The herald. [volume] (New Orleans, La.) 1905-1953, 1921-06-23
AMENDMENT TO THE CHARTER OF
PATTISON & COMPANY, LTD. -

United States of America, State of Lou
sana, Parish of Orleans, City of New
Orleans; BE 1t known that on the sixth
Day of the month of June in the year.
One Thousand Nine Hundred and Twenty
One. and of the Independence of the
United States the One Hundred Fsrty-
Fifth, before me, Charles +, Fletchinger,
a Notary Public duly commissioned and
qualified in and for the Parish Of Orleans,
State of Louisiana, and therein residing
and in the presence of the witnesses here
matter named and undersigned, person
ably came and appeared Mr.. Alfred T.
Pattison. President of Pattison and Com
pany. Limited and Mr.. Emmett Parkerson,
Vice President of said company corpor-
alton organized under the laws of the
State of Louisiana by act before NJ. Nor
gan Gurley, Notary Public. on February
81. 1908 recorded in Mortgage Office, Book
ISL. Folio $50, February "a, 1908. as a
mended by act before Felix J. PUG. No
tary Public on August %. 1920, recorded
in Mortgage office Book 1246 Folio 166,
August "A. 1920, said corporation being
domiciled in the City of New Orleans.
Who declared that by resolution and
vote adopted and voted at a special meet
ing of the stockholders of Pattison and
Company Limited, held at the office of
the Sixth day of June, 1921, held by con-
sent of all of the stockholders of said
corporation and upon waiver of notice of
time and place of said meeting signed by
stockholders of record were present in
persons, il was voted unanimously to a.
mend and re-enact Article of the charter
of said corporation in the words and
figures hereinafter set out, all of which
appears from a certified copy of the min
utes of said meeting hereto annexed and
made part hereof
Appearers further declared that they
Were authorized and directed at said meet
ing to appear before me, Notary and to
nv 70 th.a nnta riaI or%a nd IanIar
alton of said amendment required by law
for the purpose of affording authentic
reference and permanent record.
Said appearers further declared that Ar
ticle 4 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 $3.50 OOO.OO), di-
vided into and represented by Fifteen
Hundred t1500) shares Of the par value
Of One Hundred Dollars (s1O0.OO) each.
said stock shall be two classes, preferred
and common.
The amount Of preferred stock shall be
Fifty Thousand Dollars $50 OO) and
preference over the common stock to div
idends in each and every year at the rate
Of seven per cent l7%) per annum. be-
ginning August L, 1920, payable semi an
the net profits, which dividends shall be
cumulative. Upon dissolution or liquida-
ton, the preferred stockholders shall be
paid par value and seven per cent cumu-
lativ: 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 (S10O, 900.
Oo) divided into and represented by One
II -hnn nf NhA nlV,Ta
of One Hundred Dollars (S100.O0) each,
The common stock shall be entitled to
such dividends as the Board of Directors
may declare, subject to the prior pay
meHts 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 $500,
000.00) 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 company's 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 atNany 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
at any time offer for sale or sell his stock,
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 a written communication adj
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
stockholder 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