The herald., 1920-01-29
CHARTER.
my office. in Book 1898, Folio 3lS., n
o. Jan. 10, 1920.
by. Il.
true COPY of the original
GEORGE j. UNTEREINER.
Jan Mich 4. Notary Public.
AMENDMENT TO CHARTER OF THE
WORRIES BAKING COMPANY.

AMENDMENT TO CHARTER OF THE
WORRIES 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 of the
Independence of the United States of
America, the one Hundred and Forty |
Fourth.
DER BELL, 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 :.
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.
day OF January 1920, certified copy of
said resolution, being hereto annexed
and made part hereof;
WHO DECLARED That mt n meeting
of the stockholders of the Worries Baking
Company, regularly held ut the office of
the said company. nj its dOmic1le In the
City of New Orleans. on the 10th. day
of January, 1920, which meeting WIS
duly called after proper notice and in
compliance with resolution of the
Board of Directors of said company pass
ed on the 10th. day of January, 1920.
certified copy of which resolution is al
so hereto annexed for reference, il was
unanimously resolved by those present at
said stockholders meeting, holding and
voting in person or by proxy more than
! tire -fourths of the outstanding stock
Inf LIE
| 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, O00.O0l. di-
vided into. or represented by THREE
! THOUSAND SHARES of the par value
of ONE HUNDRED $4,000 DOLLARS.
| 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
ty conveyed. or labor done for 1t. Such
stock shall consist of two different class
es of issue one thereof to be known as
the PREFERRED STOCK and the other
as the COMMON STOCK
| SECTION 1.-The amount of paid
Preferred Stock is fixed at the sum Of
ONE HUNDRED THOUSAND DOL
LARS $500 900 OO). divided into or repre-
sented by ONE THOUSAND SHARES
OF ONE HUNDRED DOLLARS $500.
O0) each. The Preferred Capital stock
shall be entitled TO receive, when and a,
declared. from the surplus or net profits
Of the Corporation. yearly dividends a;
such rate up to. but not exceeding sew
en- ca per centum per anum. payable an
nually in such installments as the Board
of Directors may declare. The dividend
on the Preferred Stock shall be cumula
tive and shall be payable before any divi-
dendS on the Common Stock shall be paid
or set apart. so that. il in any year, divi-
dends up to. but not exceeding seven "a
per centum per anum shall not have beer
paid thereon. the deficiency shall be paw
able before any dividends shall be paid
upon or set apart for the Common Stock
|, Whenever all cumulative dividends mp
on the Preferred Stock for all previous
years shall have been declared and shall
. have become payable. and the ACQUIRED
interest for the current year shall hav
been declared. and the Company shall
, have paid such cumulative dividends TO
previous years. or shall have set asid
from its surplus or net profits a sun
, sufficient for the payment thereof. tn
Board of Directors may declare dividend
on the Common Stock, payable then. /"
( thereafter out of any remaining suTplu
I or net profits.
. In the event of any liquidation or dis
, solution or winding up. whether volun
| the holders of the Preferred Stock shal
I be entitled to be paid In full. both tn
< par amount of their shares and the I'm
4 paid dividends ACQUIRED thereon befor
e any amounts shall be paid to the holder
: of the Common Stock, and after tn
: payment of the holders Of the pre-
r ferred stock of its par value an
4 the unpaid accrued dividends there
e on, the remaining assets and funds sha
he divided and paid to the holders of tn
n Common Stock according to their respect
. i've shares.
SECTION 1.-THE Common Stock
n this Corporation is hereby fixed at II
4 sum of TWO HUNDRED TH0USAN
k DOLLARS $500 OO0OO divided into
i represnted by TWO THOUSAND SHARE
OF ONE HUNDRED DOLLARS (S1OO
. OO each, and shall be entitled to div
d dends and to shares in the assets an
X funds of this Corporation only in Il
d manner prescribed In Section l hereo
n and in no other way. Both classes
l. stock shall vote on an equality in a
elections for Directors and otherwise
le SECTION III-No Stakeholder of tn
d Corporation shall sell or dispose OF h
II stock without first offering same II
o. sale in writing to its Board of Director
al which shall have the first option to pu
Is chase same at the book value thereo
and should said Board fail or refuse
a purchase said stock within thirty %
% days from the date of such offer, Il
n stoc kholder offering said stock may di
o. pose of same to any person whatsoeve
a Transfers of stock shall not be reco
). nized until such stock is transferred
. of said stock or by his duly authorize
;. agent Separate Stock-BoOks and Stoc
~ Registers shall be kept for each OF Z
:. said classes of Stock"
ne NOW THEREFORE,, in order to car
no out the objects and purposes of said stoc
D. holders meeting and to clothe the sa
20 amendment in proper form and to u
as 1t legal force and effect, the said
no bearers do now declare and hereby ma
~ known that the charter OF the vori
baking Company has been changed, I
tered and amended, in the manner al
he form herein above set forth, and tn
~ do hereby authorize and require that
eli foregoing act of amendment be duly ]
he corded and published according to La
ne THUS DONE AND PASSED at my
all flee in the City Of New Orleans, Sta
I'm of Louisiana. on the day, month a
ne wear first above written, in the preser
ne of Messrs. Allen III. Worries and Carl
IN Friedricks competent witnesses who ma
he hereunto signed their names with n
~ Notary, after reading of the whole.
X Original Signed: Allen l.. Vori
R. s. Brown, Secretary.
nd Witnesses: A. ii. Worries; {. Z. Fri'
It. I the undersigned Recorder of Mo
er, cages in and for the Parish of Orlea
So State of Louisiana, do hereby cert
OF that the above and foregoing Act
m Amendment to the Charter OF the W.
,ly les BAKING COMPANY was this
ry duly recorded I'm my office, In Bo
Dr. 1885, Folio, New orleans, La, -
day of January 1920.
,ar SIGNED: Emile J. Leonard ny.
he A True Copy: VIM. A. BELL, Not'