The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22

N'H-'ohENI 10 CHARTER OF JOHN NJ
PARKER COMPANY.
State of Louisiana Parish of Orleans Citv ~
New Orleans.
ne II known that on this. the Goth day of
.h he month OF july in the year of our Lord one
independence OF the United States of America
tne one hundred and forty-third, before me.
onarles r Fletchnger, Notary Public, duly
COMMISSIONED and qualified in and for the CITY.
Parish and State aforesaid. therein residing and
IN the presence of witnesses hereinafter harmed
and undersigned. personally came and annearad
Soh9 n. Parker and John F. Finke. Jr., both
residents OF the City of New Orleans herein
appearing in their respective capacities as The
ohlirnan and Secretary of a meeting of the
stockholders OF John NJ. Parker Comnanv n
corporation organized under the laws of the
S State OF Louisiana, having its domicile in the
CITY OF New Orleans. incorporated bv act before
the undersigned Notary Public of date Julv n
l9o9' recorded Mortgage Book $50, folio 4O3
a., as amended by another act passed before the
Undersigned Notary Public, of date February
I'i,, recorded Mortgage Book 1906, folio 14o
SAID appearers severally declared that under and
pursuant TO resolution passed by the Board az
io necVoIs OF said corporation. of date June a.
ISio' authorizing and directing the converting
OF a meeting of stockholders a meeting of the
stocSnoiders OF John NJ. Parker COMPANY was
rStguIirV held and convened at the Office of the
company IN the City of New Orleans under date
OF June 10, 1918. at which meeting tbsra ,roro
present, either in person or by proxy each and
every shareholder of said corporation. Said an.
PeH,tLs iurther declared that at said meeting
SO held and convened. on motion being d,,lv
MADE and seconded, Article " of the original
charter OF said corporation as amended Was he
the unanimous vote Of all the Stockholders nresent
or represented at said meeting ordered changed
altered and amended 30 that said Article ~ ~
the charter should hereafter read as follows.
ARTICLE IV.-The Capital Stock OF th,s oor.
poratlon is heerby fixed at Five Hundred Thou.
sand Dollars (s500, O00), divided into Five Thou.
sahd (5OOO) Shares of the par yalue Of Ono
hundred (slO0) Dollars each OF srcb totaI
authorized capital stock Two Hundred and Fifty
Thousand (s250, 00O) Dollars shall be nre,errsd
and Two Hundred and Fifty Thousand (s25o 0oo1
Dollars shall be common stock. The holders of
the preferred stock shall be entitled 10 receive
when and as declared, from the surplus or net
prohts OF the corporation, yearly dividends AT
the rate OF six (6) per cent, payable at s,ch
time as the Board OF Directors may determine
All dividends on the preferred stock shall be
and shall be paid before any diyi.
bends are paid, or set apart on the common
stock. so that il in any year dividends amount
ing to (6) per cent shall not have been maid on
he preferred stock the deficiency shall be a,n-
olied before any dividends shall thereafter be
set apart for the common stock. When ali
mounts due for preferential, cumulative diyi
lends for previous years, and for preferential
dividends for the current year, shall have been
declared, set aside and paid, the Board Of Di
ectors shall, subject to the conditions herein
fter recited, then declare such dividends as they