The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-19

me, feliN j. DreyfOuS, a notary public duly
S 4rIn ana sworn in for the parish Of
| residing, personally appeared Messrs Ernest
| Lee Jahncke and Paul +. Jahncke. both of
| inns CITY, special committee appointed for
! the purposes hereof.
Who declared that at a meeting OF the
| stockholders Of the FRITZ JAHNCKE
| (lNC.),' corporation organized under thf
| laws OF this state, by an act passed in thi,
ONCE on August -, 1908, recorded in the
| mortgage office, book 0l2, folio 36S-held
on July Is, 1911, pursuant to notices sent
| TO each stakeholder AT his last known post
Office address, Article " Of said charter
was amended SO as 10 read hereafter as
| follows:
ARTICLE ".
The capital stock OF this corporation Is
| hereby nGed al the sum Of thirty thousand
| dollars, divided into three hundred 600,
shares or the par value of one hundred
(SlOOD dollars each, which shares shall be
PAID Tor IN cash or in the purchase of pro
perry. All shares Of stock shall be full paid
and 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 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
and possessed subject to the rule and proyi-
slonS for the transfer Of same hereinafter
set out, tO-wlt:
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 OF such transfer, sale or other
alienation, TO purchase such stock at book
value plus twenty-five per cent, the value
10 be aScertained 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 any
hands to which 1t may pass and may 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.
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 TO give ten DAYS
written notice Of such intention or desire
10 the board Of directors Of tie corporation,
VINO 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
TO 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 expira 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
hiking the value of said stock, which value
snail be established on the basis Of the last
annual or semiannual statement or report
or 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 .
fOnn1 a oh iSba Shol
constitute the value and price of said stock
IL 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 to
hx the said value, using the report and trial
Daiance 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-
iiShed by the Joint act Of the owner, his
agent widow, heir or representatives. or by
the board of directors acting In default OF
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 board
Of directors shall thereupon give notice
thereof to the owner OF the stock his agent
or representative, and before the expiration
OF the period OF eighty days aforesaid shall
call In the certificate or certificates renee
senting such stock and pay the price or
value theseOf and cause the same TO be
transferred on the books to the purchaser
Second. The preference. option and right
or purchase heretofore vested by paragranh
First In the other shareholders shall exist
In full force and effect in their favor to ac-
quire the shares of stock of a deceased stock
holder. and the formalities and course OF
procedure. the terms conditions. stipula-
lions and delays hereinabove established in
said paragraph shall apply In all respects
10 me procedure to be followed in case of
death. Immediately upon receipt Of infor-
nation OF the death Of anv shareholder II
shall be the duty Of the board of directors
to cause the necessary steps TO he taken to
carry out and enforce these provisions.
Third. The preference, option and right
or purchase hereinabove established shall
run In favor OF each shareholder OF record
for his virile share In proportion TO his ex-
lsting holdings In the stock. but should any
shareholder fail to exercise his right in this
regard his rights shall pass TO and he alb
that the owner. his widow, heirs or legal
representatives, as the case may be, shall
not be Obliged to deliver said stock unless
the offers to purchase the same shall include
and cover the entirety OF the offerings under
paragraph First or all Of the holdings under
paragraph Second.
Fourth. All certificates Of stock shall
bear upon their face a brief reference to the
rights herein established in favor of the
stockholders"
~ "HOIc appears Dv 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
j: Basile, competent witnesses, who have
signed with the appearers and me, the no
tary, after reading the whole.
Original signed) Eernest Lee Jahncke.
Paul +. Jahncke
F. b. Twomey F. J. Basile.
FELIX ]. DREYFoUs, Not. Pub.
|, the undersigned. recorder Of mortga ces.
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 IncD"
was this day duly recorded In my Office, in
book -, folio =.
New Orleans, August 10. 1911.
(Signed)
EMILE LEONARD, d. R.
true copy from the original act:
FELIX ]. DREYFoUs, Not Pub
(SeaD 204 L. & L. & G.. Building
oct II 10 20 nov o 10 1911