The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-11
CHARTERS.

| residing, and in the presence of the wit
nesses hereinafter named and undersigned,
| personally came and appeared:
MesSrS. Herbert WadswOrth and Joe Il.
Chafe, herein appearing and acting in
their respective capacities as President
and Secretary of the Laurel Grove Com
pany," a corporation organized under the
laws of the State of Louisiana. with its
dOnicile in the City of New Orleans, in
said State, created by act before Alexis
Brian, Notary Public, in this city, under
date of May LIST, 1913 and recorded in the
Mortgage Office for the Parish of Orleans,
in Book loss Folio -, on May LIST, 1913 f,
which said appearcrS declared that in pur-
SuanCe to a resolution adopted at a sPe-
Cal meeting of the shareholders of said
Company, held in the City of New or
leans at the office OF the Company, No.
800 Hibernia Bank Building, on the 18th
day of February, 1918, after written waiy-
er of notice Of said special meeting signed
by each and every shareholder of the
Company, as Will appear from Il certified
copy of the minutes of said meeting here
unto annexed and made part hereof, Ar
ticlcs " and V of the charter of said
Company WERE b. unanimous vote of all
the shareholders present or represented
constituting all the shareholders of the
Company amended so as to read as FOL
lows:
Article Iv-The capital stock of this
corporation is hereby fixed at the sum of
Three Hundred and Fifty Thousand Dol
lars $500. OOOOO, divided into and repre-
scented by thirty-iiye hundred $500
shares of the par value of one Hundred
Dollars (SlO0.OO) each, of which one thou
sand $1,000 shares shall be Preferred
stock and twenty five hundred (25OO)
shares Common Stock.
The Preferred Stock shall be entitled to
preferred dividends at the rate of eight
per cent, per annum on the par value
thereof, to be payable annually out of the
net profits which may be realized by the
corporation. and the said dividends shall
be cumulative.
No dividend shall be declared on the
Common Stock OF the corporation unless
and until all the cumulative dividends on
the Preferred Stock shall have been paid.
The holders of Preferred and Common
Stock shall be vested with the same Vot-
ing power.
In the event of the liquidation, for any
reason, of the assets of this corporation,
the holders of Preferred Stock shall be
entitled to be paid in full to the extent
of all unpaid accumulated dividends there
on, together with the par value of their
stock, before any holders Of Common Stock
shall receive any payments on the same
from the assets in liquidation.
The amount to which the capital stock
of this corporation may be increased is
hereby fixed ut the amount of Five hun
bred thousand dollars C$500,0OO.OO).
Article N.-The corporate powers of this
corporation shall be vested in and the
business of same shall be managed by
board of five directors, TO be elected an
nually from among the stockholders, and
any person having stock standing in his
name either as owner or agent Sndll De
qualified to become "A director. The first
Board of Directors shall consist of J. Il.
Chaffe, X. q. Bush, Jr., W. Ii. DelahOus-
sage, Il. W Henry and J. {. lie bourgeois,
and they shall hold office until the third
Monday in February, 1914, or until their
successors are elected and qualified. The
Board of Directors, Immediately upon
their election annually shall meet and elect
Il President, a Vice President, a Secretary
and a Treasurer, each of whom must be
chosen from among their number and
shall hold office until their successors are
elected. The Offices of Nice-President and
Treasurer or the offices of Secretary and
Treasurer, respectively, may be held by
the same person.
(The balance of said articles to remain
unchanged except as to date of annual
meetngD.
Said appearers further declared that, in
their above respective capacities and in
pursuance of said resolution, they now ex-
ecute this act for the purpose of COM
pleting the amendments to Articles " and
V of the charter of said Company, which
articles. as amended, read as hereinabove
set forth.
Thus done and passed, in my office at
the City of New Orleans, on the day,
month and year herein first above written,
in the presence of Burt W. Henry and
Roy Willie, competent witnesses, who have
hereuntO affixed their signatures, togeth-
er with those of said appearers and me,
Notary, after due reading of the whole.
Original is signed: Herbert Wadsworth,
Joe Il. Chaffe.
Witnesses: Burt W. Henry, Roy Willie.
CHAS. +. FLETCHINGER, Not. Pub.
i, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing act of amendment
to charter of The Laurel Grove Company
was this day duly recorded in my office,
New Orleans, La, March 4, 1918.
(Signed) EMILE j. LEONARD, d. r.
(SedD
A true copy of the original act.
CHAS. +. FLETCHINGER, Not. Pub.
Mch 7-14-21-2S APR All