The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-12
AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
moor
STATE OF LOUISIANA.

AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
INCORPORATED.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
BE 1T KNOWN That on this the Nine,
teeuth day of January, One Thousand
Nine Hundred and Twenty, and OF the
Independence OF the United states OF
America. abe One Hundred and Forty
Fourth.
BEFORE ME,
GEORGE JOSEPH UNTEREINER a
Notary Public in and for the Parish OF
Orleans State of Louisiana, duly COM
missioned. qualified and sworn, therein
residing and in the presence OF the wit
nesses hereinafter named and undersisn'
ed. PERSONALLY CAME AND AP-
PEARED:-JACOB IPSER and MA
the late Louis +. Chalin, both of the full
age of majority and residents Of this
City, the President and Secretary. and
Treasurer of the Chalin Drug Company,
! Inc. a corporation created under the laws
of the state of Louisiana with Its domi-
cile 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 Office
for the Parish of Orleans in Mortgage
Book 1ll9 at folio 40 us ammended by
act passed before Albert Guilbault late
Notary Public on December 18th. lol4
registered in Mortgage office BOOK liz
| at folio go who declared that in accord
ance with the act creating said Corpora
| ton and i'm the act amendatOry Thereon
| a special meeting of the stockholders OF
the above named Corporation was held
nj its office No. 12l Decatur Street OF
this city after having. given ten tlo)
| 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
| trh
! holding common stock of the above nam
| ed Corporation were present The follow
| ing resolutions were presented and unani
mously adopted, viz
| Resolved that Articles ONE and FOUR
of the act creating this Corporation. pass
I'd before Albert Guilbault late Notary
| Public in this City on March 18th. l9li
as amended before the same Notary on
December 18th. 1914. be amended so a.
/ to read.
| ARTICLE Il
The name and title of this Corpora
iion shall be the Chalfn Ipser Drug Com
/ pany Incorporated: and il shall have tbs
| right to abbreviate the term. Incorporat
ed by using the term Inc, in its plac'
| and stead: II shall have and enjoy Cor
| porate existence for ninety-nine t'D
years from March 2sth. 1914 IL shall
| have power and authority under its cor
porate name to contract. sue and he sued
| To make and use Corporate seal. thu
| same - alter or destroy at pleasure: II
| hold receive, lease. purchase. SELL con
| ypy pledge mortgage and hyp0thecat'
\ its property real. personal or mixed
| to lend money on mortgage or other Sc
| eurity: to borrow money and secure IT,
payment by pledge or mortgage of IL
1 property, real. personal or mixed. II
name and appoint such officers, direct
\ ors. agents and other employees as it,
| interest may require: To make and es
tablish such bylaws, rules and regula
tions as may be necessary or proper To-
al NJ md nf It's nSi
ness and to carry out the objects an'
purposes for which this Corporation wa
| formed.
| ARTICLE Nv.
| The CAPITAL stock of this Corporation
is hereby fixed at One Hundred Thou
sand $500 OO0.OO) Dollars: represented b!
one thousand shares of the par value o
one hundred (x100.O0) dollars. All stock o
this Corporation shall be fully paid. non
asscssable and shall be evidenced b,
stock certificates showing on their fac
its character and class with the fixe,
} and guaranteed dividends to which
may be entitled; all certificates Of stoc
shall lie issued by the Secretary an
Treasurer and be cOuntersigned by tn
President. No certificates shall be Il
|. sued until the same shall have been fur
by paid In cash by services rendered o
. by property or other assets transferre
10 rhe Corporation and accepted by til
Board of Directors.
The Capital Stock Of this CorpOratio
shall be divided and treated in thre
T kinds, viz
seventy Thousand Dollars or SIEVE
/ Hundred shares Of the Capital Stock q
1 this Corporation shall be preferred stoc
\ with guaranteed annual dividends hereir
after stipulated. viz
Three Thousand Nine Hundred Dollar
or Thirty Nine shares of the preferre
\ stock shall be known as Preferred Stoc
. Glass No. One" and shall be guarantee
an annual dividend of ten per cent o
4 its par value on each share payable al
|, nually.
: The remaining Sixty-six Thousand or
, Hundred Dollars or Six Hundred an
:. One shares OF the preferred stock sha
! be known as Preferred stock Class n
: Two" and shall be guaranteed an annu
: dividend of Eight (s) per cent of Il
!. par value.
!, The preferred stock Glasses One an
Two" shall have no vote in the electio
. Of directors Of this Corporation. nor sha
4 1t have any voice In the control or manag
: ment of it's business, saving to the hoi,
Z OF thereof the right only to examine Il
: books from time to time for the prese
: walton and protection OF their interest
. Thirty Thousand Dollars or Thr'
. Hundred Shares of the Capital Stock
J. this Corporation shall be known
: Common Stock" so designated on Il
: certificates. subordinated in rank to Il
preferred stock and be entitled only
n such dividends as the Board of Director
i may direct after payment of the dividen,
: on the preferred stock and the debts d,
{ by this Corporation at the end of its fl
q cal year.
q No stock shall be transferred on Il
books Of this Corporation. nor shall an
7 | stakeholder therein be permitted to sc
: his stock until he shall have offered Il
!. same to the Board of Directors. for q
u benefit of the Corporation. who sha
have the right within ten t10) days fro
e the date of said offer to purchase Il
d stock offered at its book value: If Il
n this delay by the corporation. Il
n fight shall accrue to the stockholders o
e fering to sell same to the other stool
I holders or TO strangers.
= Resolved further that the President ar
!, the Secretary and Treasurer of this Co
!, poration: be and they are hereby direc
. ed to appear before George ]. Untereine
= Notary Public and put the foregoing res
: lutions and amendments to the act
y Incorporation In legal form and to en-
, hody them In authentic act, to comp
: with the requirements of law necessaI
: to make them part Of its act Of Inco
" poration.
]. The whole as will more fully appe,
e by reference to a certified copy of Il
o foregoing resolutions annexed hereto an
; made part of this act.
Appearers further declared that by Il
i foregoing resolutions they were empowe
!, ed and directed to appear before me Il
Il under signed Notary cadse an authent
+ act to be drawn incorporating the for
I, going resolutions and CARRYING the san
+ into effect and that they now for and I
e behalf Of said Corporation declare h
, original act of Incorporation passed
, fore Albert Guilbault late Notary Pu