The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-26
CHARTER.
my office. In Book 1928. Folio Sls.. N.
Emile J. Leonard.
by. n.
A true copy Of the original.
GEORGE J. UNTEREINER.
Jan 29-Mch. 4. Notary Public.
AMENDMENT TO CHARTER OF THE
WORRIES BAKING COMPANY.

/
| Jan 29-Mch. 4. Notary Public.
| AMENDMENT TO CHARTER OF THE
! VORIEs BAKING COMPANY.
| United States Of America.
State Of Louisiana,
| Parish of Orleans,
City of New Orleans.
BE 1T KNOWN, That on this twenty
| seventh day of the month of January, In
the year Of our Lord, One Thousand
! Nine Hundred and Twenty and or the
Independence of the United States OF
America, the One Hundred and Forty
BEFORE ME: WILLIAM ALEXAN-
DER BELL, a 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 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 resolution of a meeting OF the
stockholders of said company, held IN
the City, Of New Orleans, on the 9TH:
said resolution, being hereto annexed
and made part hereof;
| WHO DECLARED, That at a meeting
of the stockholders of the Worries Baking
t.oiupdHss regularly ~ thc OAiiNc VI
the said company, at its domicile. in the
City of New Orleans, on the 9th day
of January, 1920, which meeting was
duly called after proper notice and in
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, 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 witt
ARTICLE ~.
The Capital Stock of this corporation
is hereby fixed at THREE HUNDRED
THOUSAND DOLLARS. $500. 000.O0l, di-
yided into, or represented by THREE
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 it, Such
stock shall consist of two different class
es of issue. one thereof to be known as
the PREFERRED STOCK and the other
, az the COMMON STOCK.
SECTION 1.-The amount of paid
Preferred Stock is fixed at the sum of
ONE HUNDRED THOUSAND DOL
/
= scented by ONE THOUSAND SHARES
OF ONE HUNDRED DOLLARS ($100..
e 00) each. The Preferred Capital Stock
shall be entitled to receive, when and as
e declared. from the surplus or net profits
: of the Corporation, yearly dividends a:
such rate up to, but not exceeding sew
u en- (Ie per centum per anum, payable an
: nually in such installments as the Board
4: of Directors may declare. The dividend
e on the Preferred Stock shall be cumula
0 tive and shall he payable before any divi-
: dendS on the Common Stock shall be paid
e or set apart, so that. IL in any year, divi-
1; dcnds up to. but not exceeding seven "a
: per centum per anum shall not have beer
$ paid thereon, the deficiency shall be pay.
$ able before any dividends shall be paid
o upon or set apart for the Common Stock
Whenever all cumulative dividends mp
3 on the Preferred Stock for all previous
: years shall have been declared and shall
have become payable. and the ACQUIRED
r interest for the current year shall have
: been declared, and the Company shall
q have paid such cumulative dividends for
3 previous years. or shall have set aside
sufficient for the payment thereof. the
q Board of Directors may declare dividends
: on the Common Stock, payable then, OF
, thereafter ont of any remaining surplus
4 or net profits.
Z In the event Of any liquidation or dis
: solution or winding up, whether vOlun-
' tary or Involuntary. of the Corporation
e the holders of the Preferred Stock shall
4 be entitled to be paid in full, both the
I par amount of their shares and the I'M
k paid dividends accured thereon before
d any amounts shall be paid to the holders
e Of the Common Stock, and after the
: payment of the holders of the pre-
: ferred stock of lis par value and
r the unpaid accrued dividends : there
d on, the remaining assets and funds shall
e he divided and paid TO the holders Of the
Common Stock according to their respect
n i've shares.
. SECTION 1.-THE Common Stock OF
this cSrp9ration Is heFs6y fixed at q,
4 DOLLARS ts2Oo oOOOOl divided into o.
K represented hy TWO THOUSAND SHARES
i OF ONE HUNDRED DOLLARS $500.
O0) each. and shall be entitled to divi
8 dends and to shares in the assets and
d funds of this Corporation only in the
L manner prescribed ir Section / hereof
d and In no other way. Both classes o.
!. elections for Directors and otherwise
SECTION III.-No Stakeholder Of thi
10 Corporation shall sell or dispose Of hi
d stock without first offering same fol
). which shall have the first option to pur
II chase same at the book value thereof
8 and should said Board fail or refuse Il
purchase said stock within thirty go
n stakeholder offering said stock may dis
II pose of same to any person whatsoever
y Transfers Of stock shall not be recog
i nized until such stock is transferred OF
e the books Of the company by the owner
; of said stock or by his duly authorized
!. agent. Separate Stock Books and Stock
= Registers shall be kept for each of tn,
4 said classes of Stock"
a NOW THEREFORE,, in order to carr,
9 out the objects and purposes Of said stock
q holders meeting and to clothe the sait
o amendment in proper form and to Civ
a IL legal force and effect, the said ap
Is bearers do now declare and hereby maxi
e known that the charter Of the Worries
y Baking Company has been changed, al
tered and amended, in the manner ant
ell form herein above set forth, and thel
v do hereby authorize and require that TIT
II foregoing act of amendment be duly re
e corded and published according to law
e THUS DONE AND PASSED at my Of
II flee in the City of New Orleans, Stat
n of Louisiana, on the day, month ant
e year first above written, in the presenc,
q of Messrs. Allen III. Worries and Carl c
n Friedricks competent witnesses who hav
e hereunto signed their names with me
, Notary, after reading Of the whole.
: Original Signed: Allen l.. Worries
r. s. Brown, Secretary.
d Witnesses: A. III. Worries: c. c. Fried
; richs.
!! 1, the undersigned Recorder Of Mort
:. cages in and for the Parish of Orleans
}. State of Louisiana, do hereby certif!
u that the above and foregoing Act o
i Amendment to the Charter Of the VOR
v les BAKING COMPANY was this da!
v duly recorded in my office, in Bool
: 1898, Folio, New Orleans, La, 9th
day of January 1920.
r SIGNED: Emile J. Leonard. Dy., r