The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER.
givors shall appoint a stakeholder as sue

vivors shall appoint a stakeholder as sue
cessOr to him.
ARTICLE yII-This charter may be
modified. changed or altered. OF said
corporation may be dissolved. with the
assent of the stockholders owning two
thirds of the entire capital stock. at a
general meeting Of the stockholders con-
vened for that purpose, after fifteen il'l.
days written notice shall have been given
to each stakeholder. mailed 10 him at his
last known address.
ARTICLE VIII-The shares of stock
shall be transferable only on the BOOKS
Of the corporation and no transfer or
stock shall be binding or have any effect
upon the corporation unless ana unui
made upon its books.
No subscriber FOR stock shall ever be
held liable for the contracts. faults or
debts OF said corporation in any further
sum than the unpaid balance. II any. cue
the corporation on the stock for which
he has subscribed nor shall any stock
holder ever be held liable for such con
tracts faults or debts il any further sum
than the unpaid balance if any. on the
stock owned by him: nor shall any mere
iuformality in organization have the ef-
feet Of rendering this charter null. or
rendering any subscriber liable beyond
rhe unpaid amount, If any, remaining on
his stock.
No Stockholder in this corporation shall
have the right 10 sell the stock Of this cor
porHtion owned by him without nrSt OF
fe-iu- rhe same. in writing through the
board Of directors. 10 the other stock
holders ar its book value az the close II
the last fiscal year. and the stockholders
shall have the right within fifteen. tlIt.
days after the offer TO ell has been re-
ceived by the board Of directors To pur-
chase the stock 50 offered. Should the
rUckholdarS not desire 10 purchase the
stock offered for sale the corporation may
purchase the same for cash. and any stock
thus acquired and any stock Of the cor
p"rItlon which il may buy or 9th ,rWi>e
acquire NAV be- held. rs-i~Sued or sold by
the board 81 directors az such price as thu
board Of directors. in its discretion. may
determine proper.
ARTICLE IX-ThiS corporation i or
ganized under the laws Of the State az
Louisiana. and especially Act 26I Of l9lf
and the subscribers hereto. for them
selves and for said corporation and for
it, officers. directors and stockholders.
hereby accept. a part OF this charter.
and a conditions Of this corporation. all
rhe rights. powers. privileges and i'm
munitirS granted 70 corporations. and
granted 70 and conferred upon officers.
directors 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
immunitirS were set forth At length in
this instrument.
Thus done and passed in my Office in
the City Of New Orleans. aforesaid. in
TIE presence OF Lean SlTlerlCh ana Joseph
+. GCgarty. competent witnesses OF lawful
age and residing in this city. who here
unto subscribe their names. together with
the said app-arerS and me. notary. on the
day and date set forth in the caption
hereof. after due reading Of the whole.
Witnesses: Joseph F. Gogarty Leah
SimeriCk
ORIGINAL SIGNED:
Edward J. TouguiS. 1896 Coliseum
Street. l share: Henry r. Reese "a
Lowerline Street. l share: John Il. Reese
34i Lowreline Street, 1 share.
STANLEY McDERMOTT.
(SeaD: Notary Public
| HEREBY certify that the above and fore
going is a true and correct copy Of the
Act Of Incorporation of the Modern
Homes. Incorporated. passed before me
on the 18th day OF June. 1922. and which
Is now on file and of record in my no.
tarial Office.
STANLEY McDERMOTT.
(SeaD: 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-
ton OF the Modern Homes. Incorporated.
was duly recorded this day in my Office
in Book 1858, folio
New Orleans. La, June -. 1922
(Signed) ROBT. SCOTT.
Deputy Recorder.
June 22-July q