The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-31

United States of America, State of
Louisiana, Parish Of Orleans City of New
Orleans, Re ii known, that on this 9Th |
day of the month of August, 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 seventh, before me, |
William J. Guste, notary public duly |
commissioned and qualified in and for |
the Parish of Orleans, State of Louisiana. |
therein residing. and in the presence of
the witnesses whose names are hereunto |
subscribed. personally came and appeared
Lucas F. Moore the vice president of Lu
cas- +. Moore Stave Company, n corpora
ton duly created and organized under and
according to the laws of the State of
Louisiana. by virtue of Of an Act Of In
corporation passed before Charles II.
SOniat. notary public, on June 18th. 1909.
recorded in NJ. o. Il. S13, folio 662; which
charter was amended by act before Charles
T. Soniat, notary public. on May 10th.
| 1911, recorded in NJ. O. Il. 1OlS. folio 6il
also by act before NJ. c. Soniat, notary
public, on June 18th. 1914. recorded in NJ
o. u. 1927 folio 173; also by act before
Philip Gensler, Jr., notary public, on
| March 10Th, 1916. recorded in Mortgage
Office for the Parish Of Orleans in book
1925 folio 354: also by act before Philip
Gensler. Jr. notary public, on March Is.
1917. recorded in Mortgage Office for the
Parish Of Orleans in book 1906. folio 400;
tary public. May 9th. 1918. recorded N.
q. p. =, folio -; also by act before VIII
liam J. Guste, notary public. August "a,
1920. recorded in NJ. o. Il. 1916. folio 115:
| Who declared that a special meeting of
the stockholders of Lucas f. Moore Stave
Company, held at the office of the corpo-
ration, on the oath Of July. 1922. at which
meeting all Of the capital stock of said
by the holders and owners thereof in per
son by poXy. II was unanimously re-
seolved that Articles " and V of the char
ter Of the corporation be amended so as
FAnI
ARTICLE IV-The capital stock OF this
corporation is hereby declared to be one
million. four hundred thousand dollars
(s1, 400, OOO.OOl, as authorized. to be di-
vided into four thousand shares OF par
value of one hundred (s100.00) dollars
each Of authorized preferred stock, to he
paid for in cash and ten thousand shares
of common stock Of par value Of one hun
dred (S10000) dollars each Of authorized
common stock, to be paid for in cash or
: its equivalent this corporation to be a
going concern upon the Issuance TO the
} stockholders of thirty-two hundred and
fifty shares of preferred stock and forty
five hundred shares Of common stock. the
E remainder of said stock to remain in the
| treasury and to be issued by the board
of directors on such terms and condition.
j as they may see fit provided that said
q stock shall not be issued or sold for lest
j than its par value.
t The preferred stockholders shall hav'
Q the first right to subscibe to the author
| lied preferred stock and the common
: ckholders shall have the first right Il
n subscribe to the authorized common stock
!. The preferred stock shall receive divi
e dends Mt the rate Of eight per cent. PEI
= amman out of the profits of the company
= and no more. payable in semi-annual in
d stalments on the first day of Januar!
: and the first day Of July each year
S no dividends on the common stock shall
: he paid until all dividends due and cumu
f lative on the preferred stock shall hav
} been paid or set aside.
y The common stock shall receive the re
} mainder Of the net earnings Of the com
n pany, or so much thereof as may be dis
tributed by the board of directors and no
= reserved for such surplus or undivide
n profits or special reserve fund as herein
s after stated. ~
ON or about the first day OF July, 1927
r and each year thereafter, so long as tn
d preferred stock shall remain outstandint
= there shall he set apart and deposite
with the Registrar as special reserv
p fund out of the net profits Of the compan
10 remaining after all accrued dividends NJ
g on the preferred stock shall have bee
a. paid. an amount equal to at least eleve
- thousand (S11 OO0OO) dollars for the pur
i poses hereinafter provided. On or hefor
in July LIST. 1921, and each year thereafte
II any preferred stockholders desiring to r.
II ceive cash for his stock shall have IN
Iy right to send in n bid directed to III
or registrar of the stock OF the compan!
re stating the least he will take for said pr'
$3.50
m one hundred ten ($1100O dollars %
=. share; and 1t shall he the duty of IL
o. registrar to allot. so far as In MS pow
es lies. to the lowest bidder so much or u
re eleven thousand s11.OO0.00l dollars r
az served on the date aforesaid; and II II
of hid shall not equal the eleven thOusan
m (s11 OO0OO) dollars reserved on the ia
ty aforesaid. and II the amount OF his stoe
nd does not call for the eleven thousar
Oh (s11 600 O0) dollars in toto. the next Iov
he est bidder shall receive out Of said fnr
X his quota, and the next lowest bidder
hy quota. until the entire eleven thousaI
~ Cs11 900 OO dollars shall have been a
a sorbed in this manner. II the preierr'
es stockholders require It,
mt Tn case two or more competitive bi'
to shall he for like sum. the amount
10; the eleven thousand (S1lWOoO) doliars
so, such surplus as remains shall be divid,
IT, equally between the two or more compel
y tive bidders; or II this cannot he co
ng veniently done, the registrar shall ma
,s- competitive bidders shall receive PAYNE
ed. for their stock ont of said special fund.
Ia The said reserve fund or eleven thou
er, and Cs11 0O) dollars shall be deposit
nd July list, 1921. and each year thereaft'
Ice with the right to the holders OF the pr
tie ferred stock to bid therefor SO long
d. there is any preferred stock outstandir
Der sorbed nv bids of preferred stockhoidt
TX In any year. the amount not ABSORBED III
he withdrawn bv the company after a
srs gust 1st. Of such year.
III ARTICLE v-The corporate powers
TX this CORPORATION are hereby vested in
Eu hoard Of directors, consisting OF thirte
osr stockholders.
I'd: The election Of the board OF directo
DO consisting Of thirteen stockholders.
Dr. aforesaid. shall be held on the seco
al Monday in March annually. All the ell
&C. lions shall he by ballot and c0nduc'
under the supervision OF two 70 co
les mjssioners to he appointed by the DOS
or of directors for that purpose
)ns Notice OF said election shall be given
md davs prio to the meeting OF stockhold
&C. nv mailing each known stoekholder
fg- such address as shall have been furnish
nv him to the company, or by a punIf
the tion inserted in one Of the New orie'
FER. napers. three times In ten days, prevl'
my to said election.
TO Preferred stockholders shall elect tn
go directors the common STOCKHOLDERS
~, directors.
the Vacancies occurring IN said board 1T
Ter. whatever cause. shall be filed by the
its naming directors.
The said board OF directors shall mi
nm ALI bylaws. rules and regulations Tor
IL government Of the business and anairs
nav the company, and alter, amend ana cha
re- the same at pleasure.
of And the said appearer furrner decia
rds that he IS authoized. empowered ana
rected to sign and execute all necess
tia acts and proceedings to carry ont
re ara,ts tba said amendments; and