The herald., 1913-04-03

Algiers Herald, a weekly newspaper in New
Orleans, once week for thirty days, and
pursuant TO a written copy of said notice de
posted in the post office of this city, pre-
paid and addressed to each stakeholder al
his usual place of residence. thirty days
prior 10 March IL, 1913, certain changes
in and amendments to Article " of the
charter of the said corporation We're adopt.
ed, which Article was changed and amended
80 a. To read as set forth below, the whole
as shown 10y a duly certified copy of the
minutes of said meeting neerto annexed:
PARTICLE ""
The amount OF the capital stock Of this
corporation is hecrby fixed AT IA" sum of
two hundred thousand dollars tS2Uu. uOU. OO,
which shall he divided into preferred and
common stock. OF the preferred there shall
be- two thousand t2.OuUI shares Of the par
value of nifty dollars $4,000 each. and OF
the common there shall bc two thousand
t2,uonl shares of the par value of nifty dol
lars tSjo.0oD each. Said one hundred thou
sand dollars 1OO,OuuOuD preferred stock
shall be entitled TO receive dividends at the
rate of eight per cent per annum payable
srmi-anuually ON the first Monday Of Janu-
airy and the first Monday in July of each
year out OF the earnings of said corpora ion
before any dividend shall he paid upon the
common stock, and such dividends shall be
cumulative 50 that any deficiency in the div
idends 10 he paid in any year on said pre-.
ferred stock shall Ice made good out Of the
earnings of subsequent years before any
dividends shall Zee paid on the common
stock, and in case the earnings Of the cor
pOratiOn shall permit n dividend in excess
annually, said excess earnings, wholly or in
part as the directors may deem advisable.
shall be- paid to the common stockholders.
and upon the final liquidation Of the cor
poration and the distribution of its assets.
arrears of dividends shall be paid 10 the
holders of preferred stock and the shares
of preferred stock shall be paid in fun be
fore any payment shall be made To the hold
! a.
rears of dividends, and the face value of
said preferred stock shall have been paid.
IN" holders thereof shall receive no other
or additional payments whatever
Said preferred and common stock shall
be issued for cash. property. rights leases
or options actually received 10y or for ser
vices actually rendered 10 this corporation
and when issued shall be fully paid and non
aSSeSSable
This corporation shall become a going
concern as soon as one thousand luuo'
shares of stock have been subscribed No
transfer Of stock shall be binding on the
corporation until made on its books"
The said arprarcrS declared also. that
they appear herein on behalf of all the
stockholders of The Dugan Piano Com
pany, by virtue of "A resolution of the
stockholders of the said company. passed
March IN, 1913, at the special stockholders
meeting; that the said resolution empOw-
cred them TO sign all acts papers and doe
umentS necessary to carry into effect the
aemndment Of the charter of The Iugan
Piano Company" in the manner and form
as above provided; that their authority in
the premises fully appears by reference to
the certified copy Of the minutes Of the Spe-
cial meeting Of the stockholders of The
Dugan Piano Company annexed to this
act.
Thus done and passed. in my Office at the
city Of New Orleans, La. on the day and
date aforesaid, in the presence of MpSSieurS
Fernand +. TeSSier and Archibald II. Wag-
ner. competent witnesses herein who here
unto sign their names with the said appear
crS and me, notary, after due reading of
the whole.
Original signed: ]. V Dugan. president {:
Fred W. ROtt, secrctary-treaSurer.
Witnesses +. +. TesSier. \. H. Wagner
WM. J. FORMENTO. Not. Pub.
!. 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
Dugan Piano Co as amended was this day
duly recorded in my Office in book 1OSS.
folio -.
New Orleans March ~. 1913
'Signedl EMILE LEONARD. by. r.
A true copy from the original.
W. j. FORMENTO. Not. Pub
apr 10 Il II may 1 :, 1913