The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-26
March 80, 1917.
AMENDMENT OF CHARTER
!, M h KNITTINE MIIIS INC

OF O. n KNITTING MILLS, INC.
| United States OF America, State OF louisiana
Parish of Orleans City OF New Orleans
BE il known, that this thirtieth day Of
the month OF March, in the year of Our
Lord thousand nine hundred and sew
enteen Q9lO, before me, Charles Theodore
Starkey, a 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
as, respectively, the president and the sec
rotary of the q. X. Knitting Mills, Inc,
appearing by virtue of resolutions adopted
by the directors and stockholders OF the
said company, certified copies of which
hereunto annexed in the margin for refer
ence;
Who declared that at a meeting of the
stockholders of the o. X. Knitting Mills, Inc,
held pursuant to the call OF the board OF
directors, on the Goth day of March, 1917,
at the office of the company at its domcile
in New Orleans, at which meeting the entire
body Of stockholders of said company was
voted to amend Articles One, Three, Four and
Five of the charter of the company as es-
tablished 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 49,
folio sos, 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.
poration shall be o. X. Knitting Mills, Inc,
and its domicile shall be in the city of New
Orleans, State of Louisiana, and it shall
have and enjoy succession by its corporate
name for period of ninety-nine (99 years
from and after the date hereof.
This corporation shall have power and
authority and N
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
the secretarytr treasurer.
Article lII.-The capital stock of this cor.
poration is hereby fixed at the sum of one
hundred thousand $4,000 dollars, divided
into one thousand $1,000 shares of the par
value of hundred (SlOO) dollars each. OF
such total authorized capital stock FIVE hun
hundred CSl0O dollars each, amounting to
fifty thousand $4,000 dollars, shall be pre-
ferred stock, and FIVE hundred $500 shares
of the par value of one hundred ClOO) dol
lars each, amounting to fifty thousand ESQ.,
GOD dollars, shall be common stock. The
capital stool may be further increased up to
the sum OF hve hundred thousand (SSOO,OOO)
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
have the same voting power in the election
| OF otficers and all elections requiring the
voting of stock. This corporation shall COM
mence business as soon as five thousand dol
lars CS5,OOO 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,
or the same may be issued, fully paid, for
| money advanced and for such other valuable
! directors OF said corporation may determine
provided, that no stock shall be issued until
the consideration therefor has been received
| by the said corporation.
| Inc preferred stock shall be entitled ont
of any and all surplus net profits. whenever
| ascertalned, to cumulative dividends at the
| rate OF seven per cent per annum in each
and every year hereafter, in preference and
priority to 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 cumulative div
| idends on such preferred stock for pre-
ceding years, there shall remain any sur
plus net profits, any and all such surnlus
| net profits not in the opinion of the board
OF directors required to provide for the main.
tenance, Improvement, enlargement and ober.