The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-13
AMENDMENT TO CHARTER OF sAZ-
ERAC COMPANY, INC.

state of Louisiana. Parish of Orleans
Ut! OF New Orleans. BE il known that
on this 10Th day of the month of Apri
IA the year of our Lord nineteen hun.
| ureu ana twenty. and Of the Independence
Of the United States of America the one
/ hundred and forty fourth before me-
| Charles +. Fletchinger a notary pubIic
! duly commissioned and qualified in and
Tor the city. parish and state aforesaid
thereln residing, and in the presence of
| me witnesses hereinafter named and nm
derSigned. personally came and appeared
christopher j. O'ReilIy and Joseph ID
martinez botn of lawful age and resi-
dents of the city of New Orleans hereto
appearing in their respective capacities
as the chairman and secretary of the
meeting OF the stockholders of Sazerac
company, Inc. corporation organized
ana existing under the laws of the state
Oh Louisiana by act passed before the
undersigned notary public of date Nav
~. 1919 and recorded in the Mortgage Of
nee for this parish in book 1l2S folio
'io which said appearers severally de-
CARED that. meeting of the stockholders
Of SaZerac Company, Inc WAS dulv hold
ana convened at the office of said com
pany in the city of New Orleans on AnriI
Il I92O pursuant to notice to each of the
stockholders and after compliance with
al legal requisites at which meeting there
Mere present in person the holders of all
OF the issued and outstanding stock of
the corporation. and that upon motion
duIy made and seconded it 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 capital stock of
TINS corporation is hereby fixed at the
sum OF TWENTY-FIVE thousand ($25 OOO) dol
lars. divided into two hundred and fifty
(2JO) shares of the par value of one hun
dred tSlOO) dollars each. all of which
snail be common stock, and the amount
to which the capital stock may be in
creased is hereby fixed at the sum of
SloO'ooO: 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
fully paid mt the time of its issuance and
thereafter be worcestershire.
The parties to this act hereby de- |
rlared that they have subscribed for the |
number of shares of the capital stock
Of said corporation set opposite their res
pective signatures hereto. so that this /
net OF incorporation shall serve as the |
original subscription. No present or flu
lure stakeholder of this corporation shall !
ever sell. assign or transfer. other than
by inheritance. any of the capital stock
'f this corporation, until the same shall
nave been first offered to the remaining
tockhoiders T rGT e Oe daito Of those
,hase the same. through the board of di-
ectors. for period of ten days. at the
,ook value of such stock as shown by
ne books of the corporation on the Both
lay or June preceding the date of such
'ffer. 1t shall be the duty of the board
u directors. promptly, upon receiving an
tter OF sale, OF any of the capital stock
u TINS corporation. to communicate the
anne TO the stockholders, in writing.
through the secretary of the company and
ach of the said stockholders shall be en-
ltled 10 purchase such proportion of the
took so offered for sale as the number ;
shares owned by him bears to the
lumber of shares owned by all other ,
Iockholders desiring to participate in the |
urchase. No sale under foreclosure. |
ledge or hypOthecation shall be validity
lade until the foregoing requirements
ave been complied with by the person
persons flrm or corporation provoking
lch foreclosure or sale. The board OF
lrectOrS shall have authority, however
waive the above requirements as TO
ny particular hypothecation or pledge
stock; by resolution adopted at a reg
lar called meeting of the board. or a
Getting attended by all the members of 9
70 board Of directors, such resolution
ing adopted In advance of the pledge Z
hypothecatiOn." a
Said appearers further declared that d
addition to the passage of the resolu- L
On authorizing the amendment to the
arter in the particulars hereinbefore
they were also authorized, di.
cted and empowered to appear before a .,
'tary public. for the purpose of carrying a
Il and giving effect to said amendment -
the charter. and having the same placed a.
authentic form and thereafter recorded \;
d published, in conformity with the ex- ="
ing provisions of the law relating there
all as will more fully and at large ap- m
ar rem the resolutions adopted at said o.
,ckhoiders' meeting, a copy whereof. A
ly certified, Is hereto attached for ref
ence.
aid sppesrers further declared that,