The herald., 1921-06-30
CHARTER
AMENDMENT TO THE CHARTER OF
PATTISON 4 COMPANY. LTD.

! United States of America. State OF Lou
| iSana. Parish of Orleans, City of New
Orleans; BE it known that on the Sixth
| Day of the month of June in the year,
One Thousand Nine Hundred and Twenty
One, and of the Independence of the
United States the One Hundred Forty
Fifth, before me, Charles +, Fletchinger.
a Notary Public duly commissioned and
qualified in and for the Parish OF Orleans,
state of Louisiana. and therein residing
and in the presence of the witnesses here
matter named and undersigned, person
ally came and appeared Mr.. Alfred T.
Pattison, President of PattisOn and Com
pany, Limited and Mr.. Emmett ParkersOn,
Nice-President of said company a cOrpOr-
alton organized under the laws of the
State of Louisiana by act before NJ. Nor
gan Gurley, Notary Public. on February
II, 1908. recorded in Mortgage Office, Book
Ssl, Folio go. February "a. 1908. as a
mended by act before Felix ]. Puig No
tary Public on August %. 1920, recorded
In Mortgage Office Book 1916. Folio 1856.
August "a. 1920. said corporation being
dOmiciled in the City of New Orleans
Who declared that by resolution and
vote adopted and voted at special meet
ing of the stockholders of Pattison and
Company Limited. held at the office of
the company at I01 Magazine Street on
the Sixth day of June, 1921, held by con-
sent or all of the stockholders of said
corporation and upon waiver of notice of
time and place of said meeting signed by
a
stockholders of record were present in
persons, II was voted unanimously TO a.
mend and re-enact Article of the charter
or said corporation in the words and
tlgureS hereinafter set out, all of which
appears from certified copy of the min
utes OF said meeting hereto annexed and
made part hereof.
Appearers further declared that they
were authorized and directed at said meet
ing TO appear before me. Notary and to
pNPtnfa no III
alton or said amendment required by law
for the purpose OF affording authentic
reference and permanent record.
SAID appearers further declared that Ar
by unanimous vote Of all of the stock
holders amended and re-enacted to read
as follows:
The capital stock of this corporation
Is hereby fixed at the sum of One Hundred
FIFTY Thousand Dollars $3.50 OOO.OO), d.
vlded into and represented by Fifteen
Hundred (15OO shares of the par value
of One Hundred Dollars ($1OOOO) each,
said stock shall be two classes preferred
and common.
The amount of preferred stock shall be
Fifty Thousand Dollars ($5OOOO OO) and
such preferred stock shall be entitled by
preference over the common stock to div
ldends in each and every year at the rate
OF seven per cent G95) per annum. be-
ginning August /, 1920 PAYABLE semi-an
nually on March / and October / out of
the net profits. which dividends shall be
cumulative. Upon dissolution or liquida-
ton, the preferred stockholders shall be
paid par value and seven per cent cumu-
latlve dividends to date of liquidation
with preference over common stockholders.
No voting power shall vest in such pre-
ferred stock.
The amount of common stock shall be
One Hundred Thousand Dollars 100000.
OoD divided into and represented by One
GhnraG NJ thn vail,
OF One Hundred Dollars (S1OO.O0) each !
Inc common stock shall be entitled TO !
such dividends the Board of Directors |
may declare. subject to the prior pay
lnents OF the cumulative dividends upon |
the preferred stock as heretofore provided |
and In the event of liquidation or disso. |
lutlon, the common stock shall be entitled |
10 all assets of the corporation after pay
dividends, if any. Ali voting |
powers shall be vested exclusively in the |
stock.
The preferred stock may be increased
70 One Hundred Thousand Dollars (SlOO |
DoVo) and the common stock may be in |
'reased to Two Hundred Thousand Dol
lars $500. OOOOO). All stock shall be is
sued for cash or its equivalent, including
GOOD VIII as authorized by law or may
De issued at not less than par in payment
Tor property actually purchased or for
services actually rendered the corporation
'r the same may be issued fully paid for
nohey advanced or Tor such other yalu-
iDle consideration or services as the Board
II Directors may determine. All capital
'tock not already issued shall be issued at
Iuch time and upon such terms and con-
iltions as the Board of Directors shall
determine, subject to legal requirements.
All stock shall be fully paid and non-as-
essible and no transfer of stock shall be
'lnd1ng upon the company unless record
d upon the company's books. and a prior
len on all shares of stock of any share
lolder for any indebtedness secured or
unsecured however evidenced or created
lue at any time to the corporation by the
lolder of said stock and all transfers of
took shall be made subject to these con-
itions
No shareholder of the company shall
Z any time offer for sale or sell his stock.
preferred or common, either privately or
n the open market without having pre-
lously offered said stock at its book yalue
o the other stockholders of this conrpany
y means OF a written communication adj
ressed to the ranking officer of the com
any present in the City of New Orleans
the time. Such ranking officer on
eceipt OF such communication shall, with
llSe days after the date of such offer
IAN written notice addressed to each ,
tockhOider OF the company at his last
hoWn address, stating the number and {
harscter or shares so offered and the {
rice thereof. Failure of any stakeholder
reply within ten days of the date of {
fld communication shall be considered :
refusal on his part to purchase sny |