The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER.

| the Mortgage once OF the IHIlNH OF "
leans. in Book 1916, folio AIS, by virtue %
| a resolution adopted at general meet
ing of the stockholders OF said corpora
tion. held at its dOmicile In this city. 90
TN. twenty sixth day Of July, hi Ger
titled extract of the minutes Of said meet
ing being hereto annexed and made par
hereof.
And said appearers declared that at sal,
meeting of the stockholders OF said cor
UoratiOn. the charter Of the said Atlantic
Paint Company, Inc, was amended by ia
creasiny the capital stock of said CORPORA
ton to the sum of Fifty six Thousand lSJG.
900 Om Dollars, and that they, said sp
bearers were duly authorized and c-Y
powered to cause said amendment tp f.,
charter of the said Atlantic Paint Com
pany, Inc, 10 be embodied IL n1tnr.a
act.
Now. therefore in accordaucn With sai,
resolution they, the said arpearcrs. actin.
in their aforesaid capacities, having ap
peared before me, notary, for the purpos,
Of placing said amendment TO the charter
of said Atlantic Paint Company, Inc. in
authentic form by nOtarial act. do now de.
clare that article " of said corporation
be- and the same is hereby amended. so a.
hereafter to be and read as follows, TO,
wit:
ARTICLE IV.-The authorized capital
stock of this corporation is hereby fiyed
at the sum OF ffty-SiX thousand tSgG.
40 OOj dollars, represented by eleven thuus-
and shares, which said capital stock shall
he divided as follows: Fifty Thousand
dollars consisting of five thousand shares
II the par value Of ten dollars $1,000
per share shall be preferred stock, and six
thousand dollars, consisting of six thou
and shares Of the par value OF one dollar
per share shall be common stock. Said
preferred stock shall be entitled to prefer.
ence and priority over all common stock
to dividends in each and every year at the
rate OF eight per cent. per annum. pay
able out Of the profits or earned surplus
annually on the first day OF January Of
each year, as declared by the board Of
directors. Said dividends shall be cumu-
lative, and shall be limited to eight per
cent. per snnum, and no dividends shall
be paid on, or set aside for, the common
stock until all the dividends on the Ire
ferred stock shall have been fully paid
Said preferred stock shall h1v" 10 voting
power.
I'm the event of the dissolution or liqui.
datiOn of the corporation, and in any dis
tributiOn of the assets of said corporation
among the stockholders, the par value OF
all the preferred stock legally issued and
outstanding shall be paid 10 tn holders
thereof, in full, with all unpaid dividends.
rr- any payment shall be made TO the
holders OF the common stock.
The board of directors may, at any
time. out of the profits or earned surplus
Of said corporation, retire all or any pOr-
ton of said preferred stock. on giving to
thirty days written notice by registered
mail to the last address given TO the cor
pOration (Which notice and delay may be
waived by any such stOckhOlder), upon
payment TO the holders of said stock so
retired, the par value thereof. plus ten per
cent, together with all accumulated an
nual dividends to the agreed dividends
provided in this charter, up TO the date OF
the redemption of said stock, after which
ne dividends on said stock shall cease;
nj rod. n q nH
TO the outstanding stock. No preferred
stock, however, shall be retired until the
\ pIratiOn of two years from the date
hereof. No dividends shall be paid on the
common stock until all of the preferred
stock has been retired.
In the event of the dissOsuton or liqui-
iatiOn of the corporation after the pay
nent OF the debts of the corporation and
he payment in full of the par value of all
he preferred stock legally iSSuei and out
together with all accumulated
md unpaid dividends thereon, the entire
remainder of said assets of said corpora
ion shall be divided among the holders
If the common stock, legally issued and
in proportion to their re-
'pective holdings.
All voting power of the corporation shall
De vested exclusively in the common stock
It all elections of directors or other meet
ngs of the stockholders, except on ques.
ions relating to the modification, chang
ng or alteration of this charter, or hQui-
latiOn or dissolution of this corporation,
n which cases the preferred stock shall
ave like voting power as the common
took, that is, one vote for each share
4 stock.
No amendment to the charter shall be |
'assed which shall impair the rights of the !
preferred stockholders as hereinabOve pro-
ided.
No stakeholder shall have the right TO |
ell or otherwise dispose of his common |
In h Ian -
ther than a stakeholder thereof without |
rst offering it in writing for thirty days |
through the board of directors, to the other |
folders of common stock, at it's book |
alue, as determined by the last preceding
inventory"
o hereby authorize and require said
mendment to be duly incorporated into
otarial shape and to be recorded and
ublished according to law, to the end
hat the same may be operative and bind
~ on all persons whomsoever.
Thus done and passed in my notarial
fice, in the City of New Orleans afore-
aid, in the presence of Louis Z. Jung and
ohm A. Rosado, competent witnesses of
awful age, residing In this city, who here
INTO subscribe their names. together with
aid appeares and me, Notary, on the day
nd date set forth in the caption hereof
ORIGINAL SIGNED):
j. RAYNAUD. President.
JULIAN NJ. SHBRROUSE, Sect.
Witnesses: L. Z Jung, J. A. Rosado.
W. W. YOUNG,
Notary Public.
1, the undersigned, Recorder of Mort
ages, in and for the Parish of Orleans,
tate of Louisiana, do hereby certify that
he above and foregoing Act of Incorpora-
on OF the Atlantic Paint Company, Inc.
as this day duly recorded in my office.
Book -, folio -.
New Orleans, July 20, 1921.
(Signed): ROBT. SCOTT, |
Depty Recorder
I hereby certify the above and foregoing
be true and correct copy of the Origi-
Al act, together with the certificate OF
he Recorder of Mortgages, on file and OF
cord in my office
In faith whereof. 1 hereunto set nv hand
ID. 1921.
W. W. YOUNG,
Notary Public.
hAhTEh OF ROBERT A. KEYER AND
q i.