The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-17
CHARTER.

interest 10 the purchasing shareholder
That If in any case the retiring share
holder after being bound as aforesaid,
makes default in transferring such share
or interest. the company may receive the
purchase money and shall thcrcupOn cause
the name Of the purchasing shareholder
10 he entered upon the register as the
holder Of such share or interest and shall
hold the purchase money in trust for the
retiring shareholder. his executors, ad-
illustrators or assigns, and the receipt
of the company for the purchase money
shall he good discharge to the purchaS
ing shareholder. 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 pur-
ported exercise Of the aforesaid power,
the validity of the proceedings shall not
Ice questioned 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 proper
| tionate part Of undivided profits. pro
vided that. II instead Of there being undi-
vided profits there exists an impairment
| Of capital of the said company. then the
| proportionate part Of such impairment
| shall be deducted from the amount paid
! In upon such shares or interest in asCcr
| tanning such prescribed price. That the
| company shall in all cases on receiving
| notice Of desire to sell stock as afOre-
| said. allow the other shareholders the op-
portunity to take same in proportion TO
their 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 all cases to shareholders who have the
| largest holdings
ARTICLE VIII This charter may be
| 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 rep
resented at any meeting OF the stock
holders held for that purpose, after prior
mailed to him at his last known post
office address. all in accordance with tn,
terms Of Act 26T Of 1914
| ARTICLE IX. At the expiration OF
this charter. or the earlier dissolution O
this corporation for any cause, its affairs
shall be liquidated by two or more liqui
dators to be elected by the stockholders
all OF whom shall hold stock In said com
pany and said commissioners are hereby
vested with full power and authority (,
| lQuidate the affairs of said company, Will
full power TO act.
ARTICLE y. In order that this charte,
may serve as a subscription list. the un
dersigned incorporators Of this corpora
ti0n have subscribed for the number q
shares set opposite their respective names
Thus done and passed. In my office Fl
the City of New Orleans. on the day
month and year first above written, Fl
, the presence OF J. \. Swing and F.. II
: Krause. competent witnesses, and me. no
tar, after due reading Of the whole.
D ORIGINAL SIGNED:
J. p Schroth. 46 shares: Arthur T. Por
tas. 80 shares; ST. Clair Adams. share
Witnesses: j. n. Swing and f. II
5 krause.
FRANCIS p. BURNS.
Notary Public
7. the undersigned Recorder of Mort
cages, in and for the Parish Of Orlean,
% State Of Louisiana. do hereby certify tina
= the above and foregoing Act Of IncOrporf
] ton Of Southern Typewriter and Suppl
company. Incorporated. WAS this da
{ duly recorded in my office I'm Book 126,
r folio -, New Orleans, November
;, 1921.
K (Signed) ROBT. SCOTT
n Deputy Recorder.
r | Nov. 10-Dec. Is