The herald., 1918-10-24
AMENDED CHARTER OF THE INTER
STATE ELECTRIC COMPANY

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known, That on this eleventh
day of the month of July in the year OF
our Lord one thousand nine hundred and
eighteen and of the Independence of the
United States of America, the one hundred
and forty-second, before me, Arthur A, Mo
reno, Notary Public, duly commissioned
and qualified, in and for this city and the
Parish Of Orleans, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared: Percival Stern and Samuel He'll
mag, who declared that at a general meeting
OF the stockholders of the Interstate Electric
Company, corporation organized by an
act passed before Joseph Lautenschlaeger,
Notary Public, on May list, 1904, and amend
ed by act passed before the undersigned
Notary, February 10th, 1918, held at the Of
flee OF the said Interstate Electric Company,
on the 18th day of July, 1918, they were
elected respectively president and secretary
of the said stockholders meeting as will ap-
pear by a certified copy of the minutes Of
said meeting annexed hereto for greater ref
erence. And that the said Percival Stern
as president and the said Samuel Hellman
as secretary of the said stockholders meet
ing, were authorized and empowered to ap-
pear before me for the purpose of amending
the said charter of the Interstate Electric
Company. And the said appearers, as presi-
dent and as secretary respectively of the
said stockholders meeting and acting in
poration by virtue of the authority conferred
upon them at the general meeting of said
stockholders, declared that Articles w and
V OF the charter of the said Interstate Elee-
tric Company, passed before Joseph Lauten-
schlaeger, Notary Public, on the first day of
May, 1904, and amended by act before the
undersigned Notary, February 10th, 1918. has
been changed, altered and amended to read
IN Its entirety as follows:
ARTICLE IV.-The capital stock of this
C0rnOrafiOn &c Aaoon mn M
vided into four thousand shares (4OOO), of
the par value of $1,000 each. OF the shares
authorized fifteen hundred Q50O shares shall
pc preferred stock and twenty-five hundred
lL1ol shares shall be common stock. Each
snare OF the common and preferred stock
snail be entitled to one vote in person or
g proxy at all meetings of stockholders
Inc terms, conditions, limitations and pro-
VISION, upon which said preferred stock is
issued are these: The holders thereof shall
De entitled to receive out of the net profits
iixed cumulative dividend of eight per
cent per annum on the 18th day of Febru-
ary OF each year and the par value of said
pie!srred stock, with cumulative per cent
,ears from the time they become due, shall
De paid In full out of the assets of the COM
pany IN preference to the common stock in
me event OF any liquidation of the Company
ton of its corporate existence or anv Other
causes, before any distribution of capital
snali be made to the holders of the common
stock The preferred stock, however. shall
NOT be entitled to participate in any Other
or additional earnings or profit Until the
P pLIe stock has been retired no dividend
sIdil oe declared on the common stock un-
III all dividends and interest due on the
preferred stock have been actually paid and
unless there is earned during the previous
l I year twice the amount of such divi. |
o uena exclusive OF all dividends paid on the
pieteHed stock during the fiscal year Five
years after its issuance the company NAV
Letire any or. all of the preferred stock |
oy payment of the par value thereof. and
asea .L dividends including pro rata |
terest on dividends in arrears. il anv. be due
ana snail retire the same by making a like
'aymeni' on sixty 900 days written demand |
'e,ns made on the Company to do so by any
i SIm OF the preferred stock. The company
nan nave the right to retire any or all of