The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.

| term by the remaining directors. Each
! subscriber hereto sets after his name his
| pOstOftice address and statement OF
the number of shares of stock which
| he agrees to take in the corporation. Al
| 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. majority
| OF 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 "a meeting convened for that pur-
pose. after fifteen (l5) days notice sent
| to each stakeholder by mail to his last
! known address; said liquidatOrs shall
| have the authority to wind up the bust
| ness and affairs of this corporation. In
| case of the death of a liquidatOr, the
survivors shall 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 u
general meeting of the stockholders con
vened for that purpose, after fifteen Qj)
days written notice Shall have been
given to each stakeholder, mailed to him
at his last known address.
ARTICLE VIII. No subscriber for
stock shall ever be held liable for the
contracts, faults or debts of said cOrpor
alton in any further sum than the unpaid
balance, if 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
him; nor shall any mere informally in
organization have the effect of rendering
this charter null, or rendering any sub
scriber 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
corporation, or any part thereof. with
out hrst Offering the same in writing to
the other stockholders, through tie BoarCs
or Directors. at its then book value, who
VIII have the first option to purchase
the same, and in the event of me death
OF stakeholder, 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
or 1914, and the subscribers hereto for
themselves and said corporation and for
its officers, directors and stockholders.
hereby accept as part of this charter aud
as conditions of this corporation all the
ties granted TO corporations and granted
to and conferred upon officers, direc-
tors and stockholders of corporations
by said laws and said act; such accent |
ance being as full, complete and binding
as If said rights, powers. privileges and |
lmmunltles were set forth at length in !
this instrument
Ihus done and passed in my nOtarial |
office in the City of New Orleans afore- |
SAID IN the presence Of NJ. NJ. BOatner
and Holger G.. Kohnke. competent wit |
nesses OF lawful age and residing in this |
city, who hereunto subscribe their names. |
together with said parties and me. No |
tary, on the day and date set forth in
the caption hereof
lNames of subscribers omitted)
Witnesses:
NJ VI. BOATNER,
HOLGER G. KOHNKE.
w. W. YOUNG.
Notary Public
1. the undersigned Recorder of Mort
cages In and for the Parish of Orleans.
state OF Louisiana. do hereby certify
nat the above and foregoing act of in
corporation of the HOME OIL AND RE
Filming CO, INC, was this day duly
'ecorded in my office in book 1858,
plio
New Orleans, La, April II, 1922.
ROBT. SCOTT.
Deputy Recorder
1 hereby certify the above and fore
'Oing to be a true and correct copy Of
ne original act of incorporation of the
fOME OIL AND REFINING co. INC,
ogether with the certificate of the Re-
order Of Mortgages on file and of record
n my office.
In faith whereof / hereunto set my
and and seal this seventeenth day of
Ipril, A. ID. 1922.
W. W. YOUNG.
Notary Public.