The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-29
AMENDMENT TO CHARTER
OF CONTRACTORS AND DEALERS
EXCHANGE"

United States of America, State of Louis


| United States of America, State of Louisi
ana, Parish of Orleans, City of New
Orleans.
Be it known that, on this second dav O,
the month OF November, in the wear of on,
! Lord, one thousand nine hundred and sew
| enteen, before me, Ethelred Macaulay Stat.
ford, notary public, duly commissioned
ana quaIihed IN and for the Parish of Or
leans and State Of Louisiana, and in the
presence OF the witnesses hereinafter named
peared: "P
H. II. Thomas. President, and R. L. Nc.
| Shesney, Secretary of the Contractors and
| Dealers Exchange" of New Orleans. La.
| who several declared that
Whereas the Board of Directors of the said
Contractors and Dealers Exchange" of New
on the llth day of October, 1917, at the Of
| nee OF the company, authorize the calling
and did call special meeting of the stock.
holders OF said Exchange, to be held on
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
nee OF winch was given by due publication
IN the Daily States and New Orleans Item
| holder. ''o'N
And whereas said stockholders meeting
was held as aforesaid at which meeting
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 pub
lie, for the Parish of Orleans ON m. 2sth
day Of July, 1906, recorded in the Mortgage
othce OF the Parish of Orleans in Book $40.
foho 400, "a certified copy of which amend.
ments are hereto annexed, in the manner
aepearers 70 SET forth and authorized said
tor the purpose of putting the said amend
ments into effect by notarial act and which
amendments to said Articles Nv, v, vi.
VII and VIII of the charter of the Exchange
so voted on and adopted by said stock.
holders meeting are in the words and
hgures following, to-wit:
Article IV.-sThis corporation NAV ..,.
and be sued in its corporate name; hold,
gage, hypothecate, pledge, lease and sub
lease and enjoy real, personal and mixed
property; also borrow money, issue bonds.
ana make contracts; receive grants of land
OF personal property, and make and use a
corporate seal, the same to alter or break at
pleasure; name and appoint such managers.
directors, officers, clerks and agents az fhe
interests and convenience of this corporation
may require; make and establish such by.
laws and rules and regulations for the proper
management and regulation of the affairs Of
sa1d corporation as may be necessary. and
tne same to alter and change at pleasure
and 1t shall possess all the rights and DOW.
ers and privileges to which corporations are
or may be, by any general law or laws of
TINS state existing at the date of this in
corporation or now existing authorized and
emitted to possess, including the right, pow.
er and authority to become associated ara
affiliated with any other person. Arm ar coy.
poration or association, and to cooperate with
them IN the carrying on of corporate busi-
ness IN order to advance the interests of
Ine corporation, If deemed necessary by tn.
BOARD OF directors, and, to that end, ma,
take such steps as may be necessary ~,
the accomplishments hereof. It may subscribe
to membership in other corporations. resi-.
gent or nonresident. having like objects
ton IS incorporated or. matters CONNECTED
herewith or cognate thereto, and NAV take
part IN all civic movements having for the;r
OBJECT the stimulation of interest in the
Article V.-"The capital stock of .b;. .or.
poration shall be, and is hereby increased
to nifty thousand dollars ($sO,OOOOO). divided
INTO three hundred (300) shares of the oar
value OF one hundred dollars (siOO each Of
common stock, and of twenty thousand dol.
lars C2o,0Oo0O of six per cent aocumulat;ve
shares OF preferred stock of the par value
OF one hundred dollars ($loo0O) each oer
snare All preferred stock subscribed for.
a. anu Issued oy the corporation pursuant there.
70, shaii De preferred in liquidation, as
wen as IN the payment of dividends and
the Board of Directors NAV make the said
preferred stock subject to redemption out of
any any prohts or earned surplus at a price not
All transfers of stock shall be made an
the books of the corporation, which shall he
signed by the stakeholder. or by his attor.
rney' authorized thereunto in writing. Trans.
fers OF stock shall not be binding noon this
corporation unless recorded upon its books.
= any stockholder desiring to sell his stock.
snail hrst offer same to the corporation IN
Sxrlting, and, II, at the expiration of fifteen
Gays, should the corporation or its members
IAN to purchase same, mat Sell the SANE
to- any outsider.
II any insballment or instaIIments an
stock subscribed for be not paid in the