The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
May1S- June22.
AMENDMENT TO CHARTER OF
ORLEANS-KENN TRACTION
COMPANY, INC.

|
COMPANY, INC.
| United States Of America. State of
| Louisiana. Parish of Orleans, City of
| New Orleans. BE II known and remem-
bered. that on this 26th day of the month
| of April, in the year of Our Lord one
! thousand, nine hundred and twenty
/ and OF the Independence Of the United
States of America. the one hundred and
forty-sixth: Before me: Stamps Farrar'
, n Notary Public. duly commissioned.
sworn and qualified in and for the Par
| ish of Orleans. State Of Louisiana, there
] in residing, and in the presence OF the
witnesses hereinafter named and under
/ signed; Personally came and appeared,
| Alfred c. Hammer. president and Maurice
II. Rooney, secretary. of Orleans kenner
| Traction Company. Inc, corporation
| created by and existing under the laws
of the State of Louisiana, by an act be
fore Alfred c. Hammer. Notary Public,
Parish of Orleans, State OF Louisiana,
dated March 5. 1918, recorded in the
| Mortgage office of the Parish of Orleans,
State of Louisiana. in Book 1919, Folio
40. and in the office of the secretary of
| state. Of the State of Louisiana. at Baton
Rouge Louisiana; in Book Record COR OBI Of
day of April 1918, who declared unto me-
Notary. that general meeting of the
stockholders of OrleansK enner Traction
Company, Inc, was held at the office Of
| on the Goth day of April. 1922. at 400
O'Clock p. m: that notice Of said general
meeting of said stockholders was waived
| and the original OF said waiver OF notice
was ordered attached to the margin of
the minutes and copy thereof spread In
the minutes:
And the said appearers further declared
! that at said general meeting of the stock
| holders of the Orleans kenner Traction
Company, Inc, II was resolved by n
unanimous vote of all OF the stockholders
| of said company present ut said meet
ing, to-wit by all OF the stockholders OF
| ba t1a g a N 4
ing capital of the company, that the capt.
tai stock of said company be increased
from 100000 to s135 10000 by the issu-
ance Of 1900 shares Of preferred stock OF
the par value of $4,000 each, the 20
shares Of stock Of the par value Of 500 90
each now outstanding to be and become
common stock.
And the said Alfred c. Hammer and
the said Maurice II. Rooney, respectively
the president and secretary Of Orleans
Kenner Traction Company, Inc. further
declared that at said general meeting OF
the stockholders of Orleans Kenner Trac.
ton Company. Inc, 1t was resolved that
the officers Of said company be author
lied. empowered and directed to take
, such steps as may be or become neces
sary TO make effective the foregoing
amendment to the charter.
whereupon the said Alfred G. Hammer
president, and the said Maurice Fl
Rooney. secretary, Of Orleans Kennel
Traction Company. Inc. declared that
!,
Of said Orleans Kenner Traction Com.
pany. Inc. for the purpose of making
effective the action OF the stockholders Of
said company by embodying the said
amendment in notarial form. and they
, now declare unto me. Notary, mat Article
". Of the charter of the Orleans Kenner
Traction Company, Inc. shall be and II
amended so as to read as follows. to-
wit:
ARTICLE Iv-The capital stock Of
this corporation is hereby fixed at One
Hundred and Thirtyfiye Thousand
| Cs135. 900 OO) Dollars. as follows; to-wit
One Hundred and Thirty Thousand
(s19O OOO.OO) Dollars Of preferred stool
: represented by 1900 shares of the pa,
value Of $4,000: and Five Thousand
(s5O00O0) Dollars Of common stock. rep
value of One Hundred ($1000O) Dollars
each.
Preferred stock shall be and is entitled
to preference and priority over the com
mon stock In the following manner. to
wit: to receive cumulative dividends al
mum. payable in one or more installment:
as the board Of directors may determine
before any dividend on the common stool
shall be paid; and. upon dissolution o.
. the corporation. after all Of its debts
shall have been paid. the remaining as
sets. property and effects shall be ap
5 piled to the payment of the preferred
stock at par, with any unpaid dividend
accumulation thereon and before any pay
ment is made to the holders Of the com
. mon stock; the balance remaining shall
then go to the payment Of the T Hutst and
I mon stock shall be entitled to all ne
earnings and profits in excess Of thu
cumulative dividend Of seven (7qo) pei
cent per Snnnm , to be paw, on the
All or any part of the preferred stool
, as may, from time to time. be determined
by the board Of directors. shall be sub
-zNl
net profits or earned surplus. or any othe
= funds authorized by law at par and accrued
dividends, provided that notice OF such In
: tention to redeem and retire be published
: for five consecutive davs in a daily news
: paper in the City of New Orleans. Stat
, of Louisiana.
II any amount less than the whole o.
$ the outstanding preferred stock shall b.
Z retired. then the retirement shall be on
pro-rata basis so that each stockholde
E shall contribute his quota to the stock t.
: be retired.
r The preferred stock shall have and en-
I jov no voting powers whatsoever.
e The present outstanding capital stool
4 Of this corporation, to-wit: fifty 600
2 shares of the par value Of $4,000 each
shall be and become the common stoci
' ot this corporation as authorized herein
h Notation Of this change shall be made or
@ the certificates representing said stock
| said common stock shall possess all vot
: ing rights and powers Notwithstanding
anv other provision or RESTRICTION IN Uni
r charter.
r - The preferred stock herein and hereh'
: authorized NAV be issued for cash or II
payment Of the debts and obligations
p OF this corporation.
$ The amount to which the capital stool
2 of this corporation NAV be increased
{ shall he the sum Of Five Hundred Thous
D and $500 OOOO0) Dollars. which said In
creased capital stock NAV be of one Of
5 more kinds and classes OF stock.
b. And they did produce 10 me. Notary
e to be annexed to and made part OF Thu
/. act, a duly certified copy Of the minute
OF the meeting of said stockholders o
r said Orleans Kenner Traction Company
!, Inc. held on the goth day Of April. 1872
as hereinabove set out: and i. said No
tary. have annexed said copy OF the min
utes hereto and made same part hereof
I Thus done and passed at my office II
I the City Of New Orleans on the day
!, month and year hereinabove first WRITER
in the presence Of Jacob p. Baer an
RaouI sSere Jr., competent witnesses. VIII
have hereunto signed their names to
gether with said appearers and me. SAT-
Notary. after due reading Of the whole.
Original signed:
Al C. Hammer, president, NJ. r
= Rooney. secretary. Witnesses: Jacob T
. Baer. Raoul Sere, Jr.
p I, the undersigned Recorder Of Mort
' cages, in and for the Parish Of Orleani
O State OF Louisiana, do hereby certify this
the above and foregoing Act OF Amend
2 ment Of the Orleans-Kenner Tractio