The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-20
AMENDMENT TO THE CHARTER Of
THE MERCHANTS WHOLESALE
GROCERY COMPANY, IN
CORPORATED

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans. Be it known on this, the 18th day
of the month of October, in the year
before me, Peter Stiff, Notary Public
for the Parish of Orleans, city of New
Orleans, personally appeared G. Q. Mil
wee and Henry l.. Phillips, sacting respec-
lively as the president and the secretary
of the Merchants Wholesale Grocery Co.,
Inc. and the said appearers acting as
aforesaid declared that at a meeting of
the stockholders in the said corporation
after due notice sent to each stakeholder
at his last post office address, on the
10th day of September, 1919, in accor-
dance with the requirements of article
No. of the Act of Incorporation before
Peter Stiff Notary Public, on the 9th
day of August. 1919. and duly recorded
L olio No. 391, the following resolutions
were unanimously adopted:
RESOLVED, That this Company avail
itself of the right reserved by it in article
| No. @ of its charter as passed before
Peter Stiff, Notary Public, on August
| 9th, 1919, and recorded in the mortgage
office in Book 1921, Folio No. PSI, does
hereby increase its capital stock Of the
crease 70 be $1000o0.0c at par value, or
$4,000 per share or 1000 shares of which
$4,000 or 200 shares shall be common
stock aud $40 80, or 1900 shares she
1
each share to be $4,000 each, fully paid
and worcestershire. The preferred stock
| shall be entitled to receive when and as
declared from the surplus or profits OF
| the corporation, yearly dividend at the
rate of $50 per year, payable annually
on dates to be fixed by the bylaws. The
dividend on preferred stock to the ex,
tent of $50 per annum, and no more shall
be cumulative and shall be payable be,
fore any dividend on common stock shall
be paid or set apart, so that If In any
year dividends amounting to S%
shall not have been paid on the pre-
ferred stock the deficiency shall be pay
able before any dividends shall be paid
upon or set apart for the common stock
| Whenever the cumulative dividends OF
preferred stock for all previous year,
shall have been declared and shall hav'
become payable and shall have been Sc
aside by the Company from it's surplus
or net profits, and same sufficient TO
the payment thereof, the board of direc
tors may declare dividends on the com
mon stock, payable then or thereafter on
of the remaining surplus or net profits
The preferred stock shall have no vot
ing power. In case of dissolution OF Ii
quotation or the winding up of the cor
poration. the preferred stock shall be pal
in full at par, and all unpaid cumulativ
dividends accrued thereon before an
amount shall be paid to the holders o
the common stock. After the paymen
of the holders of the preferred stock o
. It's par FdIue anu VI any uhpdiu
tive dividends thereon. The rema1nin
assets and funds shall be divided an
, paid to the holders of the common stoc
according to their respective shares.
= RESOLVED, That the president an
J secretary of this corporation be author
] lied to sign an authentic act carryin
into effect the foregoing resolution.
Thus done and passed in my office Q
the day and month and year first abo,
3 written in the presence Of Benjamin
Waldo and e. M. Richard, competent wi
nesses who have signed with the appea
: ers and me, the notary public, art
: reading the whole.
4 witnesses Benjamin 7. Waldo, ID,
!, Richard.
4 (Original signed) @. O. Milwee, Pre-
T. of Merchants wholesale Grocery c.
!, Inc.; III. l.. Phillips, See'y. Merchan
!. Wholesale Grocery Co., Inc.
u PETER STIFFT,
3 Notary Public.
i I, the undersigned, Recorder Of MOI
cages, in and for the Parish OF Orleai
- State of Louisiana, do hereby certi
s that the above and foregoing Act j.
~ Amendment to the Incorporation OF
le Merchants Wholesale Grocery Co., In
o was this day duly recorded In my ON
ii in Book 1921, Folio -.
d New Orleans. October Is, 1915.
rs tSigned) EMILE J. LEONARD. by.
Of PETER Stiff,
d. Notary Public
Id Oct 23-Noy 81