The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTERS.
AMENDMENT TO CHARTER, RIPARIAN
LAND COMPANY, INC.

LAND COMPANY, INC.
State of Louisiana, Parish of Orleans, City
of New Orleans.
! Be 1t Known, that on this the twenty
fifth day of the month Of May in the year
| Of our Lord nineteen hundred and eighteen
| and Of the Independence OF the United States
| of America the one hundred and forty
second; before me, Francis Daisies Char,
| bonnet notary public, duly commlssioneu
and qualified, in and for this city and the
| Parish Of Orleans, therein residing and IN
| the presence Of the witnesses hereinafter
| named and undersigned personally came and
| appeared: Ferdinand Katz and Conrad Buch-
| Ter respectively the President and the Sec
retary. duly elected as such at the meeting
| Of the stockholders Of the Riparian Land
Company, Inc, hereinafter mentioned, who
declared:
That at a special meeting Of the stock
holders of the Riparian Land Company, Inc
a corporation OF this state, created Cunder
the name of the Colonial Land Company
Inc) by an act before +. ID. Charbonnet,
notary, on January 18th. 1917, recorded IN
the Mortgage Office OF this Parish IN Book
1900 at folio As and amended lin changing
the name of said company TO its present
name) by another act before the same notary,
on May Sth, 1917, recorded in Mortgage Ot-
flee of this Parish in Book 100 al folio ISa,
held on the 10Th day of March, 1918, at 200
o'clock D. m, and adjourned to the 5Oth day
Of March, 1918 at $50 O'Clock p m, both
held at the office of said company, No. oSO
Gravier Street, New Orleans, they were au-
thorized and required, IN their respective
capacities to take the necessary steps to
execute the amendment and comply with the
laws relative thereto all as will fully and
at length appear by reference to duly GER
titled copy OF the minutes OF the SAID stock
holders meeting, annexed in the margin
hereof and make part hereof for greater GER
tainty, and,
Said appearers, in their respective capaci-
ties, of the said Riparian Land Company,
Inc, and for and behalf OF said corpora.
ton, declared that there was present and
represented at said meetings eight hundred
shares of the capital stock of said corpora
ton, out of a total possible one thousand
shares, being more than three-fourths, both
in number and amount, present and repre-
scented, and
That said stockholders were acquainted
with the situation as found by the Board of
thereupon moved by James Flotte and second
thereuponmoved by James Flotte and second.
ed by Otto Mayer and unanimously adopted
by the stockholders in meeting convened
that Article III of the charter OF said cor
poration be amended and re-enacted 50 as
to read as follows:
ARTICLE THIRD: The capital stock of
this corporation is hereby fixed at the sum
of one hundred and fifty thousand dollars,
divided into and represented by three thou
sand shares of the par value Of fifty dollars
each; all of said stock shall be paid for IN
cash.
The capital stock of this corporation may
be increased to the sum of five hundred
thousand dollars, divided into and represent
ed by ten thousand shares Of the par value
of fifty dollars each, which increase Of
stock shall be sold at a value to be fixed
by the stockholders Such increase shall
be made from time to time as the convent
ence of the corporation shall demand.
That such stock If any is issued, shall
not be issued for less than its par value
either for cash. or for property actually re-
ceived by the corporation, or for services
actually rendered TO it; that in the event
said stock is sold on instalunents the Board
of Directors shall provide and fix the time,
manner and amount Of deferred payments
thereof.
Such stock shall be fully paid and non
assessable, subject only TO unpaid balance
due thereon, if sold on installment payments.
All stock Of this corporation provided for
herein or that which may hereafter be is
sued shall be valid only if signed by the
president or vice-president and countersigned
by the secretary.
All transfers of any stock shall be valid
only when made on the books of the COM
pany. and transfers shall be made and no
stakeholder shall dispose of his said stock
by sale until the same shall be first>Offered |
to the stockholders of this corporation by
written notice directed 10 the secretary there
of, and the said stockholders shall for ten
days after the delivery of such notice to
the secretary have the right to acquire such
stock at its market price, or il there be no
market price for its book value according |
TO the books Of the corporation.
And, whereupon the said Ferdinand Katz
and the said Conrad Buchler, president and |
secretary, aforesaid, respectively, appeared |
before me, notary to perpetuate into the pub |
lie records the result of the meeting of the |
aforesaid. and to make, by |
these presents, autrentc proof Of the afore- |
said amendment to Article Three, of the char |
ter of said corporation, to be spread publicly |
on the records of this Parish and State.
Thus done, passed and amended, in my
office at the City of New Orleans. the |
written, in the presence of Mabe Comeaux
have signed these presents, together with |
the said appearers and me, notary, after
reading the whole.
Original Signed
Ferd. Katz, President; c. Buchler, Secre-
tary; Mabel Comeaux; L. F. Sauve.
F. D. CHARBONNET.
Notary Public.
I, the undersigned Recorder of Mortgages
certify that The above and foregoing amend
nent to charter of Riparian Land Co. Inc,
was this day duly recorded in my office in
Book 1906 at folio
(Signed EMILE ]. LEONARD, d. r. NJ.
New Orleans, May Is, 1918.
A true copy:
F. d. CHARBONNET
Notary Public.
May 20, June 6l3-2O-27-July T.