The herald., 1918-05-02

United States OF America. State OF Lou
i~iaua. Parish OF Orleans, city Of NJ"
Orleans.
Re il known. that on this ninth day Of
April in the year one thousand. mn" nun
bred and eighteen. before ne. Charles Eo-
sen. a Notary Public, duly commissioned
and qualified. in and for the aboY" PAR
J i~h therein residing. and IN the Pr->eh',
OF the witnesses hereinafter haH-'u anu
Undersigned. personally came and ap-
pelred
| N-. william +. Burkrnroad. Chairman.
and Mr.. Moses II. Badt, Secretary Of .
meeting % the STOCKHOLDERS of J. Aron x
Company. Inc. corporation ORGANIZED
and existing under the laws OF this state.
incorporated by act before Percy ;. Ben
cdict. Notary Public. for this Parish. on
January lSt. 1918. recorded in Mortgage
Office of this Parish in Book ll2'. FoHo
10 which said meeting of stoc kholderS
was held at the Office OF said company.
in this City. on the 18th day of January.
which said apprarerS declared that az
said meeting the entire capital stock or
said corporation was present or repre-,
sented. 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
bred 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 to Three Hundred Thousand
Dollars shall be Preferred stock repre-
/ senting said increase.
| The holders of the Preferred stock shall
| be entitled TO receive. as and when de
clared. from the surplus or net prohts OF
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 arr
paid on the Common stock. on diSsOlu-
| lion or liquidation of the corporation. the
| holders Of outstanding preferred stocs
| shall be entitled TO be paid the fun par
| value OF said stock with all unpaid diyi-
ment Is made on the Common stock. and
any property remaining shall be distrib-
uted ratably among the holders OF the
| Common stock.
The Board of Directors may issue said
preferred stock from time TO time for not
less than par. and the Board may call IN
and 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 "a
his address. after which thirty days nc
further dividends shall be due on said
| stock; the redemption in all cases 10 be
made proportionately among the preferred
| stock holders according to their respec-
tive holdings OF record at the date of such
I
reissue for not less than par said stock
| so redeemed and called in, and when sc
| reissued said stock shall have all the
rights and be subject to the same pro.
/ 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 tc
| 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
| 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
Six Hundred Thousand Dollars and the
Preferred to -Four Hundred Thousand
| Dollars"
All as more fully set forth in a certi,
ned 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
4
hereby declare that said Charter has been
| amended as above set forth.
| Thus done and passed in my Notarial
| Office in this City, in the presence of Alvin
W. Bohning. and Theo. 4. Miller, COM
petent witnesses of lawful age and re-
siding in this City who have signed the
same with the said appearers and me
Notary. after due reading of the whole.
1 (Original signedD
VIM. L. Burkenroad, Chairman: NJ. II
| Badt. Secretary.
Witnesses: A. W. Bohning, T. A. Miller
| (SeaD
| CHARLES ROSEN, Not. Pub.
| 1. the undersigned. Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana. do hereby certify that
the above and foregoing Act of Amend
ment of Incorporation. of the J. Aron 4
Company. Inc, was this day duly record
| ed in my office, in Book 1919. Folio 591.
New Orleans, April 10th, 1918.
| (SeaD
| (Signed) EMILE J. LEONARD, d. R
| \ true copy.
| CHARLES ROSEN, Not. Pub.
Apr. 1875 May 2-9-16-23
| CHARTER