The herald., 1915-07-08
June IS, 1915.
AMENDMENT TO CHARTER

| United States Of America, State of louisiana
Parish OF Orleans, City of New Orleans.
BE II known, that on this eighteenth day
OF the month OF june, in the year of our Lord
one thousand nine hundred and fifteen, and
OF the independence of the United States OF
America the one hundred and thrty-niuth,
| before me, Rolla A. TIchenor, a notary pub
lie, duly commissioned and qualified in and
ana, and IN the presence Of the witnesses
hereinafter named and undersigned, person.
ally came and appeared Clarence q. Wilcox,
| OF the city OF New Orleans, and OF full aye
OF majority, who declared: That acting IN
his capacity as president Of the Wilcox Mer-
camille Agency, a corporation domCIlcd IN the
city OF New Orleans, state of Louisiana, and
created under the laws OF the state OF LousI-
ana, by act OF Incorporation passed before
Frank Edward RaInold, late a notary public
Of this city, under date of May 9, 1914, reg
/ istered NJ. .. Il. ll27, folio 4, and recorded
with the secretary OF state, in book, Record
OF Charters No. 81, folio -, the 18th day
OF June, 1914, he does by these presents set
forth, place OF record, enact and declare: That
at special meeting OF the stockholders Of
said Wilcox Mercantile Agency, held at its
oihcc IN this city, resolutions were uuani-
mously adopted, amending Article " of the
act of incorporation of said company, to read
as follows
Article IV-"The capital stock of this cor
Poratlon is hereby fixed at the sum Of twenty
nve thousand dollars, (S250OOO), divided into
and represented by two hundred and fifty
(25O) shares OF the par value OF one hundred
dollars (SlOO.OO each. This company shall
have the right TO commence business and be
going concern when fifteen thousand dollars
(Sl5,UOO.OO shall have been subscribed for
All stock subscribed for shall be paid for in
cash or property received upon such terms and
conditions as the board OF directors shall pre-
scribe"
The capital stock shall be divided into pre-
ferred stock and common stock The pre-
feIred stock shall be thirty shares Of the par
1 1Ts
and the common stock shall be two hundred
twenty (220) shares of the par value OF one
hundred dollars $4,000 each.
The holders of the preferred stock shall
Subject to the call and retirement thereof
as hereinafter stated be entitled to receive
when and as declared from the surplus or net
prohts OF the corporation, yearly, cash divi-
bends at the rate OF eight per cent $50 per
annum, and no more, payable annually on a
date to be fixed by the board OF directors.
The dividends the preferred stock shall
be cumulative, and shall be payable before
any dividend on common stock shall be paid
or set apart so that if in any year dividends
as aforesaid shall not have been paid on pre-
ferred stock, the deficiency shall be payable
before any dividend shall be paid or set apart
for the common stock. Whenever all
lative dividends upon the preferred stock for
all previous years shall have been declared
and shall have become payable, and the dvi-
bends thereon for the then current year shall
have been declared, and the company shall
have paid all such dividends for previous
years and for the then current year, or shall
have set aside from its surplus or net profits
sum sufficient for the payment thereof, the
board OF directors may declare dividends on
the common stock payable thereafter out o.
the remaining or net profits. Under proper
circumstan stock dividends may be de-
clared but only to and for the benefit of
common stockholders"
The preferred stock shall be first lien upon
all of the property Of the corporation, both
aud al aud he dtrtI av,Ie Tho
preferred stock hereinafter specified are not
paid for a period OF three years, the owner
owners of said stock shall be entitled to FORE
close said lien and dissolve the said corpora
ton and upon such dissolution recover the
par value OF such stock and cumulative divi-
dends.
The amount of preferred stock shall never
be increased except by the unanimous consent
Of all Of the holders and owners of said pre-
ferred stock.
In the event of the liquidation or dissoiu-
ton winding up (whether voluntary
voluntary of the corporation the preferred
stock shall be entitled to be paid in full, ootn
the par value of their shares and unpaid
dividends accrued thereon before any amouut
shall be paid to the holders OF common STOCK
and after payment to the holders OF the pre-
ferred stock of its par value and the unpa1o
accrued dividends thereon, the remaining Az
sets shall be divided and paid to the holders
of common stock pro rata according to then
respective shares.
Each and every certificate of preferred stock
shall be subject to redemption and may at
the option Of the directors on any annual
dividend date after the year 1916 be calico
and retired at the price of one hundred ana
two dollars (SlO2OO for each share and The
amount of dividends accrued and unpaid at
the date of redemption.
Notice of intention to call and retire any
certificate shall be given to the holders there
of ten days before the annual dividend due
date at which the same IS 10 be retired. Such
notice shall be deemed given when served
personally upon the owner of the certificate,
or when placed in an envelope, postage pre-