The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-29
AMENDMENT TO CHARTER OF
DAMERON-PIER>ON COMPANY. ITD

AMENDMENT TO CHARTER OF
CAMERON IER>O\ COMPANY. LTD
United States of America. State Of Lou
l>laHa, Parish of Orleans. CITY of New or
leans. BE II known. that on this 18th dgy
or June. in the year Of our Lord one. thnuS
ana nine hundred and twenty Ng2Or. and
OF thr Independence Of the United Statr,
OF America, the one hundred and forty
touith. before me. Walter X. Lpyrrirh -
Notary Public. duly commissioned ana
qualified. in and for the Parish of Orleans.
state OF Louisiana. therein residing. and
IN the presence of the witnesses herein
after named and undersigned. personally
came and appeared Frank cameron. of the
full age OF majority and resident of this
city. htFein appearing and acting as Pres
majority. and a resident of this city
ldcnt, and j. Il. Eaton, of the full age of
herein appearing and acting aS Secretary
OF cameron PierSOn COMPANY Ltd who
declared that at a general meeting of the
stockholders Of the cameron PicrSon Com
pany. Ltd, a corporation created under
the laws of the State of Louisiana, as per
act OF incorporation executed before viii
liam i. Brewer. a Notary Public. in this
city. ON February !, 1904. and registered
III the Mortgage office of this city in
Book Isl, Folio l4S, as amended by act be
fore Felix j. PUG, Notary Public in
this city. on July l., 1912. and registered
IN the Mortgage office of this city in Book
lu'1 Folio 3Oi. was convened at its domi-
nv 1t Nu' 'pTutT OF NdltneZ Alley and
Camp Street. in this city. on June Path
1870. after due notice of said meeting hao
been given by publication in the AlgierS
Herald. a newspaper published in the City
or New Orleans, after thirty days priOI
notice given as aforesaid and by thirty
days written notice mailed to each stock
holder. That both said notices. the one by
publication and the one by writing
mailed to each stakeholder. set out IN,
same purpose and objects. as well as the
time and place of said meeting: that the
same had been called to determine whether
or not the charter of said corporation
should be changed, altered or amended.
That on the oath day of June. 1920. said
general meeting of stockholders was held
at its domicile aforesaid, and there were
present or represented the holders and
owners of 500 ga shares, which represent
and constitute all of the common capital
stock of said corporation That at said
meeting it was unanimously resolved ana
voted by the holders and owners of said
$50 81 shares, which represented the en-
tire common capital stock of cameron
Pierson Company, Limited: That sal,
Article III of said charter be altered and
amended 40 as to read as follows:
ARTICLE 1.-THE capital stock of sal,
corporation is hereby fixed ut the sum of
two hundred and forty thousand (S2iO.-
OOO.OO) dollars. divided into and represented
BY twenty -four hundred (2400) shares of
the par value of one hundred ($lO000) dol
lars each. The said stock shall consist of
and be issued as two different classes the
Preferred stock and the second as the
Common stock.
Section L The amount of the First Pre-
ferred stock is fixed at the sum of forty
thousand ($i00O0.O0) dollars divided into
and represented by shares of a par value
of one hundred ($l0000 dollars each. The
First Preferred stock shall be entitled by
preference and priority over the Common
stock of this corporation, to dividends in
each and every year at the rate of seven
90 per cent per annum, payable out of
the profits. Such dividends shall be cum
ulative. limited to seven (IcG) per cent per
annum and the first preferred stock shall
be entitled to no other or further share in
the profits except as hereinafter provided.
All payment of dividends on the said first
preferred stock shall be without deduction
for any tax or taxes which by any present
laws or future laws of the United States
or of the State OF Louisiana. may be pay
able or in respect TO the said dividends for
national, state. municipal or other pur-
poses; said corporation hereby agreeing
to pay such tax or taxes which IL or the
said stockholders may now or hereafter be
required by any such law to pay or Eetain
thcreupOn. In the event of any dissolution
or liquidation or winding up, whether vol
untary or involuntary, of this corporation
the holders of the first preferred stock
shall be paid in full by preference over
the common stock holders the par value
Of their shares, together with the divi-
dends, at the rate of seven C1GsD per cent
to date of said liquidation. The Board of
Directors shall have authority by not less
than n two-thirds affirmative vote of the
entire Board to retire after giving sixty
days notice of intent so to do, the whole
or any part of the outstanding first pre-
ferred stock upon paying to the holders of
the same one hundred and five and O/1O0
lSlO0.Ol dollars per share and all due
dividends, or II the said holders are un-
known. or refuse to receive the same. to
deposit the amount due to them in any
solvent bank in the City of New Orleans.
notifying the holder of record of said de-
.p1fe Hws rfSNa 1T 1,ae
mated address, or, IL he has not designated
any address, at the General Delivery in
New Orleans. such deposit shall put the
said sum at the risk Of the former stock
holder and shall terminate In full the in
terest of the former owner thereof in the
company or his claim against IL, insofar
as IL arises from said share. In case the
Board of Directors should determine to re-
tire only a portion of the said preferred
stock, the portion so retired shall be dis
tributed pro rata among the holders of
record of said class of preferred stock.
each holder having the same percentage
of his holdings retired, provided that II the
percentage of the holding Of any stock
holder should be fractional share of the
corporation shall have the option of retir-
ing one share less than the fraction or one
more than the fraction.
SECTION 2.-The amount Of said com
mon stock is fixed at Two Hundred Tho
sand tS20O.OO0.OO) Dollars, divided into or
represented by two thousand (20O0) shares
of the par value Of One Hundred (S100.OO)
Dollars each. and shall be entitled to such
dividends as may be declared by the Board
of Directors, subject to the provisions OF
Section j hereof, and not otherwise. The
said common stock shall in the event OF
any liquidation or dissolution or winding
up, whether voluntary or involuntary. OF
this corporation be entitled to the entire
residue of the assets of this corporation
after the payment of the amounts accruing
to the holders of the first preferred stock
in accordance with Section / hereof
All voting rights of this corporation
shall be vested exclusively in the common
stock at all elections Of Directors or other
wise.
Separate stock books and stock registers