The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-08
October 18th, 1917.
AMENDMENT TO CHARTER

October 18th, 1917.
AMENDMENT TO CHARTER
! OF TIE NJ {. SINS x COMPANY. INC.
! United States Of America, State OF Louisi-
ana, Parish %: Orleans, City OF New
! Orleans.
| Be j, known, that on this thirteenth day
| Of the month IF October in the year OF our
! Lord. one thousand nine hundred and sew
! cuteen. and OF the Independence Of the
| United States Of America, the one hundred
| and i0rty-seCond; before me, Gustave A.
| Llambias, notary public, duly comm $
! stoned, sworn and qualified IN and for the
| Parish OF Orleans, and IN the presence Of
! the witnesses hereinafter named and under
| lgned, personally came and appeared:
| NJ. Joseph +. PeyrOnnin, Of full age, Vice
/ President Of the NJ. c. Sins & Company.
| Inc, by virtue Of a resolution Of the said
! Company, adopted at meeting held IN this
! city. Oh October 9Th, l9l7, who declared
| That at a Special Meeting Of the said
| NJ C.. Sins Company, Inc, OF all the
| stockholders. said NJ. {. Sins & Co., Inc,
having been organized under the laws Of this
State, by Act passed before Alfred {. Kan
| mer, notary public in this city, May IS,
| 1910. and recorded in the Mortgage Once Of
his City, in Book ll95, folio 81, held in
| this city on October ;, 1917, il was unani-
| .n,uslv resolved that whereas said VI. C.
Sins x Co.. Inc, i DESTROYS Of opening and
operating an Office in New York, il IS nee
cssary 10 increase is capital stock from ten
thousand dollars to twenty-one thousand dol
Iars, and that the number Of directors be
Second Vice President is 10 he created; all
as per certified copy Of the minutes OF said
special meeting, annexed hereto: and Il was
further resolved that appearer be authorized
/, 20 appear before a notary public and S;S;-
the necessary Act OF Amendment, whereby
the Articles " and V Of said Charter are
amended that now they are 10 read as
follows:
Article IV-The Capital Stock Of this cor
poration Is hereby liked al the OF
Twe1;y-one thousand dollars CS2lGWOO,
divided into and represented by two hundred
and ten t2lo shares, Of stock. Of the par
value Of one hundred dollars $1,000 each.
Said stock shall be paid for in cash, at such
timr. in such amounts and after such notice
TO the subscribers as may he fixed by the
Board Of Directors, or the same may be
Or property actually received by the corPor-
alton.
This Corporation shall become going CON
Germ and be authorized TO do business when
have been subscribed and paid ior
The amount to which the capital stock
may be increased shall be the sum OF twenty
| I'VE thousand dollars (S25,00OO0)
Article N.-All the corporate powers Of said
! corporation shall be vested in and exercised
! by a Board Of Directors. composed OF four
| stockholders. a majority OF whom shall con-
StI;ute 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,
! lql7
All such elections shall be held by ballot
and conducted at the office OF the said corpo-
! ration, under the supervision OF three com
| m'Ss'oners to be appointed by the Board
! Of Directors.
! the Secretary OF the Company by written
| notice thereof delivered personally or by de-
| posting same m the pos:-oftIce. properly ad-
! dressed, 70 each stakeholder az least fifteen
I O5 DAYS preceding such elections
! At all such elections and 1t all corporate
| meetings every stockholdeT shall be entitled
| 10 vote fo- each share of stock standing
| n his name on the books OF the Corpora
| proxy, and majority Of the votes cast shall
! elect.
4: ANY vacancy occurring among the directors
q by death, resignation or otherwise shall be
| filled by election for the remainder OF the
| term by the remaining directors
I 4 failure to elect directors the date
above specified shall not dissolve the Cor
| poration or impair its corporate manage
i ment but the directors then IN Office shall
! remain in office until their successors are
elected and qualified.
] The Board Of Directors shall elect from
| their number a President. a First Vice
! President and a Second Vice President. They
! shall elect also a Secretary and Treasurer.
| or one person who shall be both, either Of
| whom may may not be members of the
| Board. They shall have power and author
|
| 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 nix 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
| well as alter and amend, any and all by
| laws, rules and regulations necessary and
| proper in its judgment for the conduct, sup
| port and management of the business and
| affairs OF said Corporation. At all meetings
| OF the Board Of Directors each director shall
have the right TO appoint a proxy to act in
| his place and stead
| The board shall have full power and au-
| thority TO borrow money, to execute mort
| cages and to create liens; to issue bonds.
notes and other obligations and generally to
| do all things reasonable, convenient and nee
essary for the proper carrying on OF the
| business of the corporation.
| The board may issue full paid shares Of
| stock for cash or in payment Of labor done
or property actually received by said cor
pOration.
Done and passed at my Office. at New
Orleans, the day, month md year first above
written, in presence Of Messrs Delvaille II
Theard and Gustave Bouny. competent wit
nesses. who have signed with the parties anG
ne. notary, after due reading.
Original Signed JOS. F. PEYRONNIN.
Witnesses: Gus Bouny. Delvaille II. Theard
GUS. A; LLAMBIAS, Not Pub.
7, the undersigned Recorder Of Mortgages
in and for the Parish Of Orleans, State o
and foregoing Act Of Amendment of Incor
poration Of the NJ. G. Sins & Company
Inc, was this day duly recorded in m,
Office, in Book 1872, Folio 500
New Orleans October IS 1917
CSigned) EMILE ]. LEONARD. by. R.
'' Cts A LLAMB1As, Not Pub.
Oct % Nov ! 8 IS p %