The herald., 1918-03-21
CHARTERS.

residing, and in the presence Of the wit
nesScs hereinafter named and undersigned,
personally came and appeared:
MeSsrs: Herbert WadswOrth and Joe +.
Chaffe, herein appearing and acting in
their respective capacities as President
and Secretary of the Laurel Grove Com
pany," corporation organized under the
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 lOSS. Folio --, on May lst 1913
which said appearcrs declared that I'm pur-
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.
800 Ilibernia Bank Building, on the 18th
day of February, 1918. after written Waiy-
cr of notice of said special meeting signed
by each and every shareholder of the
Company, as Will appear from "A certified
copy of the minutes of said meeting here
unto annexed and made part hereof, Ar
tiClCS " and ' 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 as TO read as fol
lows:
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
Three Hundred and Fifty Thousand Dol
lars $350000.O0), divided into and repre-
shares of the par value of one Hundred
Dollars (SlOOOO) each, of which one thou
sand Q,UOO) shares shall be Preferred
Stock and twenty five hundred (2,5OOJ
shares Common Stock.
The Preferred Stock shall be entitled to
preferred dividends at 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
Common Stock of the corporation unless
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 vOt-
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 in 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 on 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 $500, 000.00J
Article N.-The corporate powers of this
corporation shall be vested in and the
business of same shall be managed by q
board of five directors, to be elected an
nually from among the stockhO lders, and
name either as owner or agent shall be
qualified to become a director. The first
Board of Directors shall consist of j. Il.
Chaffc, X. G. Bush, Jr, w. ii. Delahous-
sage, Il. W Henry and j. G. lie Bourgeois
and they shall hold office until the third
Monday in February, 1914, or until their
successors are elected and qualified The
Board of Directors, Immediately upon
their election annually shall meet and elect
n President, a Nice-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 Vice 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
meeting).
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
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
hereuntO affixed their signatures, tOgeth-
er with those of said appearers and me
Notary, after due reading of the whole.
Original is signed: Herbert WadswOrth
Joe Il. Chaffe.
Witnesses: Burt W. Henry, Roy Willie
CHAS. +. FLETCHINGER, Not. Pub
/, 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 amendment
| TO charter of The Laurel Grove Company
was this day duly recorded in my Office
| in Book 1919, Folio -
New Orleans. La, March 4. 1918.
| (Signed) EMILE j. LEONARD, ID. II.
| (SeaD
true copy of the original act.
CHAS. +. FLETCHINGER, Not. Pub
Mch 7-14-2l-2S Apr All