The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
AMENDMENT TO CHARTER OF THE
CHALMETTE OIL AND RE-
Filming co INC. .
Feb. 2-Mch. o


State of Louisiana, Parish or Orleans.
Be 1t known that on this 18th day of the
month of January, in the year Of our
Lord, one thousand nine hundred and
Se EnteG s States of Of he hs on o
hundred and forty-sixth, before me-
WATTS X. LEvERICH, Notary Pub
lie, duly commissioned and qualified in
and for this city and the parish and
state aforesaid, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared Lucca Vaccaro and r. p.
Batson, herein appearing in their re-
spectiye capacities. as the duly author
lied Chairman and Secretary at a meet
ing of the stockholders of the CHAL-
METTE OIL AND REFINING CO., INC,
a corporation organized under the laws
Of this state, by Act passed before the
undersigned Notary Public on the 22nd
day of January, 1921. and amended by
Act before the undersigned Notary Pub
lie on May 3, 1921, as will more fully
appear by reference to a certified copy
annexed for reference, who declared thas
at a meeting Of the stockholders of the
said corporation legally held pursuant
to call of the Board of Directors at the
office Of the company in the city of New
Orleans on the 18th day Of January, 1922.
it was unanimously voted by all Of the
stock present and represented at said
meeting, to-wit: 1850 shares out of
so as to provide that the presently au-
thorized capital stock of the company
should be fixed at the sum of Five Hun
dred Thousand Dollars C$5Oo; OOO.00),
thousand $4,000 shares of the par value
of One Hundred Dollars ($100.O0) per
share, the remaining provisions of Article
w to remain unchanged, and to amend
Article Of the charter of said company
so as to provide a Board of Directors Of
not less than seven nor more than eleven
directors, instead of a Board consisting
Of from five to seven directors. the re-
naming provisions of Article V to re-
main unchanged, so that said Article Nv
and said Article V shall hereafter read
and be as follows:
ARTICLE Nv. "The capital stock Of
this corporation is hereby fixed at the
sum of Five Hundred Thousand Dollars
$500 900 OO), divided into and represent
ed by FIVE thousand 5000 shares Of the
par value of One Hundred Dollars
(sl00.00) per share. The amount of said
stock may be increased to Ten Hundred
transfer of stock shall be binding upon
the corporation unless made and record
ed upon it's books. No stakeholder shall
have a right to transfer or convey any
of his or her stock in the corporation,
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 at which the
assets and liabilities of the corporation
have been in good faith entered upon its
books. Such written offer shall be ad-
dressed to the other then stockholders,
and to the corporation itself. collectively,
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 transmit
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
lions in which the holdings Of the stock
holders DESTROYS Of purchasing bear to
each other; and II the total which such