The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-02
CHARTER.

1
Louisiana, therein residing and in the
presence OF the witnesses hereinafter
named and undersigned personally came
| and appeared Raymond j. MARITIME, Pres
ident and Ray G. killingswOrth. Secretary,
, respectively, OF the Raymond J. MARTINEZ.
| Incorporated, a corporation created under
the laws Of the State of Louisiana. by act
before the undersigned notary, on the 18th
day of February, 1919. duly recorded in the
office of the Recorder of Mortgages for
the Parish Of Orleans, in Book Of Char
tiers No. lbs, ut Folio No. 60, of the cur
rent records of said office. on the 18th day
| of February, 1919. And the said appear
eTs acting in their said capacities and in
| behalf of said corporation, 10y virtue Of the
authority conferred on them by the stock
| holders of said corporation. on the lith
| day of July, 1920, Will more fully APP
pear by certified copy of the resolution
! adopted at said meeting of all the stock
| holders. which i annexed hereto for all
future reference. declared that a general
meeting of all the stockholders of Ray
mOnd j. MARTINEZ. Incorporated. was duly
| convened and held at the office of said
! corporation on the 18th day of July, b2O,
| for the purpose of considering the making
of certain changes and amendments to tn"
charter of said corporation. and that at
said meeting all of tn" stockholders unani-
mOuSly voted to amend the charter there
Of and to authorize the said apprarcrS to
come before me- the undersigned notary
public. to preserve and embUdy in legal
nOtarial act the said action of tn" stock
holders Of the Raymond J. Martinez In
COrpOratcd. And the said appear"rS de
Clared that they have appeared before me.
the undersigned notary public, under the
authorization aforesaid, for the purpose OF
! embOdying in authentic form the action of
the stockholders in altering and amending
| Articles one. Three. Four and Five of the
Charter of said corporation. 50 that the
| said Articles one, Three -Four and Five
| shall be re-cnaCtcd and hereafter read
follows:
ARTICLE THE name and style OF this
corporation shall be the Martinez Manu-
featuring Company. Incorporated, and un-
| der that name IL shall have and enjoy all
the rights, advantages and privileges
granted by law to corporations. Ii shall
exist for period of ninety nine (?JJ years
from the date hereof and have power and
authority to sue and he sued in its cor
pOTate name. 10 make and uS" 4 corporate
seal, and To break the same at pleasure,
to have and employ such managers. Off
GERS, agents and employees a. the interest
of the corporation may require. and to
make and establish such BY laws; rules
and regulations for the control and man
agemcut of the business and affairs of the
corporation as may be deemed necessary
and eXpcdient.
poses for which this corporation is formed
are here declared to be, to buy, sell and
deal at wholesale in all rubber goods, rub
Der. canvas and leather betting. and the
same to manufacture. and to engage in
any business incidental thereto or neccs-
sary to carry out the purpose for which
this corporation is organized.
| ARTICLE IV.-The capital stock Of this
corporation Is hereby fixed mt the sum of
thirty thousand dollars (S3n,OOOl, which
may be increased in the manner provided
by law TO the sum of one hundred thou
sand GOOUOOJ dollars.
The presently organized capital stock of
this corporation shall consist of two hun
drpd shares of preferred stock OF the par
value of one hundred dollars ($lOO.OOl per
share. and one hundred shares of common
stock Of the par value of one hundred dol
lars (SlOOOO) per share.
The capital stock. both preferred and
common. shall be represented by Certifi-
Gates and shall be paid for in cash in such
inStallments and at such times and after
such notice to subscribers as the Board of
Directors may fin, or same may be issued
for labor done. property exchanges ser
vices performed and rights or property
actually received.
The preferred stock. the issue Of two
hundred shares (2OO). Of which the par
value of one hundred dollars per share is
presently authorized, shall be entitled to
an annual dividend of eight per centum
per annum, cumulative and payable at
such periods as the Board of Directors may
determine out of the net profits of this
corporation, before any dividend is paid
upon the common stock. Should the net
profits in any year be insufficient to pay
said preferred dividend, either in whole or
in part. any unpaid portion thereof shall
become charge against the net profits
| of this corporation. and shall be paid in
full out of said net profits before any
dividends are paid upon the common stock.
Said preferred stock shall be subject to
| call redemption and retirement in whole
or in part on sixty days notice at anl time
by this corporation at one hundred and
ten dollars (SllO.OO) per share. plus ac-
crued and unpaid dividends. if any, the
redemption to be by lot. If less than the
entire amount of preferred stock then out
standing is called for redemption and
: retirement.
. The preferred stock shall have no voting
T power whatever, and shall be paid in full
up to its principal or par value: plus ac-
J crued and unpaid dividends, if any, at
the said rate of eight per centum per an
! mum before any amount shall be diStrih-
uted among the owners of the common
. stock. in the event of any liquidation or
P dissolution or distribution of the assets
b. of the corporation.
The common stock the issue of one hun
dred shares of which of the par value of
one hundred dollars per share is presently
authorized, shall have the voting power
5 and shall be entitled to receive out OF the
: net profits such dividends as the Board
! of Directors may declare, from time TO
q time, except that no dividend can be de-
clared on the common stock until all ac-
crued dividends on the preferred stock
have been declared, and no dividend can
1 be paid on the common stock until all ac-
n crued dividends on the preferred stock
have been paid. In the event of any hqui-
datiOn or distribution of the assets of the
corporation, the common stock only shall
share in the assets of the corporation
share and share alike, after the preferred
I stock shall have been paid IN full up 10
, its principal or par value, plus accrued
/. and unpaid dividends, il any. at the rate
of eight per centum per annum.
h ARTICLE N.-The stock of this corpora
} ton may be transferred upon the books OF
I the corporation at its office. upon sur
/ render of the certificate properly en-
dorsed. No transfer of any fractional part
, of share will be made.
4 Thus done and passed. in my office, in
} the City of New Orleans, State of LOuisi-
f ana, on the day, month and year first
above written, in the presence of n. NJ
Collins and o. ii. Simpson, competent wit
nesses. who have signed their names will
the said appearers and me, notary. after d
o due reading of the whole.
. (The original signed):
Raymond j. Matinee. Inc.
Raymond J. Martinez. Pres.
4 X. e. killingsworth, Secretary.
II Witnesses:
o q. Ii. Simpson, n. NJ Collins.
CONRAD G.. COLLINS
= Not Pub.
ii l. the undersigned Recorder of Mort
: cages. in and for the Parish of Orleans
, State of Louisiana, do hereby certify that
the Amendment to the Charter of the Ray
mond J. Martinez. Incorporated, has been
duly recorded in Book 1912, Folio -, OF
my current records. New Orleans, La.
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