The herald., 1922-02-02
Feb. 2-Mch. o
TO CHARTER OF THE
CHALMETTE OIL AND RE-



State of Louisiana, Parish or Orleans.
Be il known that on this 18th day of the
month of January, in the year OF our
Lord, one thousand nine hundred and
the United States of America. the one
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 yaccaro and X. T.
Batson, herein appearing in their re-
spective capacities as the duly author
lied Chairman and Secretary at meet
ing of the stockholders of the CHAL-
METTE OIL AND REFINING CO., INC,
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
Of the Minutes of said meeting hereunto
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, 49,,
it was unanimously voted by all of the
meeting, to-wit: 1850 shares out of a
total of 2312 shares to amend Article Nv
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 ts5oo :0Oo0O,
divided into and represented by five
thousand $4,000 shares Of the par value
of One Hundred Dollars ($1O0O0l per
| " to remain unchanged, and to amend
Article v of the charter of said company
! so as to provide a Board Of Directors OF
| not less than seven nor more than eleven
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 shall hereafter read
| ARTICLE ". "The capital stock of
this corporation is hereby fixed at the
sum Of Five Hundred Thousand Dollars
1880 0O000), divided into and represent
ed by five thousand 5000 shares of the
par value of One Hundred Dollars
(s1O0O0) per share. The amount of said
stock may be increased to Ten Hundred
Thousand Dollars (S1.000,000.00). Nc
transfer of stock shall be binding upon
j the corporation unless made and record
ed upon its books. No stakeholder shall
have n right to transfer or convey any
of his or her stock In the corporation
unless and until he or she shall have FRS
made a written offer to the other ther
the corporation itself. to sell his or hel
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 1t,
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 thu
corporation not less than ten days priel
to the application for transfer of thu
stock. The corporation shall TRANSMIT
this offer to the respective then stock
holders, and the stock Of the stockholdel
desiring to sell shall be distributed pr,
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 t.
each other; and II the total which sucl