The herald., 1920-02-05
CHARTER.

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 distributiye 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 at not
less than par value for labor actually
performed. or for property actually re-
ceived and acquired by the corporation
No transfer of stock shall be binding
upon the corporation unless made upon
the books thereof, accompanied by the
surrender of the old certificate, properly
endorsed.
ARTICLE VAN the corporate powers
OF TINS corporation shall be vested in and
exercised by Board of Directors, to be
composed OF Seven "a stockholders who
shall be elected annually on the Second
Tuesday, of the month Of January in
eaSn year. by vote OF the common stock
holders. at general meeting convened
Tor that purpose, after such notice given
as is provided for. in Section Ten (lO) of
Act No. 267, of the General Assembly of
| said election shall be by ballot and each
stockholder, shall be entitled to one vote
Tor each share or 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 Board
of Directors shall fix
| The Board of Directors shall have full
power and authority, to make and enact
the necessary bylaws, rules and regula-
ITEMS Tor the proper conduction Of the af-
FAIRS OF the corporation and the same to
alter and amend: to employ, and dismiss
| at their will and pleasure such officers
agents and employees as may be neces-
, sary for the proper conduction OF the
| business OF the corporation, fix the term
OF employment and the compensation
| therefor.
The newly elected Board of Directors.
a1ter each annual election, shall at their
first meeting, elect from among their
number, President. a Vice President a
Treasurer and Secretary. The Secre.
| tary shall furnish bond in such amount
| as shall be fixed by the Board Of Direc-
tors A majority of the Board Of Direc-
tors shall constitute a quorum for the
| transaction Of all business of the corpora
| ton. The Board of Directors shall have
authority and power to fill. for the I'M,
expired term, any vacancy which may
occur among their number.
/ Thus done and passed, in my office in
the City of New Orleans. State Of Louis
| lana, on the day. month and year first
above written, In the presence of N. Il.
Phillips and c. Collins, competent wit
nesses. who have signed their names with
the said appearers and me. Notary, after
a due reading Of the whole.
Witnesses: NJ 3. Phillips. C.. Collins
| The original act is signed Otto C.
Lightner. President; A. ID. Dalrymple.
Secretary.
CONRAD G. COLLINS.
| Notary Public.
/, the undersigned. Recorder Of Mort
cages, in and for the Parish Of Orleans,
State Of Louisiana. do hereby certify that
the amendment to the Charter Of the Light
ner Publishing Corporation, Incorporated
mas been duly recorded in Book 123S, Folio
=. OF my current records.
New Orleans, January 22d 1870.
EMILE J. LEONARD,
Dy. Recorder Mortgages
A true copy.
New Orleans. January oath, 1870
CONRAD G. COLLINS
| Notary Public.
a true copy Of the original on file and
Of record in my office.
| Jan. 30 Feb 5-Mch