The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-29
AMENDMENT TO CHARTFI
OF NEW ORLEANS SUBURBAN LAND
COMPANY.

VI NEW ORLEANS SUBURBAN LAND
COMPANY.
State Of Louisiana, Parish of Orleans, City
Of New Orleans
BE 1t known, that on this twenty-eghth day
OF the month OF June, in the year OF our
Lord one thousand nine hundred and fifteen
before me, Francis Z. Burns, notary puDnc
duly commissioned and qualified in and Tor
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. c. De
Mango and a. +. DeMange, 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 tact, as will appear more fully by
to said St. Clair Adams by said X. c. De-
Mango and said A. E. DeMange hereto an
neXed, referred to and made a Part hereof
the said X. c. DeMange appearing herein as
aforesaid as president, and the said A Z.
DeMange appearing herein as aforesaid as
secretary of the New Orleans Suburban Land
Company, a 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, 1918, and duly
recorded in the mortgage office of this parish
in book 1883, folio =.
Who declared that they in their said capa-
cities as president and secretary were au-
thorized and directed to carry the said reso-
lutions into effect, by executing a formal
notarial minute of the same and causing the
said amendments to be recorded, published
and filed in accordance with law.
Now said appeaners, 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 II was ordered by the unani-
nous vote of said board of directors at said
meeting, and that said amendments were duly
authorized anG ordered by resolutions adopted
by the vote of the holders of more than three
hfths (3-S) of the outstanding shares of each
class of the capital stock of the said New
Orleans Suburban Land Company issued by
1t, 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 a written no.
tice to all of the said stockholders; that said
amendments were authorized and ordered by
more than three-hfths (3-5) of all of the
stockholders authorized by its charter to par
ticipate in meetings of its stockholders and
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 as follows:
LIST. Article Three of the articles of incor-
poration or charter of the said New Orleans
Suburban Land Company was amended SO as
to read as follows:
The capital stock of this corporation shall
be one hundred and thirty thousand (S13O,OO0)
dollars, divided into and represented by
thirteen hundred $500 shares of the par
value of one hundred (SlOOOO) dollars per
share; of such capital stock, eight hundred
5000 shares thereof amounting TO eighty thou
sand (SS0,00O0O dollars shall be preferred
stock with full voting power, and FIVE hun
1red $500 shares thereof amounting to fifty
thousand S50,00000 dollars shall be common
stock without voting power.
Ownership or possession of the common /
stock shall not give the owner possessor |
hereof the right to vote or participate in
my meeting of the stockholders of the COR !
,oration.
The holders of the preferred stock shall be |
entitled to receive from the surplus or net |
lends at the rate of six co. per cent per |
Innum, payable annually on days to be fixed |
~ the bylaws.
The dividends on the preferred stock shall |
'e cumulative and shall be payable before |
my dividend on the common stock shall be /
aid or declared, SO that if the dividends |
hereon amounting to six per cent, shall not
ave been paid in any year the deficiency
hall be paid before any dividends shall be
declared or paid on the common stock. When
yer all cumulative dividends on the pre-
erred stock for all previous years shall have
een declared or paid, or a sum sufficient for
he payment thereof shall have been set aside
or that purpose, then the board of directors
ut of any available remaining surplus or
et proceeds may and shall declare dividends;
which dividends shall be payable equally on ]
II of the outstanding capital stock, both COM