The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.

teen DAYS thereafter as the company shall
appoint upon payment OF the prescribed
price, to transfer such share or interest 10
the purchasing shareholder. That If in any
case the retiring shareholder after becom-
ing bound as aforesaid makes default IN
tran Sferring such share or interest the
company may receive the purchase money
and shall thereupon cause the name OF
the purchasing shareholder to be entered
upon the register as the holdrr OF such
share of interest, and shall hold the pur-
chase money in trust for the retiring
shareholder his executors, administrators,
or assigns. and the receipt OF the company
for the purchase money shall be a good
discharge to the purchasing shareholutr'
and he shall not be bound to see TO the
appIication thereof, and after the name of
the purchasing shareholder has been en-
tered in the register in purported tNer-
else of the aforesaid power, the Validity OF
the proceedings shall not be questioned
by any person, and the purchasing share
holder 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 prOpOrtionate part of the undl.
vided profits. provided that IL instead oil
there being undivided profits there exists
an impairment of capital OF the said COM
pany then the prOpOrtiOnate part Of such
Impairment shall be deducted from the
amount paid in upon such shares or IN
terest in ascertaining such prescribed
price. That the company shall in all cases
as aforesaid. allow the other shareholders
the opportunity to take same in proper
tion to their respective holdings of stock
In the company, making all necessary ad-
iuStmpntS to avoid fractions or shares.
and for that purpose giving preference in
all cases to shareholders who have the
largest holdings.
ARTICLE VIII-This charter may be
modified. altered. the capital stock thereof
increased or decrea Sed, or the corporation
| h.. cd wit
thirds of the capital stock present or re
presented ut 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 post office
address all in accordance with the terms
of Act 267 of 1914.
I ARTICLE IN-At the expiration of
| this charter. or the earlier dissolution of
| this corporation for any cause, its AFFAIRS
shall be liquidated Nby two or more nqul-
| datOrs To be elected by the stockholders,
| all of whom shall hold stock in said com
| pany and said commissioners are hereby
| vested with full power and authority Ia
| liquidate the affairs of said company, win
| full power to act.
| ARTICLE Kin order that this charter
may serve as subscription list, the I'M
| dersigned incOrpOratOrs Of this corpora.
! ton have subscribed for the number oil
| shares set opposite their respective names
| Thus done and passed. in my office. in
| the City of New Orleans, on the day
month and year first above written in the
| presence Of J. y. Swing and +. ii. krause
| competent witnesses, and me, notary, after
due reading Of the whole.
! Witnesses: J. n. Swing, r.. II. Krause
! ORIGINAL SIGNED:
Chin L. ChOng, two hundred shares
| Chin L. Chong, Trustee. six hundred
and forty shares; George VI. Chan, forty
| shares; Wallace Bat Nut. twenty shares.
| FRANCIS = BURNS.
Notary Public
/. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify thai
the above and foregoing Act of IncOrpora
! ton of the Oriental Restaurant Company
Incorporated, was this day duly recorded
in my office in Book 1868, folio -.
New Orleans, February 10. 1922.
(Signed): ROBT. SCOTT,
Deputy Recorder
4 Fob o2-NIch 20