The herald., 1918-05-16
AMENDMENT TO CHARTER OF
j. ARON & COMPANY. INC.

United States of America, State of Lou
isiana, Parish of Orleans, City of New
ORLEANS.
Be it known, that on this ninth day of
April in the year one thousand. nine hun
dred and eighteen. before me, Charles RO-
sen. a Notary Public, duly commissioned
and qualified. in and for the above Par
ish therein residing, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and ap-
peared:
Mr.. William Il. BurkenrOad. Chairman,
and Mr.. Moses III. Badt. Secretary of a
meeting o. the stockholders of j. Aron &
Company, Inc, a corporation organized
and existing under the laws of this State,
incorporated by act before Percy S. Ben
edict, Notary Public, for this Parish. on
Office of this Parish in Book 1927, Folio
Il9, which said meeting of stockholders
was held at the office of said Company,
in this City, on the 9Th day of January,
which said appearers declared that at
said meeting the entire capital stock of
said corporation was present or repre-
scented, and that by unanimous vote of all
| of said stockholders Article Four of the
Charter of said corporation was amended
so as to read as fellows:
Article IV.-"The total authorized CAPT
tai stock of this corporation is hereby de
clared to be the sum of Six Hundred
| Thousand Dollars divided into Six thou
sand shares of the par value of One Hun
dred Dollars each.
OF said stock three thousand shares
amounting to Three Hundred Thousand
| Dollars shall be Common stock, already
| issued, and Three Thousand shares
| amounting 10 Three Hundred Thousand
Dollars shall be Preferred stock repre-
senting said increase.
The holders of the Preferred stock shall
be entitled to receive. and when de-
the corporation, a dividend of eight per
cent per annum, payable yearly. Said
dividends shall be cumulative and shall
be paid in full before any dividends are
ion or liquidation of the corporation. the
holders of outstanding preferred stock
shall be entitled to be paid the full par
value of said stock with all unpaid diyi-
dends accrued thereon, before any pay
ment is made on the Common stock, and
any property remaining shall be distrib-
uted ratably among the holders of the
Common stock.
preferred stock from time to time for not
less than par, and the Board may call in
ana redeem at par all or any portion of
such preferred stock at any time on giving
to the registered holder thereof thirty
days written notice mailed or delivered to
his address. after which thirty days no
further dividends shall be due on said
stock; the redemption in all cases to be
made propOrtiOnately among the preferred
stock holders according to their respec-
tive holdings of record at the date of such
redemption. The Board may at any time
reissue for not less than par said stock
so redeemed and called in, and when so
reissued said stock shall have all the
rights and be subject TO the same pro
visions as when originally issued Said
preferred stock shall have no voting pow
er. NO transfer of stock shall be bind
ing upon this corporation unless same ap-
pears on the books thereof.
No stakeholder shall have the right to
assign or transfer any share or shares
held by him unless he shall have first Of
fered same in writing through the Board
OF Directors, to the corporation which
shall have the right to purchase same
within ten days thereafter at the book
valuation at the time of purchase: and in
case of disagreement as to said valuation
the matter shall be arbitrated. one arbi-
| traitor with the powers of amicable com
Founders to be appointed by each side,
and an umpire to be selected by those
two, who shall take oath and whose de-
cision as to said valuation shall be final
And all the shares Of stock when so pur-
chased may be reissued at not less than
par value.
The Common stock may be increased to
Preferred to -Four Hundred Thousand
Dollars"
All as more fully set forth in a certi-
fed extract from the minutes of said
meeting hereto annexed.
Appearers declare that in accordance
with the resolution adopted at said meet
ing they hereby appear before me to make
la Notarial Act of said amendment, and do
hereby declare that said Charter has been
amended above set forth.
Thus done and passed in my Notarial