The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
AMENDMENT TO CHARTER OF LUCAS
4 MOORE STANE COMPANY


United States Of America, State of
+ oui>iaua. Parish of Orleans, City Of New
Orleans Ee il 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. 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 witnesses who's" names are hcrcuuto
subscribed, personally came and appeared
Lucas T.. Moore the vice president or In
cas- T.. Moore Stave Company. corpora
ton duly created and organized under and
according to the laws of the state OF
Louisiana. by virtue Of IF an Act OF In
corporation passed before Charles 1.
Soniat, notary public, on June 18th, 1909,
recorded i'm VI. O. T.. Sl3 folio 662; which
charter was amended by act befor" Charles
T. Sonat. notary public, on May 18th,
1911. recorded in VI. q. Il. lois. folio 6il;
also by act before VI. &. SOniat, notary
public, on June 18th. 1914. recorded in VI.
q. Il. 1l27, folio lI3; also by act before
Philip Gensler, Jr, notary public, on
March 10th, 1916. recorded in Mortgage
Office for the Parish Of Orleans in book
1875 folio 354 also by act before Philip
Gensler. Jr.. notary public, on March Ii,
1917, recorded in Mortgage Onice for the
Parish of Orleans in book 1906. folio 400 !.
also by act before Philip Gcnslcr, Jr.. no
ldIN pubic MAY blN. WIS. lffoEufu VI
q. Il. -. folio -; also by act before vii
liam ]. Guste. notary public, August n
1920 recorded in VI. q. l.. 1916 folio 10 :
Who declared that a special meeting Of
the stockholders of Lucas T.. 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
corporation was present or represented
by the holders and owners thereof in per
son o by pOXy, II was unanimously re
Seolved that Articles " and V Of the char
ter of the corporation be amended so as
10 read as follows:
ARTICLE IV.-The capital stock OF this
corporation is hereby declared to be one
million, four hundred thousand dollars
Isl 400 OOOOO, as authorized, to be di-
Vided into four thousand shares Of par
value of one hundred (Sl0OOO dollars
each of authorized preferred stock, to be
paid for IN cash and ten thousand shares
| of common stock of par value of one hun
drcd $500 0OD 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
| remainder of said stock To remain in the
/ treasury and 10 be issued by the board
| of directors on such terms and conditions
as they may see fit provided that said
| stock shall not be issued or sold for less
than its par value.
| The preferred stockholders shall have
/ the first right to subscibe to the author
| lied preferred stock and the common
| stockholders shall have the first right "a
subscribe to the authorized common stock
The preferred stock shall receive divi-
dends at the rate Of eight per cent pei
amman out of the profits Of the company
/ and no more. payable in semi-annual in
Stalments on the first day of January
and the first day of July each year
/ which dividend shall be cumulative and
no dividends on the common stock shall
, he paid until all dividends due and cumu
, lative on the preferred stock shall have
been paid or set aside.
The common stock shall receive the re
mainder Of the net earnings of the com
pany. or so much thereof as may be dis
tributed by the board of directors and no
reserved for such surplus or undivided
! profits or special reserve fund as herein
after stated.
on or about the first day of July. 1927
and each year thereafter. SO long as tn
preferred stock shall remain outstanding
there shall be set apart and depOSitet
with the Registrar as n special reserv
fund out of the net profits of the compan
remaining after all accrued dividends mp
on the preferred stock shall have bee
paid. an amount equal to Mt least eleve
thousand 1911 900 00) dollars for the pur
poses hereinafter provided. On or befor
July 1st. 1921, and each year thereafter
any preferred stockholders desiring to re
ceive cash for his stock shall have III
right to send in n bid directed to III
registrar of the stock of the compan,
. stating the least he will take for said pr6
ferred stock which shall not be more tina
one hundred ten (Sl10.0O) dollars pc
share: and il shall he the duty of tn
registrar TO allot. so far as in his pOwe
lies. TO the lowest bidder so much of tn
eleven thousand 1911 .0O00O) dollars r.
! served on the date aforesaid: and If hi
: bid shall not equal the eleven thousan
I ALL Cd 10 a
aforesaid. and II the amount Of his stoc
does not call for the eleven thousan
(s11 .OOOO0) dollars in toto. the next low
est bidder shall receive out of said fun
his quota. and the next lowest bidder hi
, quota. until the entire eleven thousan
! $4,000 OO) dollars shall have been af
sorhed in this manner. If the preferre
stockholders require 1t.
In case two or more competitive bid
. shall he for like sum. the amount {
the eleven thousand (s11 600 OM dollars G
such surplus as remains shall he divide
equally between the two or more compel
: tive bidders: or II this cannot he cor
, venientlv done. the registrar shall hay
the right to decide by lot which of III
= competitive bidders shall receive paymei
: for their stock out of said special fund.
The said reserve fund of eleven thou'
and 1911 .OO0O0l dollars shall be deposite
$ by the company ten (10l days previous
= July 1st. 1921 and each year thereafte
< with the right to the holders of the pre-
Q ferred stock to bid therefor so long 9
\ there Is any preferred stock OUTSTANDING
, II the fund so deposited is not fully At
p sorbed by bids OF preferred stakeholder
in any year. the amount not absorbed ma
he withdrawn by the company after Al
{: gust LIST. of such year.
ARTICLE V-The corporate powers
!. this corporation are hereby vested In
I board Of directors, consisting of thirtee
= stockholders.
The election Of the board OF director
consisting Of thirteen stockholders.
: | aforesaid. shall he held on the secon
!, Monday In March annually. All the Gle
u tinns shall he by ballot and conduct'
:. under the supervision Of two ~ con
!, missioners to be appointed by the boai
y Of directors for that purpose.
) Notice of said election shall be given q
J. DAYS prin to the meeting of stOckhOlde
: by mailing each known stockholder
r such address as shall have been furnish'
!. by him to the company, or bv public
= ton inserted in one Of the New Orlea
% napers. three times in ten days, previo
!, to said election.
n Preferred stockholders shall elect thr
IL directors. the common stockholders, Z
l. directors.
Vacancies occurring IN said board. fro
" whatever cause. shall be filled by the !
Y, naming directors.
The said board OF directors shall ma
Is all bylaws. rules and regulations for I
VI government of the business and affairs
,r the company, and alter, amend and chan
IN the same at pleasure.
N And the said appearer -urtner declar
~ tina he Is authoized, empowered and
re rected to sign and execute all necessa
u. acts and proceedings to carry ont