The herald., 1913-10-16

shall sell his stock to any person until he
has first offered It TO 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 going concern
as soon as three thousand ($,3000.00) dol.
lars OF its capital stock shall have been
subscribed and paid for as hereinbefore pro-
vided.
ARTICLE V-An the powers OF this cor
poration shall be vested In, and the manage
ment and control Of It's affairs shall be ex-
ercised by Board of Directors, to be COM
posed OF three stockholders, any two OF
whom shall constitute quorum for the tran
sactlon OF the business ofthls corporation.
The first Board OF Directors shall be COM
posed !, OF Victor Gorrano, George J; Cajoleas,
shall be Victor Carrano president I; +. Roses,
vice-president: and George ]. CaJoleas, sec
retary-treasurer. Said Board OF Directors
and Officers shall serve aud remain In of.
| fee until the fifteenth OF September, and on
which date annually thereafter the Board CT
Directors shall be elected by the stockholders
| at meeting called for that purpose. All
| Directors and Officers shall hold office until
: their successors are elected and qualified
and any failure to elect directors shall not
be regarded as n forfeiture OF this charter
l. In the election OF Directors, each stock
holder shall he entitled to one vote for each
share of stock held by him, which must be
proxy; and the majority OF votes cast shall
elect. Any vacancy occurring in the Board
/ or Directors, may be filed by the remaining
| Directors for the unexplred term AT the
first meeting OF the Board OF Directors
| after their election and quaihca ton they
shall elect from among their number a Presi-
dent, Vice-President, and a Secretary
ARTICLE vI.-All the meetings Of the
stockholders shall be called by written no.
ice, mailed to the last known address OF
each stakeholder. not less than thirty DAYS
before the date fixed for such meeting. un.
less said notice has been waived In writing
by the stockholders
! ARTICLE NII.-This act OF lncorporat ton
may be manded. modified, changed or altered
or this corporation may be dissolved with
the assent o. the stockholders holding and
owning three-fourths OF the capital stock
thereof. who may be present or represented
at general meeting OF the stockholders con-
y@ned for that purpose, and OF which due
notice has been given.
Whenever this corporation shall be dis
solved, either by Limitation or from any
other cause, Its affairs shall be liquidated by
three 90 commissioners, 10 be appointed for
that purpose, from among the stockholders,
at meeting OF the stockholders convened
for that purpose said commissioners shall
remain in Office until the affairs Of said cor
poratlOn shall be fully and fnally llquidated
Any vacancy occurring among the liquidat-
Ors, from any cause whatsoever, shall be hll-
ed by the remaining commissioners.
ARTICLE VIlI.-No stakeholder shall
ever be liable or responsible Tor the contracts
or faults Of this corporation In any further
sum than the unpaid balance due By him on
the shares Of stock subscribed TO or owned
by him; nor shall any mere informallty 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 nOtarisl Of
. hce, in the city OF New Orleans, In the
presence OF Messrs. Otto T. Hazenkampf and
; EldOn s. Lazarus, competent witnesses, or
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.
D (Signedl Victor Carrano, % shares at
; 10000; George J. CajOleas. "a shares az
2 $4,000; F. Roses, I share az 500 90 lWlt-
s nessesl EldOn S. lazarus. Otto J. Hasen-
kampf II. MICHEL, Not. Pub
: /, the undersigned, recorder OF mortgages
2 in and for The parish Of Orleans, safe ~
4 Louisiana, do hereby certify thar the above
) and foregoing act Of Incorporation OF me
= / CarranO-Ca joieas Liquor 60 was IBIS das
o duly recorded In my Office IN book lil3 fois
. H.. New Orleans, Sept. 18th, 1915.
:. tSlgodJ EMILE J. IL NAf1,
= by. Rec
q A tue coy from my records;
= iSeaN aof. PEb.
= sep % oct 2 - % 80