The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-04
CHARTER.

term by the remaining directors. Zach
subscriber hereto sets after his name his
pOstOfnce address and statement OF
the number OF shares Cf stock which
hr agrees TO take il the corporation. Al
all elections every stakeholder shall be
entitled 20 one vote Tor each share Of
stock standing in his name on the books
OF the corporation. 10 Toe cast IN person
or by his written proxy. y majority
Of the votes east shall elect.
ARTICLE VI In the event Of tie
liquidation or dissolution Of this cor
puratiOu the stockholders shall elect
three iquidaturs from among their num-
Der. al q meeting convened tor that pur-
pose. after fifteen 10 days notice sent
10 each stakeholder by mail 10 his last
known address: said Equidaiors shan
have the authority 10 wind up the bu>l-
/ ness and affairs Of this corporation. In
case OF the death Of a hquldator. the
survivors shall appoint stakeholder as
successor TO him.
ARTICLE VII This charter may be
modified. changed or altered, or said
corporation may be dissolved, with the
assent Of stockholders owning two
thirds Of the entire capital stock At a
general meeting Of the >tOckh elders con-
yrned for that purpose, after ntteen tldl
days written notice shall have been
given TO each stoy kholder. mailed 10 him
II his last known address.
ARTICLE VIII. No subscriber for
stock shall ever b. held liable for the
contracts. faults or debts of said CurpOr
atiyn in amy further sum than the unpaid
balance. If any. due tie corporation on
the stock for which he has subscribed :.
nor shall any stakeholder ever ice held
Liable for such contracts. faults 90 debts
in any further sum than the unpaid
haidEce. if any, on the stock owned 10y
him, nor shall any mere iufo-maiity il
organization have the effect Of rendering
NJ ny l-
scriher 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 10y him in thi>
corporation. or any part thereof. with
out fr>t Offering the same in writing to
the other stockholders. through the Board
Of Directors. AZ 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 j. hereby re-
served 10 the remaining stockholders 10
purchase said stock at its then book
value.
ARTICLE IN. This corporation IS
organized under the laws OF the Stat
Of Louisiana. and especially Act No 2@7
If 1914. and the subscribers hereto. for
themselves and said corporation. and for
its officers. directors and stockholders.
hereby accept as part of Ibis charter aud
az conditions Of this corporation all the
rights, powers. PRIVILEGES and immuni-
ties granted 10 corporations and granted
10 and conferred upon officers, direc-
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 were set forth at length in
this instrument.
Thus done and passed in my notarial
office in the City of New Orleans afore-
said. in the presence Of NJ NJ. Boatner
and Holger g. Rohnke. competent wit
nesses Of lawful age and residing in this
together with said parties and me. No
tary, on the day and date set forth in
the caption hereof
Names Of subscribers omitted)
Witnesses:
NJ NJ BOATNER.
HOLGER G. KOHNKE.
W. W. Young.
Notary Public.
/. 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 jn-
Filming co. INC. was this day duly
recorded in my office in book 1865.
folio
New Orleans, La. April l.. 1922
ROBT. SCOTT.
Deputy Recorder
] hereby certify the above and fore
going to he true and correct copy Of
the original act of incorporation Of the
HOME OIL AND REFINING CO. INC
together with the certificate If the Re
corder Of Mortgages on file and Of record
in my office.
In faith whereof ! hereunto set nv
hand and seal this seventeenth day Of
April. A. n. 1922.
W. W. YOUNG.
Notary Public.