The herald., 1914-11-26
AMENDMENTS
TO ARTICLE w OF THE
CHARTER OF TIE NEW ORLEANS LAKE
SHORE LAND COMPANY

L
CHARTER OF THE 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 one hundred
and thirty ninth, before me, Alfred Charles
hammer. a notary public, duly commissioned,
sworn and qualified IN and Tor the parish Of
Orleans, state OF Louisiana, therein residing,
and in the presence Of the witnesses herein
after named and undersigned personally came
and appeared: Frank Il. Hayue and MusgTOye
l.. Morrison, respectively the president and
the secretary of the New Orleans Lake Shore
Land Company, who declared unto me, notary,
that meeting of the stockholders OF the New
Orleans Lake Shore Land Company was held
on the 2+th day OF October, 1914, al II o'clock
a. m, at the office OF the company, in the city
OF New Orleans, SS2 Union Street, after due
notice had been given in The Times Picayune,
a newspaper published III the city OF New
Orleans, by due publication once a week for
four weeks preceding the meeting and by a
written notice sent to each stakeholder mailed
to him 70 days prior to the date of the meet
ing at the post office 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 Sl,OJO,00OO OF preferred Gu
mulative capital stock.
That at said meeting of stockholders. So held
on the 24th day OF October, 1914, at II O'Clock
a. m, il was resolved by the unanimous vote
of all the stockholders present and repre-
scented at said meeting, there being present
and represented at said meeting 1924 shares,
being y262 per cent OF the total capital stock
OF said company, Ga certified copy OF the MN
utes of which meeting i hereto annexed,
that Article ~ OF said charter be amended
as hereinafter set forth.
And the said Frank b. Hayne and the said
Musgrove l.. Morrison, respectively the pres
ident and secretary OF the New Orleans Lake
Shore Land Company, further declared unto
me, notary, that under due authority OF said
stockholders meeting, held on October "A,
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 nOtarial form; and they declare unto
me, notary, that Article " of the charter OF
the New Orleans Lake Shore Land Company
shall be amended so as TO read as follows,
tO-wIt:
Article IV-The capital stock Of said cor
poration is hereby fixed at the sum OF three
millions OF dollars divided into and repre-
sented by thirty thousand shares of stock OF
the sum OF one hundred dollars each. Ter
thousand of such shares shall be known as
preferred stock, and twenty thousand OF sucf
shares shall be known as common stock. sep
aratc and distinct certificates shall be ISSUED
for each class OF stock. The preferred stool
shall be entitled to a cumulative dividend o.
eight per cent per annum from date OF issu
| ance and sale by the company, TO be paid by
preference over any dividends the com
| mon stock, and shall be paid IN preference
| 20 the common stock in case OF liquidation o
| the affairs Of the corporation. The corpora
| ton shall have the right 10 buy and retire th
| preferred stock at par and accrued cumulative
| dividends at any time after ninety days no