The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-15
AMENDMENT TO CHARTER OF GULF
MOTOR TRUCK COMPANY, INC.

United States Of America. State of Lou
isiana, Parish of Orleans. city of New Or
leans. BE it 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 Independence,
Of the United States of America the on,
hundred and forty fourth, before me- Bcr-
nard j. DAILY, Notary Public. duly com
miSsioncd and qualified. in and for IN,
Parish of Orleans. State of Louisiana. ana
in the presence of the witnesses herein
after named and undersigned. personally
came and appeared % 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, 90 Mrs Ruth NJ Young
wife of Archibald l.. Dixon. herein dulN
aided. assisted and authorized by her said
husband. and CD james Hill, Jr. who de
clarcd that. collectively, they own NOR,
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. AMI the
laws of the State of Louisiana, Il special
meeting of the stockholders of the said
corporation was held ut its office ana
dOmiCilc No. AS BarOnne street. in this
city, whCreat, 10y a vote of more than two
thirds of the entire outstanding capital
n III. Il
resolution was adopted authorizing the
| amendment of Article of the original
! act OF incorporation of the said company,
as follows, a 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 a> fixed by the Origi-
/ nal articles of Incorporation. is fixed at
ten thousand dollars (Sl0.OOO.OO), divided
| into one hundred shares, of the par value
| Of one hundred dollars (S1OO.OO) each and
| Whereas. the said corporation has per
| manent property and assets. of the value
| of twenty seven thousand. six hundred
thirteen and IS 100 dollars (S27613.53)
which is represented by cash. amountini:
| to twelve hundred Sevcnty-One and 9S 100
dollars (S1.2119Sl. and the balance by
| merchandise, bills receivable and ct cetera,
| as will more fully appear by duly Ger
| titled statement, hereto annexed as part
hereof; and
| Whereas. il 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 increased
! from said sum of ten thousand dollars
| (Sl0.00O) TO the sum of one hundred thOuS-
| and dollars (S1O0,OO0l. of which seventy
| five per cent shall be common stock and
| twenty five per cent preferred stock. The
preferred stock is guaranteed seven per
| cent dividend per annum. and after the
! common stock has received seven per cent
| the preferred stock will share in the re-
naming profits. BY giving sixty days
| notice prior to the end of the year the
preferred stock can be recalled AT one
hundred five dollars (S10j00 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 he
| distributed among the existing stOckhOld-
| erS, pro rata, as stock OF dividend. az
! the following ratio: Each share OF the
| original stock to be turned in to the cor
| poratiOn. and the holder thereof given in
| lieu 2.761353 shares in the corporation. in
| accordance with the new capitalization
And the said appearers 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 he and
/ are hereby authorized the said increas
| capital stock in extending and enlarging
| the business of the corporation.
4 Thus done and passed in nv OFFICE, IN
the City of New Orleans. aforesaid, In
the presence of Messrs. Frank II. Echeza-
bal and Walter p. Hamlin, competent wit
nPsses of lawful age and residing in this
city who hereuntO subscribe their names
together with said appearers and me. No
tary, on the day and date set forth III
the canton hereof
| (Original signedD a. l.. Dixon, Z. NJ
Dixon. James Hill. Jr.
| Witnesses: W. II. Hamlin. Frank L
| EcheZabal
| BERNARD ]. 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 l2i2, FohC
New Orleans. March 31st. 1920.
| (Signed0 EMILE J. LEONARD. ID. X
] A true copy of the original. on file and
| of record in my nOtarial office.
! BERNARD J. DAILY, Not. Pub.
1 Icool g. May l.