The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15
CHARTER.

and for the Parish OF Orleans otdle VI
Louisiana, and in the presence OL t ny
peSsrS hereinafter named ana uI4et - : -
narsonaIIy came and appeared, IL. " bdi
tor the Drrsidcrlt. l.. +. summers the
secretary aud treasurer OF the uhit'',
Laundry, a corporation duIy otShn trI
under TIN, laws of this State DS az 1919
charles Schneidau, a notary PUBIC udteu
MAY 9th 1921 recorded III the MOrlEaHt
O0ice of this Parish in Book lZS0' LOU
$50 May 2Sth. 1921. Who declared: -
acting by virtue and in pursuance OF
resolution of the stockholders or Salu COZ ,
unrotion odOptcd at meeting or the salu
. nckhOldprs held on the first day Oh tiie
month of September, l02l caIleu loI ~. i
purpose of proposing amehdhenI ~ ~
charter of said corporation, all OF the
LID stockholders being present and repre-
srntcd all notices of every KIM belhE
waived they do by these presents IN olu'I
TO carry into effect the said resolutions
certified copy Of which is annexed IN the
n,argip of this act for reference, declare
that the charter of the said United Lahn
dry has been amended and altered 50 Ms ~
have Article III read as follows.
ARTICLE III-The capital stock OF
this CORPORATION is hereby fixed at one
hundred thousand (S1OO,O0OOO divided IN
to two classes: -
u 5000 shares of the par value Of ten
dollars $4,000 each. shall be known as
preferred profit sharing stock, which
shares shall be- preferred, both IN dlNl-
dend and principal, to the stock known aS
common stock. or bonds, notes. mortgages
other class of obligation of this corpora
C2l 10000 shares of the par value of
one dollar ($1OO) each, shall be known
and designated as common stock.
The capital stock of this corporation
shall be paid for in cash of its equivalent.
before issued, and no Stockholdcr shall
ever be held liable for more than the IN
paid balance of his subscription: All STOCK
when issued shall be fully paid non-as-
SesSable.
out of the net earnings of the corpora
ton. there shall first be declared the an
nual dividend of 10 per cent. payable 10
the holder of preferred stock before holders
of common stock shall receive anything.
This dividend shall be cumulative. There
after a like dividend of 10 per cent shall
be paid to the holders of the common
machinery. implements, tools, cOnNen-
30 per cent to the holders of common stock.
The preferred stock shall have no NOuhE
power. The preferred stock may De IN
creased. according to law, by resolution or
the board of directors, adopted by Two
third vote, to the sum of not more thah
S2g7. 800 90 the proceeds of which shall De
used exclusively for the purpose or sup
plies, equipment and the putting in or ad-
ditiOnal laundries and dry cleaning es-
tabIiSmeDtS The common stock is not
subject to increase, except by unanimous
vote Of its holders.
And the said appearers further declared
that the said amendment was unanimously
adopted by all the stockholders of said
corporation, and that these presents are
for the purpose of giving authenticity TO
the action of said stockholders, and 10
comply with the requirements of law.
Thus done and passed, at my Office In
this city. in the day, month and year hrst
above written in the presence of ii. \.
Suttle and l.. J. Bernard. competent wit
nesSes residing in this city, who have here
unto signed their names with appearrrS
and me, notary, after due reading of the
whole.
Witnesses: II. A. Suite. Louis ]. Bern
ard.
H q. BARKER. President,
l.. F. SUMMERS, Secy Treas.
MICHEL PROVOSTf.
Notary Public.
4 true copy: -
MICHEL PROVOSTY,
Notary Public.
Sent S-0ct II