The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-19
CHARTER

may be increased in the manner provided
by law TO the sum of one hundred thou-
sand (l0OUO0) dollars.
The presently organized capital stock of
this corporation shall consist of two nun
dred shares of preferred stock of the par
value of one hundred dollars tSluoOO) per
share. and one hundred shares OF coInh 7, CI
stock of the par value OF one hundred uoI-
lars (Sl000O) per share.
Tho capital stock. both preferred ana
common. shall be represented by certlfl-
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 (20OJ, 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 a the Board of Directors may
determine out of the net profits OF TINS
coruoration 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 whOie or
in part. any unpaid portion thereof shall
become a charge against the net profits
Of this corporation, and shall be pald 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 ana
ten dollars tSllOOOl per share. Plus ac-
crued and unpaid dividends. if any, the
redemption to he by lot. If less than the
entire amount Of preferred stock then OUT
standing is called for redemption ana
retirement.
The preferred stock shall have no voting
power whatever. and shall be paid in full
up to its principal or par value. plus dc-
crued and unpaid dividends. II any, AT
a q nm II n
mum before any amount shall be dlstrlb-
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-
clared on the common stock until all &C
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 liqui-
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
stock shall have been paid in fun up TO
.
and unpaid dividends, IL any. at the rate
Of eight per Centum per annum.
ARTICLE V.-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 a share will be made.
Thus done and passed. in my office, in
the City of New Orleans, State of Louisi-
ana, on the day, month and year first
above written, in the presence Of y. NJ.
Collins and q. Ii. Simpson, competent wit
nesseS. who have signed their names with
the said appearcrs and me, notary, after n
due reading of the whole.
(The original signed)
Raymond j. Martinez Inc.
Raymond j. Martinez. Pres.
X. e. killingswOrth, Secretary.
Witnesses:
q. II. Simpson. n. VI. Collins.
CONRAD G.. COLLINS,
Not. Pub.
/. 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,
July Goth, \. ID. 1920.
EMILE J. LEONARD,
Deputy Recorder of Mortgages.
4 true copy of the original on file and
of record in my office.
CONRAD G. COLLINS.
Notary Public.
July % Sept .