The herald., 1920-03-04
AMENDMENT TO CHARTER OF THE
NoRIES BAKING COMPANY.


United States of America.
| State of Louisiana,
Parish of Orleans
| City of New Orleans
BE II KNOWN, That on this twenty
seventh day of the month of January, II
the year of our Lord, One ThOusan,
Nine Hundred and Twenty and of tn
Independence of the United States o
america. the one Hundred and Forty
Fourth.
BEFORE ME: WILLIAM ALEXAN
DER BELL, a Notary Public duly com
mlSsIoned and qualified in and for tn,
iarlsA aud State aforesaid, therein re-
siding, and In the presence of the witness
| eS hereinafter named and undersigned:
! PERSONALLY CAME AND APPEAR.
ED: Allen l.. Worries and Robert 5
| Brown, both of age, residents of the City
! of New Orleans, President and Secretary
! respectively OF the Worries Baking Com
! pany, and herein appearing and acting
! III their respective capacities, by virtue
| Of the authority in each of them vested
/ under resolution of meeting of the
! stockholders of said company, held In
/ the City or New Orleans on the 18th.
/ day OF January 1920. Il certified copy OF
said resolution, being hereto annexed
| and made part hereof:
! WHO DECLARED That At n meeting
/ of the stockholders of the Worries Baking
! company, regularly held at the office of
/ IN" Said company. at its dOmiCile in the
| city OF New Orleans, on the 9th day
duly called after proper notice and in
compliance with resolution of the
| Board Of Directors of said company pass
Ell on the 10Th. day of January, 1920, Il
c"rtlilcd copy of which resolution is al
30 hereto annexed for reference it was
unanimously resolved by those present at
Said stockholders meeting, holding and
voting in person or by proxy more than
thrcc-fOurths of the outstanding stock
of sad company, that ARTICLE ", Of
IN" charter of the said company be amend
ed 50 that said article will hereinafter
read and be as follows, to wit: -
ARTICLE "
The Capital Stock of this corporation
Is hereby fixed at THREE HUNDRED
THOUSAND DOLLARS. (S3OO. OOOO 0,. di-
nldrd INTO: or represented by THREE
THnI SAND SHARES of the par value
of ONE HUNDRED $500 OOD DOLLARS
each. which shall he paid for AZ such
times in such manner, and in such
amounts as the Board of Directors may
require. and such stock may be issued
for cash paid to the company. or proprr-
~ conveyed or labor done for it, Such
stock shall consist of two different class
rs OF issue. one thereof to be known as
the PREFERRED STOCK and the other
as the COMMON STOCK
SECTION 1.-The amount of paid
Preferred stock is fixed at the sum OF
ONE HUNDRED THOUSAND DOL
LARS $500. 100000, divided into or repre-
scented by ONE THOUSAND SHARES
OF ONE HUNDRED DOLLARS jSi0o.
OOl each. The Preferred Capital Stock
shall be entitled to receive when and as
declared. from the surplus or net profits
of the Corporation, yearly dividends al
Such rate up to, but not exceeding Sev.
on lD per ccntum per anum, payable an
nuaIlN in such inStalmentS as the Board
ot directors may declare. The dividend
on the Preferred Stock shall be cumula-
tive and shall be payable before any divi-
bends on the Common Stock shall. be paid
or set apart. so that if in any year diyi-
d"ndS mp TO. hut not exceeding seven ca
per centum per anum shall not have been
paid thereon, the deficiency shall be paw
able before any dividends shall be paid
upon or set apart for the Common Stock
Whenever all cumulative dividends up
on the Preferred Stock for all previous
years shall have been declared and shall
have become payable, and the ACQUIRED
interest for 1.-THE current year shall have
been declared and the Company shall
have paid such cumulative dividends for
previous years, or shall have set aside
from its surplus or net profits a sum
sufficient for the payment thereof the
Board of Directors may declare dividends
on the Common Stock. payable then or
thereafter ont OF any remaining surplus
or net profits.
Gin the event of any liquidation or dis
solution or winding up, whether yOlun- |
tary or involuntary. of the Corporation. |
me holders of the Preferred Stock shall !
be entitled TO be paid in full. both the |
par amount of their shares and the I'M
paid dividends ACQUIRED thereon before |
any amounts shall be paid to the holders
payment of the holders of the pre-
ferred stock of its par value and |
the unpaid accrued dividends there
on, the remaining assets and funds shall |
be divided and paid TO the holders of the
Common Stock according to their respect
i've shares
SECTION 1.-THE Common Stock of
this Corporation is hereby fixed at the
sum of TWO HUNDRED THOUSAND
DOLLARS ($2OO.0O0.OOl divided into or
represented by TWO THOUSAND SHARES
OF ONE HUNDRED DOLLARS (SIOO.-
N) each. and shall be entitled to diyi-
1endS and to shares in the assets and
funds of this Corporation only in the
manner prescribed in Section I hereof
and in no other way. Both classes of
stock shall vote on an equality in all
elections for Directors and otherwise.
SECTION III.-No Stakeholder of this |
Corporation shall sell or dispose of his
stock without first offering same for
sale in writing to its Board of Directors
which shall have the first option to pur-
chase same at the book value thereof:
and should said Board fail or refuse to
purchase said stock within thirty 500
lays from the date of such offer, the
stakeholder offering said stock may dis
pose of same to any person whatsoever |
Transfers of stock shall not he recog-
niZed until such stock is transferred on
he books of the company by the owner
)t said stock or by his duly authorized
lgent. Separate Stock Books and Stock
Registers shall be kept for each of the
said classes of Stock"
NOW THEREFORE, in order to carry
Iut the objects and purposes of said stock
holders meeting and to clOthe the said
amendment in proper form and to give
{ legal force and effect, the said ap-
bearers do now declare and hereby make
known that the charter of the Worries
Baking Company has been changed al
cred and amended, in the manner and
.orm herein above set forth. and they
10 hereby authorize and require that the
oregoing act of amendment he duly re-
,orded and published according to law.
THUS DONE AND PASSED at my Of
Ice in the City of New Orleans, State
If Louisiana, on the day, month and
iear first above written. in the presence
If Messrs. Allen II. Worries and Carl C.
competent witnesses who have
lereuntO signed their names with me-
Notary, after reading of the whole.
Original Signed: Allen l.. Worries,
Z. 5. Brown, Secretary.
witnesses: A. ii. Worries; c. c. Fried
ichs.
i, the undersigned Recorder of Mort
RACES in and for the Parish of Orleans,
State of Louisiana, do hereby certify
hat the above and foregoing Act of
amendment to the Charter of the VOR-
Els BAKING COMPANY was this day