The herald. [volume] (New Orleans, La.) 1905-1953, 1916-12-21
AMENDMENT TO CHARTER
Of MOORE ROTARY STUMP CUTTEF
COMPANY INC

United States of America, State of Louisi-
ana, Parish of Orleans, City of New Or
leans.
BE it known, that on this seventh day OF
the month of December in the year of our
Lord thousand nine hundred and six
teen and of the independence of the United
forty-first, before me, Henry P. Dart, Jr.,
a notary public, duly commissioned and quail
fled, in and for this city and the parish of
Orleans therein residing, and in the presence
of the witnesses herein after named and un-
dersigned: Personally came and appeared:
| !. p. Seton Schneidau, ?. Wesley {. Law
renee, Jr., both OF age and residents of the
city OF New Orleans, here appearing in their
lively, of the Moore Rotary Stump Cutter
Company, Inc, a corporation organized under
the laws of the State of Louisiana and dom-
ciled in the city of New Orleans Who de-
clared that will appear by the certificate
hereto annexed a meeting of the stockhold-
ers of the Moore Rotary Stump Cutter Co.,
Inc, was held at the Office of the corpora
;ion, No. 2l3 Hennen Building, on Saturday,
November T. 1916 at the hour of 2:30 o'clock
p. M. That there were present and repre-
scented six hundred and three t600 shares
Of the capital stock of said corporation out
of seven hundred .thirty.hve G35) shares
was called for the purpose of considering
certain proposed amendments to the char
ter of said corporation, which amendments
were in due course adopted by the said
ers were appointed a committee for the pur-
pose OF causing to be embodied in due for
NAL and legal shape the amendments 20 the
charter of Moore Rotary Stump Cutter, Inc
adopted at such meeting.
And the said appearers further declared
that by virtue of the authority in them
vested by said stockholders at said meeting
held Saturday, November 4, 1916, and for
and in behalf of said corporation, and in
order to carry out the purposes of said meet
ing and to give the alterations, changes and
amendments adopted at said meeting full
legal force and effect, they do now declare,
publish and give notice to the world that
Article " of the charter of Moore Rotary
Stump Cutter Company, Inc, executed be-
fore William J., Formento, notary public, on
the 18th day of August, 1914, was amended,
and the same is hereby amended and re-
enacted so as to read follows, to-wit:
Article IV.-The capital stock of this
corporation is hereby, fixed at seyenty-hve
represented by fifteen hundred Q500) shares
of the par value of fifty ($SOOo) dollars
each.
thereof, may be issued for cash, or may be
paid for in installments of such amounts and
at such terms as the board of directors may
determine, and said stock may also be is
sued in payment and settlement of the pur-
chase price of patents or patent rights here
inbefore described, or that may hereafter be
acquired by the corporation such stock may
also be issued in payment, settlement and
adjustment OF the ices, costs, charges, eX-
penses and COMM ssions incurred for SER
vices rendered in the formation and organi-
ration of this corporation.
THE board of directors is especially au-
thorized to cause said stock to be issued on
payment therefor in any of the methods
hereinbefore set out, as in its judgment seems
fair and proper.
The holders of all the preferred stock
issued having assented thereto, the preferred
stock created by Article ". as originally
drawn is hereby annulled and recalled, and
the issue of said stock abrogated, and ali
the provisions in The charter concerning
said stock hereby annulled, recalled and
abrogated
The capital stock authorized by this
amendment shall have and exercise all the
rights and powers conferred upon the COM
mon capital stock authorized by Article w
as originally drawn"
Said appearers further declare, publish
and give notice to the world that Article v
of the charter Of the company, as executed
before William ]. Formento, notary public,
on the 18th day of August, 1914, was amend
ed and the same is hereby amended and
re-enacted so as to read as follows, to-wit:
.Article YAH the powers of this eorpo-
ration shall be vested in board of direc-
tors Of not less than nine stockholders which
number may be increased to not more than
fifteen, by the board of directors, whenever,
in the opinion of majority of the board,
such increase will be TO the best interests
of the corporation, and the board of directors