The herald., 1920-06-24
CHARTER.

holder Of Common Stock OF the desire OF
the member aforesaid to sell said stock'
ARTICLE V-The capital stock or TINS
cornorotion shall be Ten Thousand doi-
lars. 100000 O) divided into sixty loul
shares of Common STOCK o. lHe -
yoInc Of one Hundred Dollars per snare.
md Forty shares of Pre-trred STOCK OF
tbe mar value of One Hundred Dollars
per share. which said Preferred n.1oh
shall be non-vOting and non-partlclpaIIhS
tarrst payabIe annually. 5nG the holuers
thereof shall be preferred IN the paSmeni
of dividends of any net prOlltS OF edrheI
surplus over Common Stockholders anu
| said Preferred Stock shall be subject 10
redcmutiou I'm whole or in part AT any
;ntcrrst having period without previous
! rotire. stock NAV be issued IN eNchahSe
/ for propcrty. good will, services or LOT
The stock OF other corporations
Fifty per cent. of the capital STOCK Oh
| this corporation must be d'Iu"!IH SUI
srribed before the filing of articles OF IN
CORPORATION. and fifty per cent; OF lhe
| Saii amount so subscribed shall De nc
| tugiIy paid in before the corporation en-
cages ia business, and the rehalhGer
within twelve months thereafter. me
ranitaI stock may be Increased 10 one
| Hundred Thousand Dollars by a Two
thirds vote of all Common Stock.
ARTICLE Who stOcHnolder shall ever
become or he held liable Tor the Con'TaCto'
fauIts or debts of said corporation IN any
further sum than the unpaid balance que
arJ owing on stock subscribed by him,
or purchased by him., nor shall any mere
iuformality ia organization have the el-
feet Of rendering this charter nun OF
of exposing any stockholder 10 nanny
other than as hereinaboYe PROVIDED III thI'
| article.
ARTICLE VU-Tht. corporation may. at
n meeting of stockholders duly called Tor
Tho purpose. by a yOrc of two-thlrdS OF
! all of its stock, amend ITS artlclts OF III
| corporation in any manner cOntorlhaole 10
law. \ change in objects ana PuVpos's
| may be voted by all stock issued, ana an
increase in the capital stock beyond the
I sum of 100000 may be maze by a three
fOurthS vote Of all stock OUTSTANDING ms
CORPORATION may be dissolved in the tollO"-
| ing manner: Whenever in the Judgment OF
1 tho hoard of directors il shall be deemed
! advisable, the board, within III days AFTER
the adoption of a resolution to that erect
by a majority of the whole board NJ any
meeting called for that purpose, OF Whlch
meeting each director shall receive three
DAYS notice, shall cause said notice OF the
gdopti0n of such resolution TO De malieu
each stakeholder, together win a hollCe
Of a meeting Of the stockholders 10 De
held at the office of the corporation, 10 tahe
action upon said resolution, which meet
Ing may Ice adjourned from time to time,
and shall be held between 10 a. m. ana !
u. NJ. If at any such meeting, --orus III
interest of all the stockholders shall Nott
that "A dissolution take place, a certlfleu
cOpy of such resolution, signed by th2
presiding officer and secretary shall DC
filed in the office of the secretary 81
state. together with a list of the names anu
residences of the directors and Officers
certified by the president and secretary u
the corporation. who, if satisfied with tn
proof Of compliance with law, snail lssu'
n certificate that the foregoing document
have been filed, and the corporation sinai
then stand dissolved, and the board shai
publish a notice of such dissolution no
? less than three times in a paper publishe'
, in the Parish of Orleans and the corpora
ton shall proceed to settle up and adJus
, its business and affairs. If all stock
holders consent in writing to a dissolution
then on filing such consent in the offic
= of the secretary of state, he shall lsSu
: his certificate as aforesaid, and thereupo
: the corporation shall WIND up It's affair
and settle its business as il the diSsoluti0
had taken place at a meeting for that pul
pose. Upon dissolution, the STOCKHOLDERS
-, shall elect from their number one or mol
u liquidatOrs. with full power to settle Il
. affairs, collect the outstanding debts, Sc
Z and convey the property, pay its deb
and divide the remainder among the stool
|. holders. who shall have power to meet an
act under the bylaws and under reSul
y tons to be made by a majority OF SUE
liquidators. to fix the price and present.
d the terms and conditions of sale and tai
nOItS GuO JULIUS W "VA
Is otherwise for part or all of the purcha
10 price: to sue for and recover the debts al
d property Of the corporation and to he SUE
10 likewise. Said liquidators to receive SUI
compensation as may be agreed on by u
stockholders, at the time OF their electro
m ARTICLE vIII-The subscribers her
to have each, in order that this chart
shall serve as an original subscription lis
= indicated opposite their respective nam
and signatures the number OF shares
, stock subscribed for by each.
Thus done and passed in my office
a the city of New Orleans, La, in the pre-
v ence of Daniel Vending and Ii. Brow
: competent witnesses residing in this cit
a who have hereunto signed their names wi
the said appearers and me, notary, aft
due reading of the whole.
Is Original signed Il. G. Fitzgerald, Ne
" Orleans, La, 20 cOmmOn shares; Ii. Car
Sc pagna, New Orleans, La, 20 comm,
r shares: +. W. CalOngne, JT-, New OrleaI
III La, 20 common shares.
t ETHELRED NJ. STAFFORD,
~ Notary Publ
I. the undersigned, Recorder of Mo-
Id cages, in and for the parish of Orleal
Id state of Louisiana. do hereby certify th
s. the act of incorporation, OF the Autom
or tive Road Insurance Inc was this d
n. duly recorded in my office in book u
at folio....
nd New Orleans. May 81. 1920.
en- (Signed) EMILE j.. LEONARD, ID. Il
ry 4 true copy.
Notary Pub
ed, June 3-July 8.
CHARTER OF JOHNSON IRON wORI
lfn No. InEE MN MN