The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-08
AMENDMENT TO CHARTER OF GULF
MOTOR TRUCK COMPANY, INC.

United States Of America State of Lou
lSldhd, Parish 81 Orleans, city of New Or
leans Re 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 Independence
Of the United States OF America the on.
hundred and forty fourth. before me Der
nard j. DAILY, a Notary Public duIv cam
mi>Sioned and qualified, in and for the
Parish of Orleans. State of Louisiana and
in the presence of the witnesses herein
after named aud undersigned. personally
came and appeared % Archibald L. Dix
Thomas Dixon. said Archibald L. Dixon
being the duly elected and qualified Pres
ident of the Gulf Motor Truck Company.
incorporated. (2D Mrs. Ruth NJ Young
wife of Archibald l.. Dixon. herein duly
aided. assisted and authorized by her said
husband. and 90 James Hill Jr who de
clared that. collectively. they own more
than twO-thrdS of the entire outstanding
capital stock. of all classes. in the above
named corporation; that on the 3rd day
of March, 1920. pursuant to call issued
to all the stockholders of the said cor
pOratiOn. 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
dOmicilr. No. AS Baronne street in this
city. whereat. by a vote of more than two
thirds of the entire outstanding capital
stock. of all classes of said corporation. 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. as fixed by the Origi-
nal articles of incorporation. is fixed At
ten thousand dollars (Sl0OOOOOl. divided
into
of one hundred dollars (S1O0.00D each and
Whereas, the said corporation has per
manent property and assets. of the value
of twenty-Seven thousand. six hundred
thirteen and - 100 dollars 1927 .6l3.53)
which is represented by cash, amounting
to twelve hundred seventy -one and 9S 100
dollars (Sl.21l.9SD. and the balance by
merchandise, bills receivable and 81 cetera.
as will more fully appear by a 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
100000 TO the sum of one hundred thouS-
and dollars (S1O0.000). 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 (S10J.O0) per share.
The preferred stock shall have no voting
power.
In accordance with said resolution
the said appearerS further declared that
n. III
thousand shares. of the value of one hun
drPd dollars each: and that the said
amount of increased capital stock shall be
distributed among the existing StOckhOld
rrS, pro rata. as a stock of dividend. an
the following ratio: Each share of the
original stock to he turned in to the cor
pOration. and the holder thereof given in
lieu 2.161353 shares in the corporation. in
accordance with the new capitalization.
And the said appearers further declared
that the Directors of this corporation, and
it's 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 i'm my office, in
the City of New Orleans aforesaid. in
the presence of NeSSrS Frank I. EcheZa-
bal and Walter T.. Hamlin. competent wit
nesses of lawful age and residing in this
city. who hcreuntO subscribe their names.
together with said appearerS and me. No
tary. on the day and date set forth in
the caption hereof.
Original Signed) \. l.. Dixon, X. NJ
Dixon. James Hill, Jr.
Witnesses: W. +. 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 ]. LEONARD. II. X.
4 true copy of the original on file and
of record i'm NV notarial office.
BERNARD ]. DAILY. Not. Pub.
(SeaIO Apr. SHAY 10