The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-26

both after any disposal of the stock rur-
Their, that if stock be issued Tor properly az
any dividend or other distribution OF the as
sets bemade other than from net prohtS' OF !
if a reduction Of capital be made under inc |
gulse OF a loan to stockholders, or II any
-snort or statement or public notice shaiI
not he made as required by law, or II mace
shall he false in any material representa-
tion, the directors OF snch COZ and
or asserting thereto shall be JOINTLY ana
SeycraIly liable 10 the creditors OF this cor
poratiOn for any loss or damage arising
thercfrom, and in the case OF reports state
mcnts and public notices required by law,
The officers shall be jointly and severaIly
liable with the directors, as provided above;
provided. however, that II the knowledge
REQUIRED for the making OF statement or re
port as prescribed by law, be not practically
al,tainabie the officer director making II
shall not be liable as herein set out.
Article VII-This act Of incorporation may
be changed, modified or altered, or TINS cor.
OF the stockholders owning two-thrds (Z-O
Of the issued stock Of this corporation, or
NAV be further modified with the assent OF
the stockholders owning three-iouTtns NS-+I
ri the issued stock Of this corporation; all
as is provided by Act No 267 OF the General
Assembly Of the State OF LOUISIANA, ior the
| year 1914 at a meeting OF the stockholders
/ convened for that purpose, and aiter que
notice shall have been given each OF said
stockholders as provided for in Article ',
of this charter act OF Incorporation, except
I that whenever IN the Jug "a NA.N
of directors it shall be deemed advisable,
and for the benefit Of said corporation that
, il should be dissolved the board OF directors
I within ten GO) days after the adoption OF a
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 iS)
/ days notice, shall cause notice OF the adop-
/ ton Of such resolution to be mailed to each
: stakeholder, together with a notice OF Inc
meeting of stockholders to be held in the
office of the corporation TO take action upon
the resolution adopted by the board OF
directors In case of the dissolution OF this
/ CORPORATION, by the expiration OF IT'S CHAR
ter or otherwise, the stockholders shall elect
| her, who shall have full power and author.
! Itv 10 liGuidate and settle the business and
affairs Of the company. In case OF death or
/ disability OF any Of said liquidators, the sur
vvor survivors, shall appoint a successor
/ or successors, 10 him or them.
Article VIII.-UntM the election TO be
held on the second Monday in October, nine
! teen hundred and seventeen QelD the toll
lowing stockholders shall constitute the hrst
/ board of directors: John Peter Gerde, An
| drew Hypolite Gerde, Eugene Lacoste, with
the said John Peter Gerde as president, An
drew Hypohte Gerde as secretary-treasurer,
/ and Eugene Lacoste as vice-president, their
respective addresses being as follows: 1908
, Naience street corner Dryades street, New
/ Orleans, Louisiana; 47I Dryades street, New
Orleans, LOUISIANA; and l9lS bordeaux street,
New Orleans, Louisiana.
Article IX-The capital stock of this cor
poration, after having been transferred from
thTs corporation to a subscriber thereof, shall
not be sold or transferred or offered for sale
or transfer by such subscriber, without hrst
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 ascerta1ned by the then
prevailing market price of such stock, II such
a price prevails at such time, when If not,
the book value of such stock shall be escer-
tanned either by agreement OF the parties,
or by two competent and experienced busi-
ness men. one TO be chosen by the subscriber
and the other by this corporation or the
stockholders or stockholder, prospective pur-
chaser when If said two parties cannot agree
upon book value, such two parties SO chosen
to choose a third party, when the majority
opinion shall prevail In the event OF the
demise of a holder or holders of the stock
OF this corporation the administrator, exec
utor or representative of his estate TO imme'
datey tender such stock to this corporation
and the stockholders thereof on the same
basis Such offer and tender TO be made by
the holder or holders OF such stock TO this
corporation and the stockholders thereof by
the mailing of a registered letter containing
such offer tender addressed to the last
known addresses OF this corporation and SAID
stockholders. Such offer or tender 20 remain
open for a period OF thirty 800 days from
the date Of the mailing of such registered
letters, when if not availed of, such holder
or holders to be released to make sale or
transfer as he sees fit. In the event of this
corporation not availing itself of such offer
or tender such stock so offered TO be equally
pro rated between the stockholders OF tins
corporation should they so desire TO avail
themselves thereof, when If they do not such
stock might be purchased by such stock
holders so desiring to acquire same. 10
such extent all stock as issued by this cor
poratiOn shall be non negotiable.
Article X.-Whereas, John Peter Gerde and
Andrew Hypolite Gerde have offered for sale
on the basis of subscriptions TO the capital
stock of this corporation, to Lacoste BROS,
Inc, the corporation which is presently being
organized under the laws of the State oil
Louisiana, and for and in consideration OF
the price hereinafter mentioned and tor
hereinafter appraised by all of the directors
hereof and concerning which accurate de-
tailed and itemized description of such prop
erty, as to amount, location, extent, character
and state of improvement appears herein and
is made part hereof, and which said herein
. after mentioned consideration is herewith
being paid and acquittance and receipt giver
therefor in the capital stock Of this corpora
ton, the following, described property j:
herewith and by virtue of these present:
, sold, granted, bargained, set-over, assigned
{ conveyed and delivered with full legal war
, rarties and with full substitution and subro
, cations to all rights and actions OF warranty
I which said vendors might have or had agains
any preceding vendors unto the said Lacost'
D Bros Inc, the corporation which IS beint
{ presently organized under and by virtue o
, the laws OF the State of louisiana, and
i which said vendors thereof, the said Johr
! Peter Gerde, declared unto me notary, tina
ne has been married but once and then t.
/. Katherine Lannes, who is presently livinl
a and residing with him in this city, parish
{ and State as aforesaid; and the said Andrew
. Hypolite Gerde, declared unto me notary
a that he is not now nor has he ever beer
e married; the said real estate and improve
r ments as is herewith transferred being de
n scribed as follows:
O LIST: Two certain lots of ground with I'll,
n buildings and improvements thereon, situated
e in the Sixth District of this city, in th'
= square bounded by Valence, Dryades, Bor
S designated as Lots Nos. Q0 and QD, thir
r teen and fourteen, on a plan drawn by c. A
d Hedin, Surveyor, deposited in the office o
: Theodore Guyol, notary public, of this city
v as plan No. 10, said lots each measuring
: thirty GOD feet front on Valence street, b,
!. a depth of one hundred and twenty Q1OO be
v tween parallel lines. Lot No. thirteen Q3
n forms the corner of Dryades and Valenc'
d streets.
j. buildings and improvements thereon in thu
s same district and square as above describes
/, property designated by the Nos. fifteen Us
d and sixteen 90 on the above mentioned plal
/. of C. A. Hedin, Surveyor, said lots measur
d ing each thirty" (30O feet front on Valenc,
: street by one hundred and twenty Q10) fee
II in depth between parallel lines
e 3rd: Two certain lots Of ground with tn
e buildings and improvements erected thereon
a the Sixth District of the City Of New Or
y leans, in Square No. 49, bounded by Dor
n deaux, Drysdes, Valence and St. Denis (nov
4 Rampartl streets, designated by The Nos
e eleven ~ and twelve C2), each measuring
5. thirty (50) feet front on Dryades street, b,