The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
CHARTER.

number at meeting convened Tor
that purpose after ten days writ
ten notice sent to each stakeholder
by mail to his last known address; said
LIQUIDATION shall have the authority to
wind up the business and affairs OF this
corporation. In case of death of either
of said liQuidatorS, the survivor snall
appoint a stakeholder as successor 10
him.
ARTICLE Vino stakeholder in this
corporation can ever sell stock owned
by him in this corporation, or any part
thereof, without first offering the same,
in writing. to the other stotkhoiders
through the Board of Directors at It's
then book value, who will have the first
option to purchase the same.
ARTICLE VIII.-This charter may be
modified, changed or altered, or said
corporation may be dissolved with the
assent of StOckh olderS owning three
fourths of the entire capital stock at a
general meeting of the stockholders,
convened for that purpose after M
teen G5) days written notice shall
have been given to each stakeholder,
mailed to him at his last known
! address.
! ARTICLE IX-No subscriber for
stock shall ever be held liable for the
contracts faults or debts of said cor
poration in any further sum than the
unpaid balance, if any. due the corpor-
alton on the stock for which he has
| subscribed; nor Shall any stockholder
| ever be held liable for such contracts
| faults or debts in any further sum than
| the unpaid balance, if any, on the stock
! owned by him; nor shall any mere IN
! fOrmality in organization have the
| effect of rendering this charter null, or
rendering any subscriber or stockholder
liable beyond the unpaid amount, IL any
| remaining due on his stock.
| ARTICLE X-This corporation is or
ganized under the laws of the state OF
Louisiana, and especially Act No. 267 OF
1914, and the subscribers hereto, Tor
| themselves and said corporation, ana TOT
| it's officers directors and stockholders,
hereby accept, as part of this charter
and as conditions of said corporation,
all the rights, powers, privileges anG
iimmunities granted to corporations, ana
! granted to and conferred upon OFFICERS,
! directors and stockholders OF corpora
tions by said laws and said act; such
| acceptance being as full, complete ana
binding as if said rights, powers, priv
ileges and immunities were set forth at
full length in this instrument.
Thus done and passed. in my notarial
| office. in the City of New Orleans
| aforesaid. in the presence OF Andrew r.
Martinez and Holger G. kohnke, compe-
tent witnesses of lawful age and resid-
ing in this city, who hereunto subscribe
their names together with said parties.
and me- notary. on the day and date set
forth in the caption hereof.
CORIGINAE SIGNED):
Witnesses: Andrew r. Martinez, Hol-
ger G.. Kohnke.
w. w. YOUNG,
i Notary Public
Il /. the undersigned, Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby ceru1!
that the above and foregoing act OF IN
corporation of Payne Bros. & Grillot
Inc. was this day duly recorded In my
office. in Book No. 1879, folio LOO. New
Orleans Oct. II, 1922.
RoBT. SCOTT,
by. Rec.
/ hereby certify the above and fore,
going to be a true and correct copy OF
the original Act of Incorporation O
I, PAYNE Bros & Grillot Inc, togethe
with the certificate of the Recorder o
; Mortgages on file and of record in m!
! office
: In faith whereof 1 hereunto set m!
: hand and seal, this 18th day OF OCTOBER
, A. ID. 1922. -
(SeaD w. w. YOUNG,
r oct19-nov16 Notary PUBIC