The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER.
AMENDMENT OF CHARTER OF NEW
ORLEANS DRUG CO., INC.

United States of America. State of Lou
isiana, Parish of Orleans, City OF New Or
leans. Be il known, That on this 9th day
of November. in the year 1920, before me,
Warren V. Miller, notary public, duly
commissioned and qualified. and in the
presence of the undersigned witnesses. per-
sOnally came and appeared W. X. Yates
and Jules WOlbrette who did declare that
they are the President and Secretary, re-
spectively, of the New Orleans Drug Co.,
Inc. a corporation organized by Act be-
fore the undersigned notary on October
18th. 1920. and recorded in Mortgage Office
of this Parish in Book 1916, Folio 423, and
that said appearers declare that at a spe-
cial meeting Of the stockholders of said
corporation, held on this day, at which
all of the stockholders were present, Il GER
titled copy of the minutes of said me citing
being hereto annexed Article Three Of the
Charter of said corporation was by unani-
nous vote amended so as to read as fol
lows. tO-wit:
ARTICLE III.-The capital stock of
this corporation is hereby fixed at the sum
of fifty thousand dollars, and is divided
into ten thousand dollars of common stock,
represented by one hundred shares of the
par value of one hundred dollars each and
forty thousand dollars of preferred stock
represented by four hundred shares of the
par value of one hundred dollars each
each of which classes of stock may be In
creased up to five hundred thousand dol
lars; each of the classes OF stock shall be
of the par value of one hundred dollars
each. The common stock shall be entitled
| to vote in all of the affairs of the corpora
| ton, and may be paid for by money, prop
erty, good will or services actually rem.
dered TO the corporation, all as shall bt
| determined by the Board of Directors;
| dividend of seven per cent per annun
| shall be paid out of the earnings of thu
| corporation upon each share of the pre-
| ferred stock; such dividends shall be pay
| able before and in preference to any divi
| dends on common stock; and the Board o
| Directors may at its pleasure pay sucl
further dividends on preferred stock al
they may decide; and said preferred stool
I may be redeemed at not less than par on
| of the net profits or earned surplus at sucl
| times and under such terms and condition
| as may be agreed upon by the Board o
| Directors; said preferred stock shall ais
| have preference over the common stocl
| on all of the assets of this corporation
| said preferred stock shall have no vOtinj
power and shall be paid for in cash, serv
ices. and good will, at such times and II
| such amounts as may be determined b,
the Board of Directors. As thus amende
| this Article supercedes Article Three O
the Charter as originally adopted. Divi
dends upon preferred stock shall not b
| cumulative"
Said appearers further declare that the
| were duly authorized by the stakeholder
as per the copy of resolution hereto al
tached, to certify to the said proceedings
and authorized and directed to make a
authentic notarial act of said amendmen
to the charter and to file, record and pull
lish the same according to law. Said az
bearers accordingly appear before me, nc
tary. and do hereby declare that sal
charter has been amended as above 50
forth, and they do hereby make this al
thentfc notarial act of said amendment
said charter. and do hereby request an
authorize me to record and publish I'll
same according to law.