The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
AMENDMENT TO CHARTER OF GILL
MOTOR TRUCK COMPANY. INC.

United States of America. State of Lou
lsiana, Parish of Orleans. City of New Or
leans. BE il known. That on this twenty
seventh day of the month of March, in the
year OF our Lord, one thousand nine hun
dred and twenty. and of the independents
OF the United States of America the one
hundred and forty fourth. before me Der
nard j. DAILY, Notary Public, duly com
miSSiOned and qualified, i'll and for the
Parish of Orleans, State of Louisiana and
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared !D Archibald l.. Dix
on, individually and as the proxy of
Thomas Dixon, said Archibald l.. Dixon
being the duly elected aud qualified Pres
ident of the Gulf Motor Truck Company.
Incorporated. C2J Mrs Ruth VI. Young
wife of Archibald l.. Dixon. herein duly
aided, assisted and authorized by her said
husband, and CD James Hill. Jr., who de
clared that. collectively, they own more
than two-thirdS of the entire outstanding
capital stock. of all classes, in the above
named corporation; that on the 3rd day
of March, 1920. pursuant to Il call issued
TO all the stockholders of the said cor
pOratlon, in accordance with the terms and
provisions of the original act of incorpOra-
ton OF the above named company, and the
laws of the State of Louisiana, a special
meeting of the stockholders of the said
corporation was held at its office and
domicile, No AS Baronne street. in this
city. whereat by vote of more than two
thirds of the entire outstanding capital
resolution was adopted, authorizing the
amendment of Article of the original
act of incorporation of the said company.
as follows. duly certified copy of which
resolution is attached hereto as part
hereof:
ARTICLE IV.-WhereaS. the capital
stock of the said Gulf Motor Truck Com
pany, Incorporated, fixed by the Origi-
nal articles of Incorporation. is fixed at
ten thousand dollars (S1O,OO0OO). divided
into one hundred shares. of the par value
of one hundred dollars (S1O0OO) each and
Whereas. the said corporation has per
manent property and assets, of the value
of twenty-seven thousand. six hundred
thirteen and 90 400 dollars ($27,6l3. so,
which is represented by cash. amounting
to twelve hundred seventy-one and 9S 100
dollars (Sl2I19S), and the balance by
merchandise. bills receivable and 1T cetera
as will more fully appear by duly Ger
titled statement, hereto annexed as part
hereof; and
Whereas. it is desired, in accordance
with the said resolution, to enlarge and
extend the business of the corporation.
and that the stock of the corporation be
also increased, the said appearers further
declared that the capital stock of this cor
poratiOn shall be. and is hereby increase
from said sum of ten thousand dollars
(SlO,OOO) to the sum of one hundred thOuS-
and dollars ($1O0OO0). of which seventy
five per cent shall be common stock and
twenty five per cent preferred stock. The
preferred stock is guaranteed a seven per
cent dividend per annum, and after the
common stock has received seven per cent
the preferred stock will share in the
naming profits. by giving sixty days
notice prior to the end of the year the
preferred stock can he recalled at one
hundred five dollars (S105.OO) per share.
The preferred stock shall have no voting
power.
In accordance with said resolution
the said appearers further declared that
all of said stock shall be divided into one
thousand shares of the value of one hun
dred dollars each: and that the said
amount of increased capital stock shall be
distributed among the existing StOckhOld-
ers, pro rata, as stock of dividend, at
the following ratiO:' Each share of the
original stock to be turned in to the cor
pOratiOn. and the holder thereof given in
lieu 2.I61353 shares in the corporation. in
accordance with the new capitalization.
And the said appearprs further declared
that the Directors of this corporation. and
its proper officers. are hereby empowered.
authorized and directed. to issue to the
existing stockholders the said increased
stock. in the proportion above mentioned.
and that the said Board of Directors and
proper officers of this corporation be and
are hereby authorized the said increas !
capital stock in extending and charging
the business of the corporation.
Thus done and passed In my office, in
the City of New Orleans. aforesaid, in
the presence of Messrs. Frank T. Echeza-
bal and Walter p. Hamlin competent wit
city. who hPreunto subscribe their names.
together with said appearers and me. No
tary. on the day and date set forth in
the caption hereof.
Original signed.) A. l.. Dixon, r. NJ.
Dixon. James Hill. Jr.
Witnesses: W. B. Hamlin. Frank T.
Echezabal.
BERNARD J. DAILY. Not. Pub.
I. the undersigned, Recorder of Mort
cages. in and for the Parish of Orleans.
State of Louisiana. do hereby certify that
the above and foregoing act of amendment
Of incorporation of the Gulf Motor Truck
Company, Incorporated. was this day duly
recorded in my office in Book 1912, Folio
-
New Orleans March 31st. 1920.
(Signed) EMILE J. LEONARD, n. r.
A true copy of the original, on file and
of record in my nOtarial office.
BERNARD J. DAILY. Not. Pub.
(Seal) Apr. SHAY II