The herald., 1919-07-03
AMENDMENT TO THE CHARTER OF
WESTERN NAVAL STORES CO.

United States OF America, State OF Louis
lana, Parish OF Orleans, City OF New Or
leans. BE it known, that on this 18th day
OF the month OF june IN the year OF our
Lord, one thousand, nine hundred and nine
teen, and of the independence of the United
States OF America, the hundred and
forty third; before me, W. Morgan GuIley a
Notary Public, duly commissioned and quail
tied in and for the Parish Of Orleans. City
OF New Orleans therein residing, and in the
presence OF the witnesses hereinafter named
and undersigned; personally came and ap
peared, MI. John A. Taylor, resident OF
rotary OF the Western Naval Stores Com
pany, corporation organized under the
laws OF this State, and domiciled in tins
City, created by act of Incorporation passed
before me, the undersigned Notary on Au-
gust p, 1907, and recorded in the Mortgage
office OF this Parish in Book No. SSl, Folio
No. $50; which said corporation was orga-
nized with a capital stock of fifty thousand
dollars tSo0OD0UU; that by a resolution of
the Stockholders legally called aud held De
cember 20, 1910, said capital stock was in
, creased to One Hundred Thousand Dollars
| (SlDODU) as shown by certificate of the
/ Secretary OF State, dated January Il, 1911.
and attached TO act Of Amendment dated
February Il, 1917 in my notaria records
that, by subsequent resolution OF the stock
holders of the Western Naval Stores Com
pany legally held March 81. 1914, the capital
stock OF said corporation was increased from
One Hundred Thousand Dollars ($lOOOOOOOl
TO One Hundred and Forty Thousand Dollars
($l4oOWOO as evidenced by the certificate
OF the Secretary of State, dated April II,
1914, and attached TO an Act OF Amendment
of said Western Naval Stores Company
dated February u, 1917, in my Notarial rec
ords; that by subsequent resolution OF The
Stockholders OF the Western Naval Stores
Company legally held February 8, 1917 the
capital stock OF said corporation was in
creased from One Hundred and Forty Thou
sand Dollars C$l4OOmOO to Five Hundred
Thousand Dollars. ($5O0000.O0 evidenced
by notarial act OF Amendment TO said char.
ter of Western Naval Stores Company. pass.
ed before me, the undersigned Notary on
February Il, 1917 that by subsequent reso.
luton Of the stockholders of the Western
/ Naval Stores Company legally held April !.
1913, the capital stock of said corporation
was increased from Five Hundred Thousand
/ Dollars (S5O,0OOOO) to One Million. Oue
Hundred Thousand Dollars ($1IO0OOOOO) as
evidenced by Notarial Act OF Amendment
to said charter of Western Naval Stores
Company passed before NE, the undersi gned
Notary, on June "a, 1918;
That said corporation now has a capital
stock of One Million, One Hundred Thou
sand Dollars tSl,lO0oo0.oD divided into
eleven thousand Ql0OO shares of One Hun
dred Dollars (Sl0O) each, and said appearel
further declares, that meeting of the stock
holders of the Western Naval Stores Company
was held at the office OF said corporation il
this City, after due notice being sent L
each stakeholder in conformity with tht
Charter of said corporation and the laws o
TINS State. That said meeting was helC
at the office of the said corporation on MAY
IA, 1919, in conformity with said call.
That there was present and represented a
said meeting the entire issue of stock o
SAID corporation, viz: Eleven thousand III,
OOO) shares who took part in and voted
said meeting and that said stakeholder
adopted resolution to change, alter an,
amend Article ", of the Charter of sait
corporation, so as to increase the capital stool
OF said corporation by addition of ST,
: Hundred thousand dollars (S6OO0O0.OO, to b.
divided into six thousand 5000 shares pa
value of $1,000 each; thus making a tota
capital stock OF this corporation of One Nil
lion, Seven Hundred Thousand Dollars Isl,
7OOO0.00 the increased amount thereof, viz
Six Hundred Thousand Dollars, ($6OOOO0OO
to be an issue of preferred stock entitled 4
dividends of eight per cent. (S96) per annun
accumulating from the date of issue. TIL
dividend shall be cumulative and no diyi
dend shall be declared or paid on any o
the common stock until the unpaid dividend
OF the preferred stock shall have been full,
paid. The preferred stock shall also be en-
titled in case of liquidation or dissolution
of the company, after the payments of all o
its debts, to the payment in full of the pa
amount thereof and the unpaid dividend
thereon, before any amount shall be paid t
the stockholders of the common stock an,
after the payment OF such par and dividen,
to the holders of preferred stock all remain
ing assets shall be paid to or distribute,
among the holders of such common stock
all as will more fully appear by ce-tifie,
copy OF the resolution referred to which i
hereto attached and made part hereof an,
which reads as follows. to-wit:
"New Orleans, La, May 14th. 1919
A meeting of the stockholders of the West
ern Naval Stores Company was held at it
office in the Canal Bank Building New Or