The herald., 1920-09-23
fIARTER
AMENDMENT TO CHARTER o. PAT
II~ON ~ CoNTNNN, LIMITED
AIGI~I ggKD, 1920.

IL o.
l"'Id a.' " ..' ,.t... Hundred and
wear. "'. ."". ...'. ..il........r..,,... nj ta.
,.,.r.... rr, ON. hundred
'. d.. l,,' n.r.r,. r'.. r.lix J. Pui-.
r -. ..flTf. duly commissioned and
."r... in and for Tie Parish OF or
a. nr,...tra and therein r.-
~ '4 I'm ra. pr.-,..e of the wit
'.... ..r,tr.f..r named aud undersigned.
n.r.p~.'v ,a.., and appeared Mr.. Alfred
t,.,..n. President ~ I'atti~uu y
. r....-.t and Mr. charles T.
.....l..-, ~..r, t4rv-TF.a-urrr. OF said
.,..,.... "a CORPORATION organize under
,." r.... of the stat. OF Louisiana bN
Arr before VI. Morgan G"ri'y, notary
r.Jlt. ou February p. zoos recorded in
Nnrt-.-. D1i.r book ISL. i"I' ",'-. f''-
ruarg >. lH>. OF the records ~ ..' -.-
4sh Oh. orleans ~a'i ,"TN't,ll,,i"u ''''-
M. =. ,r,-.5 tr..t IA, d r.s.,.sur and
"t,,.I "a - 81 , sr...i.H meet
80 a., -"-rroiF.-s of 'p.rrf-pn ~
-. rr-,.,r.J hold u 't.n office Of
'.',.a..' ., ,,G CANNON Street on
-.- rr., a.,, of AUGUST 1870 held
,"' ~. al .f 3D.. .r...faf..r- of
's .--...,n and rpor waiver of
-. r ....... and rlrrr of said m,r'iH-
IA .,..l r,rH.r. 4r which meet.
''N"'H, r,if..r. .f r.,pri wore, pres.
-. d. ,-... ,...,I unanimously 20
amend aud ry.yuart Articles three. -FOUR.
IT, aud ~,> of The char,"r Of sid .. .r
90, an af which arp,tr- from.
... ,.r.....a .onv of the minutes IT said
r....,ir-. hereto auunN,d and mad" part
hereof
,,r.,r,-s further declared that they
,,..-,. ,rrgrrfy.F and directed rf said preset
-, ,,r.,r Lnforr mo. Nnta-y. and ru
,-..,.,. tr, pronar uo'rrigl Act and drrla-
",I| rr,rndrrrut required hy Law
~ a.. nr,rmo,,. Of aaordiuy authentic ref
-. Ia y,.rr..tu,rf record
'','', ,r.' rlrrrcr declared that Ar
- .tr.. f,vr Hvr and six of the
Gbnrrrr If This company wrr" hE unaUt.
~, ,f am nf the Shareholders
',o'r md re- Enacted To read 81, fol
-.
..,..,r. ,,r ri ,F.;,.t. grF rr-
I'LL NJ u' ",'.., .,..,., ~
poses Tor W mon ,.'' 10 f,.':,,... o.,
EHuiZt aud tH" nature OBJ TO- -
b" carried q" "E '' "'
TO De ., ....7 ,.,..-,r.-Ii., nf
-" hpE anu .I gu gu '.,,.,, ,,.,,r.rf .u, ON
all AiuH>' h"'" .p' t.t..,I.. and NJ rg
~, ,,,,g,..t,rr,. articles Of NOR
'I'' IT, -l tn "a, % ,,.u.rgl irnport and
chandis" anu 10 go ma, .nJ =, huy
rAl"F. h"0lh' -. '-" - ,.-s.l- arr
sell, Ir"~" ,""I, a.m,i,,-,.,io, in con
other WrihodS OF 'r'HS''' ~" I,llitb
u"'i"h WIN IT. 49, b., .ir.-. 81,
hrAh', '> OF .I -, .n,t ,h,, BOARD Of III
any p'''' ", I'm ,Iyi.aIle whether I'm
1-,.f,,.i s,gt,s or i'm foreign countries
To- buy. sell. lease. suitcase and mort
90 ma pInds. or otherwise hypothrratc
II 1T storlss bonds or other ~pcuri-
ffes as the Board of Directors may de
trruinct
,rrIrr FL y-Tra c,pital stock of this
,i',ratinr j. bernhv fNrd m the sum of
,", l1I,'' NV. tbousor.l $50 OuOOm dollars
4;yid.J intn and represented by seven hun
frrd and fifty (TjOl shares of IN" par
Zinc If ono hundred tSlUO.uOl dollars
o9rb Said stock shall be Of two classes,
,r,.o-r.J and cannon
Tbr .gnrount Of prpfprrcl stock shall h'
twenty-five thousand tS2jowhoD dollars
and sucb preferred stock shall be ontitl ri
NV preference over the common stock "a
Jiriaends in each and every year at a.,
rate of seven "a per cent per auuum. BE-
,,i,,pinc August Isl. 1870. payabl" semi
gnnualIy on March !. and October /, on
80 tha NOT prnfitS which dividends shall
Lc cumulative Tpon dissolution or lqui-
acton tbe nrcfcrred Stockholders shall h"
maid mar value and seven per cent cumu-
iatiyp dividends to date of liquidation
,,rofcrcrre over common stockholders. No
rotin,, mower shall vest in such preferred
storE
Tn ornount Of common stock shall he
s,t,, tbcrsoud $50 OpO OOD dollars divided
imt3 and rrnrrsentrd hy i've hundred tIoo)
ha' &c tba mar voiuc of one hundred
,SinO M, dollars each. twenty thousand
800 On0 OOl collars of which is already is
- a., ort.tondiur
S"'" "'" s,,. 400 M, .or,,rs
In" twenty 'houSauu tF-'JTvg.VTT, iylnei
of capital STOCK Mhi'h Il "Ir'"I! -,
and outstanding Shall De suTIruG i Il Nv i
lieu Thereof. 10 me nolu'I 49, o.
equal amount, dollar LOT Hoii"r V, 'i,.
mon stock, atCOEulhS u '"'ii A''P'N''''
holdings.
The common stock shall he entitled "a
such dividends as the Board of Directors
may declare subject to the prior payments
of The cumulative dividends upon the pre-
ferred stock as heretofore provided and
in the event of liquidation or dissolution
tho common stock SHAH he entitled to al
assets of the corporation after payment
Of all debts preferred stock and Cumula
five dividends il any. All voting powers
shall no vested exclusively in the com
mon stock
Tho nrefprred stock may he increased
70 one hundred thousand (SlOo.ONOOO) dol
lars and the common stock may he in
creased TO two hundred thousand (S2OOOOO
dollars All stock shall be issued for caSl
or its equivalent including good will a
authorized by law or may be issued a
NOT less than par In payment for prop
erty actually purchased or for service
actually rendered the corporation or tn
same may be issued fully paid for mono,
advanced or for such other valuable con
sheraton or services rs the Board Of ID
r,ctors may determine. All capital Stocl
not already issued shall he issued at sue
time and upon such terms and condition
rs the Board of Directors shall determine
subject to legal requirements. All stoc
shall no fully paid and worcestershire AM
no transfer of stock shall be binding upO
the company unless recorded upon tn
COmpapy'S books. and a prior lien on al
shares of stock shall be retained by thi
corporation on the stock Of any Shar"hOldc
for any Indebtedness secured or unsecured
however, evidenced or created. due ut an
time to the corporation by the holder q
-