The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-01
October 18Th. 1917.
AMENDMENT TO CHARTER


oct Il l3 3 Nov>l
October 18Th. 1911
AMENDMENT TO CHARTER
! OF TIE NJ {. SINS X COMPANY, INC.
| United States OF America, State OF L1ulsi-
ana, Parish OF Orleans, Clty OF Ne"
! Orieau,
| Be i, known, that on This thirteenth day
| Of the month e October, IN the year Of our
! Lord. one thousand nine hundred and sew
/ cntcrn, and Of the Independence Of the
! United States Of America, the one hundred
! and f1-,y-sccoud: before ne. tuS.1vc y.
! LIamlIds, notary pupL,, duly CONN. -
! 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. Pey-5nnin. Of full age, Vice
! President Of the NJ. c. Sins & Company,
! Inc, by virtue q a resolution Of the said
! Company, adopted at a meeting held IN this
| city. Du bctohrr 5'h. PIP who declared
That n. a Special Meeting OF the said
! NJ c. SINS x Company, Inc, Of all the
| ~tsckh,,le-s sad NJ. &. SINS & Co., Inc,
having been organized under the laws Of this
! State. by Act passed before Alfred {. ham
mer, notary public in this city, May IS.
! l9l1 and recorded IN the Mortgage Once 81
| ,lt, City IN Book ll95, folio 81. held IN
| .h.s city on October ;, 1917, II MAS una1i-
| -r,us.y resolved that whereas SAID NJ. G.
| SINS 4 Co. I.c is DESTROYS Of opening and
,pc-atfng an 'fnce IN New York It IS nee
! cS>4-y % increase It's capita! stock from ten
! .rDv-aul d.. las 10 ~ ru,y-DUc thousand dbl
! lars, and that :Ae number ~ directors be
! increased from three 70 fou-, and that a
| Second P-cSlden. 5 10 be created; all!
! as per Certlned copy Of The minutes Of SAID
! special meeting. annexed hereto: and Il was
| further resolved that appearcT Ne authorized
90 appear before notary public and sign
| he necessary A-; % Amendment. whereby
| the Articles " and Y Of said Charter are
| amended 50 that now ;hcy are - read as
Article Iv.-The Capital Stock Of this cor.
| p0rltiJn Is hereby Txcd at the sum 81
! Twcn;y-onc thousand dollars lS-lr"rl.
divided into and represented by mo hundred
and ten tZlGl shares Of stock. Of the par
value of one hundred dollars tSlp0W each.
| sad stock shall BE paid for in cash. at such
| time. IN such amounts and after such notice
| 20 the subscribers 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-
This Corporation shall become a going con.
Germ and be authorized % Do business when
the iull amount of is capital stock shall
have been subscribed and paid for
The amount 70 wMch the capital stock
nay be increased shall he the sum OF twenty
fve thousand dollars lS25.no00l.
! Article N.-All the corporate powers Of said
corporation shall be vested in and exercised
by Board OF Directors, composed OF TOM
stockholders. majority. Of whom shall con
s,i:ute a quorum. Said directors shall bt
elected annually on the Second Tuesday II
| June. in each wear, except the first b7art
| appointed by this Charter who shall holt
their Office until the second Tuesday in June
Ali such elections shall be held by ballo
ard conducted az the Office OF the said Co-p0
ration. under the supervision Of three com
, m'-s'ouers 70 be appointed by the Boar
; Notice OF such election shall be given b
the Secretary II the Company by write
T, notice thereof delivered personally or by de
= dressed. 70 each stockholder at least hftee
4 IA C5 DAYS preceding such elections.
: 4. all such elections and at all Coroprat
. meetings every stoCkholder shall be entitle
= % one vote for each share OF stock standin
. IN his name on the books OF the Corpora
y ton. 70 he cast in person or by his write
E proxy, and majority OF the votes cast sha
. elect.
e: ANY vacancy occurring among the director
y nv death, resignation or otherwise shall B
!, SLED by election for the remainder OF I'll
:, term by the remaining directors
: \ failure 20 elect directors on the dat
. above specified shall not dissolve the Coz
poration or impair its corporate manage
= i nent. but the directors then in Office sha
- remain in office until their successors az
=. /! elected and qualified.
The Board Of Directors shall elect f-o'
!, their own number a President, a FIRST Vic,
u , President and Second Nice-President. The
= | shall elect also Secretary and Treasure
;, or one person who shall be both, either
| NNDn
, Board They shall have power and autho
:, Ity, from time to time, TO name and appolr
| all such officers, agents other employee
- | as may be deemed necessary for the puTpOs
. and business OF the Corporation. They sha
/. have power 70 fix compensation and dehn
= | the duties of every officer and employee, an
: | all officers and employees shall hold ofic
! and employment at the pleasure OF the boar
u The board may make and establish,
y | well alter ard amend any and all b!
: | laws. rules and regulations necessary an
y proper in its judgment for the conduct, SUI
. port and management OF the business an
\ affairs OF said Corporation At all meetin:
- 1f the Board OF Directors each director sha
:, have the right TO appoint proxy 10 act !
~ his place and stead.
u The board shall have full power and al
u thori:y 70 borrow money. 70 execute NOR
u cages and to create liens; to issue bond
l. notes and other obligations and generally
> do all things reasonable, convenient and ne
> essary for the proper carrying on OF 4
!, business OF the corporation.
~ The board may issue full paid shares
= | stock for cash or in payment OF labor dol
u, or property actually received by said CO
'Ie poration.
y Done and passed at my Office. at Ne
n Orleans, the day, month md year first abo
OF written, in presence OF Messrs. Delvaille
y. Theard and Gustave Bouny, competent W
IN nesses. who have signed with the parties al
70 ne notary after due reading
s. Original Signed JOS. F. PEYRONNIN
III GUS. A. ILAMBIAS. Not Pub
D. I. the undersigned Recorder of Mor;gag
We in and for the Parish of Orleans, State
a a Louisiana, do hereby certify that the abo
d. and foregoing Act Of Amendment Of Inc
x ooration OF the NJ c. Sins & Conpar
Inc. was this day duly recorded in
be Office in Book 1872, Folio 500
m. New Orleans. October IS. 1917.
Of Signed EMILE J. LEONARD, by. R
Is a true copy.
III Oct . Nov s Is p p
al ru.prrp nr