The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17

major secretary treasurer of, THE Dugan
Piano Company" a duly Incorporated insti-
tuition organized under the laws OF the STATE
of Louisiana, domiciled In the city OF New
Formento. notary public, In this CITY, on
the sixteenth day Of January, i9l2 re-
corded in the mortgage office for the parish
of orleans, In book 1851, folio NO. 54o, as
amended by an act passed before the under
signed notary on November 20, l9lZ
Which said appearers declared, that at
the meeting Of the stockholders OF the cor
poration, held on March 10, 1913, after due
notice by the directors, published In the
Algiers Herald a weekly newspaper In New
Orleans once a week for thirty DAYS, ana
pursuant to written copy OF said NOTICE ue
paid and addressed to each stockholder at
his usual place of residence thirty DAYS
prior TO March 10, 1913, certain changes
charter of the said corporation were adopt,
ed which Article was changed and AMENDED
so as TO read as set forth below, the whole
as shown by a duly certified fs copy s, OIL. the
ARTICLE ""
"The amount Of the capital stock On this
| corporation is heerby fixed at the sum or
two hundred thousand dollars (S209 Oooool;
which shall be divided into preferred and
common stock. OF the preferred there shall
be two thousand (2,OOOl shares OF the par
value of fifty dollars (S5O:OO) EACH and OF
| the common there shall be two thousand
lars $50 OO) each. Said one hundred thou
sand dollars (S1O0,0OO.0O) preferred stock
shall be entitled to receive dividends at the
| rate of eight per cent per annum payaDle
| semi-annually on the first Monday OF Janu-
/ ary and the first Monday In July or each
| wear out OF the earnings OF said corporation
before any dividend shall be paid upon the
4 cumulative so that any deficiency In the div
idends to be paid In any year on said pre-
ferred stock shall be made good out or tht
AnA
dividends shall be paid on the common
stock and in case the earnings or the cor
poration shall permit a dividend In excess
Of eight per cent 1917 to be paid semi
: 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
s arrears of dividends shall be paid to tn
{ holders OF preferred stock and the share
e of preferred stock shall be paid In full bt
o fore any payment shall be made to the hole
Y ers of the common stock, but when such al
said preferred stock shall have been pai'
!. the holders thereof shall receive no otht
or additional payments whatever.
| Said preferred and common stock sha
be issued for cash, property, rights, leas'
or opt1ons actually received by or for sc
: vices actually rendered to this corporation
and when issued shall be fully paid and no
assessable.
This corporation shall become goir
concern as soon as one thousand (100t
shares of stock have been subscribed.
transfer of stock shall be binding on q
tcorporation until made on Its books"
The said appearers declared also, tn
F they appear herein on behalf of all 4
: stockholders Of 1.-THE Dugan Piano Col
pany," by virtue of a resolution Of {
of stockholders of the said company, pass
lr March 10, 1913, at the special stockholdel
r. meeting that the said resolution empo
ID cred them to sign all acts, papers and d.
I'd uments necessary to carry into effect {
r. aemndment Of the charter of The Dug
I'd Piano Company" In the manner and fol
w as above provided; that their authority
in the premises fully appears by reference
es the certified copy Of the minutes Of the 81
n. cial meeting Of the stockholders of st
n. Dugan Piano Company" annexed to 4
It. act.