The herald., 1922-05-18
AMENDMENT TO CHARTER OF NEW
okLEANS REALTY INVESTMENT


Inlted States of America, State of Louis
iaha' Parish of Orleans. City of New Or
| IeanS. lie IL known, that on this nth day
9i tne month of April, in the year of our
Lord one thousand, nine hundred and
twenty-five, before me- Edward II Ellis
notary public, duly commissioned and
Puallfied. in and for this city and Parish
ot orleans, therein residing and in the
PrtSen'e OF the witnesses hereinafter
named and undersigned. personally came
ana appeared: +. j. KefIer, secretary. who
occurred mat general meeting of the
SStockhoIders Of the New Orleans Realty
canned by act passed before NJ. s. Drei-
ius' notary, on March Do 1922 recorded
IN W .. Il. l26S, folio 167. held at the
on!Ge OF SAID company, on April 10. 1922
a rondIu,,i as appears by copy Of the
resolution of the stockholders hereto AT
tached and made part hereof to appear
LEA DeiIre me Tor the purpose of amending
=, And the said appearer. as secretary of
the said New Orleans Realty Investment
Co., Inc. and acting in said capacitv and
on Dehalt of said corporation by virtue
oI the authority conferred upon him ar
..e general meeting of the stockholders
OF SAID company, declared that Article m
OF the charter of the said New Orleans
realty Investment Co.. Inc, has been
changed, altered and amended to read as
The capital stock of this cornoratiop
Is hXed at twenty thousand dollars CS20,
VVoOO), divided into seventy-fiye C75)
shares or common stock and one hundred
ana twenty-five 025) shares of preferred
500 lpre1erred stock to be non-voting)
U 81 par value of one hundred dollars
SlVooO) each, to be paid for in cash at
such time as the board of directors NAV
uetermlne or which may be issued for ser
- .ioe rendered or for property or rights
ton. " 'S NViP"i"-
The peferred stock shall be entitled
only 10 dividends at the rate of NOT less
nan oHdn eieht per cent. $50 as may be de-
elded by full board, payable as the
board Of directors may determine which
snail be cumulative.
In case Of the dissolution Of this cor
i HioTd;tIoh, the preferred stock shall be
stock. but shall have no further Interest
IN Inc inc assets or profits of the company.
me preferred stock or any part thereof
may De retired by the board of directors
ont Oh any undivided profits or surplus.
three months from the date of its issu
ahce, or at the end of any succeeding
hnohth, upon the payment to the holder
the par value only and all dividends due
10 the date of payment.
The capital stock of this cornorotion
lars (s50.OOO.OO). '"N uO'
No stakeholder of this corporation shall
sen, or offer to sell. any common stock of
this corporation owned by him until no
shall have first offered the same TO each
.. the other common stockholders there
OF Tor period of fifteen 15) days. at
me DOCK value of said stock. This offer
snal De made in writing to the board of
directors of this corporation, through the
secretary. who shall, for that purpose. be
considered the agent for the remaining
common stockholders, who shall have the |
right 10 purchase same at said book value |
them" ~
And the said appearer moreover de-
cared that in consequence of the forego- |
ing ana pursuant to the authority in him |
vested by the stockholders of said com |
pany, he does hereby formally declare |
publicly and make known that in the |
manner prescribed by law and agreeably |
70 the provisions of the charter of the said |
New Orleans Realty Investment Co, Inc
has been changed, altered and amended
rs hereinaboye set forth and written, and