The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-07
CHARTERS.

residing, and in the presence of the wit
neSSrS hereinafter named and undersigned,
personally came and appeared
MeSSrs. Herbert WadSwOrth and Joe Il.
thafe. herein appearing and acting in
their RESPECTIVE" capacities Pres ideut
ana 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
| MortGag" Onic" for the Parish of Orleans.
! in Book 1913. Folio --. on May l>t. 1913:
which said appearerS declared that in pur-
| >uanCr to Il resolution adopted at a Spe-
| cial meeting of the shareholders of said
| Company, held in IN" city of New or
| leans. at the Office of the Company. No.
800 Hibernia Bank Building. on the 2jth
day of February. 1918. after written waiv-
rr OF notice of said special meeting signed
by each and every shareholder of tn"
Company. as will appear from certified
copy of the minutes of said meeting here
unto annexed and made part hereof. Ar
ticleS " 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 IN.-The capital stock of this |
corporation il hereby fXed AT the sum of
Three Hundred and Fifty Thousand Dol |
lars (S3JO.OOO.OOD. divided into and repre- |
Sented by thirty five hundred C3.IO0l |
Dollars (SlOO.OOl each, of which one thou |
sand $1,000 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 he 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
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 in full 10 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 OOOOOi.
Article N.-The corporate powers of this
corporation shall he vested in and tn"
business of sam" shall be managed by |
board of five directors. to he elected an
nually from among the stockholders. and
any person having stock standing in his
name either as owner or agent shall III"
tlQ1ilUeu 10 become Il director. ne UfSi |
I;oard of Directors shall consist of J. Il.
ChafIc. Il. q. Bush, Jr., W. II. DelahouS
sage. Il. W. Henry and ]. &. lie bourgeois,
and they shall hold office until tn" third
successors are elected and qualified. Th"i
Board of Directors. Immediately upon
their election annually shall meet and elect
a President a Vice President. a Secretary
aud "A Treasurer. each of whom must be
chosen from among their number and
shall hold office until their successors are
elected. The Offices of Nicc-PreSident and
Treasurer or the offices of Secretary and
Treasurer, respectively, may be held by
the same person.
CThe balance of said articles TO remain
unchanged except as to date of annual
mectingD.
Said appearcrs further declared that, in
their above respective capacities and III
pursuance of said resolution. they now eX-
ecute this act for the purpose of com
plotting 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
hereuntO affixed their signatures. togeth-
pr with those of said appearerS and me.
Notary. after due reading of the whole. |
Original is signed: Herbert WadSwOrth.
Joe u. Chaffe.
Witnesses: Burt W. Henry. Roy Willie.
CHAS. r. FLElCHlN6ER. nor. rub |
|, 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,
i'm Book 1919, Folio
New Orleans. La, March I. 1918.
(Signed) EMILE J. LEONARD, ID. Il.
(SeaD
\ true copy of the original act.
CHAS. +. FLETCHINGER, Not. Pub. l
Nch 7-l421- 2S Apr All