The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-02
CHARTER.

special reserve fund, out of the net
profits of the company remaining after
| all accrued dividends upon the preferred
stock shall have been paid an amount
equal to at least eleven thousand ($l1,-
O0000l dollars. for the purposes herein
after provided. If on or before July LIST.
| 1921. and each year thereafter. any pre-
fprred stakeholder desiring to receive cash
for his stock. shall have sent in a bid di-
rected to the Registrar of the stock of the
company, stating the least he will take
for said preferred stock. which shall not
be more than one hundred ten (Sl10.OO
dollars per share, II shall be the duty Of
the Registrar to allOt. so far as in his
power lies, TO the lowest bidder. so much
of the eleven thousand (Sll.OOOO0l dollars
reserved on the date aforesaid. as his bid
shall call for. and if his bid shall not
equal the eleven thousand (Sll0O0. OOD
dollars reserved on the date aforesaid. and
if the amount of his stock does not call
for the eleven thousand (Sll.OOO.OOD dol
lars in toto, the next lowest bidder shall
receive out of said funds his quota. and
the next lowest bidder. his quota. until
the entire eleven thousand (SllOOO.OO) dol
lars shall have been absorbed in this man
nCr. In case two or more competitive cash
bids shall be- for a like sum. the amount
of the eleven thousand (Sll 100000 dollars
or such surplus aS remains shall be- di-
vided equally between the two or more
competitive bidders; or if this cannot be
conveniently done. the RcgiStrar shall
have the right to decide by lot which Of
the competitive bidders shall receive pay
mpnt for their stock out of said special
fund. The said reserve fund Of eleven
thousand ISL .0O0OO) dollars shall be de
posted by the company ten days previous
TO July LIST. 1921. and each year thereafter
with the right &c the holders of the pre-
ferrcd stock to bid therefor so long as
there is any preferred stock outSt. nding
If the fund so deposited is not fully alb
sOrbed by bids of preferred stockholders
in any year. the amount not absorbed may
Toe withdrawn by the company after July
LIST OF each wear.
And said appearer further declared that
he is authorized. empowered and directed
To make and execute all acts necessary to
carry out and effect the said amendment:
tary, in order to make proper notarial
record Of said amendment and to have
same recorded aS required by law.
All Of which will more fully appear by
reference To q certified copy of the minutes
of the said stockholders meeting. attached
for reference TO this act of amendment.
Thus done and passed. in my Office" at
the City Of New Orleans, state of Louis
lana. on the day. month and year herein
first above written. and in the presence
of Morris Il. Redmann and Paul +. ChaS"Z,
competent witnesses, who have hereuntO
signed their names. together with the said
appearer and me, Notary, after due read
ing of the whole.
Original signedD Lucas +. Moore
Witnesses: Morris Il. Rcdmann, Paul f.
ShaseZ.
WILLIAM J. GUSTE.
(SealD Notary Public.
| hereby certify that the above and fore
going is "A true and correct copy of the
original on file in the records of my office
at New Orleans, LouiSiana: ,,,.,..,,,
(ScalD Notary Public.
Sept. 2-Oct. 4.