The herald., 1913-06-26
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 Il. Ellis, notary
public, duly commissioned in and for the
parish OF Orleans, state Of Louisiana, and in
the presence of the witnesses hereafter NAM
ed and undersigned, personally came and ap-
| peared John NJ. Toelke vice-president of the
! New Orleans Realty 4 Investment Company
| and Francis j. Keller, secretary-treasurer
| of said corporation, chairman and secre-
holders Of the New Orleans Realty & In
vestment Company, held on May 81, 1913,
who severally declare, as will appear by
of general meeting of stockholders Of said
| corporation, annexed hereto as part hereof,
| a general meeting OF the stockholders OF the
said New Orleans Realty & Investment Co.,
was held al 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, II
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
| 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 going concern, thirty-three shares
hereto. Any stakeholder may sell and
transfer his stock In this corporation, pro-
vided twenty days notice of such intention
be given the company, and the other stock
holders shall nriVilppp n
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
ing stakeholder 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 S50,0OO.OO, divided
into 200 shares of common stock and 800
shares of preferred. stock (preferred stock
to be nen-votingl Of a par value of $4,000
each, to be paid In cash at such time as the
board Of directors may determine, IT 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 LIST of
January and July In each year, which shall
Ia case of the dissolution of this CORPORA
ton, the preferred stock shall be liquidated
az 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 |
The failure to pay dividends upon the pre-. |
ierred stock for two years, shall give the |
holder thereof the right to liquidate the cor
The nreferred stocl ar an . 49,.
may be retired by the board of directors.
one year from the date of its issuance, or at |
any s succeeding year, upon the payment to
dends due to the date Of payment.
All certificates 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 going concern, thirty |
three shares having been subscribed for by |
the signers hereto, Any stakeholder may
tion, provided twenty days notice of such |
intention be given the company, and the
other stockholders shall have the first privi- |
iege OF purchasing same. No stakeholder of
responsible for the contracts or faults there
OF In any further sum than the unpaid BAL
anee due the company on the shares Of stock
any informality In organization have the ef
feet OF rendering this charter NULL or of eI-
posing a stakeholder to any liability he
stock"
Appearers further declare that they do
hereby authorize and require the said char
ter and amendment to be duly registered
and published according to law, to the end
that the same may be operative and binding
on all persons who are now, or NAV here.
after become stockholders OF said corpora
tion, 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
and Herbert W. Kaiser, competent witnesses.
who hereunto sign their names with said
appearers and me, notary, after due reading
of the whole.
(Original signed) John NJ. Toelke. chair
man: =. J. Keller, secretary. L. Hereford,
II. w. Kaiser. EDWARD B. ELLIS,
Notary Public.
], 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
New Orleans Realty & Investment Co. was
amended, was this day duly recorded In NV
Office, In Book 1858, folio sic.
EMILE ]. LEONARD, d. r.
New Orleans, June 4, 1913.
A true copy.
EDWARD B. ELLIS,
tSeall Notary Public.