The herald., 1920-04-29
CHARTER.

rectOrs. for a period of ten days, at the
book value of such stock, as shown by
the books of the corporation, on the 3l>t
day OF December last preceding the date
OF such offer. 1t shall be the duty OF
tn" Board of Directors, promptly, upon
receiving an offer of sale of any of the
capital stock OF this corporation, to com
municate the same to the stockholders,
in writing. through the Secretary of IA"
Company, ana each of the said StOckhOld-
erS shall Ice entitled to purchase such pro
portion of the stock 80 Offered for sale
as the number of shares owned by him
at the time bears to the number of shares
owned by alt other stockholders, desiring
10 participate in the purchase. No sale
under foreclosure, attachment or other
process, or by virtue OF any power OF
attorney, pledge or hypOtheCatiOn, shall
b. validity made until the foregoing re
quirymrntS have been complied with by
tn" person or persons, firm or corpora
tiOn provoking such foreclosure or sale.
The BOARD of Directors shall hdY" author
ity. however. 10 waive the above require
mrntS as 10 any particular hypOthrCatlOn
or pledge Of stock. by resolution adopted
ar Regular called meeting of the BOARD.
or ut Il meeting attended by all IN" mem
beers of the board of directors, such r"NO-
lutipu being adopted in advance Of tn"
plrdg" or Experimentation.
II any person not connected with the
corporation as officer. director or employee
should Il any time become the holder of
one or NOR" shares of the capital stock
nj the corporation and should III" diyl-
dpEt!> applicable to said stock in any
year equal or exceed ten per cent ia
amount, then and in any such event or
events. the dividends payable to non
employee holders Of such stock shall never
rN"""i ten per cent. in amount, the rN-
cess. if any, shall br applied to surplus.
said appraTrr> further declared that in
addition to tn" passage Of the resolution
authorizing Ia" amendment to IT," char
ter IN the particulars Errrinb"f0rr cnum-
~ a Ntr.s.sf Il
gud empowered 10 appear before Notary
rublir for the purpose of carrying out
ana giving effect to said amendment To
the rnarlcI aud having the same placed
i'll proper form and thereafter recorded
aid published in conformity with exist
ing provisions III the law relating there
10. all a. will gOr" fully and at large APP
pear from the resolutions adopted At said
stockholders meeting. copy whereof.
duly certified j. hereto attached for ref
rr, nee
Said app"arrr> further declared that III
ron'OraiiN with the authority conferred
u9"U tL"T a. aforesaid. they hav" ap-
p"ar"i before me, said Notary. for the
purpose Of having the amendment To the
charter 81 the corporation placed i'll an
thrutir form. and do hereby declare that
the charter of The New Orleans Pickery
WIS al said meeting of the stockholders
amended. changed aud altered in the par
ti'Ular> herrinbrfOre set out, and that
they now desire me, notary. to receive and
make, said amendment according to law.
10 serve and avail ~ the future shall
or may require.
Thus done and PASSED at my office in
the nty OF New Orleans. the day.
month and yeaE- first hrrcinabOve writ
ten. in the presence of Frances EiSlcr aud
IrHr>tin" WOrngcn. competent witnesses,
who kCrcuntO sign their names, together
with said appearer> and me, notary. after
due reading Of the whole.
Uriginal il signed: \. +. Pugh, chair
man: Jos. \. Airey. secretary.
Witnesses:
+. Li>ler.
L.. VI oringen.
CHAS. I. FLETCHINGER.
Notary Public.
l. the undersigned Recorder of Mort
uryrs in aud for the parish Of Orleans.
stat" of Louisiana. do hereby certify that
the above and foregoing Act of Amend
mont to the charter of Tn" New Orleans
Pi"kcry il this day duly recorded in my
office in book l2I2. folio go.
New Orleans. April Ii. 1920.
(Signrd) EMILE J. LEONARD, II. Il.
1 hereby certify the above and fOregO-
,hr original act of amendment to the
gcthrr with certificate of the Recorder of
now appe;rrS on file and of record in my
o!rirc.
A. witness my hand and notarial seal
of April. 1870.
CHAS. T. FLETCHINGER.
Notary Public.
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