The herald., 1920-07-29
AMENDMENT TO RAYMOND J. MAR
TINEZ. INCORPORATED.


AMENDMENT TO RAYMOND J. MAR
TINEZ. INCORPORATED.
United States of America. state of Lou
/ i>iaua. Parish Of Orleans. city OF New or
/ leans. BE il known That on this 10th day
/ OF ia" month Of July. In the year of ou
/ Lord. one thousand nine hundred anC
/ twenty, and of the independents of tn,
/ twenty. and Of the Independence OF
/ ia" United States of America. tbs
/ one hundred aud forty fifth. before
! me. Conrad g.. Collins, a notary pub.
/ lie. duly commissioned and qualified il
and for the Parish of Orleans. State OF
/ Louisiana, therein residing. and in tn,
/ presence OF the witnesses hereinafter
named and undersigned. personally came
! aYh appeared Raymond J. Martinez. Pres
idtnt, and Ray &. killingSwOTth. Secretary
respectively, of the Raymond J. Maritime
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
ters No. l22S at Folio No. 60, of the cur
rent records of said office. on the 18th day
of February. 1919 And the said appear
erS acting in their said capacities and in
behalf of said corporation. by virtue of the
authority conferred on them by the stock
holders of said corporation. on the 18th
day of July, 1920, as Will more fully APP
pear by a certified copy of the resolution
adopted AT SAID meeting OF all the STOCK
holders, which is 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, 1920
for the purpose of considering the making
of certain changes and amendments to the
charter of said corporation. and that at
said meeting all of the stockholders unani-
mOuSly voted to amend the charter there
of, and to authorize the said appearers to
come before me, the undersigned notary
public, to preserve and embOdy in legal
nOtarial act the said action of the stock
holders of the Raymond j. Martinez, In
corpOrated. And the said appearers 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. so that the
said Articles One, Three. -Four and Five
shall be re-enacted and hereafter read as
ARTICLE 1.-THE name and style of this
shall be the Martinez Manu-
featuring Company, Incorporated. and un-
der that name it shall have and enjoy all
the rights, advantages and privileges
granted by law to corporations. 1t shall
exist for period of ninety-nine (99) years
from the date hereof, and have power and
to sue and be sued in its cor
pOrate name TO make and use a corporate
seal, and to break the same at pleasure;
to have and employ such managers, Off
GERS, agents and employees as the interest
of the corporation may require, and 10
make and establish such bylaws. rules
and regulations for the control and man
agement Of the business and affairs of the
corporation AS may be deemed necessary
and eXpedient.
ARTICLE III.-The objects and pur-
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 neces-
sary to carry out the purpose for which
this corporation is organized.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
thirty thousand dollars ($30OO0), which
may be increased in the manner provided
by law to the sum of one hundred thou
sand (l00OO0) dollars.
The presently organized capital stock of
this corporation shall consist of two hun
dred shares of preferred stock of the par
value of one hundred dollars ($lO000) per
share, and one hundred shares of common
stock of the Far value of one hundred dol
lars (Sl00.O0) 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 fix, 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
ha
profits in any year be insufficient to pay
said preferred dividend. either in whole or
in part, any unpaid portion thereof shall
become a charge against the net profits
of this corporation, and shall he 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 any time
by this corporation at one hundred and |
ten dollars (Sll0.O0) per share. plus ac-
crued and unpaid dividends. if any, the
to be by lot, if less than the
entire amount of preferred stock then out
is called for redemption and |
retirement.
The preferred stock shall have no voting |
power whatever, and shall be paid in full |
mp 10 Its principal or par value. plus ac- |
rrued and unpaid dividends. if any. ut |
the said rate of eight per CetItum per an
mum before any amount shall be distrib- |
1ted among the owners of the common |
dissolution or distribution of the assets |
Of the corporation.
The common stock the issue Of one hun |
bred 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 |
IF Directors may declare. from time TO /
lime, except that no dividend can be de- /
Jared on the common stock until all ac-
'rued dividends on the preferred stock |
nave been declared, and no dividend can
ie paid on the common stock until all ac-
;rued dividends on the preferred stock
nave been paid. In the event of any Hdui-
lduon or distribution Of the assets of the
corporation, the common stock only shall
mare in the assets of the corporation. |
mare and share alike, after the preferred
'tOck shall have been paid in full up 10
us principal or par value, plus accrued
ma unpaid dividends, if any. at the rate
u SSnt rer centum per annum.
ARTICLE N.-The stock of this corpora-
ION may be transferred upon the books of
ne corporation at its office upon sur
ehder OF the certificate properly en-
Srsed. No transfer of any fractional part
Il q snare VIII be made.
Ihus done and passed, in nv office In |
ne city OF New Orleans, State of Louisi
ma, on the day, month and year first