The herald., 1913-07-03
AMENDMENT TO CHARTER OF NEW Or
LEANS REALTY & INVESTMENT
COMPANY.
STATENOF LOUISIANA,
PARISH OF ORLEANS.

Be 1t known that on this End day Of June,
1913, before me, Edward u. Ellis, notary
public, duly commissioned in and for the
parish Of Orleans, state Of Louisiana, and in
the presence of the witnesses hereafter nam
ed and undersigned, personally came and ap-
peared John NJ. Toelke, vice-president OF the
and Francis J. Keller, secretary-treasurer
of said corporation, chairman and secre-
tary, respectively. Of the meeting of stock
holders of the New Orleans Realty In
vestment Company, held on May 81, 1913,
who severally declare, as will appear by
reference to a certified copy Of the minutes
Of a general meeting Of stockholders Of said
corporation, annexed hereto as part hereof,
a general meeting of the stockholders of the
said New Orleans Realty & Investment Co.,
was held at the office of the corporation in
this city. on said date, after all the require
complied with, for the purpose Of deciding
upon amending Article ", Of the charter Of
the corporation, and that at said meeting, 1t
manner fully declared and set forth in the
hereinafter mentioned alteration, change and
amendment Of said charter.
ApPearers BY virtue Of the power In t them
for and In behalf Of said corporation, and
in order to carry out said purpose Of said
meeting and to give the alteration, change
and amendment decided upon at said meet
ing legal force and effect, further declare,
publish and give notice to the world that
Article ~, of the original charter of said
corporation, which rea0S:
ARTICLE Iy.-The capital stock Of this
corporation shall be fifty thousand dollars,
divided into five hundred shares Of the par
value Of one hundred dollars each. This cor
poration shall begin business at once, and
shall be a going concern, thirty-three shares
having been subscribed for by the signers
hereto. Any stakeholder may sell and
transfer his stock In this corporation, pro-
vlded twenty days notice Of such intention
he given the company, and the other stock
holders shall have the first privilege Of pur-
chasing same. No stakeholder of this cor
poration shall ever be held liable or respons-
ible for the contracts or faults thereof In
any further sum than the unpaid balance
due the company on the shares OF stock sub
scribed for or owned by him nor shall any
informality in organization have the effect
Of rendering this charter null, or of expos
ing a stakeholder to any liability beyond the
balance, IL any. of his stock"
shall be altered, changed and amended, so
as to read as follows:
ART. IV.-The capital stock Of this
corporation is fixed at s5O,o0O.00, divided
into 200 shares Of common stock and 300
shares Of preferred stock (preferred stock
to be non-votingl Of par value of $4,000
each, to be paid in cash at such time as the
board Of directors may determine, or which
may be issued for services or for property
actually received.
The preferred stock shall be entitled only
to annual dividends at the rate OF 5 per
cent payable seml-annually, on the list Of
January and July In each year, which shall
Ia case Of the dissolution Of this corpora.
ton, the preferred stock shall be liquidated
at par, before the common stock, but shall
have no further interest In the assets Of
the company, and the residue left after pay
ing the preferred stock at par value, Is to
be ratably distributed among the common
stock outstanding
The failure to pay dividends upon the pre-
ferred stock for two years, shall give the
holder thereof the right to liquidate the cor
poration.
The preferred stock or any part thereof,
may be retired by the board Of directors,
one year from the date Of its issuance, or at
any succeeding year, upon the payment TO
the holder Of the par value and all divi.
dends due to the date Of payment.
All certificates Of stock shall be signed
by the president and by the secretary, and
shall bear the seal Of the corporation.
This corporation shall begin business at
once, and shall be a going concern, thirty
three shares having been subscribed for by
the signers hereto. ANY stakeholder may
sell and transfer his stock In this corpora
ton, provided twenty days notice Of such
intention be given the company, and the
other stockholders shall have the first priv.
lege of purchasing same. No stakeholder of
this corporation shall ever be held liable or
responsible for the contracts or faults there.