The herald., 1922-03-23
CHARTER.

,een DAYS thereafter as the company shall
appoint upon payment of the prescribed
Drice 10 transfer such share or interest 10
the purchasing shareholder. That If in any
ease 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 OF
the purchasing shareholder 10 De ehtereu
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
or assigns and the receipt Of the company
for the purchase money shall De Goou
discharge to the purchasing sharehOIder'
and he shall not be bound TO see 10 the
application thereof, and after the name OF
the purchasing shareholder has been en-
tered in the register in purported eAer-
else Of the aforesaid power, the validity OF
the proceedings shall not be questioned
by any person. and the purchasing share
holder shall be deemed and taken 10 De
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 undl.
yided profits provided that If instead OF
there being undivided profits there exists
an impairment of capital OF the sald com
pany. then the proporuonate part OF SUN
impairment shall be deducted from the
amount paid in upon such shares or IN.
tcrest in ascertaining such prescribed
price That the company shall In all casS
on receiving notice of desire 10 sell stO~
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 az
/ justments TO avoid fractions OF shares
and for that purpose giving preference II
/ ali cases TO shareholders who have the
! largest holdings.
/ ARTICLE VIII-This charter may b'
modified altered, the capital stock thereof
/ increased or decreased, or the corporauoi
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 prlO1
| notice in writing 10 each stockholder, ol
mailed 10 him at his last known post oIle'
| address. all in accordance with the term'
| of Act 267 of 1914.
ARTICLE IX-At the expiration o
this charter or the earlier dissolution o
| this corporation for any cause, It's analr
shall be liquidated by two or more hqul
dators to be elected by the stockholders
all of whom shall hold stock in said com
pany and said commissioners are hereb'
vested with full power and authority Z
liquidate the affairs of said company, VIII
full power to act.
ARTICLE Kin order that this charte
may serve as a subscription list the un
dersigned incorporatOrs of this corpora
ton have subscribed for the number o
shares set opposite their respective names
Thus done and passed. in my office; /
the City of New Orleans, on the DAY
month and year first above written IN IN
presence of J " Swing and +. II. kraus'
competent witnesses, and me, notary, afte
due reading Of the whole.
Witnesses: ]. y. Swing, f. Fl. kraus'
| CORIGINAL. SIGNED:
Chin L. Chong, two hundred shares
Chin L. Chong. Trustee, six hundre
and forty shares; George NJ. Chan. fort
shares; Wallace Bat Iut. twenty shares.
FRANCIS = BURNS.
Notary Publ
/ the undersigned, Recorder of Nor
! cages in and for the Parish of Orlean
State of Louisiana, do hereby certify thi
} the above and foregoing Act Of lncorpor'
= tion. Of the Oriental Restaurant Compan.
70 Incorporated was this day duly recordt
in nv office. in Book 1868. folio -.
81 New Orleans. February -. 1922.
? (Signed): RoBI. SSoi :,
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