The herald., 1913-06-12
AMENDMENT TO CHARTER OF NEW OR.
LEANS REALTY X INVESTMENT
COMPANY.
STATE OF LOUISIANA,
PARISH OF ORLEANS.

BE it known that on this End day of June,
1913, before me, Edward b. Ellis, notary
public, duly commissioned in and for the
parish OF Orleans, state of Louisiana, and in
the presence OF the witnesses hereafter man,
ed and undersigned, personally came and ap-
peared John VI. Toelke, vice-president of the
New orleans Realty & Investment Company,
and Francis j. Keller, secretary-treasurer
tary, respectively. OF the meeting Of stock
holders Of the New Orleans Realty & In
vestment Company, held on May u, 1913,
who severaiy declare, as will appear by
reference to certified copy Of the minutes
of general meeting Of stockholders of said
corporation, annexed hereto as part hereof,
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
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, 1913,
| 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 IV.-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-
| yided twenty days notice of such intention
be given the company, and the other stock
! hn1I Shan no ha frGt nriVilppp n
| chasing same. No stockholder 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
| ing a stockholder 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 $50000.00, divided
! into 200 shares of common stock and 800
| 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 per
| cent payable semi-annually, on the 1st Of
January and July in each year, which shall
| De cumulative.
In 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.
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 diyi-
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 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 priyi-
lege or purchasing same. No stOckholder of
TINS corporation shall ever be held liable or
responsible for the contracts or faults there
OF 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 lnformality in organization have the eff
reci Oh rendering this charter null, or Of ex-
posing stakeholder TO any liability be-
stock" '' " MS
Appearers further declare that they do
hereby authorize and require the said char
ger ana amendment to be duly registered
ana published according TO law, to the end
mat the same may be operative and binding
| on all persons who are now, or NAV here
| AFTER become stockholders OF said corpora
| tlon, or become otherwise interested therein.
Thus done and passed in my office In New
orleans, La, on day and date herein first
written IN the presence Of Louis Hereford
ana herbert w. Kaiser, competent witnesses
VINO hereunto sign their names with said
OF the whole.
Original signed) John NJ, Toelke chair
man r. j. Keller, secretary. L. Hereford.
H. W. halser. EDWARD B. ELLIS,
Notary Public
| l, the undersigned, Recordertof MORTGAGES
| IN ana Tor the parish of Orleans State of
Louisiana, do hereby certify that the above
ana foregoing Act of Incorporation of the
New Orleans Realty & Investment Co was
amended, was this day duly recorded in nv
| once, in Book loss, folio SIG.
EMILE j. LEONARD, d. r.
| New Orleans, June 4, 1913.
A true copy.
| s. EDWARD b. ELLIS,
| NcedIl Notary Public