The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18
AMENDMENT TO
CHAPTER


AMENDMENT TO
CHARTER
OF CONSOLIDATED REALTY AND MAN
UFACTURING COMPANY.
State Of Louisiana, Parish OF Orleans, city
OF New Orleans.
BE 1t known. that on this fifth day 81
september, nineteen hundred and thirteen
tl9l3), before me, George Montgomery. a
notary public. duly commissioned and quail.
ned in and for the parish of Orleans. and
city OF New orleans, therein residing per
Sonally appeared Mr.. Philip ForSchler and
Mr. William Renaudin, both OF the full age
If majority and residents of this city. here.
In acting as president and secretary respect
lively Of The Consolidated Realty and Man.
ufacturing Company, Limited corpora.
ton domiCiled and doing business In this
city, and organized under the laws of this
state by act passed before William Renau-
din, notary public, on December >. 1912 re-
corded In mortgage Office book 1865. folio
al, and 10y virtue If resolutions adopted by
the stockholders Of said corporation M a
meeting held on September ;, 1913 a certi-
he'd copy whereof is hereto annexed and
made part hereof: which appearerS. acting
as aforesaid, declared that
Whereas, a. a meeting of the StockhOld-
ers of said corporation held on September
J, 1913 AT It's office in this city, the neceS-
sary amount OF stockholders being present
or represented. amendments to the Preamble
and to Articles |, II, III and V OF the char
ter as below shown were adopted by the
ent or represented at said meeting and
Whereas. Gppearers were authorized by
SAID resolutions to appear before the under
signed notary public and embOdy the de
sired amendments to said charter in no
tarial act so as 10 conform to the law and
TO serve as in justice may appertain. or oc-
caSion may require:
Now therefore the said appearers acting
as aforesaid, have requested me, notary. TO
promulgate said amendments and make them
part or the charter of said corporation to
the end that said amendments shall hence
forth nave the same force and effect as IL
the original articles OF Incorporation had
read as they will read as now amended:
!, said notary, have accordingly promul-
gated said amendments and do by these
presents make them part of the original
articles of Incorporation to serve as in law
and Justice may appertain, or occasion may
require to the end that said original arti-
cles OF Incorporation. as now amended shall
hereafter read as follows. to-wit:
PREAMBLE.
BE 1t known that on this 3rd day OF
December in the year one thousand nine
hundred and twelve before me- William
Renaudin, a notary public in and for the
parish of Orleans, state OF Louisiana. duly
commissioned and qualified. and in the pres
ence OF the witnesses hereinafter named and
undersigned, personally came and appeared
the persons whose names are hereuntO sub
scribed, all above the full age of majority
and residents of this city: who severally de-
clared that awaiting themselves of the pro.
state known a act No. IS of 1904. as well
as of those of the general laws OF this sta
relative TO the organization of corporations
they have formed and organized, and do by
these presents form themselves into and
constitute a corporation for the objects and
purposes and the stipulatiOns and agree
ments hereinafter set forth and expressed
which they hereby adopt as their charter
to-wit:
Article 1.-The name and title OF thi,
corporation hereby formed Is declared Il
be The Consolidated Realty and Manufac
turing Company" Its dOmcile shall b,
IN the city OF New Orleans, state of Louisi
ana, and Ii shall have and enjoy succession
by Its corporate name for period Of ninety
nine years from and after the date thereof
All citations or other legal process shall
be served upon the president and in tn,
event of mis- absence or inability 10 act from
any cause. the same shall be served upon
either the yice-president or manager of the
corporation.
Article 1.-THE objects and purposes fol
which this corporation is organized and tn,
nature of the business 10 be carried on by II
are hereby declared to be the purchase anC
sale, either for cash or on terms, of improved
and unimproyed real estate in the city OF
New Orleans or elsewhere and the erection
of buildings for dwellings, store or Other
purposes the erection by general contract
or otherwise OF any and all kinds OF build
ings; to sell real and personal property for
its own account or on commission and tC
borrow or lend money on real estate or Other
sell building materials of all kinds: TO erect
buildings warehouses, etc, and install there
in all necessary machinery necessary in the
furtherance of its business and TO own and
operate vessels, motor boats, or other water
craft for the transportation OF its materials
TO buy, SELL take, own, hold and deal in
shares OF stock OF this and other corpora.
tions. bonds, mortgages, pledges, chooses In
action, judgments, etc, the same to sell oil
hypothecate at pleasure; to buy and other.
wise acquire, to hold, own. manage, operate
improve. develop and sell timber lands and
other real estate and TO buy, build, con.
struct, own, operate and lease sawmills and
planning mills, and to manufacture and pre-
pare for market, transport, Import. export
deal in any article or product incident 10
the character of the above business, II being
thereby intended to acquire by purchase OF
manufacture or otherwise all supplies and
materials necessary or convenient for use
In connection with and in accomplishing the
objects above mentioned and every part
thereof.
Article III.-The capital stock Of this
corporation is hereby fixed at the sum OF
two hundred thousand dollars $500 900 OO)
represented by eight thousand shares $4,000
of the par value Of twenty-five dollars 1928
each, which shall be paid for in cash in
such amounts and manner and at such
times as the board Of directors may deter
mine, or the same may be issued for prop
erty actually received by or services actu
ally rendered to the corporation.
OF such total authorized capital stocl
two thousand shares amounting to fifty
thousand dollars (S50,00O.0O) shall be pre-
ferred stock and six thousand shares amount
Ing TO one hundred and fifty thousand dol
lars (S15O.000.00) shall be common stock
The preferred stock shall be entitled on
| of any and all surplus net profits, whenever
declared by the board Of directors TO cumu
| lative dividends the right Of. but not ex
ceeding seven per cent per annum for tn
year beginning on the 1st day OF Septem
Der. 1913, and for each and every fiscal yea
| beginning January LIST, 1914. thereafter pay
able in preference and priority to any pay
ments Of dividends on the common stock 70
| such fiscal year.
| The common stock shall be subject I
| the prior rights of the holders OF the pre-
| ferred stock as herein declared, except whe
| the preferred stock shall be ineligible to rer
resentation on the board OF directors or 1
| the management Of the corporation.
II after providing for the payment Of fu
| dividend for any fiscal year on the preferre
| stock there shall remain In surplus ne
profits for said fiscal year, then the sam
shall be Applicable to dividends upon th