The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15
CHARTER.
AMENDMENT OF CHARTER JEEFER-
SON sHIPBUILDING CO., INC.

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans, BE it known that on this 18th day
OF August, in the year of our Lord one
thousand, nine hundred and twenty -ont
ana of the Independence of the United
States of America the one hundred and
40. ty-Tifth. before me, Rudolph j. Vein
mann, a notary public duly commissioned
sworn and qualified in and for the Parish
Ot orleans, State of Louisiana, and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared, V. p. Baham, president
norman Baham, secretary, herein appear
ing in their respective capacities of preSi-
uent and secretary of the Jefferson Ship
Dulldlng Co., Inc, a corporation organized
and doing business under the laws of the
,,e OF Louisiana, incorporated by act
before Augustus q. Williams, notary pub
lie, of this city on April 9Th, 1919, recorded
~ the Parish of Orleans, in mortgage Of
flee book 1881 folio 81 who declared that
.ing In their said capacities, and further
by virtue of ana pursuant to a resolution
adopted by more than two-thirds of the
outstanding stock of the aforesaid COM
pany, at meeting duly called and held
al the Office OF the company on March 18th,
1921, a copy of the minutes of said stock,
holders meeting being annexed to this act
and by reference made part hereof,
90 hereby and by these presents,
In accordance with the authority granted
them amend Article III of the charter of
the Jefferson Shipbuilding Co., so that the
said Article Ill shall hereafter be and read
follows:
ARTICLE III-The capital stock of this
corporation is hereby fixed at fourteen
thousand dollars ($14,0OO.OO) divided into
one hundred and forty (14O) shares of a
denomination of one hundred dollars
($lOOOO) each, payable in cash at such
times as may be determined by the board
of directors
The capital stock Of this corporation
may De increased to one hundred thousand
dollars (s1O0,OOO.OO).
This corporation is to be a going concern
as soon as twenty-five hundred dollars
tS2.5OOO) shall have been subscribed for
ana twelve hundred and fifty dollars
HL2JO.OO) shall have been paid in.
All transfers of stock of this corporation
snail be entered in the stock book and no
transfer of stock shall be, in any manner
binding on this corporation, unless so re-
corded In the stock book.
NO stakeholder shall have the right to
sell his stock on the market without hav-
ing Offered it in writing at its book value
10 the directors Of this corporation twenty
t2OD days previous to the contem plated sale
OF said stock and if the directors of this
corporation, when said stock is offered to
taem at its book value, desire to buy it.
purchase shall be made on behalf of the
corporation, and the stock shall then and
tIere become treasury stock 60 be disposed
OF as the board of directors shall deter
mine.
notice of the obligation so to offer
the stock Of the corporation shall be print
ed across the face of the certificates of
stock.
The whole of the foregoing Article III
being In accordance with resolution con-
talned In the minutes of the stockholders
meeting, copy of which minutes is above
referred to as, and being, hereto attached
Thus done and passed in my Office in the
ny OF New Orleans on the day and in the
~onth and year first herein written, in the
presence Of III. ALBERT and Mrs. b. E. Nc
lonald, competent witnesses, who have
SlT1ed these presents together with the
sara appearers, and me notary, after due
"g of the whole.
witnesses: II. ALBERT. Mrs. B. E. Nc
Original signed) v. P. Baham, Nor
man Baham.
RUDOLPH ]. wEINMANN.
Notary Public.
true copy.
RUDOLPH J. wEINMANN.
A,u o-c Notary Public.