The herald., 1922-06-15
May1s- June22.
AMENDMENT TO CHARTER OF
ORLEANS TRACTION
COMPANY INC

SUITES OF America, state o.
Louisiana. Parish Of Orleans City Of
New Orleans. Re it known and remem
bered, that on this 26th day of the month
of April, in the year of Our Lord. on,
thousand. nine hundred and twenty-five
and of the Independence of the Tnitee
states OF America. the one hundred anf
forty sixth: Before me. Stamps Farrar
Notary Public. duly commissioned
sworn and qualified in and for the Par
tSh of Orleans. State of Louisiana. there
in residing, and in the presence of tn,
witnesses hereinafter named and under.
signed; Personally came and appeared
Alfred e. Hammer. president. and Maurice
II. Rooney. secretary. of Orleans enner
Traction Company. Inc, Corporation
created by and existing under the laws
of the State of Louisiana. by an act he.
fore Alfred c: Hammer. Notary Public
t tarlSh Of Orleans, State OF Louisiana
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 1918. who declared unto me
Notary. that general meeting of the
stockholders of Orleans Kenner Traction
company, Inc, was held at the office of
the company in the City of New Orleans.
on the 10th day of April. 1922. at 90
O'Clock p. m: that notice of said general
meeting of said stockholders was waived
ana the original of said waiver Of notice
was ordered attached to the margin of
the minutes and a copy thereof spread in
the minutes:
Ana the said appearers further declared
that at said general meeting of the stock
holders Of the Orleans Kenner Traction
Doanpany Inc, 1t was resolved by n
unanimous vote OF all of the stockholders
OF said company present at said meet
ing to-wit by all % the stockholders of
me company owning the entire outstand-
ing capital or the company, that the capt.
taI stock of said company be increa sed
from s5OO000 to S135. 10000 by the issu
ance or 1,3OO shares of preferred stock of
tne 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 G. Hammer and
the said Maurice II. Rooney, respectively
me me president and secretary Of Orleans
d onI iraction Company, Inc. further
ueclared that at said general meeting of
me stockholders of Orleans Kennpr Trac-
non company. Inc. it was resolved that
the OFFICERS Of said company be author
lzra' empowered and directed to take
sary to make effective the foregoing
amendment to the charter.
Nhereupon the said Alfred e. Hammer.
PPr oon and the said. Maurice H.
Traction Company. Inc. declared that
they do now appear for and in bebaN
OF said Orleans Kenner Traction Com.
nany: Inc. for the purpose of making
efiectiye the action or the stockholders Of
SAID company by embodying the said
in nOtarial form and thev
now declare unto me. Notary. mat Article
~, OF the charter Of the OrIeans-Kenner
lra"tlon Company. Inc. shall he and is
wit: i0"'"S' 'o-
ARTICLE IV-The capital stock Of
ms ms corporation Is hereby fixed at One
lsn m. red ~ and Thirty-five Thousand
One Hundred and Thirty Thousand
CSl3O.O00O0) Dollars of preferred stool
renresented by 1900 shares of the mar
I Iu Of $4,000; and Five Thousand
.SS:Ooo.9ol Dollars 81 common stock. rep
value Of One Hundred (s10OOO Dollars
each. N' Doii"is
Preferred stock shall he and Is entitlad
% preference and priority over the com
VT: TO receive cumulative dividends AZ
ne rate or seven (7ot) per cent ner an
lum: PAYABLE in one or more instalIments
Is the board Of directors NAV determine
leIore any dividend on the common stock
'hall he paid: and. upon Dissolution NJ
he corporation, after ALI ~ its arr
man nave been paid. the remaining as
CTS property and effects shall he an
,ned TO the payment of the preferred
1ock ~ par with any unpaid dividend
49, a.. 'n'levh ana DefOre any pay
nent Is made to the holders of the com
non stock: the balance REMAINING sbau
hen 20 to the payment Of the outst,nJ.
ne common stock pro-rata. The com
non stock shall he entitled to all net |
arnlnCs and profits in excess OF the
dividend Of seven (7ct1 ner
ent per annum to he paid on the nre-
erred stock as herein provided.
All or any part Of the preferred stool,
$ may. from time to time. be determined |
the board Of directors. shall be sub
act to redemption and retirement ont .,
ct urofts or earned surplus. or any other
lnds authorized by law at par and accrued
ividends, provided that notice OF snch in