The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-14
CHARTER.


.-yLoTI1 ,bore no d.f,uIt in the paw
mont Of any dividend of said first pre-
f.rrrd stock. or should the corporation
drfiulf i'm rho retirement of said ten (lOrr }
p,r cont of Tho first prcfcrrcd stock in any
wear and said default continue for thirty
ism DAYS after written demand on this
rorror,ti,n then the voting power shall be
diy.-r.J from the common or any other
class or classes of stock and shall immrdi-
atrIv become. and during such default re
main. vested in the holders Of the hrsi
preferred STOCK 'E,iuHN'lN' anu lur .'i III u,
of the directors OF th' ,oIp"r"''o" ln'" ~
One" SNAIL IHlH'ulil'lN ''">'' anu W.,
varanri"> may 10" hilrd 10y /" m3J"tllE oI
10" h"I''f> col ."' mrs, 'i''''u
In III" event OF the IHHl"''I"h' uIN>"i"
non or "I"'lh- UP OF '1I -"' p'' ~ I'm ~.
," I'm r,,r..,s seventy fi,,
,--' Nv ,,..,,r nr ,.it outstanding first
w. III ~ .Eau NV. HON rrtir.dt
t.,'' 80 - ~, ,I..t 80 rrrIbrr of Ii1rii-
I,. nj o., fr. r,ur.r.r of IiIrIiG.rpr-
rr,rrrd hy all the other stockholders
should seventy -iiyr l7I.,D per cent cor
more. Of such first preferred stock have
been retired af the time. said urSt pre-
frrrrd stock shall have the right fu elect
one ont OF three lVuidHtor~. Whenever
The first preferred stock shall have been
paid aud retired In full in principal and
dividends then il shall 40 longer be IN
Titled TO uay. amy Iiquidulor or Euuidatur~.
aud any such liquidHtor or hGuIdatur>
shall fh,r,IrUn immediately RES IN.
..r., .r.. ,.,...,., ,f ,r. Ii,ri5.tinn riSs,Iu-
ri,' ar y.ir,iir,. mn Of ri. rnrporltiou i'm
l,rblf.,rr manner or from NEaf.yrr cause
IN, holders Of the first preferred stock
shall hv paid in lull the principal and all
dividends accrued 10 dat" of payment lu
Ur,trr,ur" and priority. after which "a"
entire remainder of the assets shall be-
distributed among the holders OF the com
mon stock.
Neither rh" capital nor IN" capital
stock of the corporation tyN,"pt TIA" first
ur,frrrrd stock shall bee de. rraScd with
ont "a" consent OF thr"" i"uFthN o. 49, OF
me outstanding HFNl pT'i'TF'u N'"'h'
subject 20 the above provisions. tn"
entire voting power shalt be- vested in the
common stock of the corporation.
..Th. stock of this roruoryi'on can be-
t-arsf.-rrd only on IN. hooks Of the com
r,..r,y ,rhia.t =, ,u.b r,..,Il,riopS and
TorrI,,irs.s as may bv tho Eolrd Of III
r-.r,r. iron, tin.r In linn. he provided
~ o''''.'' ''l.''1' - VI - n,, ~,
P"I"'I"" may n' '"' It.H," 10 H''uU'V 80,
| a'i o '"" pI'i'I'tt ,"p.'Hl S'o. 20 -,
N""" prov 'u'd 'HI' N"'n lH,I'"s'I SUI, a.
81 r.'"'I -. >;'iI Nv ~ n, an u.
prrf..rr..J stock herein authorized to be- is
sud md rro,id.d further that ,hould any
parr of any said yJditinugI preferred
FOL. h.. i..rol tho ,,uIa shall n, issued
and d,.,irn,trd ,s second prrfprrrd stock
.nJ tn, ,.r,ifr.tas If .tnrt SHAH on fb.ir
f.rr Indicate tbat said stock is sIbordi.
nats IA Tho rirhts and nriyilerrs of m.
| $40. OUOOO Of outstanding preferred stock.
! ..rb. rorprDo,, Stockholders shall nor dis
| pose of their stock individually unless
Unanimously agreed upon except as 4
who'll. and to an outside corporation OF
lHdlNlIuaI without personal interest o'
any oil IN" holders thereof
| As thus amended this Article super,
! sed"~ Artirl" -Four of the charter as orig
| inally adopted and any amendments there,
| to-"
Said appearerS declare that they wer,
duly elected as the Chairman and Secre-
tary respectively Of SAID meeting and Were
| DN sald meeting authorizes 10 'trIlS &c
Sald proceedings ana authorized ana III
r,ft"d |" MAKE an au'hth'l, ho'drlaI ''.'