The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-01
CHARTER.

Gross, Notary Public IN this City, dated IA.
gust sih. lSiI, amended uy another Act pass
ca 'cl"Te he same Notary dated July lp,A
.'lH; the sand aplcaIC.> EsGrra 4-tgE I'D
'-tF SAID respective capacities ..- AID in
the Ha'uc. adj. .a behalf ni >... ..-...ar.ur
a-4 "Hrv-Nc. ay.lrs ua.Jr a.. .r .t.... .r
ID. resolution aN.I..t .- s..sr.. ..,s-..E
.. .t- SiHgNaH.tcI> 10 sand -.......- -l.!
at i.vi- office d. ;ay t:y a- N.s Orleans.
oa .H- ;IrI day oi AT-.. I.I., - daily .e-.r-
.tS' -'ry ~ which SAID !r. .at . u.s. .--e.p
annexed AID Made part ac.e.., g.. cy..s-
tatc.
".... al aitt rvrs ssl.ra..y declared g..
'.'I $50! ErsIgr.lyc capacities. ..t att.g
.-e "aS 'tsa. .ait.e gr4ur~I .. .ta q ..r-
tsal "o,;a. ,i She -j..a...l..- .. san ...-.
pgldttuH MAS convened aud l.G ~ ...-
Once 100 tins city, on the ta.si l.v ~ Aar..
wv, Tor the purpose ut yu..-g anon RID.
modifying, altering and amending -.t. or,..-
MAJ ana amended act Of interpolation 9t sad
company passed before SAID Notary I,,i3l
bIpsS, On August S-A, lg'7, and T1ty y0.1
-S-S' respectively, and It'd; at ~a.l general
meeting Nv" hundred and tg-;y-..ue "a,
SHdivs be'ns more thIn Three .,a-tt~ Of the
'o'dI capital stock ISSUED by SAID slrp.ra-
non $50 saaresJ beng present :. was IN
a"lm'IsIy voted upon, decided a.d agreed
L. by The STOCKHOLDERS Of sand company pres
eu' ana Voting that Article Far d The ori-
SAID company should De 50 changed. altered
~ amended a. sa hereafter read AMI. be a.,
follows, t-Nl.:
'N\! ], II IN.-Ihe auth .-.zcI capital
SION coy rms corporation Is hereby declared
I, De .Hr sum Of One Hundred Thousand
p'..ars, which shall be represented by Two
.."'>'a "t >.ocN-Ireicrrei and Common
N,og'. F such authorized capital SIX Han
ICED 600 shares Of the pa- v4rg. If One
/ hundred Dollars $1,000 per ,hare asg-cgat-
Ing >r.'H.' shall .e Common Stock. and
j .HE i'Aa4red 600 share, u; tre pa- value
~ 'hv Hundred Dollars Ie~ share aggrc-
~t'"S >+i'u' shall hc Preferred Stock
/ IAc n2l;s, prcrosattvc, and privilege, nj
/ ..' ,.'..r,S ot SAID Preferred and Common
/ 500" snail Zee As follows.
a. Inc authorized capital stock Of this
! g'fr. ration may Ice ISSUED a, s-y ..--4 ,yit5.
/ I'D The Hn:. by the Board # Directors. for
-" "T ln exchange for p~uprr.y labor ar
+ ''Acr considerations ot value and anon the
llo.l.li'"N which ;he Board II directors may
1 "e'tfmng.
- The holders Of SAID Preferred Stock
saaI Pc entitled 20 receive when :, de-
/ ,-'ivd' II"W the surplus or mex profits Of tI,
/ N1I"'A'l'il' yearly dividends II $50 pcr
share payable annually or on ,lcI tc-nIs a0i
conditions. and On such date, IS nav L,
. HNed by the bylaws OF the corporation. pra-
/ F!ded mat the said board may If il SO de-
SiTeS' make the dividends on the Preferred
/ STOCK monthly quarterly dividend i,
stead Of annual dividends: The said diyi-
bends shall! be cumulative and shall be pay-
ao'e before any dividcadS of the Common
H'oCN snail be pad or set aside for said
I Common stock Whenever all cumulative
dividends ON the Preferred Stock for ali
previous years shall have been declared and
/ become payable, and the accrued dividends for
me current year shall have been declared
/ and the corporation shall have paid such
! cumulative dividends for previous wears and
S,uch accrued annual or quarterly or monthly
a.ylqendS' or shall have set apart from It's
surplus or net profits a sum sufficient ~
the payment thereof. the Board Of Directors
/ may declare dividends the Common Stock.
. payable then or thereafter out Of any re.
/ naming surplus or net profits; and further
should there be any remaining surplus or
. net profit after the above mentioned diyi-
bends are paid or declared and set apart
inc Board Of Directors may. al their discre
non: declare dividends equally between the
Ireterred and Common Stock
90 In the event of liquidation or disso-
luton. or winding up Of the corporation.
whether voluntary or involuntary, or a dis.
trlDuilon OF the assets Of the corporation.
or any payment thereof by way Of return of
capital, the holders of the Preferred Stock
shall be entitled to be paid in full the
principal amount and the unpaid dividends
accrued thereon before any amount shall be
paid to the holders OF the common stock:
and after the payment TO the holders of the
preferred stock at its par value and unpaid
accrued dividends thereon, the remaining
assets shall be paid to the holders of com,
mon stock, according TO their resDectiye hold
ings.
a. The holders Of Common Stock alone
, shall be entitled TO vote at all meetings OF
, the stockholders of this corporation. one
vote for each share thereof standing in tho