The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-25

shall sell his stock to any person until he
has first offered II to the board OF directors
and II shall be optional for this corporation
to refuse to recognize any transfer Of stock
made in violation OF this provision.
This corporation shall be going concern
as soon as three thousand (S,30O000) dol.
lars of Its capital stock shall have been
subscribed and paid for as hereinbefore pro-
vded.
ARTICLE V-AI 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 three OF
whom shall constitute quorum for the tran
| sactiOn OF the business ofthis corporation.
The first Board of Directors shall be COM
posed OF Victor CorraAo, George j. CajOleas,
and +. Roses. The officers of the first board
shall be Victor Carrano president F. Roses,
cepresident: and George j. Caioleas, sec
| retary-treasurer. Said Board OF Directors
and Officers shall serve and remain In Of
| hce until the fifteenth Of September, and on
which date annually thereafter the Board Of
| Directors shall be elected by the stockholders
at a 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 a 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
cast either In person or by duly authorized
proxy; and the majority OF votes cast shall
elect; Any vacancy occurring In the Board
OF Directors, may be filled by the remaining
Directors for the unexpired term. At the
first meeting of the Board OF Directors
after their election and qualification, they
| shall elect from among their number Presi-
Treasurer.
ARTICLE vI-All the meetings OF the
stockholders shall be called by written no
tice. mailed 10 the last known address OF
each stakeholder, not less than thirty days
before the date fixed for such meeting I'M
less said notice has been waived In writing
by the stockholders.
| ARTICLE VII.-ThIs act of incorporat ion
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 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, its affairs shall be liquldated by
three 90 commissioners, 10 be appointed Tor
that purpose, from among the stockholders,
AT a meeting Of the stockholders convened
for that purpose said commissioners shall
remain in ofhce until the affairs Of said cor
poration shall be fully and finally liquidated.
ANY vacancy occurring among the llquldai-
ors from any cause whatsoever, shall be NIL
ed by the remaining commissioners -,
| ARTICLE VIII.-NO stakeholder shall
ever be liable or responsible for 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 informahty IN
= the organization Of this corporation nave
the effect OF rendering this charter nun, or
i of exposing the stockholders to any further
e liability than the unpaid amount when may
= be due on his stock subscription.
> The list Of subscribers hereto annexed
shall serve as the original subscription list
8 OF this corporation.
d Thus done and passed In my notarial Of
: fee. in the city Of New Orleans, In the
a presence Of Messrs. otto Il. flaZenkampf and
e EldOn ). Lazarus competent witnesses, o.
:, lawful age, aud residents OF this city ant
II parish. who have hereunto subscribed theil
e names, together with the said appearers anC
" me. notary, after due reading OF the whole
% (SignedD Victor CarranO, % shares a.
Z $4,000: George J. Cajoleas, "a shares a.
z 10000; +. Roses, 1 share at 10000. tWit
s nesses) EldOn s. Lazarus, Otto J. Hasen
kampf II. MICHEL, Not. Pub.
Is I, the undersigned, recorder OF mortgages
II In and for the parish OF Orleans, state o
d Louisiana, do hereby certify that the abov
IS and foregoing act OF Incorporation OF tn
y Carrano-CajOleas Liquor Co. was this da,
,e duly recorded in my Office in book ill0, foil
,e --. New Orleans, Sept. 18th, 1913.
" (Signed) EMILE ]. LEONARD,
" by. Rec
ID A true copy from my records:
N n. Michel,
a (SeaD Not. Pub.
N sep . oct 2 0 16 % 80