The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTERS.

may be increased in the manner proVided
by law to the sum of one hundred thou-
sand 100000 dollars.
The presently organized capital STOCK oil
this corporation shall consist Oh W. W. uar
dred shares of preferred stock OF the par
vglus of one hundred dollars tSlVOVO) per
share, and one hundred shares OF common con IoI
stock of the far value OF one Huhuieu wv
I.rs $500 OOb per share.
TLn rapit.l stock both preferred anu
cannon. shall be represented by ceruli-
cafes and shall be paid for in cash IN sucn
instslInputs and nj such times ana aittr
. In notice IA Subscribers as the Board OF
Directors may fix, or same may oe Issutu
for labor done. property exchanges SET
vices performed and rights, or properly
a' TLn yrrafcrrcd stock. the issue Of two
/ hundred shares Coo. of which the par
/ value of one hundred dollars per sha'S -
presently authorized, Shaii Ne 'u'i'I,u .,, w
| an annual dividend Of eight per Crh'uI.
/ nor auuurn, cumulative and paNaule ~
such periods as the Board or blTeltorS may
determine out Of the net prOIl'S 'I III
CORPORATION. before any DIVIDEND - pau
upGn the common stock. should thr Hrt
nrofitS in any year he insufficient 10 pay
I said preferred dividend. either IN MnoLT pI
/ in part. any unpaid portion Thereon sEa'l
/ Lrcomp a charge against the net pr0Ilts
I pf this CORPORATION, and shall be pald I'D
I full out of said ret profits before an!
dividends are paid upon the common S'u'N'
/ Said preferred stock shall be subject 10
! cau r.deU,ution and retirement in whole
/ or in part on sixty days notice M any 'lllS
/ by this corporation at one hundred ana
! ten dollars $4,000 per share, plus &C
[ crupd and unpaid dividends. IT any nv
, redernption to he by lot, II less thah lhe
entire amount of preferred stock then our,
standing is called for redemption AMI
! The prrferred stock shall have no voting
mower whatever. and shall be- paid IN full
/ M to its principal OF par value, Plus "'
Crued and unpaid dividends. II any ~
/ the said rate Of eight per centum per an
mum before any amount shan be ulHtrlp-
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
drrd 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 10 receive out of the
| net profits such dividends as the Board
of Directors may declare. from time 10
time, except that no dividend can ne de-
clarpd on the common stock until all d'
rrued 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 StoCh
have been paid. In the event of any llqui-
dation or distribution of the assets OF the
corporation. the common stock only ShaII
share in the assets of the corporation
share and share alike, after the preferred
stock shall have been paid in full up t.
its principal or par value, plus accrued
and unpaid dividends, if any, at the rate
| of eight per Centum per annum.
| ARTICLE N.-TlSp 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 par
of a share will be made.
| Thus done and passed in my otiice, IL
the City of New Orleans, State of LOulsl
ana, on the day, month and year hrs
above written, in the presence or y. VI
! Collins and q. ii. Simpson, competent VIII
nesses who have signed their names Will
, the said appearerS and me, notary, after
due reading of the whole.
THE original signed):
Raymond !. Martinez, Inc.
Raymond j. Martinez, Pres.
r. G. Killingsworth, Secretary.
Witnesses:
q. III. Simpson. n. VI. Collins
CONRAD G. COLLINS,
Not. Pub.
l, 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 Kay
. | mOnd J. MARTINEZ. Incorporated. has bee
! duly recorded in Book 12i2, Folio -, 0
: my current records. New orleans, La
. July Goth, ~ ID. 1920.
EMILE J. LEONARD,
Deputy Recorder of Mortgages.
4 4 true copy of the original on file an
: of record in my office.
y CONRAD G. COLLINS,
: Notary Public.
y July 29-Sept.2.