The herald., 1921-11-24
CHARTER.

interest 70 the purchasing shareholder.
That II III any case The retiring share
holder, after Uving bound as aforesaid,
makes default an transferring such share
or interest, the company may receive the
purchase money and shall tACrcuPUn cause
The name OF the purchasing Shareholder
10 be entered upon the Register as the
holder OF such share or interest, aud shall
nUlu the purchase money in trust Tor the
retiring shareholder, MS executors, Iu-
miulstratOrS or assigns, and the recipe
Of the company for the purchase money
shall be Il good discharge to the purcna>-
ing Shareholder, and ne snail not be bound
to see the application thereof, and after
he 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 rot
be questioned by any person, and the
purchasing shareholder snail be deemed
and taken to be the owner OF the said
share or interest. That the prescribed
price snail mean the amount paid in on
such share or interest, plus the proper
Tomato part of undivided profits. pro
vlded that. If Instead of there being uudi-
NIdcd profits there exists an impairment
| Of capital of the said company, then the
| prOpUrtiOnate 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 i'll all cases on receiving
4 notice OF desire to sell stock rs afOre-
II
/ pOrtunity to take same in proportion to
\ their respective holdings of stock in the
| company, making all necessary adjust
1 mentS To avoid fractions of shares, and
Tor that purpose giving the preference
| IN all cases to shareholders who have the
| largest holdings
| ARTICLE VII. This charter may be
modihed. 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 priol
notice in writing to each stakeholder. OF
mailed TO him at his last known post
Office address all in accordance with tn,
terms Of Act 267 of 1914
| ARTICLE IN. At the expiration o
this charter. or the earlier dissolution .
| this corporation for any cause its affair
| shall be liquidated by two or more Hqui
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, wit
| full power TO act.
4 | ARTICLE y. In order that this charte
| may serve as subscription list, the TN
A derSigncd incOrpOrators Of this corpora
4 ton have subscribed for the number q
I | shares set opposite their respective name.
Thus done and passed, In my Office, j
. | the City of New Orleans. on the da,
month and year first above written, /
, | ,H' Pi'9'hNc VI D. ~. swing anu T.. L
= krause competent witnesses, and me, n,
' | tar after due reading of the whole.
y | ORIGINAL SIGNED:
O | j. r. Schroth. 40 shares Arthur Il. POI
r tas, IS shares; st. Clair Adams l shar
h | Witnesses: J. n. Swing and +. /
| krause.
FRANCIS L. BURNS,
g Notary Public.
a | /, the undersigned Recorder of Nor
| cages, in and for the Parish of Orlcau
| State of Louisiana, do hereby certify thu
the above and foregoing Act of IncOrpor
ton of Southern Typewriter and Supp
= Company, Incorporated, was this da
u duly recorded in my office in Book I'D
folio , New Orleans, November
If 1921.
" (Signed) ROBT. SCOTT.
Deputy Recorder.
k | Nov. 10-Dec. IL.