The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-20
CHARTERS.

ration shall be required to draft suitable by
laws for the government OF the corporation,
which may be altered, amended or changed
as the exigencies of the case may require.
ARTICLE VII.-The stock of this corpora
tion may be transferred, provided, such trans
fer shall be recorded the Books of this
corporation before it shall be required to
recognize the transfer, or the new holder
Of the stock. The total amount of the sub
scribed stock, as herein set forth, is the
sum of Twenty Thousand (S20,0O0.0O) Dol
lars, Two Hundred 900 shares, of which
six thousand 100000 Dollars ,or Sixty
sued fully paid for and worcestershire, for
cash. In the event that any stakeholder de-
sires to sell his stock, or any part thereof,
he shall first offer same to the remaining
stockholders, in proportion to their respec-
tive holdings, at las book value. This
offer is to be made to appear by letter ad-
dressed to each stoceholder at his last
known address, giving thirty days option.
At the expiration of which time, the said
stakeholder desiring to dispose of his stock,
shall be at liberty TO sell at whatever price
and TO whom he may please.
ARTICLE VIII.-This charter may be
modified or altered, the capital stock thereof
increased or decreased, the corporation
may 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 to
each stakeholder, or mailed to him at his
last known post Office ADDRESS, all IN dc-
cordance with the terms of Act 267 of 1914
ARTICLE IX.-At the expiration of this
charter, the earlier dissolution of this cor
poration for any cause, its affairs shall be
liquidated by one or more lquidators to be
elected by the stockholders, all of whom shall
hold stock nthis corporation, and said IL
quidators are hereby vested with full power
and authority to liquidate the affairs of
said corporation, with full power to act un-
der the terms of Sec. 80 Of Act 267 of 1914
hat they
have subscribed to the following number of
shares of the capital stock of this corporation,
to-wit: Samuel A. Davis, Jr., twenty GO
shares; Charles E. Smith, twenty (20) shares;
Earl Bruce Rowan, forty (4O) shares. and
Otto F.. Briede, twenty (2O) shares. one-half
of which shall be paid in cash, and the re-
mainder within twelve months from the date
hereof.
Thus done and passed at my office in this
City of New Orleans, Louisiana, on the
day, month and year hereinabove first
written, in the presence Of Francis 7. Burns
and ]. y. Swing, competent witnesses, who
hereunto sign their names, together with the
said appearers and me. Notary and the said
appearers have also set opposite their names
the number of shares subscribed by them.
all after due reading of the whole.
Witnesses: Francis P. Burns, ]. N. Swing
20 shares; Chas. f. Smith, 20 shares; E. B.
Rowan, 20 shares; Otto F. Briede, 20 shares;
Eph. Rosenberg 20 shares.
JOHN r. UPTON,
Notary Public
I, the undersigned, Recorder of Mortgages:
in and for the Parish of Orleans, State of
Louisiana. do hereby certify that the above
and foregoing Act of Incorporation, of the
Smith Davis Company, Inc, was this day
duly recorded in my office, in Book l22S
Folio -.
New orleans. March 3rd 1919
(Signed EMILE J. LEONARD, by. r.
A true copy. -
JOHN r. UPTON.
Notary Public
Mar 6-13-2027; Apr $40