The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-29
mon and nreferrrd-

| mon and preferred.
In the event OF the liquidation, dissolution
or winding up OF this corporation either vol
untary or involuntary, the holders Of tn
preferred stock shall be entitled to be Pal,
IN tull both the par value of their share
and the unpaid dividends accrued thereon, /
any; before any amounts shall be paid 10 thu
holders of the common stock; and after tnt
payment TO the holders OF the preferred stocl
OF ats par value and unpaid accrued dividends
thereon, the remaining assets OF the corpora
ton shall be divided equally among the hold
eTs OF the common stock.
The stock OF this corporation, both common
| and preferred, shall be paid for either u
/ property, services OF cash as may be deter.
mined by ITS board OF directors, and it shall
/ Degin business and be considered a going cor.
| poratIon when one hundred GOO shares, par
value ten thousand 100000 dollars or more
/ Of ITS preferred shares have been subscribed
! ana pa'd tor IN property, services or money
I as determined by ats board OF directors
md. The subscriptions 20 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 said articles Of Incur-
! pordtion or charter in order that said charter
: might serve as the original subscription list
required by law were amended So that the sub
ScilPtious o. the preferred stock OF said New
Orleans Suburban Land Company were re-
! duced and amended SO as 70 read as follows:
!. F. Funk, log shares. $l9.S0000; ]. D. Funk.
rs shares. SlyS..U: \. l.. DcMauge gpl
shares. S20,0O0OO; X. c. DeNaugc. 20 snare.
$4,000; II. L. FavroJ, , shares, $1,000,
W. /. Laugworthy, shares, 5000.
5rd The subscriptions TO the common stock
OF sdid New Orleans Suburban Land COM.
pauy which by said article SIX Of the articles
81 Incorporation or charter Of said New J,r-
leans Suburban Land Company were made a
part OF SAID charter so that the said ch4rtc.
might serve As the original subscription list
as required by law were reduced and amended
so as TO be and read as follows:
IT, l.. Favrot, shares $4,000; ". T. Lang
worthy shares. $1,000; J. f. Funk. S
shares, $4,000; J. d. Funk, shares, $4,000;
\. L. DeMange, S 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 as will more fully appear by
reference to 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. r. {. DcMange, president, and 4. f.
DeMauge, 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
SlWrUOD dollars.
mus done ana passed, IN my nCtarlal office,
IN the city OF Nes Orleans, in the presence
Of Arthur p. Portas and John X. Upton, COM
retent witnesses, Of lawful age, residing In
this city, who have hereunto subscribed their
names together with the said appCarer, and
me notary, on the day and date above writ
ten after due reading of the whole
Original Signed: r. c. DeMange. Presiden,,
New Orleans Suburban Land Co.. by ST. Clair
Adams; a. f. DeMange, Secretary New Or
leans an, Suburban Land Co, by St: Clair Adams.
Witnesses: Arthur =. Portas, John r. Upton
A true copy.
FRANCIS r. BURNS, Notary Public
|, the undersigned recorder of mortgages
in and for the parish Of Orleans, State Of
Louisiana, do hereby certify that the above
and foregoing act Of amendment to 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 8 IS % % aug