The herald., 1920-09-16
AMENDMENT OF CHARTER OF AZ
TOMOTINE ROAD ISSUR
ANCE, INC"

United States of America. State of Lou
isiaRa Parish of Orleans, City OF New Or
leans. BE il known, That on this. the
fourth day of the month of August, in the
wear of our Lord, one thousand, nine hun
bred and twenty (l92O), before me. Ethel
red Macaulay Stafford, Notary Public,
duly commissioned and qualified in and
for the State and Parish aforesaid, per
sonally came and appeared. r. W. Cal
ongne, President; Richard {. Fitzgerald,
Vice President, and Ben Campagna. Secre-
tary- Treasurer of the "AutomotlNe ROAD
Insurance Company" a corporation or
ganized under the laws OF the state or
Louisiana. dOmiciled in the city of New
Orleans, as per act OF incorporation OF
said company. passed before Ethelreu
Macaulay Stafford, undersigned Notary,
on the 10Th day of May, 1920 and record
ed in Mortgage Office of the PARISH OF
Orleans May 31st, 1920, in Book l246
Folio 50, appearing herein by virtue OF ana
pursuant TO a resolution passed by meet
ins, of stockholders of the said cOrpOr-
alton held in the City Of New Orleans. on
the 4th day of August. 1910, who, In thelr
said capacities, and in order TO carry into
effect the amendment IF charter OF the
said CORPORATION, voted for and passed and
amended at a stock holders meeting on
said August 4th, 1920, being amendment
TO Article of the charter of said corpor-
alton, and to make full pfoot thereol by
notarial act. declared:
That Article of the charter and act
of incorporation of the Automotive Road
Insurance, Inc, corporation orSanizeu
under the laws of Louisiana before hthel'
| red Macaulay Stafford, Notary Public,
| Nav %. 1914. and recorded May 81, lS2O
| in Mortgage Office Book l246, Folio %, oil
! the Parish of Orleans. has been and Is
| now amended so as to read and does read
ARTICLE y.-"The capital stock of this
| CORPORATION shall be sixteen thousand
| dollars Csl6,0OO.OO), divided into sixty
| shares of common stock OF the par Nalut
of one hundred dollars per share, anu one one
| hundred shares of preferred stock OF the
par value of one hundred dollars per snare
| which said preferred stock shall be non
| voting and participating In tne proli''
| of the corporation, and SHAH pear elghl
| per cent (SGc) interest, cumulative; anC
the holders Of said preferred stock shal
| be preferred in the payment OF dlVldend'
from any net profits or earned SURPLUS
| over common stockholders. SAID preterreC
| stock shall be subject to redemption, ii
whole or in part, at any interest PAYING
| period without previous notice. Stoci
may be issued in exchange Tor propert!
| good will, services or for the STOCK o.
| other corpOrations. Fifty per cent OF INT
| capital stock Of this corporation must b.
| subscribed before the filing of articles o
| incorporation, and fifty per cent OF TN
| said amount so subscribed shall be actual
ly paid in before the corporation eng i,St,
| in business and the remainder within
twelve months thereafter. The capita
| stock may be increased to one hundred
thousand dollars ($1OO,OOOOO) by TWO
thirds vote of all common STOCK.
Thus done and passed in my Notaria
office. in the City of New Orleans, on tn
day, month and year first above written
in the presence of Howell Carter, Jr., am
Daniel Vending, competent witnesses
who have hereunto signed their names to
gether with the said appearers and me
Notary, after due reading of the whole:
Original signed: +. w. CalOngne, Jr
b. c. Fitzgerald, c. Campagna.
witnesses: Daniel Vending, Howel
ETHELRED NJ. STAFFORD, Not. Pub.
|, the undersigned Recorder OF Mort
cages, in and for the Parish of Orleans
the above and foregoing act of incOrpora
. ton Of the "AutOmotive Road insurance
Inc" vas this day duly recorded in m
office in Book 1912, Folio -.
New Orleans, August 18th, 1870.
: (SignedD EMILE LEONARD, by. X.
A true copy. ~,
ETHELRED NJ. STAFFORD, Not. Pub.
= Sent. 2-Oct