The herald., 1917-11-15
AMENDMENT TO CHARTER
OF CONTRACTORS AND DEALERS
EXCHANGE"

| United States Of America. State Of Louisi.
ana, Parish OF Orleans. City of New
Orleans
BE it known that. on this second dav q.
the month OF November, in the wear of our
Lord one thousand nine hundred and sev
entSen, before me. Ethelred Macaulay Stat.
iord' notary public, duly c0mmis sioned
anu qaahhed IN and for the Parish OF Or
leans ana State OF Louisiana, and in the
presence OF the witnesses hereinafter named
and undersigned, personally came and ap-
peared: -
H. II. Thomas, President. and r. L. Nc.
IheSney' Secretary Of the Contractors and
DeaierS EXchange' OF New Orleans, La,
who several declared that,
Whereas the Board Of Directors of the said
Contractors and Dealers Exchange" OF New
Orleans did, at session of said board held
on the llth day of October, 1917, al the Of
nee OF the company, authorize the calling
ana ala call special meeting of the stock
holders OF said Exchange, to be held on
october Slst, 1917, at o'clock D. m. for the
purpose OF submitting to them for their
consideration and vote certain amendments
to Articles ", V, VI, VII and VIII, as
authorized by its charter and articles of
Incorporation and as authorized by law. no.
ice OF which was given by due publication
IN the Daily States and New Orleans Item
OF TINS city, as also by letter to each stock.
holder. >' 0'o1N
And whereas said stockholders meeting
was neId as aforesaid at which meeting a
requisite number of stockholders voted in
FAVOR OF amending, and did amend. said
Articles OF Incorporation of said EXCHANGE
passed before J. Zach Spearing, notary NH
nc, tor the Parish of Orleans on the 18th
T Iag OF july 1910, recorded in the Mortgage
once OF the Parish of Orleans in Book $40
folio 400. "a certified copy of which amend
mentS are hereto annexed, in the manner
hereinafter set forth and authorized said
tippearers to appear before a notary public
Tor the purpose of putting the said amend.
ments into effect by notarial act and wb;cb
IlTe to said Articles ", V, VI,
VII and VIII OF the charter of the Exchange
SO voted on and adopted by said stock.
E HoadefS, meeting are in the words and
hgures following, to-wit:
Article IV.-"This corporation may ca.
ana be sued in its corporate name: hold
nave, receive, purchase, convey, sell mort
gage hypothecate, pledge, lease and sub
ease ana ENJOY real, personal and mixed
also borrow money, issue bonds
ana make contracts; receive grants Of Iand
u personal property, and make and use
corporate seal, the same to alter or break At
pleasure; name and appoint such managers
ofhcers, clerks and agents as the
interests and convenience of this cornoratior
may require; make and establish such nv
laws and rules and regulations for the n-oDe-
management and regulation of the affairs of
sI dlu corporation as may be necessary. and
me , same to alter and change at pleasure,
ana II snail possess all the rights and now
erS and privileges to which corporations are
Or may be, by any general law or laws al |
ms state existing at the date of this in |
corporation or now existing, authorized and
, :, 70 possess, including the right, pow
er and authority to become associated and
animated with any other person, firm or cor
Iorduon OF association, and to cooperate with
mem IN the carrying on of corporate brs;-
iesS IN order TO- advance the interests of |
5e corporation, II deemed necessary by the |
podrd OF Directors, and, to that end ma,
axe such steps as may be necessary e., |
ne accomplishment hereof 1t NAV subsc-;ba
o membership in other Corporations resi-
ieIt or nonresident, having like objects
: Iu purposes as That tor which this corpora
L ION Is incorporated or matters connected
herewith or cognate thereto, and NAV taka
ar III an CIVIC movements having for their
'DJect the stimulation of interest in The
orporation. " TIC
Article v-"Ihe capital stock of this cor.
y ofa $40. snail be, and is hereby increased
nto three hundred 600 shares Of The nar
aIue OF one hundred dollars (s1OO each Of
ominon stock, and of twenty thousand doI.
ars S=uUOOOO) of six per cent accumulative
f 3 res OF preferred stock of the par value
hare. All preferred stock subscr;beJ &C.
M issued by the corporation pursuant there
D. snail be preferred in liuuidation ss
zen as IN the payment of dividends and
ne Board OF Directors may make the said
referred stock subject to redemption out of
ny prohts or earned surplus at a price not
All transfers of stock shall be made m
le BOOKS OF the corporation, which shall be
gned by the stakeholder or bv his at.a-.
ey authorized thereunto in writing. Trans.
RS OF stock shall not be binding upon This
operation unless recorded upon its books
Any stockholder desiring to sell his stock.
iaii hrst offer same to the corporation IN
ritng, and, if, at the expiration of fifteen
lys, should the corporation or its members