The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-15
CHARTER.
Adams Hats
1872 ST. CHARLES STREET.
AMENDMENT TO CHARTER OF II. \ &.
NEWMAN, LTD.

United States of America. Stat" of Louis
lana. Parish of Orleans. city of New or
leans BE il known, that on this 10Th day
of June in the wear Of one thousand min"
hundred and twenty, and of tn" lnd"T"u
dpnce of the United states of America IN"
one hundred and forty fourth. before mr.
Henry T. Dart. Jr., Notary Public, in
and for the Parish of Orleans. stat" of
Louisiana. duly commissioned and quail
fled. and in the preS"n'" Of IN" witnesses
hereinafter named and undersigned, per
Sonally cam" and appeared Harris Ilyman.
a resident Of said parish. who declared
that II. y &. Newman. Ltd, l. Il corpora
tiou organized under IN" laws Of l."nisi
ana. by act before Frederick &. Marx. a
Notary Public Of this parish, on February
~ 1900. duly recorded In mort gage office
of the Parish of Orleans. in Book "ib.
Folio. 116. that meeting Of the >torkhold
-rS of said corporation WAS duly held at
the office of the corporation on Jun" liih.
l92O. al which meeting alt the holders of
All the ,.Hpital stock uf said corporal ion
issued and outstanding were present and
represented That at said meeting tn"
said stockholders. 10y resolution. unani-
mnuSly adopted. agreed To change alter
amend and enact tn" charter Of said cor
pnratiou in the words and figures herein
after set out. and i'm the same resolution
appointed tn" app"ar"r herein 10 appear
hrfor" me. NotIry.and in behalf of said
corporation to put into authentic >hHp"
thu. said acts of IN" stockholders Aud ap.
u"arrr further declared that Ia" dos a".
'ordiugll appear hrt"r" me. Notary. i"r
:
the said charter in ia" manner and form
follow ing. to.vlt.
ARTICLE |. III" name OF IA" corpora
lion shall be- II. n G Newman. Inc, and
il shall have and enjoy "Ni~t"nr" and ~u".
r,.~~ion for ninety min" years from The dat"
If this act and all the rights. privileges
and advantages now or hereafter granted
Toy law to corporations. in'ludIuG thu
power to contract. 81" or l." sued IA IT.
CORPORATE. name. to make and IL" 4 rnrpor-
at,. seal aud the same 4" break. alter or
discontinue at pleasure. 1" hold. receive,
purchase. sell. convey. mortgage. hNpothr-
cate and plcdg" property. real and per
Soual. to i>SU" notes. bonds aud other oh.
legations. To borrow aud l"ud money. 1"
maxi" advances upon growing crops and
upon other products of agriculture. "a
buy. sell. pledge or OthcrWI~" deal in
>tork~ bonds and other securities. and
generally L. do any and all things ne
full. proper or necessary To successfully
conduct the business in which this cor
pnratinn shall engage. and particularly the
objects aud purposes hereinafter set out
ARTICLE 1.-THE domicil" of this cor
poraiiOn shall b" in tn" city of New or
leans. La. citation and other legal pr"
cess shall be served on the President. and
in his absence. on the Vice President. the
Secretary or tn" Treasurer. or tn" 500
rotary Treasurer. should these offices b.
combined in one person.
ARTICLE uI.-Thc objects and pur
noses for which this corporation j. eStab
ii>hrd and the nature of the business I,
he carried Oh by il ar" declared to be- "a
continue the business conducted by IL.
! e. Newman, of New Orleans La. III all IT.
! phases aud branches. to purchase. sell
handle and deal in cotton aud agriculture
! products and merchandise of all kinds. I,
make loans and advances to planters. m"r
! chants. or others. in connection with Oi
| incidental to its business: To buy. sci
| and cultivate lands. to operate CottOT
! congresses or ginn"rieS. To manufacture
| aud 10 do a general commission. mer"an
a rrTnsF
ness. to buy and sell stocks and bond,
and other securities and generally to Il,
/ any and all things incidental or aPpr0pri
| ate To the carrying out of any of tn" bust
nrS>r> or purposes herein contemplated.
! ARTICLE IV.-The capital stock of thi,
| corporation il hereby fixed at two million
| dollars. divided into and represented by
| twenty thousand shares of the par value
! IF one hundred dollars each. reprr>entr,
| by certificates TO be signed by the Presi
| dent and Secretary Treasurer. and in cas-
| Of the absence or inability of them, o
either of them, then by any two officer
| designated by the Board of Directors
| Said capital stock shall be divided int
| classes designated by the letters - "B
and C. and shall be ISSUED, deliv"re,
/ and accepted under the terms and pro
| visions hereinafter set out:
| Glass "A'-The amount Of the Class "A
| stock is fixed at the sum of nine hundre,
! and fifty thousand dollars divided int
| and represented by nine thousand tiv
1
: each said stock shall b. issued out o
| the surplus and undivided profits Of th
| corporation accumulated since March lSt
| 1913. up to and including June 10Th, i!'2,
and a stock dividend is hereby declared o
| the said surplus and undivided profits o
the corporation, to cover which said Stocl
divided, the aforesaid Class "A" StocI
| il issued and distributed.
Glass "B"-The amount OF Class II
| stock is fixed ut the sum of seven hundrrt
and fifty thousand dollars, divided int
shares of the par value of one hundred
dollars each. Said stock shall be- iSSue'
out of surplus and undivided profits o
| this corporation accumulated prior {
| March |, 1913 4 stock dividend is hereb,
declared of said surplus and undivide,
profits. to cover which said stock divi
dend the aforesaid Glass Is" stock shall
| be issued and distributed.
| Class "C"-The amount of Class &C
stock is fixed ut the sum of three hundre'
thousand dollars, divided into and repre-
scented by three thousand shares, of tn
par value of one hundred dollars each
Said Class &c" stock shall be made up o
the capital stock Of ii. & e. Newman
Ltd. heretofore issued and outstanding il
the above amount.
All stock issued by this corporation
shall be full paid either in cash or il
property, or by way of stock dividend on
of surplus and profits accumulated an
undiStrihuted. The Board of Director
is authorized to declare and issue stOc
dividends out OF the earnings and Surplu
of this corporation. The Board of Direc
tors may call in. redeem and retire an
! and all of the stock Of Classes IL an
| &C." or either of them. and thereupOn tn
! capital stock shall be reduced accordingly
4 The corporation is hereby authorized [
increase the capital stock of three million
five hundred thousand dollars; such in
crease to be- Class ~ stock. No trans
fer of stock shall be binding upon III
corporation unless recorded upon II
books nor shall any stakeholder have tn
right to sell any of the shares held b
him. without having first offered the sam
to the stockholders of record in prOportio
to their holdings, through the Board q
Directors at the book value of the stool
Said offer shall be made in writing an
the stockholders shall have the rigl
within a period of ten days after the Oi
fer to sell. has been received by the Boar
of Directors. to purchase the shares
offered for cash at said value. The ceI
tificateS of stock shall have written
stamped upon them referenc" TO I'll
provisions of this Article Of the Charte
By the consent of twO-thirdS of the Dire
tors, at a special meeting called for til;
purpose. and without the necessity of an
amendment to the Charter. the necpSSit
for writing or stamping such inScriptto
upon the stock certificates may be- 81
ppnSpd with. or the certificates Crntainir
| such inscription may be called in and ne
] certificates. without the inscription. ma
be issued in their stead.
ARTICLE N.-AH corporate powers
this corporation shall be vested in al
exercised by a Board of Directors. con
posed of five stockholders, three of who
shall constitute a quorum for the tranSa
ton of business. The Oft1cerS OF the 60
pOration shall be a President, "A Vice Pre-
idpnt "A Secretary and Il Treasurer. b
the Board of Directors may, by apprOpT
ate resolution. combine the offices of Se
Rotary and Treasurer, and separate the
and combine them again. from time
| a. In, a.