The herald., 1920-05-06
CHARTER.

rectors for period of ten days, at the
book value of such stock, as shown Dy
the books of the corporation. on the 3lst
day of December last preceding the GATE
OF such offer. Ii shall be the duty or
tn" Board of Directors, promptly, upon
receiving an offer Of sale OF any OF the
capital stock of this corporation, 10 com
munCate IL same to the stockholders.
IN writing, through the Secretary of the
Company, and each of the said stOckhold-
ers shall be entitled to purchase such pro
portion of the stock offered for sale
as tine nu lbCr Of shares owned by HIM
at the tim, bears to the number of shares
owned by al other stockholders, desiring
TO participate i'll the purchase. No sale
under foreclosure. attachment or other
process. or by virtue of any power OF
attorney, pledge or hypOtheCatiOn, shall
b. validity made until the foregoing re
quircmentS have been complied with by
the person or persons, firm or corpora
ton provoking such foreclosure or sale.
The BOARD of Directors shall have author
ity. however, to waive the above require
! mentS as to any particular hypothccatlon
or pledge of stock, by resolution adopted
at Il regular called meeting Of the Board,
or at II meeting attended by all the mem
berS of the board of directors, such reSo-
| luton being adopted i'll advance OF the
pledge or hypOtheCatiOn.
If any person not connected with the
| corporal ion as officer. director or employee
| should at any time become the holder of
one or more shares of the capital stock
| of the corporation and should the dlNl-
| dendS applicable to said stock III any
year equal or exceed ten per cent. IN
J amount then and in any such event or
| events, the dividends payable 10 non
| employee holders of such stock shall never
| exceed ten per cent. III amount. the tA-
cess. if any. shall be applied to surplus.
| Said appearrrS further declared that III
| addition to the passage of the resolution
| authorizing the amendment TO the char
ter in the particulars herrinbefore "num,
| Grated. they were also authorized, directed
| aud empowered TO appear before Il Notary
! Public for the purpOS" of carrying out
| and giving effect to said amendment IL
| the charter and having the same placed
| in proper form and thereafter recorded
| aud published. in conformity with exist
! ing provisions of the law relating there
| to. all as will more fully and ut large ap
! pear from the resolutions adopted at said
| stockholders meeting. copy WHEREOF
duly certified. il hereto attached for ref
crCnCe.
Said appearrrS further declared that III
conformity with the authority conferred
upon tlru aforesaid. they have APP
| prarcd before me. said Notary. for the
| purIO>t. of having the amendment 10 the
charter OF the corporation placed in au
thentic form. and do hereby declare that
the charter of The New Orleans Pickery
WAS n said meeting of the stOckhOlder'
amended. changed and altered III the par
ticularS hprrinhefOre set out, ana thal
they now desire me- notary. TO receive and
make said amendment according TO law
to serve and avail the future shall
| or may require.
| Thus done and passed ut my office il
the Oty of New Orleans. on the day
month and year first hereinaboye writ,
ten in the presence of Frances EiSler ana
| ErnvSfina WOringrn, competent witnesses
| who hcreuntO sign their names, together
with said appearerS and me, notary, after
due reading of the whole.
! Cpriginal il Signrdl \. +. Pugh, chair
man: Jos. 4. Airey, secretary.
| Witnesses:
! +. EiSIer.
f.. VI Oringpn -
| CHAS. +. FLETCHINGER.
Notary Public.
l. the undersigned. Recorder of Mort
Cages in and for the parish of Orleans
state of Louisiana. do hereby certify tina
the above and foregoing Act of Amend
mcnt to the charter of The New Orleans
Pi"kery l. this day duly recorded in IN!
office in book 1912. folio
| New Orleans, April Ii, 1920
CSigned) EMILE J. LEONARD, ID. X.
| | hereby certify the above and fOregO
ing to BE- a true and correct copy o
the original act of amendment TO Tn
charter of The New Orleans Pickery, TO
gcther with certificate of the Recorder o
Mortgages thereto appended. as the Who'll
now appears on file and of record in IN.
; office.
As witness my hand and notarial sea
! of April. 1920. -
CHAS F. FLETCHINGER.
Notary Public.
|