The herald., 1922-05-18
AMENDMENT TO CHARTER OF
ORLEANS-kENNE TRACTION
COMPANY INC

United States of America State Of
Louisiana, Parish of Orleans. City Of
New Orleans BE il known and remem-
bered. that on this 26th day of the month
of April, 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 hundred and
forty-sixth: Before me, Stamps Farrar'
Notary Public. duly commissioned,
sworn and qualified in and for the Par
ish of Orleans. State of Louisiana, there
in residing, and in the presence of the
witnesses hereinafter named and under
signed; Personally came and appeared,
Alfred c. Hammer. president, and Maurice
II. Rooney. secretary. OF Orleans henner
created by and existing under the laws
of the State of Louisiana, by an act be
fore Alfred c. Hammer. Notary Public,
Parish of Orleans, State OF Louisiana.
Mortgage Office of the Parish Of Orleans,
State of Louisiana. in Book 1913. Folio
412, 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 4l2, 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 400
| o'clock p. M; that notice OF said general
meeting of said stockholders was waived
! and the original of said waiver of notice
was ordered attached to the margin of
the minutes and a copy thereof spread In
| the minutes;
And the said appearers further declared
| that at said general meeting of the stock
holders of the Orleans Kenner Traction
| Company. Inc, ii was resolved by a
| unanimous vote of all Of the stockholders
| of said company present at said meet
| ing, to-wit. by all OF the stockholders of
the company owning the entire outstand-
| ing capital of the company, that the CAPT
| tai stock of said company be increased
from 100000 to S135O00.00 by the issu-
| the par value of $4,000 each, the 80
/ shares of stock of the par value of 500 90
| each now outstanding to be and become
| common stock.
| And the said Alfred c. Hammer and
| the said Maurice ii. Rooney, respectively
the president and secretary of Orleans
Kenner Traction Company, Inc, further
declared that at said general meeting OF
| the stockholders of Orleans-kenn Trac-
ton Company, Inc, it was resolved that
the officers of said company be author
lied, empowered and directed to take
such steps as Ray be or become neces,
amendment to the charter.
Whereupon the said Alfred G. Hammer
president, and the said Maurice III
Rooney, secretary, of Orleans Kennel
they do now appear for and in behalf
Of said Orleans Kenner Traction Com
pany, Inc. for the purpose of makini
effective the action or the stockholders o
said company by embodying the sait
amendment in nOtarial form. and the!
now declare unto me, Notary, mat Articl
Nv, of the charter of the Orleans-kenne
Traction Company, Inc, shall be and ]
amended so as to read as follows. to
! wit:
ARTICLE Iv-The capital stock o
this corporation is hereby fixed at On
Hundred and Thirty-five Thousan'
| follows t0-w
One Hundred and Thirty Thousan
(s13O.OOO.O0) Dollars Of preferred stoc
!, represented by 1900 shares of the pa
!. value OF $4,000; and Five Thousan
resented. by fifty 500 shares of the pa
value of One Hundred SlO0.O0) Dollar
each.
Preferred stock shall be and is entitle
: to preference and priority over the com
, mon stock in the following manner, to
wit: to receive cumulative dividends q
, the rate of seven (7Go) per cent per ar
: mum, payable in one or more installment
: as the board Of directors may determin
before any dividend on the common stoc
, shall be paid: and upon dissolution {
!, the corporation. after all Of it's debt
! sets. property and effects shall be ar
piled to the payment Of the preferre
@ stock at par, with any unpaid dividen
accumulation thereon and before any pay
a ment is made to the holders Of the con
q mon stock; the balance remaining sha
. then go to the payment of the outstant
v ing common stock pro-rata; The con
| mon stock shall be entitled to all m
8 earnings and profits in excess of II
!, cumulative dividend Of seven TTo) ~
q cent per annum to be paid on the pr
a ferred stock as herein provided.
o All or any part Of the preferred stoc
/ | as may, from time to time be determine
Q by the board of directors, shall be sui
). ject to redemption and retirement out
! net profits or earned surplus or any 9th
= funds authorized by law at par and accrue
n dividends, provided that notice Of such Il
q tention to redeem and retire be publish'
a for five consecutive days in a daily new
paper in the City Of New Orleans. sta
IN Of Louisiana.
n IL any amount less than the whole
a the outstanding preferred stock shall
10 retired then the retirement shall be on
m pro-rata basis so that each stockhold
n. shall contribute his quota to the stock
~ be retired.
m The preferred stock shall have and 9
n Joy no voting powers whatsoever.
N The present outstanding capital sto
q Of this corporation, to-wit: fifty {;
20 shares of the par value of $4,000 ca
@ shall be and become the common ste
n Of this corporation as authorized here
Of Notation of this change shall be made
no the certificates representing said sto
said common stock shall possess all V
,al ing rights and powers notwithstand