The herald., 1915-07-08

untary or involuntary, the holders of the
| preferred stock shall be entitled to be paid
| III tuli 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 the
payment TO the holders OF the preferred stock
OF ITS par value and unpaid accrued dividend,
thereon, the remaining assets OF the corpora
ton shall be divided equally among the hold
els OF the common stock.
The stock OF this corporation, both common
and preferred, shall be paid ios either IN
property. services or cash as may uc deter
mined by its board Of directors. and 1t shall
begin business and be considered a going cor
pprdtlon when one hundred tlr shares. uar
value ten thousand CSlODJUuOl dollars or more
Of us preferred shares have been subscribed
ana paid Tor IN property, services or money
as determined by It's board Of directors.
md. The subscriptions 10 the capital stock
OF sand corporation which 10y Article SIX -
the articles OF Incorporation or charter OF the
SAID New Orleans Suburban Land Company
were made a part u said articles Of iucor-
poratI1n or charter IN order that SAID charter
might serve as the original subscriptions list
required by law were amended SD that the sub.
>crpuou~ to the preferred stock OF said New
Orleans Suburban Land Company were Ic-
duced and amended SO as u read as follows.
!. +. Funk, Us shares. Sl9,s0OOO; ]. d. Funk
US shares, Sl9NHe; \. l.. DcMaugc, 10
shares, N-uguly; K. {. DcMaugc, 20 snare
SS,-oo4cy; H. L. Fayrot, > shares, $1,000;
5rd. The subscriptions To- the common stock
OF SAID New Orleans Suburban Land TOM
pany which by said article SIX OF the articles
OF Incorporation ur charter Of said New Cr-
leans Suburban Land Company were made
part OF sad charter SO that the saId charJr-
might serve As the original subscription list
as required by law were reduced and amended
50 IS TO be and read as follows:
II. l.. Iayrut shares, $4,000; ". i. Lang
worthy, shares. 5000; !. +. Funk,
shares, $500; J. D. Funk, ) shares, 5000:
\. +. DeMauge, shares, 5000; Il. {. 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 sand corporation were
cancelled and declared Of no effect
he whole as Will more fully appear by
reference TO 4 certified copy OF the proceedings
Of sand 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. {. DcMaugc. president. and A. f.
DeMange, secretary OF the New Orleans Sub
urban Land Company, do now declare and
certify that the whole amount of the asCcr-
tanned debt and liabilities of said corpora
ton is hundred and thirty thousand
tSlsOruHD 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
pctent witnesses of Lawful age residing IN
this city, who have hereuuto subscribed their
names together with the said appcarcr, and
me notary, on the day and date above writ
ten after due reading of the whole.
Original Signed: X. {. DeMangc, President,
New Orleans Suburban Land Co., by St Clair
Adams; a. T. DcMange, Secretary New Or
leans Suburban Land Co., by s.. Clair Adams
Witnesses: Arthur +. Portas, John Il. Upton.
true copy.
FRANCIS T. 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 % amendment to the char
ter OF the New Orleans Suburban Land Com
pany was this day duly recorded in my once
III book 1857, folio -
New Orleans, June 2Sth, l0ls.
tSigneD EMILE J. LEONARD, by. r.
y true copy.
FRANCIS p. BURNS, Notary Public.
july l s IS p % aug