The herald., 1920-08-19

United States of America, State of Lou.
iSiana, Parish of Orleans, City of New Or
leans. Be it known, that on this. the fiji.
teenth day of the month of July, in the
year one thousand nine hundred and TWEEN
ty, before me. Charles ROsen. Notary
Public, duly commissioned and qualified
in and for the Parish of Orleans, therein
residing, and in the presence of the un-
dersigned witnesses. personally came and
appeared Richard VI. Murphy, President.
and John j. Sheehan, Secretary. of the
Louisiana Sugar and Rice Exchange, a
corporation organized under the laws of
this State, by act before Nicholas Il. Trist.
a Notary Public. on the sixth day of
March, 1888. recorded in Mortgage office
in this parish, in Book 226, Folio 3i6 and
| amended by Act before the same Notary
on January 2Sth, 1889. recorded in Mort
gage Office in Book 1853, Folio 13S, who de
clared that at a meeting of the stockhold-
ers of said corporation held on June 18th,
1920, after fifteen C15) days notice, dated
June 10th, 1920 published in the New Or
leans Times Picayune and the Daily states,
two daily newspapers published in the
City of New Orleans, State of Louisiana.
at which were present or represented one
hundred and seventy two (112) shares Of
the capital stock of said corporation, Ar
| ticle Four of the Act of Incorporation was
amended by a vote of one hundred and
| fifty-one (151) shares in favor thereon as
| against twenty-one CID shares against the
adoption thereof, so as to read as follows,
to-wit: -
ARTICLE Iv.-The capital stock of said
Association shall be one hundred thousand
| dollars, divided into eight hundred shares
of one hundred and twenty five dollars
each which shares shall be paid for, in
| full or in installments, for cash, as called
| for by the Board Of Directors, who may
| from time to time, fix the price at Whlch
| shares of stock belonging TO the AsSocla-
| ton shall be sold, which price shall In no
| case be less than one hundred ana twenty
| five dollars per share. In case payments
| for stock shall be called for in install
L NI.ss. oil a nRE
who shall fail to pay such installments
| within thirty 800 days after the date
| fixed for such payment shall forfeit all IN
| stallments previously paid. without belne
| nut in default, reserving to the Board OF
directors the right to enforce collection
| of the same by legal process. All certlfl-
Gates of stock shall be signed by the Presl
dent and Secretary, except that the b9aIu
| of Directors may designate other duly
| elected officers to perform this duty III
event of inability of the President, or sec,
| rotary, to act Holders or certltlcates o.
stock of the par value OF TWO nunu iiee
fifty dollars issued prior to the Adoption
| of this article. shall be entitled TO eX
change such certificates for new certIl
| Gates Of the par value OF one huhuret
| twenty-five dollars on the basis OF Two o.
| The new shares for each one of the ole
shares upon surrender of such certlflcates
Appearers further declared that at salC
meeting Article Five of the Act OF incor
| poration was amended by a vote OF on'
hundred and fOrty-five Q45) shares II
favor thereof with none against, ana TWEEN
ty-one (2D shares not voting, SO as u
read as follows, to-wit:
ARTICLE v.-Every member OF this As
| sociation shall be required to be the holder
| Of at least one share of the capital stocl
| of said Association in his. or its, owl
| name but after the date OF the adoptloI
| Of this article no shares owned by th'
| Association shall be issued to any on
| nerson. or association of persons uolnt
| business as a partnership or corporation
EXCEPT for membership purposes
Appearers further declare that Article
Seven of the Act of incorporation wa
amended by vote of one, hundred an
forty-fiye (145) shares in favor thereoI
with none against and twenty one vi
shares not voting, so as to read as iollo"s
to-wit:
ARTICLE yII.-All the powers OF thl
Association are vested in, and shall De eA
ercised by a Board of Directors, compose
| of a President and sixteen members.
President and eight Directors shall
elected annually on the first Monday o
| November each year. or as soon thereaIte
as possible, in the rooms of the Assocla
ton. between the hours Of 10 A NJ an
I2P NJ The President shall hold oItlc
, for a term of one year and the director
| FOR a term of two years. The seven olrec
tors elected in November, 1918, togethe
: with another to be selected ey the soar
: of Directors, shall hold office until nc
, vember, 1921 The Board OF director
, shall also select an additional director