The herald., 1921-06-16
May 12-June 16.
METTE OIL & REFINING COM
PANY, INC.


lana, Parish of Orleans. Be 1t known,
that on this Ord day of the month of May,
i'll the year of our Lord one thousand nine
hundred and twenty-One and of the hide
dendence of the United States of America
the one hundred and forty fifth, before
me. Watts X. Leverich, 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 L. NaccarO, and Il. 7. BatsOn, here
in appearing in their respective capacities
as the duly authorized Chairman and Sec
rotary Ssf meeting of the Stockholders
of the Chalmette Oil & Refining Company
Inc, a corporation organized under the
flaws 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 hcreunto 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, Ii 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 be
| Thousand $3.50, 000O0) Dollars, divided
into and represented by Two Thousand
Five Hundred (2,5OO Shares of the par
value of One Hundred (S1O0OO) 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
I hAlIn Il sraA AN sW.Nn
sented by Two Thousand Five Hundred
| (2,5O0) shares of the par value of one
hundred (Sl00.O0) dollars per share. The
amount of the said stock may be increased
| to Ten Hundred Thousand $1,000, OOOQO)
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 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 value
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 shall
j be addressed to the other then stockhold
Yers, 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 stakeholder
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 e
each other; and IL the total which sucf
other stockholders desire to purchase Il
less than the total offered for sale, then
lnfAl Anah NJ IA nNh hos CD hAlI Ia1
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 thu
remainder undertaken shall be open fOl
purchase by The corporation itself; anC
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 4
sell of any portion of that stakeholder
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 tn
purchase OF such stock but shall Away
maintain its capital unimpaired. The cor
poratiOn shall have the right to refuse Il
transfer any stock so long as the share
holder demanding the transfer Is In an!
way indebted to the corporation. and tn
corporation shall have lien, pledge ant
any indebtedness due by the sharehOlde
to the corporation. Should any of tn
: stock offered for sale be not desired b,
: the other stockholders. and should tn
corporation itself be unwilling or unabl
, to purchase any of the same out OF IL
surplus earnings, within ten days iron
the receipt at the corporations office o
the written offer to sell. then. and the
only shall the shareholder desiring I
! sell be entitled to transfer such undesire
| portion Of the stock to such person o
persons. and at ssch price as he or sh
, may see fit. The provisions Of this al
ticle shall be printed upon the face o
J each certificate of stock issued by tn
corporation and shall be binding upo
; every person now, or hereafter becoming
a stakeholder in this corporation, all o
whom agree to the provisions hereof an
take such stock subject thereto; and a
Z pledges, hypothecations or other incum
brances of said stock, or dealings wit
) regard thereto, shall be subject to th
4 provisions hereof.
) Afd the said Appearers declared tina
they appeared before me, Notary, In OF
, der that said amendment might be estat
J lished and recorded, as provided by Law
Thus done and passed, In my office,
9 New Orleans, Louisiana, on the day, mont
and year herein first above written,
the presence of s. DAntoni and Monte
7 Lemann, competent witnesses, who hers
4 unto sign their names with the said ar
J bearers, and me, Notary, after reading
e the whole.
q witnesses: s. D'Antoni, Monte J
4 Lemann.
n Original signed) Felix P. vaccaro. ]
> WATTS K. LEvERICH,
Notary Publ
A L the undersigned Recorder Of Nor