The herald., 1920-02-19
AMENDMENT TO CHARTER OF THE
Worries BAKING COMPANY.

n
Worries BAKING COMPANY.
United States of America.
State of Louisiana,
Parish of Orleans,
CITY of New Orleans.
RE 1T KNOWN, That on this twenty
seventh day of the month OF January, IN
the year of our Lord, One Thousanu
Nine Hundred and Twenty and OF the
Independence of the United States OF
America, the One Hundred and Forty
BEFORE ME: WILLIAM ALEXAN-
DER BELL, n Notary Public duly com
missioned and qualified in and for the
Parish and State aforesaid, therein re-
siding, and in the presence or the witness
es hereinafter named and undersigned;
| PERSONALLY CAME AND APPEAR
| ED: Allen L. Worries and Robert 5.
Brown, both of age, residents of the CITY
of New Orleans, President and Secretary
respectively of the Worries BAKING COM
/ 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
/ stockholders of said company heid In
the City OF New Orleans, on the 2Ith
day OF January 1920, a certified copy OF
| said resolution, being hereto annexed
| and made part hereof:
WHO DECLARED. That at meeting
of the stockholders of the Worries Bakins
Company, regularly held at the office OF
the said company, at its dOmicile. in the
| City of New Orleans, on the 2ith DAY
of January, 1920, which meeting Was
| duly called after proper notice ana IN
| compliance with resolution of the
Board of Directors of said company pass
ed on the 10th. day of January, ls2O, a
certified copy of which resolution is al
so hereto annexed for reference, 1t was
unanimously resolved by those present at
said stockholders meeting, holding and
voting in person or by proxy more than
three-fourths of the outstanding stock
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 wit
ARTICLE ".
The Capital Stock of this corporation
is hereby fixed at THREE HUNDRED
THOUSAND DOLLARS, $500. O00.O0l. di-
yided into, or represented by THREE
I THOUSAND SHARES Of the par value
each. which shall be paid for at such
times in such manner, and in such
amounts as the Board of Directors may
require. and such stock may be issued
for cash paid to the company, or proper
. ty conveyed, or labor done for 1t. Sucf
stock shall consist of two different class
, es Of issue, one thereof to be known al
the PREFERRED STOCK and the othel
5 SECTION 1.-The amount of PAID
Preferred Stock is fixed at the sum o
ONE HUNDRED THOUSAND DOL
: LARS (s10o0oooo), divided into or repre- r.,
e OF ONE HUNDRED DOLLARS &1O0.
OO each. The Preferred Capital stool
e shall be entitled to receive, when and a
= declared. from the surplus or net profit
} of the Corporation. yearly dividends
\ such rate up to, but not exceeding sew
: en- ca per centum per anum, payable an
:: nually in such installments as the Boar
e of Directors may declare. The dividen'
o ON the Preferred Stock shall be cumnla
= tive and shall be payable before any divi
e dends on the Common Stock shall be PAL
or set apart so that. If in any year. diyi
: dends up to. but not exceeding seven q
s per centum per anum shall not have bee
s paid thereon, the deficiency shall be paw
o able before any dividends shall be pal
: upon or set apart for the Common Stocl
8 Whenever all cumulative dividends M
J. on the Preferred Stock for all previou
l. years shall have been declared and sha
IT have become payable. and the accure
l. interest for the current year shall hav
d been declared. and the Company sha
IS have paid such cumulative dividends 70
previous years. or shall have set asid
from its surplus or net profits SUI
n sufficient Cor the payment thereof, tn
J. Board of Directors may declare dividend
y on the Common Stock, payable then. G
" thereafter out of any remaining surplu
If or net profits.
l. In the event of any liquidation or di:
e tary or involuntary, of the Corporation
d the holders of the Preferred Stock sha
it be entitled to be paid In full. both tn
X par amount of their shares and the M
he any amounts shall be paid to the holder
s. of the Common Stock, and after I'll
/ payment of the holders of the pr
soef of ts par Siue tnsr
he on, the remaining assets and funds sha
be divided and paid to the holders of ii
IN Common Stock according to their respec
&c I've shares.
SECTION 1.-THE Common Stock
IN this Corporation is hereby fixed at Il
Of sum Of TWO HUNDRED THOUSAN
tx DOLLARS $500. 100000 divided into
OF ONE HUNDRED DOLLARS HlOt
rs 0O) each, and shall be entitled to div
ed dends and to shares In the assets ar
OK funds of this Corporation only in Il
ed manner prescribed ir Section / hereS
on and in no other way. Both classes
n stock shall vote on an equality in 8
elections for Directors and otherwise.
ne SECTION III.-No Stakeholder of til
nd Corporation shall sell or dispose Of b
al stock without first offering same 4
10. sale in writing to its Board of Director
lal which shall have the first option to pu
Its chase same at the book value thereo
and should said Board fail or refuse
nd purchase said stock within thirty g
an days from the date of such offer, Z
all stakeholder offering said stock may oil
re- pose of same to any person whatsoev'
A. Transfers of stock shall not be reco
he nized until such stock Is transferred
r. the books of the company by the own
is. of said stock or by his duly authoriz
.ee agent. Separate Stock-Books and Stoc
OF Registers shall be kept for each Of {
a, said classes of Stock"
he NOW THEREFORE,, in order to car
he out the objects and purposes Of said stoc
10 holders meeting and to clothe the sa
RS amendment in proper form and to 81
de 1t legal force and effect, the said a
ne bearers do now declare and hereby ma
Is known that the charter of the vori
Baking Company has been changed,
!. tered and amended, in the manner a
ne form herein above set forth, and tn
ny u, do hereby authorize and require that
I'll foregoing act Of amendment be duly
ny, ne corded and published according to la
ne THUS DONE AND PASSED at my
a., flee in the City of New Orleans. Sta
~, Of Louisiana. on the day, month a
he year first above written, in the preseI
ne of Messrs. Allen II. Worries and Carl
III Friedricks competent witnesses who hs
as hereunto signed their names with \
"a Notary, after reading of the whole.
Original Signed: Allen L. vori
R. 8. Brown, Secretary.
nd Witnesses: A. HI. Worries; c. c. Fri'
Dr. richs.
ct i, the undersigned Recorder of Mo
er, cages in and for the Parish of Orlea
So State of Louisiana, do hereby cert
OF that the above and foregoing Act
m Amendment to the Charter Of the VO
ply les BAKING COMPANY was this
Try duly recorded in my office, In Be
or 1898, Folio, New Orleans, La, q
day Of January 1920.
ear SIGNED: Emile +. Leonard. Dy.
the A True Copy: WIN. A. BELL, Nots
Iuu ephS.