The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22
CHARTER
AMENDMENT TO THE CHARTER OF
THE PAN-AMERICAN FURNITURE
FACTORY INC

United States Of America, State OF Louis
lana, Parish Of Orleans, City OF New
Orleans:
BE il known that this twenty day
OF he month OF July, in the year OF oui
Lord, One Thousand Nine Hundred ans
Eighteen, and Of the Independence Of tn,
United States Of America, the one hundred
and forty third:
Before me, Theodore A. Schuber, Notary
Public, in and for the Parish OF Orleans
state of louisiana, duly commissioned, swOrr
and qualified, and therein residing, and II
the presence Of the witnesses hereinafter
named and undersigned; personally came ant
appeared: Mr.. Albert {. Jacobs, and Charles
b. Levy. both of lawful age, and residents
OF this City and State, and herein appearing
in their respective capacities Of President
and Secretary Of The Pan-American Furni-
ture Factory, Inc, a corporation organized
by act before the undersigned Notary Pub,
lie, on February 5th, 1916, and recorded in
NJ. O. B. ll95, folio IA.
| Which said appearers declared that pur.
| suant 10 a resolution adopted by the stock
holders OF said corporation, passed at a
| stockholders meeting held on the 10Th day
OF July 1918. a certified copy Of the minutes
| OF which meeting is hereto annexed and made
| a part hereof, said meeting having been
| convened for the purpose recited in said
| resolution and in accordance with the char.
! ter, and the provisions Of the law, the fol-
| lowing changes and amendments were
| made in the original charter executed before
the undersigned Notary Public, on the 5th
| day Of February, 1916.
ARTICLE III.-The capital stock Of this
corporation Is hereby fixed at the sum of
Seventy Thousand Dollars tS7O.OOOOm, Thirty
Five Thousand Dollars tSS5GOOO, 10 be
represented by three hundred and fifty
shares Of preferred stock, OF the par value
OF One Hundred dollars (SlOOOW each and
thirty thousand dollars (S55OOlOO, TO
be represented by three hundred and fifty
shares OF common stock of the par value Of
one hundred dollars ClOOOCD each, said stock
to be payable at such times, and in such in
stallmcnts, and under such conditions as the
Board Of Directors may determine. Said
STOCK NhaII he paid Tor in cash, in prop
erty actually received by the corporation
The capital stock Of this corporation NAV be
increased to the sum- of One Hundred Thou
sand dollars (SlO0OOOOO. This corporation
HidiI he HolHg concern as soon As the sum
OF Ihirty-fIve thousand dollars CSS5.OOOUO
has been subscribed for and paid in
The other conditions. limitations and pro.
VISIONS under which the preferred stock
shall be issued, hereafter enumerated:
The holders Of preferred stock shall be
entitled to receive out Of the net profits of
NIo) per cent per annum. payable semi
annually, to-wlt: on the first day OF Tanu-
airy and July. OF each year, before any dvi-
dend can be paid or set aside on or for the
elapsed The principal, or par value of said
preferred stock, with cumulative dividends
thereon at seven per cent per annum from
the date dividend should have been paid
snail De paid IN full out OF the assets OF the
company, IN preference to any of the common
stock. IN the event Of liquidation of this
corporation from any cause, and before anv
distribution can be made of the caDitaI
among the holders Of the common stock
The dividends upon the preferred stock are
10 be cumulative, and bear per cent inter
est from their maturity date as herein pro
vided, compounded annually. so that, If. for
i,Iz IL.
not paid. the right thereto shall cumulate
against the common stock: and all arrears
OF such dividends so accumulated and interest
thereon as herein provided, must be paid
before dividends can be paid on the common
stock The preferred stock shall not be
entitled, however to participate in any other
earnings, dividends or profits The right
ot the holders Of preferred stock to he cred.
tied with dividends shall commence from
the data Of actual payment of such stock
The Board OF Directors shall have the right
and option OF retiring the preferred stock
IL whole or IN part, at any time. and from
time 20 time. after five years from the date
OF this charter. at a price of One Hundred
and len Dollars CSll0CO per share in addi-
ton 10 the cumuated dividends and interest |
theTeon' It any. as heIenabove provided for. !
Such retirement shall be at the option OF |
the Board of Directors. and shall be effected
by payment out of the surplus funds. and
IN no cause shall such preferred stock be |
reured under circumstances as would produce |
STOCK
corporation, the outstanding common stock |
10 be then worth no less than par Such
retirement or redemption of preferred stool |
can only be effected on thirty days previous |
notice IN writing 20 the holders of preferred
stock of record. after drawing by lot in the |
presence of the Board of Directors I-po,
such notice, all dividends. interests and ar
tired stock.
Preferred stock shall enjov no voting nox.
er; and no holders or owners Of preferred |
stock shall be entitled to anv vote with
respect to such preferred stock, or in any |
"a inc AFFAIRS OF TINS coropratiOn, or meet
ings OF the stockholders or directors thereof |
The whole of the above will more fully an.
pear by the annexed certified copy of the |
minutes Of said stockholders meeting
The said appearers having requested me
Notary, to put, said amendments in authen.
Tic form, do. by these presents, receive said
amendments in the form of this public act |
10 the end that the said amendments NAV
DE promulgated and recorded. and thus read
IN the original charter passed before me
5th, 1916 "'''
Thus done and passed in NV office - -.
City OF New Orleans, La, on the date herein. |
ABOVE tirst written. in the presence of Mes
srs Edgar NJ. Calm, and Irwin Thomas
competent witnesses, who hereunto sign their
names, together with the said appearers and /
me: Notary after due reading of the whole |
Witnesses: Edgar NJ. Calm, Irwin Thomas |
Original signed
A. {. Jacobs, Pres. Chas B. Lew. Sertv
THEODORE A. SCHUYLER
Notary Public.
|, the undersigned. Recorder of Mortgages
IN and for the Parish of Orleans, State Of
louisiana, do hereby certify that the above
and foregoing Amendment 10 the chartrr of
The Pan-Americsn Furniture Factory, Inc,
was this day recorded in my office in Book
l222 folio =
New Orleans, July -. 1918
y
A true copy of the original.
(SeaD
THEODORE A. SCHUBER.
A.. ,o,,, Notary Public
AMENDMENT TO CHARTER OF JOHN NJ
PARKER COMPANY
state OF Louisiana Parish of Orleans. CITY ~
New Orleans.