The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22
CHARTER

may deem proper on the common stock out of
the surplus earnings or profits, growing out of
the business OF the current previous years.
III any person not connected with the corpora
ltion as officer, director or employee should at
any time become the holder OF common stock,
aad should the dividends applicable 10 the com
linon stock IN any year equal or exceed ten G0)
Iper cent in amount, then and in any such event
Tor events. the dividends payable to Noncompliance
| holders 81 common stock shall never exceed GO)
Iper cent IN amount, the excess, II any, shall he
lapplicd 10 surplus. The preferred stock in whole
Tor in part, may be retired or redeemed at any
time by vote Of three fourths OF all Of the
outstanding common stock OF the corporation at
a meeting called for that purpose. as provided by
law; and when thus retired may be held in
suspense IN the treasury. subject to resistance,
| If 1t be so desired by the Board Of Directors,
at not less than par. The retirement redenp.
tion Of the preferred stock shall be at par, with
accrued dividends The owners If the preferred
stock Shlal not have the right to vote on the
IqucStion Of its retirement. In the event Of
liquidation, whether voluntary or otherwise the
Holders Of the preferred stock shall be entitled
Ito receive the par value Of their stock, with
oil accrued dividends, before any division of the
corporate funds Is made or otherwise set apart
| in payment OF the common stock. The Capital
lStock OF the corporation shall not be issued for
less than par and shall be fully paid for in cash
Tor property, acceptable the Board Of Directors
at the time of its issuance. and thereafter shall
he worcestershire. No present or future stock
holder shall validity sell, assign or transfer
other than by inheritance, any OF the common
stock Of this corporation until the same shall
have been first offered TO the remaining stock
holders, for the boneht of those stockholders who
may desire to purchase same, through the Board
."t Directors, tOr period OF ten DAYS. at the
book value Of such stock. as shown by the books
of the corporation the first day OF August
Last preceding the date of Such offer Il shall
be the duty of the Board Of Directors promptly,
upon receiving an offer OF sale of any of the
common stock OF this corporation. 10 cummu-
ncate the same 10 the stockholders, in writing
through the secretary Of the company. and each
hold h, II IL
chase such proportion OF the stock offered for
sale as the number OF common shares owned bv
him at the time bears to the number Of shares
owned by all other stockholders desiring 10 par
tlcpate in the purchase. No sale under fore
closure, attachment other process or hv virtue
Of any power OF attorney pledge or hypothccation,
shall be validly made of the common stock until
the foregoing requirements have been complied
with by the person persons firm or corporation
provoking such foreclosure sale. The Board
Of Directors shall have authority. however TO
waive the above requirements 10 any particular
hypothctation or pledge Of common stock, by
resolution adopted at a regular meeting Of the
Board. or at 4 meeting attended hv all the mem
bcrs Of the Board of Directors, such resolution
being adopted IN advance Of the pledge or
hypotheCition.
Said Appearers further declared that the DELHI.
erationS had at said stockholders meeting author
ling the amendment to said Article ~ of the
Charter OF said corporation, are correctly shown
10y the Minutes of said meeting, a copy whereof
duly certified, Is attached to and made part
hereof
Said Appcarcrs further declared that, as will
appear from the aforesaid Minutes Of the meeting
Of stockholders Of said corporation they were
Sevcraly authorized 10 appear before a Notary
Public for the purpose of executing in authentic
form, She amendment 10 Article " of the Char
ter aforesaid, and they do appear before me,
said Notary. for the purpose OF carrying out and
giving effect to the resolutions adopted by the
shareholders. amending the Charter of said cor.
poration in the particulars hercinabove men
toned and set forth and 10 cause said amend
mcnt to be recorded and published, as required
by law to serve and avail as the future may or
shall hereafter require.
Thus done and passed at my office in the CITY
Of New Orleans on the dav. month and year
first hereinaboye written, in the presence OF
Frances EiSlcr and Roy Willie. competent wit |
neSSeS, who hereunto sign their names. together |
reading Of the whole.
(Orignal Signed)
Witnesses: +. Eisler, Roy Willie.
JNO. NJ PARKER.
Chairman |
JNO F. FINKE,
Secretary. |
CHAS F. FLETCHINGER,
Notary Public.
|. the undersigned. Recorder Of Mortgages. in
md for the Parish Of Orleans. State of louisiana
Vet of Amendment 10 the Charter Of John VI.
'arker Company was this day duly recorded in
NY Office in Book 1929. Folio 2Sl.
New Oreaps. La. July 20, 1918.
(Signsd EMILE J. LEONARD, d. r.
| hereby certify the above and foregoing TO
4 Amendment now file and Of record in my
,iice.
As witness my hand and notarial seal at New
orleans, La, this 30th day of July. 1915
CHAS. +. FLETCHINGER,
Notary Public.