The herald. [volume] (New Orleans, La.) 1905-1953, 1912-08-08
AMENDMENT TO CHARTER
OF DAMERON-PIERSON COMPANY, LIN
TIED.
July II, 1912.
STATE OF LOUISIANA. PARISH OF OR
LEANS. CITY OF NEW ORLEANS.

July II, 1912.
STATE OF LOUISIANA. PARISH OF OR.
LEANS. CITY OF NEW ORLEANS.
BE it 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 a resident of this city, herein appear
ing and acting as president, and G. King
Logan, of the full age of majority and q
resident of this city, herein appearing anC
acting as secretary Of the -PierSOr
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 L Brewer a notary
public in this city, on Feb /, 1904, and regis
tered in the mortgage office of this city in
book ISL, folio 14S, was convened at it's do
micile at the corner of NatcheZ Alley ant
Camp street in this city, on June Is, 1912
after due notice of said meeting had been ri
ven by publication in the Algiers Herald. a
newspaper published in the city of New Or
leans, after thirty days prior notice giveI
as aforesaid duu Dy forty days written no
tice mailed to each stakeholder. That botf
said notices, the one by publication and tn,
one by writing mailed to each stakeholder
set out the same purposes and objects, a:
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 saiC
corporation should be changed, altered OF
amended.
That on the eighteenth day OF June, 1912
said general meeting OF stockholders wa'
held at its domicile aforesaid, and ther,
were present or represented the holders anC
owners OF five hundred shares which repre-
sent and constitute the entire Outstandins
| capital stock of said corpora ton That a
said meeting Ii was unanimously resolved
ana voted by the holders and owners of saiC
| five hundred shares which represented tn,
| total outstanding capital stock Of said Dam
eron-Plerson Company, Limited:
That said Article Second of said charter
| be altered and amended so as to read a:
! follows:
ARTICLE III.
The capital stock OF said corporation Il
| hereby fixed at the sum Of $4,000. 90 di
| vided into and represented by l,400 share!
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 S4000000, al
yided into and represented by shares of
| par value Of one hundred dollars each. Tn,
| first preferred stock shall be entitled b,
| preference and priority over the common
| stock OF this corporation. to dividends II
each and every year at the rate OF pc
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 Of
| further shares in the profits except as here
| matter provided. All payment of dividend
| on the said first preferred stock shall b.
without deduction for any tax or take
/ 4, fah I.~Hp L..
OF the United States or OF the state o
| Louisiana, may be payable for or in respec
| TO the said dividend for national, state, mu
| nlclpal or other purposes; said corporation
which 1t or the said stockholders may nov
| or hereafter be required by any such law {,
pay or retain thereupOn.
| In the event of any dissolution or liqui
| dation or winding up, whether voluntary O
involuntary, of this corporation, the hold
ers of the first preferred stock shall be pait
| in full by preference over the common stool
holders the par value of their shares TO
| gether with the dividends at the rate OF
per cent to date of said liquidation.
The board Of directors shall have author
| ity by not less than two-thirds affirmative
| vote Of the entire board to retire after CIV
/ ing sixty days notice of intent so to do, tn
whole or any part of the outstanding frs
preferred stock upon paying TO the holder
| of the same one hundred and five dollars pc
| share and all due dividends. or II the salt
the same, TO deposit the amount due to then
| in any solvent bank In the city of New Or
| leans, notifying the holder of record o
| said deposit by registered mall, at his las
designated address, or, If he has not desig
mated any address at the General Deliver,
| in New Orleans, such deposit shall put tn
! said sim 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 ia
as 1t arises from said share. In case tn
board of directors should determine to re
| tire only a portion of the said preferre'
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 If the per
centage Of the holdings Of any stockholde
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 S100,0O000, divides
| into or represented by 1000 shares of tn
par value of one hundred dollars each an
| 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 stoc
| shall in the event of any liquidation or dis
solution or winding up, whether voluntary o
involuntary, of this corporation be entitle,
to the entire residue of the assets Of TIL
| corporation, after the payment of tn
amounts accruing to the holders Of the frs
preferred stock, In accordance with section
| / hereof
All voting rights of this corporation shall
be vested exclusively In the common stocl
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
tion for the requirement of their rights
privileges, franchises, property, servitude
| or any part thereof owned and controlle
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
The board of directors Is specially author
lied to dispose of the stock for any and al
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 hav
during such time the right to subscribe 70
the increased stock in proportion to tn
number of shares then owned by him o
them. which additional share shall be pal
for as the board of directors may direct
| All transfers of stock shall be made upol
the books of the corporation.
IL any installments on stock subscribe
for should not be paid within thirty day
after call therefor, such stock togethe
with all the installments paid thereon ma,
be forfeited TO 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 b
writing, who shall have FIVE days within
which to purchase the same for the com
pany.
In the event of the failure of the boar,