The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-09
CHARTER
rNTs TO CHARTER OF PAT
luENpnS 4 COMPANY, LIMITED
1isoA AUGUST 23RD, 1920.

ISIS, % n known that on the twenty
ssns .sy Of the month OF August, IN the
bifa "ne thousand, nine hundred and
rear %. of the Independence OF the
tFenty' c.ates of America, the one hundred
United sifth. before me, Felix ]. PUG,
sd ioI9 nnblic, duly commissioned and
potsIy n and for the Parish of Or
enshneSu, ote of Louisiana and therein re-
bsns, and in the presence OF the wit
sidine' ,areinafter named and undersigned.
pesses ne sr came and appeared Mr.. Alfred
Persona President of Pattison x
7. Pst limited, aud Mr.. Charles +.
COMPANY Secretary- Treasurer, of said
Pstnsos' A corporation ORGANIZED under
eonpsnys Of the State OF Louisiana, by
the nHs s,s W, Morgan Gurley, notary
At beiole February q. 1908. recorded in
public, W ofice book SS1. folio go, Feb
Nortgssn, 1905. Of the records of the Par
ruay oreans. said corporation being
th o. IN the city Of New Orleans.
so@ aociared that by resolution and
Nlv,anted and voted nj a special meet
vote ss' he stockholders of Pattison d
nsnnsny, Limited, he'd at Ihe onlce OF
he eematty-6rst day of August, 1920, held
The Ns W., of all of the stockholders of
81 V,noration and upon waiver of
$50 ~ dine and place of said meeting
poue.s nv all stockholders at which meet
asns stockholders of record were pres
enf "a re-enact Articles three, four,
sneno 81. of the Charter OF said cor
eve an the words and figures herein
polauvos, ont. all of which appears from
anaI,t;sed copy Of the minutes of said
ne .,es hereto annexed and made part
hereof. ,.,., A.. A.,
Appa.horized and directed at said meet
vet .nnear before me, Notary. and to
ing tbe proper nOtarial Act and decla
ecu ~ said amendment required by law
nuvh nnrnose Of affOrding authentic ref
lM - and permanent record.
esnwes snnesrers further declared that Ar
a.Iss three, four. hye, and SIX OF the
w., Of this company were by unani-
cn vote of all Of the stockholders
no asa and re-enacted to read as fol-
lows:
An tor which this corporation Is or
\ Ftsa and the nature OF the business to
2 csrried on by it are hereby declared
be: -, ,,,uo-o, ,oo-chordiso n,
rv,nSs both for its own account and on
M-iss,on. both at wholesale and at re-
w "a 10 manufacture articles of mer-
u ..Sise and TO do a general import and
uss,t business, and to that end to buy,
az lease. charter and hire vessels or
~ IL. methods of transportation in con-
-.sstau
ss.ashas or agencies of said business at
~. LACE places that the Board of Di-
~ .rs deem advisable. whether in
4. limited Yates or in foreign countries.
- INV sell, lease. suitcase and mort
are and pledge, or otherwise hypothecate
90, state. stocks, bonds or other securi-
.ss A. the Board of Directors may de-
srmine
,prJcIE Iy-The capital stock of this
..,norstion is hereby fixed at the sum of
rtv-6ye thousand (ST5,OO0.OO) dollars,
s,,;ded into and represented by seven hun
AVA and fifty (T5O) shares OF the par
s,lse Of one hundred (Sl00.OO dollars
,aeh Said stock shall be or two classes,
rr,leYred and common.
rTSs amount of preferred stock shall be
,vs.ty.fiye thousand (S25.OOO.OO) dollars
.,S inch preferred stock shall be entitled
sr nrsference over the common stock to
1 %,idends in each and every year at the
pte Of seven (D per cent cent per annum. Dc
J,nipe August LIST, 1920, payable semi
,spuslly on March ]. and October l, out
= tbe net profits, which dividends shall
= cumulative Upon dissolution or liqui
ALTON the preferred stockholders shall be
,,n mar value and seven per cent cumu-
hive dividends to date of liquidation hv
rr,ferepce over common stockholders. No
voting power shall vest In such preferred
Ths amount of common stock shall be
CIV thousand $50, 0OO.O0) dollars, divided
into and represented by five hundred (5OO)
shares Of the par value OF one hundred
floC0o) dollars each, twenty thousand
iy9W0O0D dollars of which is already is
med and outstanding.
The twenty thousand $50 O00O0) dollars
espital stock which is already issued
IA outstanding shall be surrendered and
asceled, and there shall be issued in
Len thereof, to the holders thereof. an
uusl amount, dollar for dollar of COM
nsn stock, according to their respective
lsldinss
ne common stock shall be entitled to
nch dividends as the Board Of Directors
nay declare subject to the prior payments
Il the cumulative dividends upon the pre-
funed stock as heretofore provided and
b the event Of liquidation or dissolution,
tie common stock shall be entitled to all
nsets Of the corporation after payment
d al debts, preferred stock and cumula-
tive dividends, IL any. All voting powers
iAan be vested exclusively in the COM
non stock.
he preferred stock may be increased
b enc hundred thousand ($100, 00O.0O) dol
hn and the common stock may be in
erased to two hundred thousand (S2OOOOO)
tolars. All stock shall be issued for cash
it, equivalent including good will as
nihorised by law or may be issued at
~ less than par In payment for prop
az actually purchased or for services
rtually rendered the corporation or the
nnt may be issued fully paid for money
Mvspced or for such other valuable con-
mrratioh or services as the Board of Di-
n1ors may determine. All capital stock
VI already issued shall be issued at such
me and upon such terms and conditions
nne Board Of Directors shall determine.
sosct to legal requirements. All stock
nH De fully paid and worcestershire and
uansfer Of stock shall be binding upon
" company unless recorded upon the
vnpanys books, and prior lien on all
nafs OF stock shall be retained by this
~pofauon on the stock of any shareholder
mny Indebtedness secured or Unsecured
Ssssef, evidenced or created. due at any
le 70 the corporation by the holder of
nock, and all transfers of stock shall
nade subject to these conditions.
W martholder Of the company shall at
une offer for sale or sell his stock,
a1red or common, either privately or
nc open market without having previ-
ny offered said stock at its book value
= me other stockholders of this company
hehs OF written communication adj
eo 10 the ranking officer Of the COM
present In the City of New Orleans
49, ume. Such ranking officer, upon
rsyt q such communication. shall, with
Gays Of the date of such offer mail
~, sen notice addressed to each stock
49, " me company at his last known
~ stating the number and char
shares SO offered and the price
Failure by any stakeholder to
within ten days of the date of said
r sacation shall be considered as a
On his part to purchase any of
% offered. should the number
~ which various stockholders in
AID notice signify their desire to
Ss-s exceed the number of shares thus
hS-sss sacn offered shares shall be dis
GxsN the prospective purchasers in
p0f1ons as the Board of Di-
i1dS~ esem best. Should said stock
ei~,s .ake any sale in violation Of this
SrS me shall be null and void. Each
~ ~ common stock shall entitle the
- rsof to cast one vote either in
ns1i.. ~ proxy, at all stockholders