The herald., 1922-04-06
CHARTER.

ARTICLE NI-The board or directors
shall hold regular meetings at such times
as shall be fixed in the by laws Of this
corporation. These meetings shat be held
at the dOmicie of the corporation. but the
president may call special meetings of the
board of directors at such times and places
within the State of Louisiana as he may
deem advisable, and he shall be required
to call such meetings whenever requested
to do so by three members or the board
of directors. Three days notice NJ sue n
sp. cial meetings shall be given in writing
to the directors unless waiver of notice Is
SigLcG Nv the directors. Any vacancy &c
curing on the board, either from death:
resignation, or inability to serve, snail
be filled by the board of directors at its
next regular meeting after such vacancy
shall have occurred. The hrst board OF
directors of this corporation shall be re-
quired to draft suitable by laws for the
government of this corporation. which
may be altered, amended or changed as
the exigencies of the case may require.
ARTICLE VII-The stock of this cor
pOrati0n may be transferred. provided
such transfer shall be recorded upon the
books of the corporation before it shall
be required to recognize the transfer or
the new holder of said stock. The total
amount of the subscribed stock, as herein
set forth is the sum of twenty-five thOus-
and five hundred (S22.5OOOO) dollars,
which is hereby authorized to be issued
fully paid and worcestershire, Tor cash'
or in exchange for property or services
after provided. no share or interest in the
company shall at any time be transferred
to any person not already sharehoiuer'
so long any shareholder is willing TO
purchase said share or interest at the pre-
Scribed price. That in order to ascertain
whether any shareholder is willing to pur-
chase any such share or interest, the per
son. whether shareholder OF the com
pany or not, proposing to transfer the
same, hereinafter called the retiring
shareho Older shall give notice in writing
to the company that he desires to transfer
the same, and such notice shall constitute
the company his agent for the sale of the
share or other interest TO any shareholder
of the company at the prescribed price.
That If the company shall. within the
space of thirty days after such notice find
a shareholder desiring to purchase such
share or interest hereinafter called the
purchasing shareholder, and shall give
notice thereof to the retiring shareholder,
he shall be bound at such time within fif-
teen days thereafter as the company shall
appoint upon payment of the prescribed
price. to transfer such share or interest TO
the purchasing shareholder. That If in any
case the retiring shareholder after becom-
| ing bound as aforesaid. makes default in
| transferring such share or interest, the
company may receive the purchase money
and shall thereupOn cause the name or
| the purchasing shareholder to be entered
upon the register as the holder of such
share of interest, and shall hold the pur-
chase money in trust for the retiring
| shareholder his executors, administrators,
| OF assigns, and the receipt or the company
| for the purchase money shall be good
| discharge to the purchasing shareholder,
and he shall not be bound to see to the
| application thereof, and after the name OF
| the purchasing shareholder has been en-
/ tered in the register in purported exer-
else of the aforesaid power, the validity of
the proceedings shall not be questioned
| by any person, and the purchasing snare
| 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 undi,
vided profits, provided that il instead Of
| 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
| on receiving notice of desire to sell stock
| as aforesaid allow the other shareholders
the opportunity to take same in proper
| ton to their respective holdings of stock
in the company, making all necessary ad-
| justments to avoid fractions of 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 decreased or the corporation
| may be dissolved with the assent of two
thirds of the capital stock present or re-
presented at any meeting of the stock
| holders held for that purpose. after prior
\ notice in writing to each stakeholder. or
| mailed to him at his last known post office
address, all in accordance with the terms
| of Act 267 of 1914.
| ARTICLE IX-At the expiration of
this charter, or the earlier dissolution of
this corporation for any cause, its affairs
| shall be liquidated by two or more liqui-
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 TO
liquidate the affairs of said company, with
full power to act.
ARTICLE KIN order that this charter
may serve as a subscription list, the I'M
dersigned incorpOrators of this corpora
ton have subscribed for the number OF
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. n. Swing and f. III. krause
competent witnesses, and me, notary, after
due reading of the whole.
Witnesses: J. N. Swing, E. II. Krause
! ORIGINAL SIGNED:
Chin U. Chong, two hundred shares
Chin U. Chong, Trustee, six hundred
and forty shares; George NJ. Chan, forty
shares; Wallace Bat Yut, twenty shares.
FRANCIS P BURNS,
, Notary Public
1. the undersigned, Recorder of Mort
!, cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tina
the above and foregoing Act of Incorpora
ton. of the Oriental Restaurant Company
Incorporated, was this day duly recorded
I in my office. in Book 1868, folio -.
New Orleans, February Is. 1922.
( (Signed): ROBT. SCOTT,
\ Deputy Recorder
Feb. 23-Mch. 80.
CHARTER OF UNITED STATES BOND