The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
CHARTERS.

such transfer shall be recorded on m,
books OF this corporation bolor, il shaI
I b" required TO recognize th- transfer o.
IA" new holder of said stock. The tora
amount Of the subscribed stock as herein
set forth j. the sum of twenty thousau,
! tS2OO0OO) dollars. OF two hundred COO
shares, which are hereby authorized To H
issued fully paid Tor and worcestershire
for cash.
In tn" event that any s'ockhoIdcr. Dc
>ir"S to sell his stock. or any part u
portion thereof, he shall first offer S4mt
to tn" remaining stockholders. in proper
ton to their respective holdings. at IT,
book value. This offer Is to be made {,
appear by letter addressed to each stock
holder az hts last known address. A.
the expiration of which time the stir
stakeholder desiring to sell his stock
shall be at liberty TO do 50 at whatever
prl'" and 10 whom b" shall please.
ARTICLE IX-This charter may b,
modified OF altered, the capital stool
thereof increased or decreased or thai
corporation may he dissolved with the as
sent Of two-thirds Of the capital >tocf
present or represented at any meeting
Of the stockholders held for that purpo>,
after prior notice In writing 10 each stock.
holder. mailed 10 him at his last known
post-officc address. all in accordance with
the terms of Act pa of 1914.
ARTICLE n At the expiration Of
this charter or the earlier dissolution OF
this corporation for any cause. its affairs
shall b" liquidated by one or more liqui-
datOrS To be elected hy the stockholders.
all Of whom shall hold stock in this cor
porItion. and said HquidatorS are hel,by
vested with full power and authoritS %
Hguldatc the affairs of said corporation.
ARTICLE NI-Thc apprarers hereby
declare that they have subscribed to the
following number Of share, of the capital
stock Of this corporation. tO-wir:
William e. KickEraf Jrlliod. Tenn. soy
"nty-fiye shares. William NJ Turnago.
PontchatouIa. La, fifty shares. Nelson
Jensen. No. l121 Napoleon avenue, New
Orleans. La. siNty-live shares. Mrs. Eliz-
aheth Jensen. 1927 Napoleon avenue. New
Orleans. La. ten shares. All OF which
shall hc paid in cash. except.
The subscription of William NJ Tur-
nag" for fifty shares fully paid for and
settled 10y the transfer by him TO TINS
corporation of the property which is fully
described on the detailed itcmiZed state
mcnt and description of said property
hereto annexed and read in connection
herewith and which said property was
duly appraised by the board of directors
of this corporation at the sum of five
CS5.OOO.OOJ dollars.
Thus done and passed at my office in
this city of New Orleans. Louisiana, on
the day. month and year hpreinabOye first
in the presence of Jones IT. Prov
I'll and Niram Keenan,. who hercunto sign
their names. together with the said ay-
bearers. who have also set opposite their
names the number of shares subscribed
by them. and me-, notary. all after due
reading of the whole
tOriginal Signed
W e. Zickgraf. Srvonty-five shares. per
y. Jensen: Elizabeth Jensen. ten shares.
per y. Jensen; y. Jensen. sixty five shares
W. VI. Turnage, fifty shares.
Witnesses:
! Z. Prowell
y. Keenan,.
JOHN II. UPTON,
Notary Public
|. the undersigned Recorder of Mort
cages. in and for the parish of Orleans,
state of Louisiana. do hereby certify that
the above and foregoing act of incOrpOr-
alton. of the WadeSbOrO Lumber Com
pany. Inc, was this day duly recorded
in my office, in book 123S, folio go.
New Orleans. March 10 1920.
(Signcd): EMILE j. LEONARD. u. Il.
y true copy.
JOHN Il. UPTON,
Notary Public.
March -. April 20.