The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTERS.
AMENDMENT TO CHARTER, RIPARIAN
LAND COMPANY, INC.


LAND COMPANY, INC.
State of Louisiana, Parish OF Orleans, City
Of New Orleans.
Be Ii 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 a notary public, duly commissioned
and qualified, in and for this city and the
Parish OF Orleans, therein residing and III
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
rotary, duly elected as such at the meeting
of the stockholders Of the Riparian Land
Company, Inc, hereinafter mentioned, who
declared:
That AZ a special meeting Of the stock
holders Of the Riparian Land Company, Inc
a corporation OF this state, created lundeT
the name Of the Colonial Land Company,
Inc.,D by an act before f. ID. Charbonnet,
notary. on January Path, 1917, recorded IN
the Mortgage Office Of this Parish IN Book
1870 at folio rs, and amended I'm changing
the name Of said company TO ITS present
name) by another act before the same notary
on May S,h, 1917. recorded IN Mortgage ~ VI
flee OF this Parish in Book 1910 Al folio 80,
held on the 29th day OF March, 1918, at 80"
o'clock p. m, and adjourned TO the SIth day
of March, 1918. at 1880 O'Clock p. m: Dotn
held at the office of said company, No. o'U
Grayier 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 VIII. July ana
At length appear by reference to a duly GER
tified cgDy 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
ZION. declared that there was present and
represented at said meetings eight hundred
shares Of the capital stock of said corpora
ton, out of total possible one thousand
shares, being more than three-iourtnS' b"th
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
thereuponmovcd by James Flotte and second,
ed bv 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 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, for property actually re-
ceived by the corporation. or Tor 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 tor
herein or that which may herafter be is
sued. shall be valid only if signed by the
president or ce-president and countersigned
by the secretary.
All transfers Of any stock shall he valid
only when made on the books Of the COM
pauy, and no 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 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 II 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 Bucher. 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
day, month and year herein first before
written, in the presence of Mabe Comeaux
and Louis F. Sauve, competent witnesses, who
have signed these presents, together with
the said appearers and me, notary, after
reading the whole.
(Original Signed
Ferd. katz, President; c; Bschler, Secre-
tary; Mabel Comeaux; L. +. 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
(Signed) EMILE J. LEONARD, d. r. VI.
New Orleans, May %, 1918
A true copy:
T. d. CIIARBONNET,
Notary Public,
May 30, June 6-13-2O-27-July J.