The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-05
AMENDMENT TO CHARTER OF NEW OR
LEANS REALTY x INVESTMENT
COMPANY.

AMENDMENT TO CHARTER OF NEW Or
LEANS REALTY INVESTMENT
COMPANY.
STATE OF LOUISIANA,
PARISH OF ORLEANS.
BE it known that on this 2nd day of June,
1913, before me, Edward b. Ellis, notary
public, duly commissioned in and Tor the
parish of orleans, state Of Louisiana, ana IN
the presence of the witnesses hereafter nam
ed and undersigned, personally came and ap-
,pcarpd John VI. TOelke, vice-preSldent OF the
New Orleans Realty 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 Fl, 1913,
who scvcrally declare, as VIII appear Dy
reference to certified copy of the minutes
of a general meeting of stockholders OF SAID
corporation, annexed hereto as part hereot,
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
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 p, 1913,
for and in behalf Of said corporation, and
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 lN.-The capital stock of this
corporation shall De 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 going concern, thirty three shares
having been subscribed for by the sgners
hereto. Any stakeholder may sell and
transfer his stock in this corporation, pro-
vided 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 stakeholder TO any liability beyond the
! balance, If 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,OOO.OO, divided
| into 1000 shares OF common stock and 3 200
shares of preferred stock (preferred stock
| TO be non-votingD of a par value of $1,000
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 3 pei
cent payable miannually, on the 1st OF
January and July In each year, which shall
be cumulative.
In case of the dissolution Of this corpora
ltlOn, the preferred stock shall be liquida TED
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 L
al Fri tod
stock outstanding.
The failure to pay dividends upon the pre-
terred stock for two years, shall give the
holder thereof the right to liquidate the cor
The preferred stock or any part thereof
may be retired by the board of directors
one year from the date of its issuance, or al
any succeeding year. upon the payment N
the holder of the par value and ali diyi.
bends due to the date of payment
All certlhcates OF stock shall be signed
by the president and by the secretary, and
snail 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
me slsners hereto. Any stakeholder may
sell and transfer his stock in this corpora.
ilon, provided twenty days notice of such
| intention be given the company. and the
Iolher stockholders shall have the first priyi-
leSe OF purchasing same. No stockholder of
| this corporation Shall ever be held IiahIa or
| responsible for the contracts or faults there.
Oh IN any further sum than the unpaid hal.
ance due the company on the shares OF stock
subscribed for or owned by him: nor shall
any lntormality in organization have the of.
| lect OF rendering this charter null. or Of ey-
posing stakeholder 10 any liabiIitv no
yond the unpaid balance, IL any, OF his
Appearers further declare that they do
| hereby authorize and require the said char,
Ter ana amendment to be duly Registered
ana published according to law TO the end
| lnal ihe same may be operative and hindin1
on all persons who are now or NAV bnrae
alter become stockholders Of said cornors.
| llon; or become otherwise Interested therein
inus done and passed in nv Office In Nau,
lorieahs, La, on day and date herein frst
| NIIieh III the presence Of Louis Hereford
anu uerDert W. Kaiser, competent witnesses
VINO hereunto sign their names with said
appearerS and me, notary, after due reading
lOriginal slgned) John VI. Toelke chair.
man r j. Keller, secretary L. Hereford
H. W. hdiser' EDWARD Il. ELLIS.
l, the undersigned deputy recorder n,
| mortgages Tor the parish OF Orleans do
hereny certify that the foregoing act amend,
ing the charter Of the New Orleans Really
ana investment Company was this dav dnIyy
recorded In book No. loss, folio =.
| New Orleans La, June 4, 1919
| signed EMILE ]. LEONARD, d. r.
| true copy.
| 49,, EDWARD b. ELLIS,
irnne oo. Notary Public