The herald., 1921-08-18
CHARTER.

directors Said dividends snail De cuLnu-
lative, and shall be limited to eight per
be paid on, or set aside for, the common
stock until all the dividends on the IRE
ferred stock shall have been fully PAID
Said preferred stock shall hive no voting
pc I'm the event offhe dissolution or liqui-
datioa of the corporation, and in any dls-
tribution of the assets of said corporation
among the stockholders, the par value OF
all the preferred stock legally issued and
outstanding shall be paid to the holders
thereof, in full, with all unpaid dividends,
r,ore any payment shall be made to the
holders of the common stock.
1.-The board of directors may, at any
time. out of the profits or earned surplus
of said corporation, retire all or any por-
ton of said preferred stock, on giving 10
the registered holder or holders thereon
thirty days written notice by reglstereu
mail to the last address given to the cor
poration (which notice and delay may De
waived by any such stockholder), upon
payment to the holders of said stock SO
retired, the par value thereof, plus ten per
cent together with all accumulated an
nual dividends to the agreed dividends
provided in this charter, up to the date OF
| the redemption of said stock, after which
| the dividends on said stock shall cease
| said redemption to be prorated according
| to the outstanding stock. No preferred
| stock, however, shall be retired until the
| expiration of two years from the date
hereof No dividends shall be paid on the
| common stock until all OF the preferred
| stock has been retired.
| I'm the event of the dissoyutson or liqut
dation of the corporation after the pay
| ment of the debts Of the corporation and
the payment in full of the par value OF al
the preferred stock legally issued and out.
standing, together with all accumulated
and unpaid dividends thereon, the entire
remainder of said assets of said corpora
ton shall be divided among the holders
80 lArr 0nE
outstanding, in proportion to their re
spective holdings.
All voting power Of the corporation shall
be vested exclusively in the common stool
at all elections of directors or other meet
ings of the stockholders, except on ques
tons relating to the modification, chang
ing or alteration of this charter, or hqui
dation or dissolution of this corporation
in which cases the preferred stock shall
have a like voting power as the commoI
stock, that Is, one vote for each shar
Of stock.
No amendment to the charter shall b.
|, passed which shall impair the rights of tn
preferred stockholders as hereinabove pro
yided.
ono stakeholder shall have the right T.
sell or otherwise dispose of his common
stock in this corporation to any person
other than a stakeholder thereof, withou
first Offering 1t in writing for thirty day
through the board Of directors, to the Otbe
value, as determined by the last preceding
inventory"
Said appearers further declare that the,
, do hereby authorize and require sal
, amendment to be duly incorporated int
, notarial shape and to be recorded an
published according to law, to the en-
, that the same may be operative and bind
ing on all persons whOms0ever.
Thus done and passed in my notaria
Office, in the City Of New Orleans afore
said, In the presence of Louis Il. Jung an
, John A. Rosado, competent witnesses o
lawful age, residing in this city, who here
unto subscribe their names, together wit
said appeares and me, Notary, on the da
nd-date set forth IN the caption hereof
ORIGINAL SIGNED):
J. RAYNAUD, President.
9 JULIAN NJ. SHERROUSE, Sect.
: Witnesses: l.. E Jung, J. A. Rosado.
W. w. YOUNG,
Notary Publi
I, the undersigned, Recorder of Nor
| cages, in and for the Parish of Orlean
( State Of Louisiana, do hereby certify tha
I, the above and foregoing Act of Incorporf
u ton of the Atlantic Paint Company, Inc
was this day duly recorded in my offic
d In Book -, folio =.
g New Orleans. July %, 1921.
: (Signed): ROBT. SCOTT,
e Depty Recorde
Z I hereby certify the above and foregoin
: to be true and correct copy of the orig
!. nal act, together with the certificate
the Recorder Of Mortgages, on file and ,
: record in my Office.
; In faith whereof, hereunto set nv han
and seal, this twenty ninth day of Jul
II A. ID. 1921.
d W. W. YOUNG.
' Notary Publ