The herald., 1920-05-20
CHARTER.

rectors for a period of ten days, at the
book value of such stock, as SHOWN oy
the books of the corporation, on the 2is.
day OF December last preceding the dale
OF such offer. 1t shall be the uuty Oh
the Board of Directors, promptly, upon
receiving an offer of sale OF any OF the
capital stock of this corporation, 10 com
mUniCate the 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 so offered for saIe
AS the number of shares owned by MN
az the time bears to the number of shares
owned by all other stockholders, desiring
to participate in the purchase. NO SAFE
under foreclosure, attachment or otheT
process, or by virtue of any power OF
attorney. pledge or hypOthecation, shall
BE- validity made until the foregoing re
quirpmentS have been complied with by
the person or persons, firm or corpora
tiOn provoking such foreclosure or SAFE.
The BOa ri of Directors shall have author
ity however to waive the above require
npnts as to any particular hypothecatlon
or pledge OF stock, by resolution adopted
AZ "A regular called meeting OF the Board
or ut IA meeting attended by all the mem
beers of the board of directors, such reso-
luton being adopted i'll advance OF the
pledge or hypOthccation.
Ii any person not connected Win the
corporal ion as officer, director or employee
should At any time become the holder oil
al the corporation and should the dlNl-
dcudS applicable to said stock III any
year equal or exceed ten per cent. III
amount. then and i'll any such event or
events. the dividends payable To non
pmplOYCe holders of such stock snail never
rN,rpd ten per cent. in amount. the IN
cess. if any. shall he applied to surplus
| Said appparrr> further declared that III
addition to the passage OF the resolution
| JuthoriZin. the amendment to the chdr
| in m, ti,.nl1 hprpInhpfOrp
| Grated. they were also authorized, directed
| aud empowered to appear before Notary
| Public for tn" purpose OF carrying on'
| AMI giving effect to said amendment I.
/ the charter and having the same placed
! in proprr form and thereafter recorded
AID published. in conformity with eNl>t
Ing provisions of the law relating Their"
TO- all ~ will more fully and nj large ap
/ pear from the resolutions adopted nj sale
| stockholders meeting. copy WHEREOF
| duly certified, is hereto attached for rel
| Cr, pee.
| Said app.arrrS further declared that II
| conformity with the authority conferred
upOu item a. aforesaid. they haN" ap
| pp:r,.d before me, said Notary, for TN
purpo>,. OF having the amendment TO I'M
charter OF the corporation placed in au
| thrntic form. and do hereby declare tina
the charter of The New Orleans Picker!
| wa> III said meeting of the Stockholder
| amended changed aud altered in the par
ti,.ulHrs herrinbefOre set out. and tina
they now desire me, notary. TO receive AM
make said amendment according 10 law
10 serve aud avail the futur" Shai
Ter may require.
Thus done and passed at my office Il
th,. Itv of New Orleans. on the day
month End year first hereinabove VIII
ten ia the presence of Frances EiSler AM
Irnv>tina Woringcn, competent witnesses
who hrreunto sign their names. tosethe
with said appcarerS and me. notary, ate
due reading of the whole.
Ipriyinal il signed \. F. Pugh. chair
man: Jos. \. Airey, secretary.
| Ni;WSSpS.
! r. Ei~lpr.
| T.. v Oringru.
CHAS. +. FLETCHINGEE.
! Notary Public.
l. the undersigned. Recorder OF MOrl
! .agrs in and for the parish Of orlean
. I star. of Louisiana. do hereby certify tha
the above and foregoing Act OF Aheht
. mrnt to the charter Of The New orleaI
Pi~krry is this day duly recorded III III
office in book l2i2. folio
New Orleans. April III. 1870.
CSignedl EMILE ]. LEONARD. u. X.
] I hereby certify the above and foreg'
= ing TO IL, "A true and correct copy
he original act of amendment to u
q cha rt.r of The New Orleans Pickery. L
: ycther with certificate of the Recorder
= Mortgages thereto appended. a. the who
: now appears on file aud Of record IN D.
: office.
L As witness my hand and nOtarial 80
ut New Orleans, La, this, the l'th q;
Il of April. 1870. -
Notary Public.
"A | ~