The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-28
CHARTERS.

residing, and in the presence of the wit
neSses hereinafter named and undersigned,
personally came and appeared:
Messrs. Herbert Wadsworth and Joe Il.
Chaffe, herein appearing and acting in
their respective capacities as President
and Secretary of the Laurel Grove Com
| laws of the State Of Louisiana, with its
| dOmicile in the City of New Orleans in
| said State, created by act before Alexis
| Brian, Notary Public, in this City. under
| date of May list, 1913, and recorded in the
| Mortgage Office for the Parish of Orleans
in Book l0Ss, Folio -, on May LIST, 1913;
Suance to a resolution adopted at spe-
| cial meeting of the shareholders of said
| Company, held in the City of New Or
| leans. at the Office of the COMPANY No
| day of February, 1918. after written w;liv-
or of notice of said special meeting signed
| by each and every shareholder of the
| Company, as will appear from n certified
copy of the minutes of said meeting here
| unto annexed and made part hereof. Ar
| ticleS ~ and V of the charter of said
| Company Were, by unanimous vote of all
| the shareholders present or represented
constituting all the shareholders of the
Company amended so to read as fol
! lows
Article Iv-The capital stock of this
corporation is hereby fixed ut the sum of
| Three Hundred and Fifty Thousand Dol
lars lS3JOOOOOOl, divided into and repre-
scented by thirty five hundred (3,JOO)
Dollars (SlOO.OOl each, of which one thou
sand Q,OOO) shares shall be Preferred
Stock and twenty-five hundred (2,J00)
shares Common Stock.
The Preferred Stock shall be entitled to
preferred dividends ut the rate of eight
per cent, per annum on the par value
thereof, to be payable annually out of the
net profits which may be realized by the
corporation and the said dividends shall
be cumulative.
No dividend shall be declared on the
N nf fhn ion.
and until all the cumulative dividends on
the Preferred Stock shall have been paid.
The holders of Preferred and Common
Stock shall be vested with the same yOt-
ing power.
In the event of the liquidation. for any
reason, of the assets of this corporation,
the holders of Preferred Stock shall be
entitled to be paid i'll full TO the extent
of all unpaid accumulated dividends there
on, together with the par value of their
stock, before any holders of Common Stock
shall receive any payments the same
from the assets in liquidation.
The amount to which the capital stock
of this corporation may be increased is
hereby fixed at the amount of Five hun
dred thousand dollars (S500.00000).
Article E.-The corporate powers of this
corporation shall be vested in and the
business of same shall be managed by a
board of five directors, to be elected an
nually from among the stockholders, and |
any person having stock standing in his |
name either as owner or agent shall be |
quallned to become Il director. The first |
Board of Directors shall consist of j. Il. |
Chafre, Il. G.. Bush, Jr., W. ii. DelahOus-
save, Il. W. Henry and J. e. lie bourgeois |
and they shall hold office until the third |
successors are elected and qualified. The |
Board of Directors, Immediately upon
their election annually shall meet and elect |
a President, a Vice President. a Secretary
and a Treasurer, each of whom must be
chosen from among their number and
shall hold office until their successors are
elected. The offices of Nice-President and
Treasurer or the offices of Secretary and
Treasurer, respectively, may be held by
the same person.
(The balance of said articles to remain
unchanged except as to date of annual
Said appearers further declared that, in
their above respective capacities and in
pursuance of said resolution. they now ex-
pleting the amendments to Articles " and
V of the charter of said Company, which
articles. as amended, read as hereinabOve
set forth.
Thus done and passed, in my office, at
the City of New Orleans, on the day,
month and year herein first above written,
in the presence of Burt w. Henry and
Roy Willie, competent witnesses, who have
lereunto affixed their signatures, tOgeth-
.r with those of said appearers and me,
Notary, after due reading of the whole.
Original is signed: Herbert WadswOrth,
Zoe b. Chaffe.
Witnesses: Burt w. Henry, Roy Willie.
CHAS. +. FLETCHINGER, Not. Pub.
l. the undersigned, Recorder of Mort |
cages, in and for the Parish of Orleans,
state of Louisiana, do hereby certify that
he above and foregoing act of amendment
% charter of The Laurel Grove Company
vas this day duly recorded in my office,
N Book 1919, Folio -
New Orleans, La, March 4, 1918.
,Signed) EMILE ]. LEONARD, ID. r.
,SeaD
A true copy of the original act.
CHAS. F. FLETCHINGER, Not. Pub.
Ilch 7-14-21-2S Apr All IL