The herald., 1912-08-22
AMENDMENT TO CHARTER
OF DAMERON-PIERSON COMPANY, LIN
ITE,D

July u, 1912.
STATE OF LOUISIANA, PARISH OF Or
IEANS, CITY OF NEW ORLEANS.
BE 1t 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 or
America the one hundred and thirty-seyenth,
before me- Felix Joseph PUG, notary pub
lie duly commissioned and qualihed, IN ana
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 a resident of this city, herein appear
ing and acting as president, ana u. hing
Logan, of the full age OF majority and a
resident Of this city, herein appearing ana
acting as secretary OF the Dameron-Plerson
Company, Limited, who declared that at
general meeting of the stockholders or the
cameron Pierson Company, Limited, a cor
poration created under the laws OF the state
of louisiana as per act or incorporation e4-
ecuted before William L Brewer, a notary
public in this city, on Feb i, l9O4, ana regis
tered In the mortgage office OF this city In
book Isl, folio 14S, was convened at its do
micile at the corner OF Natchez Alley ana
Camp street in this city, on June Is, l9l2,
after due notice OF said meeting had been gi-
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 stockholder,
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 or SAID
corporation should be changed, altered or
amended. o
said general meeting of stockholders was
held at its domicile aforesaid, and there
were present or represented the holders ana
owners Of five hundred shares which repre-
md fnta
capital stock OF said corporation That at
said meeting Ii 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:
The capital stock Of said corporation Is
hereby fixed at the sum of SAC, 100000, d.
vided into and represented by LOO 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 S4o,OOO.OO, a.
vided into and represented by shares OF
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 pronts:
| Such dividends shall be cumulative, limited
| to per cent per annum and the nrst pre-
| ferred stock shall be entitled to no other or
| further shares In the profits except as here
matter prEydsd All payment o OF sSs Ss
without deduction for any tar 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-
nicipal. or other purposes; said corporation
hereby agreeing to pay such tax or taxes
which it 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 iqui-
dation or winding up, whether voluntary or
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
| fty 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 II the said
holders are unknown or refuse 10 receive sew,
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, II ne has I NOT aesig
in New Orleans, such deposit shall put tnf
said sum at the risk Of the former STOCK
holder and shall terminate In full the In
terest Of the former owner thereof In tnt
company or his claim against 1t, in so fal
as II arises from said share. In case the
board Of directors should determine TO re
tire only a portion Of the said preIerIfes rec
stock, the portion so retired shall be dis
tributed pro rate among the holders o.
record Of said class of preferred stock, eaci
holder having the same percentage OF M
holdings retired provided taat IL cns Per
should be a fractional share the corporation
shall have the option Of retiring one shar'
less than the fraction or one share NOR
than the fraction.
Section 2. The amount of the said com
mon stock is fixed at S10O,0OO.OO, dividet
into or represented by 1000 shares OF TN
par value Of one hundred dollars each AM
: shall be entitled to such dividends as ma!
be declared by the board Of directors, sub
ject to the provisions OF section l hereo
and not otherwise. The said common stool
shall in the event OF any nquidati,Gn or - ai Is
involuntary, Of this corporation be entities
to the entire residue Of the assets Of TIL
corporation, after the payment of tn
amounts accruing to the holders or the mrs
, preferred stock, in accordance with section
All voting rights Of this corporation shall
be vested exclusively In the common stoc
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
J or delivered to any person, firm or corpora
tion for the requirement Of their rights
privileges, franchises, property, servitude
or any part thereof owned and controlle
II by any such person or corporation; also
| for cash or in installment Of such amount
as the board Of directors may determine, ais
for merchandise received or for service
actually rendered to this company.
lied to dispose of the stock for any and a
of the purposes above stated as In its juds
ment may seem fair and proper.
The capital stock may be increased as pr
J vided by the laws of this state and when II
creased, fifteen days notice, In writing sha
be given to each stakeholder who shall hav
during such time the right to subscribe 10
, the increased stock in proportion to tn
number of shares then owned by him Q
them, which additional share shall be pal
for as the board Of directors may direct.
All transfers Of stock shall be made upo
the books OF the corporation.
IL any installments on stock subscribe
} for should not be paid within thirty day
after a call therefor, such stock togethe
| with all the installments paid thereon ma
be forfeited to the company by a resolntio
: of the board of directors.
In the event that any stakeholder sha
desire to dispose Of his stock, same must
first offered to the board Of directors ]
writing, who shall have five days With
which to purchase the same for the con
pany.
In the event of the failure Of the boar
In% ItrocfnrS 70 r,ureha III ef0nk n aha