The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-26
w. MORGAN GCRLEY.
NAfar- Dtthlin
Nav l2-,June 10
METTE OIL & REFINING COM
PANY, INC.


METTE OIL REFINING COM
PANY, INC.
United States of America, State Of Louis
| lana. Parish of Orleans. Be il known,
that on this 3rd day of the month Of May,
| in the year of our Lord one thousand nine
hundred and twenty-one and of the indie
dendence of the United States of America
| the one hundred and forty-fifth, before
me, Watts X. Leyerich, a Notary Public,
duly commissioned and qualified, in and
for this City and the Parish aforesaid
! therein residing, and in the presence of
| the witnesses hereinafter named and I'M
dersigned, personally came and appeared
Felix p. Vaccaro, and II. 2. Batson, here
! in appearing in their respective capacities
as the duly authorized Chairman and Sec
rotary of meeting of the Stockholders
of the Chalmette Oil & Refining Company,
| Inc, a corporation organized under the
] Jaws of this State by act passed before
/ the undersigned Notary, on the 22nd day
| of January. 1921, as Will more fully appear
| by reference to a certified copy of the
| Minutes of said meeting hereunto annexed
| for reference;
! WHO DECLARED, That at a meeting
! of the stockholders of said Corporation,
held pursuant to a call of the Board of
| Directors and likewise pursuant to the
| unanimous consent of all the stockholders
ut the office of the Company, in the City
! of New Orleans. on the Bird day of May,
\ ltZI. IL was Unanimously NOIeu Dy vote
of all the outstanding capital stock of
| the company to amend Article ", so as
! to provide that the presently authorized
capital stock of the Company should be
| fixed at the sum of Two Hundred Fifty
Thousand (S25O0OOOO) Dollars, divided
| into and represented by Two Thousand
Five Hundred (2.5O0) Shares of the par
value of One Hundred (S100OO) Dollars
ticle Nv TO remain unchanged, so that
| the said Article ~ shall hereafter read
and be as follows:
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum
Of Two Hundred Fifty Thousand $3.50,
0OO.00l Dollars, divided into and repre-
sented by Two Thousand Five Hundred
t2.5OO) shares of the par value of one
hundred (s1OO.O0) dollars per share. The
| amount of the said stock may be increased
to Ten Hundred Thousand Isl 600 0O0.0O)
Dollars. No transfer of stock shall be
binding upon the Corporation unless made
and recorded upon its books. No stock
holder shall have a right to transfer or
convey any of his or her stock IN the cor
poration unless and until he or she shall
have first made written offer to the
other then stockholders of the corporation,
and to the corporation itself, to sell his or
! her stock to them at the book value
thereof. Book Value" as used herein
is hereby defined to mean the value at
which the assets and liabilities of the cor
pOration have been in good faith entered
upon it's books. Such written offer shall
be addressed to the other then stockhold-
ers, and to the corporation itself. col
lectively, and shall be delivered to the
office of the corporation not less than ten
days prior to the application for transfer
or the stock. The corporation shall trans
NIT this offer to the respective then stock
holders. and the stock of the stakeholder
desiring to sell shall be distributed pro
rata among such of the other stockhold-
ers as desire to purchase, in the propor-
lions in which the holdings of the stock
holders DESTROYS of purchasing bear to
each other: and IL the total which such
other stockholders desire to purchase is
less than the total offered for SALE then
after each Of the other stockholders shall
have taken and paid for the amount of
stock which he or she desires to buy and
to which he she is entitled then the
remainder undertaken shall be open for
purchase by the corporation itself; and
unless prohibited by law, the corporation
may itself use and apply its surplus earn
ings or accumulated profits to the pur-
chase from any stakeholder desiring to
sell OF any portion of that stockholders
stock which none Of the other stockhold-
ers may desire to acquire at the book value
thereof; provided, that the corporation
shall not apply any of its capital to the
purchase Of such stock but shall always
maintain its capital unimpaired. The cor
poration shall have the right to refuse to
transfer any stock so long as the share
holder demanding the transfer is in any
way indebted to the corporation. and the
corporation shall have lien, pledge and
privilege on each share Of stock to secure
any Indebtedness due by the shareholder
to the corporation. Should any of the
stock offered for sale be not desired by.I
the other stockholders. and should the
corporation itself be unwilling or unable
to purchase any of the same out of its
surplus earnings, within ten days from
the receipt at the corporations office of
the written offer to sell. then. and then
only shall the shareholder desiring to
sell be entitled to transfer such undesired
portion Of the stock to such person or
persons. and at such price as he or she |
ticle shall be printed upon the face of
each certificate of stock issued by the |
corporation and shall be binding upon |
every person now. or hereafter becoming, |
whom agree to the provisions hereof and |
take such stock subject thereto; and all |
pledges, hypothecations or other incum- |
ORANGES Of said stock, or dealings with |
regard thereto, shall be subject to the |
provisions hereof.
And the said Appearers declared that |
they appeared before me, Notary, in or |
der that said amendment might be estab- |
iished and recorded, as provided by law. |
Thus done and passed, in my office. at |
New Orleans. Louisiana, on the day. month |
and year herein first above written, in |
the presence Of 8. D'Antoni and Monte M |
Lemann, competent witnesses, who here |
unto sign their names with the said ap- |
pearers, and me, Notary, after reading Of |
the whole.
Witnesses: s. D'Antoni, Monte NJ.
Lemann.
(Original Signed) Felix P. vaccaro, R.
p. Batson.
WATTS K. LEvERICH,
"a 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 FORGING Act Of Incorpora-
ton Of the Chalmette Oil & Refining Com.
pany, Inc, was this day duly recorded
In my office in book 1883 Folio -.
New Orleans, May -, 1921.
ROBT. SCOTT, Dy. r.
true copy.
WATTS K. LEvERICH,
NJ, Notary Public.