The herald., 1920-01-29
AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
INCORPORATED.
STATE OF LOUISIANA

BE 1T KNOWN That on this the Nine
eenth day of January, One Thousand
Nine Hundred and Twenty, and of the
of the United States or
America, Abe one Hundred and Forty
Fourth.
BEFORE ME.
GEORGE JOSEPH TNTEREINER
Notary Public in and for the Parish of
Orleans. State of Louisiana, duly COM
misSioned, qualified and sworn, therein
residing and in the presence OF the WIZ
nesses hereinafter named and undersign-
P IT; IPSER and MA.
TILDA =. ZIMMERMANN, widow of
the late Louis +. Chalin, both of the fun
age of majority. and residents of this
City. the President and Secretary and
Treasurer of the Chalin Drug Company,
Inc. a corporation created under the laws
of the State of Louisiana with its domi-
ellie in the Parish Of Orleans incorporat-
ed by act passed before Albert Guilbault
late Notary Public in this City on March
%. 1914 recorded in the Mortgage Office
for the Parish of Orleans in Mortgage
Book 1ll9 at folio 40 as amended ny
act passed before Albert Guilbault late
Notary Public on December 18th, 1911,
registered in Mortgage Office Book 1l2'
at folio 697: who declared that in accord
ance with the act creating said corpora
ton and In the act amendat0ry thereoi
special meeting of the stockholders OF
the above named Corporation was held
at its office No. 12l Decatur Street OF
this City after having given ten ClOl
days written notice TO each person mold
ing stock therein at their last known
place of residence for the purpose of
amending the act creating said cor
poration at which meeting all persons
holding common stock of the above NAM
ed Corporation were present. the follow
ing resolutions were presented and unani-
mously adopted, viz
Resolved that Articles ONE and FOUR
of the act creating this Corporation. pass
laeA nNa
Public in this City on March 18th l9li,
as amended before the same Notary on
December 2Sth, 1914, be amended so as
to read.
ARTICLE l.
The name and title of this Corpora
ton shall be the Chalin-Ipser Drug Com
pany Incorporated: and II shall have the
right to abbreviate the term Incorporat-
ed by using the term Inc. in its place
and stead: 1t shall have and enjoy Cor
porate existence for ninety-nine C99l
years from March 2Sth. 1914. Ii shall
have power and authority under its cor
pOrate name to contract, sue and be sued
To make and use n Corporate seal the
same to alter or destroy at pleasure: TO
hold, receive lease. purchase, sell. con-
vey pledge mortgage and hypothecate
it's property. real, personal or mixed !;
to lend money on mortgage or other Sc
rurity: to borrow money and secure its
payment by pledge or mortgage or It's
property. real. personal or mixed TO
name and appoint such officers, direct
ors agents and other employees as its
interest may require: To make and es-
tablish such bylaws, rules and reguIa-
tons as may be necessary or proper for
the management and control of its busl-
ness and TO carry out the objects ana
purposes for which this Corporation was
! formed.
The capital stock of this Corporation
is hereby fixed at One Hundred Thou
rpnrpSpntp0
one thousand shares of the par value OF
| one hundred ($10O.OO) dollars. All stock OF
| this Corporation shall be fully paid. non
assessable and shall be evidenced by
| stock certificates showing on their race
| its character and class with the fixed
| and guaranteed dividends to which II
may be entitled; all certificates OF stocE
shall be issued by the Secretary and
treasurer and be countersigned by tn,
| President. No certificates shall be Is
| sued until the same shall have been fui
| ly paid in cash by services rendered OF
by property or other assets transfers. rec
! to the Corporation and accepted by th'
Board of Directors.
The Capital stock of this Corporation
shall be divided and treated in thre'
kinds, wiz g.,
Hundred shares of the Capital Stock o
this Corporation shall be preferred stocl
with guaranteed annual dividends herein
after stipulated, viz
ar Thirty-Nine shares of the preferred
stock shall he known as Preferred Stocl
"Class No. One" and shall be guaranteed
an annual dividend of ten per cent o.
its par value on each share payable an
nually. a.
The remaining Sixty-six Thousand On
| Hundred Dollars or Six Hundred an
One shares of the preferred stock snal
be known as preferred STOCK lass ~
; Two" and shall be guaranteed an annus
, dividend of Eight (S) per cent or IL
par value.
TIL, preferred stock Glasses One an
Two shall have no vote in the electio
| of directors of this Corporation, nor sna
. II have any voice in the control or managt
ment of its business saving to the hold
er thereof the right only to examine IN
! books from time to time Tor the presei
. walton and protection OF their lnterest
Thirty Thousand Dollars or Ihre
Hundred Shares of the Capital Stock
this CORPORATION shall be known
.Common Stock" so designated on IN
certificates, subordinated In rank TO th
preferred stock and be entitled only
a such dividends as the Board OF Dlreetoi
: NAV direct after payment of the DIVIDEND
: on the preferred stock and the DEBTS on
{ by this Corporation at the END OF lts III
cal year.
a No stock shall be transferred on Il
hooks of this Corporation, nor shall an
stockholder therein be permitted TO Sc
his stock until he shall have Offered u
!. same TO the Board of Directors, Tor u
L benefit of the Corporation. who sha
have the right within ten (l0) days ITO
e the date of said offer to purchase u
d stock offered at its book value: III u
= stock offered be not purchased Win
n this delay by the corporauoh, =
n right shall accrue to the stockholders Q
e fering to sell same TO the other s'oe
e holders or to strangers.
T Resolved further that the President al
the Secretary and Treasurer or TINS 20
y poration: be and they are nereDy unIe.
n Cd 70 appear before George j. Unterelnt
u Notary public and put the foregoing res
e iutions and amendments to the act
o INCORPORATION in legal form ana 10 el
y body them In authentic act, 10 comp
= with the requirements of law necessa
lie 70 make them part of its act OF lnco
= poration.
IS The whole as will more fully appe
!. nv reference to certified copy OF l
- foregoing resolutions annexed hereto a.
= made a part OF this act.
Anpearers further declared that Dy !
foregoiUg resolutions they were empo"'
cd and directed to appear before me
}, undersigned Notary cause an authen
>. oct to be drawn Incorporating the Iol
!. ao;ng resolutions and carrying the SAL
- into effect and that they now FOR ana
"a hebalf of said Corporation declare
= original act of Incorporation passeu
= fore Albert Guilbault late Notary f .o
lie In this Parish on March SIN, 10
ga amended by act passed Deiore
is bert Cuilbault late Notary PUBIC
Or december 2Sth, 1914, Is amended IN
% cordance with the amendments IVA
m above set out to serve as In law anu
hA