The herald., 1920-01-29
CHARTER.


of Two Hundred and Fifty Thousand Dol
lars (S25O, 100000 represented by Two
Thousand Five Hundred Shares (2,JOO)
of the par value of One Hundred Dollars
each.
OF the capitaI stock hereinabove pro
vided for. the sum of Two Hundred Thou
sand Dollars. represented by two thousand
shares. shall he Common stock and the
sum of Fifty Thousand Dollars represent
ed by five hundred shares shall he parti-
cipative and cumulative preferred stock.
The capital stock may he increased up
10 the sum of Three Hundred and Fifty
Thousand (S3J0O00l Dollars.
The holders of the said preferred stock
shall be entitled to receive. and this
corporation shall pay. cumulative prefer
entail dividends at the rate Of eight per
cent per annum on the par value thereof,
payable annually from profits, and the
holders thereof. shall on liquidation or
dissolution of this corporation be entities
to receive by preference over all other
stock. any accrued and unpaid dividends
and the diStributiVe share of the assets
up to the extent of the par value of
such preferred stock held by them. The
preferred stock shall not have voting
power, which power to vote is alone vest
ed in the common stock.
Said capital stock shall be paid for in
cash. or the same may be issued nj not
less than par value for labor actually
performed, or for property actually re-
ceived and acquired by the corporation.
y
upon the corporation unless made upon
the books thereof accompanied by the
surrender of the old certificate, properly
endorsed
ARTICLE V.-AIl the corporate powers
of this corporation shall be vested in and
exercised by Board of Directors. to be
composed of Seven ca stockholders. who
| shall be elected annually on the Second
Tuesday. of the month of January in
each year, by vote of the common stock
holders, at n general meeting convened
| for that purpose, after such notice given
| rs is provided for. in Section Ten (lO) or
| Act No. 267. of the General Assembly of
| the State of Louisiana. for the year 1914.
| said election shall be by ballot. and each
| stakeholder. shall be entitled to one vote
| for each share of common stock standing
! in his name upon the books of the cor
poratiOn, and which vote or votes may be
| east in person. or by proxy executed be-
| fore an officer authorized to administer
| oaths. The election shall be held under
| such rules and regulations as the BOaru
| of Directors shall fin.
| The Board of Directors shall have full
| power and authority, to make and enact
the necessary bylaws, rules and regula
| tiOnS for the proper conduction or the an
| fairs of the corporation and the same 70
| alter and amend: to employ, and dismiss
at their will and pleasure. such Offlcers
| agents and employees as may be neces-
sary for the proper CONJUNCTION OF tht
business of the corporation, fix the term
of employment and the compensation
therefor.
The newly elected Board of Directors
after each annual election, shall at thell
first meeting. elect from among theil
number. a President, "A Vice-President,
Treasurer and a Secretary. The Score
tary shall furnish bond in such amour
as shall be fixed by the Board of Direc
tors A majority of the Board of Direc
tors shall constitute quorum Tor TN
, transaction Of all business of the corpora
ton. The Board of Directors shall hav
I authority and power to fill, for the un
. | expired term, any vacancy which ma.
occur among their number.
| Thus done and passed, in my office II
the City of New Orleans, State of Louis
lana, on the day, month and year mrs
! above written, in the presence OF NJ. Il
Phillips and G. Collins. competent wit
nesses. who have signed their names wit
Z the said appearers and me, Notary, afte
: n due reading of the whole.
Witnesses: NJ r. Phillips. c. Collins
The original act is signed, otto {
, Lightner, President; a. ID. Dalrympl'
Secretary.
CONRAD G. COLLINS,
= Notary Public.
! I, the undersigned Recorder of Mort
cages in and for the Parish of Orleans
= State of Louisiana. do hereby certify this
o the amendment to the Charter of the Light
0 ner Publishing Corporation, Incorporate,
. has been duly recorded in Book 1913, Foil
4 =. of my current records.
n New Orleans, January 22d, 1920.
EMILE J. LEONARD,
o by. Recorder Mortgages.
= New Orleans. January oath. 1920
@ CONRAD G. COLLINS,
n Notary Public.
A true copy of the original on file an
of record in my office.
Is Jan. 29-Feb. 5-Mch. 4.