The herald., 1922-06-01
AMENDMENT TO CHARTER OF
ORLEANS-kENNER TRACTION
COMPANY INC

United States of America. State Of
Louisiana, Parish of Orleans, City OF
New Orleans. BE it known and remem
bered. that on this Goth day Of the month
OF April, in the year of Our Lord, one
thousand. nine hundred and twenty-five
and Of the Independence of the United
states OF America. the one hundred and
forty sixth: Before me. Stamps Farrar
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
n. Rooney. secretary. Of Orleans Kenner
traction Company. Inc, corporation
created by and existing under the laws
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
Az, and in the office of the secretary OF
state Of the State of Louisiana. at Baton
Rouge, Louisiana. in Book Record OF
Charities" No. 1919. Folio 412 on the 9th
day of April 1915 who declared unto me
Notary, that a general meeting of the
Company, Inc. was held at the office of
the company pay in the City Of New Orleans.
on the 10th day of April, 1922. at 100
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, 1t was resolved by a
unanimous vote OF all Of the Stockholders
Of said company present at said meet
ing, to-wit. by all % the stockholders Of
the company owning the entire outstand-
ing capital of the company, that the capi-
from s5,OOOOO to s1s5. 600 90 by The issTi
ahce or 1,3OO shares of preferred stock of
the par value of $4,000 each. the 5l
shares Of stock Of the par value of 500 90
eacn now outstanding to be and become
And the said Alfred c. Hammer and
the said Maurice III. Rooney, respectively
the president and secretary of Orleans
s kenner Traction Company, Inc. further
the stockholders of Orleans enner Trac.
t,oh company. Inc. it was resolved that
the Officers Of said company be author
ized, empowered and directed to take
sary to make effective the foregoing
amendment to the charter
Whereupon the said Alfred G. Hammer
PRESIDENT and the said Maurice ii,
traction traction c sSTe5apy of of Orleans Kenner
they do now appear for and in bebait
OF said Orleans Kenner Traction Cnn
pany: Inc for the purpose of making
e enc the action or the stockholders Of
SAID company by embodying the said
amendment in notarial form, and thew
now declare unto me, Notary mat Article
~, or the charter OF the Orleans-Kenner
Iraction Company, Inc. shall be and IS
S wit. SO as to read as follows. to-
=, ARTICLE Iv-The capital stock Of
Inls corporation is hereby fixed at One
fs1as red oo and Thirty-five Thousand
o One HUndr pS'lar aSs as rt follows to-wit
.SlSoVWOO) Dollars Of preferred stock |
represented by 1900 shares of the mar
SsI lee OF $4,000: and Five Thousand |
.SSwo9, Dollars Of common stock, rep |
zach. "'0O' Doliars
Preferred stock shall be and is entitled |
o preference and priority over the com
T;t. t 80 n In the Following manner. to-
ne rate OF seven C7o5) per cent per an
ium payable In one or more installments
Is the BOARD Of directors may determine
' 'eaT any dividend on the common stock
ne corporation, after all of its debts
man have been paid. the remaining ss.
ets, property and effects shall he an
,neI 10 10 the payment of the preferred
ccumulatiOn thereon and before any nav
nent Is made to the holders of the com
non stock; the balance remaining shall
ne men GO to the payment of the outstand-
ng common stock pro-rata. The com
non stock shall be entitled to all net
arnings and profits in excess of tbe
u umuiatlve dividend of seven (7os) per
erred stock as herein provided
All or any part of the preferred stock
s may, from time to time. be determined
y the board Of directors. shall be sub
81 10 redemption and retirement out of
ct profits or earned surplus. or anv other
inds authorized by law at par and accrued