The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-01
CHARTER

mdy deem proper on the common stock out %
the surplus earnings, or profits growing of
the business Of the current or previous years
1t any person not connected with the corpora
ton officer, director or employee. should at
ANY time become the holder Of common stock
iad should the dividends applicable TO the com
MOI stock In any year equal exceed ten (l1b
per cat in amount, then and in any such event
Tor oyehss. the dividends payable 10 nOn-eiuplOyee
holders - common stock shall never exceed GUD
per cent 10 amount. the excess. II any. shall be-
applied 10 surplus. The preferred stock. IN whole
Tor ia part. may b., retired or redeemed al any
time hv vote OF three-f ourthS Of all Of the
outstanding common stock Of the corporation at
10 meeting called Ion that purpose. "a, provided by
law and when thus retired. may be held in
suspense in the treasury, subject L. resistance.
IN II be - desired by The Board Of Directors
~ not less than par. The retirement or rclrrnp-
ton OF The preferred stock shall be ~ par with
accrued dividends The owners ii the preferred
stoch shaall not have the right to vote the
question 81 IT. retirement. IN the event #
liquidation, whether voluntary or otherwise. the
holders Of the preferred stock shall De entitled
u receive the par value II their stock. With
all accrued dividends. before any division IF the
corporate funds j. made or otherwise set apart
u payment OF the common stock. The Capital
stock OF the corporation shall not 10, ISSUED f1!
less than par aud shall he iully paid for in cash
ur property. acceptable 10 the Bpard II Director,
aJ the time Of IT. Issuance. and thereafter shall
b." uUn-ds>rS,ible. W present future stock
holder shall ever yahGly sell, assign or transfer.
other than hy inheritance. any II the common
have been ur>t offered L. the remaining stock
holders, f"r the benefit Of those stockholders who
may desire Z" purUha-" same through the Board
II directors. t'f o. period ut ten DAYS. az the
huu. value OF such stock. aS shown hy III, book,
OF IN" corporation the fr>t dav Of August
last preceding the dat, OF such Offer II shall
be- III. dgty 0f the Board OF Directors prpmptly.
upon receiving an offer Of sale II any OF the
common stock coy this csgpuIatiuu To- ,pmIuu-
rlcatr the same 10 the Stockholders. IN writing,
through thu secretary ut the company. and each
i'd s..#| l. |.I. !. IN
chas" such proportion of the stock offered f,r
sale ~ the number Of common shares owned hr
hlu al th' time bears To- the number of shares
owned 10y al other stockholders desiring t. par
ucIpate IN the purchase. No sale under fore
closure, attachment other process. uI by virtue
" any power ~ attorney, pledge or hyputhtCatiuu.
shall ue validity made Of the common stock until
the foregoing requirement, have been complied
with hN the person persons, ilTu OF corporation
pruy"SIng such foreclosure or sale The Board
Of Director, shall have authority. however. to
waive the above requirements a. am particular
or pledge ut common stock. hv
resolution adopted al a regular meeting Of the
Board. OF at meeting attended by all the MEM
hers ~ the Board Of Directors such resolution
beng adopted IN advance OF the pledge or
hypotheciton.
Said AppeJrerS further declared that the DELHI
erdtluns had at said stockholders meeting author
lNng the amendment L. said Article N of the
Charter Of said corporation, are correctly shown
~ the Minutes OF said meeting. a copy whereof.
duly certified, l. attached To and made part
hereof.
Said Appearrrs further declared that. a. will
appear from the aforesaid Minutes ~ the meeting
Of stockholders Of said corporation. they were
severally authorized 10 appear before a Notary
Public for the purpose of executing. in authentic
form. the amendment To- Article II Of the Char
Ter aforesaid and they do appear before me.
said Notary. for the purpose Of carrying out and
giving effect 10 the resolutions adopted hy the
Shareholders amending the Charter Of said cor
poratlon in the particulars hereinahove men
TONED and set forth and To- cause said amend
ment to be recorded and published. a. required
10y law. to serve and avail the future may or
shall hereafter require.
Thus done and passed Al my Office in the Civ
OF New Orleans, on the day, month and wear
first hereinabove written. in the presence ~
Frances Eisler and Rov Willie. competent wit
neSseS. who hereuntu sign their names. together
with said AppearerS and me. Notary, after due
reading 81 the whole.
Original SianedD
Witnesses: F. Eisler, Roy Willie.
JNO. NJ. PARKER.
Chairman.
JNO. +. FINKE.
Secretary.
CHAS =. FLETCHINGER.
Notary Public.
|. the undersigned. Recorder of Mortgages. in
and for the Parish Of Orleans. State Of louisiana
do hereby certify that the above and foregoing
Act Of Amendment 20 the Charter of John VI
Parker Company was this day duly recorded in
my Office in Book 1922. Folio 2S4.
New Orleans. La. July 20. 1915.
(Signed) EMILE J. LEONARD, d. X.
| hereby certify the above and foregoing to
of Amendment now on file and Of record in my
office.
As witness my hand and notarial seal at New
Orleans, La. this goth day Of July. 1915.
CHAS. F. FLETCHINGER,
Notary Public