The herald., 1915-07-08
OF NEW ORLEANS SUBURBAN LANr
COMPANY.

COMPANY.
State Of Louisiana, Parish of Orleans, City
Of New Orleans.
BE it 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 7. Burns. a notary publ1c
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. &. De
Mango and \. +. DeMaugc, 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 10 the powers of attorney directed
TO said St. Clair Adams by said X c. De
Mango and said A. +. DeMauge hereto an
ucNcd, referred to and made a part hereof;
the said K. {. DeMange appearing herein as
aforesaid president, and the said A. L.
DeMange appearing herein as aforesaid as
secretary OF the New Orleans Suburban Land
Company, a corporation duly incorporated
under the laws OF this state, domlcIled IN
the city Of New Orleans, created by an act
passed before Lewis r. Graham, notary pub
lie, on the 10th day Of August, 1913, and duly
recorded IN the mortgage office Of this parish
IN book 1858, folio -.
Who declared that they in their said capa-
cities president and secretary were au-
thorized and directed to carry the said reso-
lutlons into effect, by executing a formal
notarlal 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 board OF directors OF said New
Orleans Suburban Land Company held in New
Orleans the 18th day of January, 1915, and
were duly authorized by said board of dircc-
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
hfths S-5D OF the outstanding shares Of each
class of the capital stock of the said New
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 (5-5l 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 are as follows:
1st. Article Three of the articles of incor-
poration charter of the said New Orleans
Suburban Land Company amended SO as
to read as follows:
The capital stock of this corporation shall
be one hundred and thirty thousand (Sl5OOOO
dollars, divided into and represented by
thirteen hundred $500 shares of the par
value of one hundred CSlO0OO dollars per
share; of such capital stock, eight hundred
$500 shares thereof amounting to eighty thou
sand CSS000O.00 dollars shall be preferred
stock with full voting power, and hve hun
bred $500 shares thereof amounting TO fifty
thousand CS50,0OO.O0) dollars shall be common
stock without voting power.
Ownership or possession of the common
stock shall not give the owner or possesSor
thereof the right to vote or participate IN
any meeting of the stockholders of the cor
pOration.
entitled to receive from the surplus or net
profits of the corporation, if any, yearly divi-
dends at the rate of six co. per cent per
annum, payable annually on days to be fixed
by the bylaws.
The dividends on the preferred stock shall
be cumulative and shall be payable before
any dividend on the common stock shall be
paid or declared, so that if the dividends
thereon amounting to six per cent, shall not
have been paid in any year the deficiency
shall be paid before any dividends shall be
declared or paid on the common stock. When
ever all cumulative dividends on the pre-
ferred stock for all previous years shall have
been declared paid, or a sum sufficient for
the payment thereof shall have been set aside
for that purpose, then the board of directors
out of any available remaining surplus or
net proceeds may and shall declare dividends;
which dividends shall be payable equally on
all of the outstanding capital stock, both COM
mon and preferred.
In the event of the liquidation, dissolution
or winding up of this corporation either vol