The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTERS.

shares issued and outstanding into the balance
to the credit of said account or accounts The
sum thus ascertained, plus the of
hundred ($l0000) 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 l of each year, and as
soon as possible after the expiration of said
date.
mo 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 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 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 it's
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 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 Nv of the charter of the corpora
ton was altered, changed amended and modi-
fled so 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 (slOO, 0O0. O0), divided
into and represented by one thousand shares
of the par value of one hundred dollars
(s100.00) 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
the Board of Directors may fix or the same
may be issued for property exchanged. for labor
done, services performed or rights actually re-
ceived by the corporation or the same may be
issued as 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 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
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
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. ]. H. Menge. w. o. Clark (per pro
J. H. Menge).
HENRY P. DART, Jr.,
Notary Public.
I. the undersigned. Recorder of Mortgages
in and for the Parish of Orleans, State of
and foregoing Act of Amendment of the
pany. Inc, was this day duly recorded in my
office, in Book 1881. folio -.
New Orleans, La-.-..-.----..........., 1919.
true copy:
HENRY P. DART, JR