The herald., 1912-08-01


AMENDMENT TO CHARTER
OF CAMERON PIERSON COMPANY, LIN.
TIED.
July l., 1912.
STATE OF LOUISIANA. PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be ii known, that on this twelfth day of
the month of July, in the year of our Lord
one thousand nine hundred and twelve and
OF the independence of the United States of
America the one hundred and thirty-seventh,
before me, Felix Joseph PUG, notary pub
lie duly commissioned and qualified, in and
for the parish of Orleans, state Of louisiana,
therein residing, and in the presence OF the
witnesses hereinafter named and under
signed, personally came and appeared ::
Frank Cameron, OF the full age of majority
and resident of this city, herein appear
ing and acting as president, and G.. King
Logan, of the full age of majority and a
resident of this city. herein appearing and
acting as secretary OF the Dameron-Pierson
Company, Limited, who declared that at a
general meeting of the stockholders of the
DamerOn-PiersOn Company, Limited a cor
pOration created under the laws of the state
Of Louisiana, as per act of Incorporation ex-
ecuted before William Brewer, notary
public in this city, on Feb l, 1904, and regis
tered In the mortgage Office of this city in
book ISL, folio las. was convened al its do
micile at the corner of NatcheZ Alley and
Camp street in this city, on June Is, 1912,
ven by publication in the Algiers Herald, a
newspaper published in the city of New Or
leans. after thirty days prior notice given
as aforesaid and by forty days written no.
tice mailed TO each stakeholder. That both
said notices, the one by publication and the
one by writing mailed to each stakeholder,
set out the same purposes and objects, as
well as the time and place of the said meet
ing: that the same had been called to de-
termine whether or not the charter of said
corporation should be changed, altered or
amended.
That on the eighteenth day Of June 1912,
said general meeting OF stockholders was
held at it's domicile aforesaid, and there
were present or represented the holders and
owners of five hundred shares which repre-
sent and constitute the entire outstanding
capital stock of said corporation That at
said meeting it was unanimously resolved
and voted by the holders and owners of said
five hundred shares which represented the
total outstanding capital stock Of said Dam
erOn-PiersOn Company, Limited:
That said Article Second of said charter
be altered and amended so as TO read as
follows:
ARTICLE III.
The capital stock OF said corporation is
hereby fixed at the sum of $40. 100000 d.
vided into and represented by 1,400 shares
of the par value OF one hundred dollars each.
That said stock shall consist of and be is
sued as two different classes the first there
of shall be known as the First Preferred
stock and the second as the common stock.
Section ]. The amount of first preferred
stock Is fixed at the sum of 100000, di-
vided into and represented by shares of a
par value of one hundred dollars each. The
first preferred stock shall be entitled by
preference and priority over the common
stock of this corporation, to dividends In
each and every year at the rate of per
cent per annum, payable out of the profits.
Such dividends shall be cumulative, limited
to per cent per annum and the first pre-
ferred stock shall be entitled to no other or
Pm ch In ha 70 hara
matter provided. All payment of dividends
on the said first preferred stock shall be
without deduction for any tax or taxes
which by any present laws or future laws
of the United States or of the state of
Louisiana, may be payable for or In respect
to the said dividend for national, state, mu-
nicfpal or other purposes; said corporation
hereby agreeing to pay such tax or taxes
or hereafter be required by any such law to
pay or retain thereupon.
In the event of any dissolution or liqui-
dalton or winding up, whether voluntary or
involuntary, of this corporation, the hold
ers of the first preferred stock shall be paid
in full by preference over the common stock
holders the par value of their shares to-
gether with the dividends at the rate of Z
per cent to date of said liquidation.
The board of directors shall have author
ity by not less than a two-thirds affirmative
vote of the entire board to retire after Civ
ing sixty days notice of intent so to do, the
whole or any part of the outstanding first
preferred stock upon paying to the holders
of the same one hundred and five dollars pei
share and all due dividends, or IL the said
holders are unknown or refuse to receive
the same, to deposit the amount due to them
in any solvent bank in the city of New Or
leans, notifying the holder of record OF
said deposit, by registered mall at his last
designated address, or, IL he has not desig
mated any address at the General Delivery
in New Orleans, such deposit shall put the
said sum at the risk Of the former stock
holder and shall terminate In full the In
| terest of the former owner thereof in tn,
company or his claim against II, in so fal
as 1t arises from said share. In case thu
board of directors should determine TO re
tire only a portion of the said preferred
| stock, the portion so retired shall be dis
| tributed pro rate among the holders o.
| record of said class of preferred stock eacl
holder having the same percentage of hi
| holdings retired, provided that IL the per
centage OF the holdings of any stOckholde
should be a fractional share the corporation
shall have the option of retiring one shari
less than the fraction or one share NOR
than the fraction.
Section .. The amount of the said com
mon stock is fixed at $1,000 90, divide,
| into or represented by 1000 shares of thu
par value of one hundred dollars each an,
| shall be entitled to such dividends as MAJ
be declared by the board of directors, sub
| ject to the provisions of section l hereo
ana not otherwise. The said common stool
shall in the event of any liquidation or dis
solution or winding up, whether voluntary o.
| involuntary, of this corporation be entitled
to the entire residue of the assets of thi
corporation, after the payment of tn,
amounts accruing to the holders Of the frs
preferred stock, in accordance with section
| 1 hereof.
All voting rights of this corporation shall
be vested exclusively In the common stool
at all elections of directors or otherwise.
Separate stock books and stock register
shall be kept for each OF the said classe
of stock. The whole or both of said classe
of stock or any part thereof may be issue'
or delivered to any person, firm or corpora