The herald., 1922-02-09
Feb. 2-Mch. 0
AMENDMENT TO CHARTER OF THE
CHALMETTE OIL AND RE-

FINING CO.. INC.
State of Louisiana, Parish or Orleans
Be it known that on this 18th day of the
month Of January, in the year of our
Lord. one thousand nine hundred and
twenty-five, and of the Independence of
the United States of America. the one
hundred and forty-sixth. before me-
WATTS X. LEvERICH, a 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
Batson. herein appearing in their re-
spective capacities as the duly author
lied Chairman and Secretary at a meet
ing of the stockholders of the CHAL.
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
lie on May g. 1921, as will more fully
appear by reference to q certified copy
Of the Minutes of said meeting hereunto
annexed for reference, who declared thaS
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.
stock present and represented at said
meeting, to-wit: 1850 shares out of n
total Of 1912 shares to amend Article "
so as to provide that the presently au-
should be fixed at the sum Of Five Hun
dred Thousand Dollars $500 0.00),
divided into and represented by five
thousand t5,OO0) shares OF the par value
of One Hundred Dollars G100.O0) per
share, the remaining provisions of Article
Nv to remain unchanged, and to amend
Article v Of the charter of said company
so as to provide 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
ARTICLE Nv. "The capital stock of
this corporation is hereby fixed at the
sum Of Five Hundred Thousand Dollars
| $500. 900 00), divided into and represent
ed by FIVE thousand 5000 shares of the
(s100.00) per share. The amount of said
stock may be increased to Ten Hundred
Thousand Dollars (s1,OO0,0 OOOO). No
transfer of stock shall be binding upon
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
holders. and the stock of the stakeholder
desiring to sell shall be distributed pre-
rata among such Of the other stockhold-
ers 40 desire to purchase, In the proper
holders DESTROYS Of purchasing bear to
each other; and II the total which such