The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
AMENDMENT TO CHARTER OF
CHALIN DRUG COMPANY,
INCORPORATED.

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,
tenth day Of January. One Thousand
Nine Hundred and Twenty, and OF the
Independence of the United STATES OF
America, the One Hundred and Forty
BEFORE NE,
GEORGE JOSEPH UNTEREINER a
Notary Public in and for the Parish or
Orleans, State OF Louisiana, duly COM
missioned, qualified and sworn, therein
residing and in the presence Of the wit
nesSes hereinafter named and undersign-
ed. PERSONALLY CANE AND AP-
PEARED;-JAC0B dpsER , ana MA a.
the late Louis +. Chalin, both of the fun
age Of majority, and residents OF this
City. the President and Secretary and
Treasurer of the Chalin Drug Company,
Inc corporation created under the laws
of the state of Louisiana with It's domi-
cile in the Parish Of Orleans incorporat-
ed by act passed before Albert Guilbauit
late Notary Public in this City on March
IS 1914 recorded In the Mortgage Office
Book 1ll9 at folio 40 as ammended by
act passed before Albert Guilbault late
Notary Public on December 18th. lyl4:
registered in Mortgage Office Book 1l27
at folio 697: who declared that in accord
| ance with the act creating said Corpora
| ton and In the act amendatory thereof
| a special meeting Of the stockholders OF
the above named Corporation was held
| at it's office No. 121 Decatur Street OF
this City after having given ten t10)
| days written notice to each person hold
| ing stock therein at their last known
place of residence for the purpose Of
poration at which meeting all persons
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 1914
| as amended before the same Notary OF
December 2sth. 1914, be amended so al
to read.
ARTICLE
The name and title of this Corpora
ton shall be the Chalin- Ipser Drug Com
pany Incorporated: and il shall have tn
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 100
years from March 18th. 1914 1t shall
have power and authority under its cor
porate name to contract, sue and be sued
| II
same to alter or destroy at pleasure: II
hold, receive, lease, purchase. sell, con
vcy pledge mortgage and hypothecat
its property. real, personal or mixed
to lend money on mortgage or other Sc
curity: to borrow money and secure IL
payment by pledge or mortgage of II
property, real, personal or mixed. T.
name and appoint such officers, direct
ors, agents and other employees as IL
interest may require: To make and IS
ali
lions as may be necessary or proper 70
the management and control of its bust
ness and to carry out the objects ant
purposes for which this Corporation wa
formed.
ARTICLE ".
The capital stock OF this Corporation
is hereby fixed at One Hundred Thou
sand 00OO0.00) Dollars; represented b!
one thousand shares Of the par value o
one hundred (s1O0.O0) dollars. All stock o
this Corporation shall be fully paid, non
assessable 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 stocl
shall be issued by the Secretary an,
Treasurer and be countersigned by tn
President No certificates shall be is
sued until the same shall have been flu,
ly paid In cash by services rendered o
by property or other assets transferre,
to the Corporation and accepted by tn
Board of Directors.
The Capital Stock OF this Corporation
shall be divided and treated in thre
kinds, viz
Seventy Thousand Dollars or seve
Hundred shares Of the Capital Stock o
this Corporation shall be preferred stoc
with guaranteed annual dividends herein
after stipulated. viz
: Three Thousand Nine Hundred Dollar
! or Thirty Nine shares of the preferre
, stock shall be known as Preferred stoc
"Ciass No. One" and shall be guarantee
an annual dividend of ten per cent o
!, its par value on each share payable an
: nually.
, The remaining Sixty-six Thousand On
; Hundred Dollars or Six Hundred an
One shares of the preferred stock sha
be known as preferred stock Class NJ
5 Two" and shall be guaranteed an annus
!. dividend Of Eight ts) per cent Of II
. par value.
The preferred stock Glasses One an
Two" shall have no vote In the electio
, Of directors of this Corporation. nor sha
! il have any voice in the control or manage
I ment OF its business, saving to the hold
/ er thereof the right only to examine tn
vation and protection of their interest,
r Thirty thousand Dollars or Thre
Hundred Shares OF the Capital Stock O
this Corporation shall be known a
certificates. subordinated in rank to tn
preferred stock and be entitled only Q
such dividends as the Board of Director
. may direct after payment Of the dividend
. on the preferred stock and the debts du
, by this Corporation at the end Of it's ifs
! cal year.
No stock shall be transferred on tn
books Of this Corporation. nor snail an
stakeholder therein be permitted to SCI
. his stock until he shall have offered tn
same to the Board of Directors, for tn
benefit of the Corporation, who sha
! have the right within ten Q0) days fror
stock offered at its book value: If tn
, stock offered be not purchased with
this delay by the corporation. tn
: right shall accrue to the stockholders OF
{ fering to sell same to the other stock
: holders or to strangers.
; Resolved further that the President an
the Secretary and Treasurer Of this Cor
! poration: be and they are hereby direct
ed to appear before George J. Untereinel
. Notary Public and put the foregoing resc
, lutions and amendments to the act Q
: Incorporation in legal form and to EN-
, body them In authentic act, to compl
, with the requirements Of law necessar
! to make them part Of its act of Incor
poration.
The whole as will more fully appea
} foregoing resolutions annexed hereto an
made a part Of this act.
Appearers further declared that by tn
foregoing resolutions they were empower
ed and directed to appear before me tn
; undersigned Notary cause an authenti
act to be drawn incorporating the fore
, going resolutions and carrying the sam
. into effect and that they now for and O
. behalf Of said Corporation declare tn