The herald., 1916-03-02

| capital stock. at a general meeting Of the
| stockholders convened for such purpose. after
notice shall have been given as. provided in
| Article OF this charter, provided that any
| change proposed or made in reference TO the
| capital stock shall be made in accordance
with the laws Of the State Of Louisiana reg
| ulating or providing for such change
! Article NlII.-Wheneyer said corporatio,
may be dissolved, whether by limitation or
| otherwise, its business and affairs shall be
| iqwdated by three liquidators, to be chosen
| by the stockholders at a general meeting
| convened for such purpose. at which meeting
! all stockholders shall be entitled 10 vote
| each according to his holdings, and of which
| meeting notice shall be given 10 the stock
| charter; and the votes of the owners of a
| majority III amount of the capital stock Of
said corporation represented at such meeting
| shall he requisite 70 elect Said liouidatorS
| shall remain in office until the affairs of said
| corporation shall have been fully liquidated T:
and IN case OF death or disability of any one
| OF SAID hquidatorS, the remaining lquida;ors
| shall appoint 4 successor to such Iuuidator
said hquidators shall act either with or
without court proceedings, as thev NAV see
mt, and are hereby given full power 10 collect
All amounts due the corporation, sell or other
wise dispose OF its assets, pay its debts and
Liabilities. and compromise and settle all
disputed questions and matters; and they
shal have, exercise and enjoy all the rights
powers privileges and compensation conferred
by law upon receivers, and are also given
all other powers necessary and usual 10 fully
and finally settle, wind up and liquidate all
the business and affairs of the corporation,
and distribute its net assets or funds amonr
its stockholders.
Article lN.-No subscriber for stock shall
be held liable for the contracts faults or
debts OF said corporation in any further sum
than the unpaid balance, if any, due the cor.
poration on the stock for which he has sub
scribed; nor shall any stakeholder ever be
held liable for such contracts, faults, or
debts, IN any further sum than the unpaid
balance, # any, on the stock owned by him:
nor snail any mere intormality in orsaniza.
ton have the effect Of rendering this charter
null, or rendering any subscriber or stock.
holder liable beyond the unpaid amount. il
any, remaining due on his stock
Article N-This corporation is organized
under the laws Of the State Of louisiana,
especially Act No. 27 Of 1914. and the sub.
Scrbers hereto, for themselves and said cor. |
porauon and for its officers, directors and
ot this Incorporation and part Of this charter. |
all the rights, powers. privileges and immu-
mites granted 10 and conferred upon corpo. |
-3iIous, and upon officers. directors and stock. 4
holders 90 corporations. hv said laws and
'a'd act-Such acceptance being as full, com
'lete and binding as if said rights. powers
privileges and imuuuiticS were set forth AZ
ull length in this instrument
Article NI.-Messrs. George Labarre. Rich.
rd Ldharre. Carlos Grevemberg Theodore
)uval and Bertrand Kern. whose post.ofice
ddreSSeS are set forth in Article MI Of
ms charter, have been selected as the first |
GARD of directors Of this corporation. and
hey shall select from their number pres
lent, vice-president and shall also select
secretary and treasurer, either or both Of