The herald., 1921-05-12
CHARTER.
,,rxr TO CHARTER OF MARKS
IsAACs COMPANY.

sualifed, IN anu .osiding. and in the pres
State the witnesses hereinafter nan n,
enee ooaersigned, personaL! c5ILc anu "Pf
sns c B. NJ Isaafs ana a1 AIy,p resident of
the fuli as New Orleans, LOUISIANA: VI
the Ciy Company, appearing ana act
Narss aid Marks lsaacs conn Hn!, Con
ing ,;on duly organlZed anu, anu - tbe state
der and az nv act before Charles Rosen.
Of 'nnbIic on the 10Th day OF March:
notary. arcorded in the Nor, EaSe Onnrt vi
1Ss' parish. in Book $50. iGiio o. N mt |
. I'D charter was o aal,y" public. September
Charles no said act az amendment being |
1gn, "a IN Mortgage once Booh JET l9 ,1
reeoroeeS;a charter being further anlenueu
by act PERU March 3rd, 1914, recorded In
public, on Once Book 1906, folio 3l5; SAID
Mortgage a,ng further amended by act De-
charter iIip Gensler. Jr., notary puoilei; on
iore day Of April lyl9 - recoIueu III
Wsrtgage Office BOOK - io'''
,rs. declared That at q special meet
WHO ne stockholders OF Marks lsaaes
ing Of tne IA Ia in The CITY Of New Orleans,
COMPANY st dav of March, 1871, at whlch
on the .cIsi meeting all the capital STOCK
ssio IA corporation was repFesehteu u.
sss holders and owners TrrDi Id Az secl
or oy pa carried, il was unanimously re.
ondeo an shat Article " Of the charter OF
sow soS corporation be amended 70 reao DIS
follows:
.nr,rrE Iy.-The capital stock Of this
Ah.st;on is hereby fixed at SJo'VUOVO
divided into and reP I2s az s1o0 90 each
snaies .,oet shall consist OF two classes
salo Of common stock and OF pre-
TERED stock.
-. There shall be issued pre-
So, $685. stock TO the extent Of SlO,O0O.O0
psr.Ssa into and represented by l'oVo
shares Of the par value e,, OF Sl oUtit,ad in
In us.,snre TO and in priority over the
pmmon stock Of this corporation aNl-
s.S In each year at the the rate OF per
cent per annum, payable out Oh the PHI pIIn hs
% o.,;,,sd TO no other or additional dlvl-
ssnS or share Of the prohts or earnings
~ the company, except the alOresaiu
Va "a, cent. which said dividend ehail De
pe.a,nistiye No dividend shall be PAID on
nommon stock until the aforesaid
nmnisriye dividend of per cent on the
essa.sssid preferred stock shall have been
aa.isred and set aside for payment TO the
preferred stockholders Inc GlHiue nus, u be
os,S by the company without deduction
.ny tar now OF hereafter levied I'M
Az the authority Of the United States OF
al the State Of Louisiana or any polfi'i .xI
snhdiyisiou thereof. In the event Oh tne
NOMINATION. or dissolution of the corpora
.;dn from whatever cause, voluntary or in
soluntary. the holders of the preferred
. stock shall be paid by preference, IN iuIl,
aver the holders Of the comman stock, the
es, vsIue of their shares, together with any
s;vidends unpaid at the rate OF per
cent Der annum to the date OF the dlssolu
tion or liquidation. No voting power shall
Be vested in or eIe Ifsered p stock EXCEPT
n the event of liquidation or dissolution
AZ the company voluntary or Involuntary,
Ar In the event of an amendment 10 the
charter of the company, in when event
the holders Of the preferred stock shall
he entitled to vote In the same manner as
the holders Of the common stock. At any
meeting general or special, the boaru Oh
Directors shall have full and complete
authority to retire the whole or any part
AZ the outstanding preferred stock upon
sptting aside for payment 10 the noiders
Of the same $1,000 per share ana All ulSi-
dends due thereon. Notice OF such meet
ing shall be given for thirty DAYS, eithef
by publication in a daily newspaper or
the City Of New Orleans once week dur.
ing said thirty days, or, at the option OF
the Board Of Directors, by sending a writ.
ten notice to the stockholders at the last
known address. Should any of said stock
holders be unwilling to receive the amount
due for retiring the stock. or should the
address Of any of the stockholders be I'M
known then in the amount necessary to re-
tire said stock shall be deposited IN any
hank or trust company in the City of New
Orleans and notice thereof shall be sent
BY registered mail to the last known ad-
dress Of the holder OF the stock. and II no
address Is known, by sending II 70 zen
ersl Delivery, in the City of New Orleans.
From and after the time that the sum due
shall be deposited with the bank or trust
company, as aforesaid, the same shall be
at the entire risk Of the stakeholder and
al responsibility of the company shall
terminate and all interest of the stock
holder shall cease, and all rights and
claims Of any kind or character against
the company arising out of the holding or
ownership Of the said sha-es shall cease.
Should q portion Of the said stock only
be retired, then the number Of shares SO
retired shall be distributed proportionately
among the holders of the said preferred
stock and any fractional share may, at
the option Of the Board Of Directors be
retired BY retiring share, more or less,
Is the Directors may determine.
Section Q The common stock of this
corporation Ia fixed at the sum of S4OO,-
@00, divided into and represented by
800 shares Of the par value of $4,000 each.
The Common stock shall be entitled to all
Board Of Directors, subject only TO the
provisions hereinabove set out with re-
epect to the prior payment of dividends
70 the Preferred stockholders. In the
esent OF the dissolution or liquidation for
whatever cause, voluntary or involuntary.
ue rights Of the Common Stockholders to
lh'-s in the distribution Of the assets OF
ne corporation shall be deferred to the
nshts Of the Preferred stockholders as
lereinabove provided. All voting rights
and powers Of this corporation shall be
vested solely In the Common stock, and the
common stockholders shall have the sole
nent OF voting at all elections of direc-
tors or otherwise The right Of Preferred
stockholders to vote shall arise only in
ne event Of liquidation or dissolution OF
y ue event Of amendment to the char
seetien 3. ALI stock shall be paid fol-
essn or property, as provided by law
~ an issue Of stock dividends out OF
snalssributed, and in such manner and
asAIments- as the Board Of Directors may
sssfmine, and such stock shall be full
H.d ana worcestershire. The Board OF
y L. hereby, in its discretion, vest
WITH fun power and authority to issue
Aoek dividends.
4 Inc capital stock of this corporation may
49, sressed 10 the sum of $50. 10000 and
Increase may be made in either Pre-
se % Common Stock. or both, as may
sermined and In such amount as may
sSSlmined up to the aforesaid sum Of
All transfers of stock shall
made on the books of the company or
49,. ~frenoer OF the outstanding certi
s.s xno In accordance with such rules
X n.unuons as may from time to tim'
IA s.ss9noed by the Board Of Directors
- k@oeEholder shall have the right to sci
srnhpose Of his stock or pledge or en-,
me same, without first offering
49, Snting, to the other stockholders
ny sn the Board Of Directors, at 8
a. s.sS N excess Of the book value Of
isv.ssosk as shown by the last preceding
eswes and financial statement of tn,
- LAY business. The said stockhold
ksIS;.sa n proportion to their respective
q S naye thirty days within which
49, ssid stock. and should any stock