The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
AMENDMENT TO HiRrEH OF NJ
IA\TIC PAINT COMPANY, INC.

United States of America. State of Louis
lima Parish of Orleans, Guy OF New VT
leans. BE it AnOwn, that on hls twenty
eighth day of the month OF JnlE' III 'he
wear of our Lord one thousand nine hun
drcd and twenty one. and of the indie
pendencr of the United states OF America
the one hundred and forty -SlNth, beiOre
me. William Waller Young, notary pup
liz, duly commissioned and quallhed, IN
and for this City and Parish OF orleans,
therein residing. and in the presence OF
the witnesses hereinafter and undersigned
personally came and appeared Joseph
Raynaud and Julian NJ. SherrOuse, both
above the full age of majority AMI resi-
dents of this city, the said Joseph Ray
maud herein acting in the capacity or
president. and the said Julian NJ Sher'
rouse herein acting in the capacity OF Sec
rotary of the Atlantic Paint Company, Inc.
a corporation organized under the laws OF
the State Of Louisiana, domiciled in TINS
city. instituted by an act passed before
me. the undersigned notary public, on the
18th day of October. 1920, and recorded In
the Mortgage Office of the Parish of Or
leans in Book 1916, folio AIS, by virtue of
a resolution adopted at a general meet
ing of the stockholders OF said corpora
ton. held at its domicile in this city, on
the twenty sixth day of July, l92l GER
tified extract of the minutes of said meet
ing being hereto annexed and made part
hereof.
And said appearers declared that at said
meeting of the stockholders of said cor
pOration. the charter of the said Atlantic
Paint Company. Inc. was amended by in
creasing the capital stock of said corpora
tiOn To the sum of Fifty-siX Thousand 1886.
10000 Dollars. and that they, said APP
pearrrs. We're duly authorized and EN-.
powered to cause said amendment TO the
charter of the said Atlantic Paint Com
Pany. Inc, to be embodied in nOtarial
act.
Now. therefore in accordanc" with said
resolution. they. the said aSpearerS, acting
in their aforesaid capacities having ap-
peared before me- notary, for the purpose
of placing said amendment to the charter
of said Atlantic Paint Company. Inc. in
authentic form by notarial act. do now de-
clare that article ~ of said corporation
be. and the same is hereby amended. SO as
hereafter TO be and read follows, to-
wit:
ARTICLE IV.-The authorized capital
stock of this corporation is hereby fixed
at tae >un of hfty-six Thousand 1885,
0O.DJD d.ilars, represented by eleven thous-
and shares which said capital stock shall
be divided rs follows: Fifty thousand
dollars consisting of five thousand shares
II the par value of ten dollars $4,000
per share shall be preferred stock, and six
thOuSand dollars, consisting of six thou
and shares of the par value of one dollar
per share shall be common stock. Said
preferred stock shall be entitled TO prefer
ence and priority over all common stock
10 dividends in each and every year at the
rate of eight per cent. per annum. pay
able out of the profits or earned surplus
annually on the first day of January of
each year. as declared by the board of
| directors. Said dividends shall no cnmu
| lative, and shall be limited to eight per
cent per annum, and no dividends shall
De paid on, or set aside for, the common
stoch until all the dividends ON the RE-
| ierred STOCK shall have been fully paid
i ha1 To-
| power. wan
| I'm the event of the dissolution or liqui.
dalton of the corporation and in any dis
| trlbution of the assets of said CORPORATION
among the stockholders, the par value OF
an the preferred stock legally issued and
outstanding shall be paid to thu holder
thereof, in full, with all unpaid dividends
lore any payment shall be made to tn,
| hoiders or the common stock.
| The board of directors may, at any
| time out of the profits or earned surpIu.
oa sal9 corporation, retire all or any por-
tioh OF said preferred stock, on giving "a
| the registered holder or holders thereof
| Ihlrty days written notice by registered
mail to the last address given to the cor.
poIIa.l9h (which notice and delay may be
waived by any such stockholder). upoI
payment to the holders of said stock 81
| retired, the par value thereof, plus ten ne,
| cent, together with all Accumulated an.
nuaI dividends to the agreed dividend,
1 M
the redemption of said stock. after wb,ch
me dividends on said stock shall cease
salu redemption 70 be prorated accordinu
70 tne outstanding stock. No preferres
eSnirs, ho"essr, snail be retired until tbs
| sAPlratlon OF two years from the dat.
nereoi. NO dividends shall be maid on N,
eoihmon stock until all of the nreferraS
stock has been retired.
IN the event of the dissolution or Iioui.
uauVh OF the corporation after the paw.
me payment in full of the mar yai,,c % an" ~
.ne preferred stock legally issue1 and on,
nnuIhg, together with all accumulate,
u unpaid dividends thereon. the entir.
tion nue., OF said assets of said corpora
non shali be divided among the baiSer,
on, sne common stock. legally issued onf
Uu's.ahding, in proportion to their ra
spective holdings. '"en re
All voting power of the corno,a,;o,
'Esled exclusively in the common stocl
ings &c , OF directors or other meet
.nes OF the stockholders, except on nnas
IONS relating TO the modification chang
ing or alteration of this charter or iinnS;
uaIoh or dissolution of this cornor,tisn
ba,.' on cases the preferred stock shall
nave like voting power as tho car,,,,1i
STOCK, that is. one vote for COR tn,
OF stock. Aof edeh shar
w amendment to the charter shall n
pssseu winch shall impair the rights Of m
vided. "ereihaooNe pro
40 stockholder shall have the RIGHT =
sen or otherwise dispose of his comma
s.ock IN this corporation to anv narso
ether than stakeholder thereof witbon
nrst oHering IL In writing for thirty dsy
through the board of directors 70 tbe otbs
holders of common stock. at its hoo
value, as determined by the last precedini
inventory"
Said appearers further declare that the
90 hereby authorize and require sail
amendment to be duly Incorporated inf
nOtarial shape and to be recorded an,
published according 10 law, to the en-,
that the same may be operative and bind
ing on all persons whomsoever.
Thus done and passed in my notaria
Office in the Citysof New Orleans afore
SAID, In the presence of Louis E. Jung an,
John A Rosado. competent witnesses O
lawful age. residing in this city, who here
unto subscribe their names together witt
said anpeares and me. Notary on the da-
and date set forth In the caption hereof.
| (ORIGINAL SIGNED):
| j. RAYNAUD, President
1 JULIAN VI. SHERROUSE, Sect.
Witnesses: L. f Jung, j. A. Rosado. 7
| W. W. YOUNG,
| Notary Public