The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
CHARTERS.

shareholder Of the company at the pre-
srribed price That if the company shall
within the space of thirty days after such
notice find a shareholder desiring to pur-
chase such share or interest, hereinafter
called the purchasing shareholder" and
shall give notice thereof to the retiring
shareholder he shall be bound mt such
tine within fifteen days thereafter. as the
company shall appoint. upon payment of
the prescribed price. TO transfer such share
or interest to the purchasing shareholder.
That II in any case the retiring share
holder, after becoming bound as aforesaid.
makes default in transferring such share
Or interest. the company may receive the
purchase money and shall thereupon cause
The name Of the purchasing shareholder to
be entered upon the register as the holder
Of such share or interest. and shall hold
the purchase money in trust for the re-
firing shareholder, his executors, admins
traitors, or assigns, and the receipt of the
company for the purchase money shall be
good discharge To the purchasing share
holder, and he shall not be bound to see
% the application thereof. and after the
name Of the purchasing shareholder has
been entered in the register in purpOrted
exercise Of the aforesaid power, the val
hty Of the proceedings shall not be Ques-
toned by any person. and the purchasing
shareholder shall be deemed and taken to
Be the owner OF the said share or interest.
That the prescribed price shall mean the
amount paid In on such share or interest,
plus the proportionate part of undivided
profits, provided that IL, instead of there
being undivided profits, there exists an
impairment of capital of the said com
pany, then the propOrtiOnate part of such
impairment shall be deducted from the
amount paid in upon such shares or in
terest in, ascertaining such prescribed
price. That the company shall In all cases
On receiving notice of desire to sell stock
IS Aforesaid, allow the other shareholders
the opportunity to take same in proportion
% their respective holdings of stock in the
company. making all necessary adjust
nents to avoid fractions of shares. and
fof that purpose giving the preference in
al cases to shareholders who have the
hrgest holdings.
ARTICLE yIII.-This charter may be
modified. altered, the capital stock thereof
increased or decreased. or the corporation
nay be dissolved with the assent of two
nirds Of the capital stock present or
represented at any meeting of the stock
toioers held for that purpose, after prior
hotlce In writing to each stakeholder. or
naled to him at his last known postoffice
address,, all in accordance with the terms
Act 267 Of 1914.
ARTICLE IX.--At the expiration Of this
charter, or the earlier dissolution of this
eofporation for any cause. its affairs shall
w nquidated by two or more liquidatOrS
y De elected by the stockholders. all of
won shall hold stock in said company.
ana said commissioners are hereby vested
sAh null power and authority to liquidate
me affairs of said company. with full
power to act
ARTICLE X.-The appearers hereby de-
1sre mat they have subscribed to the fol-
Ssihg number of shares of the capital
"~A Oh this corporation, to-wit:
sohn i. GibbOn, Jr.. 2O06 Canal Street,
~ ~ orleans, Louisiana. two hundred and
sssrv wv shares; +. J. Domergue, South
ol.uaton Avenue, corner Cshn Street, New
s.ssl Louisiana, one hundred and
M ag tiSo) shares; David Sivewright, 1924
an IN o. New Orleans. Louisiana, fifty 500
~. r. M Schlegel, SOIL Hickory Street,
s,s ,vrieans, Louisiana. fifty (JO) shares,
~. nnenry II. Flaspoller, 1929 State Street.
"fy GAO shares.
=. .ans done and passed. in my office, In
ne Sity Of New Orleans. on the day,
n,s ssa and year first above written, in the
sw,nce OF ST. Clair Adams and j. ~
sI...s competent witnesses who have
sssS these presents. together with the
rsdingg p ~ and me. Notary. after due
'sseo, ulg OF the whole.
tVrginal signed:
~ JOHN I. GIBBONS, JR..
hundred and thirty (230) shares.
T.. J. DOMERGCE.
one hundred and eighty shares.
DAVID SIyEWRIGHT.
=, Fifty shares.
Fifty shares.
HENRY III. FLASPOLLER
Two hundred and forty shares.
FRANCIS =. BURNS.
witns... Notary Public.
L ~ st. Clair Adams, ]. n. SWING.
esres snoersigned Recorder of Mort
Stste 40 and for the Parish of Orleans,
tie sbox. Soisiana. do hereby certify that
ten ~ snd foregoing Act Of Incorpora-
csrpors,sse Pelican Cracker Factory, In
ny oss,es was this day duly recorded in
0flesn. IN Book 1912, folio =. New
EMILE J. LEONARD,
trse eonx by. Il.
FRANCIS p. BURNS.
s'S c.Aus. % Notary Public.