The herald., 1921-12-01
CHARTER.

| That in any ease 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 thercupOn caus.
| the name Of the purchasing shareholder
| to be entered upon the register as the
| holder Of such share or interest, and sh n
| hold the purchase money in trust for fine
| retiring shareholder, his executors, ad-
ministratOrs or assigns, and the recent
| Of the company for the purchase money
| shall be Il 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 moi
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 propOr-
| tiOnate part of undivided profits. mo
vided that. IL instead of there being midi
vided profits there exists an impairmept
| Of capital of the said company. then the
propOrtionate part Of such impairfD.ut
! shall be deducted from the amount p3jd
| in upon such shares or interest in asrar.
tanning such prescribed price. That tho
company shall in all cases on receiviug
notice of desire to sell stock as afore
| said, allow the other shareholders the an
portunity to take same in proportion Ia
their respective holdings Of stock in tho
company, making all necessary adjust.
ments to avoid fractions Of shares. and
for that purpose giving the prefernnce
in all cases to shareholders who have tha
largest holdings
ARTICLE VIII. This charter may he
modified, altered, the capital stock thereof
increased or decreased, or the cornoratioa
may be dissolved with the assent Of w.
thirds of the capital stock present or rem
resented at any meeting of the stock
holders held for that purpose after prior
notice In writing to each stOckholder. or
mailed to him at his last known most
office address, all in accordance with tho
terms of Act 267 of 1914
ARTICLE TX. At the expiration NJ
TINS charter, or the earlier dissolution of
TINS corporation for any cause. its affairs
shall be liquidated by two or moro IiGni1
datOrs to be elected by the stockboI,lars
all of whom shall hold stock in said com
pany and said commissioners are hereby
, neste1 WIN Iui power and authority to
liquidate the affairs of said company Win
full power to act ''H
ARTICLE y. In order that this cba-tor
may serve as subscription list tho nm
aerslgned incorporators Of this corpora
ton have subscribed for the numhar =,
shares set opposite their respective names
Ihus done and passed, In my office In
the city OF New Orleans. on the dsr
month and year first above written, In
the presence OF j. " Swing and y NJ
hrause competent witnesses and mo No
tar, after due reading of the whole "o-
ORIGINAL SIGNED:
D. r Schroth, 40 shares; Arthur p. Por.
taS, 55 shares; St Clair Adams. sbsra
witnesses: ]. n. Swing and b IT
FRANCIS P. BURNS.
a. Notary Public
cages, in and for the Parish Of orIaons
state OF Louisiana, do hereby certify tbat
the above and foregoing Act of Jncornnra
tIon OF Southern Typewriter and Supniv
company, Incorporated. was this d.
duly recorded in my office in RooI 1osS
folio ,on, -, New Orleans. Noyember
(Signed) ROBT. SCOTT
Nov 1a-noo - Deputy Recorder.