The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER OF ORIENTAL RESTAU-
RANT COMPANY, INCORPOR-
NTED

United States Of America, State of Louis
lana, Parish of Orleans: BE il known,
That on this fourteenth day OF February,
in the year of our Lord, one thousand,
nine hundred and twenty-five, before me,
Francis Z. Burns. a notary public, In anu
for the Parish of Orleans, State OF Louis
lana, duly commissioned and qualfled,
and in the presence of the undersigned
witnesses: personally came and appeared
the several persons whose names are mere
matter subscribed, of the full age or ma
jorty. who declared to me that avalnhS
themselves of the laws of this state rela-
tive to the organization of corporations,
and more especially of Act 26i OF 1914,
page 521. of the Legislative acts OF TINS
State, they have covenanted ana agreed
and by these presents do covenant ana
agree for themselves and their successors
and assigns. to form themselves into n
corporation and body polite for the OBJ
iects and purposes and under the stlpu-
lations hereinafter set forth, t0-wlt:
ARTICLE THE name and title of this
corporation shall be "Orinetal Restaurant
Company, Incorporated, and under such
title il shall have and enjoy succession
for a period of ninety-nine years from GATE
hereof, and shall have power ana author
ity to contract. sue and be sued, make anu
use a corporate seal, the same TO break
and alter at pleasure; to hold, sell, lease,
mortgage, hypOthecate or pledge property,
real personal or mixed, necessary, lhcl-
dental or proper for the carrying on OF
its business; TO buy and to hold stock in
any other company or companies that may
assist this company In ITS OBJECTS dhG
purposes: to make and issue notes and
certificates of indebtedness; to name, elect
and appoint managers. directors and
clerks or other employees to properly con-
duct its corporate business and TO make
suca bylaws, rules and regulations as
may be found necessary or desirable Tor
the management and business affairs of
this corporation.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City TO New Or
leans, State of Louisiana, where all clta-
ton and other legal process snail De
served upon the president, or in the ao-
sence of the president. upon the vice-presi-
dent. or in the absence of both, upon the
secretary.
ARTICLE uI-The objects and pur-
poses of this corporation are hereby de-
clared and stated to be:
To provide and maintain conee houses
restaurants, inns. eating houses, tayerns,
or places of entertainment and refresh
ment, in the City of New Orleans or else
where.
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum OF
twenty five thousand (S25,OOO.OOl dollars.
divided into one thousand Q,OOO) shares
of the par value of twenty-five (S2oVVl
dollars each, provided that the amount TO
which the capital stock of this corpora
ton may be increased shall be one hun
dred thousand (slO0.O00.O0) dollars.
Fifty per cent. of the carital stock OF
this corporation must be subscribed Tor
before the filing of the articles OF incor-
poration. The subscribed capital STOCK
of this corporation shall be payable in
cash. property, real or personal, o; 1or
services performed CT rendered.
No stakeholder shall ever be held liable
or responsible for the faults. contracts
or debts of this corporation in any further
sum than the unpaid balance due the cor
poration on the shares of stock subscribed
for by him, nor shall any mere lntorInalty
i'm the organization have the effect or rem
dering this charter null or OF exposing
any share holder to any liability whatso-
ever. l.,
This corporation shall not engage In
business until twelve thousand, five hun.
dred (S12.5O0.OO) dollars of the capltai
stock has been issued and actually pald
in, either in cash, property or services as
aforesaid: If any of the stock or TINS cor
poration is exchanged in whole or IN par!
for property or good VIII, IN that event
the provisions of Section three (3) OF Act
267 Of 1914 shall be strictly complied with
ARTICLE v-An Of the corporate
powers of this corporation shall be vested
in and exercised by board or directors
composed of seven 10 stockholders, eacn
Of whom shall own, In his own ngn,
during his term of office. at least one
fun paid and unpledged share OF the capi
tai stock which shall be shown by MS
written declaration, five (bl OF whom
shall constitute quorum for the trans
| action of business. Any director unable
to attend a meeting of the board may ap,
point proxy for that purpose, who mus
! be a stakeholder.
| The officers of this corporation shall
consist of a president, a vice president. 8
secretary and a treasurer, all Of whom
shall be members of the board or dlrec'
tors: any two offices, but no more, may
be combined. IL desired, and held by one
and the same person.
The following named persons shall con
stitute the first board of directors Of thi,
corporation. to-wit: Chin U. Chong, IS:
| Chartres ST., New Orleans, La; Henry
Lin, 215 S. Liberty St. New orleans; La.
La: Chin King. Ala St. Charles St: New
Orleans. La: Wallace Bat Yut, Ala 81
Charles ST., New Orleans, La; George NJ
Chan Ala st. Charles St. New Orleans
New Orleans, La, with Chin U. Chong al
president, George NJ. Chan as vice presi
dent. Henry c. Lin as secretary, and wal
lace Pit Yut as treasurer, and these OF
March in the year 1923, or until their sue
cessors have been duly elected and guam
| fed.
Thereafter the directors shall be electet
annually on the first Monday OF Marc ,ao Q
| all elections of directors shall be by PAL
lot and each stakeholder shall be entitled
| to one vote for each share OF stock stand
ing in his name on the DOCKS OF the CUT
| poration this vote to be cast in person o.
by proxy, and 1t shall require maJorit!
| of the stock present or representeds u
| elect.
Failure to elect board Of directors oil
the first Monday in March, 1923, or an
nually thereafter. shall not work for
fixture Of this charter, but the old boar.
of directors shall remain In office upt,
| their successors are elected and qualiiicc
| ARTICLE vI-The board of director
shall hold regular meetings at such time
| as shall be fixed in the by laws or TN
CORPORATION. These meetings shall be he'll
| at the domicile of the corporation, but tn
president may call special meetings OF tn
board Of directors at such times and place
| within the State of Louisiana as he ma.
deem advisable, and he shall be requires
to call such meetings whenever reaueste'
| TO do so by three members or the boar,
| of directors. Three days notice OF sur
SPECIAL meetings shall be given IN wrliIh
to the directors unless waiver OF notice J
siorn, ty the directors. Any vacancy &C
curing on the board, either from death
resignation, or inability to serve, shal
be filled by the board Of directors at il
next regular meeting after such vacanc
shall have occurred. The first board o
directors of this corporation shall De re
auired to draft suitable by laws for Tn
government of this corporation. wnlcs
NAV be altered amended or changed a
the exigencies of the case may require
| ARTICLE vII-The stock of this cor
poration may be transferred. provides
such transfer shall be recorded upon Tn
hooks of the corporation before IL sha
be required to recognize the TRANSFER
the new holder Of said stock; Inc tots