The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22
AMENDMENT TO CHARTER
Am NDMENI % NHAN TEX
OF NEW ORLEANS SUBURBAN LAND
COMPANY.


State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known, that on this twenty-eighth day
OF the month OF june, in the year OF our
Lord one thousand nine hundred and fifteen,
before me, Francis i. Burns, a notary pubic,
duly commissioned and qualified, in and IoI
the parish OF Orleans, State of louisiana,
therein residing, and in the presence Of the
witnesses hereinafter named and undersigned,
personally came and appeared: X. {. De-
Mango and A. +. Dehauge, through St. Clair
Adams, Esq, of lawful age, residing in the
parish Of Orleans, State OF Louisiana, their
duly appointed and qualified agent and attor-
ney in fact, will appear more fully by
reference to the powers Of attorney directed
to said St. Clair Adams by said X. G. De
Mango and said A. T.. DeMange hereto an
ncxed, referred to and made a Part hereof;
the said K. {. DeMange appearing herein as
aforesaid as president, and the SAID A. +.
DeMange appearing herein aforesaid as
secretary of the New Orleans Suburban Land
Company, corporation duly incorporated
under the laws of this state, domiciled in
the city Of New Orleans, created by an act
passed before Lewis X. Graham, notary pub
lie, on the 10th day of August, 1913, and duly
recorded in the mortgage office OF this parish
Who declared that they in their said capa-
cities as president and secretary were au-
thorzed and directed to carry the said reso.
buttons into effect, by executing formal
notarial minute of the same and causing the
said amendments to be recorded, published
and filed in accordance with law.
Now said appearerS, acting as aforesaid, de-
clare that the articles OF Incorporation OF the
| said New Orleans Suburban Land Company
have been amended as hereinafter set forth;
that said amendments were proposed at a
meeting of a board of directors OF said New
/ Orleans Suburban Land Company held in New
Orleans on the 18th day OF January, 1915, and
were duly authorized by said board of direc-
tors, and that it was ordered by the unani-
nous vote of said board of directors at said
| meeting, and that said amendments were duly
authorized and ordered by resolutions adopted
by the vote of the holders of more than three
! ifths (3-5) of the outstanding shares of each
J class of the capital stock Of the said New
! Orleans Suburban Land Company issued by
| il, the said New Orleans Suburban Land
| Company, at a special meeting of the stock
holders of the said company held on the 18th
day of March, 1915, pursuant to written no
| tice TO all of the said stockholders; that said
| amendments were authorized and ordered by
more than three-ffths (5-5) of all of the
I stockholders authorized by its charter TO par
| ticipate in meetings of its stockholders and
| to vote therein; which said special meeting
! of said stockholders was called for that pur-
pose in the manner prescribed in the by
| laws of the corporation; which said amend
| ments are follows:
lst Article Three of the articles of incor-
| poration or charter of the said New Orleans
| Suburban Land Company was amended SO as
to read follows: :,
The capital stock of this corporation shall
| be one hundred and thirty thousand (Sl5O,OOc)
dollars, divided into and represented by
thirteen hundred $500 shares of the par
| value of one hundred (Sl00.00) dollars per
share; of such capital stock, eight hundred
| 5000 shares thereof amounting to eighty thou
| sand (sSOOOOO0 dollars shall be preferred
stock with full voting power, and five hun
dred $500 shares thereof amounting to nifty
| thousand (SS00O0.00 dollars shall be common
stock without voting power.
| Ownership or possession of the common
stock shall not give the owner or Possessor
thereof the right to vote or participate IN
any meeting of the stockholders OF the cor
poration. .
| The holders of the preferred stock shall be
entitled to receive from the surplus or net
profits of the corporation, If any, yearly divl'
/ dends at the rate of six 90 per cent pei
annum, payable annually on days to be liked
by the bylaws. .,
| The dividends on the preferred stock shall
be cumulative and shall be payable before
anv dividend on the common stock shall be
paid or declared, that if the dividend:
thereon amounting to six per cent, shall moi
have been paid in any year the dehciene>
shall be paid before any dividends shall bt
declared or paid on the common stock. When
ever all cumulative dividends on the pre-
ferred stock for all previous years shall have
been declared or paid, or sum sufficient 10
the payment thereof shall have been set asid'
for that purpose, then the board of directors
, out of any available remaining surplus o.
net proceeds may and shall declare dividends
. which dividends shall be payable equally OF
all of the outstanding capital stock, both com