The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-05

mon and preferred.
In the event of the liquidation, dissolution
| or winding up of this corporation either vol
untary or involuntary, the holders of tht
| preferred stock shall be entitled to be paIC
IN full both the par value of their share:
and the unpaid dividends accrued thereon, il
any, before any amounts shall be paid TO the
| holders OF the common stock; and after thS
payment 10 the holders OF the preferred STOCK
Of its par value and unpaid accrued dividends
thereon, the remaining assets OF the corpora
ton shall be divided equally among the hold
ers OF the common stock
The stock OF this corporation, both common
and preferred, shall be paid for either II
property, services cash as may be deter
mined by its board of directors, and II shall
begin business and be considered = going cor
poration when one hundred (llO) shares, par
value ten thousand (SlO0UlUO) dollars or more
OF ITS preferred shares have been subscribed
, and paid for IN property, services or money
as determined by its board OF directors.
2ud. The subscriptions to the capital stock
/ Of said corporation which by Article SIX O.
| the articles OF Incorporation or charter OF the
| said New Orleans Suburban Land Company
were made part of sand articles Of Incor'
| pOratIOn or charter IN order that said charter
! might serve as the original subscription list
required by law were amended that the sub.
sCTIpuOus To the preferred stock OF sand New
! Orleans Suburban Land Company re-
| duced and amended IS TO read follows
/ !. +. Funk, l96 shares. $l9,SooOO; J. D. Funk
| lgS shares, Sls,SpgOy; \. r. DeMange, -,
| shares, SONOUOI; X. {. DcMange, 20 snarv-
S0,mOO1; II. l.. Fayrot, shares, $2oOoo
! ". +. Laugworthy, shares. $4,000.
! 3rd. The subscriptions to the common stool
| Of said New Orleans Suburban Land Tom
J pan" which by said article six OF the articles
Of Incorporation or charter Of said New "
| leans Suburban Land Company were made
part OF said charter that the said charlr,
mi ght serve the original subscription lis
as required by law were reduced and ameude,
50 as to be and read as follows:
! H. L. Favrot s shares, $4,000; W. p. Lang
shares, 5000; J. d. Funk, s shares, $4,000
4. +. DeMange, shares, $4,000; X. {. De
| Mango, shares, $1,000.
And that all other subscriptions both to tn
preferred stock OF the said corporation AM
the common stock OF the said corporation wer
cancelled and declared of effect.
| The whole as will more fully appear b.
reference to a certified copy of the proceeding
OF said meeting of the said stockholders O
the said New Orleans Suburban Land Com
pany hereto annexed, referred to and mad
part hereof just as ii the same were actual
embodied herein.
We, r. c. DeMange, president, and A. +
DeMange, secretary Of the New Orleans Sui
urban Land Company, do now declare an
certify that the whole amount OF the ascer
tanned debt and liabilities OF said corpora
tion is one hundred and thirty thousan
Cl0,UOOO dollars.
Thus done and passed, in my notarial Office
in the city OF New Orleans, in the presenc
OF Arthur p. Portas and John X. Upton, con
petcnt witnesses, OF lawful age, residing /
this city, who have hCreunto subscribed thei
names together with the said appcarer, an
me notary, on the day and date above writ
ten after due reading OF the whole.
Original Signed: X. c. DeMange, Presiden,
New Orleans Suburban Land Co., by St. Clai
Adams: 4. +. DeMange, Secretary New Or
leans Suburban Land Co., by ST. Clair Adam
Witnesses: Arthur p. Portds, John h. UpJor
A true copy.
FRANCIS T. BURNS, Notary Public
l, the undersigned recorder of mortgage
in and for the parish Of Orleans, State q
Louisiana, do hereby certify that the aDov
and foregoing act Of amendment to the char
ter of the New Orleans Suburban Land Con
pauy was this day duly recorded in my ono
in book 1857, folio -.
New Orleans, June 2Sth, 1915.
(SignedD EMILE J. LEONARD, by. +
A true copy.
FRANCIS P. BURNS, Notary Pubic
july IS p % aug