The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-22
AMENDMENT TO CHARTER
OF CONTRACTORS AND DEALERS
EXCHANGE"

EXCHANGE"
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, a notary public, duly commissioned
and qualified in land 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-
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 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 special meeting of the stock
| October 3lst, 1917 at s o'clock p. m, for the
purpose of submitting to them for their
consideration and vote certain amendments
to Articles Nv, v, vi, VII and VIII, as
authorized by its charter and articles of
| Incorporation and as authorized by law, no.
tiee 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
requisite number of stockholders voted in
favor OF amending, and did amend said
Articles of incorporation of said Exchange
passed before J. Zach Spearing, notary pub
lie, for the Parish of Orleans on the 2Sth
day of July, 1906, recorded in the Mortgage
Office of the Parish of Orleans in Book $40
folio 100, "a certified copy of which amend
ments are hereto annexed, in the manner
hereinafter set forth and authorized said
appearers to appear before a notary public
TOR the purpose OF putting the said amend
ments into effect by notarial act, and which
anne to said Articles w. v, VI,
VII and VIII of the charter of the Exchange
SO voted on and adopted by said stock
holders, meeting in the words and
figures following, to-wit:
Article IV.-"This corporation may sue
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 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 now,
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
poratlon or association, and to cooperate with
them IN the carrying of corporate bust
ness IN order TO advance the interests of
the corporation, If deemed necessary by the
Board of Directors, and, to that end. NAV
take such steps may be necessary for
the accomplishment hereof 1t NAV subscribe
to membership in other corporations, resi-
oent or nonresident, having like objects
and purposes as that for which this CORPORA
ton is incorporated or matters connected
herewith or cognate 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 (ssO,OOOO0), divided
into three hundred 5000 shares of the par
value of one hundred dollars (slOO) each Of
common stock, and of twenty thousand dol
lars (S2OOO0OO 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,
| 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, authors ed 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,
snail hrst offer same to the corporation IN
writing. and. if. at the expiration of fifteen
days, should the corporation or its members
tam to purchase same, may cell the same
TO any outsider.
II any installment or installments on
stock subscribed for be not paid in the