The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-05
AMENDMENT TO
CHARTER
CHARTER NEW ORLEANS CHAIN COM
PANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.

BE II known and remembered. mat on
this Both day Of the month of September,
In the year Of our Lord one thousand nine
hundred and eleven, and OF the indepen-
dence of the United States of America, the
one hundred and thirty sixth:
Before me, Abraham Goldberg, Notary
Public duly commissioned, sworn and quail
fed in and for the Parish of Orleans, State
Of Louisiana, therein residing, and In the
presence of the witnesses hereinafter named
and undersigned:
Personally came and appeared, Benjamin
III. COnnart and Emil Rubenstein, respect
lively the president and secretary of the New
Orleans Chair Company, who declared unto
me. Notary, that meeting of the stock
holders of the New Orleans Chair Cons
pany was held on September Both, 1911, az
IL o'clock a. m, at the office Of the COM
pany In the city of New Orleans, the said
stockholders having waived all notices re-
quired by the charter and the law, said
stockholders meeting having been called
for the purpose of amending Articles ~,
V and TX of said Company.
That at said meeting of stockholders so
held on the Both of September, 1911, at IL
O'Clock a. m, IL was resolved by unanimous
vote OF all the stockholders of said company
Ia certified copy of the minutes of which
meeting Is hereto annexed) that Articles
Nv, V and TX of said Charter be amended
as hereinafter set forth.
And the said Benjamin ii. COnnart and
the said Emil Rubenstein, respectively, the
president and secretary of the New Orleans
Chair Company, further declared unto me,
Notary, that they and each of them appear
ed before me, Notary. duly authorized by
the stockholders Of said company at the
meeting held on September 3Oth, 1911, for
the purpose of embOdying said amendments
in notarial form. and that Articles Nv, V
and TX of the charter OF the New Orleans
Chair Company shall he amended so as TO
read as follows, to-wit:
ARTICLE ".
"The capital stock of this corporation IS
hereby fixed at the sum of fifty thousa nd
dollars (S50.OO0.00l, divided into and rep
resented by Five Hundred (500) shares OF
stock of the par value of One Hundred
Dollars (S1000O). OF the said issue OF
Five Hundred (500) shares there shall b,
issued Two Hundred (20O) shares TO b,
known as Preferred Stock and Three Hun
dred (30Ol shares to he known as Common
Stock. The preferred stock hereinabovC
provided for must be paid for in cash two
hundred and ten (2l0) shares Of the com
mon stock may be issued In exchange fol-
the present outstanding two hundred anC
ten (210) shares of the common stock Of
this company; the balance OF ninety (9O)
shares or the common stock can be issued
"rhe holders of the preferred stock shall
be entitled to cumulative dividends thereon
at the rate OF per cent for each and every
fiscal year of the company, payable out OF
any and all surplus or net profits of the
company annually as and when declared by
the Board OF Directors. In the event there
shoulu Dt shInclent surplus or net profits 10
pay the holders of the common stock eight
per cent dividends. then the holders of the
preferred stock shall participate in the ex-
cess surplus or net profits ratably with said
common stock.
I'm the event of liquidation or dissolu-
ton or the corporation, the holders of the
preferred stock shall be entitled to receive
the par value of their preferred shares ont
or the assets OF the corporation before any-
thing shall be paid therein to the holders
OF the common stock. and. at the expiration
OF the year 1912. In the event the NET
proht does not permit the payment OF the
per cent dividend on the preferred stock.
liquidation. ~ i"'O
The holders of the preferred stock shall
Ne entitled to voting power In the corpora
ZION TO the same extent as the holders OF
common stock and said preferred stockhold.
ers shall have two representatives on the
Board OF Directors '"'
NO dividend shall he declared on anv
and paid for. ioi
The corporation shall become roino
concern and be authorized to do business
rs soon as Twenty thousand dollars 100
ooo;ool OF its stock shall have been sinh
scrlbed and paid for"
ARTICLE V.