The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
CHARTERS.

shareholder of the company at the rs. 4
scribed price. That if the company KIN
within the space of thirty days after sn1
notice find shareholder desiring 10 NM,
chase Such share or interest hereinsfts.
called the purchasing SHAREHOLDER ssd 5
shall give notice thereof to the retirIns
shareholder, he shall be bound al suT
time within fifteen days thereafter. AZ IN
company shall appoint. upon payment 4
the prescribed price. to transfer such shsn
or interest TO the purchasing shareholder
That If in any case the retiring shan
holder. after becoming bound as aforeSals
makes default in transferring such shsr
or interest. the company may receive N,
purchase money and shall thereupon cans
the name Of the purchasing shareholier IA
he entered upon the register as the holder
of such share or interest and shall haa
the purchase money in trust for the n
firing shareholder. his executors, admins
traitors, or assigns, and the receipt Of tA
company for the purchase money shall b,
a good discharge to the purchasing share
holder, and he shall not be bound 10 ~
to the application thereof and after IA,
name of the purchasing shareholder hw
been entered in the register in purporu
exercise of the aforesaid power the val
idity of the proceedings shall not be Ques
toned by any person, and the purchasing
shareholder shall be deemed and taken %
be the owner of the said share or interest
amount paid in on such share or interes
plus the prOpOrtionate part Of undivda
profits. provided that it, instead Of then
being undivided profits. there exists a
impairment of capital of the said con
pany, then the prOpOrtiOnate part OF sua
impairment shall be deducted from he
amount paid in upon such shares or ID
terest in ascertaining such prescribe
price. That the company shall In all c2ss
on receiving notice Of desire TO sell steel
as aforesaid. allow the other shareholders
the opportunity to take same in proportie
TO their respective holdings Of stock IN iAt
company, making all necessary adjasr
ments to avoid fractions of shares and
for that purpose giving the preferenc u
all cases 10 shareholders who have NE
largest holdings.
ARTICLE NIII.-This charter mag b
modified, altered. the capital stock theFea
Increased or decreased. or the corporaus
! may be dissolved with the assent Of tst
! thirds of the capital stock present
| represented at any meeting OF the sea
holders held for that purpose, after pref
| notice in writing to each stoekholder,
| mailed to him at his last known posfoilr
address. all in accordance with the terms
of Act 26f of 1914.
ARTICLE IN.-At the expiration Of this
| charter, or the earlier dissolution OF tAs
| corporation for any cause. its affairs nah
1 wv ny lNO hlOht htes~-.-s
to be elected by the stockholders, al
| whom shall hold stock in said COMPANY;
| and said commissioners are hereby ses'r
with full power and authority 10 llquiaans
| the affairs of said company, Win iaa
power to act.
| ARTICLE X.-The appearers hereby as
clare that they have subscribed TO the im
| lowing number of shares OF the csp's'
| stock of this corporation. town.:
| John T. Gibbon, Jr., zoos Canal slrc.
New Orleans. Louisiana. two hundred aa ~.
thirty (230) shares +. J. Domergue, seua
CarrolltOn Avenue, corner Cshn street ~
Orleans, Louisiana. one hundred a.
, eighty CSO) shares David Siyewright - -
| Elm St. New Orleans, Louisiana, fifly ~
I shares +. NJ Schlegel. SOIL Hickory s'Iu.
: New Orleans, Louisiana, fifty toel s s..rs
and Henry ii. FlaspolIer. 1923 state s'lssi
New Orleans. Louisiana. two hundred an
forty GAO shares.
Thus done and passed, in my oilcs;
the City of New Orleans, on the " Y.
month and year first above written IN
! presence of St Clair Adams ana q,
Swing. competent witnesses, VINO 4.
signed these presents. together WIN -.
reading of the whole.
(Original signed)
JOHN +. GIBBONS, JR-
Two hundred and thirty t25Oj s"a''~
| f. J. DOMERGUE,
One hundred and eighty shareA
DAVID SIVEWRIGHT.
Fifty shares
Fifty shares
HENRY II. FLASP0LLLh.
Two hundred and forty sIs sa
FRANCIS =. BURNs
Notary PubE
Witnesses: st. Clair Adams, ]. \. 49, 49,.
j. the undersigned Recorder Of asss.s<
cages. in and for the Parish OF W, M
State of Louisiana. do hereby eertny ~,
the above and foregoing Act Of ineo,f'is Ia.
ton of the Pelican Cracker Faeto,xs OLA il
corpOrated, was this day duly recoi'x M
my office in Book 1242, foio
Orleans, July -. 1920.
(Signed) EMILE J. Lbos4nn nv
y true 'Op'' FRANCIS p. burns.
Notary Pubr' (
| IuI,. An.r