The herald., 1914-12-24
AMENDMENTS
TO ARTICLE " OF THE
CHARTER OF THE NEW ORLEANS L.
SHORE LAND COMPANY

CHARTER OF TIE NEW ORLEANS Lane
SHORE LAND COMPANY
United States of America, State OF Louisiana,
Parish OF Orleans, City OF New Orleans.
BE II known and remembered that on this
18th day OF the month OF November. in the
year OF our Lord one thousand nine hundred
and fourteen, and OF the independence OF the
United States of America the hundred
and thirty y-ninth, before me, Alfred Charles
hammer, notary public, duly commissioned,
sworn and qualified III and for the parish Of
Orleans, state OF Louisiana, therein residing,
and i'll the presence OF the witnesses herein
after named and Undersigned personally came
and appeared: Frank B. Hayne and Musgrove
L. Morrison, respectively the president and
the secretary OF the New Orleans Lake Shore
Land Company, who declared unto me, notary,
that a meeting of the stockholders OF the New
Orleans Lake Shore Land Company held
on the 24th day Of October, 1914, at II o'clock
a. m. al the office of the company, in the city
of New Orleans, SS2 Union Street, after due
notice had been given III The Times -Picayune,
newspaper published in the city of New
Orleans, by due publication once week Tor
four weeks preceding the meeting and by a
written notice sent to each stakeholder mailed
to him 30 days prior TO the date OF the meet
ing at the post otlce address designated by
him in writing, said stockholders meeting
having been called for the purpose of amend
ing Article " of the charter of said COM
pany, providing for the issuance and sale for
cash, AT par, of SlOyO,OOouc OF preferred GU
muldtIve capital stock.
That at said meeting of stockholders, So held
on the oath day OF October. 1914, at II o clock
a. m, I was resolved by the unanimous vote
Of all the stockholders present and repre-
sented at said meeting, there being present
and represented AT said meeting lS,72+ shares,
being 9362 per cent OF the total capital stock
Of said company, "a certIhed copy OF the MIN
UteS Of which meeting Is hereto annexed,
that Article ~ OF said charter be amended
hereinafter set forth.
And the said Frank b. IIayne and the said
MuSgrove l.. Morrison, respectively the pres
ideut and secretary of the New Orleans Lake
Shore Land Company, further declared unto
me- notary. that under due authority OF said
1914. they and each OF them appear before me,
notary, for the purpose OF embodying the
amendment to Article " Of the charter OF
the New Orleans Lake Shore Land Company
in nOtaral form; and they now declare unto
me, notary, that Article ~ of the charter OF
the New Orleans Lake Shore Land Company
shall he amended SO as to read as follows,
to-wit:
Article IV-The capital stock of said cor
poration j. hereby fixed at the sum OF three
millions OF dollars divided into and repre-.
Scnted hy thirty thousand shares OF stock on
the sum of one hundred dollars each. Ten
thousand of such shares shall be known as
preferred stock. and twenty thousand OF such
shares shall be known common stock. sep
aratc and distinct certificates shall be issued
for each class OF stock. The preferred stock
| shall be entitled to a cumulative dividend OF
eight per cent per annum from date OF lSSu-
auce and sale by the company, to be paid by
preference over any dividends on the COM
! mon stock, and shall be paid in preference
| 10 the common stock in case OF liquidation OF
! the affairs OF the corporation. The corpora
! ton shall have the right to buy and retire the
| preferred stock at par and accrued cumulative
| dividends at any time after ninety days no