The herald., 1913-06-05

the head Of the Passes, and unless he also
holds a commission from the governor OF
the state OF Louisiana as river port plot,
under the provisions OF the state law gov
until he shall have been duly elected to
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 10 pledge or hypotheca-
tion, except as herein provided, and any at.
tempted pledge or hypothecation thereon
shall be null and void and OF no erect, and
said shares shall be non-negotiable, non
transferable and nOn-alienable, except that
same shall be sold back to the association
and be by 1t resold and reisSued to new
members, as hereinafter provided, and any
other attempted negotiation, transfer, or
alienation 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 flctO, and without Judlcla!
process become the owner OF his share or
stock, and shall, without delay, pay TO his
heirs, or administrators or executors, the
amount OF said share.
ARTICLE Z.
No member OF and shareholder In this
association shall have the right TO resign
therefrom, unless and until he snail nave
first resigned and surrendered his commls-
sion as a river port pilot to, and such reSlg-
nation and surrender shall have been ac-
cepted by, the governor OF this state. When
this shall have been done, and the reslgna-
rion OF such member and shareholder snail
have been accepted by the board or directors,
his share OF stock shall thereby. iDSO fdctO,
and without further process, become the
property OF the association, and II snail
forthwith pay him the amount OF said
share: and he shall be further entitled TO
a pension OF fifty dollars $500 per month
so long he shall not violate the condition
imposed upon him in accepting his resigna-
Al. tt let, ehan ha thar ha hal
never pilot any steamships or other vessels
that have been or can be piloted by mem
bers OF this association.
ARTICLE 8.
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 fdctO, cease
10 be member OF this association, and hi,
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-president
and the said william F. Spence, Jr., secre
| tary, hereby accordingly make known thu
signed notary to annex hereto a duly certi
| fed copy Of the proces-verbal OF the saiC
| stockholders meeting OF February II, 1913
| certifying to the decrease OF the capita
| tary OF state, in accordance with Act No
! 149 OF 1898. together with the certificate
granted by the secretary OF state: as wei
as a certified extract from the minutes o
said stockholders meeting, relative TO thu
said amendments.
! And the said appearers further reques
that the present act be recorded by the re
corder OF mortgages for this parish, in &C
| cordance with law.
Done and passed in nv Office. at New
Orleans, the day, month and year first abov,
written, in presence of Messrs. Gustave A
| Llambiss and Delvaille III. Theard, compel
ent witnesses, who have signed with tn,
sppearers and me. notary. after due reading
| (Originsl signed) Joseph +. LOga. vice
president: William +. Spence. Jr., secretary
Gus. A. Llambias, Delvaille II. Theard
CHAs. !. THEARD, Not. Pub.
| /, the undersigned. recorder of mortgages
in and for the parish Of Orleans, state o
Louisiana, do hereby certify that the abov
and foregoing act Of amendment OF act o
! Incorporation OF the Crescent River Por
Pilots Association was this day duly re
corded in nv Office, In book loss, folio 426
New Orleans, Nav IL. 1918.
(Signed) EMILE J. LEONARD, ID. r.
A true copy:
CHAs. ]. THEARD, Not. Pub.
may 90 "a june II 10 90