The herald., 1913-06-19
TO CHARTER OF NEW OR.
LEANS REALTY Il INVESTMENT
COMPANY.
STATE OF LOUISIANA,
PARISH OF ORLEANS.


PARISH OF ORLEANS.
Be it known that on this 2nd day Of June,
1913, before me- Edward Il. 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 APP
peared John NJ. Toelke, vice-president of the
New Orleans Realty 4 Investment Company,
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 certified copy Of the minutes
corporation, annexed hereto as part hereof,
a general meeting Of the stockholders of the
said New Orleans Realty 4 Investment Co.,
was held at the ONCE of the corporation in
this city, on said date, after all the require
ments Of law and of the charter had been
complied with, for the purpose of deciding
upon amending Article ~, Of the charter Of
the corporation, and that at said meeting, IL
was decided TO amend said charter, in the
manner fully declared and set forth in the
hereinafter mentioned alteration, change and
amendment Of said charter.
Appearers by virtue Of the power In them
vested, at said meeting held May 81, 1918,
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 reads
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
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-
vi tu M crrah tnta Ion,
be 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 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 $50,00000, divided
into 200 shares Of common stock and 800
TO be non-voting) of a 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 per
cent payable semi-annually, on the list Of
January and July in each year, which shall
be cumulative.
Ia case Of the dissolution of this corpora
tion, 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.
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
three shares having been subscribed for by
the signers hereto. ANY stakeholder may
sell and transfer his stock In this corpora
tlon. provided twenty days notice Of such
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
or In any further sum than the unpaid bal
ance due the company on the shares OF stock
subscribed for or owned by him; nor shall
any informality In organization have the ef-
feet OF rendering this charter null, or Of ex.
posing stakeholder to any liability he
yond the unpaid balance, II any, Of his
stock"
4ppearers further declare that they do
hereby authorize and require the said char
ter and amendment to be duly registered
and published according to law, to the end
that the same may be operative and binding
on all persons who are now, or may here
after become stockholders Of said corpora
tion, or become otherwise interested therein.
Thus done and passed In my ofice in New
Orleans, La, on day and date herein first
written In the presence Of Louis Hereford
and Herbert W. Kaiser, competent witnesses,
who hereunto sign their names with said
appearers and me, notary, after due reading
Of the whole.
Original signed) John N. Toelke, chair.
man =. ]. Keller, secretary. L. Hereford,
ii. W. Kaiser. EDWARD B. ELLIS,
Notary Public.
!, the undersigned, Recorder Of Mortgages
In and for the parish of Orleans State OF
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation Of the
New Orleans Realty & Investment Co was
amended, was this day duly recorded in nv
office, in Book 1858, folio SIC.
EMILE ]. LEONARD, D. r.
New Orleans, June 4, 1913.
true copy.
EDWARD B. ELLIS,
(SeaO Notary Public.
june IL 926 july 10 1918