The herald., 1920-08-05
CHARTERS.

| shareholder of the company az the pre-
scrlbed price. That il the company shall
"llnlh me space OF thirty days after such
notice flnd 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 at such
time within fifteen DAYS thereafter NJ the
company shall appoint. upon payment of
the prescribed price. To transfer such share
or interest to the purchasing shareholder
mat II IN any ease the retiring share
holder. after bccOming bound as aforesaid,
makes default in transferring such share
or interest, the company may receive the
purchase money and shall therenpOn cause
ire nam" 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 adminis-
traitors, or assigns. and the recent of the
company for the purchase money shall he
good discharge to the purchasing share
holder, and he shall not be bound to see
To 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
ldlty OF the proceedings shall not be dues-
Toned by any person, and the purchasing
shareholder shall be deemed and taken TO
be the owner of the said share or interest
Ihht the prescribed price shall mean the
amount paid in on such share or interest
plus the propOrtiOnate part of undivided
profits, provided that II, 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 casea
on receiving notice of desire to sell stock
as aforesaid. allow the other shareholders
the opportunity to take same in proportion
TO thelr respective holdings of stock in the
company, making all necessary adjust
ments TO avoid fractions of shares, and
for that purpose giving the preference in
al eases to shareholders who have the
largest holdings.
ARTICLE VIII-This charter NAV he
modified, altered, the capital stock thereof
INCREASED or decreased, or the corporation
may be dissolved with the assent of two
thirds of the capital stock present or
represented at any meeting Of the stock
holders held for that purpose. after prior
notice in writing to each stakeholder, or
mailed TO him at his last known postoffice
address, all in accordance with the terms
of Act 267 of 1914.
ARTICLE IX.--At the expiration Of this
charter. or the earlier dissolution Of this
corporation for any cause, its affairs shall
be hquidated by two or more iquidators
to be elected by the stockholders all of
whom shall hold stock in said company.
and said commissioners are hereby vested
with full power and authority to liquidate
the affairs OF said company, with full
power TO act.
clare that they have subscribed to the fol-
lowing number of shares of the capital
stock Of this corporation, to-wit:
John T. Gibbon, Jr., 2OO6 Canal Street,
New orleans Louisiana. two hundred and
thirty (23O) shares; f.. J. DOmergue. South
Carrollton Avenue corner Cshn Street New
orleans, louisiana, one hundred and
eighty QSO) shares; David Sivewright, 1924
Elm ST, New Orleans. Louisiana. fifty (JOl
shares; T.. NJ. Schlegel, SOIL Hickory Street
New Orleans, Louisiana. fifty (JOj shares.
and Henry ii. FlaspOller, 1920 State Street,
New orleans Louisiana, two hundred and
forty Gao shares.
Thus done and passed, in my office. in
the City of New Orleans, on the day.
month and year first above written in the
presence of St Clair Adams and J. N.
signed these presents. together with the
said appearers and me, Notary after due
reading of the whole.
Original signed:
JOHN r. GIBBONS. JR.
Two hundrdd and thirty (23O) shares.
p. J. DOMERGUE,
One hundred and eighty shares
DAVID SINEWRIGIIT,
E. NJ. SCHLEGEI.,
HENRY II. FLASP0LLER'
Two hundred and forty shares.
FRANCIS i. BURNS
Notary Public
Witnesses: st. Clair Adams. j. n. Swing
1, the undersigned Recorder OF Mort
cages, in and for the Parish of Orleans.
State OF Louisiana. do hereby certify that
me above and foregoing Act of Incorpora-
tlon OF the Pelican Cracker Factory. In
corporated, was this day duly recorded in
my office in Book 1242 folio -. New
Orleans, July 10, 1920.
tSigned) EMILE J. LEONARD.
, 49,. - by. X.
FRANCIS p. BURNS.
Til. q, A., .. Notary Public.