The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
INCORPORATED.
STATE OF LOUISIANA

CHALIN DRUG COMPANY,
INCORPORATED.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
RE 1T KNOWN That on this the Nine,
teenth day of January, One Thousand
Nine Hundred and Twenty, ana Oh 'ns
Independence of the United states ol
America, Abe One Hundred and Forty
Fourth.
BEFORE ME, ,
GEORGE JOSEPH UNTERElNEk
Notary Public in and for the ParlSh Oh
Orleans. State of Louisiana, duly COM
missiOned. qualified and sworn therein
residing and in the presence OF the WIZ
nesses hereinafter named and un1ersisn-
ed: pERsoTALLdLn4 E 8pSHR A aNd MA.
TiIDA =. ZIMMERMAN, widow of
| the late Louis +. Chalin, both of the run
| age of majority, and residents OIL TINS
| city, the President and Secretary anu
| Treasurer of the Chalin Drug Company
! Inc a corporation created under the laws
| of the State of Louisiana with Its domi-
| Gle in the Parish of Orleans incorporat-
| ed by act passed before Albert Guilbauit
late Notary Public in this City on March
| ~. 1914 recorded in the Mortgage Ot1lce
| for the Parish of Orleans in Mortgage
Book 1119 at folio 40 as ammended Dy
| act Dassed before Albert Guilbaut late
| Zotorv Public on December 2Sth. 1914.
| registered in Mortgage office BOOK ll.'
| ut folio 697: who declared that In accord
| ancp with the act creating said Corpora
ton and In the act amendatory ,nereoi
the above named Corporation was heiu
al it's office No. 12l Decatur Street OF
this city after having given ten tiO)
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
| poration mt which meeting all persons
holding common stock Of the above nam
l.A ar
ing resolutions were presented ana unahl-
mOusly adopted, viz 1850,
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 asth, 1914, he amended so as
to read.
The name and title of this Corpora
. ton shall be the Chalin-Ipser Drug Com
pany Incorporated: and 1t shall have the
| right to abbreviate the term lncOrporat-
ed by using the term Inc. in its place
, and stead: Ii shall have and enjoy Cor
| porate existence for ninety-nine t95l
years from March 18th. 1914. 1t shall
have power and authority under Its cor
. | porate name to contract. sue and De sued
, To make and use Corporate seal, the
| same to alter or destroy at pleasure: TO
hold, receive. lease, purchase; sell; con
, vey pledge mortgage and hypothecate
its property, real. personal or mixed
, to lend money on mortgage or other Sc
, curity: to borrow money and secure its
payment by pledge or mortgage age OF rs rs
, name and appoint such officers, direct
ors, agents and other employees as It's
interest may require: To make and es-
! tablish such bylaws, rules and reguIa-
! tions "a may be necessary or proper for
the mana cement and control of Its bust
, ness and to carry out the objects and
purposes for which this Corporation was
Z formed. -
The capital stock of this Corporation
Z is hereby fixed at One Hundred Thou'
: sand ($1OO, OOO.OO) Dollars; represented by
J, one hundred ($IOOOO) dollars. All stock Of
d this Corporation shall be fully paid, non
8 assessabie and shall be evidenced b!
T stock certificates showing on their fac,
= its character and class with the fixet
e and guaranteed dividends to which 4
r may be- entitled; all certificates of stool
;. shall be issued by the Secretary an'
II Treasurer and be eountersignen py IN
e sued until the same shall have been fui
n " paid i'm cash by services rendered o
= by property or other assets transferred
E to the Corporation and accepted oy IN
r Board of Directors.
l. The Capital Stock of this Corporation
y shall be divided and treated in thre
,r kinds, wiz
o Seventy Thousand Dollars or SIEVE
Id Hundred shares of the Capital Stock Q
II this Corporation shall be preferred stoc
IL with guaranteed annual dividends herein
T. after stipulated. viz
Three Thousand Nine Hundred Dollar
y, or Thirty-Nine shares of the preferre
an stock shall he known as Preferred Stoc
ha GLASS No. One" and shall be guarantee
N. an annual dividend of ten Der cent o
~ it's par value on each share payable al
81 nually:
4, The remaining Sixty-six Thousand On
Ia Hundred Dollars or Six Hundred an
n One shares of the preferred stock sha
If he known as preferred Stock Class n
~ Two" and shall he guaranteed an annu
es dividend of Eight (s) per cent or
B par value.
N, TIL, preferred stock Glasses One al
Two" shall have no vote In the electro
Al, Of directors of this Corporation, nor sha
on It have any voice i'm the control or manag
a. ment of its business. SAVING to the hol
of or thereof the right only to examine u
at books from time to time for the prese
or | walton and protection of their interest,"
-. Thirty thousand Dollars or Thr
,er Hundred Shares of the Capital Stock
H. this Corporation shall be known
X Common Stock so designated on
certificates. subordinated in rank to c
preferred stock and be entitled only
on such dividends as the Board of Directo
ia may direct after payment OF the dividen
Dr. on the preferred stock and the debts d
mt by this Corporation at the end OF its II
III cal year.
ha No flock shall be transferred on {
~, ne books |of this Corporation. nor shall al
n. stockholder therein be permitted to s.
~. his stock until he shall have Offered {
%, same to the Board Of Directors, Tor Z
benefit of the Corporation. who sh'
have the right within ten uO) days fro
ne the date of said offer to purchase I
ed stock offered at its book value: III I
De stock offered be not purchased with
EN- this delay by the corporation, I
on right shall accrue to the stockholders
ole fering to sell same to the other stoc
lat holders or to strangers.
~ Resolved further that the President a
yos the Secretary and Treasurer of this CO
en poration: be and they are hereby dire
~ ed to appear before George j. Unterein
y. Notary Public and put the foregoing res
80 buttons and amendments to the act
NJ Incorporation in legal form and to e.
~ body them In authentic act, to comp
re with the requirements Of law necessa
.an to make them part Of its act Of lnc'
N poration.
ro- The whole as will more fully appt
the by reference to certified copy of
TO foregoing resolutions annexed hereto a
re. made a part OF this act.
Appearers further declared that by
"a foregoing resolutions they were empow
err ed and directed to appear before me
der undersigned Notary cause an authen
ct act to be drawn Incorporating the TO
OH going resolutions and carrying the sa
ar- into effect and that they now for and
the behalf of said Corporation declare
-. aat of