The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-12
March 30, 1917.
AMENDMENT OF CHARTER

or q. h. KNITTING MILLS, INC.
| United States OF America, State Of Louisiana
Parish of Orleans City of New Orleans
BE it known, that on this thirtieth day Of
! the month OF March, in the year OF Our
! Lord, one thousand nine hundred and sew
| enteen Q9iO, before me, Charles Theodore
| Starkey, notary public duly commissioned
and qualified, in and for this city and the
! Parish Of Orleans, therein residing, and in
/ the presence Of the witnesses hereinafter
named and undersigned, personally came and
| appeared:
Nathan Orsher and Saul Kronengold. both
/ residents Of the Parish Of Orleans, OF the
| full age, herein appearing in their capacity
/ a, respectively, the president and the sec
rotary OF the O. X. Knitting Mills, Inc.
| appearing by virtue of resolutions adopted
/ by the directors and stockholders of the
said company certified copies OF which are
hereunto annexed in the margin for refer
/ ence;
| Who declared. that at meeting of the
| stockholders OF the q. X. Knitting Mills, Inc,
| held pursuant 20 the call OF the board OF
| directors, on the S0th day OF March, 1917,
at the othce OF the company at its domicile
| in New Orleans, at which meeting the entire
body Of stockholders Of said company was
present or represented, it was unanimously
voted to amend Articles One. Three Four and
Five OF the charter of the company as es-
tabhshed by act passed before William Nor
gan Harmon, notary public for the parish
OF Orleans, the 18th day OF December
IN the year one thousand nine hundred and
. thirteen, and recorded nj the mortgage office
for the parish Of Orleans, in book lll9,
folio 500, SO that said Articles One, Three
-Four and Five should hereafter read and be
as follows, to-wit:
Article The name and title OF the cor.
Poratlon shall be O. X; Knitting Mills. Inc.
ana It's domcile shall be in the city of New
Orleans, State Of Louisiana, and it shall
nave and ENJOY succession by its corporate
name Tor a period Of ninety-nine C9O years
from and after the date hereof.
authority TO contract, sue and be sued in
Its corporate name; to make and use a
corporate seal; TO hold, receive hire and
purchase real and personal property and TO
sell, mortgage, or pledge the same, and to
borrow money and issue bonds, notes and
other obligations.
All citations or other legal process shall
be served upon the president, and in the
event OF his absence or inability TO act from
any cause, the same shall be served upon
Article lll.-The capital stock of this cor
poratIon is hereby fixed at the sum OF one
hundred thousand 100000 dollars, divided
into one thousand Q,00O shares of the par
value of one hundred (SlOO) dollars each. OF
such total authorized capital stock five hun.
dred (SOO) shares OF the par value of one
hundred (SloO) dollars each, amounting to
nifty thousand $4,000 dollars, shall be pre-
TERED stock, and FIVE hundred $500 shares
OF the par value of one hundred (SlOO dol.
lars lars eaGh, amounting to fifty thousand ESQ.,
~, HOildis SHdII DC common stock. The
captals stock may be further increased I'D 10
the sum OF hve hundred thousand (S5OOODO
dollars, and all proceedings for the increase
OF decrease of the capital stock shall he
this State
Both the preferred and common stock shall
nave the same voting power in the election
OF ofhcers and all elections requiring the
voting OF stock. This corporation shall com.
mence business soon as five thousand dol
iiars SS,po) OF its capital stock shall have
been subscribed for
The stock shall be paid in cash at the
time OF subscription. or the same NAV be
issued at not less than par, in payment or
exchange Tor property or rights actually re-
ceiVed or purchased by said corporation,
OF the same may be issued, fully paid. for
money advanced and for such other valuable
consideration or services as the board OF
directors OF said corporation may determine:
provided, that no stock shall be issued until
ihe consideration therefor has been received
by the said corporation.
Inc preferred stock shall be entitled. ont
OF any and all surplus net profits. whenever
asSertalned, to cumulative dividends AZ the
rate Of seven per cent per annum in ear
ana every year hereafter, in preference and
prlority 10 any payment of any dividends
on the common stock for such wear The
common stock shall be subject to the prior
rights OF holders OF the preferred stock as
herein declared. If, after providing for the
payment OF full dividends for any wear on
the preferred stock, and for any balance
that may remain due on the cumulatiye div.
ldends on such preferred stock for pre-.
cedlng years, there shall remain any sur
Plus net profits, any and all such Surplus
net prohts not in the opinion of the board
on directors required to provide for the main
'ehahee' Improvement, enlargement and oper.