The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-02


ments and public notices required by law,
the officers shall be jointly and severally
liable with the directors, as provided above /;
provided, however, that if the knowledge
required for the making of statement or re-
port as prescribed by law, be not practically
obtainable, the officer or director making il
shall not be liable as herein set out.
Article Widths act of incorporation may
De changed. modified or altered; or this cor.
poration may be dissolved with the assent
of the stockholders owning two-thirds (2-0
of the issued stock of this corporation, or
may be further modified with the assent of
the stockholders owning three-fourths go
of the issued stock Of this corporation; all
as is provided by Act No. 267 of the General
Assembly of the State of Louisiana, for the
year 1914, at a meeting of the stockholders
convened for that purpose, and after due
notice shall have been given each of said
stockholders as provided for in Article V,
of this charter or act of Incorporation, except
that whenever in the judgment of the board
of directors il shall be deemed advisable,
and for the benefit of said corporation that
it should be dissolved, the board of directors
within ten C0) days after the adoption of
resolution to that effect by a majority of the
whole board of directors, at a meeting called
for that purpose, Of which meeting each d.
rector shall have received at least three 90
days notice, shall cause notice of the adop-
ton of such resolution TO be mailed TO each
stakeholder, together with a notice of the
meeting of stockholders TO be held in the
office of the corporation TO take action upon
the resolution so adopted by the board Of
directors. In case of the dissolution of this
corporation, by the expiration of its char
ter or otherwise, the stockholders shall elect
three 90 liqudators from among their num-
Der, who shall have full power and author
ity to liquidate and settle the business and
affairs Of the company. In case of death or
disability Of any Of said liquidators, the sur
vvor or survivors, shall appoint a successor
or successors, TO him or them.
Article VIII-Unth the election to be
held on the second Monday in October, nine
teen hundred and seventeen QolD the fol-
lowing stockholders shall constitute the first
board of directors: John Peter Gerde, Ar
drew Hypolite Gerde, Eugene Lacoste. with
the said John Peter Gerde as president. An
and Eugene Lacoste as vice president, their
respective addresses being as follows: 1908
Valence street, corner Dryades street, New
Orleans, Louisiana; 47J Dryades street, New
Orleans, louisiana; and 1915 Bordeaux street,
New Orleans, louisiana
Article IX-The capital stock of this cor
poration, after having been transferred from
this corporation to a subscriber thereof, shall
not be sold or transferred or offered for sale
or transfer by such subscriber, without FIRST
having offered such stock TO this corporation
and to the stockholders Of this corporation at
the then market or book value thereof, which
market price shall be ascertained by the then
prevailing market price of such stock, If sucn
a price prevails at such time, when If not,
the book value Of such stock shall be ascer-
tanned either by an agreement OF the parties,
or by two competent and experienced bust
ness men, one to be chosen by the subscriber
and the other by this corporation or the