The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-22

mon ana pGtlCIICus
In the event Of the liquidation, dissolution
or winding up OF tins corporation either vol
untaTy or involuntary, the holders OF the
preferred stock shall Ue entitled 20 be paid
IN full both the par value Of their shares
and the unpaid dividends accrued thereon, II
any, before any amounts shall be paid to the
holders OF the common stock; and after 'uc
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
OF the common stock.
The stock OF thus corporation, both common
and preferred. shall be paid for either IN
prOrCrty, services or cash as may be deter
mined by It's board Of directors, and It shall
begin business and be considered going cor
pordtIon when one hundred tlQu) shares, par
value ten thousand (SlO,OUOO) dollars OF more
Of Its preferred shares have been subscribed
and paid Tor IN property, services OF money
as determined by its board OF directors
End The subscriptions 10 the capital stock
OF said corporation which by Article six ~
the articles OF Incorporation OF charter OF the
SAID New Orleans Suburban Land Company
were made part OF said articles Of incor-
pordtuu or charter IN order that said charter
might serve as the original subscription list
required by law were amended so that the sub
Scupuuus to the preferred stock OF saId New
Orleans Suburban Land Company were re-
duced and amended 50 as to read a, follows:
!. F. Funk, lgc shares. Sl9,s0J.OO; J. D. Funk,
loS shares, Sly,SrV); \. T.. DeMange, 20
shares, S1O,00OCO; K. {. DeMangc, 10 snarr-,
Sn,Uo0y; II. L. Favrot, shares, $-UOvo;
". T.. Largworthy, shares, $1,000.
5rd The subscriptions to the common stock
of said New Orleans Suburban Land Com
pauy which by said article six OF the articles
Of Incorporation or charter OF sand New CI-
leans Suburban Land Company were made a
part OF SAID charter SO that the SAID Chaur.
might serve IS the original subscription list
as required by law were reduced and amended
as 10 be and read follows:
II. l.. Favrot, shares, $4,000; w. =. Lang
worthy, shares, $4,000; J. T. Funk, S
shares, 5000; J. d. Funk, shares, $SJlo0;
\. L. DeMange, shares, 5000; X. {. De
Mango, shares, $4,000.
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 as will more fully appear by
reference 10 a certified copy Of the proceedings
OF said meeting OF the said stockholders OF
the said New Orleans Suburban Land Com
pany hereto annexed, referred to and made
part hereof Just as ii the same were actually
embodied herein.
We, K. c. DeMange, president, and A. f.
DcMange, secretary OF the New Orleans Sub
urban Land Company, do now declare and
certify that the whole amount OF the ascer-
tanned debt and liabilities of said corpora
ton is one hundred and thirty thousand
(SlO,0U0OO) dollars.
Thus done and passed. in my notarial Office,
in the city of New Orleans, in the presence
Of Arthur p. Portas and John X. Upton, com
petent witnesses, OF lawful age, residing in
this city, who have hereunto subscribed their
names together with the said appcarer, and
me notary, the day and date above writ
ten after due reading of the whole.
Original Signed: X. c. DeMange, President
New Orleans Suburban Land Co, by st. Clair
Adams; A f. DeMange, Secretary New Or
leans Suburban Land Co., by ST. Clair Adams
Witnesses: Arthur p. Portals, John X. Upton
A true copy.
FRANCIS T. BURNS, Notary Public.
l, the undersigned recorder Of mortgage:
in and for the parish Of Orleans, State OF
! Louisiana, do hereby certify that the above
/ and foregoing act Of amendment 10 the char
ter Of the New Orleans Suburban Land Com
pany was this day duly recorded in my once
] in book 1857, folio -.
/ New Orleans, June 18th, 1915.
(Signed) EMILE J. LEONARD, by. r
a true copy.
FRANCIS P. BURNS, Notary Public.
| july l IS p % aug