The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-09
AMENDMENT OF CHARTER OF "AU.
TONOTINE ROAD ISSUR-
ANCE, INC"

United States of America. State of Lou
isiana, Parish of Orleans, City of New Or
leans. BE il known. That on this, the
fourth day of the month of August. in the
year of our Lord, one thousand, nine hun
dred and twenty (1920l, before me, Ethel
red Macaulay Stafford. a Notary Public,
duly commissioned and qualified in and
for the State and Parish aforesaid, per
sOnally came and appeared, +. W. Cal
ongne. President, Richard &. Fitzgerald,
Vice President, and Ben Campagna, Secre-
tary- Treasurer of the "AutOmOtive Road
Insurance Company corporation or
ganized under the laws of the State of
Louisiana, domiciled in the city of New
Orleans, as per act of incorporation of
said company, passed before Ethelred
Macaulay Stafford, undersigned Notary,
on the 10Th day of May, 1870, and record
ed in Mortgage Office of the Parish of
Orleans. May 31st, 1920, in Book 1916,
Folio 3d. appearing herein by virtue of and
pursuant TO a resolution passed by meet
ing of stockholders of the said cOrpor-
alton held in the City of New Orleans, on
the 4th day of August, 1920, who. in their
said capacities, and in order TO carry into
effect the amendment of charter of the
said corporation, voted for and passed and
amended at stockholders meeting on
said August 4th, 1920, being amendment
to Article of the charter of said corpOr-
alton, and to make full proof thereof by
nOtarial act, declared:
That Article V of the charter and act
Oh incorporation OI the AuloHOilNt hOdu
Insurance, Inc, corporation organized
under the laws of Louisiana before Ethel
red Macaulay Stafford, Notary Public,
May 20, 1914, and recorded May 81, 1920,
in Mortgage Office Book 1915. Folio %, of
the Parish of Orleans. has been and is
now amended so as to read and does read
as follows, tO-wit:
ARTICLE y-"The capital stock of this
corporation shall be sixteen thousand
dollars (Sl6OOO.OO), divided into sixty
.ba Of nf tho Valup
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 nom participating in the profits
of the corporation, and shall bear eight
per cent (Sfo) interest. cumulatiYe; 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, in
whole or in part, at any interest paying
period, without previous notice. Stock
may be issued in exchange for property.
good will services or for the stock of
other corporations. Fifty per cent of the
capital stock of this corporation must be
subscribed before the filing of articles of
incorporation, and fifty per cent of the
said amount so subscribed shall be actual
ly 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 ($100,0O0O0 by a two
thirds vote of all common stock
Thus done and passed in my Notarial
Office in the City of New Orleans, on the
day, month and year first above written,
in the presence of Howell Carter, Jr., and
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.,
Il. G. Fitzgerald, e. Campagna.
Witnesses: Daniel Vending, Howell
Carter, Jr.
ETHELRED NJ. STAFFORD, Not. Pub.
1, the undersigned Recorder Of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing act Of ineorpora-
ton Of the "Automotive Road Insurance,
Inc.," was this day duly recorded in my
office in Book 1912, Folio -.
New Orleans, August 18th, 1920.
(Signed.) EMILE LEONARD, by. r.
A true copy.
ETHELRED NJ. STAFFORD. Not. Pub.
SAINT D z