The herald. [volume] (New Orleans, La.) 1905-1953, 1913-10-23

shall sell his stock to any person until he
has first offered II 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 OF stock
made in violation OF this provision
This corporation shall be a going concern
as soon as three thousand (S,3OO0OO) dol
lars OF It's capital stock shall have been
subscribed and paid for as hereinbefore pro-
yided
| ARTICLE Y.-An the powers of this cor
poratiOn shall be vested in, and the manage
ment and control OF its affairs shall be eI-
ercised by a 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 ofthls corporation.
The first Board of Directors shall be COM
posed OF Victor Corrano, George j. Cajoeas,
and +. Roses. The officers OF the first board
shall be Victor Carrano. president; +. Roses,
vice president and George ]. Cajoleas, sec
| retary-treasurer. Said Board OF Directors
and Officers shall serve and 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.
| 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-
dent, yice-Presldent. and a Secretary
Treasurer.
| ARTICLE vI.-All the meetings OF the
stockholders shall be called by written no.
! tice, 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 yII.-Thls act OF Incorporation
! may be manded, modified, changed or altered
4 or this corporation may be dissolved with
| the assen. OF the stockholders holding and
owning three-fourths OF the capital stock
! thereof, who may be present or represe nted
| at = general meeting OF the stockholders con-
/ yened 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, It's affairs shall be liqudated 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 OF said cor
poratiOn shall be fully and finally liquidated.
Any vacancy occurring among the Nquldat-
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
the shares Of stock subscribed 10 or owned
by him; nor shall any mere informally In
the organization OF this corporation have
the effect OF rendering this charter null, or
of exposing the stockholders 70 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 aud passed In my notarial Of
ice, in the city OF New Orleans, In the
presence OF Messrs. Otto T. Hazenksmpf and
Eldon s. 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,
, (Slgned) Victor Carrano, % shares a.
500 90; George J. Cajoleas, "a shares a:
2 $4,000; f. Roses, share at $780, 90 tWlt'
! nesses) Eldon s. lazarus, Otto '. hasen'
kampf II. MICHEL, NJ!. Pup.
!. I, the undersigned recorder o! mortgages
Z In aud for the parish OF orleans, sts-s OF
4 Louisiana, do hereby certify that the sbcYt
8 and foregoing act OF incorporation or th'
J Carrano-Caj oleas Liquor Co was Us d1y
: duly recorded in my Office In book - -, I1I!'
. i. New Orleans, Sepl. 18th. 1919.
!. (SgnedD EXILE J, LDIS1AD'
Dy. Re-
= II. MICHEL,
= iseaD Not. PEo.
!; sep Is oct 2 o 10 % 80