The herald., 1913-05-29

the head Of the Passes, and unless he also
holds a commission from the governor OF
the state Of Louisiana as river port pilot,
under the provisions OF the state law gov
erning pilotage on the waters aforesaid, nor
until he shall have been duly elected 10
membership In this association, and have
signed an obligation TO stand TO and abide
by its charter, bylaws, rules and regula
tions.
The shares of stock Of this corporation
shall not be subject to pledge or hypotheca-
ton, except as herein provided, and any at.
tempted pledge or hypOthecation Thereon
shall be null and void and OF no effect, and
said shares shall be nOn-negOtiable, non.
transferable and nOn-allenable, except that
same shall be sold back to the association
and be by it resOld and reissued to new
other attempted negotiation, transfer, OF
alienati ton, voluntary or forced, shall be null
and void and Of no effect.
ARTICLE 6.
At the death Of a shareholder, the associ
alton shall, ipSO fGCtO, and without judicial
process, become the owner Of his share OF
stock, and shall, without delay, pay 10 his
heirs, or administrators or executors, the
amount OF said share.
ARTICLE :.
No member OF and shareholder In this
association shall have the right TO resign
therefrom, unless and until ne shall have
first resigned and surrendered his commits
sion as a river port pilot to, and such reslg-
Cepted by. the governor OF this state. When
this shall have been done, and the reSigna-
ton Of such member and shareholder shall
have been accepted by the board OF directors,
his share Of stock shall thereby, iDsO factO.
and without further process, become the
property Of the association, and 1t shall
forthwith pay him the amount OF said
share: and he shall be further entitled to
a pension Of fifty dollars $500 per month
50 long as he shall not violate the condition
imposed upon him in accepting his resigna-
ton, which condition shall be that he shall
never pilot any steamships or other vessels
that have been or can be pilOted by men,
bers OF this association.
ARTICLE s.
Whenever any member and shareholder OF
this association shall be by the governor OF
this state deprived Of his commission as a
river port pilot, he shall. ipsO fGcto. cease
To be a member of this association, and his
share OF stock shall thereby Immediately be-
come the property OF the association. and
he shall be paid the amount Of said share
and all connection, rights. duties and obli-
cations between him and the association
shall cease and terminate.
The said Joseph p. Loga, vice-presdcnt.
and the said William F. Spence. Jr., secre-
tary, hereby accordingly make known the
said amendments, and request the under
signed notary to annex hereto a duly certi-
fed copy of the proces-verbal Of the said
stockholders meeting OF February IL. 1913.
certifying TO the decrease OF the capital
stock as aforesaid, and filed with the Secre-
tary of state, In accordance with Act No.
li9 OF 1898, together with the certificate
granted by the secretary OF state: as well
as certified extract from the minutes OF
said stockholders meeting, relative to the
said amendments
And the said appearers further request
that the present act b. recorded by the re-
corder of mortgages for this parish, in &C.
cOrdance with law.
Done and passed in my Office at New
Orleans. the day. month and year first above
written, in presence of NeSSrS. GuStaye A
Llambias and Delvaille III. Theard, compet-
ent witnesses, who have signed with the
appearerS and me. notary. after due reading.
'Original Signedl Joseph =. Loga. vice
president: William T. Spence. Jr secretary.
Gus A. Lambias, DPlvaille II. Theard
CHAS. J. THEARn, Not Pub
/, the undersigned. recorder OF mortga gps.
In and for the parish OF Orleans. state of
Louisiana. do hereby certify that the above
and foregoing act Of amendment Of act OF
incorporation OF the Crescent River Port
Pilots Association was this day duly re-
corded in my Office In book 1888. folio 426.
New Orleans, Nav IL. 1913.
iSigned) EMILE J. LEONARD, D. r.
\ true copy:
CHAS. ]. THEARp, Not Pub.
may % "a june II 10 &c