The herald., 1916-03-16

meeting called for the purpose.
Article Widths charter may be modified.
changed or altered with the assent Of stock
holders owning two thirds OF the entire
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 70 the
capital stock shall be made in accordance
with the laws of the State OF Louisiana reg
ulating or providing for such change
Article NIII.-Nheucver said corporation
may be al sSolvcd. whether by limitation or
otherwise, It's business and affairs shall be
liquidatcd hy three hquIdatorS, to be chosen
by the stockholders at a general meeting
convened for such purpose, al which meeting
all stockholders shall be entitled to vote,
each according to his holdings, and Of which
meeting notice shall he given to the stock
holders provided IN Article Of this
charter; and the votes Of the owners OF a
majority IN amount OF the capital stock Of
said corporation represented at such meeting
shall Ne requisite to elect. Said liguidators
shall remain in Office until the affairs OF said
corporation shall have been fully liQuidated {:
and in case of death or disability Of any one
of said liquidators. the remaining liquidators
shall appoint 4 successor TO such hquidatOr.
Said liquidators shall act either with or
without court proceedings, as they may see
mt, and are hereby given full power 20 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
shall have. exercise and enjoy all the rights,
powers, privileges and compensation conferred
nv law upon receivers, and are also given
all other powers necessary and usual 20 fully
and finally settle, wind up and liquidate all
the business and affairs Of the corporation,
and distribute its net assets or funds among
its stockholders.
Article IN-No subscriber for stock shall
Ne 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
Scrihed: nor shall any stakeholder ever be
held liable for such contracts, faults, or
debts in any further sum than the unpaid
balance, If any. on the stock owned by him
nor shall any mere informality in organiza-
ton have the effect Of rendering this charter
NULL or rendering any subscriber or stock
holder liable beyond the unpaid amount, II
any, remaining due on his stock
Article N-ThIS corporation is organized
under the laws Of the State OF Louisiana
especially Act No. ~ Of 1914 and the sub
scribers hereto, for themselves and said cor
pOration and for its officers, directors and
stockholders, hereby accept, as conditions
Of this Incorporation and part of this charter,
all the rights, powers, privileges and iuimu'
mites granted 20 and conferred upon corpo-
, ratons. and upon officers, directors and stock
holders OF corporations, by said laws and
said act-such acceptance being as full, COM
pete and binding as II said rights, powers,
privileges and immunities were set forth at
full length in this instrument
Article XI-Messrs. George Labarre, Rich.
ard Labarre, Carlos Greyemberg, Theodore
Duval and Bertrand Kern, whose post-off &c
addresses are set forth in Article MI of
this charter. have been selected as the first
board of directors of this corporation; and
they shall select from their number a pres
ident, a viee-president and shall also select
a secretary and treasurer, either or both OF