The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
CHARTER.


gust S;a, l1!', @"endea ny a",'"S: ~ r'Ss
ed before the same Notary dated Jnty l'.h
/ lylS; the sad @pPeaFe5s he'uH "'lnS ~
! their SAID respective Car'c'Ae, i2i d"d II
! the name, and on behalf OF SAID corporation
and moreover acting under and by VIVA" Ok
/ resolution adopted IL general htr--.s
/ 81 The stockholders oi sa'd c'Ep'Fauoa ned
/ at their Office III me ttty nI New ,''.e""s'
/ on the thiFd day o. April ~ " u'.g ttit-
! Hei copy OF Wh''4 sara resolution is --'c'2
| annexed and made part hereof, ipt refer
ence.
/ NHcA ea.d appedTcrS srVeTdltE declared II
Z ,ae'r sad respective Idpacues' that after
me que 'eS'' notice required ny "a" gen
. eral meeting Of the stockholders of said ,r-
/ P.Ldu'n ".a convened ana Ac'd IL .Ac.E
office in this city, ON the third day oi April,
lyl2, for the purpose of voting upon ,ae
modify lAs' altering and amending tie org
nal and amended act Of Incorporation Of sad
company passed before sad Notary, Josiah
Hf3sS' on August Sta, lyiI. and July lo-I.
4'IS' Respectively and that at sand general
meeting Two hundred and t"sly-Hlac t2+1
shares beng more than II'ec-tuIrths Of the
.e."' CaPtaI stock issued by SAID CORPORA
non ''O" snare he'ns present II was aa,
aTm'us.y voted upon. decided and agreed
, To- 10y the STOCKHOLDERS of sad company pres
, en- and voting mat Article -Four II the orr
S'"4l and amended act Of Incorporation Of
= >a'd company should be- So changed. altered
e ~ amended a. Z" hereafter read and be as
,- io..gMS. to-wli:
e All II IL N.-ihc authorized capital
st'Sh ot tins c'rwta'on i, hereby declared
n.
Dollars, which shall be represented by two
classes Of SiocA-Irctcircd and Common
St"LN Oh such authorized capital. SIX Hun
= dTed it''D shares Of the par value IF One
% 800; s.a,.n,.'" ,Ss'"T''' per snare dEkIesa'.
,r ing $"l'rub shall he Common Stock, a1d
ne f"ur hundred 'I") shares OF the par value
e OF pne Hundred Dollars per share agEre-
r. EaA"g $4,000" shall be Preferred Stock.
Inc FlEl'N. rreroEativcs and privileges OF
the holders Of said Preferred and Common
in S'ock Sl4" he as follows:
he F|.~f 81 Il -
corporation may be issued at any time with
in' the Hmit by the BOARD Of Directors. for
Sash or IN exchange Tor property, labor. or
other considerations OF value and upon the
- conditions which the Board Of directors may
T. determine.
~ The holders OF said Preferred Stock
is shall be entitled to receive when so de
clared. from the surplus or net profits Of the
corporation, yearly dividends Of $500 per
ng share payable annually or on such terms and
), Sondi,'iions, and on such dates as may be
he ilXed by the bylaws of the corporation, pro-
on v!ded that the said board may, if il SO de-
ch slres, make the dividends on the Preferred
en- stock a monthly or quarterly dividend in
Ter stead OF annual dividends; the said divi-
an dends shall be cumulative. and shall be pay
the able before any dividends of the Common
the STOCK shall be paid or set aside for said
md Common Stock Whenever all cumulative
md dividends on the Preferred Stock for all
ich previous years shall have been declared and
ere become payable, and the accrued dividends for
ote the current year shall have been declared
,ck, ana the corporation shall have paid such
cumulative dividends for previous years ant
and such accrued annual or quarterly or monthly
on. dividends or shall have set apart from ~
hat surplus or net profits sum sufficient 70
,hts Inc payment thereof. the Board OF Director
bv may declare dividends on the Common Stock
r PayaoIe then or thereafter out OF any re
iay. naming surplus or net profits; and turtle
and should there he any remaining surplus
md net profit after the above mentioned div
reak bends are paid or declared and set apar
live me BOARD OF Directors may at their discr'
cate non declare dividends equally between II
son frcierred and Common Stock:
liga- 20 In the event OF a liquidation or diss
lent luton or winding up OF the corpoTauo
nan w .-a voluntary or involuntary, or d
such trlbuton OF the assets OF the corporatio
,eni. or any payment thereof by way of return
d to capital; the holders OF the Preferred Stoc
avs snail be entitled to be paid IN tuil II
man principal amount and the unpaid DIVIDEND
the accrued thereon before any amount shall
and paid 70 the holders or the common Stoci
and after the payment to the holders OF Il
. o., preferred stock its par value and unpa
SEiie accrued dividends thereon, the remainir
-; assets snalI ne pald to the holders OF cor
mon stock, according to their respective hol
~. bn ings.
~ az Inc holders OF Common Stock aIo'
ooti shall he entitled to vote at all meetings
the the stockholders OF this corporation. ~
I vote 1or each snare Thereon standing IN a.
law name of such stakeholder on the books
yerttH the corporation, all IN accordance with 4
u - provisions OF the bylaws to be herelnatt
$ 10 adopted by the Board of Directors. T
- holders OF Inc PREFERRED Stock snail not
~ entltied 10 vote.
III 10 % The SAID corporation shall have t
SuiIe' right after tive years from the date OF a
PdsHf certItlcate OF Preferred Stock to retire
y Ui | same at SlOOUO per share plus one per &C
sen per share per annum premium, plus accun
lou, lated dividends. provided, however, that
read, one per cent per annum premium shall
1000 be paid in the event that more than Ell
olnei per cent tSFo) per annum is paid Prefer
and Stock dividends. And should such reti
9lneSS S ment be decided upon or claimed by the c
leetea poration as above provided. the cerutic
N. to he retired will be drawn by lot in
apltal order OF their dates in accordance with s.
no Is rules and regulations as the Board OF
thou, rectors may TX from time to time IN
usaha By Laws OF this Corporation.
y doi- (6) That all OF said capital stock 81
cash be issued as fully paid and non-assessai
gwen and shall be personal property. No ira
IT ser, fer of stock shall be binding on this COZ
shali ration unless in accordance with this cha
trans and the bylaws thereof, and unless reeor
$ cor on the books thereof Stockholders shall
,d an required 10 otier their STOCK IN tnis
d by poration, for sale first to the corporation
" the the latter shall have thirty days within wi
e des- to purchase the same, at its book value
cash, or reject same and any sale m
e cor without such option shall be invalid,
: vest. no pledge of stock shall be binding upon
troll OF Corporation. The Board of Directors S