The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-11
CHARTER.

directors. Said dividends shall be cumu-
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
power.
ain the event of the dissolution or iqui-
dation of the corporation, and in any dis
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,
jeTore any payment shall be made to the
holders Of the common STOCK.
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 to
the registered holder or holders thereof
thirty days written notice by registered
mail to the last address given to the cor
poration (which notice and delay may be
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
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 dissoyurson or liqui
dalton Of the corporation after the pay
ment Of the debts of the corporation and
the payment I'm full Of the par value of all
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
| of the common stock, legally issued and
outstanding. in proportion to their re
| spective holdings.
All voting power Of the corporation shall
be vested exclusively in the common stock
at all elections of directors or other meet
| ings Of the stockholders, except on ques
| lions relating to the modification, chang
ing or alteration Of this charter. or liqui
dation or dissolution Of this corporation
In which cases the preferred stock shall
have a like voting power as the common
| stock. that is, one vote for each share
| Of stock.
No amendment to the charter shall b.
passed which shall impair the rights of the
preferred stockholders as hereinabove pro
vided.
| No stakeholder shall have the right Il
sell or otherwise dispose Of his common
| stock In this corporation to any person
other than a stakeholder thereof, without
first offering 1t in writing for thirty days
Il "A o.
holders Of common stock, at its bool
value, as determined by the last preceding
inventory"
Said appearers further declare that they
| do hereby authorize and require said
| amendment to be duly incorporated into
notarial shape and to be recorded and
| published according to law, to the end
that the same may be operative and bind
| ing on all persons whomsoever.
Thus done and passed in my notarial
Office In the City Of New Orleans afore-
said, In the presence Of Louis Il. Jung and
John A. Rosado, competent witnesses OF
| lawful age, residing In this city, who here
said appeares and me, Notary, on the day
and date set forth in the caption hereof.
ORIGINAL sIGNED):
]. RAYNAUD, President.
JULIAN NJ. SHERROUSE, Sect.
Witnesses: L. e Jung; J. A. Rosado.
w. w. YOUNG,
Notary Public
i, the undersigned, Recorder of Mort.
cages, in and for the Parish of Orleans
State OF Louisiana, do hereby certify that
| the above and foregoing Act of Incorpora.
ton Of the Atlantic Paint Company. Inc.
was this day duly recorded in my office
| In Book -, folio -.
New Orleans. July 20, 1921.
(SignedD: ROBT. SCOTT,
| Depty Recorder
hereby certify the above and foregoing
10 De true and correct copy of the origi
| nal act, together with the Certificate n.
the Recorder Of Mortgages, on file and O.
| record in my Office.
In faith whereof. hereunto set nv han nd
and seal: this twenty ninth day Of July
A. ID. 1921.
W. W. YOUNG.
| 49,, c.. Notary Public