The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.
AMENDMENT TO HARTER OF PELI-
CAN COLD STORAGE WARE
HOUSING COMPANY, LTD.

! United States of America. State of Louis
/ lana, Parish of Orleans, City of New Or
| leans, BE il known, That on this 18th day
of the month of July, 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 hun
dred and forty seventh, before me William
J. Guste, a notary public duly commits
| stoned and qualified in and for the Parish
| of Orleans State of Louisiana, therein
residing, and In the presence Of the wit
| nesses whose names are hereunto sub
scribed. personally came and appeared.
| Chas H. Behre the president of Pelican
Cold Storage & warehousing Company.
Ltd. corporation duly created and or
ganiZed under the laws of the State of
Louisiana. by act before J. Marshall Quin-
tero, notary public, on the 10Th day Of
February, 1904. recorded in the Mortgage
Office for the Parish of Orleans, in Book
ISL, folio PAT. who declared that at a
special meeting of the stockholders of the
Company. Ltd. held on the 9Th day of
July. 1922. being an adjourned meeting of
the stockholders adjourned from the Goth
day of June, 1922. at which meeting all
of the capital stock of said corporation
was represented by the owners or holders
thereof, in person or by proxy, it was un-
animOusly resolved that Articles Nv, V,
VII and VIII be amended to read as fol-
lows:
Iv.-The capital stock. of this CORPORA
ton is hereby fixed at S75O.0OO. divided
into and represented by 1900 shares of
the par value Of 500 each. Said stock
shall consist of two classes, namely. of
Common Stock and of Preferred Stock.
Section /. There shall be issued Pre-
ferred stock to the extent Of $100OoO di
vided into and represented by 1000 shares
of the par value Of 500 each. This Pre-
ferred stock shall be entitled. in prefer
ence to and In priority over the Common
Stock Of this corporation, to a dividend in
each year at the rate of seven per centum
l1%) payable out of the profits of the
Company. The said stock shall be en-
titled to no other or additional dividend
or share Of the profits or earnings Of the
company, except the aforesaid 70, which
said dividend shall be cumulative No
dividend shall be paid on the Common
Stock until the aforesaid cumulative divi-
dend of 10 on the aforesaid Preferred
Stock shall have been declared and set
aside for payment to the preferred stock
holders. The dividends due on the pre-
ferred stock hereunder shall be paid by the
company without deduction for any tax
'ow or hereafter levied under the author
ity of the United States or of the State
OF Louisiana or any political b-divisioT
thereof. In the event of the liquidation or
dissolution of the corporation from what
ever cause, voluntary or involuntarily
the holders of the Preferred Stock shall
be paid by preference, in full over the
holders OF the Common Stock, the par
value of their shares. together with any
dividends unpaid. at the rate Of 10 per
annum to the date Of dissolution or liqu-
dation. No voting power shall be vested
In or exercised by the holders of the
aforesaid Preferred Stock except as neces-
STATED under the laws Of the State of
Louisiana. AT any meeting, general or
special, the board of directors shall have
full and complete authority to retire the
whole or any part of the outstanding Pre-
ferred Stock upon setting aside for pay
ment to the holders of the same $105 per
share and all dividends due thereon. No
tice OF such meeting shall be given for
t thirty days, either by publication in
leans once a week during said thirty
days, or. at the option of the board Of 'dj-
rectors, by sending written notice TO the
stockholders at the last known address
should any of said stockholders b. un-
willing to receive the amount due for re-
firing the stock. or should the address of
any of the stockholders be unknown, then
the amount necessary to redeem such
stock shall be deposited in any bank or
trust company in the city Of New Orleans
and notice thereof shall be sent by re-
gistered mail to the last known address
of the owner of the stock, and IL no ad-
delivery, New Orleans. From and after
the time that the sum due shall be de-
posted with the bank or trust company
as aforesaid, the same shall be at the
entire risk OF the stakeholder, and all re-
sponsibility of the company shall termi-
nate and all interest Of the stakeholder
shall cease, and all rights and claims of
any kind or character against the COM
pany arising out of the holding or owner
ship OF said shares shall cease Should
portion Of the said stock only be retired
then the number of shares so retired shall
be distributed proportionately among the
holders of the said Preferred Stock and
any fractional shares may, at the option
OF the board Of directors, be retired by
retiring share, more or less, as the d.
rectors may determine.
Section 2. The Common Stock of this
corporation is fixed at the sum of $3.50. 900
divided into and represented by $500
shares of the par value Of 500 each. The
Common Stock shall be entitled to all diyi
dends earned and declared by the board
or directors, subject only to the proyi.
SONS hereinabove set out with respect TO
the prior payment Of dividends TO the pre-
ferred stockholders. In the event of the
dissolution or liquidation for whatever
cause, voluntary or involuntary, the rights
or the Common stockholders to share in
the distribution Of the assets of the cor
poration shall be deferred to the rights of
the Preferred stockholders as hereinaboye !
provided. All voting rights and powers I
OF this corporation shall be vested solely |
In the Common Stock, except as otherwise |
provided by the law Of the State Of Louis |