The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
AMENDMENT TO CHARTER OF THE
yORIES BAKING COMPANY.
United States Of America.

Jan 29-Mch. T. Notary Public.
.MEyDMENT TO CHARTER OF THE
WORRIES BAKING COMPANY.
United States of America.
State of Louisiana,
Parish of Orleans,
City of New Orleans.
RE 1T KNOWN, That on this twenty
seventh day of the month or 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
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 meeting OF the
the City OF New Orleans, on the 9th:
day Of January 1920, a certified copy OF
said resolution, being hereto annexed
and made part hereof:
WHO DECLARED, That at meeting
of the stockholders of the Worries Baking
Company. regularly held at the office OF
the said company, at its domlcile, In the
city of New Orleans, on the 10th. day
duly called after proper notice and in
compliance with resolution or the
Board of Directors Of said company pass
ed on the 10th. day Of January, l92o, 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
| Al he nf thn 1tStQn
| of said company, that ARTICLE ~, or
| the charter of the said company be amend
ed SO that said article will hereinafter
ARTICLE ~.
The Capital Stock of this corporation
is hereby fixed at THREE HUNDRED
THOUSAND DOLLARS. ($3oo OOOO0l; di,
| yided into. or represented by THREE
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
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
as the COMMON STOCK.
SECTION 1.-The amount OF paid
Preferred Stock is fixed at the sum OF
ONE HUNDRED THOUSAND DOL
sented by ONE THOUSAND SHARES
OF ONE HUNDRED DOLLARS $500.
OO) each. The Preferred Capital Stock
shall be entitled to receive. when and as
declared. from the surplus or net profits
of the Corporation. yearly dividends a;
such rate up to, but not exceeding sew
en- 90 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. II in any year, diyi-
dends up to. but not exceeding seven Cd
per centum per anum shall not have been
paid thereon, the deficiency shall be pay
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 accured
interest for the current year shall have
been declared. and the Company shall
have paid such cumulative dividends for
previous years: or shall have set aside
from its surplus or net profits sum
sufficient for the payment thereof the
Board Of Directors may declare dividends
on the Common Stock, payable then, or
{ thereafter out Of any remaining surplus
Z or net profits
, In the event Of any liquidation or dis
, solution or winding up, whether volun-
2 tary or involuntary. Of the Corporation:
I the holders Of the Preferred Stock shall
t be entitled to be paid in full, both the
( par amount of their shares and the un-
4 paid dividends accured thereon before
e any amounts shall be paid to the holders
: of the Common Stock, and after the
: payment of the holders of the pre-
t the unpaid paid accrued dividends there
be divided and paid to the holders Of the
n Common Stock according to their respect
y i've shares.
SECTION 1.-THE Common Stock o.
l.n-s L.. F.,rAl n.
f sum Of TWO HUNDRED THOUSAND
k DOLLARS ($2O0,OOO.OO) divided into o
l. represented by TWO THOUSAND SHARES
OF ONE HUNDRED DOLLARS $500.
IS OO) each, and shall be entitled to divi
d dends and to shares in the assets ant
X funds of this Corporation only in tn
d manner prescribed ir Section i hereof
N and in no other way. Both classes o
4 stock shall vote on an equality in al
elections for Directors and otherwise
lie SECTION III.-No Stakeholder of thi
Id Corporation shall sell or dispose OF hi
III stock without first offering same TO
o. sale in writing to its Board Of Directors
al which shall have the first option to pul
Is chase same ut the book value thereof
and should said Board fail or refuse
I'd purchase said stock within thirty &c
m stockholder offering said stock may dis
q pose of same to any person whatsoeve
a. Transfers of stoc;. shall not be recol
he nized until such stock Is transferred o
r. the books of the company by the owns
ts of said stock or by his duly authorize
ee agent. Separate Stock Books and Stool
OF Registers shall be kept for each OF II
a, said classes of Stock"
he NOW THEREFORE,. in order to carr
he out the objects and purposes Of said stool
=, holders meeting and to clothe the sal
re amendment in proper form and to civ
as IL legal force and effect, the said al
ne bearers do now declare and hereby NAL
L. known that the charter OF the vori'
Baking Company has been changed, a
+, tered and amended, In the manner an
ne form herein above set forth, and the
u, do hereby authorize and require that Il
~ foregoing act of amendment be duly r
nv nv corded and published according to Law
n n THUS DONE AND PASSED at my o
All flee In the City of New Orleans. Sta
~. Of Louisiana, on the day, month an
~ year first above written. in the presen
ne Of Messrs. Allen II. Worries and Carl
III IN Friedricks competent witnesses who ha'
nv r hereunto signed their names with m
u Notary, after reading of the whole.
n Original Signed: Allen l.. Vorie
r. s. Brown, Secretary.
nd Witnesses: A. ii. Worries; c. G. Erie
'r- richs.
IT. l. the undersigned Recorder of Nor
er, cages in and for the Parish Of Orlean
So State of Louisiana, do hereby eerti
OF that the above and foregoing Act
M Amendment to tire Charter Of the VOl
lily les BAKING COMPANY was this d,
ry duly recorded in my office, in Boz
Dr. 1928. Folio, New Orleans, La, 27t
day of January 1920
ar SIGNED: Emile J. Leonard. by.
Trua Canv. UM REVJ. Nnfa