The herald., 1919-10-23
CHARTER
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 10Th day
of the month of October, in the year
one thousand nine hundred and nineteen,
before me, Peter Stiff, Notary Public
for the Parish of Orleans. city of New
Orleans, personally appeared &. .. NIL
wee aud Henry l.. Phillips, acting reSpec-
lively as the president and the secretary
of the Merchants Wholesale Grocery Co.
Inc, and the said appe1r"rS acting as
aforesaid declared that ut meeting or
the stockholders in the said corporation
after due notice sent to each Stockholdtr
ut his last post office address, on the
10Th day of September, 1919, IN acCor-
dance with the requirements OF article
No. I of the Act of Incorporation before
Peter Stiff Notary Public, on the 2tth
day of August. 1919, and duly recorded
in the mortgage office in Book No Isl
EOlio No. 39l, the following resolutions
were unanimously adopted:
RESOLVED. That this Company avail
itself of the right reserved by it in article
No 6 of its charter passed before
Peter Stiff Notary Public, on August
9th, 1919, and received in the mortgage
office in Book 1881. Folio No. PSI, does
hereby increase its capital stock of the
| said corporation to $i03,0OO.W. Sail in
crease 20 he $l0OOtaW at par value; or
5000 per snare or 1000 shares OF Whl'l
! $4,000 1T POO shares shall be common
stock ana $40 800, or 1900 shares shs II
| be preferred stock. The par value OF
each share to be $1,000 each iully pald
aud worcestershire. The preferred stock
J shall be entitled to receive when and as
/ declared from the surplus or profits or
the corporation, yearly dividend AT the
| rate of SO per year, payable ahhuaiiH'
on dates to be fixed by the laws: Inc
| dividend on preferred stock to the eN-
1 tent of 500 per annum, aud no more Shali
be cumulative and shall be payable he
| fore any dividend ON common stock shall
be paid or set apart, that If in any
4 ,.iI m nn
cent shall not have been paid on the pre-
ferrcd stock the deficiency shall be pay
able before any dividnds shall be pald
upon or set apart for the common stock
Whenever the cumulative dividends on
prefprred stock have all previous years
shall have been declared and shall have
become payable and shall have been set
aside by the Company from its surplus
! or net profits and same suttlcleht TOT
the payment thereof, the board of direc-
tors may declare dividends on the com
mon stock, payable then or thereafter out
of the remaining surplus or net profltS'
The preferred stock shall have no holu-
ing power i'll case of dissolution OF IL
duidation or the winding mp of the cor
poration, the preferred stock shall be paid
in full at par, and all unpaid cumulative
dividends accrued thereon before any
| amount shall be paid to the holders OF
the common stock. After the payment
Of the holders of the preferred stock or
its par value and of any unpaid cumula-
tive dividends thereon Inc TeIhdlHihE
assets and funds shall be divided and
paid to the holders of the common stock
according to their respective shares.
RESOLVED, That the president and
secretary of this corporation be author
lied to sign an authentic act carrying
into effect the foregoing resolution.
Thus done and passed in my office on
the day and month and year first above
written in the presence of Benjamin II.
Waldo and f.. NJ. Richard competent wit
nesses who have signed with the appear
ers and me, the notary public, after
reading the whole.
Witnesses: Benjamin T. Waldo, e. M.
| Richard.
(OriginaI Signed) G. Q. Mlwee, Pres.
of Merchants Wholesale Grocery Co,
Inc: III. l., Phillips, Sec'y. Merchants
Wholesale Grocery Co, Inc.
PETER STIFFT,
Notary Public.
true copy.
1, the undersigned, Recorder of Mort
cages in and for the Parish OF orleans,
State of Louisiana, do hereby certny
that the above and foregoing Act of
Amendment to the Incorporation OF the
Merchants Wholesale Grocery Co., me-
was this day duly recorded in my OFFICE
in Book 1881, Folio -.
| New Orleans October 10, 1919.
(signed) EMILE J. LEONARD, by. IL.
PETER STIFFT,
Notary Public.
| Oct. 23-Nov. q.