The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER.
AMENDMENT TO CHARTER OF NEW
ORLEANS REALTY INVESTMENT

United States of America State of Louis
lana, Parish of Orleans, City of New Or
leans, BE il known, that on this 18th day
of the menth of April, in the year of Oul
Lord one thousand, nine hundred and
twenty two, before me, Edward Il. Ellis
a notary public, duly commissioned and
qualified. in and for this city and Parish
Of Orleans, therein residing and in the
presence of the witnesses hereinafter
named and undersigned, personally came
and appeared +. J. Keller, secretary, who
declared that a general meeting of the
stockholders of the New Orleans Realty
Investment Co, Inc, Il corporation or
ganized by act passed before NJ. S. Drei-
fuS, notary, on March %, 1922. recorded
in NJ. o. b. 126S, folio l67, held at the
Office of said company, on April 10. 1922,
authorized as appears by copy OF the
resolution of the stockholders hereto at
tached and made a part hereof, to appear
before me for the purpose of amending
said charter.
the said New Orleans Realty Investment
Co.. Inc, and acting in said capacity and
on behalf OF said corporation by virtue
of the authority conferred upon him at
the general meeting Of the Stockholders
of said company, declared that Article III
of the charter of the said New Orleans
Realty Investment Co, Inc, has been
changed. altered and amended to read as
follows:
THE capital stock of this corporation
is fixed at twenty thousand dollars 800
OO00O). divided into seventy-five 75)
shares of common stock and one hundred
and twenty-f 125) shares Of preferred
stock (preferred stock to be non-yoting)
of par value of one hundred dollars
($1000 0) each, to be paid for in cash at
such time as the board OF directors may
determine or which may be issued for ser
vice rendered or for property or rights
received by or assigned to the corpora
ton.
The peferred stock shall be entitled
only to dividends at the rate OF not less
than eight per cent. (S46) as may be de-
cided by full board, payable as the
board of directors may determine which
shall be cumulative.
In case of the dissolution Of this cor
poration. the preferred stock shall be
liquidated at par, before the common
stock, but shall have no further interest
in the assets or profits Of the company.
The preferred stock or any part thereof
may be retired by the board Of directors.
out Of any undivided profits or surplus,
three months from the date of its issu-
ance. or at the end of any succeeding
month, upon the payment to the holder
the par value only and all dividends due
to the date Of payment.
The capital stock of this corporation
lars 50,OO0.00).
No stakeholder of this corporation shall
sell. or offer to sell. any common stock of
this corporation owned by him until he
shall have first offered the same to each
OF the other common stockholders there
Of for a period of fifteen (15) days, at
the book value of said stock. This offer
shall be made in writing to the board OF
directors of this corporation, through the
secretary. who shall, for that purpose, be
considered the agent for the remaining
common stockholders, who shall have the
right to purchase same at said book value
In proportion to the stock owned by
them"
And the said appearer moreover de-
clared that in consequence of the forego-
ing and pursuant to the authority in him
pany, he does hereby formally declare
publicly and make known that in the
manner prescribed by law and agreeably
to the provisions OF the charter of the said
New Orleans Realty Investment Co., Inc,
has been changed, altered and amended
as hereinaboye set forth and written, and
he does hereby direct and require that
the above stated change and amendment
be recorded and published in the manner
prescribed by law, and to the end that
the said change and amendment herein
above set forth as regards all persons that
are now or may hereafter become stock
holders of the aforesaid company.
Thus done and passed at my office in
the City of New Orleans, on the day
month and year herein first above written
in the presence of Mabel Bell and Inez
Lambert competent witnesses, who here
unto sign their names with the said ap-
bearers and me, notary after reading of
the whole.
Witnesses: Mabel Bell, Inez Lambert.
f. J. KELLER,
Secretary.
tSeaD: EDWARD Il. ELLIS
Notary Public |
I.&fhe undersigned, Recorder of Mort
p and for the Parish of Orleans. !
louisiana, do hereby certify that |
He and foregoing Act of Amend |
~ the New Orleans Realty Invest |
Co., Inc, was this day duly recorded |
my office in Book 1858 folio 26S
New Orleans, April oath, 1922.
tSeaD: ROBT. SCOTT,
Deputy Recorder |
May 4-June g.