The herald., 1915-07-15

untary or involuntary, the holders of the
! preferred stock shall be entitled to be paid
| III full both the par value OF their shares
| and the unpaid dividends accrued thereon, II
any, before any amounts shall be paid 20 the
holders Of the common stock; and after the
/ payment TO 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
/ CTs OF the common STOCK.
The stock Of tins corporation, both common
! and preferred, shall be paid Tor either IN
/ property, services or cash as may nc deter
mined by its board Of directors, and II shall.
begin business and be considered a going cor
1 poratIou when one hundred lIpl shares, par
value ten thousand (SlUUWtU dollars or mote
: OF ITS preferred shares have been subscriber
and paid Tor III property, services or money
as determined by IT'S board OF directors
md he subscriptions 20 the capital stock
OF SAID corporation which by Aru..c SlN y,
! the articles OF Incorporation or charter OF The
were made a part OF said articles OF iucOr-
I porat!ou or charter IN order that said charter
might serve the original subscription list
required by Law were amended su that the sub
! Scorpions 20 the preferred stock OF Said New
! Orlcans Suburban Land Company wc.c re-
duced and amended 50 as 10 read as follows:
J. +. Funk, Us shares, S9,SLly; d. Funk,
/ Us shares. Sl1SUo: \. +. DeMausc, -o
/ shares, S-0,DOyuu; X. c. DcMausc. ~ sna-r-
/ $4,000, II. L. Fayrot, , shares, $4,000;
/ ". T.. Lauswarthy, , shares. $4,000.
! 5rd. The subscriptions to the common stock
| OF said New Orleans Suburban Land I.r--
pauy which by said article SIX q the articles
! Of Incorporation OF charter OF SAID New Of-
! leans Suburban Land Company were made a
| part Of SAID charter SO that the sad Caarr--
might serve the original subscription list
| as required by Ian were reduced and amended
! So as 10 be and read as follows.
! H. l.. EayIot, shares, $4,000; W. 7. Lang
! worthy, shares, $4,000; J. +. Funk. 3
shares, 5000; }. D. Funk. shares. 5000,
A. +. DeMange, 6 shares, 5000; X. {. De
Mango, shares, $1,000.
And that all other subscriptions both TO the
preferred stock Of the said corporation and
| the common stock Of the SAID corporation were
cancelled and declared of no effect.
The whole will more fully appear by
reference to a certified copy OF the proceedings
OF sand meeting OF the said stockholders OF
the said New Orleans Suburban Land Com.
pany hereto annexed referred to and made
part hereof Just as If the same were actually
embodied herein.
We, r. {. DeManRe, president, and A. E
DcMange, secretary OF the New Orleans Sub
urban Land Company, do now declare and
certify that the whole amount OF the asccr
tanned debt and liabilities of said corpora
ton is one hundred and thirty Thousand
! SlS0,GOOnJ dollars.
Thus done and passed, in my notariaI Office
in the city Of New Orleans, in the presenc,
OF Arthur p. Portas and John r. Upton, com
petent witnesses, Of lawful age, residing IL
this city, who have hereunto 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: K. c. DeMange. Presiden,
New Orleans Suburban Land Co., by St ClaI
Adams; A. f. DcMange, Secretary New Or
leans Suburban Land Co, by ST. Clair Adams
Witnesses: Arthur T. Portas, John r.. Upton
a true copy.
/, FRANCIS T. BURNS. Notary Public
, l, the undersigned recorder OF mortgage
I in and for the parish of Orleans, State 0
, Louisiana, do hereby certify that the abov
E and foregoing act Of amendment to the char
: ter of the New Orleans Suburban Lind Com
pany was this day duly recorded IN my one
r in book 1857, folio -.
c New Orleans, June 18th, 1918.
r (Signed) EMILE J. LEONARD, by.
: A true copy.
y FRANCIS P. BURNS, Notary Pubic
d July | s IS p p aug