The herald., 1911-11-02

office on August -. 1908, recorded in the
mortgage office. book 9l2, folio 36S,-held
on July -, 1911, pursuant to notices sent
to each stakeholder at his last known post
Office address, Article " Of said charter
was amended 50 as to read hereafter as
follows:
ARTICLE ".
The capital stock OF this corporation 4.
hereby fixed al the sum Of thirty thOusa d
dollars, divided into three hundred 600 :
shares or the par value OF one hundred
iSluOD dollars each, which shares shall be
paid for in cash or in the purchase Of pro
perry. All shares Of stock shall be full paid
ana worcestershire. No transfer OF stock
shall be binding upon the corporation unless
made upon its books, and all certificates OF
stock shall be signed by such officers a.
may De designated by the board OF directors.
All STOCK IN this corporation shall be
held upon condition precedent and under
contract and agreement in the nature OF
vested rights that all such stock Is so held
and possessed subject TO the rule and provi-
slonS Tor the transfer of same hereinafter
set out, to-wit:
First No sale or other transfer of shares
or stock in this corporation shall be valid
until and unless the opportunity has been
hrSt afforded the shareholders OF record at
the date or such transfer, sale or other
alienation, 10 purchase such stock at book
value plus twenty-five per cent, the value
10 he ascertaned in the manner herein pre-
ScrlOed. The right to acquire said stock
hereby first vested in the other stockholders
OF record shall follow the stock into any
hands TO which il may pass and NAV be
exercised against the holders thereof within
ninety days from the time any sale or trans
fer thereof has been offered to be entered
on the books OF the corporation.
IL shall be the duty OF any holder OF
stock IN this corporation who intends or de.
Sires sell, transfer ALLEVIATE or other
wise di9pose OF the same to give ten days'
H. M int lon,
10 the board Of directors Of the corpora ton
who are hereby constituted agents of the
other stockholders for the purpose of such
notice, and said boa I'd Of directors shall give
immediate information thereof, in writing.
10 all the other stockholders OF record. Be
fore the expiration OF the ten days from the
receipt or said notice by the board of direc-
tors any shareholder Of record NAV offer 10
purchase, and may acquire the right TO pur.
chase, said stock by notifying the board OF
directors in writing and thereafter shall
deposit the price Of said stock in cash with
the corporation on or before the erpira ton
or eighty days from the last mentioned date
Upon the receipt OF the first mentioned
notice, the board Of directors shall advise
the person owning said stock, his agent or
representative. TO join with said board in
hiking the value Of said stock which value
shall be established on the basis Of the last
annual or semi-annual statement or report
OF me corporation and the last monthly trial
balance preceding the date of such notice,
ana 10 the value thus found and established
there shall be added twenty-five per cent.
ana the sum thus found and established shall
constitute the value and price OF said stock
III Wlthin twenty-four hours after such
notice, the owner, his agent or representa-
tive, does not join with the board In estsb-
ilshlnS the price or value OF the stock. tn.
BOARD may proceed without further DELAY 10
1I the said value, using the report and trial
balance Aforesaid for that purpose which
writings are declared TO be conclusive eyi-
dence for and against all parties IN interest
xt-hn 49, ~
lished by the joint act of the owner his
agent. widow, heir or representatives.. or by
the board OF directors acting in default 81
'h9 eo-operstion OF said person or persons
pom receipt OF the Offer or sccepta ace Of
any shareholder to purchase said stock and
upoh obtaining guarantee satisfactory ia
said board for the price thereof. the bss I'd
OF OF directors shall thereupol give notice
or representative, and before the .Inirafion
OF the period OF eighty DAYS aforesaid shoiI
can In the certificate or certificate, r.nro
senuiag such stock and pay the price Or
trans,.rr.s ana cause the sane to be
Second. The preference ONTO. ard ri.b;
OF purchase heretofore vested Sv M ,ranb
T. Gr ST., = the other shareholders shall exist
IN IuIi rorce and eject in their favor TO nc.
qulre the shares OF stock Of a decea SAD stool
holder and the formalities and cours. =,
procedure. the terms. conditions. stipuIs
lions and delays hereiaaboye established In
70 the procedure to be followed 4, cos. y,
death. Immediately upol receipt OF ipfor.
NATION or the death OF any shareLoId.r :,
snaIl be the duty Of the board Of directors
carry out and enforce these provisions,
Third. The preference. option and r,ob,
OF purchase hereinabove established shall
run In favor Of each shareholder of record
,or ms write share In proportion to his eY.
listing holdings in the stock. hut shonId an,
shareholder fail to exercise his right In mi,
regard his rights shall pass TO and he An
sorbed by the other shareholders. provided
that the owner. his widow, heirs or lega
representatives. as the case NAV he. shall
not be obliged TO deliver said stock miles.
the offers to purchase the same shall ipclude
and cover the entirety Of the offerings under
paragraph First or all Of the holdings under
paragraph Second.
bear upon their face a brief reference to tn,
righIs herein established In favor of the
stockholders"
As the whole more fully appears by the
annexed certified copy Of the minutes OF
said meeting made part hereof.
Thus done and passed in my Office. on the
DAY, month and year first above written. In
the presence OF Frank B. Twomey and Frank
): Basile. competent witnesses who have
signed with the appearers and me, the no.
tary. after reading the whole.
C0riginal signep Eernest Lee Jahncke,
PAUL +. Jahncke.
+. X. Twomey, F. ]. Basile.
FELIX ]. DREYFoUs. Not. Pub.
!, the undersigned, recorder Of mortgages
IN and for the parish Of Orleans and state OF
louisiana, do hereby certify that the above
and foregoing amendment to the act OF In.
corporation Of the "Fritz Jahncke Inc1"
was this day duly recorded In my office, In
book -, folio =. -
New Orleans, August 10, 1911.
(Signed)
EMILE LEONARD, ID. r.
true copy from the original act:
FELIX J. DREYFoUs, Not. Pub.
tSeaD 204 L. & L. & G. Building
oct II 10 20 nov o 16 1911