The herald., 1920-04-22
TO CHARTER OF sAZ-
ERAC COMPANY, INC.

State of Louisiana. Parish of Orleans
city Of New. Orleans. BE IL known that
on this 18th 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 aud fOrty-fOurth. before me.
Charles +. Fletchinger, a notary public,
duly commissioned and qualified in and
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, bOtn of lawful age and resi-
dents of the city of New Orleans hereto
appearing in their respective capacities
ms the chairman and secretary of the
meeting of the stockholders of Sazerac
company. Inc, corporation organized
ana existing under the laws of the state
OF Louisiana, by act passed before the
undersigned notary public of date Nav
70. IBID and recorded in the Mortgage Of
flee for this parish in book lips. folio
30. which said appearerS severally de-
clared that meeting of the stockholders
OF Sazerac Company. Inc. wasS duly held
and convened at the office of said com
pany in the city of New Orleans on April
II. 1870 pursuant to notice to each of the
stockholders and after compliance with
all legal requisites mt which meeting there
We're present in person the holders of all
OF the issued and outstanding stock of
me corporation. and that upon motion
dply made and seconded il was unani-
mOusly resolved that Article " of the
charter OF said corporation be changed
altered, amended and re-enacted so as TO
hereafter read as follows. to-wit:
ARTICLE ". The capitaI stock Of
this corporation is hereby fixed Al the
sum OF twenty-five thousand (S2J OOO) dol
lars, divided into two hundred and fifty
VOW shares of the par value of one hum
dred S1OO) dollars each, all of which
F0TDmnn nd h..
10 which the capital stock may he in
creased is hereby fixed mt the sum of
SlJOOOO; said stock shall be issued only
Tor cash or in payment Of property or
services actually received by or rendered
10 said corporation; said stock shall be
fnliy paid at the time of it's issuance and
thereafter be worcestershire.
The parties to this act hereby de-
cIared that they have subscribed for the
number of shares of tho capital stock
OF SAID corporation set opposite their res
pectlVe signatures hereto, so that this
act or incorporation shall serve as the
original subscription. No present or I'm
ture stockhOlder of this corporation shall
ever sell, assign or transfer. other than
by inheritance. any of the capital stock
of this corporation, until the same shall
nave been first offered to the remaining
siocknoIders for the benefit of those
s.ockholders. who may desire to pur-
chase the same, through the board of di-
DOOR value of such stock as shown nv
the books of the corporation on the 3Oth
day OF June preceding the date of such
oIfer IL shall be the duty of the hoard
ot directors, promptly. upon receiving an
offer OF sale. of any of the capitaI Stoct
OF this corporation. to communicate the
same to the stockholders. in writing
through the secretary of the company. and
eaeh OF the said stockholders shall be en-
s ttep 10 purchase such proportion of the
OF shares owned by him bears to the
number Of shares owned by all other
stockholders desiring to participate in the
Purchhse. NO sale under foreclosure
Pleuse or hypothecatiOn shall be yalidly
made until the foregoing requirements
nave been complied with by the person
or persons, firm or corporation provoking
such foreclosure or sale The hoard Of
directors shall have authority. however
10 "aNe the above requirements as to
any particular hypothecation or pledge
OF STOCK, by resolution adopted at n reg
uIar called meeting of the board ar n
meeting attended by all the members of
me board of directors. such resolution
or hypothecation."
SAID appearers further declared that
IN ADDITION to the passage of the resoIu
non authorizing the amendment IN the
enarter IN the particulars hereinbefore
enumerated they We're also authorized IA
rected and empowered to appear bafore a
notary public. for the purpose of carving
our ana giving effect TO said amendment
a.; 40 me charter: and having the same placed
III anihentic form and thereafter recorded
ana published. in conformity with the ex-
isuhg provisions of the law relating there
To- an as will more fully and at large an
pear IRON the resolutions adopted at said
cAholders meeting. COPY whereof
duly certified. is hereto attached for IF
erence. ior rei-
said appearers further declared that.