The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER.
And the said apucarers

said capacities, ana IN behalf OF said 90
poration. by virtue of the authoritvt oeof-
ferred upon them by the >torkL,Iis-SSO IN
Ihe said company on the 10Th 5ay VI
January, 1927, as will more fully ar,,, VI
by certified copy Of the r,>ol1tioTrr
adOuted at the said meeting Of fh. Ems
holders which Is annexed hereto. da.io.AA,,
that general meeting Of thr ,to,EbnISH
erS of the said We'll Gumiuu Sut,Iy Gu
pany was duly convened md held az ~
Offices of the said COMPANY IN the civ ns
New Orleans on the 10Th day Of J9nuarUUi
1921. for the purpose If considering, ~
making of certain changes and amend
mcnts TO the charter OF said ,omp8pT.
that at said meeting the SAID >r,..if'i''
crS unanimously voted To amend In. ,h.-
ter thereof. and 10 autEOriE. the said ~
bearers to come before ire. thp undsr
signed Notary Public. 20 preserve and on,
boy in due legal form, rlr said qctiop g
the stockholders. The said alu-ar.rs 90
cordingly further declare r..r they bovo
appeared before me. Notary Public und.s
the authorization aforesaid. .u~ The nm
pose of embodying IN proper and an.
thentic form the action oi -.- >frcEbCI
ers in altering and amending Article, Nv
and V of the charter OF rAr said couranv
so that said articles shall hereafter re1i
and be as follows:
ARTICLE IV-The capital stock Of this
corporation is hereby HN-d sr rvp bpn
dred and fifty thousand ,>--Uuupuu Jni
lars. consisting of twenty-five Lundr.I
shares of the par NaIu" uf one hundred
tSluO.00l dollars per share. All of fba
said stock shall be common stock STA
stock shall be paid for In ash or in
equivalent as provided by law. aud in >urb
manner and at such time and in such in
stallments as may be prescribed bv Tho
Board of Directors. All transfers of Cror.
shall be made ON the books of tie con-
panY on the surrender Of the out>tandin,
certificate and pursuant 10 such rules ms
the Board of Directors may prescribe. The
capital stock may be- increased or a.
this State. No stakeholder shall have mo
right to sell or otherwise dispose of bIs
stock without first Offering il % the otber
stockholders through the Board of m.
rectOrS. at its book value as determined Inv
the last annual statement: and the Other
stockholders or the Board for them in
proportion to their respective holdings
shall have the right to buy the same with,
in thirty days for cash all stock 10 be
held subject TO this provision and any
sale or disposition, pledge or encum
brance of said stock shall be subject
to the provisions of this charter The
Board of Directors shall have power 10
receive subscriptions for all stock NOT
subscribed for herein and 10 issue the
same upon the payment as aforesaid but
all such stock or any increase Of the capi.
tai stock must first be offered TO the own
ers of stock at the time of such issuance
in proportion to their respective holdings.
No transfer of stock whatsoever shall he
binding upon this corporation until and
ARTICLE V-An the corporate powers
of this corporation shall he vested in and
the business and affairs shall be managed
| by Board of three directors. 10 be
elected annually on the first Monday Of
January of each year. All such elections
shall be held by ballot ut the office of the
company under the supervision Of two
commissioners TO be appointed by the
Board of Directors.
Notice of such meetings shall be given
by the Secretary in writing, delivered 10
each stakeholder in person or mailed 10
his last known address at least five DAYS
prior to such election. or by one publica-
ton in daily newspaper of this city at
least five days prior to such election: but
this notice may be waived by all Of the
stockholders.
At all elections and at all meetings of
the stockholders. every stakeholder shall
| be entitled to one vote for each share of
stock standing in his name on the books
of the company, at the date OF said cleo
ton or meeting; said votes to be cast in
person or by written proxy. and The ma
JOrity Of the votes cast shall eject. ANY
vacancies occurring among the directors
for any cause shall be filled by the re-
naming directors. The failure TO elect
directors at the annual meeting shall not
dissolve nor affect the corporation, nor
impair its management in any respect, but
the directors in office shall remain in Of
flee until their successors are elected and
qualified.
The Board of Directors shall elect as
soon as possible after their own election,
from among their own number a president
and a vice president-treasurer. and shall
also elect a secretary who need not be a
member of the Board.
The Board of Directors may from time
to time name and appoint all such officers,
agents, servants and employees as they
may deem necessary for the purpose OF
the corporation. They shall nave the pow
70 fix and dafnn fha dnfiaa nf
officer. agent, servant and employee. All
agents, servants and employees shall hold
Office at the pleasure Of the Board of Di-
rectors, unless otherwise specified by con-
tract. The Board of Directors may make
and establish, as well as alter and amend
all bylaws, rules and regulations neces-
sary for the management of the business
and affairs of the corporation.
Thus done and passed at my office in
the City Of New Orleans. State OF Lou
isiana. In the presence of Messrs. Eldon s.
Lazarus and George W. Simons. compe-
tent witnesses, who hereunto sign their
names with the said appearers and me.
Notary. on the day and date first above
written. after due reading Of the whole.
ORIGINAL SIGNED:
NJ. G. WE'LL.
JAKE H. GUTMANN.
Vice President.Treasurer.
Witnesses: Eldon S. Lazarus, George W.
Simons.
HERBERT S. WE'LL.
Notary Public.
/, the undersigned. Recorder of Mort
cages, in and for the Parish Of Orleans,
State Of Louisiana. do hereby certify that
the above and foregoing act of Amend
ment OF the Weil-Gutmann Supply Com.
pany. was this day recorded in my ONCE
in book 1246. folio -. New Orleans, Jan.
uary 13. 1921.
(SIGNED) ROBT. SCOTT.
by. Rec.
HERBERT s. WE'LL.
Notary Public.
Jan. 20-Feb. "a.