The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-18
AM ENDMEN TO
Gu ADTED

OF UNITED FISH AND OYSTER Co
jmted States Of America. State OF Louisiana
Parish % Orleans. City 81 New Orleans.
Re Il known that on this second day Of the
month OF june Iu the year OF our ord one
thousand nine hundred fourteen before me
Joseph kcuton Rallcy. a notary public IN ana
tor the parish ot Orleans, state Of Louisiana
duly commissioned and qualified. and IN the
presence OF the witnesses hereinafter uarled
and uudcrs lgucd, personally came and ap.
peared: lst, LOUIS II. Price, 2nd George J.
Stevens.
Herein appearing and acting in their capaci.
ties as wee president and a. temporary sec
Rotary, respectively, pt the special meeting OF
the stockholders Of the uIfcd Fish X Oyster
Company, a Louisiana COOPERATION. domICilCC
IN the city OF New Orleans, originally organ.
Ized by act passed before Philip Gcnsler, j.
a notary public in this city, on April 10. 1912
and recorded IN the mortgage otnce IN tn US
parish in book loss, folio -: their authority
IN the premises being evidenced by resc.
luton duly passed by said stockholders meet.
ing, a certified copy OF the minutes OF which
meeting Is annexed hereto and made part
hereof, who declared that AZ general meet
ing OF the stockholders Of said corporation
held on the. 25rd day Of May. 1914. at the Of
nee OF SAID corporation and which meeting
had been convened in accordance with law
and the charter OF said corporation. articles
III and ~ of the charter of said corporation
were amended as 10 read as follows:
Article lll.-Thc capital stock OF this cor
pOratIOn shall be one million fSlOOUOuD
dollars, divided into and represented by two
thousand three hundred and thirteen (25l5l
shares OF hTSt preferred stock; two thousand
six hundred and eighty seven t26S7) shares OF
second preferred stock; and five thousand g.
bO) shares OF common stock, all Of the pa
value OF one hundred dollars $4,000 each,
which SAID stock shall be paid for in cash at
such times or in such portions thereof as the
board of directors may require or the same
may be issued fully paid and worcestershire. at
not less than par IN payment or exchange for
property or rights. actually received or pur-
chased by said corporation, or the same may
be issued fully paid for money advanced or
for such other valuable consideration or for
services rendered as the board Of directors
may determine.
The holders Of the preferred shares shall
he entitled to receive in respect TO such pre-
terred shares as and when declared hv the
board OF directors, yearly interest or dividends
At the rae of seven per cent per arum from
date and no more, which said interest or div.
idendS shall accrue each year at all cvel's
and shall be cumulative, provided that no div
ldendS or interest shall during the lire OF the
corporation, or in case Of its dissolution he
paid the holders of second preferred stock an
III an DIVIDENDS or interest shall have been
paid 10 the holders of the first preferred stock
AT no time shall any dividends be declared.
set apart tor or paid upon the common shares
unless at such time all cumulative dividends
or interest on the first and SeCOEd preferred
shares unpaid, shall have been pad or pro-
vided for
The said preferred shares shall be entitled
to no preference over the common shares IN
the corporation, except as regards such cumu-
lative dividends or interest as may be unpaid
on the said preferred shares up to the date
or iquidated
The first preferred stock may be called in
and retired by the board of directors after
May IS, 1918, and the second preferred stock
after May IS, 1914. Whenever the net profits
OF the company sufficient for said pur.
pose, the board of directors, by mailing a no
tice to that effect to each preferred share
holder OF record at his last known poStoifice
address, at least ten days previously, may,
at any date named in said notice, call in and
purchase from the stockholders of record
their preferred shares of stock as herein pro-
ylded at the price OF one hundred and FIVE
dollars per share, plus all cumulative divi-
bends as may be due and unpaid up to such
date, or may call IN and purchase any por
ton thereof by allotment amongst the total
number of preferred shareholders.
Such call having been made. and the mo-
ney available for such purposes having been
set aside, all rights of the holders Of the pre-
tered stock called in shall close on and after
Nor shall the officers and directors. in the
event OF such call, pay any dividends what
ever on the preferred stock until that stock
snail have been surrendered in response TO
the call.
The preferred stock so called and purchased
shall be cancelled and not again reissued.
The right to 50 call and purchase shall be
expressed on every certificate of preferred
stock as notice thereof to all purchasers
and holders thereof
The board of directors of this corporation
shall be further authorized to employ, at
such times and in such amounts, as it NAV
deem eXpedient the net profits of the corpof-
alton in the purchase of the preferred stock
OF the corporation at one hundred and five
dollars tSl05.00 per share. The stock so pur-
chased shall be cancelled and not again re-
issued
No shares of second preferred stock shall be
called in or purchased until all of the first
preferred stock shall have been called in or
purchased as hereinabove provided.
Holders of preferred stock shall not have
the right to vote at stockholders meetings
except as hereinafter provided.
Any stakeholder desiring to sell, assign
or transfer his stock in the corporation must
first give thirty days notice of his intention
to the board Of directors, which shall have
the exclusive right, within said period, to