The herald., 1921-07-07
CHARTER

mended by act before Felix }. rug, NJ
tary Public on August % i92o' reeorI Zee
August "a 1920, said corporation oelhs
domiciled in the City of New orleans.
Who declared that by resolution anu
vote adopted and voted at SpeciaI Ileet
ing of the stockholders of Pattlson ana
Company Limited. held at the offlce OF
the company at aO1 Magazine Street on
the Sixth day of June. 192l, held D! con-
sent of all of the stockholders or sald
corporation and upon waiver of notice OF
time and place of said meeting signed by
all stockholders, at which meeting an
stockholders of record were present III
persons, il was voted unanimously 10 a
mend and re-enact Article of the charter
of said corporation in the words and
figures hereinafter set out, all OF whlch
appears from 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 and to
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
ticle of the charter of this company was
by unanimous vote of all of the stock
holders amended and re-enacted TO read
as follows:
1.-THE capital stock of this corporation
Fifty Thousand Dollars ($l5O,OOOOOl, .di-
vded into and represented by Fifteen
Hundred (1500) shares of the par value
of One Hundred Dollars (SlOO.OO) each,
said stock shall be two classes, preferred
and common.
The amount of preferred stock shall be
Fifty Thousand Dollars (SJO,OOOOOD and
such preferred stock shall be entitled by
preference over the common stock to div
idends in each and every year at the rate
of
ginning August /, 1920, payable semi
nually on March 1 and October out of
the net profits, which dividends shall be
cumulative. Upon dissolution or hquida-
ton. the preferred stockholders shall be
paid par value and seven per cent cumu-
latiye 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 (SlOO,OOO.
0o) divided into and represented by One
Thousand 10000 shares of the par value
of One Hundred Dollars (S1OOOO) 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-
hutton, 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 ($1OO,
0OO.OO) and the common stock may be in
creased to Two Hundred Thousand Dol
lars $500, OOO.OO). 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-
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
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 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 a written notice addressed to each
stakeholder of the company at his last
known address, stating the number and
character of shares so offered and the
thereof
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-
Der 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
Board Of Directors deem best. should
said stakeholder make any sale In vio-
lation of this clause, same shall be null
and void. Each share of common stock
shan 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
law and charter necessary to amend this
ChdTteT III tne respects nere1naD0ve set
forth. they have appeared before me, No
tary, to execute, and do execute this act
for the above mentioned purposes.
Thus done and signed at my office in
the City of New Orleans on the Sixth day
OF June, 1921, in the presence of John May
and Burt w. Henry, competent witnesses
and residents of the City of New Orleans,
who have hereunto affixed their signatures
together with those Of said appearers and
me, Notary, after due reading of the
whole
tSIGNEDl A. T. PATTISoN, EMMETT
r., WITNESSES: John May, Burt w.
Henry.
CHAS. f. FLETCHINGER,
Not. Pub. |
i, the undersigned Recorder of Mort |
cages, In and for the Parish of Orleans. |
state OF Louisiana, hereby certify that the |
above Act of Amendment to the Charter |
Of Pattison and Company Limited, was |
mis- day duly recorded in my Book 1853 |
(sIGNED) RoBT. SCOTT,
1 hereby certify the above and forego-
ng TO be true and correct copy of the |
'rlgihai ACT or Amendment to the Charter |
u Pattison and Company, Limited, now on |
lie ana OF record in my office.
CHARLES +. FLETCHINGER.
Not. Pub.
j. G. BLAME COMPANY, INC.