The herald., 1917-04-19
March ~, 1917.
AMENDMENT OF CHARTER

Or q. h. kNlIllNG 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 Q9lD, before me, Charles Theodore
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
as, respectively, the president and the sec
rotary OF the Q. X. Knitting Mills, Inc,
appearing by virtue of resolutions adont,d
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 O. X. Knitting Mills, Inc,
held pursuant to the call OF the board of
directors, on the S0th day of March, 1917,
at the office 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 unanimously
voted to amend Articles One, Three, Four and
Five OF the charter of the company as es-
tabIished by act passed before William Nor
gan Harmon. notary public for the parish
OF Orleans, on the 18th day of December
IN the year one thousand nine hundred and
thirteen, and recorded nj the mortgage office
tor the parish OF Orleans, in book lll9
ioIo 'oS; 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
and is domicile shall be in the city OF New
Orleans, State of Louisiana, and it shall
nave and enjoy succession by its corporate
name for period Of ninety-nne (99) years
from and after the date hereof.
This corporation shall have power and
authority to contract, sue and be sued in
IT'S corporate name; to make and use
corporate seal; 10 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
De served upon the president, and in the
event OF his absence or inability to act from
any cause, the same shall be served rpon
the secretary-treasurer.
Article lll,-Ihe capital stock of this cor.
poratlon IS hereby fixed at the sum of one
hundred thousand (SlOO0OO dollars. divided
INTO one thousand 1900 shares of the mar
value OF one hundred (SlOO dollars each. OF
such total authorized capital stock FIVE hun.
hundred (Sl0O dollars each amounting TO
NIFTY thousand (S50,O0g) dollars, shall be p-e.
ferred stock, and five hundred $500 shares
OF the par value of one hundred (SlOO) dol.
J.
UO) dollars, shall be common stock The
capital stock may be further increased I'D 10
the sum Of five hundred thousand (S5cOOOO
dollars, and all proceedings for the increase
or decrease OF the capital stock shall be
CONDUCTED in accordance with the laws of
this State.
Both the preferred and common stock shall
nave the same voting power in the election
Oh .ohcers and all elections recurring the
voting OF stock. This corporation shall com.
hence business as soon as five thousand dol.
iars tSo,UO) 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 lie
issued at not less than par, in payment or
sNchange Tor property or rights actually re-
ceIved or purchased by said cornorstio1
Or the same may be issued, fully paid. for
money advanced and for such other valuabl.
consideration or services as the board Of
provided, that no stock shall be issued until
me consideration therefor has been received
by the said corporation.
The preferred stock shall be entitled on, |
81 any and all surplus net profits, whenever
iscertalned, to cumulative dividends at the
-alg OF seven per cent per annum in each
ana every year hereafter, in preference and
priority TO any payment of any divid.nde
IN the common stock for such wear. The
common stock shall be subject TO the prior
-lghts OF holders Of the preferred STOCK as
herein declared. If, after providing for the |
payment OF full dividends for any wear on
he preferred stock, and for any balance
hat may remain due on the cumuiat;vs s'] d;v:
bends on such preferred stock for pre.
;eedlng years, there shall remain apy sur
'Ius net prohts, any and all such surnlus
let prohts not IN the opinion of the board
y directors required TO provide for the main
eHanee' Improvement, enlargement. and oper-