The herald., 1922-11-02
CHARTER.

number at a meeting convened fo
that purpose after ten days writ
ten notice sent to each stockholdel
by mail to his last known address; sale
| liquidation shall have the authority Il
| wind up the business and affairs of this
| corporation. In case of death of either
| of said liquidators. the survivor shall
! appoint stakeholder as successor L
| him.
| ARTICLE Vino stockholder 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 stockholders
| through the Board of Directors. at it,
then book value. who will have the first
| option to purchase the same.
! ARTICLE VIII.-This charter may he
modified, changed or altered, or said
! corporation may be dissolved with the
assent of stockholders owning three
fourthS of the entire capital stock at a
general meeting of the stockholders
convened for that purpose, after fiji
| teen (l5) days written notice shall
have been given to each stakeholder
mailed to him at his last known
ARTICLE lN-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 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 by him; nor shall any mere in
| fOrmality in organization have the
effect of rendering this charter null, or
rendering any subscriber or stakeholder
liable beyond the unpaid amount, if 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. for
themselves and said corporation. and for
its Officers directors and stockholders.
hereby accept, as part of this charter
and as conditions of said corporation.
all the rights. powers, privileges and
immunitieS granted to corporations. and
granted to and conferred upon officers,
directors and stockholders of corpora
tiOns by said laws and said act: such
acceptance being as full, complete and
binding as If said rights, powers. priv
llegeS ana lmmunltieS 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 II.
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.
ORIGINAL SIGNED:
(Names of Subscribers Omitted)
Witnesses: Andrew r. Martinez, Hol-
ger g. Kohnke.
w. W. YOUNG.
Notary Public.
I. 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 Payne Bros. x Grillot,
Inc, was this day duly recorded in my
office. in Book No. 1878, folio los. 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 of
Payne Bros. * Grillot, Inc, together
with the certificate of the Recorder of
Mortgages on file and of record in my
office.
In faith whereof l hereunto set my
hand and seal, this 18th day of October,
A. ID. 1922.
(SeaD w. w. YOUNG.
oct19-nov16 Notary Public.