The herald., 1919-06-19


lana, Parish of Orleans, City OF New Or- |
leans Be it known, that on this ION day
of the month of May, 1919, before me, Henry
G. Bloch, Notary Pubiic duly confIn Gs,o
and sworn in and for the Parish OF Orleans /
Civ of New Orleans therein residing per
sonally came and appeared James Kicker
and D. w. Harrell, both residents OF the
CITY of New Orleans, Louisiana, President
and Secretary, respectively OF the west Or
| leans Land Co., Inc, acting as committee
appointed by the stockholders at the meeting
| held April 26, 1919, and authorized to a?-
pear before a Notary and put the amend
ment to the charter of the West Orleans
Land Co. Inc, adopted at said meeting OF
stockholders in the form required by law.
And the said appearers declared that
whereas the West Orleans Land Co. Inc, a
corporation organized under the laws of this
state and domiciled in the City OF New Or,
leans, Louisiana, by act passed before
Henry G. Bloch, Notary Public. on April
18th, 1919, recorded MOB 1921, Folio 81. held
a meeting of the stockholders Of said cor,
poration on the 10Th day of April, 1919, that
the entire amount Of the outstanding capitai
stock to-wit: Two thousand four hundred
and fifteen shares, were present IN person
or by proxy and that it was unanimously
resolved to amend Article 3 and OF the
charter, so as to provide that the voting
mower of the stockholders of said corporation
shall be placed exclusively IN the, i'''ue'
The said appearers further declared that
said amendment of Articles 3 and of said
charter was made and adopted by, the imam,
nous vote as will appear from the annexed
! certified extract from the minutes OF the
meeting of the stockholders OF said corpora,
,ion setting forth the proceedings had ana
the action taken at said meeting,
t, And the said appearers further declared as
,;lI annear from the annexed certified min
utes Of the stockholders meeting that Rr-
ticle 3 and of the charter OF the west VI
leans Land Co., Inc, were amended SO as
to read as follows
al
corporation is hereby fixed at Two Hundred
Fortv-one Thousand Five Hundred and
M GOO (s24l 10000 Dollars, divided into and
represented by two thousand four hundrei q
One Hundred and No. 400 $4,000 Dollars
each; said capital stock may be paid for IN
money, property or services mace over ot
rendered to the company. All snares OF
stock shall not be binding on the corporation
n until recorded on its books. SAID capita,
S stock shares consists of two separate and
: distinct classes one thereof to be known as
S preferred stock and the other as common
a stock
:, PREFERRED SToCK-The amount of the
e said preferred stock shall be the sum o.
n Forty-one Thousand Five Hundred and Noj
II 100 is4l, 10000 Dollars, divided into and rep
n n resented by. Four Hundred Fifteen ( TS,
Il holders of said preferred stock, as long a
n The same shall be outstanding, shall be en-
Z titled to dividends in each and every yea
= at the rate of seven per cent we per an u
I, num- PAYABLE on the first day OF April o
IL each year, said dividends shall be cumuia
'e tive upon the first day of April, 1919, an
s. limited to seven per cent ITo) per annun
81 In the event Of any liquidation OF dlssoiu
Or ton of the corporation, the holders OF tn
lie preferred stock shall be paid in full the pa
value of their shares with all accrued div
Id dends and after payment to the stoeknoloeI
~ of the preferred stock of its par value, wit
Us all such accrued dividend. the remainin
assets and funds shall be distributed, anon
a the holders of the common stock. The sai
n preferred stock is issued under and suoJe'
to the following conditions. stipulations an
b. instructions, to-wit; That the compan
ne mast on the first day of April in each yea
H. after paying the dividends that are due
h ho accrued upon the preferred stock, use all
io the net profits of the business not niece
o. sary to the conducting of said business.
+, pay and retire such Of the preferred stoc
w. as the Board of Directors may determin
h., the said preferred stock to be retired at i
py par, together with such cumulative dividend
W as may be due thereon. The preferred stoc
of this company shall alone be entitled to div
dends so long as any portion of the said pr
ferred stock shall be outstanding: II
IS, preferred stock of this company shall not !
OF entitled to the power of voting upon any cue
he meeting, but the voting power is given e:
C, clusively to holders of the common stock:
ok COMMON STOCK.-The common stock
this corporation is hereby fixed at Two HUI
X. lars divided into and represented by Nv
Thousand (1OoO shares of the par walt
aforesaid The holders of said commc
stock shall not be entitled to receive ar
dividends thereon until all of the said pr
- ferred stock has been paid and retired.
Ell AS soon as all the said preferred sto
shall have been retired the common sto
shall constitute the capital stock OF said c:
affairs and be entitled to all the benefi
:, and advantages of the holie1s OF stock
Is. any corporation. The common stock OF
Io,, standing shall have the exclusive voti
10y power on all questions before stockholde
ne, ARTICLE Wall corporate powers
&C.. tn this corporation shall be vested in and {
NJ ercised by a Board of not less than three
nf otherwise provided by the Board of Dir
Vi tors, the said Board shall consist of thu
"a 90 members, a majority of whom shall CO
. ~ stitute a quorum for the transaction OF
ii business.
Said Board shall be elected annually.
o. the first legal Monday in April. The fl
;on election under the charter shall be held
a a 1920, until which date, the following sh
M III. wit: James Kicker. 1858 Lapage Street n
ana ana Orleans La, A. S. Chenet, 1910 So: Ct
aIv borne ST., New Orleans, La; D. w. Harr
ort. 92s Nashville Ave.. New Orleans, La, v
: ;nt. have been elected and have qualified.
ie - said Board of Directors shall elect Fl
u. their number a President, Nice|Preside
,eeiy and a Secretary Treasurer. The latter
'.: flee may be held by two persons, and
.l .t Secretary need not be a member of
90 Board of Directors. Such election shall
ny held at the first meeting Of said Board
~ lowing their own election. Until their s
M cessors have been so elected in 1920, the $
- lanes Kicker shall be President, the said
.he s. Chenet shall be Vice-Presdent and
IN. ~. w. Harrell shall be Secretary Treasurer
eoi All elections shall be by ballot and a
- iority of the votes cast shall be necess
au to elect or to decide any question; e
~; stockholder shall be entitled to one '
'sSr Cor each share of common stock standing
~. ~ his name, on the books of the company,
~ such vote may be cast in person, by pr
hi or as provided in Section II OF Act NO.
.aS of 1914 Said Board Of Directors shall
80 vide. by resolution, for the manner and 4
.nd of giving notices of election, meetings. I
90 both of the stockholders and the Board
A. self Said Board shall also make such
~. laws, rules and regulations as may be ne
,rs. sary to properly carry out and exercise
:: duties. powers and privileges OF this CO..
s,,d ration, wherein provided for, including
bou issue registration and certification OF
~. capital stock, the manner and method
\. voting or exercising the stock in other
f;ftv porations and the interest in partners
~. and firms. and shall generally have and
. n low all rights, privileges and powers al
~. ed or usually exercised by Boards OF
rectors under the laws of this state.
.aI Thus done and passed in my office in
ard City OF new Orieans =" uS I, the r
y n aaI Il