The herald., 1918-01-31

either present or represented by proxy, which
resolution was unanimous as will appear by
the annexed certified copy or the extracts
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:
Article One-"The name of this corpora
ton shall be the Acme Realty Company, In
corporated' and by that name 1t shall be
known and shall enjoy succession for the
term of nnety-nine years from and after
the date hereof, unless sooner dissolved
Article Five of the said original act OF
incorporation of the Carondelet Investment
Company is hereby amended SO as TO read
as follows:
Article Five.-"The capital stock of this
corporation is hereby fixed at the sum of
Thirty thousand dollars (S50,00O0O), which
| shall be divided into Ten Thousand dollars
| (SlO.OOOOO of common and into Twenty thou
sand dollars CS200O0O0 of preferred. OF the
| common there shall be two hundred shares
| 600 OF the ar value of fifty dollars (S5OO0)
| each; and of the preferred there shall be
| four hundred shares (4OO) of the par value
of fifty dollars $4,000 each. The said pre-
| ferred stock shall be entitled to receive divi-
| dends at the rate Of ten Q0&5) per cent per
annum payable semi-annually, on the first
Monday of January and on the first Monday
! of July of each years, out of the earnings
OF said corporation, before any dividend shall
~, a
such dividends shall be cumulative so that
any deficiency in the dividends to be paid
on said preferred stock in any years shall be
made good out of the earnings of subse'
quent years before any dividend shall be
paid upon the said common stock. And II
case the earnings of the corporation shall
permit a dividend in excess of said ter
Q0Go) per cent, so TO be paid semi annually
the said excess earnings, wholly or in part
as the directors may deem advisable, shall
be paid to the common stockholders AND
on the final liquidation and distribution o.
its assets arrears of dividends shall be paiC
to the holders of such preferred stock, and
the shares of preferred stock shall be paid
in full before any payment shall be made
to the holders Of the common stock: but
when such arrears of dividends and the face
value of such preferred stock shall have
been paid, the holders thereof shall receive
no other or additional payment"
Thus done and passed, in my notarial of
fees. at the City of New Orleans, La. on
written. in the presence of Messieurs Fer
nand F. Teissier and Frank J, Stitch, compe-
tent witnesses. who hereunto sign their
names with the said appearers and me, No
tary, after due reading of the whole.
Original sgned A. L. Stewart, President;
f. p. Muller, Secretary,
F. ]. Stitch, F, F, Teissier.
VIM. F. Formento. Not. Pub,
l. the undersigned Recorder of Mortgages.
in and for the Parish of Orleans, State of
Louisiana, do hereby certify. that the above
and foregoing Amendment of Charter of the
Carondelet Investment Co. was duly record
ed in my office, in book 1919. folio -.
New Orleans, January 4th, 1918.
Original signed EMILE ] LEONARD,
by. r.
true copy from the original.
VIM J. Formento, Not. Pub.
| Jan 10 " "a 81 Feb il