The herald., 1917-12-20
AMENDMENT TO CHARTER
Of CONTRACTORS AND DEALERS


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 commits sioned
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 APP
peared:
II. II. 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
fee of the company, authorize the calling
and did call special meeting of the stock
holders of said Exchange, TO be held on
October 3lst, 1917, at 8 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, 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 $40,
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 a 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 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 bust
ness in order TO advance the interests Of
| 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. It may subscrib,
| to membership in other corporations, resi-
| dent or nonresident, having like objects
and purposes as that for which this corpora
| ton is incorporated matters connected
| Herewith or cogpate thereto, and may taxi
part in all civic movements having for thei
| object the stimulation of interest in tn
! corporation.
| Article V.-"The capital stock Of this cor
poration shall be, and is hereby increase,
| to fifty thousand dollars. ($500O0.0O), divide,
into three hundred 600 shares of the pa
value of one hundred dollars C100) each o
common stock, and of twenty thousand dol
lars CS20,0000O of six per cent Accountability
shares of preferred stock of the par valu
of one hundred dollars $4,000 each De
| share. All preferred stock subscribed fol
and issued by the corporation pursuant there
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 O
| any profits or earned surplus at a price no
less than par.
Gall transfers Of stock shall be made o.
| the books of the corporation, which shall
| signed by the stakeholder or by his attoI
ney, authorized thereunto in writing Trans
fers of stock shall not be binding upon thi
corporation unless recorded upon its book.
"Any stakeholder desiring 10 sell his stool
shall first offer same to the corporation i
writing, and, IL, at the expiration Of 6ftee
days, should the corporation or its member
fad to purchase same, may Sell the sam
| to any outsider.
"If any installment or installments o
stock subscribed for be no, paid in IN
manner fixed upon by the Board Of Dire,
tors, such stock, together with the install
:nents paid thereon, may be forfeited to tn
corporation by resolution of the Board |
that effect.
Article vI.-"Common stockholders sha
enjoy no voting rights, nor privileges
membership, nor right to participate in NEE
ings of members Of the Exchange or
elected members of the Board of Directoi
of fhis cnrooration iouu anv o,orfu,c