The herald., 1919-10-09
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 (s100.00) dollars aforesaid, shall be
the total value and price of said stock. All oil
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 l 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
stockholders, who are hereby granted the abso-
lutte first right and privilege to purchase the
| same at the price stated and to accept (which
| shall be in wrting) 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 CO.
| Failure of the holder 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 SUCK
in this corporation The substance OF these
provisions of the charter shall be stated briefly
and succintly on the face of each certificate
of stock and shall be conclusive notice to all
persons dealing therein.
And the said appearers accordingly declared
that Article w of the charter of the corpora
ton was altered, changed, amended and mod-
| fed as to read as follows. to-wit:
ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum of one
hundred thousand dollars (S100.00O.0O), divided
into and represented by one thousand shares
of the par value of hundred dollars
(slOOOO) each The said stock shall be paid
for in cash or in such instaments and at such
5 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 a dividend from the earnings OF the
corporation and may be accepted by the stock
, holders after ratification at a meeting duly
assembled by a majority of the stockholders in
shares of stock full payment of the said
, dividend. All transfers of shares of the cap
ital stock of this corporation shall be made
| and entered on the stock book of the corpora
tion and no transfers shall be in any manner
binding upon the corporation unless so en-
tered. The capital stock of the corporation
, may be hereafter increased to the sum OF one
I hundred and fifty thousand dollars"
y Thus done and passed. in my notarial office,
on the day. month and year aforesaid, in the
presence of Louis ]. 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 pro
/ ]. H. Menge).
;: HENRY P. DART, Jr.,
u Notary Public
q I. the undersigned, Recorder of Mortgages
u | in and for the Parish of Orleans, State o.
: | louisiana do hereby certify that the allow
:, and foregoing Act of Amendment of tn
u Menge Marine Hardware and Supply Com
u | pany Inc, was this day duly recorded in m,
70 office in Book 1881, folio -.
- New Orleans, La.,-...--.....-.-.--.-., 1919
Of A true copy:
le HENRY P. DART. JR.
a Oct. 2-Nov. s.