The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.

| SlSt or EDWARD j. IOngulS, J0nn X. ices
and Henry B. Reese. whose present ad
dresses are set opposite their RESPECTIVE
names to the subscription to the capita
stock of the corporation, with the SAT-
Edward J. Tonguis as president. Henri
r. Reese, as vice president. and John r
Reese as secretary-treasurer These di
rectors shall serve until their successor
have been duly elected and qualified.
The annual meeting Of the stakeholder
for the election OF directors shall he hell
on the second Thursday Of June in eacl
wear, unless said day be a legal holiday
then on the next bank day thereafter
Any vacancy occurring among the direc
tors by death resignation or otherwise
shall he filled by election for the unex
pired term by the remaining directors.
Each subscriber hereto sets after hi
name his post office address and a state
ment of the number Of shares OF stock IL
the corporation which he agrees TO take
| At all elections every stakeholder shall
be entitled 70 one vote for each share Of
stock outstanding in his name on IN,
| books Of the corporation to be cast in per.
son or by written proxy. A majority OF
votes cast shall elect.
! ARTICLE Win the event Of the liqui,
I datlOn or dissolution Of this corporal ton
| the stockholders shall elect three liQuida
/ tors from among their number. at a meet
ing convened for that purpose. after fiji
teen t15): days written notice sent TO
| each stakeholder, by mail, TO his last
known address: said liuquidators shall
/ have the authority 10 wind up the bust
/ ness and affairs OF this corporation. In
/ case Of the death Of a liquidator the sur
vtvors shall appoint a stakeholder as sue
cessOr TO him.
ARTICLE VII-This charter may be
modified. changed altered. OF said
corporation may be dissolved. with the
assent Of the stockholders owning two
thirds Of the entire capital stock. at a
general meeting Of the stockholders con-
vened for that purpose. after fifteen. (l5).
days written notice shall have been given
10 each stakeholder. mailed to him at his
last known address.
ARTICLE VIII-The shares OF stock
shall be transferable only on the books
of the corporation and no transfer of
stock shall be binding or have any effect
upon the corporation unless and until
made upon its books.
No subscriber FOR stock shall ever be
held liable for the contracts, faults or
debts of said corporation in any further
sum than the unpaid balance. IL any. due
the corporation on the stock for which
he has subscribed: nor shall any stock
holder ever be held liable for such con
tracts. 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 ef-
feet of rendering this charter null. or
rendering any subscriber liable beyond
the unpaid amount, il any, remaining on
his stock.
No stakeholder in this corporation shall
have the right TO sell the stock of this cor
pOraticn owned by him without first Of
fering the same. in writing through the
board of directors. to the other stock
holders at its book value at the close of
the last fiscal year. and the stockholders
shall have the right within fifteen. UJ).
days after the offer to sell has been re-
ceived by the board OF directors TO pur-
chase the stock so offered. Should the
stockholders not desire to purchase the
Il Co. sol
purchase the same for cash. and any stock
thus acquired and any stock of the cor
pOratlOn which IL may buy or 9th arwiSe
acquire may be held. re-issued or sold by
the board Of directors at such price as the
board of directors in its discretion. may
determine proper.
ARTICLE IX-This corporation is or
ganiZed under the laws OF the State OF
Louisiana. and especially Act 267 of 1914
and the subscribers hereto. for them
its officers. directors and stockholders
hereby accent. as part OF this charter
and as conditions Of this corporation. all
the rights, powers. privileges and i'm
granted to and conferred upon officers
directors and stockholders of corporations
by said laws and said act such accept
ance being as full. complete and binding
as IL said rights, powers, privileges and
immunities were set forth at length in
this instrument.
Thus done and passed in my office in !
the City of New Orleans. aforesaid. in !
the presence of Leah Simerick and Joseph !
F. Gcgarty, competent witnesses of lawful |
age and residing in this city. who here |
unto subscribe their names, together with |
the said appearers and me. notary, on the !
day and date set forth in the caption |
hereof, after due reading Of the whole
Witnesses: Joseph F. Gogarty. Leah |
Simerick.
ORIGINAL SIGNED:
Edward J. Tonguis. 1926 Coliseum ]
Street. l share: Henry B. Reese. 344 |
LOwerline Street. l share: John B. Reese. |
34i Lowreline Street, share.
STANLEY McDERMOTT.
(SeaD: Notary Public. |
I hereby certify that the above and fore |
going is a true and correct copy of the
Act Of Incorporation of the Modern |
Homes. Incorporated. passed before me
on the 18th day OF June 1922. and which |
is now on file and of record in my no
tarial office.
STANLEY McDERMOTT.
(SeaD: Notary Public. |
1. 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 Incorpora-
was duly recorded this day in my office |
in Book 1858. folio -.
New Orleans, La, June =. 1922.
(Signed): ROBT. SCOTT,
Deputy Recorder.