The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-12

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. a Notary
Public, duly commissioned and qualified
in and for the Parish of Orleans, therein
residing, and in the presence OF the I'M
dersigned witnesses. personally came and
appeared Richard VI. Murphy. President,
and John J. Sbeehan, 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, 1883, recorded in Mortgage office
in this parish. in Book 226, Folio 346. and
amended by Act before the same Notary
on January 2Sth. 1889. recorded in Mort
gage Office in Book 353 Folio I3S. who de
clared that at meeting of the StockhOld-
erS of said corporation held on June 18th.
1920, after fifteen I'D 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 (lI2l 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 GJD shares in favor thereon as
| against twenty ne 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 sharcs
| of one hundred and twenty-five dollars
| each which shares shall be paid Tor, 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 snail 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
ments. any subscriber to the capltaI stocb
| who shall fail to pay such lnstallhentS
within thirty 500 days after the datt
fixed for such payment shall forfeit all IN
stallments previously paid. without Delnt
put in default Fserving TO the b9aru ~ ~
directors the right to enforce collector
of the same by legal process; All ceruIi
Gates of stock shall be signed by the 1 resl
dent and Secretary, except that the B0aro
| of Directors may designate other uui!
elected officers to perform this duty IL
event of inability Of the President: or sec
rotary, to act. Holders OF certllSh.ess v
stock of the par value OF TWO hunafe'
| fifty dollars, issued prior to the adoption
|; of this article. shall be entitled TO ex
change such certificates for new certll
Gates of the par value OF one hunure =
twenty five dollars on the basis OF Two 90 =
the new shares for each one OF the OIL
| shares upOn surrender of such certnlcates
Appearers further declared that at san
| meeting Article Five of the Act OF lncor
poration was amended by a 'ote % 'I =
favor thereof with none against, ana twen
ty-one (2D shares not voting SO as
read as follows. to-wit:
ARTICLE y.-Every member OF TINS AS
| sociation shall be required to be the holde
| ~ Of least one share of the capital stoc
. Of said Association in his, or It's, ow
, | name but after the date of the adopuo
! | Of this article, no shares owned Dy Tn
Association shall be issued to any on
! | nersOn. or association of persons doln
. business as a partnership or corporation
! except for membership purposes.
i Appearers further declare that Artlcl
, Seven of the Act of Incorporation wa
: amended by vote OF one hundred an
4; forty five (145) shares in favor ther 20,
! with none against and twenty one VI
\ shares not voting, so as to read as loHo"
to-wit:
r ARTICLE VII.-An the powers OF TN
5 Association are vested in. and shall De e1
e ercised by a Board of Directors, compose se
| of a President and sixteen members.
: President and eight Directors shall
= elected annually on the first Monuay
: November each year, or as soon thereaIt'
Il as possible in the rooms OF the Assocl'
L tion. between the hours of 10 A Nj. an
= p NJ The President shall hold oIil'
e for a term of one year and the Dlrecto
), for a term of two years me seven ulre
tors elected in November, 1919, togeth
: with another to be selected by the bo sI
j. of Directors shall hold office until n
o yember, 1921 The Board OF Directo
o shall also select an additional director