The herald., 1922-07-13
CHARTER.
yivors shall appoint a stakeholder as sue
m him

vivors shall appoint a stakeholder as sue
CessOr 10 him.
ARTICLE vII-Thls charter may bt
modified. changed or altered, Or said
corporation may be dissolved, with the
assent Of the stockholders owning two
thirds of the entire capital stock. at q
general meeting of the stockholders con-
vened for that purpose. after fifteen, tl5D
days written notice shall have been given
to each stakeholder. mailed to 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 OF
stock shall be binding or have any effect
upon the corporation unless and until
made upon its books.
No subscriber for stock shall ever b.
held liable for the contracts. faults or
debts of said corporation in any further
sum than the unpaid balance. If any. due
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 in any further sum
than the unpaid balance if any, on the
stock owned by him. nor shall any mere
nformality in organization have the eff
fpcr Of rendering this charter null. or
rendering any subscriber liable beyond
the unpaid amount, if any, remaining on
his stock.
No stakeholder in this corporation shall
have the right to sell the stock of this cor
ilNTtIafn oN Itu DN MIN WITHOUT UTSl W
fpring the same. in writing through the
board of directors, 10 the other stock
holders AT its book value at the close of
the last fiscal year. and the stockholders
shall have the right within fifteen. tl'l.
dayS after the offer to sell has been To
cniyed by the board Of directors to pur-
chase the stock offered. Should the
stockholders not desire TO purchase the
stock offered for sale, the corporation NAV
purchase the same for cash and any stock
hUS Htunirp6 and stock of the
puratIon which il may buy or 9th arwi>e
acquire may he held re-iSsued or sold by
IN" board Of directors ut such price as the
board Of directors. in its discretion. may
determine proper.
ARTICLE IN-This corporation is or
EaniZed under the laws Of the State of
Louisiana. and especially Act 267 of 1914
aud the subscribers hereto. for them
selves and for said corporation and for
its officers directors and stockholders
and as conditions Of this corporation, all
the rights. powers. privileges and i'm
munitieS granted to corporations. and
granted to and conferred upon officers
directors and stockholders of corporations
10y said laws and said act: such accent
ance being as full. complete and binding
a. il said rights, powers. privileges and
immunities were set forth at length in
this instrument.
Thus done and passed in nv office in
the presence of Leah Simerick and Joseph
+. GCgartY. competent witnesses of lawful
age and residing in this city, who here
unto subscribe their names. together with
the said appearers and me- notary, on the
dav and date set forth in the caption
hereof. after due reading of tue whole.
Witnesses: Joseph +. Gogarty. Leah
SimeriCk.
ORIGINAL SIGNED:
Edward ]. TOnguis, 1929 Coliseum
street. l share; Henry Il. Reese. 344
Inwerline Street. l share: John Il. Reese
~ LOwreline Street, l share.
STANLEY McDERMOTT.
CSeaD: Notary Public.
] hereby certify that the above and fore
going is 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.
tSeaD: Notary Public.
|. the undersigned. Recorder Of Mort
cages, in and for the Parish of Orleans
State Of Louisiana. do hereby certify that
he above and foregoing Act of Incorpora-
ion of the Modern Homes. Incorporated.
was duly recorded this day in my office
N Book -. folio -.
New Orleans. La, June - 1922
(Signed): ROBT. SCOTT.
Deputy Recorder.
Tune e2-July %.