The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-09
CHARTER.

, CI1An En-.
been paid or set apart for payment.
Should there be an excess OF profits over
o per cent, then one-quarter of said eX-
cess profits shall be further applied as
profits on the preferred stock. and the
remaining three-quarters of such profits
shall be applied as prOtits on the common
stock
In the distribution OF assets upon Iiqui
datiOn other than profits there shall be
paid, so far as the same will go-frst.
upon the preferred stock the amount of
the par thereof and the amount of the
then unpaid dividends, IL any; next.
should there be further assets for dis
tribution, One-quarter thereof shall be
paid upon the preferred stock, and the
remaining three-fourths thereof upon
the common stock.
All voting powers OF this corporation
shall be vested in and exercised by the
common stockholders exclusively, and in
all elections Of directors and otherwise
the holders of preferred stock shall have
no voting power.
In the event Of liquidation or dissolu-
| ton of the corporation and in the in
crease or decrease Of its capital stock.
| and under such circumstances only, the
owners of the preferred stock shall have
the same voting power as the holders of
the common stock. This corporation
|
concern as soon as Fifty Thousand Dol
| lars of its capital stock shall have been
| subscribed. The capital stock Of this
corporation may be increased to the sum
of Two Hundred and Fifty Thousand
, Dollars $3.50 OO00O) by increasing either
vided holders of two-thirds of the stock
| Of the corporation so determine, at a
| special meeting called for that purpose,
or at regular annual meeting of the
corporation: During the time preceding
such meeting to increase the capital
stock the stockholders shall have the
privilege of taking additional shares in
the proportion which the shares held by
| them bear to the capital stock of the
| corporation prior to such increase, and
| any such shares not taken at that time
may be disposed of by the directors, in
| their unrestricted discretion, for the ben.
| eft of the corporation. at not less than
| their par value. All stock shall be paid
| for either in cash, In property conveyed
to the company, or for services rendered
as provided by law, in such manner and
installments as the Board Of Directors
may determine, and such stock shall be
full paid and non assessable. The Board
| Of Directors is hereby, in its discretion,
vested with full power and authority
to declare and issue stock dividends.
right to sell any of the shares held by
him without first Offering the same, in
writing to the corporation, through its
Board of Directors. and the said Board
shall have the privilege of purchasing
said shares within thirty days there
after, for cash, at their book value, &C
cording to the inventory last made.
And the said appearers in their said
respective capacities further declared
that under the authority in them vested
as President and Vice President, respec-
lively, of the said company, by the afore
anN1 ~I,,NsA -
the said meeting of the stockholders Of
said company, they, said appearers, de-
clared in their said several capacities for
and on behalf of said company that
ARTICLE Nv Of the original act Of in.
corporation of said company, passed be-
fore BENJAMIN DRY, Notary. dated
May 2, 1921, has been modified, changed
and amended so as to hereafter read, and
be, and exist as is hereinbefore written
and set forth; and that they hereby au
thorize and require the recording and
publication Of said amendment and alter
alton in the manner required by law, to
the end that the same shall hereafter
and at all times be binding upon the
present members and stockholders Of
said corporation, and all such person or
persons who may hereafter become such.
Thus done and passed in my office at
New Orleans, La, on the day. month and
year first before written, In the presence
Of Miss Sophie F. Gerken and Miss Marie
Mabel Delhomme, both competent wit.
nesses Of lawful age, residing In this city
and parish. who have hereunto signed
their Names together with the said ap-
bearers and me. Notary, after due read
ing Of the whole.
(Original signed:)
J. B. MoNTERos.
President;
A. EHNI,
vice-President.
witnesses:
SOPHIE F. GERKEN,
NJ NJ. DELHOMME.
BENJAMIN DRY.
Notary Public.
I, the undersigned Recorder Of Mort
cages in and for the Parish Of Orleans
in the State Of Louisiana. do hereby Ger.
tify that the above and foregoing act
TEROS & CO.. INC, was this day duly
recorded in my office In book 1893, folio
109 In faith whereof have signed these
presents at New Orleans. La, on the first
day of March, nineteen hundred and
twenty two.
RoBT. SCOTT, by. Rec
I, the undersigned, do hereby certify
the above and foregoing to be a true and
correct copy OF the act Of amendment to
the charter Of MONTEROS & CO.. INC,
on file and Of record in my office, to-
gether with the certificate Of the Recor-
der Of Mortgages appended thereto. In
faith whereof have hereunto signed my
name and affixed my official seal Mt New
Orleans, La, on this first day Of March,
1922
(signed) BENJAMIN DRY.
(SeaD Notary Public.
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