The herald., 1920-04-29

State of Louisiana. Parish of Orleans.
city of New Orleans. He ii known that
on this 18th day of the month of April
in the year of our Lord nineteen hun
dred and twenty, and of the Independence
of the United States of America, the one
hundred and forty fourth. before me.
Charles +. Flctchinger, Il notary public,
duly commissioned and qualified in and
for the city. parish and state aforesaid.
therein residing. and in the presence of
the witnesses hereinafter named and I'M
derSignrd. personally came and appeared
Christopher j. O'Reilly and Joseph II.
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
aud existing under the laws of the state
of Louisiana. by act passed before the
undersigned notary public of date May
~. 1919 and recorded in the Mortgage Of
fic" for this parish in book 1l2S. folio
80. which said appearerS severally de-
clarrd that Il meeting of the stockholders
of Sazerac Company. Inc. was duly held
and conveRed at the office of said com
pany in the city of New Orleans on April
-. 1920 pursuant to notice to each of the
stockholders and after compliance with
all legal requisites at which meeting there
Were present in person the holders OF all
of the issued and outstanding stock of
the corporation. and that upon motion
unlN Ilaut anu StNOHufu " WIS uHdHi-
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
this corporation il hereby fixed at the
sum of twenty five thousand (S2J.OOOD dol
lars. divided into two hundred and fifty
(2I0D shares of the par value of one hun
dred (SlOO) dollars each. all of which
shall be- common stock, and the amount
II ~. L..
creased is hereby fixed at the sum of
SlJOOOO: said stock shall be issued only
for cash or in payment of property or
services actually received by or rendered
to said corporation: said stock shall he
fully paid mt the time of its issuance and
thereafter be worcestershire.
"The parties to this act hereby de-
clared 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
act of Incorporation shall serve as the
original subscription. No present or flu
turp stakeholder of this corporation shall
ever sell. assign or transfer. other than
by Inheritance. any of the capital stock
of this corporation. until the same shall
have been first offered to the remaining
stockholders for the benefit of those
stockholders who may desire to pur-
chase the same. through the board of di-
rectors for period of ten days. at the
book value of such stock as shown by
the books of the corporation on the 3Oth
day of June preceding the date of such
offer. 1t shall he the duty of the board
Of directors promptly. upon receiving an
offer of sale. of any of the capital stock
of this corporation, to communicate the
same to the stockholders. in writing.
through the secretary of the company, and
each of the said stockholders shall be en-
titled to purchase such proportion of the
stock so offered for sale as the number
of shares owned by him bears to the
number of shares owned by all other
stockholders desiring to participate In the
purchase. No sale under foreclosure.
pledge or hypOthecatiOn shall be validity
made until the foregoing requirements
have been complied with by the person
or persons. firm or corporation provoking
such foreclosure or sale. The board or
directors shall have authority. however.
to waive the above requirements as to
any particular hypothecation or pledge
Of stock. by resolution adopted at reg
ular called meeting OF the board. or n
meeting attended by all the members of
the board of directors. such resolution
being adopted in advance of the pledge
or hypothecation."
Said appearers further declared that
ton authorizing the amendment to the
charter in the particulars hereinbefore
enumerated they were also authorized. di
rected and empowered to appear before a
notary public. for the purpose Of carrying
out and giving effect to said amendment
TO the charter. and having the same placed
In authentic form and thereafter recorded
and published. in conformity with the ex-
isting provisions Of the law relating there
TO. all as win more fully and at large an
pear from the resolutions adopted at said
stockholders meeting. q copy whereof.
erence.
said appearers further declared that,