The herald., 1918-08-29
CHARTER

may deem proper on the common stock out of
The surplus earnings, or profits, growing out Of
the business OF the current or previous years
! II any person not connected with the corpora
tiOn officer, director or employee, should at
any time become the holder Of common stock
aad should the dividends applicable to the com
per cent in amount, then and in any such event
or events the dividends payable TO n0n-erhplovee
holders % common stock shall never exceed C0)
per cent III amount, the excess, II any, shall be
applied to surplus. The preferred stock, in whole
Tor in part, may be retired redeemed at any
time by a vote Of threc-fourths Of all Of the
Outstanding common stock Of the corporation at
= meeting called ion that purpose. provided by
law; and when thus retired. may be held in
suspense in the treasury, subject TO resistance,
I if il be desired by the Board of Directors.
tiun Of the preferred stock shall be at par, with
accrued dividends. The owners Of the preferred
stock shalll not have the right To vote on the
question OF n, retirement. In the event OF
| Humiliation, whether voluntary or otherwise. the
IEoldcrS al the preferred stock shall be entitled
TO receive the par value of their stock, with
all accrued dividends, before any division Of th2
corporate funds j. made or otherwise st apart
in payment OF the common stock. The Capital
stock OF the corporation shall not be issued for
less than BAR and shall be fully paid for in cash
Tor property, acceptable 10 the Board Of Directors
lat the time Of its issuance. and thereafter shall
Dee worcestershire. No present or future stock
holder shall ever yaliily sell, assign transfer,
other than hv inheritance, any Of the common
stock ut this corporation until the same shall
have been first offered 10 the remaining stock
holders t1r III" 'curht Of thp," stockholders who
may desire 10 purchase same. through the Board
of Directors. for a period Of ten DAYS. At the
book value of such stock, as shown by the books
nt the corporation the first day OF August
last preceding the date Of such offer Il shall
Dee the duty Of the Board Of Directors. promptly.
upon receiving an offer Of sale Of any Of the
common stock OF this corporation. 10 cummu-
ucarp the same 10 the Stockholders. in writing.
through the secretary of the company. and each
IL. l1..l. fl.l
chase such proportion Of the stock 80 offered for
sale as the number OF common shares owned by
him al the time bears to the number Of shares
owned by all other stockholders desiring 10 par
closure, attachment OF other process or by virtue
ut any power OF attorney. pledge or hypOthcCatiOn
shall be v&lidly made Of the common stock until
the foregoing requirements have been complied
with by the person or persons, tm OF corporation
provoking such foreclosure sale The Board
Of Directors shall have authority, however. 10
waive the above requirements as To any particular
h,pothccation or pledge Of common stock, by
resolution adopted at regular meeting Of the
Board, or at a meeting attended by all the mem
hers Of the Board of Directors such resolution
being adopted in advance Of the pledge or
hypothecation.
said Appearers further declared that the DELHI
erationS had at said stockholders meeting author
ling the amendment TO said Article ~ Of the
Charter IF said corporation, correctly shown
10y the Minutes Of said meeting, a copy whereof,
duly certified, i attached to and made part
hereof
said Appearers further declared that. as will
appear from the aforesaid Minutes Of the meeting
of stockholders of said corporation, they were
Seyerally authorized to appear before a Notary
Public for the purpose of executing. in authentic
form the amendment to Article " OF the Char
ter aforesaid, and they do now appear before me,
said Notary for the purpose of carrying out and
giving effect TO the resolutions adopted by the
shareholders. amending the Charter OF said cor
poration in the particulars hereinaboye men
toned and set forth and to cause said amend
ment to be recorded and published. as required
by law, To serve and avail a. the future may or
shall hereafter require.
Thus done and passed at nv Office in the CITY
of New Orleans. the day, month and year
first hereinabove written, in the presence Of
Frances Eisler and Roy Willie. competent wit
uesSes, who hereunto sign their names. together
with said Appearers and me, Notary, after due
reading of the whole
(Original Signed)
Witnesses: F. Eisler, Roy Willie.
Chairman.
JSO. F. FINKE.
Secretary.
CHAS. F. FLETCHINGER,
|, 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 TO the Charter of John NJ.
my office in Book 1929. Folio 2S4
New Orleans, La, July 90, 1918.
(Sgned) EMILE J. LEONARD, d. r.
| hereby certify the above and foregoing 10 |
be true and correct copy Of the original Act !
of Amendment file and OF record in my |
office.
As witness my hand and notarial seal at New
Orleans, La. this goth day Of July. 1918.
CHAS. F. FLETCHINGER.
Notary Public. |