The herald. [volume] (New Orleans, La.) 1905-1953, 1915-07-01
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 it 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, 4 notary pub
lie, duly commissioned and qualified, in and
for the city OF New Orleans, state OF Louisi-
ana, and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared, Clarence y. Wilcox,
of the city Of New Orleans, and OF full age
of majority, who declared: That acting in
his capacity as president of the Wilcox Mer-
camille Agency, corporation domlciled 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 VI. y. Il. liz, folio II, and recorded
with the secretary of state, in book, Record
of Charters No. 81, folio -, the 10Th 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
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
five thousand dollars, ($25,0OO.OO, divided into
and represented by two hundred and fifty
(250) shares OF the par value of one hundred
dollars (slOOOO each. This company shall
have the right to commence business and be
a going concern when fifteen thousand dollars
(Sl5,0000O) shall have been subscribed for.
All stock subscribed for shall be paid for in
cash or property received upon such terms and
conditions the board of directors shall pre-
scribe"
The capital stock shall be divided into pre-
ferred stock and common stock The pre-
far cfn hall he h1rftr Sha nft he mar
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 $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
profits of the corporation, yearly, cash divi-
dends at the rate of eight per cent 800 per
annum, and no more, payable annually on a
date TO be liked by the board OF directors.
The dividends on 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 for
all previous years shall have been declared
and shall have become payable, and the divi-
dends 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 net profits a
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
circumstances 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 he of he
real and personal and if the dividends on the
preferred stock hereinafter specified not
paid for period of three years, the owner or
owners of said stock shall be entitled to FORE