The herald., 1922-04-27
CHARTER.

term by the remaining directors. Each
subscriber hereto sets after his name his
pOstOffice address and a statement or
the number of shares of stock which
he agrees to take in the corporation. AT
all elections every stOckhOlder shall be
entitled 10 one vote for each share OF
stock standing in his name on the books
of the corporation, to be cast in person
or by his written proxy. y majority
of the votes cast shall elect.
ARTICLE VI. In the event of the
liquidation or dissolution of this cor
pOratiOn. the stockholders shall elect
three Hquidators from among their num-
bcr. at meeting convened for that pur-
pose, after fifteen (lj) days notice sent
to each stOckhOlder by mail to his last
known address; said liquidatOrs shall
have the authority to wind up the bust
ness and affairs Of this corporation. In
case of the death of a liquidatOr, the
survivors shall appoint stakeholder as
successor to him.
ARTICLE VII. This charter may be
modified, changed or altered, or said
corporation may he dissolved, with the
assent Of stockholders owning two
thirds of the entire capital stockN at Il
general meeting Of the stockholders con
vcned for that purpose, after fifteen Q5)
days written notice shall have been
given to each stockholdcr, mailed to him
at his last known address.
ARTICLE Will No subscriber for
stock shall ever be held liable for the
contracts. faults or debts of said corpOr
alton i'll any further sum than the unpaid
balance. if ant due the corporation on
nor shall any stakeholder ever be held
liable for such contracts. faults or debts
in any further sum than the unpaid
balance, if any, on the stock owned by
him. nor shall any mere infOrmality in
organization have the effect of rendering
Z 81 r. SrI.-
scribcr or stakeholder liable beyond the
unpaid amount, if any, remaining due
on the stock.
No stakeholder in this corporation can
ever sell the stock owned by him in this
corporation. or any part thereof with
out first Offering the same in writing to
the other stockholders, through the Board
of Directors. at its then book value. who
will have the first option to purchase
the same. and in the event of the death
of stakeholder. the right is hereby re-
served to the remaining stockholders To
purchase said stock at its then book
value.
ARTICLE IN. This corporation is
organized under the laws of the STATE
of Louisiana. and especially Act No. 267
of 1914. and the subscribers hereto. for
themselves and said corporation. and for
its officers, directors and stockholders,
hereby accept aS part of tbiS charter aud
as conditions of this corporation all the
rights. powers. PRIVILEGES and immuni-
ties granted to corporations and granted
to and conferred upon officers, dirrc-
tors and stockholders of corporations
by said laws and said act; such accept
ance being as full. complete and binding
as if said rights. powers, privileges and
immunitieS We're set forth at length in
this instrument.
Thus done and passed in my notarial
office in the City of New Orleans aforc-
Of NJ NJ
and HolCcr g. KOhnke. Comnetent wit
neSSeS Of lawful age and residing in this
city, who hercunto subscribe their names
together with said parties and me. No
tary, on the day and date set forth ID
the caption hereof
tNameS of subscribers omitted)
Witnesses:
NJ VI. BOATNER.
HOLGER g. KOHNHE.
W. W. YOUNG.
Notary Public.
7. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify
that the above and foregoing act Of in
corporation of the HOME OIL AND RE
Filming co. INC, was this day duly
recorded in my office in book 12GS,
folio
New Orleans, La, april Il, 1920.
ROBT SCOTT.
Deputy Recorder
I hereby certify the above and fore
going to be a true and correct copy Of
the original act of incorporation Of the
HOME OIL AND REFINING co. INC. |
ogether with the certificate Of the Re
order Of Mortgages on file and of record
n my office.
In faith whereof hereunto set nv
hand and seal this Seventeenth day of
April, A. n. 1922
W. W. YOUNG.
Notary Public.
lnr. 90 Nav o