The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
.Arr. - May -
AMENDMENT TO CHARIER OF >AZ
ERNC COMPANY, INC.

State of Louisiana. Parish of Orleans.
City of New Orleans. BE il known mat
on this 18th day of the month OF Aprll
in the year of our Lord nineteen nun
bred and twenty, and of the independence
of the United States of America. the ahe
hundred and fOrty-fourth, before me-
Charles +. Fletchinger, notary pubnc,
duly commissioned and qualified IN anu
for the city, parish and state atoresalu,
therein residing, and in the presence OF
the witnesses hereinafter named and un-
dersigned. personally came and appeared
Christopher j. OReilly ana Joseph IL.
Martinez. bOtn of lawful age ana 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. Il corporation organized
and existing under the laws of the state
of Louisiana, by act passed before the
undersigned notary public OF date May
70 1919 and recorded in the Mortgage OF
flee for this parish in book IFS: 1ono
80. which said appearers severally de
clared that, a meeting of the stockholders
of Sazerac Company, Inc, was duly heln
and convened at the office of said com
pany in the city of New orleans on April
IL 1920 pursuant to notice to each OF lhe
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 mOtlol
| duly made and seconded II was unanl-
| mOusly resolved that Article ~ OF the
| charter of said corporation he changed
! altered amended and re-enacted so as 10
/ hereafter read as follows, to-wit:
| ARTICLE ". The capital stock of
| this corporation il hereby fixed at the
| sum of twenty five thousand S.oVVV) uol-
lars divided into two hundred and fifty
| ,oJ,O shares of the par value OF one nun
| dred CSlO0) dollars each, all OF which
shall be common stock. and the amount
to which the capital stock may be IN,
| creased is hereby fixed at the sum ol
$50 900; said stock shall be issued only
| for cash or in payment OF property Oh
| services actually received by or rendered
TO said corporation: said stock shall ID
fully paid at the time of its issuance ah'
thereafter be non aSSesSable.
THE parties to this act hereby de
cIared that they have subscribed for IN,
number of shares of the capital stoci
of said corporation set opposite their res
! pectiye signatures hereto, so that TN
act of incorporation shall serve as tn
oriyinol substitution. No present or fu
turc stakeholder Of this corporation shal
ever sell assign or transfer. other thal
: by inheritance. any OF the capltal stoc
: of this corporation. until the same shal
have been first offered TO the remainln
. stockholders for the benefit of thos
stockholders who may desire to pur
, chase the same. through the board OF al
l rectors for n period of ten days, at IN
, the books of the corporation on the oot
day of June preceding the date of sue
, offer. 1t shall he the duty OF the boar
of directors. promptly, upon receiving n
offer Of sale. of any of the capital stoc
Of this corporation, to communicate W
same to the stockholders, in writing
, through the secretary of the company, an
: each OF the said stockholders shall be eI
u titled to purchase such proportion or tf
u | stock so offered for sale as the numD'
. of shares owned by him bears to u
y | number of shares owned by all oth'
), stockholders desiring to participate in Il
u | purchase No sale under foreclosur
e pledge or hypotheeation shall be valid
u made until the foregoing requirement
!: have been complied with by the perso
= such foreclosure or sale. The board
y directors shall have authority, howeve
. to waive the above requirements as
: any particular hypothecation or pled'
! Of stock. by resolution adopted at re-
ular called meeting Of the board. or
meeting attended by all the members
! the board Of directors. such resoluti'
i being adopted in advance Of the pledi
n or hypothecation."
9 Said appearers further declared IN
a in addition to the passage OF the resol
10 ton authorizing the amendment to q
% charter in the particulars hereinbefo
A enumerated they were also authorized.
a rected and empowered to appear before
" notary public. for the purpose OF carryil
,a ont and giving effect to said amendme
j. TO the charter and having the same plac
o. in authentic form and thereafter record
II and published. In conformity win tne
ar listing provisions of the law relating ther
al 10. ali as will more fully and at large
"a near from the resolutions adopted at So
e ockholders' meeting. copy where'
of duly certified, is hereto attached for n
p ereuce. A.,