The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-22
AMENDMENT TO CHARTER OF
DAMERON-PIERSON COMPANY, LTD.

United States of America State of Lou
iSiana, Parish of Orleans. City of New Or |
leans BE il known, that on this 18th day
of June, in the year of our Lord one thouS-
and nine hundred and twenty $500. and
of the Independence of the United States
of America the one hundred and forty
fourth, before me. Walter X. LeveriCh. a
Notary Public. duly commissioned and
qualified. i'm and for the Parish of Orleans
State of Louisiana, therein residing, and
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared Frank Cameron, of the
full age OF majority and a resident of this
city. herein appearing and acting as Pres
majority, and resident of this city.
ident, and j. Il. Eaton. of the full age of
herein appearing and acting as Secretary
of Cameron PiersOn Company, Ltd. who
declared that at a general meeting of the
stockholders of the -Pierson Com
pany, Ltd: a corporation created under
the laws of the State of Louisiana, as per
act of incorporation executed before Will
liam p Brewer, Notary Public. in this
city. on February l, 1904. and registered
| in the Mortgage Office of this city, in
| Book Isl, Folio l4S, as amended by act be-
| fore Felix j. PUG, a Notary Public, in
this city, on July II, 1912. and registered
| in the Mortgage Office of this city in Book
1875. Folio 3O4. was convened at its domi-
| cile at the corner of NatcheZ Alley and
| Camp Street, in this city, on June oath.
| 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 priol
notice given as 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 the
| same purpose and objects, as well 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 oath day of June. 1920, said
general meeting of stockholders was held
ut its domicile aforesaid, and there were
present represented the holders and
owners of 500 3-4 shares, which represent
and constitute all of the common capital
stock OF said corporation. That at said
meeting 1t was unanimously resolved ana
voted by the holders and owners of said
500 3-4 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 sal,
corporation is hereby fixed at the sum of
two hundred and forty thousand (S24O.-
OO000) dollars. divided into and represented
by twenty-fOur hundred (2i00) shares of
the par value of one hundred (S100.00) dol
lars each. The said stock shall consist of
and be issued as two different Glasses; the
first thereof shall be known as the First
Preferred stock and the second as the
Common stock.
Section l. The amount of the First Pre-
ferred stock is fixed at the sum of forty
thousand ($iO,0O000) dollars, divided into
and represented by shares of par value
of one hundred (S10O.O0) 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
(lPo) per cent per annum, payable out of
the profits. Such dividends shall be cum
ulatiye. limited to seven (1%o) per cent per
annum 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
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
national, state, municipal or other pur-
poses; said corporation hereby agreeing
to pay such tax or taxes which 1t 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
untary or Involuntary, of this corporation.
the holdeS of the first preferred stock
shall he paid in full by preference over
the common stock holders the par value
or their shares, together with the divi-
dends at the rate of seven 7Gd) per cent
TO date of said liquidation. The Board of
directors shall have authority by not less
than a two-thirds affirmative vote of the
entire Board to retire after giving sixty
, days notice of intent so to do the whole
D or any part of the outstanding first pre-
1erred stock upon paying to the holders of
A the same one hundred and five and 0/l0O
: HIo9OOl dollars per share and all due
D dividends, or If the said holders are un-
known, or refuse to receive the same TO
o deposit the amount due to them in any
Y solvent bank in the City of New Orleans
$ notifying the holder of record of said de-
l. post, by registered mail at his last desig-
r mated address, or, if he has not designated
b any address. at the General Delivery IN
: New Orleans, such deposit shall put the
r said sum at the risk of the former stock
5 holder and shall terminate in full the in
I terest of the former owner thereof in the
!, company or his claim against it, insofar
: as II arises from said share. In case the
J. Board OF Directors should determine to re-
@ tire only portion of the said preferred
{ stock, the portion so retired shall be dis
trlDuted pro rata among the holders of
e record of said class Of preferred stock.
e each holder having the same percenta ge
Oh MS holdings retired. provided that If the
$ percentage of the holding of any stock
( holder should be fractional share of the
corporation shall have the option of retir-
ing one share less than the fraction or one
e more than the fraction.
$ SECTION 2.-The amount of said com
' mon stock is fixed at Two Hundred Tho
{ sand S2OO,OOO.OO) Dollars, divided into or
2 represented by two thousand (2OOOD shares
l OF the par value of One Hundred (SlOO OOl
. dollars each, and shall be entitled to such
J dividends as may be declared by the Board
2 OF directors subject to the provisions of
e section hereof. and not otherwise The
sald common stock shall in the event of
any liquidation or dissolution or winding
up, whether voluntary or involuntary, of
thls corporation be entitled to the entire
|, residue OF the assets of this corporation
AFTER the payment of the amounts accruing
, 70 the holders of the first preferred stock.
In accordance with Section 1 hereof
All voting rights of this corporation
shali De vested exclusively in the common
; wise. W
= Separate stock books ana stock registers