The herald., 1913-04-10

major, secretary-treasurer of, The Dugan
Piano Company" duly Incorporated insti-
tuition organized under the laws OF the state
OF Louisiana, Gomiciled in the city or New
Orleans. created by act before William ].
Formento, notary public, In this city, on
the sixteenth day of January, 1912, re-
corded in the mortgage office for the parish
of Orleans in book 1851, folio No. 545, as
amended by an act passed before the under
signed notary on November 25, 1912;
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, weekly newspaper In New
orleans, once a week for thirty days, and
posted in the post Office Of this city, pre-
paid and addressed to each stakeholder at
his usual place of residence, thirty days
prior to March 10, 1913, certain changes
in and amendments TO Article Nv of the
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 duly certified copy OF the
minutes of said meeting neerto annexed:
ARTICLE ""
1.-THE amount Of the capital stock OF this
corporation Is heerby fixed at the sum of
| two hundred thousand dollars $500, 600. OO) +.
which shall be divided into preferred and
common stock. OF the preferred there shall
| be two thousand (2OO0) shares of the par
value OF fifty dollars (S50.OO) each. and OF
the common there shall be two thousand
| e, OOO) shares of the par value Of fifty dol
| lars (SjO.0O) each. Said one hundred thou
sand dollars $500, 00OO0) preferred stock
shall be entitled to receive dividends at the
| rate of eight per cent per annum payable
semi-annually on the first Monday of Janu-
ary and the first Monday In July OF each
year out Of the earnings of said corporation
before any dividend shall be paid upon the
| common stock, and such dividends shall be
cumulative so that any deficiency In the div
| idends to he paid in any year on said pre-
ferred stock shall be made good out Of the
earnings of subsequent years before any
dividends shall be paid on the common
Il stock and In case the earnings Of the cor
pOratiOn shall permit dividend In excess
of eight per cent (S&o) to be paid semi
annually, said excess earnings, wholly or II
part as the directors may deem advisable
I 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 TO tn
I holders of preferred stock and the share
of preferred stock shall be paid In full be
! fore any payment shall be made to the hold
ers Of the common stock, but when such ar
said preferred stock shall have been paid
the holders thereof shall receive no Othe
or additional payments whatever.
Said preferred and common stock sha
be issued for cash, property, rights. lease
or options actually received by or for SCI
vices actually rendered TO this corporation
and when issued shall be fully paid and moi
assessable.
This corporation shall become goin
concern as soon as one thousand 1000
shares of stock have been subscribed. y
transfer of stock shall be binding on III
corporation until made on its books"
The said appearers declared also, tina
Z they appear herein on behalf of all til
!, stockholders OF THE Dugan Piano Con
pany." by virtue of a resolution of ii
4 stockholders of the said company, passe
r March 10, 1913, at the special stakeholder
: meeting; that the said resolution empov
d cred them to sign all acts, papers and do
d uments necessary to carry into effect I'll
:. aemndment Of the charter of The Duga
d Piano Company" in the manner and for
n the premises fully appears by reference
5 the certified copy Of the minutes Of the sp
l. cial meeting Of the stockholders of ''Tl
D, Dugan Piano Company" annexed to tn
[, act.