The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-17
J. f. BOUDEN. JR.
e. W. FOX, JR.
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 ii 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, corporation organized by Act be-
fore the undersigned notary on October
18th, 1920. and recorded in Mortgage Office
of this Parish in Book 1915, 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, a GER
| titled copy of the minutes of said meeting
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 be
determined by the Board Of Directors: a
| dividend of seven per cent per annum
shall be paid out of the earnings of the
| 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 of
Directors may at its pleasure pay such
further dividends on preferred stock as
they may decide; and said preferred stock
may be redeemed at not less than par out
of the net profits or earned surplus at such
times and under such terms and conditions
as may be agreed upon by the Board OF
Directors; said preferred stock shall also
have preference over the common stock
! on all of the assets of this corporation
, said preferred stock shall have no voting
power and shall be paid for in cash, serv
ices, and good will, at such times and il
, such amounts as may be determined by
the Board of Directors. AS thus amended
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 at
! tached, to certify to the said proceedings
3 and authorized and directed to make al
| authentic notarial act of said amendmen
fish the same according to law. Said ap
, bearers accordingly appear before me, no
4 tary, and do hereby declare that sal
= Charter has been amended as above Sc
!. | forth, and they do hereby make this au
thentic notarial act of said amendment
9 said charter, and do hereby request an
authorize me to record and publish til
same according to law.
Thus done and passed, in my Office 9
q the City of New Orleans, on the day, mont
70 and year herein first above written, in tn
: presence of Nathan H. Feitel and Lillia
D McCord. competent witnesses, who her,
unto sign their names with the said al
pearers and me, Notary, after reading
the whole.
(Original signed.) W. R. Yates, J. wo
brette.
Witnesses: Nathan II. Feitel. Lillian NJ
T Cord.
=. WARREN V. MILLER,
Notary Public
q /, the undersigned, Recorder of Nor
cages in and for the Parish of 0rlean
State of Louisiana, do hereby certify TIL
the above and foregoing Act of Incorpor
ton Amendment Of the New Orleans DrJ
- Co., Inc, was this day duly recorded
~ my Office in Book 1912, Folio I'll.
New Orleans November 10th. 1920.
(Signedo EMILE J. LEONARD, by. r.
/ certify the above to be a true and co
\ rect copy of the Amendment to Charter
\ New Orleans Drug Co, Inc, of date n
vember 9th, 1920. on file in my Office.
WARREN V. MILLER,
(Seal) Notary Public.
Jan. 13-Feb, IL.