The herald., 1915-05-06

shall first offer his stock to the corporation
at his lowest price and the corporation shall
have thirty days in which 10 exercise ITS
option to purchase the same. On ITS refusal
to purchase the stockholders shall nave ten
DAVIS to exercise their option to purchase such
stock at said price. After the expiration OF
such time the stockholders shall be free to
make any other sale OF his stock.
Article NII-The names and places OF resi-
dence of the incorporated members OF the sub
scribers hereto and the number Of shares. sub
scribed by each OF them are as follows:
Roman l.. NiguerIe, AT =. Pierce ST, two
hundred and ninety-eight tSS); James l.
Smith. 4426 Dryades St, one share ~; John
d. Murphy, l2l y. Scott St, one share a.;
lanes /. Smith has this day paid IN cash
the sum Of one hundred dollars being IN full
PAYMENT for the share OF stock subscribed by
him. John d. Murphy has tins day paid IN
cash the sum Of one hundred dollars CSlOOOO)
in full payment Of the share OF stock sub
scribed Iy him.
In payment of the two hundred and ninety
eight shares Of stock subscribed by Roman
l.. Niguerie the said Roman l.. Nlguerie does
bv these presents. transfer TO this corporation
the business now carried on At No. 3l Decatur
street together with the stock, merchandise.
accounts receivable, cash in bank, licenses:
stationery, bills. receivable, stocks and
bonds, horses, vehicles, ONCE and store iur,
uiture and fixtures, merchandise IN bonded
warehouse and m transit. copyrights and good
will all OF which has been appraised by the
directors and IuC0TpUratOrs 1t the sum OF
sixrv-rire thousand four hundred and seventy
and ll-lOO dollars, tSo9,47O.llD less hve hun
dred dollars for bad accounts and which
values has been agreed upon as the face
market value OF all Of said property, this
corporation assuming the following Liabilities
due by said business as follows:
Salaries due and unpaid, $4,000; rent,
$1,000, due creditors, S~5o,577.%+ Total, 49,
lS394.
Leaving the said X. l.. Viguerie a creditor OF
this corporation for the sum OF one thousand
seven hundred and cigthy-sIX and H-loO dol
detailed and itcmized statements hereto an
nexed and made part hereof. 49,,
Article NIll.-\o stakeholder shall be held
liable or responsible for the contracts or faults
Of this corporation in any further sum than
the unpaid balance due 10 the corporation on
the shares owned by him nor shall any mere
iuformality in organization have the effect OF
rendering this charter null or Of exposing a
stakeholder TO liability beyond the amount OF
his unpaid stock, If any.
Thus done and passed. in my office at the
CITY OF New Orleans, on the day, month and
wear herein first above written IN the pres
ence OF Mcssrs. J. PONIES and Frank +. Federico
competent witnesses who have hereunto signed
with the said appearers and me, Notary, after
| reading Of the whole. Original signed Ro'
main L. Viguerie, James l.. Smith, John d.
Murphy, ]. PONIES, Frank F. Federico,
Emile PONIES. Not. Pub.
|. the undersigned recorder of mortgages
in and for the Parish of Orleans, State OF
Louisiana. do hereby certify that the above
Niguerie Distributing Co, Inc, was this day
duly recorded in my office, book llS, folio l5S
New Orleans, La, April 9th, 1915. (Slgned.
| Emile !. Leonard. by. X.
A true copy. Emile PONIES, Notary Public
Apr. 22-S May 6-l5-zO-27, 1915.