The herald., 1920-08-05
AMENDMENT TO CHARTER OF
DAMERON-PIERSON COMPANY i'm

AMENDMENT TO CHARTER OF
United States of America. State of Lou
Islaha, Parish of Orleans, City of New Or
leans. lie IL known, that on this 18th DAY
ana nine hundred and twenty IIg2O) and
or the Independence of the United States
OIL america, the one hundred and forty.
.ouIth. Del0re me, Walter h. LeyeriCh. n
Notary Public, duly mmisSioned and
Qualified, in and for the Parish OF Orleans,
state or Louisiana, therein residing and
IN the presence of the witnesses herein
AFTER named and undersigned, personally
came and appeared Frank Cameron of m,
full age OF majority and a resident of this
city. herein appearing and acting as Pres
majority, and resident of this CITY
ldent. and j. IL. Eaton, of the full age of
herein appearing and acting as Secretary
OF cameron PiersOn Company, Ltd, who
ueclhred that at general meeting of the
stockholders OF the cameron PierSOn Com
pany, Ltd, a corporation created under
the laws OF the State of Louisiana. as per
act OF incorporation executed before Will
nam L. brewer, Notary Public I'm this
city, on February /, 1904. and registered
in the Mortgage Office of this CITY. i'm
Book Isl. Folio l4S. as amended by act be-
iore Felix j. PUG, a Notary Public. in
this city, on July j., 1912. and registered
IN the Mortgage Office of this city in Book
lU0 Folio 3Oi, was convened at its dOmi-
Gle at the corner of Natchez Alley and
v.
1920 after due notice of said meeting had
been given by publication in the Algiers
Herald, newspaper published in the City
OF New Orleans, after thirty days prior
notice given aforesaid and by thirty
DAYS written notice mailed to each stock
holder. That both said notices. the one by
publication and the one by writing
mailed to each stakeholder. set out tn,
same purpose and objects, as we'll as the
time and place of said meeting: that the
same had been called to determine whether
or not the charter of said corporation
should be changed, altered or amended
That on the 2ith day of June, 1920 said
general meeting of stockholders was held
at its domicile aforesaid, and there were
present or represented the holders and
owners of 500 "a shares, which represent
and constitute all of the common capital
stock of said corporation. That at said
meeting II was unanimously resolved ana
voted by the holders and owners of said
S69 ia shares, which represented the en-
tire common capital stock of cameron
Pierson Company, Limited: That sal
Article III of said charter be altered and
amended so as to read as follows:
ARTICLE 1.-THE capital stock of sale,
corporation Is hereby fixed at the sum of
two hundred and forty thousand Cs24O.-
OOO0O) dollars. divided into and represented
by twenty-four hundred (2400) shares of
the par value of one hundred ($10000D dol
lars each. The said stock shall consist of
and be issued as two different classes; the
first thereof shall be known as the First
Preferred stock and the second as the
Common stock.
Section 1. The amount of the First Pre-
ferred stock is fixed at the sum of forty
thousand (S40,O0000) dollars, divided into |
and represented by shares of par value |
Of one hundred (S1O0OOl dollars each. The |
First Preferred stock shall be entitled by |
preference and priority over the Common |
stock of this corporation, to dividends in |
each and every year at the rate of seven |
tipn) per cent per annum, payable out of
the profits. Such dividends shall be cum '
ulative limited to seven (7G6) per cent per |
lnnum and the first preferred stock shall |
be entitled to no other or further share in |
the profits except as hereinafter provided. |
All payment of dividends on the said first i
preferred stock shall be without deduction |
for any tax or taxes which by any present |
laws or future laws of the United States, /
Or of the State of Louisiana, may be pay
able or in respect to the said dividends for |
state, municipal or other pur-
poses; said corporation hereby agreeing |
to pay such tax OF taxes which it or the |
said stockholders may now or hereafter be |
required by any such law to pay or retain |
thereupon. In the event of any dissolution |
Or liquidation or winding up, whether vol |
1ntary or Involuntary, of this corporation, |
the holders of the first preferred stock |
shall be paid in full by pref. renee over |
the common stock holders the par value |
Of their shares, together with the divi- |
iends, at the rate of seven (IGo) per cent |
10 date of said liquidation. The Board of |
Directors shall have authority by not less |
han two-thirds affirmative vote of the |
days notice of intent so to do, the whole |
DR. any part of the outstanding first pre- |
ferred stock upon paying to the holders of /
he same one hundred and five and O/i00 |
lSlO0.OOl dollars per share and all due /
or IL the said holders are un-
known, or refuse to receive the same to |
deposit the amount due to them in any
solvent bank in the City of New Orleans.
notifying the holder Of record Of said de-
)osit, by registered mail at his last desig
lated address, or, II he has not designated I
my address. at the General Delivery In
New Orleans, such deposit shall put the
'aid sum at the risk of the former stock
holder and shall terminate In full the in
crest of the former owner thereof in the
company OF his claim against 1t, insofar
Is IL arises from said share. In case the
}oard of Directors should determine to re-
ire only portion of the said preferred
took, the portion SO retired shall be dis
ecord of said class of preferred stock,
ach holder having the same percentage
# his holdings retired, provided that if the
percentage of the holding of any stock
folder should be a fractional share Of the
corporation shall have the option of retir-
ng one share less than the fraction or one
nore than the fraction
SECTION 2-The amount Of said com
non stock is fixed at Two Hundred Tho
and ($200O00.00) Dollars, divided into or
represented by two thousand t20OO) shares
4 the par value of One Hundred (S10O.00)
dollars each, and shall be entitled to such
ividends as may be declared by the Board
{ Directors. subject to the provisions of
ection i hereof. and not otherwise. The
aid common stock shall in the event of
ny liquidation or dissolution or winding
y, whether voluntary or involuntary, of
his corporation be entitled to the entire
esidue of the assets of this corporation,
fter the payment of the amounts accruing
0 the holders of the first preferred stock, |
D accordance with Section 1 hereof.
All voting rights of this corporation
hall be vested exclusively in the com mon
took at all elections Of Directors or other
rise.
Separate stock books and stock registers 1