The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-09
AMENDMENT To- CHARTER OF
4 ARDN & CDMPANN INC


Orleans
BE If known. that on this ninth day Of
April in the wear on thousand nine hun
drrd and eighteen. before me-. Charles RO-
sen. a Notary Public. duly commissioned
and uUalIr-t in and for the above Par
i~l therein residing and ia the preSan""
Of the witnesses hereinafter named ana
undersigned. personally CAME aud ap-
pea red
N- william r. Eurk-uroat Chairman
and Mr. Moses II. BItt. Secretary of
meeting % the stockholders Of J. Aron
Company. Inc. corporation Organized
and existing under the laws Of this STATE
Incorporated by act before Percy : Ben
edirt Notary Public. for this Parish. on
January 1t. 1913. recorded in Mortgage
Office Of this Parish in Book ll27. Folio
40. when ~aid meeting ot Sto' NAo!trrS
was held 1t the Office of said company.
in this City. on the eth day Of January.
l'l~. AT the hour Of 10 o'clock a. m
which said app-arerS declared tlat az
said meeting the entire capital stock Or
said corporation was present or repre-
>auted and that by unanimous vote Of all
Of said 80, khOlderS Article Four Of the
charter Of said corporation was amended
80 A. % read a fellows.
Article IV.--"The total authorized CAPT
CIl stock of this corporation i hereby de-
Clarrd 70 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 70 Three Hundred Thousand
Dollars shall be Common stock. already
issued, and Three Thousand shares
amounting 70 Three Hundred Thousand
Dollars shaH be Preferred stock repre-
,enting said increase.
The holders Of the Preferred stock shall
be- entitled 10 receive. a and when de-
rlared. from the surplus or net profits Of
the corporation, dividend OF eight per
cent per annum. payable yearly. said
dividends shall BE- cumulative and shall
b. paid in full before any dividends are
paid on the Common stock. on diSsOlu-
lion or liquidation of the corporation. the
holders OF outstanding preferred stock
shall be entitled 70 b. paid the full par
valIe Of said stock with all unpaid dIvl-
bends accrued thereon. before any pay
ment i made on the Common stock. and
any property remaining shall be- di>tTib-
Uted ratably among the holders Of the
Common stock.
The Board Of Directors may issue said
preferred stock from time 70 time for not
less than par. aud the Board may call in
and redeem at par all or any portion Of
such preferred stock at any time on giving
70 the registered holder thereof thirty
days written notice mailed or delivered 70
his address. after which thirty days no
further dividends shall be due on said
stock, the. redemption in all cases 10 be
made prOpOrtiOnately among the preferred
stock holders according 70 their reSpeC-
tive holdings OF record at the date of such
redemption. The Board may az any time
reissue for not less than par said stock
50 redeemed and called in. and when so
reisSued said stock shall have all the
rights and be subject 10 the same pro
visions as when originally issued. said
preferred stock shall have no voting pow
er. No transfer or stock shall be bind
ing upon this corporation unless same APP
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
ease of disagreement As 10 said valuation.
the matter shall be arbitrated. one arbi-
traitor with the powers of amicable com
Founders TO be appointed by each side.
two. who shall take oath and whose de-
ciSiOn 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 10
Six Hundred Thousand Dollars and the
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
a NOtarial Act Of said amendment. and DO
hereby declare that said Charter has been
Thus done and passed in my NOtarial
Office in this City, in the presence of Alvin
". BOhning. and TheO. \. 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.
Original signedD
VIM. Z. BurkenrOad, Chairman; VI. II.
Badt. Secretary.
Witnesses: \. W. BOhning. I. \. Miller.
tSeaD
CHARLES ROSEN. Not. Pub.
l. 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 &
Company, Inc. was this day duly record
ed in my office in Book 1919. Folio so.
New Orleans, April 10th. 1918.
tSeaD
tSigned) EMILE J. LEONARD d. Z
y true copy.
CHARLES ROSEN, Not Pub.
Apr. 1925 May 9-16-23