The herald. [volume] (New Orleans, La.) 1905-1953, 1915-08-05
CSigued) l.. K. HOOVER.
EDWARD l., SpTRO
AMENDMENT TO CHARTER
OF NEW ORLEANS SUBURBAN LAND
COMPANY.
State Of Louisiana, Parish of Orleans, City
of New Orleans

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 our
Lord one thousand nine hundred and fifteen,
before me, Francis 7. Burns. a notary puOnc,
duly commissioned and qualified, in and roI
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 a. Z. 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 X. c. De-
Mango and said a. +. DeMange hereto an
neXed, referred to and made a Part hereof;
the said X. C. DeMange appearing herein as
aforesaid as president, and the said A. T..
DeMange appearing herein as aforesaid as
secretary of the New Orleans Suburban Land
Company, corporation duly incorporated
under the laws of this state, domiciled in
the city of New Orleans, created by an act
passed before Lewis X. Graham, notary pub
lie, on the 10th day of August, 1918, and duly
recorded in the mortgage office of this parish
in book 1888, folio -.
Who declared that they in their said capa-
cities president and secretary were au.
thorized and directed to carry the said reso-
buttons into effect, by executing a 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 18th 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
ffths (S-5) of the outstanding shares of each
class of the capital stock of the said New
, Orleans Suburban Land Company issued by
il, the said New Orleans Suburban Lane
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
tce to all of The said stockholders; that saiC
amendments were authorized and ordered by
more than three-ffths (-5) of all of tn,
stockholders authorized by its charter to par
ticipate in meetings of its stockholders anC
! 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 corporation; which said amend
ments are as follows:
LIST Article Three of the articles of incor
poration or charter of the said New Orean!
Suburban Land Company was amended so a:
TO read as follows:
| The capital stock of this corporation shall
| be one hundred and thirty thousand (Sl30,0OO
! dollars divided into and represented by
thirteen hundred $500 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 (SS0,00OOO) dollars shall be preferred
stock with full voting power, and FIVE hun
bred $500 shares thereof amounting to nifty
thousand (S5O,0OO00 dollars shall be common
stock without voting power.
Ownership or possession of the CONNER
stock shall not give the owner or possesso
thereof the right to vote participate IL
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
profits of the corporation, If any, yearly divl
bends at the rate of six (6) per cent pc
annum, payable annually on days to be hxeC
! by the bylaws.
The dividends on the preferred stock shall
| be cumulative and shall be payable befor,
any dividend on the common stock shall bt
paid or declared. so that if the dividends
! thereon amounting to six per cent, shall no
I have been paid in any year the deficiency
shall be paid before any dividends shall bt
| 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 or paid, or sum sufficient 70
| the payment thereof shall have been set asid
| for that purpose, then the board of director
/ out of any available remaining surplus o.
net proceeds may and shall declare dividends
which dividends shall be payable equally OF
all of the outstanding capital stock, both com