Secretary
ARTICLE VI.-AlI the meetings Of IN.
stockholders shall be called by written no
uce, mailed 10 the last known address OF
ggatm ga,ar s'%1cEh9lder % not less than thirty days
DeIore the date hNed for such meeting un.
less said notice has been waived In writing
by the stockholders
ARTICLE NII.-Thls act OF Incorporation
may be manded, modified changed or altered.
or this corporation may be dissolved wItb
the assent o. the stockholders holding and
2wnlns three-fourths OF the capital stock
thercpr, whc may be present or represented
al e general meeting % the stockholders con
V"ned Tor that purpose and OF which due
notice has been given.
whenever this corporation shall be dis
solved, either by limitation or from auy
other cause, its affairs shall be llquldated by
three t3D commissioners, 10 be appointed for
that purpose, from among the stockholders,
at a meeting OF the stockholders convened
for that purpose; said commissioners shall
remain In Office until the affairs OF said cor
poratlOa shall be fully and finally liqudated
Any vacancy occurring among the llquldst-
ors, from any cause whatsoever, shall be al.
I'd by the remaining commissioners.
ARTICLE VIII.-NO stOckhOlder shall
ever be liable or responsible FOR the contracts
or faults OF this corporation In any further
sum Jnau Jnc unpaid DdlA0ce due by hlm on
the shares OF stock subscribed to or owned
by him. nor shall any mere informality In
the organization OF this corporation have
the effect OF rendering this charter null, or
of exposing the stockholders TO any further
liability than the unpaid amount which may
be due on his stock subscription.
The list OF subscribers hereto annexed
shall serve as the original subscription list
Of this corporation.
Thus done and passed In my norarial Of
fee, in the city OF New Orleans. IN the
presence OF Messrs. Otto T. Hazenkampf and
EldOn 5. Lazarus, competent witnesses, OF
lawful age, and residents OF this city and
parish, who have hereunto subscribed their
names, together with the said appearers and
me, notary, after due reading OF the whole.
tSigned) Victor CarranO % shares AT
10000; George J. Cajoleas, "a shares AZ
10000; F. Roses, ! share at 10000. wit
nesses) EldOn 5. Lazarus, Otto J. Hasen-
kampt. H. MICHEL Not PUB.
|, 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
CarrauO-Caio ioleas Liquor co. was this day
duly recorded In my Office In book lll9. f0lls
! -. New Orleans Sept 18Th, 1913
(Signed) EMILE J. LBoNARD,
by. Rec.
! true copy from my records:
n. MICHEL
/ (SeaD Not. Pab.
sep 25 oct I6 % 30