The herald., 1922-03-30
CHARTER.

teen days thereafter as the company shall
appoint upon payment or the prescribed
price. to transfer such share or interest TO
the purchasing shareholder. That IL 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 thereupon cause the name OF
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 retlrlhe
shareholder his executors, administrators,
or assigns, and the receipt of the company
for the purchase money shall be q goou
discharge to the purchasing sharehOluer
and he shall not be bound to see to the
application thereof, and after the name OF
the purchasing shareholder has been en-
tered in the register in purported exer-
else of the aforesaid power, the validity OF
the proceedings shall not be questioned
by any person, and the purchasing share
holder shall be deemed and taken to be
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 undl.
vided profits, provided that If instead or
there being undivided profits there exists
an impairment of capital Of the said com
pany, then the prOportionate part or such
impairment shall be deducted from the
amount paid in upon such shares or in
tcTest in 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-
justments to avoid fractions of shares,
and for that purpose giving preference In
all cases to shareholders who have the
largest holdings.
ARTICLE VIII-This charter may be
modified, 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 at any meeting of the stock
holders held for that purpose. after prior
notice in writing to each stockhOlder. or
mailed to him at his last known post office
address. all in accordance with the terms
of Act 267 Of 1914.
! ARTICLE IX-At the expiration OF
this charter. or the earlier dissolution OF
this corporation for any cause, its affairs
shall be liquidated by two or more hqui-
datOrs to be elected by the stockholders
all of whom shall hold stock in said com
pany and said commissioners are hereby
vested with full power and authority tC
| liquidate the affairs of said company, with
| full power to act.
ARTICLE Kin order that this charter
| may serve as subscription list the IN
dersigned incorporatOrs of this corpora,
| ton have subscribed for the number OF
shares set opposite their respective names
Thus done and passed. in my office. IL
| the City of New Orleans, on the day
month and year first above written in the
presence of J. n. Swing and f. ii. krause
competent witnesses, and me, notary, after
due reading of the whole.
Witnesses: ]. N. Swing, z. II. Krause
| ORIGINAL SIGNED):
Chin U. Chong. two hundred shares
| Chin L. Chong Trustee, six hundred
and forty shares; George NJ. Chan, forty
| shares; Wallace Bat Yut, twenty shares.
| FRANCIS p BURNS,
Notary Public
I. the undersigned, Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify thai
| the above and foregoing Act of lncorpora
, ton. of the Oriental Restaurant Company
| Incorporated. was this day duly recorded
| in nv office in Book 1868. folio -.
/ New Orleans, February Is. 1922.
| (Signed): RoBT. SCoII,
Deputy Recorder
| Eah o2-Nfch 20