The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25

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-
nicipal or other purposes said corporation
hereby agreeing TO pay such tax or taxes
which ii or the said stockholders may now
or hereafter be required by any such law to
pay or retain thereupon.
In the event of any dissolution or liqui-
dation 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 7
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 per
share and all due dividends, or If 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 mail, at his last
designated address. or, If 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 the
company or his claim against it, in so far
as IL arises from said share In case the
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 of
record of said class of preferred stock, each
holder having the same percentage of his
holdings retired. provided that If the per
centage Of the holdings of any stakeholder
should he n fractional share the corporation
shall have the option of retiring one share
less than the fraction or one share more
than the fraction.
Section =. The amount of the said com
mon stock is fixed at S1O0.0OO.O0, divided
into or represented by 900 shares of the
par value of one hundred dollars each and
shall be entitled to such dividends as may
he declared by the board of directors. sub
iect to the provisions of section ] hereof
and not otherwise. The said common stock
shall in the event of any liquidation or dis
solution or winding up. whether voluntary or
involuntary. of this corporation be entitled
to the entire residue of the assets Of this
corporation. after the payment of the
amounts accruing to the holders OF the first
preferred stock, in accordance with section
| hereof
All voting rights Of this corporation shall
bc vested exclusively in the common stock
at all elections of directors or otherwise.
Separate stock books and stock registers
shall be kept for each of the said classes
of stock The whole or both Of said classes
of stock or any part thereof may be issued
or delivered to any person, firm or corpora
tion for the requirement of their rights,
privileges, franchises property, servitudes
or any part thereof owned and controlled
by any such person or corporation: also,
for cash or in installment of such amounts
as the board OF directors may determine, also
for merchandise received or FOR services
actually rendered to this company.
The board OF directors is specially author
lied to dispose of the stock for any and all
Of the purposes above stated as in its judg
ment may seem fair and proper.
The capital stock may be increased as pro
vided by the laws of this state and when in
creased, fifteen days notice. In writing shall
be given to each stakeholder who shall have
during such time the right TO subscribe for
number of shares then owned by him or
them, which additional share shall be paid
for as the hoard of directors may direct.
All transfers of stock shall be made upon
the books of the corporation.
IL any installments on stock subscribed
for should not be paid within thirty days
after a call therefor, such stock together
with all the installments paid thereon may
be forfeited 10 the company by a resolution
of the board of directors.
In the event that any stakeholder shall
desire to dispose of his stock. same must be
first offered to the board of directors in
writing. who shall have five days within
which to purchase the same for the CON-
pany.
In the event Of the failure of the board
Of directors 10 purchase said stock. 1t shall
be offered to the then stockholders who
shall have FIVE days within which 10 pur-
chase the same"
All OF which Will also appear by refer
ence to the certificate OF said stockholders
meeting hereto annexed.
Now, therefore, in order to carry out the
objects and purposes OF said stockholders
meeting and TO close the said amendment
In authentic form the said appearers do now
and hereby formally declare and make
known. that the original act Of incorpOra-
tiOn of the cameron PiersOn Company, Lin
tied. has been changed altered and amend
ed. in the manner and form and to the eX-
tent heretofore set forth. and they do here
by authorize and require that the foregoing
act of amendment be recorded and published
according to law.
Thus done and passed, in my Office. at
the city of New Orleans on the day, month
and year herein first above written. in the
presence of Messieurs James Simeon and
Leo G. Watermelon, competent male wit
nesses. who hereunto sign their names with
the said appearers and me, notary, after
due reading of the whole.
Original signed: Frank Cameron, chair
man G. King Logan, NJ. D., secretary. Wit
nesses: Jas. Simeon, Leo c. Watermelon.
FELIX J. PUG, Notary Public.
!. the undersigned recorder Of mortgages
in and for the parish of Orleans. state of
Louisiana. do hereby certify that the above
and foregoing amendment to the act of in
corporation of the Dameron-Pierson Com
pany, Limited. was this day duly recorded
In my Office. in book 1855. folio 304.
New Orleans. July IL, 1912.
(Signed) EMILE LEONARD, by. r.
A true copy.
FELIX J. PUG. Notary Public.
July - aug l 8 10 % %