The herald., 1922-05-18
CHARTER.

! term by the remaining directors. Each
/ subscriber hereto sets after his name his
| pOstOtnce address and statement of
| the number of shares of stock which
! he agrees to take in the corporation. AT
| all elections every stakeholder shall be
| entitled TO one vote Tor each share of
| stock standing in his name on the books
| OF the corporation, TO bc east III person
or by his written proxy. \ majority
/ of the votes cast shall elect
ARTICLE VI. In the event of the
! liquidation or dissolution of this cor
| pOratiOn, the stockholders shall elect
! three liquidatOrs from among their num-
| Der, at a meeting convened Tor that pur-
pose, after fifteen Q5J days notice sent
! To each stakeholder by mail to his last
/ known address; said Hquidators shall
/ have the authority To wind up the busI-
| ness and affairs of this corporation. In
| case OF the death OF ,iquidator, the
survivors shall appoint stakeholder as
| successor TO him.
ARTICLE VII This charter may be
| modified changed or altered, or said
| corporation may be dissolved, with the
assent of stockholders owning two
| thirds of the entire capital stock, at a
general meeting of the stockholders con
vened for that purpose, after fifteen 40
days written notice shall have been
| given to each stakeholder, mailed TO him
| at his last known address.
ARTICLE VII. No subscriber for
stock shall ever be held liable for the
contracts, faults or debts of said corpOr
alton III any further sum than the unpaid
balance, If any, due the corporation On
the stock for which he has subscribed ::
nor shall any stakeholder ever be held
liable for such contracts. faults or debts
in any further sum than the unpaid
balance, If any, on the stock owned 10y
him; nor shall any mere infOrmality in
organization have the effect of rendering
this charter null, or rendering any sub
scriber or stakeholder liable beyond the
unpaid amount, if any, remaining due
on the stock.
No stakeholder in this corporation can
ever sell the stock owned by him in this
corporation, or any part thereof. with
out first offering the same in writing to
the other stockholders, through the Board
of Directors, at its then book value who
Will have the first option to purchase
the same, and in the event of the death
of a stakeholder, the right is hereby re-
served to the remaining stockholders to
purchase said stock at its then book
value.
ARTICLE IN. This corporation is
organized under the laws of the STATE
of Louisiana, and especially Act No. 2G7
or 18Th and the subscribers hereto for
themselves and said corporation. and for
its officers, directors and stockholders
hereby accept as part of tbis charter aud
as conditions of this corporation all the
rights, powers, privileges and immuni-
ties granted TO corporations and granted
to and conferred upon officers direc-
tors and stockholders of corporations
by said laws and said act; such accept
ance being as full, complete and binding
as If said rights, powers. privileges and
immunitieS were set forth at length in
this instrument.
Thus done and passed in my notarial
office in the City of New Orleans afOre-
said, in the presence of NJ VI. Boatner
m 10
nesses of lawful age and residing in this
city, who hereunto subscribe their names.
together with said parties and me, No
tary, on the day and date set forth in
the caption hereof
lNames Of subscribers omitted)
NJ. NJ. BOATNER.
HOLGER G. KOHNKE.
W. w. YOUNG.
Notary Public
l. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana do hereby certify |
that the above and foregoing act of in |
corporation of the HOME OIL AND RE
Filming CO. INC. was this day duly !
recorded in my office in book 1868, |
folio
New Orleans. La. april Il. 1922.
ROBT. SCOTT
Deputy Recorder.
1 hereby certify the above and fore
going to be a true and correct copy of |
the original act Of incorporation of the
HOME OIL AND REFINING co, INC
together with the certificate Of the Re
in my office.
In faith whereof I hereunto set nv
hand and seal this seventeenth day of
April, \. u. 1922.
W. W. YOUNG.
Notary Public.