The herald., 1919-06-05

United States of America, State of Louis
lana, Parish of Orleans, City OF New Or
leans. Be it known that this 10Th day
of the month of May, 1919, before me, Henry
G. Bloch, Notary Public, duly commissioned
and sworn in and for the Parish OF Orleans,
City of New Orleans, therein residing, per
sonally 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 ap-
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
Henry G. Bloch, Notary Public on April
! 18th, 1919 recorded MOB 1921, Folio 81. held
a meeting of the stockholders of said cor
poraton on the 10Th day of April 1919, that
| the entire amount of the outstanding capital
stock to-wit: Two thousand four hundred
and fifteen shares, were present IN person
or by proxy and that 1t was UNANIMOUSLY
resolved to amend Article and of the
charter, so as TO provide that the voting
power of the stockholders of said corporation
| shall be placed exclusively in the holders
of the common stock.
said amendment of Articles and 6 of said
charter was made and adopted by the unani,
nous vote as will appear from the annexed
certified extract from the minutes OF me
meeting of the stockholders Of said corpora,
ton setting forth the proceedings had and
the action taken at said meeting.
| And the said appearers further declared as
will appear from the annexed certified MN
utes Of the stockholders meeting that Ar
| tice and of the charter of the West Or
leans Land Co., Inc, were amended SO as
TO read as follows:
| ARTICLE III.-The capital stock Of this
corporation is hereby fixed at Two Hundred
Forty-one Thousand Five Hundred and
| NoTlOO (S24l, 10000 Dollars, divided into and
represented by two thousand four hundred
fifteen (2415 shares Of the par value OF
One Hundred and No 200 (slOOOO Dollars
each; said capital stock may be paid for in
money. property or services made over or
rendered to the company. All shares of
stock shall not be binding on the corporation
until recorded on its books. Said capital
stock shares consists of two separate and
distinct classes, one thereof to be known as
preferred stock and the other as common
stock.
PREFERRED STOCK.-The amount of the
said preferred stock shall be the sum of
Forty-one Thousand Five Hundred and No/
100 (S4l, 10000 Dollars, divided into and rep
resented by Four Hundred Fifteen C4l0
shares of the par value aforesaid. The
holders of said preferred stock, long as
titled to dividends in each and every year
at the rate of seven per cent 09e) per an.
mum, payable the first day of April OF
each year, said dividends shall be cumula
tive upon the first day of April, 1919, and
limited TO seven per cent 18o) per annum
In the event of any liquidation or dissolu-
ton of the corporation, the holders of the
preferred stock shall be paid in full the par
value of their shares with all accrued divi-
dends and after payment to the stockholders
of the preferred stock of its par value, with
all such accrued dividend, the remaining
assets and funds shall be distributed among
the holders of the common stock. The said
preferred stock is issued under and subject
to the following conditions stipulations and
instructions, to-wt: That the company
must on the first day of April in each year,
after paying the dividends that are due or
accrued upon the preferred stock, use all of
the net profits of the business not neces-
sary to the conducting of said business. to
pay and retire such of the preferred stock
as the Board of Directors may determine,
the said preferred stock to be retired at its
par, together with such cumulative dividends
as may be due thereon The preferred stock
of this company shall alone be entitled to divi-
ferred stock shall be outstanding The
preferred stock of this company shall not be
entitled to the power of voting upon any ques-
ton that may come before a stockholders
meeting, but the voting power is given ex-
clusively to holders of the common stock
COMMON STOCK.-The common stock of
this corporation is hereby fixed at Two Hun
dred Thousand and no 400 S2000O0.0O Dol
Thousand 5000 shares of the par value
aforesaid The holders of said common
stock shall not be entitled to receive any
dividends thereon until all of the said pre-
ferred stock has been paid and retired
/. AS as all the said preferred stock
shall have been retired the common stock
shall constitute the capital stock of said cor
poraton and shall have full control of its
lzff l. Al IT - e.
and advantages of the holders of stock in
any corporation. The stock out
standing shall have the exclusive voting
power all questions before stockholders
meetings
ARTICLE VI-All corporate powers of
this corporation shall be vested in and ex-
ercised by Board of not less than three (3)
nor more than five 50 Directors. Until
tors, the said Board shall consist of three
90 members, a majority of whom shall con-
stitute quorum for the transaction of all
business.
the first legal Monday in April. The first
election under the charter shall be held in
1920, until which date, the following shall
constitute the first Board of Directors, to-
Orleans. La, A.: S. Chenet, 43l6 So. Clai-
borne St, New Orleans, La; d. w. Harrell,
925 Nashville Ave. New Orleans, La, who
shall hold their office until their successors
, nave DeCH eicCtcu anu nave Qudf1leQ. Inc
said Board of Directors shall elect from
their number a President, a ViceJPresident,
and a Secretary Treasurer. The latter Of
flee may be held by two persons, and the
Secretary need not be member of the
Board of Directors. Such election shall be
held at the first meeting of said Board fol-
lowing their own election. Until their sue
cessors have been elected in 1920, the said
James Kicker shall be President, the said A.
S. Chenet shall be Vice-President and d.
w. Harrell shall be Secretary Treasurer.
All elections shall be by ballot and a ma
jority Of the votes cast shall be necessary
to elect or to- decide any question:; each
stakeholder shall be entitled to vote
for each share of common stock standing in
his name, on the books of the company, and
such vote may be cast in person, by proxy
or as provided in Section II of Act No. 267
of 1914 Said Board of Directors shall pro-
vide. by resolution for the manner and form
of giving notices of election, meetings, etc,
both of the stockholders and the Board it
self Said Board shall also make such by
laws, rules and regulations as may be neces-
sary to properly carry out and exercise the
duties, powers and privileges of this corpo-
ration, wherein provided for, including the
issue, registration and certfication of its
capital stock, the manner and method of
voting or exercising the stock in other cor
porations and the interest in partnerships
and firms. and shall generally have and en-
Joy all rights, privileges and powers allow
ed or usually exercised by Boards of Di-
lrectors under the laws of this state.
Thus done and passed in my office in the
City of New Orleans on the day. month and