The herald., 1915-07-15
AMENDMENT TO CHARTER
OF NEW ORLEANS SUBURBAN Ian,
COMPANY.

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 cur
Lord one thousand nine hundred and fifteen,
before me, Francis Z. Burns, notary pubic,
duly commissioned and qualified, III and IoT
the parish Of Orleans, State Of Louisiana,
therein residing, and in the presence of the
witnesses hereinafter named and unders gned,
personally came and appeared: X. {. 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 fact, as will appear more fully by
reference to the powers OF attorney directed
to said St. Clair Adams by said r. c. De-
Mango and said A. T. DeMange hereto an
nexed, referred to and made a Part hereof I;
the said K. {. DeMange appearing herein as
aforesaid president, and the said A. E.
DeMange appearing herein as aforesaid as
secretary OF the New Orleans Suburban Land
Company, corporation duly incorporated
under the laws of this state, domicled in
the city of New Orleans, created by an act
passed before Lewis X. Graham, notary pub
lie, the 10th day Of August, 1913, and duly
recorded IN the mortgage office of this parish
in book loss, folio -.
Who declared that they in their said capa-
cities as president and secretary were au-
thorized and directed to carry the said reso.
lutIouS 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 llth 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
! ftths (5-5) of the outstanding shares OF each
/ class Of the capital stock OF the said New
1 Orleans Suburban Land Company issued by
| it, 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 (5-S) of all of the
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 corporations; which said amend
ments as follows:
list Article Three of the articles of incor
poration or charter of the said New Orean:
Suburban Lard Company was amended so a.
| to read as follows:
The capital stock of this corporation shall
| be one hundred and thirty thousand $4,000
dollars, divided into and represented by
thirteen hundred C50O shares OF the pa
value of one hundred $4,000 dollars pc
share; of such capital stock, eight hundred
$500 shares thereof amounting to eighty thou
sand (SSO,OOOO0) dollars shall be preferred
stock with full voting power, and hive hun
bred $500 shares thereof amounting to hit!
thousand ($50,0OO00) dollars shall be common
stock without voting power.
Ownership or possession of the commti
stock shall not give the owner posSesSO
thereof the right to vote participate II
any meeting of the stockholders OF the cor
pOration.
The holders of the preferred stock shall b
entitled TO receive from the surplus or ne
bends at the rate of six 90 per cent pc
annum, payable annually on days to be IKE
by the bylaws.
The dividends on the preferred stock shall
be cumulative and shall be payable befor
anv dividend on the common stock shall b
paid or declared, so that if the dividend
thereon amounting to SIX per cent, shall no
have been paid in any year the dehclenc
shall be paid before any dividends shall b
declared or paid on the common stock, When
ever all cumulative dividends on the pre-
ferred stock for all previous years shall hav
been declared or paid a sum suthcient 10
the payment thereof shall have been set asid
for that purpose, then the board of director
: out OF any available remaining surplus Q
net proceeds may and shall declare dividends
which dividends shall be payable equally o
all of the outstanding capital stock, both CON
mon and preferred.
, Ir the event of the liquidation, dissolutio
. or winding up of this corporation either vo