The herald., 1917-12-06
AMENDMENT TO CHARTER
OF CONTRACTORS AND DEALERS
FXCHANGF


United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Orleans
Be it known that, on this second day of
the month of November, in the year of our
Lord, one thousand nine hundred and sew
enteen, before me, Ethelred Macaulay Stat
ford, notary public, duly commissioned
and qualified in and for the Parish of Or
leans and State of Louisiana, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared:
H. H. Thomas, President, and R. L. Nc
Chesney, Secretary Of the Contractors and
who several declared that,
Whereas the Board of Directors OF the said
Contractors and Dealers Exchange" of New
Orleans did, at a session of said board held
on the 18th day of October, 1917, at the of
and did call special meeting of the stock
holders of said Exchange, to be held on
October 3lst, 1917, at o'clock p. m, for the
purpose OF submitting to them for their
to Articles ", V, VI, VII and VIII, as
authorized by its charter and articles of
Incorporation and as authorized by law, no.
tice OF which was given by due publication
in the Daily States and New Orleans Item
of this city, as also by letter to each stock
holder.
And whereas said stockholders meeting
was held 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 ]. Zach Spearing, notary pub
lie, foF the Parish of Orleans on the 18th
day of July, 1906, recorded in the Mortgage
Office of the Parish of Orleans in Book $40,
| folio 40, "a certified copy of which amend.
nents are hereto annexed, in the manner
hereinafter set forth and authorized said
appearers to appear before a notary public
for the purpose OF putting the said amend.
nAntc int h,r 81
amendments to said Articles ", 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
figures following, to-wit:
Article IV.-"This corporation may sue
| and be sued in its corporate name; hold
have, receive, purchase, convey, sell, mort.
gage, hypothecate, pledge, lease and sub
lease and enjoy real, personal and mixed
property; also borrow money, issue bonds
| and make contracts; receive grants of land
or personal property, and make and use a
| corporate seal, the same TO alter or break al
pleasure; name and appoint such managers
| directors, officers, clerks and agents as the
| interests and convenience of this corporation
may require; make and establish such BY.
laws and rules and regulations for the prope,
management and regulation Of the affairs OF
| SAID corporation as may be necessary, and
| the same to alter and change at pleasure
and it shall possess all the rights and pow.
| ers and privileges TO which corporations are
or may be, by any general law or laws O,
| this State existing at the date of this in
| corporation or now existing, authorized and
| entitled to possess, including the right, DOW
er and authority to become associated anc
| affiliated with any other person, firm or cor
poration or association, and to cooperate will
them IN the carrying on of corporate bust
| ness in order to advance the interests o.
the corporation, if deemed necessary by tn,
Board OF Directors, and, to that end, ma,
| take such steps as may be necessary fo
| the accomplishment hereof 1t may subscrib,
to membership in other corporations, resi-
dent or nonresident, having like object.
and purposes as that for which this corpora
ton is incorporated or matters connected
herewith or cograte thereto, and may tax,
part in all civic movements having for thei
oolect the stimulation of interest in tn
Article V.-"The capital stock of this cor
poration shall be, and is hereby increase,
to fifty thousand dollars (s5O,0O0OO), divide,
} value of one hundred dollars (sloO each Q
: common stock, and of twenty thousand dol
lars (S2O,0O000) of six per cent accountability
shares Of preferred stock of the par valu
Of one hundred dollars $4,000 each DC
share. All preferred stock subscribed fo
and issued by the corporation pursuant Their,
J to, shall be preferred in liquidation, a
well as in the payment Of dividends an
the Board of Directors may make the sal
preferred stock subject to redemption out
{ less than par
"All transfers of stock shall be made a
the books of the corporation, which shall
, signed by the stakeholder or by his alto
ney, authorized thereunto in writing. Tran
fers of stock shall not be binding upon tn
corporation unless recorded upon its book
r ANY stakeholder desiring to sell his stool
shall hrst offer same to the corporation
, writing. and, il, at the expiration of fiftee
: days, should the corporation or its membei
tam to purchase same, may Sell the sam
to any outsider.
IF any installment or installments o
stock subscribed for be not paid in III