The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25


? may think proper for the transaction Of the
business and affairs Of said corporation, and
change, alter and amend same at pleasure; APP
point and fix salaries Of all officers, clerks
and employees the same to change or dis
/ miss II pleasure, Tx salaries for officers pro.
vlded Tor herein, SELL convey, mortgage,
J pledge, lease, and purchase property, movable.
Immovable and personal; borrow money, issue
notes and bonds. lend money, make contracts
and sign and cause 70 he signed all ucCcs-
Sary acts, deeds, etc, to take judicial pro-
I ceedlngs IN the name Of and on behalf of this
corporation, and to do all things which may
be necessary to be done IN the management OF
SAID business and may be permitted by laws
applying TO corporations and declare diyI-
bends.
Article NllI-No stakeholder shall sell ~
dispose OF any OF his stock III the corpora
ton uHtI! he shall have tTst offered same %
ne other stockholders. Said offer Of sale |
shall be made in writing addressed and de J
livered 10 the president OF this corporation. /
and shall name the lowest price to~ said stock /
which said owner will take. The president I
shall acknowledge the receipt OF such notice ,
tents thereof to each stakeholder. After nj .
teen days from the receipt OF said written
otter and on failure of said stockholders OF /
any OF them TO purchase said stock, the owner
thereof shall be allowed to sell such stock so
offered to any other person or persons for
not less, however, than said price offered sand .
Stockholders hereof.
Article lN-Ihis act Of Incorporation may
p I
Poratlon may be dissolved with the assent OF
thrce-tourths Of all its outstanding stock nj
any general meeting Of the stockholders of
SAID corporation, convened for that purpose I
after previous notice given in the manner
hereiu3bove set forth IN Article VII. But any
and all meetings Of stockholders. whether for
purpose OF liquidation or for any other pur-
pose, may be held at any time without notice, .
by unanimous consent OF all stockholders in
writing filed with the secretary.
Article N-Ihe president, acting presi-
dent. pay in his discretion and shall. upon
the written request OF one stakeholder, call a
special meeting OF the stockholders of this
corporation.
Article NI-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 10 the company
him. shall any informality in the organi-
zation have the effect OF rendering this
charter null or of exposing the stockholders
TO any liability.
Article NII-Whenever this corporation is
dissolved, either by limitation or from any
other cause, its. affairs shall be liquidated
under the SUPPLEMENTARY OF two stockhold.
ers to be chosen for that purpose by ma
jority in amount Of the stockholders present
or represented at a general meeting of the
stockholders at which the election is held.
Said commissioners shall remain in office
until the affairs of said corporation shall have
been fully liquidated In case Of the death |
Of one of the commissioners, or refusal or
inability to act, the surviving remaining
shall continue TO act and shall
select another stakeholder in the place and
stead Of the commissioner who shall have
ceased to act.
This said charter shall serve as the orgi-
nal subscription list the subscribers hereto
having set opposite their respective names the
number of shares of stock for which they |