The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-16
CHARTERS.

shares issued and outstanding into the balance |
to the credit of said account or accounts. The |
sum thus ascertained, plus the sum of one |
hundred (sl00.00) dollars aforesaid, shall be |
the total value and price of said stock. All OF |
which amounts shall be payable to cash within |
thirty days after written notices of the eXer- |
else of this privilege. The stock shall be taken |
and the books of the corporation shall be |
audited as of January | of each year, and as
soon as possible after the expiration of said
date.
No sale or transfer shall be recognized by
the corporation unless and until, it shall have
been first offered in writing TO the corporation
at the price aforesaid in the preceding para
graph, for the and benefit of the other
ckholders, who hereby granted the abso-
Lutte first right and privilege to purchase the
same at the price stated, and to accept (which
shall! be in writing) and to pay therefor with
in thirty days after such offer shall have been
made. The right and the rights conferred in
this article of the charter shall follow the
stock into whatever hands it may go.
Failure of the holder or possessor of GER
tificate of stock to produce or deliver the same
shall authorize the corporation to receive in
trust the price thereof, to cancel such out
standing certificates on the books of the cor
poration, and issue new certificates therefor.
The stock so purchased shall be divided among
the remaining stockholders as may be desired
! by them and in default of agreement, in pro-
| portion to their several holdings and upon
| payment of the price thereof
This corporation shall be the agent of the
stockholders specially empowered, through its
| Board of Directors, to enforce and carry out
| all of the foregoing provisions regarding stock
| in this corporation. The substance of these
provisions of the charter shall be stated briefly
| and succintly the face of each certificate
of stock, and shall be conclusive notice to all
persons dealing therein
| And tho said annearers accordingly declared
! that Article " of the charter of the corpora
| ton was altered, changed. amended and modI-
fed so as to read follows. to-wit:
! ARTICLE IV-The capital stock of this
| corporation is hereby fixed at the sum of one
| hundred thousand dollars (sl00.0 100000, divided
| into and represented by one thousand shares
of the par value of one hundred dollars
| (slOO.OO) each. The said stock shall be paid
for in cash or in such installments and at such
time and after such notice to the subscribers
| as the Board of Directors may fix or the same
may be issued for property exchanged, for labor
DONE services performed rights actually re-
| ceved by the corporation; or the same may be
! issued as a dividend from the earnings of the
corporation and may be accepted by the stock
holders after ratification at meeting duly
| assembled by majority of the stockholders in
| shares of stock as a full payment of the said
/ dividend All transfers of shares of the cap
ital stock of this corporation shall be made
| and entered the stock book of the corpora
|
| binding upon the corporation unless so en-
| tered. The capital stock of the corporation
| may be hereafter increased to the sum of one
hundred and fifty thousand dollars"
Thus done and passed in my notarial office.
| on the day, month and year aforesaid in the
presence of Louis J. Gelpi and Benjamin w.
Dart, competent witnesses, who have hereunto
signed their names with the said appearers
| and me, Notary, after reading of the whole.
Witnesses: Louis J. Gelpi. Benjamin w
Dart.
Original Signed) M. B. Griffin. Ant P
Barba H. r. Macleod, Mrs. c. H. Blanchard
l.. E. Blanchard, Elizabeth F. Griffin, Louise
E. Menge, J. H Menge, w. o. Clark (per pre-
J. H. Menge).
!; HENRY P. DART, Jr..
Il Notary Public.
I, the undersigned. Recorder of Mortgages
in and for the Parish of Orleans, State OF
louisiana do hereby certify that the abov'
/, and foregoing Act of Amendment of thu
Menge Marine Hardware and Supply Com
, pany, Inc, was this day duly recorded in m!
, | office in Book 1881, folio -.
New Orleans, La.,..~---..--....-.-..., 1919.
f A true copy:
HENRY P. DART. JR.
! Oct. 2-Nov. 6.