The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-01

NhENDhENi 10 CHARTER OF JOHN NJ.
PARKER COMPANY.
State Of Louisiana. Parish of Orleans. CITY OF
New Orleans
be II known that this. the Goth dav of
the month OF July, in the wear Of our Lord one
thousand. nine hundred and eighteen and y; az
independence Of the United States Of America
tne one hundred and forty-third before me
'haries p. tletchinger, Notary Public duly
commissioned and qualified in and tor the City
Parish and State aforesaid. therein residing and
IN the presence Of witnesses hereinafter name5
and undersigned, personally came and annearad
John NJ. Parker and John r. Finke II ho,h
residents OF the City Of New Orleans herein
appearing in their respective capacities as the
Chairman and Secretary OF a meeting Of the
stockholders Of John NJ Parker COMPANY. a
corporation organized under the laws az The
State Of Louisiana. having its domiciJe in the
my OF New Orleans, incorporated by act before
the undersigned Notary Public. Of date July 81
1909, recorded Mortgage Book $50. folio 4N3
a. amended by another act passed before the
undersigned Notary Public. OF date February s.
1917, recorded Mortgage Book 1906, folio l42
Said appearers severally declared that under and
pursuant TO resolution passed by the Board of
Directors OF said corporation. Of date June IA
1915 authorizing and directing the converting
OF meeting Of stockholders, a meeting OF the
stockholders Of John NJ Parker COMPANY was
regularly held and convened at the office OF the
company IN the City of New Orleans under date
of June 10, 1915 at which meeting there were
present either in person or by proxy, each and
every shareholder Of said corporation. Said an
Ptd.ets iurtnef declared that at said meeting
50 held and convened, on motion being duly
made and seconded, Article " of the original
charter OF said corporation as amended was by
the unanimous vote Of all the stockholders present
or represented at said meeting ordered changed.
altered and amended that said Article " of
the charter should hereafter read as follows;
ARTICLE N.-The Capital Stock Of this cor.
porstion is heerby fixed at Five Hundred Thou.
sand Dollars s50O.OO0). divided into Five Thou.
sand (5OO0) Shares OF the par value of One
Hundred (sl00) Dollars each OF such total
authorized capital stock Two Hundred and Fifty
Thousand ts250.000) Dollars shall be preferred
and Two Hundred and Fifty thousand $3.50 oOO)
Dollars shall he common stock. The holders OF
the preferred stock shall be entitled To receive
when and as declared, from the surplus or net
pronts OF the corporation, yearly dividends at
the rate OF six (6) per cent, payable at such
time as the Board Of Directors NAV determine
All dividends on the preferred stock shall be
cumulative, and shall be paid before any diyi-
dends are paid, or set apart on the common
stock. so that il in any year dividends amount
ing TO 90 per cent shall not have been paid on
he preferred stock the deficiency shall be sup
Piled before any dividends shall thereafter be
set apart for the common stock. When all
mounts due for preferential, cumulative divi-
lends for previous years, and for preferential
dividends for the current year, shall have been
declared, set aside and paid. the Board OF Dr.
ectors shall, subject to the conditions herein
fter recited, then declare such dividends as they