The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-12
CHARTER.
my office, in Book 1898. Folio Sls,, N
o. Jan. 10. 1920.
by. r.
A true copy Of the original.
GEORGE j. UNTEREINER.
Jan 29-Mch. 4. Notary Pubic.
AMENDMENT TO CHARTER OF THE
WORRIES BAKING COMPANY.

Jan 29-Mch. 4. Notary Public.
AMENDMENT TO CHARTER OF THE
1 YORIES BAKING COMPANY.
| United States of America.
State of Louisiana,
| Parish of Orleans,
| City of New Orleans.
BE IT KNOWN, That on this twenty
seventh day of the month or January, IN
| the year of our Lord, One Thousand
Nine Hundred and Twenty and OF the
| Independence of the United States OF
America, the One Hundred and Forty
Fourth.
BEFORE ME: WILLIAM ALEXAN-
DER BELL. Notary Public duly COM
missioned and qualified in and for the
Parish and State aforesaid. therein re-
siding. and in the presence Of the witness
es hereinafter named and nnderSlgned;
PERSONALLY CAME AND APPEAR
ED: Allen l.. Worries and Robert 3.
Brown, both Of age, residents Of the City
Of New Orleans, President and Secretary
pany, and herein appearing and acting
in their respective capacities, by virtue
of the authority in each of them vested,
under a resolution of meeting OF the
the City OF New Orleans, on the eth;
day Of January 1870, certified copy OF
said resolution. being hereto annexed
and made part hereof;
WHO DECLARED. That at meeting
of the stockholders of the Worries Baklns
Company, regularly held at the office of
the said company, mt its dOmicile, in the
City of New Orleans, on the 10th. day
duly called after proper notice and In
compliance with resolution OF the
Board of Directors of said company pass
ed on the 10TH day of January. 1920, a
certified copy of which resolution is al
so hereto annexed for reference, II was
unanimously resolved by those present at
said stockholders meeting, holding and
voting in person by proxy more than
| thr... an ri his nf thn nfstn
of said company. that ARTICLE ~, OF
the charter of the said company be amend
! ed so that said article will hereinafter
read and be as follows, to witt
ARTICLE ".
: The Capital Stock of this corporation
is hereby fixed mt THREE HUNDRED
THOUSAND DOLLARS, (S300.0O0.0Ol. di-
vided into, or represented by THREE
THOUSAND SHARES of the par value
of ONE HUNDRED (SlO0O0 DOLLARS,
each. which shall he paid for at such
times i'm such manner; and In such
amounts as the Board Of Directors may
require. and such stock may he issued
for cash paid to the company. or proper
. ty conveyed. or labor done for IL. Such
es Of issue. one thereof to be known as
the PREFERRED STOCK and the other
as the COMMON STOCK.
SECTION 1.-The amount of paid
ONE HUNDRED THOUSAND DOL
LARS $500. OOOOO), divided into or repre-
scented by ONE THOUSAND SHARES
: OF ONE HUNDRED DOLLARS $780,
: OO) each. The Preferred Capital Stock
shall be entitled to receive, when and rs
declared, from the surplus or net profits
, of the Corporation. yearly dividends a:
such rate up to, but not exceeding sew
: en- tIl per centum per annm, payable an
nnally in snch installments as the Boarf
E of Directors may declare. The dividend
, on the Preferred Stock shall be cumula-
= tive and shall be payable before any divi-
dan N h.a (0mm0n Stack Shalt no neid
or set apart, so that. IL in any year, divi-
: dends up to. but not exceeding seven "a
$ per centum per anum shall not have been
S paid thereon. the deficiency shall be paw
, able before any dividends shall be paid
: upon or set apart for the Common Stock.
: Whenever all cumulative dividends mp
on the Preferred Stock for all previous
years shall have been declared and shall
r have become payable. and the accured
interest for the current year shall have
! been declared. and the Company shall
$ have. paid such cumulative dividends for
previous years. or shall have set aside
from its surplus or net profits sum
n sufficient Tor the payment thereof. the
: EOard of Directors may declare dividends
on the Common Stock. payable then. az
Z thereafter out of any remaining surplus
( or net profits
: In the event Of any liquidation or dis
' solution or winding up, whether volun-
4 the holders of the Preferred Stock shall
i be entitled to be paid In full both the
( par amount OF their shares and the I'M
d paid dividends ACQUIRED thereon before
e any amounts shall be paid to the holder,
' of the Common Stock. and after tn,
J. payment of the holders of the pre-
= ferred stock of its par value and
Il the unpaid accrued dividends there
e on, the remaining assets and funds shall
be divided and paid to the holders of tn,
N Common Stock according to their respect
y i've shares.
SECTION 1.-THE Common Stock O
n this Corporation is hereby fixed at tn,
" sum of TWO HUNDRED THOUSAND
* DOLLARS. (S20O.0O0.OO) divided into o.
L represented by Tw0 THOUSAND SHARE:
rs 0O each, and shall be entitled to divi
d dends and to shares in the assets ant
X funds Of this Corporation only In tn
ID manner prescribed In Section I hereof
IN and in no other way. Both classes o
A. stock shall vote on an equality in al
elections for Directors and otherwise.
ne SECTION III.--No Stakeholder of thi
d Corporation shall sell or dispose Of hi
o. sale, in writing to its Board of Directors
nj which shall have the first option TO pur
Is chase same at the book value thereof
and should said Board fail or refuse I
ID purchase said stock within thirty $50
IN days from the date Of such offer, tn
mi stakeholder offering said stock may dis
e. pose Of same to any person whatsoever
A. Transfers of stock shall not be recog
ne nized until such stock is transferred o
r the books of the company by the owne
:. of said stock or by his duly authorize
pe agent. Separate Stock Books and Stock
Of Registers shall be kept for each of tn
Is said classes of Stock"
le NOW THEREFORE,, in order to carr
ne out the objects and purposes of said stock
10 holders meeting and to clothe the sal
r. amendment in proper form and to Civ
Is Ii legal force and effect the said ap
Ne bearers do now declare and hereby max
- known that the charter Of the vorie
Baking Company has been changed, al
M tered and amended, in the manner an
!, form herein above set forth, and the
N do hereby authorize and require that tn
no foregoing act Of amendment be duly re
40 corded and published according to Law
IN THUS DONE AND PASSED at my OF
n, flee In the City of New Orleans, Stat
no Of Louisiana, on the day, month an
no year first above written. In the presenc
I'm of Messrs. Allen II. Worries and Carl {
no Friedricks competent witnesses who hay
- hereunto signed their names with nm
:. Notary. after reading of the whole.
Original Signed: Allen l.. yorfe
r. s. Brown, Secretary.
"a Witnesses: A. ii. Worries; c. c. Fried
r richs.
I I. the undersigned Recorder Of Mort
r. cages in and for the. Parish of Orlean
o. State of Louisiana, do hereby certif
OF that the above and foregoing Act {
n Amendment to the Charter of the VOF
" les BAKING COMPANY was this da
~ duly recorded I'm my office. in Boo
r 1893. Polio, New Orleans, La, s27tl
day of January 1920.
ar SIGNED: Emile J. Leonard. by.
he A True COpy. WM A REII. NOtar