The herald., 1913-06-19

transferable and on-alienable, except that
same shall be sold back TO the association
and be by il resold and reissued TO new
members. as hereinafter provided, and any
other attempted negotiation, transfer or
alienation. voluntary or forced, shall be nun
and void and Of no effect.
ARTICLE 6.
At the death OF shareholder, the aSSocl,
alton shall, ipSO fdct0, and without ludlclal
nrOCess become the owner OF his share OF
STOCK, and shall. without delay, pay TO his
heirs or administrators or executors, the
amount OF said share.
ARTICLE :.
No member Of and shareholder In TINS
association shall have the right 10 resign
therefrom, unless and until he shall have
first resigned and surrendered his commits
sion river port pilot TO, ana such reSIE-
nation and surrender shall have Deen ac-
cepted hv, the governor OF this state. When
this shall have been done and the resigna-
tiou Of such member and shareholder shall
have been accepted 10y the board OF directors
his share Of stock shall thereby, ipSO fdctO,
property OF the association, and II sinai!
forthwith pay him the amount or said
share: and he shall be further entitled 10
a pension Of fifty dollars $500 per month
so long as he shall not violate the condition
imposed upon him in accepting his reSlgna-
ton, which condition shall be that he shall
never pilot any steamships or other vessels
that have been or can be plotted by mem
bers OF this association.
ARTICLE s.
Whenever any member and shareholder OF
this association shall be by the governor or
this state deprived OF his commission as a
river port pilot, he SHALL ipSO tactic, cease
10 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 7. Loga, vice-presidcnt
and the said William F. Spence. Jr., secre-
tary, hereby accordingly make known the
said amendments, and request the undSr-
signed notary 10 annex hereto duly certi.
fed copy OF the prOces-verbal OF the said
stockholders meeting OF February II, 1913.
certifying TO the decrease of the capital
stock as aforesaid, and filed with the secre-
149 of 1898. together with the certificate
granted by the secretary OF state; as well
as a certified extract from the minutes OF
said stockholders meeting, relative to the
said amendments.
And the said appearers further request
that the present act be recorded by the re-
corder OF mortgages for this parish, in ac-
cordanCe with law.
Orleans, the day, month and year first above
written, in presence of MesSrs. Gustave A
Llambias and Delvaille II. Theard, compet-
ent witnesses, who have signed with the
appearers and me, notary. after due rea ling.
(Original signed) Joseph p. Loga, vice
president: William F. Spence Jr.. secretary
Gus. A. Llambias, Delvaille II. Theard.
CHAs. !. THEARD, Not. Pub
I, the undersigned. recorder OF mortgages
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 nv office, in hook loss, folio 400
New Orleans, MAY IL. 1913.
tSigned) EMILE ]. LEONARD, n. r.
A true copy:
CHAs. ]. THEARD. Not. Pub.
may 90 "a june 10 10 26