The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-11
AMENDMENT TO
CHATTER

CHARTER
OF CONSOLIDATED REALTY AND MAN
TFACTI'RING COMPANY.
state of Louisiana, Parish Of Orleans, city
OF New Orleans.

September, nineteen hundred and thirteen
19l3l, before me, GEORGE Non 'SoIneLA, a
notary uuhlic duly commissioned and quail
fed in and for the parish Of orleans anu
city OF New orleans, therein residing per,
sonally appeared: Mr.. Philip Forschler ana
Mr.. William Rcuaudin. boih OF IN" Iuli a='
Of majority and residents Of this "lty, mere
in acting as president and secretary TeSI%tI-
iVnIv of The Consolidated Realty and Man
ufacturing Company, Limited, corpora
ton domiciled ami doing bu' mess IN ms
CITY. and organized under the laws OF ms
state by act passed before william tenan-
corded in mort ge office book 1853, folio
III and by virtue Of resolutions adopted ny
the stockholders Of said corporation AT a
meeting held on September ), 1913, cerl,
fled copy whereof Is hereto annexed ana
made part hereof; which appearerS, acting
as aforesaid, declared that
Whereas. at a meeting of the Stockh0ld-
..rs OF said corporation held on September
2, 1918. at It's office in this city. the ncceS.
sarv amount of stockholders being present
or represented amendments 10 the ireamhe
and TO Articles |, ii, Ill and OF the char-
ter as below shown were adopted by me
unanimous vote of all the stockholders pres
ent or represented al said meeting, and
Whereas GppCarerS were authorized ny
said resolutions to appear before the under
signed notary public and embOdy the de
sired amendments to said charter In no
tarial act so as 10 conform 10 the law and
to serve in justice may appertain, or oc-
'casion may require;
Now therefore the said appearerS, acting
a. aforesaid have requested me, notary, 10
nromulgate said amendments and make them
na ri of the charter of said corporation 10
the end that said amendments shall hence,
forth have the same force and effect as II
the original articles of Incorporation had
read as they will read as now amehded
l. said notary, have accordingly promul-
GATED said amendments and do by these
presents make them part OF the original
articles of Incorporation to serve as III Jaw
and Justice may appcrtain, or occasion may
require to the end that said original artl,
cles OF Incorporation, as now amended shaii
hereafter read as fo,l@ S,Di to-wit;
"Be 1t known that on this 3rd day OF
December in the year one thousand nine
hundred and twelve, before me, William
Renaudin, a notary public In and Tor the
parish of Orleans state of Louisiana, duly
commissioned and qualified. and in the pres.
ence of the witnesses hereinafter named and
undersigned, personally came and appeared
the persons whose names are hereunto sub
scribed all above the full age OF majority
and residents of this city who severaly de
clared that avaiing themselves OF the pro
visions of an act Of the legislature of this
state known as act No. as OF 1904, as wei
as Of those of the general laws or this state
relative TO the organization OF corporations,
they have formed and organized. and do by
these presents form themselves into and
constitute corporation for the objects ana
purposes and the stlpulations and agree,
ments hereinafter set forth and expressed
which they hereby adopt as their charter.
to-wit:
Article 1.-The name and title of this
CORPORATION hereby formed Is declared TO
be 1.-The Consolidated Realty and Manufac-
turing COMPANY" Its domicile shall be
in the city OF New Orleans, state of Louisi-
ana and 1t shall have and enjoy succession
bv Its corporate name for period OF ninety
nine years from and after the date thereof
All citations or other legal process shall
he served upon the president and IN the
event Of mis- absence or inability to act from
any cause. the same shall be served upon
either the vce-presldent or manager OF the
corporation.
which this corporation Is organized and the
nature Of the business 10 be carried on by IL
are hereby declared 10 be the purchase ana
sale either for cash or on terms, of improved
and unimprOVed real estate in the city OF
New Orleans or elsewhere and the erection
of buildings for dwellings, store or other
purposes the erection by general contract
or otherwise of any and all kinds OF build
ings to sell real and personal property Tor
its own account or on commission and TO
borrow or lend money on real estate or other
collateral: TO manufacture, purchase and
sell building materials of all kinds TO erect
buildings, warehouses. etc, and install there
in all necessary machinery necessary in the
furtherance of its business and to own and
operate vessels, motor boats or other water
craft for the transportation OF Its materials
TO buy, sell, take: own, hold and deal In
tions. bonds, mortgages, pledges, chooses in
action, judgments. etc, the same to sell or
hypothecate at pleasure; to buy and other
improve, develop and sell timber lands and
other real estate and to buy, build, con-
struct, own, operate and lease sawmills and
planning mills and to manufacture and pre-
pare for market transport, import. export
deal in any article or product incident Ia
the character OF the above business, 1t being
thereby intended TO acquire by purchase or
manufacture or otherwise all supplies and
materials necessary or convenient for use
In connection with and In accomplishing the
objects above mentioned and every part
thereof.
Article II-The capital stock OF this
corporation Is hereby fixed at the sum OF
two hundred thousand dollars $500. OOO.O0)
represented by eight thousand shares $4,000
of the par value Of twenty-five dollars (S25)
each, which shall be paid for in cash II
such amounts and manner and at sucf
times as the board OF directors may deter
mine, or the same may be issued for prop
erty actually received by or services actu
ally rendered to the corporation.
or such total authorized capital stool
two thousand shares amounting to hft!
thousand dollars ($J0.00000) shall be pre-
ferred stock and six thousand shares amount
Ing to one hundred and fifty thousand dol
lars (S1J0,00 .00) shall be common stock
The preferred stock shall be entitled on
OF any and all surplus net profits, wheneve
declared by the board OF directors to cumu
lative dividends the right Of but not eX
ceeding seven per cent per annum for tn
year beginning on the LIST day of Septem
Der, 1913. and for each and every fiscal yea
beginning January LIST, 1914, thereafter pay
able in preference and priority to any pay
ments of dividends on the common stock 10
such fiscal year.
The common stock shall he subject (
the prior rights of the holders Of the pre-
ferred stock as herein declared, except whe
the preferred stock shall be ineligible to REP
resentation on the board Of directors or 1
the management OF the corporation.
If after providing for the payment of full
dividend for any fiscal year on the preferre
stock there shall remain in surplus ne
profits for said fiscal year. then the sam
shall no anniPahlp 10 dividends th
common stock, when and as, from time I
time. the same shall he declared by tn
board of directors but not until after tn
dividends have been paid on the preferre
stock for said fiscal year.
Article V.-All the corporate powers o
this corporation shall be vested In and ex
ercised by a board OF not less than seve1
nor more than nine directors. composed o
stockholders, majority Of whom shall con
stitute a quorum for the transaction of al
business.
Immediately upon the signing of this &C
of Incorporation. the stockholders shall NEE
and elect directors who shall serve as suel
until the second Monday In January 1914
or until their successors shall have beef
duly elected and qualified. and said boar
so elected shall convene at once and elec
president, vice-president and secretary
treasurer. who shall hold Office during tn,
term of said board.
On the second Monday In January, 1914
and annually thereafter an election of di
rectors shall be held at the Office Of the cor
poration under the supervision of two com
missi0ners to be appointed by the presiden
and the directors then elected shall imme
diatey take their seats and hold office unit