The herald., 1917-12-13
AMENDMENT TO CHARTER
Of CONTRACTORS AND DEALERS

E..
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
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
Dealers Exchange" of New Orleans, La,
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
hce of the company, authorize the calling
and did call a 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
consideration and vote certain amendments
to Articles ", v, vi, VII and VIII. as
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, for the Parish of Orleans on the 18th
day of July, 1906, recorded in the Mortgage
Office of the Parish of Orleans in Book S4o
folio 400, "a certified copy of which amend
ments are hereto annexed, in the manner
hereinafter set forth and authorized said
appearers to appear before notary public
for the purpose OF putting the said amend
ments into effect by notarial act, and which
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
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 at
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 proper
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 of
this State existing at the date of this in
corporation or now existing, authorized and
entitled to possess, including the right, pow.
er and authority to become associated and
affiliated with any other person, firm or cor
poration or association, and to cooperate with
them in the carrying on of corporate busi-
ness in order to advance the interests of
the corporation, if deemed necessary by the
Board of Directors, and, to that end, may
take such steps as may be necessary for
the accomplishment hereof 1t may subscribe
to membership in other corporations, resi-
dent or nonresident, having like objects
and purposes as that for which this corpora
ton is incorporated or matters connected
Herewith or cogpate thereto, and may take
part in all civic movements having for their
object the stimulation of interest in the
corporation.
Article V.-"The capital stock of this cor
poration shall be, and is hereby increased
to fifty thousand dollars (S5000o.OO, divided
into three hundred (3O0) shares Of the par
value of one hundred dollars (slOO) each OF
common stock, and OF twenty thousand dol
lars (s2o,00oOO) of six per cent accumulative
shares of preferred stock of the par value
of one hundred dollars $4,000 each Der
share. All preferred stock subscribed for,
and issued by the corporation pursuant there
to, shall be preferred in liquidation, as
well as in the payment of dividends and
the Board of Directors may make the said
preferred stock subject to redemption out of
any profits or earned surplus at a price not
less than par.
"All transfers of stock shall be made on
the books of the corporation, which shall be
signed by the stakeholder or by his attor-
ney, authorized thereunto in writing. Trans
fers Of stock shall not be binding upon this
corporation unless recorded upon its books.
ANY stakeholder desiring to sell his stock,
shall first offer same to the corporation IN
writing, and, If, at the expiration of fifteen
days, should the corporation or its members
fail to purchase same, mat <ell the same
to any outsider.
eff any installment or installments on
stock subscribed for be not paid in the
manner fixed upon by the Board Of Direc-
tors, such stock, together with the INSTALL
:nents paid thereon, may be forfeited 70 the
corporation by resolution of the Board to
that effect.
Article VI.-"Common stockholders shall
enjoy no voting rights, nor privileges of
membership, nor right to participate in meet.
ings of members OF the Exchange or be
elected members of the Board of Directors
of this corporation, so long as any mortgage