The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-09
CORRECTION OF CHARTER OF

TUE MI IIAL RESOURCE DEVELOP
MENT COMPANY OF LOUISIANA. INC.
State of Louisiana. Parish Of Orleans.
BE u known. tlat 81 thls 9th day OF July,
IN the wear one thousand. nine hundred and
seventeen ,l9lT) before me, Frank William
Hart. notary public, daily commissioned and
qualified IN and tIT the Parish of Orleans,
State of Louisiana. the undersigned persons
came and alpcHgi: !. " Smith, Thomas
J. Clay, Donald Despair. {. Y Saith, vii
liam ;. HolTcs, all herein appeared IN their
various capacities As az %: -hr original or
GAMERS and lucDrpIga'prs %; the Mutual Re
source Development Company Of Louisiana,
Inc, corporation duly organized under the
avs Of the State Of L,us ana, by act passed
before Frank William Hart, notary public,
n and for the Parish OF Orleans on the
9Th day OF the month OF October 1910 re-
corded IN the mortgage office Tor the Parish
u Orleans, III Book l20l, Folio so. Of date
October g 1910; who declared.
That they, the appeaTcrs hereof constitute
IS aforesaid all Of the original organizers
and luCOrporltors of the Mutual Resource De-
vcl5pmcnt Company of Louisiana, Inc, and
that they, IN their said capacities as all of
the sand original organizers and incorporates
ot said Mutual Resource Development Com
pany OF louisiana, Inc, desire TO effect and
are appearing herein Tor the specific purpose
OF executing and etcctIng an Act OF Correc-
ton, 70 the end OF correcting Article ii OF
the original Act of Incorporation Of the said
Mutual Resource Development Company of
louisiana, Inc, 50 that the said Article ii
follows tO-Wlt:
Article 1.-THE capital stock of this cor.
poration - hereby hNed at twenty-five thou
sand CS2S O0GOOj dollars divided into and
represented by two hundred and fifty C2SOl
shares OF the par value of one hundred
tSlDD) dollars each, and may be increased
10 one hundred thousand (SlOOGU0) dollars.
Stock may be paid for in money! in ser
vices duly rendered to the corporation, or in
property transferred to the corporation.
This corporation shall become going con-
Germ and shall be authorized to commence
business when and as soon as fifty (SO Der
scrlbed, and twenty-five (2SD per cent shall
have been paid for; all in accordance with
the provision of Act No. POI. of the General
Assembly Of the State OF Louisiana, for the
year 1914"
That the said appearers do further agree
that these presents as herewith executed,
shall be as valid and legal and of the same
force and effect, as though all fOrmalites re-
CURED by law had been duly complied with.
And that said appearers further confirm and
ratty all acts and actions which have been
performed by the constituted authorities of
| this company, to date hereof, on the basis of
| the assumption that Article III of the Charter
OF this company existed and was as herewith
| corrected.
That the said appearers further declare that
| all of them were the original incorporators
| of the Mutual Resource Development Com
| pany OF Louisiana, Inc, all is evidenced
Eby the original Charter thereof and that
| through error or oversight Article III Of the
4 original Act of Incorporation was permitted
| TO be incorporated in said original charter
| setting forth that the twenty-five thousand
(S25,O000) dollars capitalization was divided
into and represented by twenty-five hundred
$500 shares of the par value of ten O0l
! dollars when it the firm purpose and
| intention of the incorporators, as is evi-
| denced by all of their actions, inclusive oil
| Certificate TO be read in connection with Ar
ticle Of Incorporation, which certificate is at
! tached to and made part of original charter
and minutes of organization meetings, that
said capitalization of twenty-five thousand
(S2S,UOD) dollars was TO be divided into
| two hundred and fifty $3.50 shares, at the
par value of one hundred 10000 dollars
each; hence this Act Of Correction.
That Article III as appearing in this aci
Of Correction, shall be substituted for Arti
Gle II as is contained in original charter Of
the Mutual Resource Development Company
Of Louisiana, Inc.
Thus done and passed in my Office at thc
City Of New Orleans, State of Louisiar.. -oT
the day month and year hereinabove a,
written il the presence of John X. Perez
and w. L. Courrege, competent witnesses
who have hereunto signed these presents
together with said appearers and me, notary
after due reading of the whole.
Original Signed: Thos J. Clay. ]. w
Smith, Donald Despair, c. Y. Smith, w. s
Holmes.
Witnesses: John R. Perez, W. L. Cour.
rege.
l. the undersigned, recorder of mortgages
| in and for the Parish of Orleans, State oil
| Louisiana, do hereby certify that the aboge
| and foregoing act was this day duly re-
corded in my office, in book l2l2, folio -
| New Orleans, July IL, 1917.
! (Sgned) EMILE J. LEONARD, d. r.
FRANK WIN. HART. Notary Public
July u - 70 aug 10