The herald., 1920-03-04
AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
INCORPORATED
STATE OF LOUISIANA.
NRISH OF ORLEANS.

STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
BE IT KNOWN That on this the Nine
tenth day Of January, one Thousand
Mn. Hundred and Twenty, and of the
! Independence of the United states of
America. Ihe one Hundred and Forty
/ Fourth.
/ BEFORE Me.
GEORGE JOSEPH TNTEREINER a
Notary Public in and for the Parish OF
. Orleans. State of Louisiana. duly com
mis>iourd. qualified and sworn, therein
u"~>"S hereinafter named and undersign-
ed. PRESUMABLY CAME AND AP-
. PEAEED. JACOB IPSER and MA
. TILDA Z. ZiMMERMANN. widow Of
/ the late Louis +. Chaliu, both of the fun
+ age OF majority. and residents Of this
/ city. the President and Secretary and
I Treasurer Of the Chalin Drug Company.
, Inc. a corporation created under the laws
| Of the state Of l. ui~iana with its domi-
! Gle in the Parish of Orleans incOrporat-
I'D 10y act passed before Albert Guilbault
lat" Notary Public in this city on March
-, 1914 recorded in the Mortgage office
for the Parish OF Orleans in Mortgage
Book lll9 at folio 40 as amended by
act passed before Albert Guilbault late
Notary Public on December 18th, 1914,
registered in Mortgage office Book ll21
at folio G9I who declared that in accord
anc" with the act creating said Corpora
ton and in the act amcndatOry thereof
special meeting Of the stockholders OF
the abOv" named Corporation was held
AT its office No. l2l Decatur street OF
this city after having given ten (lOl
days written notice to each person hold
ing stock therein at their last known
place OF residence for the purpose of
amending the act creating said Cor
pUratiOn at which meeting all persons
holding common stock of the above nam
ed Corporation We're 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
ed before Albert Guilbault late Notary
Public in this City on March 2Sth. 1914.
as amended before the same Notary on
December 2Sth, 1914, be amended SO as
10 read.
ARTICLE l.
The name and title Of this Corpora
ton shall be the Chalin-Ipser Drug Com
pany Incorporated: and it shall have the
right to abbrcviate the term lncOrpOrat-
ed by using the term Inc. in its place
and stead: 1t shall have and enjoy Cor
pOrate existence for nnety-nine (g9)
years from March 2Sth. 1914 1t shall
have power and authority under its cor
pOrate name to contract. sue and be sued
To make and use a Corporate seal, the
same to alter or destroy at pleasure: To
hold, receive, lease, purchase. sell, con-
N"y pledge mortgage and hypOthecate
It's property, real, personal or mixed;
curlty: to borrow money and secure its
payment by pledge or mortgage of its
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 bust
ness and to carry out the objects and
purposes for which this Corporation was
formed.
ARTICLE ".
The capital stock of this Corporation
is hereby fixed at One Hundred Thou |
sand $500 OOOOO) Dollars; represented nv |
one thousand shares of the par value of |
one hundred (SI0000D dollars. All stock of !
this Corporation shall be fully paid nom !
asSessable and shall be evidenced by |
stock certificates showing on their face |
its character and class with the fixed .
and guaranteed dividends to which it 7
may be entitled: all certificates of stock
shall be issued by the Secretary and |
Treasurer and be cOuntersigned by the
President. No certificates shall be is |
sued until the same shall have been fur
~ paid III cash by services rendered or
by property or other assets transferred |
to the Corporation and accepted by the
The Capital Stock of this Corporation
shall be divided and treated in three
kinds, viz
seventy Thousand Dollars or Seven
= %
this Corporation shall he preferred stock
with guaranteed annual dividends herein
after stipulated. viz
Three Thousand Nine Hundred Dollars
or Thirty-Nine shares Of the preferred
stock shall be known as Preferred Stock
GLASS No. One" and shall be guaranteed
an annual dividend of ten per cent on
its par value on each share payable an
nually.
The remaining Sixty-six Thousand One
Hundred Dollars or Six Hundred and
One shares of the preferred stock shall
be known as Preferred Stock Class No.
dividend Of Eight (S) per cent of its
par value.
Tn. preferred stock Glasses One and
Two" shall have no vote in the election
Of directors of this Corporation nor shall
1t have any voice in the control or manage
ment OF its business, saving to the hold
pr thereof the right only 10 examine the
books from time to time for the preser-
'aI rSi and protection OF their interests.
Thirty Thousand Dollars or Three
Hundred Shares Of the Capital Stock OF
this Corporation shall be known n.
Common Stock so designated on the
iertltlcates' subOrdinated in rank to the
preferred stock and be entitled only 70
such dividends as the Board of Directors
may direct after payment of the dividends
on the preferred stock and the debts due
by this Corporation at the end of its fis-
No stock shall be transferred on the
books of this Corporation. nor shall anv
stakeholder therein be permitted to sell
his stock until he shall have offered the
same to the Board of Directors, for the
benefit of the Corporation. who shall,
nave the right within ten 10) days from
the date of said offer to purchase the
STOCK offered at Its book value: If the
STOCK offered be not purchased within
ms delay by the corporation, the
right shall accrue to the stockholders Of
-erlng to sell same to the other stock
holders or TO strangers.
Resolved further that the President and
ne secretary and Treasurer OF this Cor ,
Doration: be and they are hereby direct
~ 10 appear before George J. IJntereiner ,
Notary Public and put the foregoing reso. |
utlOns and amendments to the act OF ,
incorporation in legal form and to em-
'ody them In authentic act. to comnIv
With the requirements of law necessary ,
o make them part of its act of Incor- /
,Oration.
The whole as will more fully apnear
" reference to a certified copy of tho
oregOing resolutions annexed hereto and 7
made part OF this act 1
Appearers further declared that nv tho
oregoing resolutions they were emnower- ,
d and directed to appear before me the
Undersigned Notary cause an authentis
Ct to be drawn incorporating the fore : :
olng resolutions and carrying the Same :
ntO effect and that they now for and on I
ehalf OF said Corporation declare the I
riginal act of Incorporation passed he
ore Albert Guilbault late Notary Pub a,