The herald., 1920-11-11
CHARTER.

ana treasurer. 1t NAV combine the Of
noes OF Secretary and Treasurer Said
Board Of Directors shall have the richt
ana power to appoint other agents and
employees, who, respectively. shall have
Su,n power and perform such duties as
may be prescribed by the bylaws and
VINO may be employed and removed at the
pleasure OF the Director or Directors dele
SaTed such authority by the bylaws
Inc names and addresses of the first
Board of Directors are as follows:
=. Peter VI. Joachim, 1915 Josephine Street
New orleans, La; Sid II. HaSam, 1918
w wetTrs AA Avenue New Orleans, La, and
! Orleaus, La. The said Peter VI. Joachim
Shall be the President, the said Sid III
HaSam shall be the Vice President. and the
sald j.. Walter Michel shall be the Score
/ tary Treasurer of the Board of Directors
ARTICLE NIlI-Eyery subscriber to the
/ capital stock of this corporation, though
not holder, shall be personally liable to
the creditors of the corporation to an
/ amount equal to the unpaid balance on the
stock for which he has subscribed Trans
| tereeS shall not be liable unless it be shown
tnat the STOCK was acquired with knowl-
edge of the conditions which would make
the subscriber liable, where both sub
scrlber and transferee are liable. the Iabil-
| ty shall be in sOlidO. and the liability
shaIl continue as to both arcr any dis
: POS-il OF the stock. No stOgkhOldpr eyer
snail be liable or responsible for the con
/ tracts or faults Of this corporation in any
luTJher sum than is above provided, nor
ShaIl any mere lnfOrmaiity in organization
Z nave the effect of rendering this charter
nun or OF exposing stOckhOlder to any
Ilablilty other than as above provided.
ARTICLE NI.-This CORPORATION NAV he
dissolved with the assent of the stock
holders owning twO-thirds of the issued
capital stock of the corporation at a meet
Ing convened for that purpose after motto
OF such meeting shall have been given t.
rach stakeholder in accordance with law
In the event Of the dissolution of this cor
p0rallOn, tn" business and affairs of IN.
corporation shall be settled by three liuui-
ddtorS 10 bc elected by the stockholders
rom among their number at the meeting
which decides to hQuidatc. The compcn-
~ailpn OF IA" said hqUidat0rS shall be-,
nNrd ut tn" meeting at which they are
elected. Said HquidatOrs shall have fuI.
power ana authority To settle the rutir,
business and affairs Of the corporation. In
The event Of the death or inability of any
of said fquidatOTS, the survivor or sur
NlN"TN shall appoint Il successor or sue
'rs~orS 10 him or them from among the
stockholders.
The subscribers hereto have given on
post" jLelr respective names the amount
OF stock hereto subscribed by them. 50 TIM
this act Of Incorporation may also serve
as the original substitution list of this
corporation.
In part payment Of their respective sub
S'ripuonS Of thirty aud forty shares Of
The capital stock Of this company, Joseph
W. Michel and Peter VI. Joachim hereby
transfer 10 the company their and each OF
Their interest in and TO the assets OF the
sHInI,fnn ~ Tho ,,,! 49,, ~ ~ ~
nf ~. ia rni,,r,, - - I,. .t"tlt' -
oiJ .,rrI and iioi,irf,},E "H',n
described and which said assets and in
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vii. - ''''' f'"' 49, ''''0"S' ~
E.1,rrc sr..- 81 C,Ir,,,.fo D. r-,.,--,.
Sanf.,,'Isr a"th 1000 "iui'O'' DoA I"''o'E'
''p''''o'' -O'"' ~ -.
CI-pprE-r
r,.h IN hand or5 In h,,L r---o
Accounts raraiyaLic - - -
Iuy.nforv tiuisb"d hn,o. 30 -
In mr,m,ory nmiSn ,i ooAeS''''-.'.' ~ ~ >,