The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-14
CHARTER

gan Gurley, Notary Public. on fepr1ary
| 81. 1905 recorded in Mortgage Onlce' pooh
mpnded by act before Felix j. rug no,
| tarv Public on August %, 192O recorueu
| in Mortgage Office Book 1246, Folio 100,
| August "a 1920, said corporation pelhs
domiciled in the City of New orleans
Who declared that by resolution anu
vote adopted and voted at a special meet,
| ing of the stockholders of Pattlson anu
Company Limited. held at the otflce OF
| the company at 401 Magazine Street on
the Sixth day of June, 1921, held by con,
sent of all of the stockholders OF salG
corporation and upon waiver OF notice OF
| time and place of said meeting signed Dy
! all stockholders, at which meethS an
! stockholders of record were present III
persons it was voted unanimously to a.
mend and re-enact Article of the charter
of said corporation in the words ana
| figures hereinafter set OUT all OF "hIch
appears from a certified copy of the min
utes of said meeting hereto annexed ana
made part hereof.
Appearers further declared that they
were authorized and directed at said meet
ing to appear before me, Notary ana 10
execute the proper nOtarial act and Geclar-
alton of said amendment required by law
for the purpose of affOrding authentic
reference and permanent record.
Said appearers further declared that Ar
ricle of the charter Of this company was
by unanimous vote of all of the stock
holders amended and re-enacted to read
as follows:
"The capital stock Of this corporation
is hereby fixed at the sum of One Hundred
Fifty Thousand Dollars ($15O, 100000, di-
vided into and represented by F1teen
Hundred $1,000 shares Of the par value
of One Hundred Dollars ($100O0) each,
said stock shall be two classes, preferred
and common.
The amount of preferred stock shall be
Fifty Thousand Dollars ($50OOO.O0) and
/ entitled
preference over the common stock to div
idends in each and every year at the rate
of seven per cent Gfo) per annum, be-
ginning August 1, 1920, payable semi-an-
nually on March 1 and October out or
the net profits, which dividends shall be
cumulative. Upon dissolution or iquida-
ton, the preferred stockholders shall be
paid par value and seven per cent cumu-
lative dividends to date of liquidation
with preference over common stockholders.
No voting power shall vest in such pre-
ferred stock.
The amount of common stock shall be
One Hundred Thousand Dollars CS1OO,oOO.
Oo) divided into and represented by One
Thousand QOOO) shares of the par value
of One Hundred Dollars (S10O.OO) each.
The common stock shall be entitled to
such dividends as the Board Of Directors
may declare, subject to the prior pay
ments of the cumulative dividends upon
the preferred stock as heretofore provided
and in the event of liquidation or disso-
tuition, the common stock shall be entitled
to all assets of the corporation after pay
ment of all debts, preferred stock and
cumulative dividends, If any. All voting
powers shall be vested exclusively in the
common stock.
The preferred stock may be increased
to One Hundred Thousand Dollars (SlO0,
000OO) and the common stock may be in
creased to Two Hundred Thousand Dol
lars $500, 100000. All stock shall be is
sued for cash or its equivalent, including
good will as authorized by law or may
be issued at not less than par in payment
for property actually purchased or for
services actually rendered the corporation
or the same may be issued fully paid for
money advanced or for such other valu-
able consideration or services as the Board
of Directors may determine. All capital
stock not already issued shall be issued at
such time and upon such terms and con-
ditions as the Board of Directors shall
determine, subject to legal requirements.
All stock shall be fully paid and non-as-
sessible and no transfer of stock shall be
binding upon the company unless record
ed upon the companys books. and prior
lien on all shares Of stock Of any share
holder for any Indebtedness secured or
non-secured however evidenced or created
due at any time to the corporation by the
holder of said stock and all transfers of
stock shall be made subject to these con-
ditions.
No shareholder of the company shall
preferred or common, either privately or
in the open market without having pre-
viously offered said stock at its book value
to the other stockholders of this company
by means of written communication ad-
dressed to the ranking officer of the COM
pany present in the City of New Orleans
at the time. Such ranking officer, on
receipt of such communication shall, with
in five days after the date of such offer.
mail written notice addressed to each
of the company at his last
known address, stating the number and
character of shares so offered and the
price thereof. Failure of any stakeholder
to reply within ten days of the date of
said communication shall be considered
as refusal on his part to purchase any
of the stock so offered. Should the num- |
per OF shares which various stockholders,
In reply to said notice, signify their de- |
sire TO purchase exceed the number Of
shares thus offered, such offered shares |
shall be distributed to the prospective |
purchasers eF h in such proportions as the
said stakeholder make any sale in vio- |
lation of this clause, same shall be null |
and void. Each share of common stock |
SHAH entitle the owner thereof to cast one |
vote, either In person or by proxy at all |
stockholders meetings. |
Said appearers further declared that in |
their representative capacities and as au- |
thorized by resolution hereunto annexed |
and to carry said resolution into effect |
by executing the present act and By TAX |
ing all other necessary steps provided by |
Jaw and charter necessary to amend this |
charter in the respects hereinaboye set |
forth, they have appeared before me, No
AIRY, to execute, and do execute this act
Tor the above mentioned purposes.
Thus done and signed at my office in
he City of New Orleans on the Sixth day
IF June, 1921, in the presence of John Nav
ind Burt w. Henry, competent witnesses
md residents Of the City of New Orleans,
who have hereunto affixed their signatures
ogether with those Of said appearers and
whole.
, !SIGNEDl A. t. PATTIsoN, EMMETT
i, WITNESSES: John May. Burt W.
Henry.
CHAS. +. FLETCHINGER.
Not. Pub.
1, the undersigned Recorder of Mort
RACES, In and fer the Parish Of Orleans.
state OF Louisiana, hereby certify that the
lDove Act OF Amendment to the Charter
4 Pattison and Company Limited, was
his day duly recorded in my Book 1858 L
Folio '
(sIGNED) RoBT. SCOTT,
by. r.
1 hereby certify the above and foreeo-
ng to be true and correct copy of the
rlginai Act of Amendment to the Charter
= Pattison and Company, Limited, now on
lie and OF record in my office.
CHARLES +. FLETCHINGER
Not. Pub. |
j. G. BLAME COMPANY, INC.