The herald., 1922-09-14
CHARTER.

tors is specially vested with the power
to acquire and purchase such property
or business, OF good will. or all of these
from individuals, firms or other corpo-
rations, as said board of directors may
deem advisable and proper, and at such
price and on such terms as they may
deem best, and to pay therefor in the
capital stock of this corporation OF
otherwise.
ARTICLE IX-No stakeholder shall
ever be held liable or responsible for
the contracts. faults, or debts of this
corporation. nor shall any mere in
formality in its organization. have the
effect of rendering this charter null, or
OF exposing its stockholders to any
liability beyond the unpaid balance due
on the stock owned BIZ them.
ARTICLE XThe names and post
office addresses of the subscribers to
these articles of incorpora ton and the
number of shares of stock subscribed
for by each. are as follows: w. J.
Richards Jr.. twelve Q2) shares; A.
mond. twelve G2) shares.
ARTICLE XI-All stockholders meet
ings, for the election of directors as
above stated, shall be held after fif-
teen days written notice mailed to each
stockholder. Other stockholders meet
ings may be held when ordered by the
board of directors or when requested
by at least twenty-five (25ce) per cent.
OF the outstanding stock. Notice of all
stockholders meetings, other than adj
journed meetings, shall be in the man
ner prescribed for stockholders meet
ings for the election of directors, I'M
less such notice is waived by unani-
nous consent.
ARTICLE XII-This charter may be
| amended, altered or changed. at a
special meeting OF the stockholders
called for that purpose-notice of
which is to be given in accordance with
the provisions of this charter.-by the
vote of two-thirds of all the capital
stock.
! ARTICLE XIII-This charter may be
| dissolved by the vote of two-thirds of
! all its outstanding stock, and upon
| complying with the requirements of
Section 2s of Act 267 of the Louisiana
Legislature for the year 1914 and in the
event of such dissolution. two liquida-
tors shall be named and appointed with
all the necessary powers and authority
AL in the manner and as provided by
| said legislative act.
| ARTICLE XIV-Whereas the sub
! Scriptions of Albert st. Raymond and
! ". J, Richards Jr., up to the sum of
| fourteen hundred Sl,40O.0O) dollars,
for capital stock in this corporation con-
sists in property TO be transferred to
| this corporation, in accordance with
| the provisions of Section 3 of Act 267
| of 1914, there is now annexed to these
articles of incorporation, and to be read
| in connection Herewith, an accurate.
detailed and itemiZed description of such
property, as to amount. location, extent,
| anu Sldlc VI improvement, lO-
gether with a statement of its value as
appraised by the directors of this cor
poration, the same as if set forth in
| full in this charter.
Thus done and passed in my office,
on the day and date first above writ
| ten, in the presence of Messrs. Arthur
| J. Ryan and Leon Soils Calm, both
| competent witnesses, domiciliated in
| this city, who signed these presents,
! together with the parties, and me. no
| tary, after a due reading of the whole,
| the parties hereto affiXing opposite
! their respective names their respec-
| tive subscriptions to the capital stock
of this corporation which shall consti-
| tute the original subscription list OF
stock subscribed in this corporation.
Witnesses: l. Arthur ]. Ryan; 2
! Leon s. Calm.
| CORIGINAL SIGNED)
a. st. Raymond, IL shares; A. Glori-
oso, / share; w. ]. Richards, -Jr.. IL
| shares.
| (SeaD VIM. F. CONKERTON,
/ Notary Public
A true copy:
| (SeaD VIM. F. CONKERTON.
I Notary Public
Aug. 17-Sept. 81.