The herald., 1914-11-12
ARTICLE VI.


This act of incorporation may be changed,
altered or modified. or the capital stock may
be increased or decreased, with the assent
duly called for that purpose after ten days
due advertisement in one OF the daily news
papers of this city, and after written notice
mailed to each stakeholder at his last known
address; provided, however, that the objects
and purposes of incorporation shall not be
changed, and the capital stock shall not be
increased to more than the maximum per
mitted in the original act of incorporation,
nor decreased TO an amount less than the
corporate Indebtedness. A change in objects
and purposes may, however, be voted by all
stock heretofore issued, and an increase OF
the capital stock in excess OF the amount
originally named the sum to which the
capital may be increased may be made by
three-fourths Of all its outstanding stock.
ARTICLE VII.
No stakeholder shall ever be held liable or
responsible for the contracts or faults of said
corporation in any further sum than the un.
paid balance due on the shares of stock owned
by him; nor shall any mere infornality in or
ganization have the effect of rendering this
charter null or exposing a stakeholder to any
liability beyond the amount OF his unpaid
stock; nor shall any infOrmality or irregu-
larity in organization ever have the effect of
rendering any stakeholder liable as a part
ner.
ARTICLE VIII.
Whenever this corporation is dissolved,
either by limitation of time or by the deter
mnation of the stockholders, its affairs shall
be liquidated under the supervision of two
liquidators to be appointed for that purpose
at a general meeting of the stockholders con-
vened after ten days notice, which shall have
been sent by mail to the addresses OF all the
stockholders, whose addresses shall be known
to, who shall have left their address with
the Secretary, and shall be published for fiji
teen days in one of the daily newspapers pub
lished in this city.
AT such meeting to consider the liquidation
fha he cha1 he do
| termined by the consent of two-thirds of all
| the outstanding stock, present or represented
at such meeting. In case of the death or in
ability of one of the liqudators, the survivor
shall act alone.
ARTICLE TX.
| The names and postoffice addresses of the
| subscribers to the STOCK of this corporation
! and the number of shares subscribed for by
each of them are as follows:
| Albert ]. Nelson, 42S Lowerline
Street, New Orleans .-..--....-..-... IS shares
4 William L. Stevens, Stevendale, La. l share
| Charles S. Barnes, H2l Robert
| Street, New Orleans ------.--.-------.- / share
| James 7. Mann, 1923 Zimple Street,
New Orleans share
Total number of shares sub
| sCribed for .-..-..-..-.-.... -------------- 7S
| The subscribers to this act of Incorporation
have also written opposite their names, re-
| spectively, the amount of stock OF this cor.
poration subscribed for by each of them, Sc
| that this charter may also serve as the orig
4 NAL subscription list of said corporation, and
they have also attached hereto a description
OF the property TO be transferred to said cor
poratiOn in payment of stock subscribed for
together with the valuation placed thereon By
the Board of Directors, named in this char
ter.
THUS DONE AND PASSED. at the Cit,
of New Orleans, on the day, month and veal
hereinabove first written, in the presence Of
J. NJ. Rolloson and John Smith, competent wit
| neSseS, who hereunto sign their names with
| the said appearers and me, notary, after du,
| reading of the whole.
(Signed)
A. ]. Nelson, IS shares
w. L. Stevens, share
| ]. T. Mann, | share
c. s. Barnes, l share
]. NJ. Rolloson,
| John Smith,
(SeaD FRED. c. MARX,
Notary Public.
State of Louisiana, Parish of Orleans, City
of New Orleans.
/, the undersigned Recorder of Mortgage.
| in and for the Parish of Orleans, State o.
| Louisiana, do hereby certify that the above
| and foregoing act of Incorporation, together
| with the annexed exhibit of property to bc
| transferred to said corporation, which corpor
| alton is known as the Stevendale Land Com
pany, incorporated, was this day duly record
ed in my office in Book ll27, folio =.
New Orleans, La, October 18th, 1914.
| (Signed) EMILE ]. LEONARD,
Deputy Recorder.
FRED. c. MARX, Notary Public.
Oct. ls-22-D, Nov. s-12-l9