The herald., 1920-05-06
AMENDMENT TO CHARTER OF SAZ-
ERAC COMPANY, INC.

| State of Louisiana. Parish of Orleans
| City of New Orleans. BE it known that
| on this 10th day of the month of April
| in the year of our Lord nineteen hun
dred and twenty. and of the independence
| of the United States of America. the one
| hundred and fOrty-fOurth. before me-
| Charles +. Fletchinger, notary pubic
duly commissioned and qualified IN ana
| for the city. parish and state aforesaid.
| therein residing. and in the presence OF
| the witnesses hereinafter named and un-
dersigned. personally came and appeared
Christopher J. O'Reilly and Joseph d.
MARTINEZ both of lawful age and resi-
dents of the city of New Orleans, hereto
| appearing in their respective capacities
as the chairman and secretary OF the
| meeting of the stockholders OF Sazerac
| Company. Inc. a corporation Organizes
and existing under the laws of the state
| of Louisiana, by act passed before the
| undersigned notary public OF date May
| 20. 1919 and recorded in the Mortgage VI
| flee for this parish in book ll2s: 1oilo
80, which said appearerS severally de-
| clared that. a meeting of the stockholders
| of Sazerac Company, Inc. was duly held
and convened at the office OF sald CON-
| pany in the city of New Orleans on April
IL 1920 pursuant to notice to each of the
| stockholders and after compliance with
all legal requisites at which meeting there
| were present in person the holders or all
| of the issued and outstanding stock or
| the corporation, and that upon motion
duly made and seconded it was unani-
mOusly resolved that Article Nv of the
| charter of said corporation be changed.
| altered amended and re-enacted so as to
hereafter read as follows, to-wit:
ARTICLE ". The capital stock of
this corporation is hereby fixed at the
sum of twenty five thousand (s25,OOO) dol
lars. divided into two hundred and ffty
(250) shares of the par value OF one nun
dred (S1OO) dollars each all Of which
shall be common stock. and the amount
ha al
creased is hereby fixed at the sum OF
S1JOOOO: said stock shall be issued only
for cash or in payment OF property OF
services actually received by or rendered
to said corporation: said stock shall bt
fully paid at the time of it's issuance anc
thereafter be worcestershire.
THE parties to this act hereby de
clared that they have subscribed for tn.
number of shares of the capital stool
A of said corporation set opposite their res
4 pective signatures hereto. so that TIM
: act of incorporation shall serve as tn
> original subscription. No present or III
ture stakeholder Of this corporation shat
ever sell. assign or transfer, other thal
by inheritance, any of the capital stocl
! of this corporation, until the same shall
have been first offered to the remaining
. stockholders for the benefit of thos
+ stockholders, who may desire to pur
rectors for a period of ten days, at tn
book value of such stock as shown D.
4 the books of the corporation on the 3Ot
\ day of June preceding the date or sue
i offer. It shall be the duty of the boar
of directors. promptly, upon receiving a
: offer of sale of any of the capital stoc
of this corporation to communicate tn
, same TO the stockholders, in writing
, through the secretary of the company, an
4 each of the said stockholders shall be en-
z titled to purchase such proportion OF TN
o stock so offered for sale as the numbe
: of shares owned by him bears to tn
Z number of shares owned by all othe
z stockholders desiring to participate In Tn
o purchase. No sale under f0reclosur'
! pledge or hypothecation shall be valid
: made until the foregoing requirement.
z have been complied with by the perso
o or persons. firm or corporation provokin
! such foreclosure or sale. The board Q
: directors shall have authority, however
: to waive the above requirements as I
' any particular hypothecation or pledg
:. | of stock by resolution adopted at reg
: ular called meeting OF the board. or
: meeting attended by all the members q
: the board of directors. such resolutlo
6 being adopted in advance of the piedg
u or hypothecatiou,"
9 Said appearers further declared this
A in addition to the passage of the resolu
q ton authorizing the amendment TO IN
a charter in the particulars hereinbefoI
d enumerated they were also authorized,
d rected and empowered to appear before
V notary public. for the purpose OF carryin
q out and giving effect to said amendmeI
) to the charter. and having the same place
). in authentic form and thereafter recorde
n and published in conformity with the e.
y isting provisions of the law relating Their
n to, all as will more fully and at large al
Ie pear frsm the resolutions adopted at sal
, stockholders' meeting. copy whereo
" duly certified, is hereto attached for re
l. said appearers further declared tbs