The herald., 1921-10-13
CHARTER.

and for the Parish of Orleans Sta'e 20
Louisiana. and in the presence OF tIIr t,i5
neSseS hereinafter named ana hIIe ~ -
nrrsouaIly came and appeared, H. ~ "a
kar the president, l.. L. summer :.
secretary and treasurer OF the 49,
Laundry, corporation uulE q! -
under the laws of this stare bH agu Jatad
Charles Schupidau, a notary puo.i,' m,
Nav 9th 1921 recorded in the MoI'L"
O0icp of this Parish in EooH LIB ~
40 Nav 2~th 1921. Who declared "'t
acting by virtue ana IN pun ~ Ia cor
resolution of the stockholders ~ ,aiu 70
purgtion. adopted at a meeting 0Tl"' ~ ~
Stockholders held on the first day OF ~
month of September, l32l, caIIrh l"I 49,,
nurpnsp of proposing amendment 70 "a,
charter of said corporation, all OF .Ae
said stockholders being present anu i,pi'
scuted. all notices Of every hlHu $50
waived they do by these presents, IN o'u'a
ia carry into effect the said resolutions,
certified copy of which Is annexed ~ , ,no
,,rr,rin of this act for reference, declare
mat the charter Of the said United Laut-
dry has been amended and altered so as u
have Article III read as follows.
"SRTICLE III-The capital STOCK VI
his corporation is hereby fixed NJ one
hundred thousand (SlOOOOOOo) dlNIdeu III
to two classes: IL. 20 con
dollars $1,000 each. shall be known rs
pr,frrrrd profit sharing stock, WHl'h
shares shall be preferred h"th IN VI
dend and principal, to the STOCK hI.M ,i ~ a.
. H.
other class Of obligation OF TINS 'oIPo'"
90 10000 shares Of the par value Of
one dollar GI00) each, shall be Aho" Il
and designated as common STOCK. 49,
The capital stock Of this corporation
shall be paid for in cash of its equlNal, III !;
before issued, and no StOckholdtr shali
ever he held liable for more than the uh
Maid balance of his subscription. All stock
when issued shall be fully paid noh-as-
SCSsable.
out of the net earnings of the corpora
tion there shall first be declared the an
uuaI dividend of 10 per cent. payable 10
the holder of preferred stock before hOiieTe
of common stock shall receive ahEInlnE'
This dividend shall be cumulative. Iherv,
after a like dividend of 10 per- cent Shall
he maid TO the holders of the common
machinery, implements, tools, cOhNeh-
| 30 per cent to the holders Of common STOCK.
| The preferred stock shall have no Young
I power. The preferred stock may De III,
/ creased. according to law, by resolution oil
! the board Of directors, adopted by Two
/ third vote, to the sum OF not more IMAM
! S291. 10000. the proceeds OF which shall Dc
/ used exclusively for the purpose OF sup
/ plies equipment and the putting in or al
! ditional laundries and dry cleaning eH
/ tabliSmentS The common stock Is not
| subject to increase except by UNANIMOUS
| vote of its holders.
And the said appearers further declared
/ that the said amendment was unanimously
/ adopted by all the stockholders OF sald
! corporation. and that &ese presents ar
/ for the purpose Of giving authenticity e
the action of said stockholders, ana tC
comply with the requirements of law
Thus done and passed, at my Office II
this city. in the day, month and year mrs
| above written in the presence OF IL. \
! Suttle and l.. J. Bernard. competent VII
ncsSeS residing in this city, who nave mere
unto signed their names with appearrT
and me, notary, after due reading OF tn
I whole.
Witnesses: II. \. Suttle, Louis j. Bern
ard.
II. O. BARKER, President,
l.. +. SUMMERS. Secy Treas.
MICHEL PRONOSTN.
Notary Public
\ true copy: .-.,.
MICHEL PROVOSTY,
Notary Public
Sent S-Oct I3