The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
CHAR TER.

and moreover a,.ns aaac- and gy ,.rrtre III.
"a resolution adopted 81 81 general meeting
II the stockholders u said ....l-.,.... held
at their office ia the ,i-y NJ [, ILL.,.
'l The third day 81 Aprli, ..!g. D. .-.- r.r,.
Hcl ,uvy OF whlcI. ,a.d .es..at.,. T., .gr,,,
annexed and made part Ac.--, ..s sr.,r.
en-e.
Na.,a sad arpra:crs seyerlIy debated f1
..g.r sad respective cagael-e, ...- after
.-l iuC legal notice required p, .., n -r-l.
craI meeting ot the -tllAau.I.-, Il ,aIf ...r
Pt,.aH"a Ms convened and .e.I e.. .ae.-
Office go tEis city. OH the fr,-l d., .. Az
modifying. ,I.,t,rt .r - "l'.' '''
ma. l. and amended ast Of iu,,rparl..,a vt .GI
, any passed before said y ;ary. Josiah
I"ro w.. .N"N,s' e'., ~ and July 10Th,
-1eet,r., r,.. J,y, ,Aq ta"i at sad genera.
- W. hundred md i.sty--'u- ga,
20 ost"s more 'aaa Iagce ,.Irias OF tle
Oh CAFtal stock ISSUED gy SAID corpora
,''.' W. sa4,cs) oei7s present II was Iu-
+, F., .bS .' ',''n GP-n' aeeGc1 and sgrcei
~. .i'' ',o.n'5!d,is % sad company pres
49,, ''" ''.'S 'i"t .N'NN.c Inag %. sac orr
""" 1"'td'G act Of Incorporation Of
''- ''."F'hl N"'HIi be SD changed. altered
iou@.s t.'.,,.. 10 -''''a'''' .c.l ""a be as
~ /, - IN.-lhe authorized capita,
100 VI ms corporation Is hereby declared
~ '.'' -1N "i One Hundred Ilpuslu.
Ia ''i st"I De represented by tao
10. N.Nch-lrtierrcd and Common
- ~ >Ach authorized capital. SIX Hun
II ",' S,"itN pi the pdc value Df Ono
'td poiiars $4,000 per shar. aggregaf-
II'h 7If"GU' snail be Common Stock and
! .-I ll"lIrcI ,+uol shares 81 the par yallr
- '"' hundred Dollars Pc share agyrc-
S71'''e 27''"oU sA"il be Preferred Stock
tI' I'El.'' pTeT'Edlyes and privileges Of
ST. L,rI ~ SAD Preferred and Common
/ >totA shall be as follows:
w Inc authorized capital stock Of this
s'I', NO" may he issued At any time with.
49, ,'' NUM- ny the Board Of Directors tor
olbn- ' r IN exchange tor property, labor or
80 N'hsiucFdilouN OF value and upon the
G2,'u... ,Hs "Aica ihe Board OF directors NAV
ue's' nine
~ The holders Of said prefe--si St.,r-
shall be entitled TO receive wien :, Sn
ciaTed, from the surplus or net profits of tbe
Cooperation, yearly dividends ~ Ss ~ ~.
share payable annually or on s,rb te-,Is ~ ~
conditions, and on such dates as r,,,, Ii
fixed by the bylaws of the cornor,,;a1y - ue
Vided that the said board may. if il So de
slres, make the dividends on the prefsrrl
Stock monthly or Quarterly dividand j.;
stead of annual dividends: the sd AZ
bends shall be cumulative and shall be nav
Stock shall be paid or 60, ,si tIe 90 COMMON 3'
Common Stock. Whenever ali crmlI,,9,,a
| dividends on the Preferred Stock for al
previous years shall have been declared and
become payable, and the accrued dividends for
| the current year shall have beer dsrI,red
and the corporation shall have naiJ s,,cS
cumulative dividends for previous wears and
such accrued annual or onarterly ~ AZ, I,u
dividends, or shall have set -, So ~;
surplus or net profits a sum sufficient for
/ the payment thereof the Board of Directors
| may declare dividends on the Corrnop Sol.
payable then thereafter out of anv re-
naming surplus net profits: and fnrtbe,
should there be any remaining surplus or
net profit after the above mentioned divi.
bends are paid or declared and SET anart
the Board Of Directors NAV, at their disrre
ton: declare dividends equally between the
Preferred and Common Stock
90 In the event of a liquidation or disso
luton, or winding up of the cornorat;on
whether voluntary or involuntary. or as
trlbution 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 he
,, paid to the holders of the common stock;
preferred stock at its par value and unnaid
, accrued dividends thereon. the remainino
assets shall be paid TO the holders Of com
mon stock according TO their resnective hold
, ings. '
a. The holders Of Common s,ocL ,to,.
! shall be entitled to vote at all meet;pgs ~
the stockholders of this co-noTat;on' on
7 vote for each share thereof stand;ng N IN.
name of such stockhoIdrr an tbn - ' nI
the corporation all in accordance with IN,
provisions of the bylaws IN he berein &C.,
D adopted by the Board of Directnrs Tn
, holders of the Preferred Stock shall M, a.
entitled to vote. ~
D 90 The said corporation shall have the
right after five wears from the H. os s
certificate of Preferred Stock TO retire N,
same al $4,000 per share plus one per cen,
per share per annum premium Mus accun,,.
lated dividends, provided. however that N,
one per cent per annum premium shall NO,
be paid in the event that more than .iob,
! per cent (So5) per annum is Maid Preferr.d
Stock dividends. And should sucb retire
ment be decided upon or claimed nv the CO...
poration as above provided, the cer,;f;cste
to be retired will be drawn bv lot in the
order of their dates in accordance with srch
rectors may fix from time 10 time in The
Bylaws of this Corporat;on '"N
Co That all of said can;t,I s,ool rb.t,
be issued as fully paid and non.assrsssbia
and shall be personal propertv No tran.'
fer of stock shall be binding ON This corno.
ration unless in accordance with ,b;s ch.r,s,
and the Bylaws thereof and rnIess 5000
on the books thereof Stockboldrrs sbaIi he
required to offer their stock :, ,h;s CO..
poration, for sale first TO the cornorat;o, and
the latter shall have tb;rtv d,rs .,;tS; - a,.S
to purchase the same. an it's boot ,,al,,s Co.
cash, or reject same and .ny s,1. raJ.
without such option shall he invalid snd
no pledge of stock shall he b;nd;no mo, tbe
Corporation. The Road Of D;rae,ors shaii
have power to accent pronertv of snv ,s,,,rs
for the corporation: 10 antbor;ze tbs s;gn;r |.
Of deeds: shall receive subsrrint;ons. sb,i1
issue stock; shall issue increas. 81 s,ocL
shall be required first 10 offer the stork N
stockholders in the proportion of their hold.
ings.