The herald., 1920-09-23
AMENDMENT OF CHARTER OF Al
TOMOTINE ROAD I>>JR-
ANCE. INC"

United States Of America state Of Lou
iSiauu Parish Of orleans. city of New Or
leans Er it known. That on this. IN"
fourth day of the month OF August. IN the
year of our Lord. one thousand, min" hun
bred and twenty tl"2ub. b-sor" me-. Ethel
red Maraulay stafford. a Notary Public.
duly commissioned AMI qualified m ana
for the stat" and Parish aforesaid, per
Soually came and appeared. +. ". Cal
ougur. President. Richard 9. Fitzgerald,
Vie. President and Sen tImpJ-ua. S'''r"-
tary- Treasurer of the "AUtuWo'lV" Road
Iu>urauc" Company corporation or
gauiltd under the laws OF the state OF
Louisiana. dOmirIlnd i'm the city OF New
Orleans a. per act of Incorporation OF
said company. passed brior" Eihrlr"d
Macaulay Stafford, undersigned Notary
Oh the 10Th day Of May. lH=n. and record
ed in Mortgage office of the Parish of
orleans. Nav 3lSt. 1920. in Book 1916.
Folio -. appearing herein by virtue Of and
pursuant 10 Il resolution passed uN meet
ing of stockholders Of the said r"rpor-
alton held in the city of New Orleans. on
the 18th day of August, 1920. who. in their
said capacities. ana in order To carry into
effect the amendment of charter Of IN"
said corporation. voted for and passed and
amended AT a stockholders meeting on
said August 4th. 1920. being amendment
To Article ' of the charter of said corpor-
alton. and to max" full proof thereof by
uOtarial act, declared.
That Article V of the charter and act
of incorporation of the Automotiyc Road
Insurance. Inc. corporation organized
under the laws Of Louisiana before Ethel
red Macaulay Stafford. NIary Public.
May ~. 1911. and recorded MAY 81, 1870.
in Mortgage office Book 1916. Folio Is, Of
the Parish Of Orleans. has been and Is
now amended so as to read ana does read
as follows tO-wit.
ARTICLE Y.-"The capital stock of this
corporation shall be- sixteen thousand
dollars CSld.OO0.00), divided into sixty
shares of common stock of the par value
of one hundred dollars per share. and one
hundred shares of preferred stock of the
par value Of one hundred dollars per share
which said preferred stock shall be non
voting and non participating in IN" protltS
of the corporation. and shall bear eight
per cent (SE) interest. cumulative; and
the holders of said preferred stock shall
be preferred in the payment OF DIVIDENDS
from any net profits or earned surplus
over common stockholders. said preferred
stock shall be- subject TO redemption, III
whole or in part, at any interest paying
period, without previous NOTICE StocB
may be issued in exchange Tor property
good will. services or for the STOCK OF
other corporations. Fifty per cent OF tn,
capital stock of this corporation must b'
subscribed before the filing of articles OF
incorporation, and fifty per cent Of The
said amount 50 subscribed shall be actual
Is paid in before the corporation engages
in business and the remainder within
twelve months thereafter. The capital
stock may be Increased to one hundred
thousand dollars $500. OOOO) by two
thirds vote OF all common stock
Thus done and passed in my Notarla
Office in the City of New Orleans, on thu
day, month and year first above written
in the presence of Howell Carter. Jr, anC
Daniel Vending. competent witnesses
who have hereuntO signed their names 20
Cether with the said appearers and me
Notary. after due reading of the whole.
Original signed: +. W. CalOngne, Jr.
Il. &. Fitzgerald. e. CampaGna.
Witnesses: Daniel Vending, Howe
Carter, Jr.
ETHELRED VI. STAFFORD. Not. Pub.
/. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State OF Louisiana. do hereby certify tina
the above and foregoing act of incOrpOra
ton of the "Automotive Road Insurance
Inc" was this day duly recorded in m!
office in Book 1912, Folio --.
New Orleans. August 18th, 1920.
(SignedD EMILE LEONARD, by. Il.
\ true copy.
ETHELRED NJ. STAFFORD Not. Pub.
Sept. 2-Oct.