The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-19
AMENDMENT TO CHARTER OF CHAL-
METTE OIL & REFINING COM
PANY, INC.

PANY, INC.
United States of America, State Of Louis
| iana Parish of Orleans. Be ii known,
that on this 3rd day of the month of May,
in the year of our Lord one thousand nine
hundred and twenty and Of the 1nde-
dendence of the United States of America
the one hundred and forty-fifth, before
me, Watts h. Leverich, 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 Il. VaccarO, and X. p. 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
laws 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 meeting
of the stockholders of said Corporation
held pursuant to 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, II was unanimously voted by a vote
OF all the outstanding capital stock OF
| the company to amend Article ", so as
/ TO provide that the presently authorized
| fixed at the sum of Two Hundred Fifty
! Thousand (S250,O0000) Dollars. divided
| into and represented by Two Thousand
Five Hundred (2,500) Shares of the par
value of One Hundred $4,000 Dollars
| per share, the remaining provisions of Ar.
| ticle ~ 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
OOOOOl Dollars, divided into and repre-
scented by Two Thousand Five Hundred
| t2,5OO) shares of the par value of on,
hundred (Sl00.O0) dollars per share. The
/ amount of the said stock may be increased
! to Ten Hundred Thousand $4,000. 900 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 a 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 yalue
thereof. Book Value" as used herein
Is hereby defined to mean the value al
which the assets and liabilities of the cor.
poration have been in good faith entered
upon its books. Such written offer sbs N
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
nit this offer to the respective then stock
holders, and the stock of the stockholder
desiring to sell shall be distributed pro
rata among such of the other stockhold-
ers as desire to purchase, in the proper
tions 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 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 yalue
thereof: provided, that the corporation
snali not apply any of its capital to the
purchase of such stock but shall always
maintain its capital unimpaired. The cor.
porat1on 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
tine written offer to sell, then, and then
only. shall the shareholder desiring To
sell ne entitled to transfer such undesired
Portion of the stock to such person or
persons, and at such price as he or she
may see mt; The provisions of this ar
ticle shall be printed upon the face of
each certificate of stock issued by the
corporation and shall be binding unon
every person now, or hereafter becoming.
stockholder in this corporation, all OF
whom agree to the provisions hereof and
take such stock subject thereto: and ali
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 |
.ney appeared before me- Notary in or. |
der that said amendment might be estah- |
lshed and recorded, as provided by law. |
:; thus done and passed. in my office. AT |
view orleans, Louisiana, on the day. month |
md year herein first above written, In |
me. presence OF ). D'Antoni and Monte NJ |
Lemann, competent witnesses who here
into sign their names with the said an |
he whole. VI
witnesses: s. D'Antoni, Monte N.
Lemann.
, Original Signed) Felix p. Vaecaro. r.
?. Batson. ="
WATTS K. LEvERICH,
Notary Public.
L, the undersigned Recorder of Mort
RACES, In and for the Parish of Orleans.
state OF Louisiana. do hereby certify that
ne above and forging Act of Incorpora-
I lon oi tne Chaimette Oil & Refining Com
,any, Inc, was this day duly recorded
n my office in book 1853, Folio -.
New Orleans, May --, 1921.
ROBT. SCOTT, by. r.
A true copy.
WATTS K. LEvERICH.
No. 20 Notary Public.