The herald., 1920-08-12
CHARTERS.
may be increased in the manner provided
by law to the sum of one hundred thou
sand 100000 dollars.

may be increased in the manner provide,
by law to the sum of one hundred thou
sand (l00OOO) dollars.
The presently organized capital stock o
this corporation shall consist of two hun
dred shares of preferred stock of the pa
value of one hundred dollars (Sl00OO) pc
share, and one hundred shares of common
stock of the par value of one hundred dol
lars (S1O0.O0) per share.
The capital stock. both preferred an,
common, shall be represented by certifi
Gates and shall be paid for in cash in sucl
inStallments and at such times and afte
such notice to subscribers as the Board o
Directors may fix, or same may be ISSUED
for labor done, property exchanges, ser
vices performed and rights, or property
actually received.
hundred shares (2OO). of which the PAL
value of one hundred dollars per share il
presently authorized, shall be entitled e
an annual dividend of eight per centum
/ per annum, cumulative and payable al
such periods as the Board of Directors may
determine out Of the net profits of thi,
! corporation, before any dividend is paid
upon the common stock. Should the net
| profits In any year be insufficient 10 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 ject TO
call. redemption and retirement in whole
or in part on sixty days notice at any time
by this corporation at one hundred and
ten dollars t$llO.OOD 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
power whatever. and shall be paid in full
up 10 its principal or par value plus ac-
crued and unpaid dividends. II any, at
the said rate Of eight per Centum per an
mum before any amount shall be distrib-
uted among the owners of the common
stock. in the event of any liquidation or
dissolution or distribution of the assets
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
and shall be entitled to receive out Of the
net profits such dividends as the Board
OF Directors may declare. from time to
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
be paid on the common stock until all ac-
crued dividends on the preferred stock
have been paid. In the event OF any liqui-
dalton or distribution OF the assets Of the
corporation. the common stock only shall
share and share alike, after the preferred
stock shall have been paid in full up TO
it's principal or par value, plus accrued
and unpaid dividends, IL any, at the rate
Of eight per centum per annum.
ARTICLE N.-The stock Of this CORPORA
ton may be transferred upon the books of
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 |
Thus done and passed, in my office I'm |
the City Of New Orleans, State of Louisi- |
ana, on the day, month and year first |
above written. in the presence OF N NJ |
Collins and o. II. Simpson, competent wit |
lesses, who have signed their names with
he said appearers and me. notary, after a
Tue reading of the whole.
(The original signed)
Raymond J. Martinez. Inc
Raymond J. Martinez. Pres
X. Z. killingswOrth, Secretary.
Witnesses
o. ii. Simpson, n. NJ. Collins.
CONRAD G. COLLINS,
Not. Pub.
1. the undersigned Recorder Of Mort
ages, in and for the Parish OF Orleans
tate of Louisiana, do hereby certify that
he Amendment to the Charter of the Ray
nond j. Martinez, Incorporated. has been
July recorded in Book 1912 Folio =. of
ny current records. New Orleans La |
uly 10th, A. ID. 1920.
EMILE j. LEONARD,
Deputy Recorder of Mortgages
y true copy Of the original on file and
record in my office.
CONRAD G. COLLINS.
Notary Public.