The herald., 1922-03-02
CHARTER OF ORIENTAL RESTAU.
RANT COMPANY, INCORPOR-
aTEn

United States Of America. State of Louis
lana, Parish of Orleans: BE il known.
That on this fourteenth day of February.
in the year of our Lord. one thousand.
nine hundred and twenty-five. before me.
Francis L. Burns, a notary public, in and
for the Parish of Orleans, State of Louis
lana, duly commissioned and qualified.
and in the presence of the undersigned
witnesses: personally came and appeared
the several persons whose names are here
matter subscribed. of the full age of ma
jority. who declared to me that availing
themselves of the laws of this state rela-
tive 10 the organization of corporations.
and more especially of Act pa of 1914.
page j2l. of the Legislative acts of this
State. they have cOvenantcd and agreed.
and by these presents do covenant ana
agree for themselves and their successors
and assigns. TO form themselves into
corporation and body polite for the oh
iectS and purposes and under the stipu-
lationS hereinafter set forth. to-wit:
ARTICLE The name and title of this
corporation shall he "Orinetal Restaurant
Company. Incorporated. and under such
title il shall have and enjoy succession
for a period of ninety-nine years from date
hereof. and shall have power and author
ity To contract, sue and be sued. make ana
use corporate seal. the same 10 break
and alter at pleasure; to hold. sell. lease,
mortgage. hypOthccate or pledge property.
real. personal or mixed. necessary. Incl
dental or proper for the carrying on OF
any Other company or companies that may
assist this company in its objects ana
purposes; to make and issue notes ana
certificates of Indebtedness; TO name, elect
and appoint managers. directors ana
clerks or other employees TO properly con
duet its corporate business and TO make
such bylaws, rules and regulations IS
may he founl necessary or desirable for
the management and business aHalrs OF
This corporation.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City TO New Or
leans, State of Louisiana, where all cita-
ton and other legal process shall be
served upon the president or in the ali
Sence of the president, upon the vice presi
dent, or in the absence of both, upon the
secretary.
ARTICLE III-The objects and pur
poses of this corporation are hereby de-
clared and stated To be:
To provide and maintain coffee houses
restaurants. inns. eating houses, taverns,
or places of entertainment and refresh
ment, in the City of New Orleans or else
where.
ARTICLE IV-The capital stock of this
corporation il hereby fixed at the sum of
twenty-five thousand (s25.0O0.O0) dollars.
divided into one thousand 0,OOO) shares
of the par value of twenty-five tS2J.oOl
dollars each. provided that the amount to
which the capital stock of this corpora
tion may be- increased shall he one hun
bred thousand (S1OO.OOO.OO) dollars.
Fifty per cent. of the capital stock of
this corporation must be subscribed for
before the filing of the articles of incor-
poration. The subscribed capital stock
of this corporation shall be payable in
cash. property. real or personal, o; for
services performed CT rendered.
No stakeholder shall ever be held liable
or responsible for the faults, contracts
or debts Of this corporation in any further
sum than the unpaid balance due the cor
poration on the shares of stock subscribed
for by him, nor shall any mere informally
in the organization have the effect of rem
dering this charter null or Of exposing
any share holder TO any liability whatso-
ever.
This corporation shall not engage in
business until twelve thousand. five hun
dred (Sl2 J0O.O0) dollars of the capital
stock has been issued aud actually paid
in. either in cash. property or services as
aforesaid: If any of the stock OF TINS cor
poratiOn is exchanged in whole or in part
for property or good will. in that event
the provisions of Section three 90 of Act
2GI of 1914 shall be strictly complied with.
ARTICLE V-All of the corporate
powers of this corporation shall be vested
i'm and exercised by n board Of directors
composed of seven ca stockholders, each
of whom shall own, in his own tight,
during his term of office, at least one
full paid and unpledged share of the CAPT
tai stock. which shall be shown by his
written declaration. five 10 Of whom
action of business. Any director unable
to attend meeting of the board may ap-
point a proxy for that purpose, who must
be a stakeholder.
The officers of this corporation shall
consist of a president. yice-president. a
secretary and treasurer, all of whom
shall be members of the board of direc-
tors: any two offices, but no more, may
be combined. If desired, and held by one
and the same person.
The following named persons shall con-
stitute the first board Of directors or TINS
corporation. tO-wit: Chin L. Chong, 339
Charities St. New Orleans, La; Henry c.
Lin. 215 $. Liberty ST.. New Orleans. La.
Mon See. Al st. Charles St. New Orleans.
La: Chin King. Ala st. Charles ST.. New
Orleans. La; Wallace Bat Yut, Ala ST.
Charles St, New Orleans, La; George Nj.
Chan. 4l4 ST. Charles St. New Orleans.
La: Bob Y. Chan. Ala st. Charles St.
New Orleans. La, with Chin L. Chong as
president, George NJ. Chan as yice-presi-
dent. Henry c. Lin as secretary, and wal
lace Bat Yut as treasurer, and these Of
ficers shall serve until the first Monday in
March in the year 1928, or until their sue
cessors have been duly elected and quail
fed.
Thereafter the directors shall be elected
annually on the first Monday of March of
each year. beginning with the year 1923
all elections of directors shall be by bai-
lot and each stakeholder shall be entitled
TO one vote for each share or STOCK stand
ing in his name on the books of the cor
poratiOn. this vote to be cast in person or
by proxy, and il shall require majority
of the stock present or represented TO
elect.
Failure to elect a board of directors on
the first Monday in March. 1923, or an
nually thereafter, shall not work Tor
fixture of this charter, but the old board
of directors shall remain in office until
their successors are elected and quali,icr.
ARTICLE VI-The board of directors
shall hold regular meetings at such times
as shall be fixed in the by laws or this
corporation. These meetings shall be held
president may call special meetings Of the
board Of directors at such times and places
within the State of Louisiana as he may
deem advisable, and he shall be required
to call such meetings whenever requested
to do so by three members OF the board
of directors. Three days notice or sue n
spccial meetings shall be given IN wrlililg
to the directors unless waiver OF notice is
sigLcc bv the directors. Any vacancy oc-
curing on the board. either from death:
resignation. or inability to serve, snail
be filled by the board of directors at It's
next regular meeting after such vacancy
shall have occurred. The first board OF
directors of this corporation shall be re-
quired to draft suitable by laws for the
government of this corporation, which
NAV be altered, amended or changed as
the exigencies Of the case may require.
ARTICLE VII-The stock of this cor
poration may be transferred, provided
such transfer shall be recorded upon the
books of the corporation before II snail
be required to recognize the transfer or
! the new holder of said stock. The total
amount of the subscribed stock, as herein