The herald., 1915-07-15
June Is, 1915.
AMENDMENT TO CHARTER

OF WILCOX MERCANTILE AGENCY.
United States of America, State OF Louisiana,
Parish OF Orleans, City OF New Orleans.
BE 1t 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 thirty ninth,
before me, Rolla A. TiChenor, a notary pub
lie, duly commissioned and qualified, in and
for the city OF New Orleans, state OF Louis-
ana, and IN the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared, Clarence .. Wilcox,
of the city of New Orleans, and OF full age
! OF majority, who declared: That acting In
| his capacity president of the Wilcox Mer-
camille Agency, a corporation dOmicIled in the
| city OF New Orleans, state of Louisiana, and
created under the laws OF the state OF LouIsi-
/ ana, by act of incorporation passed before
Frank Edward Ranod, late a notary public
of this city, under date of May 9, 1914, reg
/ istered NJ. o. b. ll27, folio ~, and recorded
| with the secretary OF state, in book, Record
! OF Charters No. 81, folio -, on the 18th day
| OF June, 1914, he does by these presents set
forth, place of record, enact and declare: That
! at a special meeting of the stockholders of
said Wilcox Mercantile Agency, held at its
| office in this city, resolutions were unani-
| mOusly adopted, amending Article ~ of the
act of incorporation OF said company, to read
/ as follows:
Article IV.-"The capital stock of this cor.
poration is hereby fixed at the sum Of twenty
hve thousand dollars, (S25,OUJOU), divided into
and represented by two hundred and fifty
! (25O) shares of the par value of one hundred
dollars tSl00.O0 each This company shall
have the right to commence business and be
/ a going concern when fifteen thousand dollars
! Gl5,0OUOO) 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-
ferred stock shall be thirty shares OF the par
value of one hundred dollars $4,000 each
and the common stock shall be two hundred
twenty (220) shares of the par value OF one
hundred dollars (SlO0OO) 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
profits OF the corporation, yearly, cash divi.
dends at the rate Of eight per cent $50 pei
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 cumu
!, lative dividends upon the preferred stock fol
| all previous years shall have been declared
and shall have become payable, and the diyi
dend~ thereon for the then current year shall
have been declared, and the company shall
have PAID all SuCn dlVidenQS fof 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 or
! the common stock payable thereafter out o.
: the remaining net profits. Under prope
: circumstances stock dividends may be de
= clared but only to and for the benefit o
common stockholders"
The preferred stock shall be first lien upor
: all of the property of the corporation, boil
! real and personal and if the dividends on th'
5 preferred stock hereinafter specified no
Y paid for a period of three years, the owner o
E owners of said stock shall be entitled to fore
close said lien and dissolve the said corpora
Y ton and upon such dissolution recover tn
{, par value of such stock and cumulative divi
y bends.
The amour. of preferred stock shall neve
y be increased except by the unanimous eonsen
: of all of the holders and owners OF said pre-
t ferred stock.
E In the event of the liquidation or dissoiu
d ton or winding up whether voluntary or IN
: voluntary of the corporation the preterre
: stock shall be entitled to be paid in full, bot
n the par value of their shares and unpai
r dividends accrued thereon before any amour
c shall be paid to the holders OF common stoc'
and after payment to the holders of the Pre-
: ferred stock of its par value and the unpai
: accrued dividends thereon, the remaining as
n sets shall be divided and paid to the holder
{ of common stock pro rata according to thei
l. | respective shares.
d Each and every certificate of preferred stoc
Z shall be subject to redemption and may a
the option Of the directors on any annua
n dividend date after the year 1916 be calle
|. and retired at the price OF one hundred an
v two dollars (SIO2O0) for each share and n
e amount of dividends accrued and unpaid a
S the date of redemption.
/ Notice of intention to call and retire an
certificate shall be given to the holders there
Il of ten DAYS before the annual dividend du
V date at which the same is 10 be retired. Sue
Il notice shall be deemed given when serve
/, personally upon the owner OF the certihcat'
g or when placed in an envelope postage pre-