The herald., 1911-10-26
ARTICLE ".

was amended so as to read hereafter a.
| follows:
ARTICLE ".
The capital stock OF this corporation is
| hereby fixed AT the sum OF thirty thousand
| dollars, divided into three hundred 1900,
shares OF the par value of one hundred
| tSlOO) dollars each, which shares shall be
| paid FOR in cash or in the purchase OF pro
| perry. All shares of stock shall be full pa Id
| and nonaSseSSabe. No transfer OF stock
| shall be binding upon the corporation unless
made upon its books, and ali certificates OF
stock shall be signed by such officers as
| may be designated by the board OF directors
All stock in this corporation shall be
| held upon a condition precedent and under
| contract and agreement In the nature OF
vested rights that all such stock is so held
ana possessed subject to the rule and proyi-
SiOnS for 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
| first afforded the shareholders OF record al
! the date OF such transfer. sale or other
alienation. 10 purchase such stock at book
value plus twenty-five per cent, the value
| 10 be asccrtained in the manner herein pre-
Scribed. The right to acquire said stock
| hereby first vested In the other stockholders
| Of record shall follow the stock into apy
hands 10 which IL may pass and may be
] exercised against the holders thereof within
ninety days from the time any sale or trans
Ter thereOt mas been offered TO be entered
on the books OF the corporation.
1t shall be the duty of any holder OF
stock in this corporation who intends or de-
| sires 10 sell, transfer, ALLEVIATE or other.
wise dispose OF the same 10 give ten days
| written notice OF such intention or desire
to the board OF directors OF the corporatio
who are hereby constituted agents of the
other stockholders for the purpose OF such
notice. and said board 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 OF said notice by the board of direc-
tors any shareholder OF record may offer TO
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 expra ton
Of 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
fixing the value of said stock. which value
; shall be established on the basis of the last
annual or Semi-annual statement or report
OF the corporation and the last monthly trial
balance preceding the date OF such notice
and to the value thus found and established
there shall be added twenty-five per cent
r and the sum thus found and established sha II
constitute the value and price OF said stock
| III within twenty-fOur hours after such
notice. the owner, his agent or representa-
{ tive, does not join with the board in eStab
| fishing the price or value Of the stock the
board may proceed without further delay 10
fix the said value. using the report and trial
balance aforesaid for that purpose which
writings are declared TO be conclusive evil
dence for and against all parties in interest
IN the premises. whether the value Is estab-
lished by the joint act Of the owner his
agent. widow, heir or representatives. or BY
the board OF directors acting in default OF
l the cooperation OF said person or persons
Upon receipt OF the Offer or acceptance of
any shareholder to purchase said stock and
upon obtaining guarantee satisfactory to
said board for the price thereof the boa I'd
: OF directors shall thereupon give notice
thereof to the owner Of the stock, his agent
y, or representative. and before the expiration
= or the period OF eighty day. aforesaid shall
call in the certificate or certificates repro.
senting such stock and pay the price or
: value thereof and cause the same TO be
transferred on the books to the purchaser
Il Second. The preference optiou and rI.b,
or purchase heretofore vested BY paragraph
First in the other shareholders shall exist
:. IN full force and eject in their favor TO &C
A quire the shares OF stock Of deceased stock.
\ holder. and the formalities and course OF
procedure, the terms conditions. stipua
|, said paragraph shall apply in all respects
o to the procedure to be followed in case OF
death. Immediately upon receipt OF ilfor
. nation Of the death Of anv shareholder. II
shall be the duty Of the board OF director,
i to cause the necessary steps TO be taken tc
). carry out and enforce these provisions
Third The preference. option and right
l. OF purchase hereinabove established shall
l. run In favor of each shareholder Of record
$ for his yirile share in proportion TO his eI
; listing holdings in the stock. but should am
e shareholder fail to exercise his right in thi,
|, regard his rights shall pass to and be alb
a sorbed by the other shareholders provided
y that the owner, his widow. heirs or lega
s representatives. as the case NAV be- shall
s not be obliged TO deliver said stock unless
the offers to purchase the same shall includ,
5 and cover the entirety Of the offerings under
{ paragraph First or all of the holdings unde
e paragraph Second.
u Fourth. All certificates of stock shall
a bear upon their face a brief reference to tn,
rights herein established In favor Of thu
: stockholders"
!. As the whole more fully appears by tn,
), annexed certified copy of the minutes o.
said meeting, made part hereof.
Thus done and passed in my Office on tn,
day, month and year first above written. II
q the presence OF Frank b. Twomey and Fraul
J. Basile. competent witnesses, who hav,
y signed with the appearers and me, the no
h tary. after reading the whole.
(Origlnal signed) Eernest Lee Jahncke
Paul F. Jahncke.
F. B. Twomey, F. J. Basile.
FELIX J. DREYFoUs, Not. Pub.
l. !, the undersigned. recorder Of mortga ges
:. in and for the parish OF Orleans and state o
, Louisiana. do hereby certify that the abov
( and foregoing amendment to the act Of in
corporation OF the Fritz Jahncke Uncl
: was this day duly recorded in nv office II
V book -. folio =.
d New Orleans, August 10, 1911.
d EMILE LEONARD, ID. r.
u A true copy from the original act:
" FELIX ]. DREYFoUs, Not Pub
y (SeaD 204 L. & L. & G. Building
l. oct L. 10 &c nov 10 1911