The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-26
CHARTER

may be increased in the manner provided
by law 10 -the sum OF one hundred thou
sand QO0.OO0) dollars.
The presently organized capital stock of
this corporation shall consist Of two hun
dred shares of preferred stock OF the par
value Of one hundred dollars NlUuOoJ per
share. and one hundred shares OF common
stock of the par value of one hundred uoI-
lars (S1OOO0) per share.
The capital stock. both preferred and
common. shall be represented Dy certlii-
Gates and shall be paid for III cash In such
inStallmentS and at such times ana aiter
such notice to subscribers as the Board OF
Directors may fix, or same may De issued
for labor done, property exchanges, ser
vices performed and rights, or property
actually received.
The preferred stock, the issue of two
hundred shares (2OOD, of which the par
value of one hundred dollars per snare Is
presently authorized, shall be entitled 10
an annual dividend of eight per centum
per annum, cumulative and payable nj
such periods az the Board of Directors may
determine out of the net proilts OF thlS
corporation, before any dividend Is palu
upOn the common stock. ShOulu the net
profits in any year he insufficient to pay
said preferred dividend. either IN Whole or
in part. any unpaid portion Thereon shali
become a charge against the net pr0IltS
of this corporation, and shall be pHld IN
full out of said net profits before any
dividends are paid upon IN" common STOCK
Said preferred stock shall be subject 10
call. redemption ana retirement III NANi'
or in part on sixty days notice at any time
by this corporation at one> hundred ana
ten dollars (SllOOOl per shaJe. Plus ac-
crued and unpaid dividends. If any, the
REDEMPTION to be by lot, II less than the
entire amount Of preferred stock then out,
standing is called for redemption and
The preferred stock shall have no voting
power whatever and ShaiI hr palI IN lu l
up to its principal or par value. plus ac--
crued and unpaid dividends. IL any, ar
the said rate Of eight yer centum per an
mum before any amount shall be dlStrlh-
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 10
time, Except that no dividend can be de-
,lared 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-
crucd dividends on the preferred stock
have been paid. In the event OF any llqul-
dation or distribution of the assets OF the
corporation, the common stock only shalI
share in the assets of the corporation,
share and share alike, after the preferred
stock shall have been paid in full up "a
its principal or par value, plus accrued
and unpaid dividends. if 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 Sfoperly en-
dorSed. No transfer of any fractional part
of share will be made.
Thus done and passed, in my office, IL
| the City of New Orleans, State of LOuisi
ana. on the day, month and year frs
above written, in the presence of n. VI
! Collins and o. ii. Simpson, competent wit
nesseS. who have signed their names will
| the said appearerS and me, notary, after
due reading of the whole.
(The original signed:
Raymond J.sSfartineZ. Inc
| RAYMOND ]. Martinez, Pres.
X. c. killingswOrth, Secretary.
Witnesses:
q. ii. Simpson. y. VI. Collins.
CONRAD g. COLLINS,
| Not. Pub.
! J. the undersigned Recorder of Mort
cages, in and for the Parish of Orleans
| State of Louisiana, do hereby certify tina
! the Amendment to the Charter of the Ray
| mond J. Martinez Incorporated, has beeI
duly recorded in Book 1912, Folio -, o
my current records. New Orleans, La.
! July Goth, A. ID. 1920.
! EMILE J. LEONARD,
| Deputy Recorder of Mortgages.
| true copy of the original on file anC
of record in my office.
CONRAD G. COLLINS.
Notary Public.
July 29-Sept.2 ..