The herald., 1922-02-23
CHARTER.

ARTICLE 1.-THE domlclle OF inns cor-
poration shall be in the City 70 New Or
leans State of Louisiana, where all eta
ton and other legal process shall he
served upon the president. or in the aD-
sence of the president, upon the vice-presfa
dent or in the absence of both, upon the
secretary.
ARTICLE UI-The objects and pur-
poses of this corporation are hereby de
clared and stated tn be-
To provide and maintain coffee houses.
! restaurants inns, eating houses. taverns,
or places of entertainment and refresh
nent, in the City of New Orleans or else
/ where.
| ARTICLE IV-The capital stock Of this .
! corporation l. hereby fixed ut the sum of /
twenty-five thousand (S25, 100000 dollars
| divided into one thousand $1,000 shares .
! of the par value of twenty hNe (S25Ool /.
dollars each. provided that the amount {"
| which the capital stock of this corpora
ton may be increased shall be one nun
dred thousand (SlO0,OOO.OO) dollars.
Fifty per cent of the capital stock OF
! this corporation must be subscribed Tor
before the filing of the articles OF moor
poraton. The subscribed capital stock
Of this corporation shall be payable III
cash, property. real 81 personal, q; for
services performed CT rendered.
No stakeholder shall ever be held liable
or responsible for the faults, contracts
or debts of this corporation in any further
: sum than the unpaid balance due the cor
, poration on the shares of stock subscribed
for by him, nor shall any mere informally
2
: dering this charter null or of exposing
, any share holder to any liability whatso'
ever.
This CORPORATION shall not engage in
n business until twelve thousand. five hun
bred (S12 J00.0O) dollars of the capital
4 stock has been issued and actually paid
Q in. either in cash, property or services as
r aforesaid: IL any of the stock of this cor
| puration is exchanged In whole or in part
for property good will, in that event
. the provisions of Section three 90 on Act
If..Ix la
= ARTICLE y-AlI Of the corporate
n powers of this corporation shall be vested
II in and exercised by board OF directors
"a composed of seven "a stockholders each
# of whom shall own. in his own eight,
: during his term of office. at least one
d fun paid and unpledged share of the capl-
p tai stock. which shall he shown by his
p written declaration, five 90 OF whom
n shall constitute a quorum for the trans
Re action of business. Any director unable
l. to attend a meeting of the board may APP
st point IA proxy for that purpose, who must
" be stakeholder.
Il The officers of this corporation shall
"a consist of president. yice-preSldent, !
v secretary and treasurer, all of whom
fe shall be members of the board OF dlrec
il tors: any two Offices. but no more may
y he combined, IL desired, and held by on'
re and the same person.
l. The following named persons shall con
n. stitute the first board Of directors OF tn I
er corporation to-wit Chin L. Chong. 30:
W Charities St. New Orleans. La; Henry
ls Linn 215 :. Liberty St. New Orleans, La
Mon See. 4l4 ST. Charles st. New Orleans
nr La: Chin King, 4l4 st. Charles St, New
be Orleans. La: Wallace Bat iut; Ala -
p Charles St. New Orleans. La; George NJ
~ Chan. 4l4 st. Charles St. New orleans
rs La; Bob Y. Chan. 4l4 81. Charles 81
k New Orleans La, with Chin L. Chong ~
m president. George NJ. Chan as vice-presl
RS dent. Henry c. Lin as secretary, and wal
So lace Bat Yut as treasurer. and these OF
lg fcers shall serve until the first Monday II
I'm or
n cessors have been duly elected and guam
all lied.
Thereafter the directors shall be elect"
I'M annually on the first Monday of March q
nj each year. beginning with the year 192i
er all elections of directors shall be by pa
n lot and each stakeholder shall be entitle
,r- to one vote for each share of stock stand
Ter ing in his name on the books of the coi
$50 | poration this vote to he east in person q
70 by proxy and it shall REQUIRE majorit
nd of the stock present or represented
ne elect.
ON Failure to elect a board Of directors q
nd the first Monday In March. 1923, or al
nually thereafter, shall not w)rH 4 10
NIL fixture of this charter. but the old boar
he | of directors shall remain In office unit
nv their successors are elected and dn"h'lc
III ARTICLE VI-The board of directo
an shall hold regular meetings at such tim
as shall be fixed In the by laws or IN
CORPORATION. These meetings shat ht ne
ute at the domicile of the corporation. nut u
I've I've president may call special meetings "t u
cen within the State of Louisiana as he ma
m deem advisable. and he shall be require
i. to call such meetings whenever reIuest
' .ne to do so by three members OF we DO" Ga,
mt, of directors. Three days notice NJ su
iho p.cial meetings shall BE- given IN writl'
rer. to the directors unless waiver OF n"inc
ion sigLec Nv the directors Any vacancy
or curing on the board. either from deal
ner resignation. or inability to serve sh
on be filed by the board of directors at
next regular meeting after such sacah
yer shall have occurred. The first board
on directors Of this corporation shall be J
any auired to draft suitable by laws for I
due government of this corporation. WINE
nor may be altered, amended or changed
ave the eXigencies of the case may require
or ARTICLE VII-The stock Of this 60
liza poratipn may be transferred. provid
on such transfer shall be recorded upon I
ir- books of the corporation before 1t sh
feet be required to recognize the transfer
s a the new holder Of said stock The 10
amount Of the subscribed stock. as mere
site set forth. is the sum of twenty two tho'
sses and five hundred (S22.jOOOU) doiia
hey which is hereby authorized to be issu
of fully paid and nOn-assessabie. 1or ca
igi- or i'm exchange for property or servic
ock according to law. That, save as mere
ap- after provided. no share or interest In
Il a company shall at any time be transfer
iers to any person not already sharehoid
an so long as any shareholder is willing
ton purchase said share or interest at the
rred scribed price. That in order to ascert'
in whether any shareholder is willing TO ~
rein chase any such share or interest. the y
ent SON. whether shareholder or the GO
ght. pany or not, proposing to transfer
as same hereinafter called the retir
,ors. shareholder shall give notice In writ
. at to the company that he desires to trans
day. the same and such notice shall constlt
item the company his agent for the sale or
and share or other interest to any sharehoi
sses of the company at the prescribed pr
ines That III the conipah! shaIi, VIII"
no. space Of thirty days after such notice J
shareholder desiring to purchase 81
share or interest, hereinafter called
purchasing shareholder, and shall 3
% notice thereof to the retiring sharehol'
ST he shall be bound at such time within
ance teen days thereafter as the company 81
appoint upon payment Of the prescri
n price. to transfer such share or interest,"
hI;c the purchasing shareholder. That III In
Tort case the retiring shareholder after bee
sans ing bound as aforesaid, makes default
that transferring such share or interest,
-ight | company may receive the purchase mo
dav and shall thereupon cause the name
folio the purchasing shareholder to be ent
upon the register as the holder OF
share Of interest, and shall hold the
TT chase money in trust for the refill
rder shareholder. his executors, administrat
or assigns and the receipt of the comp
n for the purchase money shall De
,hIic | discharge to the purchasing sharehol
and he shall not be bound to rec to
annIication thereof, and after the nam