The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-27
CHARTER
AMENDMENT TO CHARTER OF MENGE
MARINE HARDWARE d SUPPLY


of the Month Of March, IN the year OF our
Lord one thousand nine hundred and nine
teen and Of the Independence OF Cn!teu
States of America, the one hundred and forty
third Before me- Henry j. Dart, j.,
Notary Public, duly commissioner ana
qualified, in and for this City and the par
ish OF Orleans, therein residing ana IN tLle
presence OF the witnesses hereinafter ana u'
dersgncd; Personally came and appeared
the persons whose names are herelhaitGr
subscribed, who declared that they are an
Of age and residents OF the CITY OF Ne" W
leans and stockholders OF the Menge' Ma
rue Hardware and Supply Company me-
and as such stockholders own and possess
between them the entire capital stock OF
the said corporation issued and outstanding.
viz Six Hundred shares Of the par value OF
One Hundred (SlOOU) Dollars each, amount
ing to a total OF Sixty Thousand tS6QUcD)
Dollars That a meeting Of the stockholders
OF the said corporation was duly held at
the office OF the same on the fifth day OF
March, 1919 That at the said meeting the
said stockholders unanimously voted to
amend the charter thereof, 50 as to increase
the capital stock from Sixty Thousand
Cs6O,OOOOO Dollars TO One Hundred Thou
sand CslOOOnOO) Dollars and that the per
sons whose names hereinafter sub
scribed here, come before me, Notary Pub,
lie to preserve and embody in due legal
shape the said action OF the stockholders as
will appear from certified copy OF inc
resolutions adopted at the said meeting an
nexed 10 and made part Of this act: mat
the said corporation was organized under
the laws OF the State OF louisiana, by act
before George Janvier Notary PUBLIC.
duly commissioned and qualified in and for
the City OF New Orleans. Parish OF Orleans
on December TO- 1914 recorded in the Mort
gage Office in the Parish Of Orleans. Book
No 81, Folio No. 676 That the charter OF
said corporation was amended by act before
Henry p Dart Jr., Notary Public. duly com
missoned and qualified in the City of New
Orleans. Parish Of Orleans, July q, lSS'
recorded in the Mortgage Office in the Par
ish Of Orleans. Book No. p. Folio No ~
of Tuly D. 1918 And the said appearers
accordingly declared that they have appear
ed before me. Notary Public, under. the
authorization aforesaid for the purpose OF en-
bodying in proper and authentic shape me
action of the stockholders Of the Menge Ma
rine Hardware and Supply Company, Inc,
and the said appearers say and declare tna'
at the said meeting OF the stockholders Ar
tirle Four Of the charter OF the corpora
ton was changed, altered, amended and
modified so as to read as follows:
ARTICLE IV-The capital stock Of this
corporation is hereby fixed at the sum OF
One Hundred Thousand (s1OO,OOOOO Dollars
divided into and representing One Thousand
shares of the par value OF One Hundred
(slOOGO Dallars each The capital stock, may
after a meeting duly assembled, be increased
to the sum OF One Hundred and Fifty lhou
sand Dollars All transfers OF shares OF
the capital stock Of the company shall bt
made and entered the stock book OF ths
corporation and no transfer shall be IN any
manner binding on this corporation unless
so entered The capital stock OF this cor
poration is issued and held under the IT
revocable agreement, contract and condition
that the holders of the majority OF the stocF
now or hereafter issued and outstanding
may at all times during the life OF TIM
charter acquire and purchase the share OF
shares held by the minority stockholders OF
by any individual holder thereof, at the price
of One Hundred $4,000 Dollars per snare
of the said stock in the surplus account anc
undivided profit account of the corporation
as shown by the last audit which shall b
the book value of the stock and the sol'
and only evidence to be considered. Ih'
surplus and undivided profits may be KEEP
in one or separate accounts.
The pro rata of each share of stock shall
be estimated by dividing the total numbe
of shares issued and outstanding, into thu
balance of the credit OF said account or &C
counts. The sum thus ascertaned plus TIL
sum of One Hundred $4,000 Dollars afore
said, shall be the total value and price o
said stock All of which amounts shall b.
payable to cash within thirty days afte
written notices of the exercise of this priv
lese. The stock shall be taken and tn
books of the corporation shall be audited a
of January LIST, of each year and as sooi
as possible after the expiration of said date
No sale transfer of the stock shall b
recognized by the corporation unless an
until. it shall have been first offered il
writing to the corporation at the price afore
said in the preceding paragraph, for the US
and benefit of the other stockholders VIII
are hereby granted the absolute first RICH
and privilege to purchase the same at tn
price stated and to accept such shall be i
writing and pay therefor within thirty day
after which offer shall have been made
The right and the rights conferred in tn
article of the charter shall follow the stoc
into whatever hands it may Co.
Failure of the holder possessor of Gel
tficate OF stock to produce deliver tn
same shall authorize the corporation to receiv
in trust the price thereof to cancel such gu
standing certificates on the books
the corporation, and issue cert
ficates therefor. The stock so purchase
shall be divided among the remaining stool
holders as may be desired by them and i
default OF agreement in proportion to the
several holdings, and upon payment of tn
price thereof.
This corporation shall be the agent {
the stockholders specially empowered throus
IT'S Board OF Directors, to enforce and carr
out all of the foregoing provisions regar
ing stock in this corporation. The sui
stance OF these provisions of the chart
shall be stated briefly and succnctly c
the face of each certificate of stock al
shall be conclusive notice to all person
dealing therein.
Thus done and passed, in my Notarial u
flee on the day aforesaid, the presen
OF Leo l. Duborg, and Louis ]. Gelpi, cor
pctent witnesses of lawful age, residing
this City and they have hereunto signed the
names with the said appearers, who have S
out their addresses and the number
shares held by them; and me, Notary, aft
due reading OF the whole.
witnesses: Leo. L. Duborg, Louis
Gelp.
Original Signed NJ B. Griffin,
shares, 1928 Carrollton Ave; c. H. Blanchar
los shares, SOIL Pamela; L. E. Menge,
shares, 1871 Exposition Blvd; II. r. Ma
Leod. % shares, S04 Elm Street; Elizabe
7. Griffin, shares, 1923 Carrollton Ave;
L. Baila, 100 shares, 1850 Canal Street;
III. Menge, i76 shares, 1891 Exposition Blv,
v. 0. Clark, IS shares, Biloxi, Miss, Per
III. Menge PROXY attached; L. E. Bla
chard shares, SOIL Pamela
(Signed) HENRY P. DART, JR.
Notary Public
/, the undersigned Recorder of Mortgae
in and for the Parish of Orleans, State
Louisiana, do hereby certify that the abo
and foregoing act of Amendment to the oh.
ter OF Menge Marine Hardware and Supp
Company, Inc. was this day duly record
in my office in Book l22S Folio =.
New Orleans, La, March -, 1919.
(Signed) EMILE ]. LEONARD, DIV.
l hereby certify that the above and 70,
going is true and correct copy of the O
ginal act on file at my office.
tSigned HENRY p. DART, JR.
Notary Public
CHARTER OF PLEDGER APPLIANCE
CO. INC