The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-25
AMENDMENT TO CHARTER OF
ohLEANS-kENNER TRACTION
CONPANV
May1S- June22.

United States of America, State O
Now lana Parish of Orleans, City o.
bersd o thet he It known and remem
or April, in the year of Our Lord. on,
thousand, nine hundred and twenty -tw,
and OF the Independence of the United
forty-sixth: Before me. Stamps Farrar
Notary Public. duly commissioned
sworn and qualified in and for the par.
ISM or orleans. State Of Louisiana, there.
witnesses hereinafter named and under
| signed Personally came and peared
Alfred Z. Hammer. president. and Maurice
T,on Rooney; secretary; of Orleans Kenner
created by and existing under the laws
OF the State Of Louisiana, by an act he
fore Alfred c: Hammer. Notary Public.
d darlSh No. 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
S STATE OF the State Of Louisiana at Baton
charities" No. 1919 Folio 412. on The o7th
gay OF April 1918, who declared unto me
'Sotary. That a general meeting OF the
SS.ocknoIders of Orleans Kenner Traction
1.LohPany' Inc. was held at the office of
the company in the City of New Orleans
on the 10th day of April, 1922. AT 4 .Osi
CLOCK p. m; that notice of said general
an ee', .h OF said stockholders was waived
was ordered attached to the margin Of
the minutes; 'piedu Ill
=, ana the said appearers further declared
h tnad az SAID general meeting Of the stock
noIderS OF the Orleans Kenner Traction
company. Inc, 1t was resolved hv q
unanimous vote Of all of the stock holders
oI sald company present at said meet
ing hs' to-wlt, by all OF the stockholders Of
me company owning the entire ontstapS.
ing capital of the company. that the cani
taI stock of said company he increoSnd
rom 100000 to s135OOOOO by the issu-
s the OF l'5o1 shares Of preferred stock Of
the par value of $4,000 each. the N
snares of stock of the par value Of 500 on
common stock. anu oeeon'c
~, And the said Alfred C. Hammer and
Inc president and secretary OF Orleans,
henner Traction Company, Inc. fnrtber
that at said general meeting ~
t tion sEIockholders of Orleans Kenner Trac
non company. Inc. Il was resolved tbot
ne Officers Of said company he antbnr
, Zed, empowered aSd directed to take
such steps as may be or become neces
,mons TO make effective the foregoing
Whereupon the said Alfred G. Hammer
poona eht' and the said Maurice H
secretary, of Orleans-Kennar
faction Company. Inc. declared that
hey DO now appear for and I'm baboit
n said Orleans Kenner Tract,on p CnaI
,ny. Inc, for the purpose of motino
lirctive the action or the stockholders ~
n,d company by embodying the said
ow decIaro IN notariaI form, and they
". OF the charter of the Orleans Kenner :
Ihcuon company, Inc. shall he and &c |
~. so as to read as follows, to- I
ARTICLE Iv-The capitaI stoct n, !
ms corporation is hereby fixed ~ ope
,Iss non oo and Thirty-five Thousand '
'no:VIIo) Dollars. as follows to-wit: $
TAO. 600 om nol,o. and Thirty Thousand t
presented by 1900 shares of the mar :
J, .I1 noo or $4,000; and Five Tbousand r
,San.cy dollars Of common stock, rem (
Inn oS NIFTY (5O) shares OF the par s
Ich ohe hundred S1O00O) Dollars
reIerred stock shall he and IL entitled d
on 800 and priority over the COM u
n. soock IN the following manner. to- s
e rate Of seven C7%) DER cent nar az
~; payable in one or more instaIIments q
!, me board Of directors NAV determins 81
ali any dividend on the common stock n
e corporation an aftos upon dissolution of o.
al nave been paid. the remoinino or m
ied P,roperty and effects shall be an .,
,ck at p pae p Miyb of the preferred t
thereon and bafora u,vidend a.
mt Is made to the holders Of tbo Gay pan q
-, "a STOCK; the balance REMAINING shall G.
n c eo to the payment of the outstand- te
m Stoot s,ock pro-rata. The com d.
,nlngs and profits in excess Of t nes of
y, tu,atve dividend Of seven (7oL1 nar ar
=, IA per annum to he paid on the npe.
req %, stock as herein provided pre-
vi or any part Of the preferred s,oo,. n,
nay from time to time. be determine O,
'ne BOARD OF directors. shall he snhI
20 redemption and retirement ont ., st,
A. pr ors or earned surplus. or any other HI
a. astnor1ked by law at par and accrued Or
- - .