The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-29
October 18th, 1917.
AMENDMENT TO CHARTER

United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Be it known, that on this thirteenth day
OF the month of October, in the year of our
Lord, one thousand nine hundred and sew
| enteen, and of the Independence of the
and forty-second; before me, Gustave A.
Llambias, a notary public, duly commits
stoned, sworn and qualified in and for the
Parish OF Orleans, and in the presence of
the witnesses hereinafter named and under
signed, personally came and appeared:
Mr.. Joseph F. Peyronnin, of full age, Vice
President of the NJ. c. Sins & Company,
Inc, by virtue of resolution of the said
city, on October 5th, 1917, who declared
That at Special Meeting of the said
NJ. c. Sins Company, Inc, of all .the
stockholders. said M: C. Sins & Co., Inc,
State, by Act passed before Alfred c. KAN
mer, notary public in this city, on May IS,
1916, and recorded in the Mortgage Office of
this City, in Book ll95, folio 544, held in
mously resolved that whereas said NJ. C..
Sins & Co., Inc, is DESTROYS of opening and
operating an Office in New York, it is nee
essary to increase its capital stock from ten
thousand dollars to twenty-one thousand dol
lars, and that the number of directors be
increased from three to four, and that a
Second Vice-President is to be created; all
as per certified copy of the minutes of said
special meeting. annexed hereto; and it was
! further resolved that appearer be authorized
to appear before a notary public and sign
the necessary Act of Amendment whereby
| the Articles w and v of said Charter are
amended so that now they are to read as
Article Iv.-The Capital Stock of this cor
| porstion is hereby fixed at the sum of
! Twenty-one thousand dollars C$2l,0Oooo),
! divided into and represented by two hundred
! and ten C2lO) shares of stock, Of the par
, value of one hundred dollars $4,000 each
4; Said stock shall be paid for in cash, at such
ting, in such amounts and after such notice
| to the subscribers as may be fixed by the
Board of Directors, or the same may be
issued at not less than par for labor done
or. property actually received by the corpor'
| alton.
This Corporation shall become going con
| Germ and bs-authorized to do business wher
the full amount of its capital stock shall
| have been subscribed and paid for.
| The amount TO which the capital stocl
may be increased shall be the sum of twenty
| FIVE thousand dollars (S25,000.0O).
Article Vail the corporate powers of sait
| corporation shall be vested in and exercised
by Board of Directors, composed of foul
stockholders, a majority of whon shall con
| stitute a quorum. Said directors shall be
June, in each year, except the first board
appointed by this Charter, who shall hole
their Office until the second Tuesday in June
| 1917
All such elections shall be held by ballot
and conducted at the Office of the said corpo
| ration, under the supervision of three com
missioners to be appointed by the Boart
of Directors
Notice of such election shall be given BY
the Secretary of the Company by writer
| notice thereof delivered personally or by de
posting same in the post-ofhce, properly ad
dressed. to each stockholder at least hfteer
| GS days preceding such elections.
| At all such elections and at all corporate
meetings every stakeholder shall be entitled
to one vote for each share of stock standing
in his name on the books of the Corpora
| ton, to be cast in person or by his writer
proxy, and a majority of the votes cast shall
| elect
Any vacancy occurring among the director.
by death, resignation or otherwise shall bt
filled by election for the remainder of the
term by the remaining directors.
A failure to elect directors on the dat,
above specified shall not dissolve the Cor
poration or impair its corporate manage
ment, but the directors then in Office shall
remain in Office until their successors ar,
elected and qualified.
The Board of Directors shall elect from
their own nunber a President First Vice
President and a Second Vice-President. They
shall elect also Secretary and Treasurer
or one person who shall be both, either o
whom may or may not be members Of tn,
Board. They shall have power and author
ity, from time to time, TO name and appoin
all such officers, agents or other employee
as may be deemed necessary for the purpos
and business of the Corporation. They shall
have power to fix compensation and defn
the duties Of every officer and employee, an
all officers and employees shall hold ofic
and employment at the pleasure of the board
The board may make and establish, a
we'll as alter and amend, any and all by
laws, rules and regulations necessary an
proper in its judgment for the conduct, sur
. port and management of the business an
! affairs of said Corporation. At all meeting
of the Board of Directors each director sha
have the right to appoint a proxy to act |
his place and stead
The board shall have full power and al
thority to borrow money, to execute NOR
cages and to create liens; to issue bond
notes and other obligations and generally I