The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-30

purchase such share or interest, hereinafter
| called the purchasing Shareholder aud shall.
give notice thereof 90 the retiring share
holder, he shall he bound n such time ,.Iib.
IN fifteen days thereafter As the e,r1u1fly
! shaI! appoint upon payment Of the prescribed
! piicc' . transfer such share or interest tn
| inc purchasing ,hareholdcr That II ~ any
| case me T'uUuE shareholder after becoming
! bound as aforesaid. makes default IN trans.
| icTrrg such share or interest, the company
! may receive the purchase money and shall
| ihercupun cause the name Of the purchasing
| shaTcaoiqcr 20 be entered upon the register as
! the holder Of such share or interest and
| snail hold the purchase money IN Trust for
| the retiring shareholder, his executors. ai-
',lIis'dinT0 or assigns, and 'hc receipt OF
;hc company tor the purchase money shall
! be good discharge 10 the purchasing share.
| holder. and he shall not be bound to see 70
the application thereof, and after the name
Of the purchasing shareholder has been en-
| tered IN the register in purpprtcd exercise II
the aforesaid power, the Validity ii the pro-
'cedingS shall not be questioned by any per.
son, and the purchasing shareholder shall be
deemed and taken to be the owner oi the
sand share or interest That the prescribed
puce shall mean the amount paid in on such
snare or interest, plus The proportionate part
Of Undivided profits, provided that If instead
OF there being undivided profits there exists
an impairment OF capital Of the said COM
pany, then the proportionltc part Of such
impairment shall be deducted from the
amount paid In upon such share or interest
IN a>ceTtaiuing such prescribed price That
the company shall in all cases on receiving
notice Of desire to sell stock as aforesaid
allow the other shareholders the opportu-
nIty 10 take same IN proportion to their re-
npcCtIve holdings of stock in the company. !
making all necessary adjustments to ayao!d |
fractions Of shares, and Tor that purpose Civ |
ing the preference IN all cases 10 sharehold. |
ers who have the largest holdings
Article NlII.-lhlS charter may be mOdi- !
he'd, altered, the capital stock thereof in |
creased or decreased, or the corporation NAV
be dissolved with the assent Of two-thirdS OF |
the capital stock present or represented at /
any meeting OF the stockholders held for that |
purpose; after prior notice IN writing 10 each .
tockholder, or mailed to him at his last
known post office address, all in accordance
with the terms Of Act POI OF 1914
Article lN.-At the expiration OF this char
ter. or the earlier dissolution Of this cor.
1oration Tor any cause, its affairs shall be
lquiddted by one or more lquidators 10 be
elected by the stockholders, all Of whom shall
Mold stock in said company and said CON,
and authority to lqudatc the affairs Of said !
company, with full power 10 act
Article N.-Ihe appearers hereby declare
hat, they. have subscribed to the following
corporation. tO-wit: Charles +. Hardie. 1928
Arabella Street, New Orleans. louisiana
Oorty- nine shares; Edmund II. Fairchild. 55H
Pitt Street, New Orleans, louisiana forty
line shares; Edward K. Greenlaw. 2s35 Es-
'lanade Avenue. New Orleans, Louisiana.
me share: J.. William Zeringue. Station A
\ r. u, New orleans, LOUISIANA, one share.
Thus done and passed. in my office. IL the
lty Of New Orleans on the day, month and
ear, FIRST above written in the presence Of
4. Clair Adams and Arthur =. Portas, COM
etent witnesses, who have signed these {
resents together with the said atlantis and {
re. notary, after due reading Of the whole ! q
Original signed: J. w. Zeriugue. one share; I
.dmund II. Fairchild forty-nine shares; 5
harles F. Hardie, forty nine shares: Ed y
'ard X. Greenlaw. one share. Witnesses: St I I
lair Adams, Arthur T. Portas t
FRANCIS T. BURNS, Notary Public u
|, the undersigned, recorder of mortgages, a
and for the parish Of Orleans, State Of C
ouIsIana, do hereby certify that the above 5
nd foregoing act of Incorporation, of the ?
airchild Motor Car Company, incorporated. b
as this day duly recorded in my Office in a
ook ll95. folio - >
New Orleans. March IS. 1916 s
(SigneD EMILE J. LEONARD, by. r. G.
A true copy.
FRANCIS P. BURNS. Notary Public. 81
arch q 30 april Is 20 q e