The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
October 18th, 1917.
AMENDMENT To CHARTER

4, OF THE NJ. c. SINS < COMPANY, INC
. United States Of America, State of Louisi-
ana, Parish of Orleans, City OF New
Orleans.
/ Be it known. that on this thirteenth day
of the month Of October, in the year OF our
| Lord, thousand nine hundred and sew
enteen, and of the Independence of the
United States Of America, the one hundred
| and forty-second; before me, Gustave A.
| Llambias, a notary public, duly cosnmis-
stoned, sworn and qualified in and fer 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,
Company, adopted at meeting held in this
city, on October sth, 1917, who declared
That at Special Meeting of the, said
Sns Gid CG%pacy sins hns Of Co. all 1n 5ee
| having been organized under the laws OF this
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 on October 5, 1917, it was unani-
mously resolved that whereas said M. 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
special meeting, annexed hereto; and 1t was
| further resolved that appearer be authorized
| to appear before a notary public and sign
the necessary Act of Amendment whereby
| the Articles " and v of said Charter
| amended that now they are to read as
| follows:
Article IV.-The Capital Stock of this cor
poration is hereby fixed at the sum Of
| Twenty-one thousand dollars (S21,OO0.00),
divided into and represented by two hundred
and ten (2l0 shares of stock, OF the par
value of one hundred dollars (Sl00OO) EACH
| Said stock shall be paid for in cash, at such
| time, in such amounts and after such notice
| to the subscribers as may be liked 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 a going con-
Germ and be authorized to do business when
| the full amount of its capital stock shall
| have been subscribed and paid for.
| The amount to which the capital stock
NAV be increased shall be the sum of twenty
| FIVE thousand dollars (s2s,oooOO). =.
Article V.-All the corporate powers OF said
| corporation shall be vested in and exercised
by Board of Directors, composed of four
| stockholders, a majority of whon shall con-
/ stitute a quorum. Said directors shall be
| elected annually on the Second Tuesday in
| June, in each year, except the first board
appointed by this Charter, who. shall hold
their Office until the second Tuesday in June,
| 1917 a
| All such elections shalT 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 Board
| of Directors.
| Notice of such election shall be given by
/ the Secretary of the Company by written
notice thereof delivered personally or by de-
posting same in the post-office, properly adj
| dressed, to each stakeholder at least fifteen
| QS days preceding such elections.
At all such elections and at all corporate
/ shall 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 written
proxy, and majority of the votes cast shall
| elect.
! Any vacancy occurring among the directors
/ by death, resignation or otherwise shall be
| filled by election for the remainder of the
| term by the remaining directors.
failure to elect directors the date
| 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 are
The Board of Directors. shall elect from
| their own number a President, First Vice
President and Second Vice-President They
| shall elect also a Secretary and Treasurer,
or one person who shall be both, either of
whom may or may not be members of the
| Board. They shall haye power and author
| ity, from time to time, TO name and appoint
all such officers, agents or other employees
| as may be deemed necessary for the purpose
and business of the Corporation. They shall
| have power to fix compensation and define
| the duties of every officer and employee, and
all officers and employees shall hold Office
| and employment at the pleasure of the board.
The board may make and establish, as
we'll as alter and amend, any and all by:
| laws, rules and regulations necessary and
proper in its judgment for the conduct, sup:
| oort and management of the business and
affairs of said Corporation. At all meetings
| # the Board Of Directors each director shall
| have the right to appoint proxy to act in
| his place and stead.
| The board shall have full power and au-
i 'hority to borrow money, to execute mort
I ages and to create liens; to issue bonds,
notes and other obligations and generally to