The herald., 1919-10-30
CHARTER
AMEN DMENT TO THE CHARTER OF
THE MERCHANTS WHOLESALE
GROCERY COMPANY, IN
CORPORATED.

United States Of America, State of Louis
lana, Parish ot Orleans, city of New Or
leans. Re it known on this, the 18th day
of the month of October in the year
| one thousand nine hundred and nineteen,
before me. Peter Stiff. Notary Public
fer the Parish of Orleans city of New
Orleans, personally appeared G.. q. Mil
Wee and Henry l.. Phillips acting rcSpec-
lively as the president and the secretary
of the Merchants Wholesale Grocery Co,
Inc. and the said appcarerS acting as
aforesaid declared that at Il 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 2Ith
day of August, 1919, and duly recorded
in the mortgage office in Book Ne. 1921,
tolo No. :Hl. the following resolutions
were unanimously adopted:
RESOLVED That this Company avail
itself Of the right reserved by it in article
No. of its charter rs passed before
Peter Stiff, Notary Public, on August
27th, 1919. and recorded i'll the mortgage
office in Book 1921. Folio No. PSI, does
! hereby increase its capital stock Of the
said corporation to Sl03. 10000. SAID in
crease 20 he SlJ0OOOOC at par value. or
$1,000 per share or 1000 shares of which
$4,000 Or 2CO shares shall be common
stock aud $40 300, or 1900 shares sh:ll
be preferred stock; The par value of
each share to be 5000 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 he 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 so
shall not have been paid on the pre-
ferred stock the deficiency shall be pay
abh before any dividends shall be paid
upon or set apart for the common stock.
Whenever the cumulative dividends on
preferred stock for 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 sufficient for
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 profits.
The preferred stock shall have no vot-
ing power. In case of dissolution of IL
quotation or the winding up 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 of
1tS par value ana OF any unpaid cumuia-
tive dividends thereon. The remaining
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 T.
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 II. Waldo, e. NJ.
Richard.
Original Signed) G. Q. Milwee, Pres.
of Merchants Wholesale Grocery Co,
Inc; H. l.. Phillips. Sec'y. Merchants
Wholesale Grocery Co., Inc.
PETER Stiff,
Notary Public.
l. the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify
that the above and foregoing Act of
Amendment to the Incorporation of the
Merchants Wholesale Grocery Co., Inc,
was this day duly recorded in my office
in Book 1881, Folio -.
New Orleans. October IL, 1919.
(Signed) EMILE J. LEONARD, by. X.
A true copy.
PETER Stiff.
Notary Public.
Oct. 90 Nov. q.