The herald., 1919-03-20
CHARTER

(Sl0OOO) Dalars each The capital stock, may,
after meeting duly assembled. be increased
to the sum Of One Hundred and Fifty Thou
sand Dollars. All transfers Of shares Of
the capital stock OF the company shall be
made and entered on the stock book Of the
corporation and no transfer shall be in any
manner binding OF this corporation unless
entered. The capital stock OF this cor
poration is issued and held under the IT.
reyocabe agreement, contract and condition
that the holders OF the majority Of the stock
hereafter issued and outstanding
may at all times during the life of this
charter acquire and purchase the share or
shares held by the minority stockholders or
by any individual holder thereof. at the price
OF One Hundred (Sl0Cm Dollars per share,
to which shall he added the pro rata share
OF the said stock in the surplus account and
undivided profit account Of the corporation.
the book value of the stock and the sole
and only evidence to be considered. The
surplus and undivided profits may De kept
in one or separate accounts.
The pro rata OF each share Of stock shall
be estimated by dividing the total number
OF shares issued and outstanding, into the
balance OF the credit OF said account or &C
counts The sum thus ascertained plus the
sum OF One Hundred (SlOOO0D Dollars afOre-
said, shall be the total value and price Of
SAID stock. All OF which amounts shall be
payable to cash within thirty davs after
lege. The stock shall be taken and the
books OF the corporation shall be audited as
OF January lst, of each year and as soon
as possible after the expiration OF said date
No sale or transfer Of the stock shall be
recognized by the corporation unless and
until, 1t shall have been first offered in
writing to the corporation at the price afore-
SAID IN the preceding paragraph. for the use
and benefit OF the other stockholders who
are hereby granted the absolute first right
and privilege to purchase the same at the
price stated. and to accept such shall be in
writing and pay therefor within thirty days
after which offer shall have been made
The right and the rights conferred in the
article OF the charter shall follow the stock
into whatever hands it may go.
Failure OF the holder or possessor Of Ger
hticate 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
ficates therefor The stock so purchased
shall be divided among the remaining stock
holders as may be desired by them and in
default OF agreement in proportion to their
several holdings, and upon payment of the
price thereof
the stockholders specially empowered through
It's Board OF Directors, 10 enforce and carry
OUT all OF the foregoing provisions regard
ing stock in this corporation. The sub
stance OF theSe provisions OF the charter
shall be stated briefly and succinctly on
the face Of each certificate OF stock and
shall be conclusive notice to all persons
dealing therein.
Thus done and passed in my Notarial Of-
flee on the day aforesaid, in the presence
OF Leo l.. Duborg, and Louis J. Gelpi com
petent witnesses of lawful age, residing in
this City and they have hereunto signed their
names with the said appearers who have set
out their addresses and the number of
shares held by them; and me- Notary. after
due reading of the whole
Witnesses: Leo. L. Duborg, Louis J.
Gelpi. w.
Original Signed NJ B. Griffin. 80
l08 shares, S0l1 Pamela; L. f. Menge, IO4
shares, 1891 Exposition Blvd; II. R. Mac
Leod % shares. S0+ Elm Street; Elizabeth
F. Griffin, shares, 1923 Carrollton Ave: A.
{. Baila, 100 shares, $3.50 Canal Street; l.
II. Menge 10 shares, 1891 Exposition Blvd
\. O. Clark. IS shares, Biloxi. Miss. Per ]
IL. Menge PROXY attached; L. E. Blan-
chard shares, SOIL Pamela
(Signed HENRY P DART, JR.,
Notary Public.
|, the undersigned Recorder of Mortgages
in and for the Parish of Orleans. State of
Louisiana, do hereby certify that the above
and foregoing act Of Amendment to the char
ter OF Menge Marine Hardware and Supply
Company. Inc. was this day duly recorded
in my office in Book 1928, Folio =
New Orleans. La, March - 1919
(SigneD EMILE J. LEONARD, by. r.
| hereby certify that the above and fore
going is true and correct copy OF the orr.
ginal act on file at my office.
tSigned) HENRY P DART, JR.,
Notary Public.