The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-24
CHARTER.

who shall not be member Of the Board
The Board Of Directors shall appoint from
time to time and dismiss at pleasure. such
managers, clerks, agents and other employees
OF like grade as 1t may deem necessary Tor
the business OF the corporation, or to carry
ont its objects and purposes.
1T shall make. establish. after and amend
any and all bylaws. rules and regulations
necessary for the management Of the affairs
| OF the corporation
That Article Of the charter has been
changed, altered, amended and re-enacted 50
as to read as follows, to-wit:
ARTICLE VII-No stockholder shall sell
or transfer any share or shares OF stock own
ed by him without giving the corporation
through the Board Of Directors, the privilege
TO acquire the same at market value, for the
use and benefit of stockholders OF record
or of prospective applicants for membership
in the corporation The corporation shall
have the right under this provision to call
for purchase the stock Of deceased stock
holder, whose heirs or representatives do
not continue in active cooperation with this
corporation. Market value shall be estah-
lshed upon the latest semi-Innual or annual
statement of the corporation. In case of
disagreement the value, II shall be cs-
tablished from the said statement by quail
J lied auditor, appointed by the Board for that
purpose. The corporation shall he allowed
/ sixty days within which to place and pay
for said stock. after the value is agreed apo"
A. established; and upon failure 50 10 d..
/ the same may be transferred at the pleasure
OF the stakeholder. The substance OF thi,
provision shall be printed in or on all ccr-
tiiicates OF stock"
That Article of the charter has bc,o
changed, altered, amended and re-cnacted 50
as TO read as follows, to-wlt;
. ARTICLE VIII.-The net profits Of .hi-
corporation shall be established semi an
nualy. but before doing there shall be
/ first set aside sum OF money equal % aui
, profits (as they would stand if said sum were
included for the purpose Of aCcumulatiDg .
fund not TO exceed the ultimate sum ~ ten
thousand dollars, 70 be used FOR additions,
/ alterations and Improvements in the plant:
to acquire necessary real property and -
pay for extraordinary and unforeseen repairs.
This fund shall be invested and protected
for ready use, required. Nheu-er It
may be depleted it shall be restored in the
manner here provided. When said fund
reaches Ten Thousand Dollars, and So long
| as it remains at said figure, the profits may
he applied to the purposes hereinafter set
forth:
list After providing for the reserve
aforesaid a cash dividend shall be paid on
the capital stock, not in excess OF eight per
| cent per annum.
2nd sum shall I've set aside to pay off
and reduce the account now carried as pro
rata profits on the books of the corporation
to be distributed pro rata to the persons there
named This sum shall be in the discretion
of the Board but not in excess of ten PEI
cent OF the said account as it stands Marcel
81, 1919 and as reduced from time to tim,
hereafter.
"3rd The remainder of the profits shall
be distributed to the stockholders doing bust
ness with the corporation, on percentage
or pro rata basis on the business actually
~ he . Il.
period for which said dividend is declared
Save as herenabove provided, no monte
shall be paid on said pro rata profits &C
count or to stockholders doing business wit
the corporation share or portion of tn
profits thereof, and the liability of this cor
poration under paragraphs two and thre
hereof, is limited to current profits appor
toned, and distributed as therein provided.
The said appearers further declare tina
save as hereinabove altered, amended, r.
pealed and re enacted. the said original char
ter shall remain in full force and effect.
And they do by this Act substitute an
replace the original and amended charter b
the amendments hereinabove recited in tn
. respects in which the said new amendment
affect the original charter as amended, a
, | OF which is in fufilment of the authorit
and power conferred upon said appearers b
the stockholders at their meeting aforesaid
Appearers further declare . that they d
, ! hereDV
and amendments to be duly recorded an
published according to law to the end tina
the same may be operative and binding o.
all Persons who are now may hereatte
be>ome stockholders in the said corpora
/, ton, or otherwise become interested therein
Thus done and passed at my notarial OF
flee on the day and date hereinabove tlrS
wr ten in the presence of J. Sidney Lam
Der. and Louis ]. Gelpi, competent witnesses
who have signed the same with me, Notary
after due reading of the whole
Witnesses: J. Sidney Lambert, Louis
Geipi. - u,.,
(Original Signed F. II. Wischan,
Dan Dies, Matthew Weber.
HENRY P DART, Jr.,
Notary Public
hereby certify that the above and tore
going is true and correct copy OF the orr
giral on file in my office.
,, HENRY p. DART, Jr.,
Notary Public
T. the undersigned, Recorder of Mortgages
! in and for the Parish of Orleans, State q
Louisiana do hereby certify that the abov
and foregoing Act of Incorporation OF IN
Amendment of the New Orleans Butcher
Co Operative Abbatoir Inc, was this ia
duly recorded in my office, in Book l%z'
Folio 7l3. 100
New Orleans. July 18th. 1919.
(SigneD EMILE ]. LEONARD, by. H.
July 24-31; Aug. 7-142l-2S.