The herald., 1921-10-06
THE HERALD, ALGIERS, LOUISIANA
CHARTER.

and for rho Parish of Orleans State OF
! Louisiana and in the presence OF the VII
| urss,.s hereinafter named and undersigned
/ personally came and appeared, IL. y. bar
| kor. the president, l.. i. summers, tHS
secretary and treasurer OF the Dhi,'',
! Laundry, corporation dulS oIEaII~'"
under the laws of this state by act btiorr
/ Charles Schneidau, a notary pubic dateu
| May 2Ith, 1921, recorded IN the NOT E"S'
Onicc of this Parish IN B0ok Lob a. ~ 'i'.
/ $50 May 2Sth. 1921. Who declared: In"l
acting by virtue and in pursuance OF a
resolution Of the stockholders Of SAID cor
! poratiom. adopted at meeting OF the sara
/ stockholders held on the first DAY oil me
month of September, 1921, called loF me
/ purpose of proposing amcndWemt 10 m
charter of said corporation, all OF the
said stockholders being present ana repre-
scented. all notices Of every klhd heIhS
waived they do by these presents, in order
10 carry into effect the said resolutions,
certified copy Of which II annexed IN the
margin of this act for reference, declare
that the charter of the said United Lauu-
dry has been amended and altered so as TO
have Article III read as follows;
ARTICLE III-Thc capital stock OF
this corporation is hereby fixed ~ on"
hundred thousand GloO0oO0U divided III
10 two classes
1l 5000 shares of the par value Of ten
dollars $4,000 each. shall be known aS
preferred profit sharing stock, WGlrh
shares shall be- preferred, both in dl'I-
dcnd and principal, 10 the stock known as
common stock. or bonds. notes. mortgages.
other class of obligation Of this corpora
~ 10000 shares Of the par value Of
one dollar Isl Uub each. shall be know
and designated a. common stock.
The capital stock of this corporation
shall be paid for In cash of it, equivalent.
before issued, and no stakeholder shall
ever be held liable for more than the uu-
paid balance of his subscription. All stock
when issued shall be fully paid, non-as-
Sc~sahle.
out of the net earnings of the corpora |
tion. there shall first be declared the an |
uual dividend of 10 per cent. payable TO /
the holder of preferred stock before holders /
of common stock shall receive anything. |
This dividend shall be cumulative. There /
after, like dividend Of 10 per cent shall (
be paid to the holders of the common |
machinery, implements. tools, cOnven- |
% per cent to the holders of common stock.
The preferred stock shall have no voting /
power. The preferred stock may be in
creased, according to law. by resolution of
ia" board of directors. adopted by a two
third vote. to the sum of not more than
S23I.JOow. the proceeds of which shall be
used exclusively for the purpose Of sup
plies equipment and the putting in of adj
ditional laundries and dry cleaning es-
The common stock i not
subject TO increase, except by unanimous
vote Of its holders.
And the said appearcrs further declared
hat the said amendment was unanimously
adopted by all the stockholders of said
Tor the purpose Of giving authenticity 10 /
The action Of said stockholders, and to
'omply with the requirements of law.
Thus done and passed, at my Office in
his city. in the day, month and year first
IhoNe written in the presence Of II. y.
Nuttle and l.. J. Bernard, competent wit
les>es residing in this city, who have here
INTO signed their names with appearers
md me. notary, after due reading of the
whole
Witnesses: II. 4. Suite. Louis J. Bern
rd
IL q. BARKER. President,
J.. T. SUMMERS. Secy Treas.
MICHEL. PROEOSTY. /,
Notary Public. !
\ true copy: i
MICHEL PROVOSTY
Notary Public. .