The herald., 1918-01-24
January 2nd, 1918.
AMENDMENT OF THE
CHARTER OE THE

/
CARONDELET INVESTMENT COMPANY
United States of America, State of Louisi-
ana, Parish of Orleans, City of New
Be 1t known, That on this second day
of the month of January. in the year of
our Lord one thousand nine hundred and
eighteen, and OF the Independence of the
! United States OF America, the one hundred
and forty-second, before me, William j.
Formento, q Notary Public, duly commits
stoned and qualified, in and for the Parish
OF Orleans, State of Louisiana, therein re-
siding. and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared:
Messrs. Albert L. Stewart and Edwin
acting herein in their respective capacities
as President and Secretary of the Carondelet
investment Company, corporation duly in
eorporated by act before VIM. J. Formento,
Notary Public, for the Parish of Orleans,
La, on January sth, 1914, and duly recorded
in the Mortgage Office. Book No. 1ll9 folio
No. $685. and amended as per act-dated April
9th: 1914 passed before VIM. J. F9Tmento,
La, duly recorded in the mortgage Office,
Book No. lll9, folio No. 747. and domiciled
in the City of New Orleans; the said Pres
ident and Secretary appearing herein under
and by virtue OF resolution adopted by the
| stockholders of the said Company, at a
meeting held on the twenty fourth of De-
cember, 1917, duly certified copy of the
extracts OF the minutes OF the said meeting
being hereto annexed and made part hereof;
Who declared. That in order to carry into
effect the resolution adopted by the stock
holders at special meeting of the stock
! holders on December oath, 1917, after due
notice in writing had been given thereof TO
each stakeholder by letter mailed to his
last known address and all further notice
being waived and all stockholders being
either present or represented by proxy, which
resolution was unanimous as will appear by
nf art
of said meeting;
They, the said appearers. acting as afore.
said, do by these presents on behalf of the
stockholders of this corporation, declare, pro-
| claim and publish the following change and
| amendment to Article One and Article Five
of the aforementioned amended act of incor-
poration and original act of incorporation,
| respectively. for the purpose of adopting the
same in lieu, place and stead of Article One
| Of the said amended act of Incorporation and
| Article Five of the said original act of In.
corporation, to be henceforth binding and
| obligatory upon the said stockholders of the
| Company or all others whom the same may
or shall concern; the said Article One of the
| said act of incororation of the Carondelet In
| vestment Company is hereby amended SO
| as to read as follows:
| ton shall be the Acme Realty Company, In
corporated. and by that name it shall be
| known and shall enjoy succession for the
term of ninety-nine, years from and after
II
Article Five of the Nsaid original act Of
| incorporation of the Carondelet Investment
| Company is hereby amended so as to read
! as follows:
Article Five.-"The capital stock of thi:
corporation is hereby fixed at the sum Of
| Thirty thousand dollars (S300O.O), which
| shall be divided into Ten Thousand doll lars
| ($l00Oo0O of common and into Twenty thou
l sand dollars (S20,0O000) of preferred. OF the
common there shall be two hundred share.
/ (2OO) Of the at value of fifty dollars ($5000
| each; and of the preferred there shall b,
four hundred shares 600 of the par value
| ferred stock shall be entitled to receive divi
dends at the rate of ten Q0o6) per cent pc
| annum payable semi-annually, on the hrs
Monday of January and on the first Monda,
of said corporation, before any dividend shall
be aid uon the said common stock ant
such dividends shall be cumulative so tina
| any deficiency in the dividends to be pai'
made good out of the earnings of subse
quent years before any dividend shall b
| paid upon the said common stock. And i
case the earnings of the corporation shall
permit a dividend in excess of said te'
Q09o) per cent, so to be paid emi-annually
the said excess earnings, wholly or in part
Il as the directors may deem advisable, shall
be paid to the common stockholders An
on the final liquidation and distribution o
l its assets, arrears of dividends shall be pal
to the holders Of such preferred stock. an
the shares of preferred stock shall be pal
in full before any payment shall be mad
to the holders of the common stock; bu
when such arrears of dividends and the fac
value of such preferred stock shall hav
been paid, the holders thereof shall receiv
no other or additional payment"
Thus done and passed, in my notarial Of
fees at the City of New Orleans. La. o
the day, month and year herein first aboy
written. in the presence of Messieurs Fei
nand F. Teissier and Frank ]. Stitch, compe
! tent witnesses, who hereunto sign thei
names with the said appearers and me, NJ
tary, after due reading of the whole.