The herald., 1922-06-29
CHARTER.
appoiut a stakeholder as sue.

vivors shall appoint stakeholder as sue
cessor to him.
ARTICLE yII-This charter may be
modified changed or altered, Or sara
corporation may be dissolved, with the
assent of the stockholders owning Two
thirds of the entire capital stock. at
general meeting of the stockholders con
yened for that purpose, after fliteeh' !loI'
DAVIS written notice shall have been gwen
to each stakeholder, mailed TO MIN Ut MS
last known address.
ARTICLE vIII-The shares of stock
shall be transferable only on the DOCKS
of the corporation and no transfer OF
stock shall be binding or have any enect
upon the corporation unless ana uhtii
made upon its DOCKS.
No subscriber for stock shall ever be
hold liable for the contracts, faults or
dehts of said corporation in any further
Sum than the unpaid balance. IL any. due
the corporation on the stock Tor whlSh
he has subscribed; nor snail 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 nave the FL.
feet of rendering this charter null OF
rendering any subscriber liable beyond
the unpaid amount, If any, remaining Oh
his stock.
No stakeholder in this corporation shaIl
have the right to sell the stock or TINS cor
poraticn owned by him without hrst OF
fering the same, in writing through lh'
board of directors, to the other stoch,
holders at its book value at the close ol
the last fiscal year, and the stockholders
shall have the right within fifteen' Il'D
DAYS after the offer to sell has been re-
ceiyed by the board of directors TO pur-
chase the stock so offered. Should th'
stockholders not desire to purchase ths
stock offered for sale, the corporation may
purchase the same for cash. aud any stOcH
| Of a. II
poration which il may buy or 9th arwist
acquire may be held, re- issued or sofa 10y
the board of directors ar such price as tht
board of directors, in Us discretion may
determine proper. IA
s,ss11 aiaI tn. as %s state s
| Louisiana and especially Act 267 of 1914
and the subscribers ksreto. Tor them
selves and for said corporation and fol
its officers. directors and stockholders
! hereby accept as part Of this charter
and as conditions Of this corporation. al
| the rights. powers, privileges ana I'M
munities granted to corporations. anC
| granted to and conferred upon officers
directors and stockholders OF corporations
| by said laws and said act; such accept
ance being full, complete and bindinG
! as II said rights, powers, privileges anC
| immunities were set forth at length IL
! this instrument.
Thus done and passed in my off, IL
the lily OF New dloItSdius ~
| 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 Will
| the said appearers and me, notary, on thu
| day and date set forth in the caption
| hereof, after due reading of the whole.
Witnesses: Joseph F. Gogarty, Leal
| Simerick.
| ORIGINAL SIGNED:
| Edward j. TOnguis, 1926 Coliseum
Street | share; Henry Il. Reese. "a
| Lowerline Street. l share; John Il. Reese
| 344 LOwrelne Street, l share.
STANLEY McDERMOTT,
| (SeaD: Notary Public
| I hereby certify that the above and fore
| going Is a true and correct copy OF Tn
Act of Incorporation of the Moder
Homes. Incorporated, passed before IN
on the 18th day Of June, 1922, and whicl
is now on file and of record In my no
tarial office.
STANLEY McDERMOTT,
| (SeaD: Notary Public
/. 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 lncorpora
ton of the Modern Homes, incorporated
was duly recorded this day in my ONO
in Book -, folio -.
New Orleans, La, June :. 1922.
(SignedD: ROBT. SCOTT,
Deputy Recorder
June 22-July %.