The herald., 1921-10-27
CHARTER.


after named and undersigned, personally
came and appeared, Frederick W Hras'
president; DIR. William y. Gillasple, wee
president; William ]. Sonnemann' secre-
tary treasurer, and Amelia tlchhorh'
cashier, President Vice President Secre-
tary Treasurer and Cashier. respectively
of the Dixie Homestead Association, Il
corporation created under the laws OF TINS
State, dOmiciled in the city of New Or-
leans BY an Act passed before Albert
Guilbault late Notary Public, April IL,
1907. recorded In the Office of the Recorder
of Mortgages for the Parish of Orleans, IN
Book So. folio $685. amended by an ACT
passed before the undersigned notary
November 1, 1909. recorded in Mortgage
Office Book $50 folio 64I, and amended
by an Act passed before the undersigned
notary. April 16. 1917, recorded in Mort
gage Office Book 1906, folio CO.
Herein acting under and by virtue of a
resolution adopted by the stockholders or
said Dixie Homestead Association, at a
general meeting held April II, 1921, Ger
titled copy of an extract of the minutes or
said meeting being hereto annexed as part
hereof.
And the said appearers d-c1ared that at
said meeting of the shareholders of said
corporation Articles " and were
amended. as follows:
Article ", by changing the words, "The
capital stock Of this corporation shall be
five million (S5 900 ,OOO) dollars. to read,
The capital stock of this corporation
shall be fifteen million Sl5,OO0OOOl dol
lars, etc"
And Article V. was amended by adding
the words "Or her" at the end of the fourth
line from the top of said article; and by
adding the words The directors may elect
an Assistant Secretary who need not be
a director" at the end of the third para
graph of said article.
And they. the said appearers were duly
authorized and empowered to cause said
amendments to the charter of said Dixie
Homestead Association to be embodied In
a nOtarial act.
Now, therefore, in accordance with said
resolution, they, the said appearerS acting
in their aforesaid capacities, having ap-
peared before me, notary, for. the purpose
of placing said amendment to the charter
Of said Dixie Homestead Association in
authentic form by nOtarial act. do now de-
clare that Articles " and V are hereby
amended so as to hereafter be and read
as follows, tO-wt:
ARTICLE IV-The capital stock of this
corporation shall be fifteen million (SlJ,-
0OO.0OO) dollars, to be represented by
shares of one hundred (S10O) dollars each.
The shares Of this association shall be of
two kinds, running shares" and "paid-up
shares, to be paid for in accordance with
the laws of this State and the bylaws of
this association. Minors and married wO-
men may hold shares in their own right"
ARTICLE V-The corporate powers of
board of directors to consist of twenty
(25) five shareholders, each of them own
ing at least ten U0) shares in his or her
own name, who shall be elected by the
shareholders annually on the second
Thursday Of April of each year, after due
notice as provided for in the bylaws. Any
director ceaSing to own ten (1O) shares
shall ipsO factO vacate his or her seat.
said election shall he by ballot and shall
be held at the dOmicile of this corporation
under the supervision of three (3) share
holders appointed by the board of direc
tors at its last preceding regular meeting.
who are not candidates for election. The
shareholders receiving a majority of the
votes cast shall be declared elected.
The failure to hold an election on the
day specified shall not dissolve the cor
poratiOn, but the directors in office shall
hold office until an election be held after
ten (10) days notice of the time and place
thereof and the new directors are installed.
The directors shall elect from their mum"
Der president, first vice-president, a
second vice-president, secretary and
treasurer. as also an attorney and a no.
tary public. They may consolidate the
office of secretary and treasurer into one
Office, TO be called the secretary trea Surer
The directors may elect an assistant Sec
tary who need not be director.
The board shall also have such further
powers as may be set forth in the bylaws,
or which may be necessary to carry out
the objects and purposes of this associa
ton; but they shall not have the power
to purchase real estate, except for cash,
or to contract any indebtedness without
the affirmative vote of at least seven "a
directors. and then only in furtherance of
the usual and proper business of the as
ISOLATION. Seven "a directors shall con-
stitute quorum at all meetings of the
board"
Said appearers further declare that they
do hereby authorize and require that the
said amendments be duly incorporated
into notarial form and be recorded and
published according to law, to the end that
the same may be operative and binding
on all persons whomsOever, from the date
of their adoption by the stockholders.
Thus done and passed in my notarial
office, in the City of New Orleans, on the
day and date first above written, in the
presence of Messrs. George Montgomery
and NJ Simpson, competent witnesses, who
hereunto subscribe their names with said
appearers and me, notary, after reading
the whole.
Witnesses: Geo. Montgomery, NJ Simp-
son.
ORIGINAL SIGNED):
+. W. Gras, VIM. A. Gillespie Amelia
Eichhorn, William J. Sonnemann.
The foregoing act was this day recorded
in the Mortgage Office for the Parish of
Orleans, in Book 1853 folio =.
A G. WILLIAMS,
Recorder of Mortgages.
ing to be true and correct copy of an
Act of Amendment of the Charter of Dixie
Homestead Association, on file in my no
tarial archives.
New Orleans, September %. 1921.
ALLAN r. BEARY,
Notary Public.