The herald., 1921-02-10
AMENDMENT OF CHARTER OF NEW
ORLEANS DRUG CO. INC.

United States Of America. State Of Lou
isiana, Parish of Orleans. City Of New Or
of November, in the year 1870, before me.
Warren v. Miller, a notary public, duly
commissioned and qualified, and in the
presence of the undersigned witnesses. per-
sonalIy came and appeared W. r. Yates
and Jules Wolbrette, who did declare that
they are the President and Secretary, re-
spectively, of the New Orleans Drug Co.,
Inc, corporation organized by Act be-
fore the undersigned notary on October
18th, 1920. and recorded in Mortgage Office
Of this Parish, in Book 1916. Folio 423, and
that said appearers declare that at a spe-
cial meeting Of the stockholders of said
corporation, held on this day. at which
all Of the stockholders were present, a GER
titled copy of the minutes of said meeting
being hereto annexed, Article Three Of the
Charter of said corporation was by unani-
nous vote amended so as to read as fol.
lows, to-wit:
ARTICLE III.-The capital stock Of
this corporation is hereby fixed at the sum
of fifty thousand dollars, and is divided
into ten thousand dollars of common stock
represented by one hundred shares Of the
par value of one hundred dollars each and
forty thousand dollars of preferred stock
represented by four hundred shares of the
par value of one hundred dollars each I:
| each of which classes of stock may be in
| creased up to five hundred thousand dol.
lars; each Of the classes Of stock shall be
of the par value of one hundred dollars
| each. The common stock shall be entitled
| to vote in all of the affairs Of the corpora
ton, and may be paid for by money. prop
| erty, good will or services actually rem
| dered to the corporation, all as shall be
determined by the Board of Directors; a
dividend Of seven per cent per annum
| shall be paid out of the earnings of the
corporation upon each share of the pre-
| ferred stock; such dividends shall be pay
| able before and in preference to any diyi-
dends on common stock; and the Board OF
q N Iana mi rlnN-
further dividends on preferred stock as
| they may decide; and said preferred stock
| may be redeemed at not less than par out
OF the net profits or earned surplus at such
| times and under such terms and conditions
as may be agreed upon by the Board OF
Directors; said preferred stock shall also
have preference over the common stool
on all Of the assets Of this corporation
said preferred stock shall have no victims
power and shall be paid for in cash, serv
ices, and good will, at such times and IL
such amounts as may be determined b,
the Board Of Directors. As thus amended
this Article supercedes Article Three o
the Charter as originally adopted. Diyi
dends upon preferred stock shall not b.
| cumulative"
Said appearers further declare that the,
were duly authorized by the stakeholder
tached, to certify to the said proceedings
and authorized and directed to make a.
authentic notarial act of said amendmen
to the charter and to file. record and pub
lish the same according to law. Said ap
bearers accordingly appear before me, no
tary, and do hereby declare that sal
charter has been amended as above sc
forth, and they do hereby make this az
thentic notarial act Of said amendment
said charter, and do hereby request an
authorize me to record and publish tn
same according to law.
Thus done and passed, In my Office 8
the City Of New Orleans, on the day, mont
and year herein first above written, in th
presence of Nathan H. Feitel and Lillia
| McCord, competent witnesses, who here
unto sign their names with the said al
bearers and me, Notary, after reading ,
the whole.
Original signed.) W. R. Yates, J. wo
brette.
Witnesses: Nathan II. Feitel, Lillian M,
Cord.
WARREN v. MILLER.
Notary Public.
I. the undersigned, Recorder Of Nor
cages In and for the Parish Of Orlean
State OF Louisiana, do hereby certify tn,
the above and foregoing Act Of Incorpor
ton Amendment Of the New Orleans Dru
Co., Inc, was this day duly recorded
my Office In Book 1912. Folio III.
New Orleans, November 10th. 1920.
(Signed.) EMILE J. LEONARD, Dy. r.
i certify the above to be a true and CO
rect copy Of the Amendment to Charter
New Orleans Drug Co., Inc, of date n,
vember 9th, 1920, on file In my ONCE
WARREN V. MILLER.
(Seal) Notary Public.
/ Ian 12-Eah II