The herald., 1922-05-25
CHARTER.

| term by the remaining directors. Each
subscriber hereto sets after his name his
| pOstofiice 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 10 one vote for each share OF
| stock standing in his name on the books
| Of the corporation, to be cast in person
| or by his written proxy. n majority
| or 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 meeting convened for that pur-
pose, after fifteen U5) days notice sent
| to each stakeholder by mail TO his last
known address; said liquidatOrs shall
have the authority 10 wind up the bust
ness and affairs of this corporation. In
case of the death OF a liquidatOr, the
survivors, snail 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
general meeting of the stockholders con-
vened for that purpose, after fifteen to-
days written notice shall have been
given TO each stakeholder, mailed to him
ut his last known address.
ARTICLE Will No subscriber for
stock shall ever be held liable for the
contracts, faults or debts of said corpOr.
atlOn III any further sum than the unpaid
balance, II 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 by
MN; nor shall any mere informally in
Organization have the effect of rendering
TINS charter null, or rendering any sub
scrlber 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 |
or any part thereof, with |
out hrSt Offering the same in writing TO |
the other stockholders, through the Board |
OF Directors, at its then book value. who
VIII have the first option to purchase |
the same, and in the event of the death
OF stOckhOlder, 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. 267
d I9l4, and the subscribers hereto. for
themselves and said corporation, and for
us OfhcerS, directors and stockholders |
hereby accept as part of this charter and
rs conditions of this corporation all the
'ights' powers, privileges and immuni-
les granted to corporations and granted
20 and conferred upon officers. dire.
ors and stockholders of corporations
~ said laws and said act; such accept
lhce being as full, complete and binding
Is II SAID rights powers. privileges and
his instrument "
thus done and passed in my notarial
'fhce In the City of New Orleans afore-
ana, In the presence of NJ NJ Boatner
ND Holger q. KOhnke, competent wit
eSseS or lawful age and residing in this ,
lily, VINO hereuntO subscribe their names. |
ogether with said parties and me. No {
ary' on the day and date set forth in {
he caption hereof.
(Names of subscribers omittedD
Witnesses:
NJ. NJ. BOATNER. |
HOLGER G. KOHNKE 7
W. W. YOUNG. {
Notary Public. |
l, the undersigned Recorder of Mort 7
ages In and for the Parish of Orleans. I
tate OF Louisiana. do hereby certify L
nat the above and foregoing act Of In
lrpOration of the HOME OIL AND RE n
MING CO, INC, was this day duly
corded in my office in book l26S. Ii
New Orleans, La, april II. 1922
ROBT. SCOTT, q
Deputy Recorder. h
L hereby certify the above and fore n
'lng to be true and correct copy of ir
e original act Of incorporation OF the n
ONE OIL AND REFINING co. INC ~
gether with the certificate of the Re OF
rider Of Mortgages on file and of record "
my office.
In faith whereof i hereunto set nv NJ
M and seal this seventeenth day OF &C
,ril, A. ID. 1922 as
W. W. YOUNG. fo
~ Notary Public. O.