The herald., 1922-03-02
CHARTER.

teen days thereafter as the company shall
appoint upon payment of the prescribed
price. To transfer such share or interest 10
the purchasing shareholder. That If in any
case 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 thcreupOn cause the name ui
the purchasing shareholder to be entered
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 aud the receipt of the company
for the purchase money shall be good
discharge to the purchasing shareholder.
and ne shall not he bound TO see to the
application thereof and after the name of
the purchasing shareholder has been en-
tered in the register in purpOrted rAer-
else of the aforesaid power the validity of
the proceedings shall not he questioned
ny any person. and the purchasing share
holder shall be deemed and taken To Ice
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 undi-
vided profits. provided that if instead of
there being undivided profits there exists
an impairment of capital Of the said COM
pany. then the prOpOrtionate part OF such
impairment shall be deducted from the
amount paid in upon such shares or in
tere>t i'm ascertaininG such prescribed
price. That the company shall in all cases
on receiving notice of desire TO Sell stock
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 ad-
ju>tmcntS TO avoid fractions of shares.
and for that purpose giving preference in
all cases 10 shareholders who have the
largest holdings.
ARTICLE VIII-This charter may he
,lodificd. altered. the capital stock thereof
increased or decreased. or the corporation
may be- dissolved with the assent of two
thirds of the capital stock present or re-
presented ut any meeting of the stock
holders held for that purpose. after prior
notice in writing to each stakeholder. or
mailed To him AZ his last known post office
address. all in accordance with the terms
of Act 2d7 of 1914.
ARTICLE IN-At the expiration of
this charter or the earlier dissolution of
this corporation for any cause, its affairs
shall be iquidated by two or more iqui-
datOrS To he elected by the stockholders
all of whom shall hold stock i'm said com
pany and said commissioners are hereby
vested with full power and authority Il
liquidate the affairs Of said company, with
full power to act.
ARTICLE N-In order that this charter
may serve as n subscription list. the I'M
derSigned incorporators of this corpora
ton have subscribed for the number oi
shares set opposite their respective names
Thus done and passed. in my office. in
the city of New Orleans. on the day
month and year first above written in the
presence Of J. y. Swing and T.. III. krauSe
competent witnesses, and me, notary, after
due reading Of the whole.
Witnesses: J. y. Swing, +. II. Krause
ORIGINAL SIGNED:
chin L. ChOng. two hundred shares
! Chin L. Chong. Trustee, six hundred
and forty shares; George VI. Chan, forty
shares; Wallace Bat lut, twenty shares.
FRANCIS l. BURNS.
Notary Public
/. 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 IncOrpora
tion. of the Oriental Restaurant Company
Incorporated. was this day duly recorded
in my office. in Book l26S. folio
New Orleans, February II. 1922.
| (Signed): ROBT. SCOTT.
Deputy Recorder
Feb 23-Afch 30