The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22

CHARTERS.

then in Office shall hold over until their sue
ceSsors have been chosen and qualified.
ARTICLE VIII.-No stakeholder shall ever be
held liable or responsible for the contracts, taulIs
or debts Of this corporation, nor shall any mere
informalitv in lis organization have the cH'''
Of rendering this charter null, or OF exposing
its shareholders To any liability beyond the unpaid
balance due on the stock owned by them.
ARTICLE IX-An transfers Of the capital
stock Of this corporation shall be made on tny
books OF this corporation and no transfer shaI
he in any manner binding on this corporation
unless 50 entered No sale OF stock OF I'M,
CORPORATION shall be valid, unless hrst onered
tor a period OF thirty days, to the stockhollers
through the Board OF Directors, at price not "a
exceed its book value Upon the failure Ot the
stockholders to avail themselves Of such pur'
chase during the said period OF thirty DAYS
notation of such fact shall be made 10y the Sec
rctary upon such certificate or certificates hav'
ing been previously rendered in accordance here
with. and thereafter said stock may be sold WIN
out further restriction. Succeeding purchaser
thereof. shall, however, be required 10 Oner
the same To the stockholders for a term and at
value hereinabOve designated before disposinS
Of same and all stock acquired in this cor
poration shall be subject TO the provisions OF
this charter.
ARTICLE N.-ThS charter may be amended,
altered or changed, at a special meeting OF the
stockholders called for that purpose, after fifteen
DAYS notice 10y mail has been given TO the stock,
holders OF record, by vote OF two-thlFdS OF All
outstanding capital stock.
ARTICLE NI.-This corporation may he DIS
solved by a vote Of two-thrds Of all outstanding
stock, and upon complying with the requirements
of Section 2S Of Act 2G7 of the Louisiana Legls
ature for the year 1914, and in the event Of such
dissolution. HgudatorS shall be named and ap-
pointed with ali the necessary powers and author
ity rs set forth in said Act 267 OF 1914.
ARTICLE NII.--In addition to the powers
conferred on the Board Of Directors of this cor
poration. the said Board is specially vested with
the power of purchasing and acquiring such
business or businesses, As in its Judgment may
rebound to the interest and welfare OF tins cor
uuratiun and in payment thereof, to issue capital
stock of this corporation 10 such an amount as
in their judgment said business or businesses are
worth
ARTICLE NIH.-Whercas. the subscription of
Joseph Ariatti 10 the capital stock Of this cor
pJration consists in property TO be transferred
to this corporation, to-vit: His general tile
business, and all its assets, open accounts and
good Will, in accordance with the provisions OF
Section 3 of Act 2G7 Of the Louisiana L'gls-
lature OF 1914, there is now annexed, TO these
articles OF Incorporation, and to be read IN con
ncgtIon Herewith, accurate, detailed and
itruIizcd description Of such property, together
with statement Of its value appraised by
the directors of this corporation, the same as IL
set forth in this charter.
ARrltL LIE NlN.-The names and post office adj
dresses OF the subscribers to these articles OF in
corporation. and the number OF shares Of stock
subscribed by each, are as follows:
(NameS Of subscribers, their addresses and
Thus done and passed in my Office, on the
day and date first above written, in the presence
Of Mcssrs. Edgar VI. Calm and Irwin Thomas,
both competent witnesses, dOmIciled in this city,
who signed these presents, together with tie
parties and me, Notary, after a due reading Of
the whole, the parties hereto a;fxng opposite
their respective names their respective subsCrp-
tons to the capital stock of this corporation,
which shall constitute the original subscription
list OF all stock subscribed in this corporation.
Witnesses Edgar VI. Calm, Irwin Thomas.
THEODORE A SCHUBER,
Notary Public.
], the undersigned Recorder Of Mortgages, in
md for the Parish OF Orleans, State OF louisiana
10 hereby certify that the Act OF Incorporation Of
# the Jos. Aratti, Inc, was this day duly
recorded in my Office, in Book 1922, folio 27I.
New Orleans, July %, 1918.
(Signed) EMILE J. LEONARD, by. r.
\ true copy OF the original.
THEODORE A. SCHUBER
lSeaIl Notary Public.