The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
AMENDMENT TO CHARTER OF
LOUISIANA TIRE COMPANY, INC.

United States of America. State of Lou
iSiana, Parish of Orleans, City of New
Orleans. BE it Known, that on this 22nd
day of the month of August in the year
of our Lord one thousand nine hundred
and twenty-five, before me, Victor IL.
KAN. a notary public. duly commissioned
and qualified in and for the Parish OF Or
leans, State of Louisiana, aforesaid, there
in residing, and in the presence of the
witnesses named and undersigned person
ally came and appeared !. Victor L.
Burk, in his capacity as the duly author
lied vice president; ,. Joseph ID. Free
man, in his capacity as the duly author
lied secretary treasurer, both OF the Lou
isiana Tire Company, Inc, corporation
organized under the laws Of the state OF
Louisiana, by an act passed before Victor
X. KAN, notary public, in and for the
Parish of Orleans, State of Louisiana, on
the 18th day of January, 1921, duly re-
corded in the Mortgage Office of the Par
ish of Orleans in Book 1246, Folio - Of
the Record of Charters on the 18th day
of January, in the year 1922
Which said appearers declared unto me,
notary, that at special meeting of the
stockholders of the said corporation on
the oath day of July, 1922, at the hour Of
300 o'clock p. m, previous notice having
been given in writing required by
general laws and the charter of the cor
pOratiOn. to each and every stakeholder,
and at which said special meeting all out
standing paid-up capital stock OF the cor
poration was represented as present as
appears from the books Of the corporation.
Ii was unanimously voted to amend Ar
ticlc " of the original charter OF said
corporation so that the same shall now
read as follows:
ARTICLE IV.-The capital stock OF
this corporation Is hereby fixed at ten
thousand dollars (SIO.OOOOO) divided into
one hundred shares Of one hundred (SlOO)
each, said stock to be paid for before Is
suing and to be fully paid and non-assess-
able. The corporation shall begin bust
ness as a going concern as soon as nifty
per cent of the capital stock shall have
been issued and paid for. The remaining
stock shall be offered to Ben Frank, or
/ Nashville. Tennessee; NJ Pilsk, Nashville.
Tennessee; Abram Frank, of Nashville,
Tennessee; J. ID. Freedman, of New Or
leans, Louisiana, and Victor e. Burk, or
New Orleans, Louisiana. in proportion OF
one-fifth of the capital to each, said stock
to he paid for at par, before Offering the
! same to the general public The corpor-
alton may issue the shares to the stock
holders in case the profits of the business
are taken In and become a part of the cap
| ital. The profits so treated must equal
in value the par value of stock issued.
No stakeholder shall sell or in any way
stock without first offering it to the cor
poration which shall have thirty days to
decide whether it will purchase the stock
or not. For the purposes of sale, such
| stock shall be valued In accordance with
the financial report of the corporation i'm
mediately preceding the offer to sell.
All transfers of stock must be made
upon the books of the corporation and
the original certificate surrendered, prop
erly endorsed. The corporation shall have
the power to increase its capital stock to
one hundred thousand dollars t$1OO.OOO).
The said appearers further declared
unto me. notary, that at the said special
meeting referred to above, they were au-
thorized to appear before me and to exc
cnte the proper notarial act and declara-
ton of said amendment. for NE purpose
| afOrdinU authentic permanent rec
ord and evidence, all as Is required by
law, and as will more fully appear from
the certified copy of resolutions as adopt
, ed at said special meeting Of stockholders
the same being annexed hereto and made
part hereof; and the said appearers fur
: Their declared unto me, notary, that they
were authorized and empowered to do any
and all acts necessary to execute and per-
form the resolution aforesaid, and to
bring 1t into legal effect.
Thus done and passed In my office In
the City Of New Orleans, Louisiana, on the
! date month and year hereinabove written.
In the presence of julius Howard Wiener
and Kathryn Clare Payton, competent
witnesses, who have signed with said
appearers and me. notary, after due read
ing of the whole.
VICTOR C. BURK.
} JOSEPH ID. FREEDMAN.
VICTOR X. I KAN pr,,,.
Witnesses: J. H. Wiener, X. C. Payton.
A true copy:
. | (SeaD VICTOR X. KHAN,
Notary Public.
A true copy Of the original.
/, the undersigned Recorder Of Mort
cages, in and for the Parish Of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing Act of Amend
ment of the Charter Of the Louisiana Tire
Company, Inc, was on this day duly re-
corded in my Office in Book 1878. Folio -.
New Orleans, August oath. 1922
| ROBT. SCOTT,
5 Deputy Recorder Of Mortgages
5 Aug .u31-Oct. 8.