The herald., 1922-05-25
ENDMENT TO CHARTER OF \Ew
ORLEANS REALTY INVESTMENT


United States of America. State of Uoris
Iaans fariSh of Orleans. City of New or
| Ians' DE IL known, that on this Inn do,
OF the month of April in the vaor 90 ga,
Loru one thousand, nine hundred an,
| "ehty-two, before me, Edward r. Ellis
'?tS pubic, duly commissioned anT
az nrIa IN ana for this city and Parish
VI orIeanS therein residing and in RI,
presence of the witnesses berain en-
naLheu ana undersigned. personally cam
anu appeared: +. j. Kefler, secretary VIII
$500 that a general meeting of tbe
99tockhoiders of the New Orleans Raolty
investment Co., Inc. a cornoratian o.
canned by act passed before NJ. = Drei.
i notary, on March %, 1922 recorded
n "a w. -. u; l26S, folio 167, held at the
ONCE OF said company. on Anrii ~ ,o5o
authorized as appears by ronv o. -
Iesolutlon of the stockholders hereto at
tdChed ana made a part hereof. To annea >
said Gre me Tor the purpose of amending
And the said appearer. rs secratorv .,
G 5ne Sald New Orleans Realty Investment
D. inc. and acting in said canacity ana
oF re pehan or said corporation by virtue
the general meeting of the etao, mn at
vi sald company, declared that Article ri
P tne Tharter of the said New Orleans
heaIly investment Co, Inc. has hen
follows: ehueu 10 read as
:. Inc capital stock of this corporo,ior
nao oon at twenty thousand dollars 6s2O
TVO.ool' divided into seventy-fiye "C5En
and t,, Vi common stock and one hundred
ssock tpreferred stock to be non-votin1I
1s,oa pa pr value, Of one hundred doIIaIs
WlIV'vol each, to be paid for i'm cash at
Jatd tiine rs the board of directors may
uttterihlne or which may be issued for co.
vice rendered or for property or rigbts
ton. u the corpora
onir ne 70 pe S,n, stock shall be entitled
than eight per cent. (Sc,) ne mo- NJ isss
Slded by a full board, payable as The
Dodru OF directors may determine which
snail be cumulative. ""ien
ip,oraton. the preferred stock shall no
l.quidated at par, before the common
T.; IN, OUT snail have no further Interest
III tine 1ne assets or profits of the company.
NAV hi p,eI ti stock or any part thereof |
ny De retired by the board of directors
pnt OF any undivided profits or snrnIns
.n[ee months from the date of Ire iSsn |
ance: or at the end of any succeeding
tho na, upon the payment to the holder
me par value only and all dividends dna
20 the date of payment. uue
nav capital stock Of this corporation
nay nay De increased to fifty thousand dol
ars (SJ0,00O.00) u'dnu uol-
no stockholder of this corporation shall
en, or offer to sell, any common stool 90
Ms corporation owned by him untiI ba /
nan ~ nave first offered the same 70 each Il
y me other common stockholders there
h. h LOT period of fifteen 15) days, at
ne he, ppok value of said stock This offer
nan be made in writing to the board OF
I1ec!ors OF this corporation, through the
e ey, who shall, for that purpose. be
o omsIuered the agent for the remaining
omihon stockholders. who shall have the
lsnt TO purchase same at said book yalue
bor proportion to the stock owned by
ana the said appearer moreover de-
* ana pursuant to the authority I'm him
ested by the stockholders of said com
any, ne does hereby formally declare
uonciy and make known that in the
tanner prescribed by law and agreeabIv
the provisions Of the charter OF the said
ew orleans Realty Investment Co. Inc,
as Deen changed, altered and amended |
hereinaboye set forth and written. and