The herald., 1921-06-02
AMENDMENT TO CHARTER OF CHAL-
METTE OIL REFINING COM
PANY, INC.

a
PANY, INC.
United States of America, State of Louis
lana Parish of Orleans. BE 1t 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 lnde-
dendence of the United States OF America
the one hundred and fOrty-fifth, before
me- Watts X. Leverich, Notary PuDnc,
duly commissioned and qualified, in ana
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 Z. VaecarO, and II. Z. Batson, here
in appearing in their respective capacities
as the duly authorized Chairman and Sec
retary of a meeting of the Stockholders
of the Chalmette Oil & Refining Company,
Inc, corporation organized under the
Jaws of this State, by act passed before
the undersigned Notary, on the IND day
of January, 1921, as will more fully appear
by reference to a certified copy OF the
Minutes of sid 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
at the office of the Company, in the City
of New Orleans, on the 3rd day of May,
1921, it was unanimously voted by 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 DE
fixed at the sum of Two Hundred Fifty
Thousand $3.50, 100000 Dollars, divided
into and represented by Two Thousand
Five Hundred (2,500) Shares of the par
value of One Hundred (S1OOOO Dollars
per share, the remaining provisions of Ar
ticle " to remain unchanged, so that
the said Article " shall hereafter read
and be as follows:
corporation is hereby fixed at the sum
of Two Hundred Fifty Thousand $3.50
OO0o0) Dollars, divided into and repre-
sented by Two Thousand Five Hundred
hundred (S1OOOO) dollars per share. The
amount of the said stock may be increased
to Ten Hundred Thousand (S1.Oo0.OO0.OO)
Dollars. No transfer of stock shall be
binding upon the Corporation unless made
and recorded upon its books. No stock
holder shall have 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
ether then stockholders of the corporation,
and to the corporation itself, to sell his or
her stock to them at the book value
is hereby defined to mean the value at
which the assets and liabilities of the cor
poration have been in good faith entered
upon its 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
OF the stock. The corporation shall trans
init 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 proper
tons in which the holdings of the stock
holders DESTROYS of purchasing bear to
each other: and IL the total which such
lAfh h.. -InIl
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 or 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
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
ha cd ~ IL
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
stakeholder in this corporation. ali Of
whom agree to the provisions hereof and
take such stock subject thereto; and all
pledges, hypothecations or other incum-
brances 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-
lished 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 s. D'Antoni and Monte NJ
| Lemann. competent witnesses, who here
unto sign their names with the said ap-
bearers, and me, Notary, after reading of
the whole.
Witnesses: s. DAntoni, Monte NJ.
| Lemann.
Original signed) Felix P. vaccaro, R.
p. Batson.
! WATTS X. LEvERICH.
Notary Public.
I, 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 1858, Folio