The herald., 1922-10-26
CHARTER.

number at a meeting convened for
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 shall
appoint a stakeholder as successor TO
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 its
then book value. who Will have the first
option To purchase the same.
ARTICLE Widths charter may be
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
convened for that purpose, after fiji
teen G5D 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 Sndll any Slothuotu'i
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 N.-This corporation is or
Canized under the laws of the state of
= RH
1914. and the subscribers hereto. for
themselves and said corporation, and Tor
it's officers, directors and stockholders.
hereby accept as part of this charter
and as conditions of said corporation,
all the rights. powers. privileges ana
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
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 X.
Martinez and HOlger &. 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 SlGNED):
CNames of Subscribers Omitted)
Witnesses Andrew r. Martinez, Hol-
ger 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 cerufy
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 l65. New
Orleans Oct. II, 1922.
ROBT SCOTT.
by. Rec.
/ hereby certify the above and fore
going to be 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 / hereunto set my
hand and seal, this 18th day OF october,
A. u. 1922. -
(SeaD w. w. YOUNG,
oct19-nov16 Notary Pubhc.