The herald., 1916-12-28
AMENDMENT TO CHARTER
OF LANE COTTON MILLS &C

United States OF America, State Of Louisi-
ana. Parish OF Orleans, City Of New Or
leans.
the month Of December, in the year of our
| Lord one thousand nine hundred and six
| teen, and OF the independence of the United
States OF America, the one hundred and
a notary public, duly COMM ssioned and quail
lhed, in and for this city and the parish of
Orleans, therein residing, and in the pres
ence Of the witnesses hereinafter named and
undersigned personally came and appeared ::
!; Sigmund Odenheimer and ,. Harry T.
Howard both OF age and residents Of the
City OF New Orleans, here appearing in their
capacity as president and secretary-treas-
urer respectively of Lane Cotton Mills Com
pany, corporation organized under the laws
OF the State OF Louisiana and domiciled in
the city Of New Orleans;
Who declared, that as will appear by the
certificate hereto annexed. a meeting OF the
stockholders OF Lane Cotton Mills Company
was held IN the directors room of the Com
mercial-National Bank, at New Orleans, Lou
lsana, on Wednesday, November %, 1916
at the hour Of two o'clock p. m. That there
were present and represented at said meet.
ing So7S shares of the capital stock of said
corporation out OF a total of 1900 shares is
sued and outstanding. That said meeting of
stockholders was held after due notice given
in accordance with law and with the charter
OF this corporation to each and every stock
holder.
That said meeting was called for the pur-
pose Of considering a certain proposed amend
ment TO the charter of the said corporation,
which amendment was in due course unan-
lmously adopted by the said meeting. That
al said meeting the appearers were appointed
committee for the purpose of causing to
be embodied in due, formal and legal shape
the amendment to the charter of Lane Cot
ton Mills Company adopted at the said meet.
ing.
And the said appearers declare that by
virtue OF the authority in them vested by
said stockholders at said meeting held OF,
Wednesday. November %, 1916, and for and
IN behalf of said corporation, and in order
TO carry out the purposes OF said meeting
and to give the alterations, changes and
inI E adopted at said meeting full
They do how declare, publish and give
notice to the world that Article " of the
Charter of Lane Cotton Mills Company, ex-
ecuted before H. Generes Dufour, notary
public, on October %, 1910, was amended and
the same is hereby amended and re-enacted
so as to read as follows, to.wit:
Article lN.-"The capital stock of this
corporation is fixed at the sum of one mil
lion three hundred fifty thousand dollars
(Sl,550,000O0), divided into and represented
by thirteen thousand five hundred Q3,5O0)
shares OF the par value OF one hundred dol
lars, four thousand five hundred shares of
which shall be and constitute the preferred
stock, and the remaining nine thousand
shares shall be and constitute the common
STOCK OF tnlS corporation.
said stock shall be paid for in cash and
at such time and in such installments as
the board of directors may determine, or
same may be issued for property or rights
actually received by this corporation. The
common stock may also be issued by this
corporation in payment of dividends de-
clared and to be declared by it. The pre-
ferred stock shall be entitled to preference
and priority over the common stock in the
distribution Of dividends and in liquidation
and the dividend on said preferred stock is
hereby fixed and limited to seven per cent
per annum and shall be cumulative
"All transfers of shares OF the capital
stock in this corporation shall be entered on
the stock book and no transfer of stock shall
be in any manner binding this corpora
tion until registered in said stock book
This corporation shall become a going
concern and may commence business when
one hundred thousand dollars (Sl0O,0O00O) of
its capital stock shall have been subscribed
for"
Appearers further declare that they do
hereby authorize and require the said
changes and amendments 10 be duly incor-
porated into notarial shape and to be re-
corded and pubised according to law, TO the
end that the same may be operative and
binding on all persons whomsoever.
Thus done and passed in my Office at
New Orleans, the day, month and year
herein first above written, in the presence
of William Herman Dart and Leo L. Du- |
bourg, competent witnesses, who have here
unto signed their names, together with said
appearers and me, notary.
Signed: 5. Odenheime-, Harry T. Howard |
Witnesses: William Herman Dart, Leo L. |