The herald. [volume] (New Orleans, La.) 1905-1953, 1912-08-15
AMENDMENT TO CHARTER

AMENDMENT TO CHARTER
OF DAMERoN-PIERSON COMPANY, LIN.
TIED.
July u, 1912.
STATE OF LOUISIANA, PARISH OF OR
LEANS, 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 Of
America the one hundred and thirty-seventh
before me, Felix Joseph PUG, a 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 a
resident of this city, herein appearing and
acting as secretary OF the Dameron-P ierSOn
Company, Limited, who declared that at a
general meeting of the stockholders of the
DamerOn-PiersOn Company, Limited cor
pOration created under the laws of the state
of Louisiana, as per act of Incorporation eX-
ecuted before William = Brewer, a notary
public in this city, on Feb l, 1904, and 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 and
Camp street in this city, on June IS, 1912,
after due notice of said meeting had been gil
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.
tce 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
we'll as the time and place OF the said meet
ing; that the same had been called to de-
termlne 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 its 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 1t 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 ii.
The capital stock Of said corporation is
hereby fixed at the sum of $40 100000. di-
vided into and represented by 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 S4O,000.00, di-
vlded into and represented by shares of a
par value Of one hundred dollars each. The
first preferred stock shall be entitled by
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
q
ferred stock shall be entitled to no other or
further shares In the profits except as here
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-
nicipal or other purposes; said corporation
hereby agreeing to pay such tax or taxes
which 1t 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
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 II 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 dpnOSft shall
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 II, In so far
as it arises from said share. In case the
board of directors should determine to re
tire only 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 IL the per
| centage Of the holdings of any stakeholder
should be fractional share the corporation
shall have the option Of retiring one share
less than the fraction or one share more
than the fraction.
Section 2, The amount of the said com
mon stock Is fixed at S100,000.00, divided
| into or represented by 1000 shares of the
par value of one hundred dollars each and
| shall be entitled to such dividends as may
| be declared by the board of directors, sub
| ject to the provisions of section 1 hereof
and not otherwise. The said common stocl
shall in the event of any liquidation or dis
| solution or winding up, whether voluntary OF
| involuntary, of this corporation be entitled
| to the entire residue of the assets Of -thi:
corporation, after the payment of the
amounts accruing to the holders of the frs
preferred stock, in accordance with sector
| I 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 classes
| Of stock. The whole or both of said classe.
of stock or any part thereof may be ISSUED
or delivered to any person, firm or corpora
| ton for the requirement of their rights
or any part thereof owned and controlled
| by any such person or corporation; also
| for cash or in installment of such amount!
| as the board of directors may determine, alst
| 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 al
ment may seem fair and proper.
i 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 hay,
during such time the right to subscribe FOL
the increased stock In proportion to tn,
number of shares then owned by him Of
them, which additional share shall be pait
for as the board Of directors may direct.
All transfers Of stock shall be made upor
the books Of the corporation.
II any installments on stock subscribed
for should not be paid within thirty day.
after a call therefor, such stock together
| with all the installments paid thereon MAJ
be forfeited to the company by a resolution