The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-04
CHARTER

the name OF said company TO its preseu
nameI by another act before the same notary
on May Sth, 1917, recorded in Mortgage OF
flee OF this Parish in Book 1870 at folio 755
held on the 10Th day Of March, 1913, at 100
| o'clock p. m, and adjourned 10 the 5Oth day
| Of March, 1918. at $50 O'Clock p. m, bOtl
held at the office Of said company, No. 65
Gravier Street, New Orleans, they were au
thorized and required, IN their respective
capacities to take the necessary steps e
| execute the amendment and comply with the
laws relative thereto" all as will fully and
at length appear by reference TO a 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 on behalf OF said corpora
| tiOn, 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 SO as
to read as follows: -
ARTICLE THIRD:-The capital stock of
| this corporation is hereby fixed at the sum
of hundred and fifty thousand dollars,
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
h.,t fen nd ~
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
enee 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 installments 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 herafter 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
pdnN, ana no transfers snail De made and no
stockholder shah dispose of his said stock
by sale until the same shall be first offered
to the stockholders of this corporation by
written notice directed to 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 if 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
stockholders, aforesaid. and to make, by
these presents, autrentic 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 on the
day, month and year herein first before
written, in the presence of Mable 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
in and for the Parish of Orleans, do hereby
certify that the above and foregoing amend
ment to charter of Riparian Land Co., Inc
was this day duly recorded in my office in
Book 1906 at folio
(Signe1 EMILE J. LEONARD, D. R. NJ.
New Orleans. May %, 1918.
A true copy:
F. D. CHARBoNNET,
Notary Public