The herald., 1921-11-10
CHARTER.

interest to the purchasing shareholder.
That If in any case the retiring snare
holder after being 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, ana shau
hold the purchase money in trust for the
retiring shareholder. his executors, ad-
ministratorS or assigns, and the receipt
of the company for the purchase money
shall be n 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
be 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. If 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 ascer-
tanning such prescribed price. That the
company shall in all cases on receiving
notice of desire to sell stock as afore-
| SAD. allow the OtnPr SndreuolueTS tnp OPP
portunity to take same in proportion 10
| 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 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 rep
| resented AT any meeting of the stock
| holders held for that purpose. after prior
notice in writing to each stakeholder. ol
mailed to him at his last known post
| office address, all in accordance with thu
| terms Of Act 267 Of 1914.
| ARTICLE IN At the expiration o.
this charter. or the earlier dissolution o
this corporation for any cause, its anair
shall he 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 hereb,
vested with full power and authority &
liquidate the affairs of said company, witt
full power to act.
| ARTICLE Y. In order that this charte
may serve as a subscription list, the nm
dersigned incOrporators of this corpora
ton have subscribed for the number q
shares set opposite their respective names
Thus done and passed. in my office, Il
the City of New Orleans, on the day
month and year first, above written, I
the presence of ]. n. Swing and +. II
Krause competent witnesses and me. nc
tar. after due reading of the whole.
ORIGINAL SIGNED:
J. p SchrOth. 46 shares; Arthur +. POI
tas 20 shares; st. Clair Adams. | shar,
Witnesses: J. n. Swing and f. ]
; Krause.
FRANCIS r. BURNS.
Notary Public.
r l. the undersigned Recorder Of Nor
cages, in and for the Parish of Orlean
State of Louisiana, do hereby certify tn;
= the above and foregoing Act of lncOrpor
! ton of Southern Typewriter and Suppl
Company, Incorporated. was this da
{ duly recorded in my office in Rook 1Hi
r folio , New Orleans, November
: 1921
k (Signed) ROBT SCOTT.
n Deputy Recorder.
r | Nov. 10-Dec II.