The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-15
AMENDMENT TO CHARTER OF
DANERON -PIER>D> COMPtNN LTD

United States Of America. STATE, OF Lon.
i>iana, Parish of Orleans. city Of New Or
leans. II" ii known. that on this 18th dan
Of June. in the year of our Lord on,. thuiIS
and nine hundred and twenty tlg2UI and
Of ia" Independence of the United States
Of America. tn" one hundred and forty
ionlth. hefor" me-. Walter n. L"v"rich
Notary Public. duly commissioned aud
qualified. in and for the Parish of Orleans
state of Louisiana, therein residing. amt
IN III" presence of the witnesses herein
after named and Undersigned. personally
came and appeared Frank cameron of IN.
full age of majority and resident of this
city. h rein appearing and acting A. Pres
majority, and 4 resident OF this city.
ldrnt, and j. Il. Eaton. of the full age Of
herein appearing and acting a. Secretary
of cameron PicrSon Company. Ltd. who
declared that at general meeting of the
stockholders Of the Dancron- pirr>"n Com
pany. Ltd. corporation created under
: the laws of the State of Louisiana. ~ per
act Of Incorporation executed before viii
liam =. Brewer. Il Notary Public. in this
city, on February |. 1901, and registered
in IN" Mortgage office of this city. in
, Book al, Folio liN as amended by act be
fore Felix J. PUG. Notary Public. in
! this city. on July L.. 1872. and registered
in the Mortgage office of this city in Book
1910, Folio 3Ui, WAS convened at its dOmi-
ellie AT the corner OF NatcheI Alley and
Camp street. in this city. on June 18th.
1920. after due notice of said meeting ha,
been given by publication in tn. AlgierS
Herald. newspaper published in the city
of New ORLEANS, after thirty days PRO
motto" 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 thu
same purpose and objects, as well a. the
/ time and place of said meeting; that the
I same had been called to determine whether
or not the charter of said corporation
/ should be changed. altered or amended
/ That on the oath day of June 1870. said
! general meeting of stockholders was held
at its dOmiCile aforesaid, and there wer.
present or represented the holders and
owners of SfS 81 shares, which represent
and constitute all of the common capital
/ stock of said corporation. That 1T said
meeting il was unanimously resolved ant
| voted by the holders and owners OF said
/ tire common capital stock of cameron
/ PierSOn Company, Limited: That sal
Article III of said charter be- altered aud
! amended so as to read as follows:
/ ARTICLE 1.-THE capital stock of sal
/ corporation il hereby fixed at the sum OF
! two hundred and forty thousand (S24O.-
/ OOOO0D dollars. divided into and represented
/ by twenty four hundred (2IOO) shares of
/ the par value of one hundred (SlOOWl dol
/ lars each. The said stock shall consist of
and be- issued aS two different classes; the
/ first thereof shall be- known a. tn" First
! Preferred stock and the second a. the
Common stock.
/ Section l. The amount of the First Pre-
| ferrrd stock is fixed az the sum of forty
/ thousand CS4O.tNOOOJ dollars. divided into
| and represented by shares of par value
of one hundred ($I0O.OOI dollars each. Tn,
| First Preferred stock shall be entitled 10y
/ preference and priority over the Common
| stock of this corporation. Ia dividends in
I each and every year at the rate of seven
/ (1Ct) per cent per annum, payable out OF
the profits. such dividends shall b" cum
/ ulatiyc, limited to seven iItCD per cent pei
! annum and the first preferred stock shall
be entitled to no other or further share il
the profits except - hereinafter provided
! All payment of dividends on tn" said frs
Jreferred stock shall be without deduction
for any tan or taxes which by any preScn
I laws or future laws of tn" Init"d states
| or of the State of Louisiana. may be pay
able or in respect to the said dividends TO
/ national state, municipal or other pur
poses; said corporation hereby agre"ins
To pay such tax or taxes which II or tn
said stockholders may now or hereafter 10
required by any such law to pay or retail
thrreupOn. In the event of any dissolution
or liquidation or winding up. whether vol
/. untary or involuntary. of this corporation
the holders of the first preferred StOcI
shall be paid in full by preference owe
the common stock holders the par Nalu
Of their shares. together with III" divi
dendS. at the rate Ot seven az per cen
to date of said liquidation. The Board u
Directors shall have authority by not les
than twO-thirds affirmative vote of III
| entire Board to retir" after giving SlNt
days notice of intent 50 TO do. the Who'll
, or any part of the outstanding FIRST pre-
ferrrd stock upon paying to the holders q
! the same one hundred and five and O/lu
I CSln5OOD dollars per share aud all du
dividends or If the said holders ar" I'm
known, or refuse to receive the same.
, deposit the amount due To- them in an
/ solvent bank in the city Of New brlean'
: notifying the holder OF record OF Sald d'
poSit by registered mail AT his last desig
> mated address, or, il h. has not designate
, any address. ut the General Delivery |
New Orleans. such deposit shall put IA
said sum AT the risk of the former st0cS
. holder and shall terminate in full the ~
terest of the former owner thereof IN I'll
company or his claim against it, in>Ofa
as il arises from said share. In case III
Board of Directors should detrrmln" to r.
> tire only portion of the sand preferrt
{ stock. the portion 50 retired shan be IN
70 tributed pro rata among the holders
- record of said class of preferred stoc
. each holder having the same percental
= of his holdings retired. provided that Il Il
: percentage of the holding of any Stocl
( EoIder should be Il fractional share OF u
f CORPORATION shall have the option Of retl
T. ing one share less than the fraction or oi
= more than the fraction.
: SECTION 1.-The amount of said con
y mon stock is fixed AT Two Hundred IN
II sand $500 OOOO) Dollars, divided into
p reprpsented by two thousand GOOD shar
d of the par value of One Hundred jSlOO
{. Dollars each and shall be entitled TO SUI
V dividends as may be declared by the Boa
p of Directors subject TO the provisions
e Section | hereof. and not otherwise. II
I said common stock shall in the event
IL any liquidation or dissolution or wlndli
I up, whether voluntary or Involuntary,
10 this corporation be entitled to the enti