The herald., 1922-09-28
THE HERALD, ALCIERS, LOUISIANA
CHARTER.

SI1ATtl Ell.
Il way, buss line, electric light and powe
e and gas companies, o any company doin
h any business in whole or in part similar
q that for which this corporation is estat
IT ltshed, or as may be now or shall here
after be permitted by law: to purchase
Y acquire and own any or all of the prom
: erty, assets, franchises and the stocks an
bonds and other securities OF any corpor
, atlon or corporations organized under tn
u | laws or this state or OF any other stat
; for all or any of the purposes herein de
: fined or incidental thereto and to guar
antee the bonds or other obligations an,
10 dividends on the stock Of any of said cor
poratiOns; and generally to do and per
form any and all acts and things and I,
Q acquire, hold and exercise any and al
! rights, powers, privileges and franchise
: as relate to the objects herein set forth
, or any Of them. or such as may hereafter
be conferred by law upon corporations O
{ this character.
, ARTICLE IV.-The capital stock Of thi.
corporation is hereby declared to be and
is fixed as follows:
Two thousand five hundred $50 500 OO)
Dollars of preferred stock represented BY
twenty five (25) shares Of the par value
Of one hundred $4,000 Dollars each; and
Two thousand five hundred $4,000 .OO)
collars OF common stock represented by
twenty-five t25) shares Of the par value
of one hundred $4,000 dollars each.
The preferred designations. voting
powers restrictions and qualifications of
the preferred stock shall be as follows:
The preferred stock shall be entitled in
preference TO the common stock to divf-
bends at the rate of ~ per annum paya-
PIE quarterly or semi-annually as the
| board or directors shall determine and
such dividends shall be cumulative from
anu atter the Gate of issue thereof No
dividends shall be declared or set apart
for payment on the common stock until
an dividends then accrued on the preferred
ment P"'
In any distribution of assets other than
by dividends from surplus or profts
whether voluntary or Involuntary tbs
preferred stock shall also have preference
over the common stock until the fulI nav
,aIue ihereof and 70 per annum thereon
from the date of issue thereof shall bsv.
been paid by dividends or distribution
me preferred stock shall not receive any
dividends from surplus or profits in ex.
ss OF SAID par value and the amount
OF such accumulated dividends unpaid
thereon' but the common stock alone shall
distribution. ="
All but not less than all Of the pre- |
,tI STOCK shall be subject to redemp- |
lion NJ the option Of the corporation upon |
any dividend date at its par value and
accrued and unpaid dividends therein 70 /
the date fixed for redemption upon tho
oS'e OF nor less than majority in interest /
". .He outstanding common stock Notice |
OF the intention Of the company 10 redeem
the preferred stock shall be mailed thirty
Jays before the date OF redemption to
each holder of record Of preferred stock 90
his post office address appearin. mon a.
nookS or the company, and upon the de-
post or the aggregate redemption nrico
WIN any national bank or trust company
IN the City Of New York named In sucb |
noltce. PAYABLE to the order of tho racorJ |
nolderS OF the preferred stock on endorse
Hnt1 ana surrende Of their certificates.
0n.9 holders shall ut the expiration of said
notlce cease to he stockholders Unon
any issue Of additional stock OF tho carn-
nahy OF any class no holder of outstand-
.nE STOCK or any class shall he entitled o.
,r Imt ny reason of such stock holding to
for. purchase or receive anv
'oruon or the additional stock SO issrad
'ut the board Of directors Of the comnonv ,
my dispose OF all or any portion OF sncb
n tb io''f e. STOCK without offering the same
y me hrst instance TO the Stockholders Z
hase iP'ioh OF pnr- I
ne preferred stock shall not entjtIa any 1
,olier thereof 10 vote at anv meeting q, @
- n,hon or election of the corporation r
= olhSrWise 10 participate in any action =
iheh ny the company Of Stockholders ox .
~. as NAV be required by law: and ey- b
~ unIt II ar anv time the accumulated o
M UNPAID dividends on tho nrofarr.i
'ocK To the last dividend date shan e1roi -
~ 'S''Vul dollars per share n MEETING | >,
.ne StocKholders for the election OF d. | \
'IiN small No called in accordance with 1 I
10 bN-IawS upon the request Of tba boId 7 y
rs OF record Of ten 1Oc.) nor cont "
.ore or the preferred stock then outstanJ :.
TX ana at such meeting and M all otbar =
"e,ines OF stockholders for the eIaction :"
directors held while any dividands
M preferred stock to the dividend an q
81 preceding such meeting remain un5ee d
hI,d me holders Of such preferred STOCK ;
Ia sn,ltied 10 vote alOng with the =
pIders or the common stock for the eIac- \
On OF directors. and for that nurno.a IN. le
III o, 1ach share OF said preferred y
"ck shaIl he entitled to one vote for Zach X
vote H shar o ned by him: but such right L
Not' snail cease whenever all such ,c
AIRED. nave oeeh oe- ~
rms corporation shall he entit,.a >. p'
gin business when fifty (5Oesl per cent al
on r"e aggregate Of its preferred and com as
vi SlpcK as hereinabOvp fixed shall have CO
en subscribed and paid for as reon,red
All stock shall he maid for in cash A. m
" ne issued for labor done or service, pr
onnr .eu LOT said corporation or for IL
"pertN rights actually received nv - W
The amount to which the canit., s,oo,. to
inns corporation NAV he incroaso5 IA
~ corporate action Is hereby daci,ra5
NJ, one hundred million $500 600 OOo Ool
raofto anu any increased stock now or fiv
's,rIIer hnthor1Zed NAV he Of the hind, co
r,asSes herein prescribed or NAV he a. 1O
'oie or In mart Of other kinds or c,.ssns II
s'ock winch may he created and ,utbor Sc
" Win such preferences and nrioritias on
'ether In dividends and Iiouid, t;on W.
.erwISe over or with respect 70 anv ~ NJ,
: xmas or classes now created ., WI
uHe hereafter existing, and with srch
slrnations and voting powes az sun
prescribed eoi as may
aRT1CLE V-The corporota nou ga
= rornoration shall he vested In "a st;
prcised by board Of directors an the
imposed or FIVE (5) stockhoIdcrs e. ~ wa
,,eu annually at general MEETING q, ito
" sIocE hoIders to be held on the tbird in
nsnay IN January IF each wear me-
Nv or the board ~ directors shall CON | 4
.te quorum for the Transaction of
s an, unless the bylaws Of this cor. ,
,anon, adopted nv the board Of direc- i
= snail provide for n lesser number mel
,otice OF such meeting and Of all otbor tar
'hhoIders meetings shall be given In mas
manner prescribed by law, and when cor
, so prescribed. then written notice % arr
n meetings shall he addressed 70 each INV
cKnolder at his last known nIaca os
iuence and deposited in the most o.
!, at least Fifteen 15) DAYS before the ,
. OF said meeting. postage prepaid A.
bylaws OF the corporation NAV nro. Aui
E TOT any additional form of notice, -
I all such elections and at all cor- -,
ate meetings. holders of common stoct y"
tnls corporation alone shall be entitIoS
vote. except as hereinabove nrovidod. T.
or