The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-02

shalt sell his stock 10 any person until he
has first offered It TO the board Of directors
Of said corporation at Its then book value,
and IL shall be optional for this corporation
TO refuse TO recognize any transfer or stock
made in violation Of this provision.
This corporation shall be going concern
as soon as three thousand (S.3O00.0O) dol
lars Of its capital stock shall have been
subscribed and paid for as hereinbefOre pro-
vded.
ARTICLE V-An the powers OF this cor
pOratiOn shall be vested in, and the manage
ment and control of its affairs shall be eX-
ercSed by Board OF Directors, 10 be com
posed OF three stockholders, any three OF
whom shall constitute a quorum for the tran
sacton OF the business Ofthis corporation
The first Board OF Directors shall be com
posed Of Victor COrranO. George J. CajOleas,
and F. Roses. The officers Of the first board
shall be Victor CarranO, president; +. Roses
lvice-prcStdcnt: and George J. CajOleas, sec
ary-treasurer Said Board Of Directors
and Officers shall serve and remain In Of
ice until the fifteenth OF September and on
which date annually thereafter the Board OF
Directors shall be elected bv the stockholders
lat meeting called for that purpose All
directors and Officers shall hold office until
their successors are elected and qualified,
anu any failure TO elect directors shall not
be regarded as forfeiture OF this charter.
In the election Of Directors. each stock
holder shall be entitled to one vote for each
share OF stock held by him, which must be
east either In person or by duly authorized
proxy and the majority Of votes cast shall
elect Any vacancy occurring I'm the Board
or Directors, may be filed by the remaining
Directors for the uneXpired term At the
| first meeting of the Board OF Directors
AFTER their election and quallicatl ton they
! Shall elect from among their number a Presi-
Ient, Nice-President, and a Secretary
| ARTICLE vI.-Am the meetings Of the
| stockholders shall be called by written no
! tice, mailed TO the last known address ~
each stakeholder not less than thirty days
before the date fixed FOR such meeting. IN
! less said notice has been waived In writing
! by the stockholders.
| ARTICLE VIT-This act Of lncornoratiou
! may be manded, modified, changed or altered
or this corporation may be dissolved with
the assent of the stockholders holding and
| owning three-fOurths OF the capital stock
/ thereof, who may be present or represented
/ at 4 general meeting OF the stockholders con
| vened for that purpose and Of which due
| notice has been given.
| Whenever this corporation shall be dis
solved. either 10y limitation or from any
lOther cause. It's affairs shall be liquidated by
three CD commissioners, TO 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 or said cor
pOratiOn shall be fully and finally lquidated.
/ Any vacancy occurring among the liIuidat-
| Ors, from any cause whatsoever, shall be hil-
I ed hy the remaining commissioners.
/ ARTICLE VIGI-NO stakeholder shall
I ever De liable or responsible Tor the contracts
/ or faults Of this corporation In any tuFther
I sum than the unpaid balance due by him on
/ the shares Of stock subscribed 10 or owned
| by him nor shall any mere infOrmalty M
/ 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 nOtarial OF
fee. I'm the city OF New Orleans. In the
presence OF MesSrs. Otto T. Hazenkampf and
Eldon :. Lazarus, competent witnesses, OF
lawful age, and residents OF this city and
parish, who have here1nto subscribed their
names, together with the said appearcrs and
me- notary, after due reading OF the Whole.
(SlgnedD Victor Carrano, % shares at
$4,000; George ]. CajOleas, "a shares a.
$4,000; F. Roses, / share at 10000. iW'.-
nesses) EldOn s. Lazarus, Otto J. !.1stA-
kampf III. MICHEL, Not PUB.
I, the undersigned. recorder Of nor cages,
I In and for the parish OF Orleans. state OF
Louisiana, do hereby certify thar mo above
and foregoing act OF Incorporation q the
Carrano-C Ca joleas Liquor Co. vas mis- DAY
duly recorded In my Office IN book l'lS, folio
-. New Orleans, Sept 18th, 1917
tSlgned) EMILE J. LDJ3'R2,
, py. Rec.
j A true copy from ny records;
(SeaD Not. Pub.
!; sep IS oct o 16 % 30