The herald. [volume] (New Orleans, La.) 1905-1953, 1916-07-13

/ - -. - "a INV other food pro-
| any paIt '3rre'i' ana any -, ri:, L. ~
! G,,,.,,, nd 800 am business A, such
! -. 49,, -. ,.r,,frr and Z, sell ~
( ,,,.r,s. IL .,,lrr ,r other merchandise
! ".,.,...I MI, ~ ,.rI in the handling 4
| ~, -. -. :. mic. Tho pr,pIr., T.
''. ..,d ,,,.,I-fr ~ 5rv ,rilv,Iual,,
| - 49, ..,.,.,-'>,,.,.- ,.-.,a,rI IN any of the
| a,-.,,.... ,...,,.,,.r....1 .l,.,r. 4, .yu such
.sT r..,,-.y ,,, ,.r[r-1yc.fer,f, .rrrgon as
| r,.. ,,.'....,.r,. ,r convenient 10 carry
! ,' .r -. A-,..., I,..ls-rl- d. issue
a, ,"s rl',, ..... mel ryn,.rr...I,, :, the
! ,,fc9i necessary nr rrgicr IN II, business, ;
| . -. and 'h.TI Ill r-.rr,l5rr or dis
! ,,.. ~ -. ,~i I,-l, of ,tEc~ COMPANIES
| T.. ,r.. .>,..,, r.~,T,,,,rI hv la,,: I, exchange
! ., ,,,,,.- mil - r- any r.-t thereof
! -- ,-.,...,, ,r,.E ., j.. ,.,.b,-,z-l hereby 20
| ....,,.-.' ar o. ,.x.Tqrg- ~. entire assets and
} I,,.,r,-, .- ary r,rt thereof for money.
| .r.-.~., I'll. ,',.I. or other obligations
| # '.,r., ..,rr,rgr,,,. and generally 10 10 any
~ III -,.h '..,. mi ,n,,.,, A., may or shall
ara .,'' ''., '.., ',.' *, -, T., r,rry
! am ..,4 'rr.-,. and r,i-p,,e,.
! A-,rr-r ~ Sr.rr,, The CAPITAL stock
! .f tie said corporation T., hereby fixed al
'1' hI..'t ,I.'r n1'''',' =, ~ ,a,., H.
! ,-.I,. I'M, f,-r,-.hrre Thousand three hundred
| -, &c.. "a AZ, 49,. ~ he mr. value OF
! ,re hundred d..r,r, tSronu0 each. Of which
+- ,Sa,,...,,3 ,l.,,. -t,-,s Shall he urr.
,.-r.I .,,IL - " Inc ih.usanJ ,hree
..,,,i+.I ,'-.,.t.,. +; ,45, share, Shall Le
| r-.fr--,I ,-,.l ,,,-, 10. and thirty thou
! ,,ri r.uD Share, shall be common stock
>..,.,,., JEc l.iir-, ~, The p-efr-reJ
- .r... a .lgiI he rrtr,lrd Il, receive.
80 .,'I %. I.,r,-,5 from he surplus or
r,.r r-.,,-, ~ ,r. ,,-n,-sfr,r dividends al
H.. 80, M, .,.,...,l .- ,,.~,,,,, co. ner an
neon, IA w. - ,.,,l,rr ,.,.Ii. annually
~, H. d., H. ,,.,,-, ,,J I,,',, ~
,.L ,.,r
| 5F,rI ,, ,h. sid Glass -" orrfc--ed
- LI l ,.,,..,r.,-,.. ~, I,,r.. ION
,"I sill have. r-rirrr.,r. and Irio-ity over
~. ,-..,,.r-.J .,'L. rr..s r. ..I he conn.
mn .,..g :, rr,r AZ n, time shall suv
Isv5lrrI Lr Fr,I,-rI set apart for or paid
80, a.. ,.-.f.--.I -. 80 "Er ny n, ~,
, ..,.,,,.-,, 81 nj. o., .r-b ,.-rr al fiyi-
drnd, on the cla,, "A" preferred stock at
,he rate OF seven per c,uium GC,r per an
mann which ,ha, have maturcd, shall have
been declared and paid in full and the cur.
rem; ~rwl-tuuuL Iustall1cut OF dividend
thereon shall also have been declared Should
any in,,slmcut of dividend on the said
class "A" preferred stock not be paid in
whole or in part the deficiency shall be
paid before any dividend shall dc declared
upon the elias, b" preferred stock or upon
the common stock.
Section ;. The corporation shall have the
preferred stock class "A" on any dividend
date at one hundred and ten per centum
GluS,D Of par and all cumulative dividends,
whether declared or not unpaid thereon. Such
redemption. however, shall be made only
after the affirmative vote or consent in writ
!ng Of threr.f,urths OF the common stock
outstanding and only after all the class "B
preferred stock has been retired or the
money for the retirement thereof set aside
Notice II such redemption shall be given
hv mailing same 10 all preferred class a
Stockholders of reCo. at least thirty DAYS
prior To such redemption date. Such call
having been made and the money needed for
such redemption having been set aside. all
rights Of the preferred class "A" shares s.
called fp- redemption to dividends or to
share in the net proi,s shall cease after said
-eiewrtiou date.
The shares So called and redeemed shall be
cancelled and not again be issued
Section J. The holders Of the preferred
stock class "B" shall be entitled 10 prefer
ence and priority over the common stock of
tibet corporation; and shall be entitled 10
receive, when and as declared, dividends in
each and every wear at the rate of seven
per Centum GC,) per annum, and no more.
payable ont of the net profits. scu-annually
on the first davs OF January and July in
each vea-.
Dividends on the said class "B' preferred
stock shall he cumulative from Julv |, 1916
81 that AZ no time shall any dividend be
declared. set apart for or paid on the com
mon stock unless at such time all dividends
on the class "A" and class "B" preferred
stock at the rate Of seven per ccntum (7ccl
per annum which shall have matured, shall
have bcen derIared and naid in mil and the
curren, scmi.annual instalment OF dividend
thereon shall have been declared Should
any instalmert of dividends on the said
class "B" preferred stock not be paid in
whole or in part. the deficiency shall be
paid before any dividend shall be declared
upon the common stock.
Section ;. The preferred stock class "B"
shall he subject 70 redemption in whole or