The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
.xrSr TO CHARTER OF MARKS
IsAACs COMPANY.

twenty y nnblic duly commissioner anu
nossd In and for the aO9VG ra tba n rnu
Stste, theLl witnesses hereinafter named
epce Oh .nsioned. personally came ana APP
and undsi Isaacs and Adolph Good OF
peared p s,s of majority and a resident OF
the i T,.v Of New Orleans, Eoulsia ma 81
the w ssscs Company, appearing ana act
Marks issiS Marks Isaacs Company, cor
ing for SAL Ir,v organized and created I'M
porsuon ocording to the laws or the state
der and s;Sns by act before Charles noseh'
cav o. public, on the Istn , aaS u ofica Of
zoe. r ec1lhin Book $50, folio 81; which
this fsIis,n, was amended by act before
said enap osen. notary public, september
CbsrF,So ,o said act of amendmen5 peIms
E.So,,ded in Mortgage ono fr PSoH S amenIeI
10; say otore Watts X. Leyerich, notary
BY act @ March 3rd, 1917, recorded In
pablo, on otFre Book 1905, folio 3l5; said
Nortgss being further amended by ACT pc
eo,e Philip Gensler Jrii I i9Is Srapcopded in
the -. ONCE Book -, folio -.
,,o,od That at a special meet
Who stockholders of Marks lsaacs
Ing OF y" heId In The City of New Orleans,
CompAASS, st day of March, 1921, at which
on the NEAL meeting all the capital stock
said IA corporation was represented by
u. Solders and owners thertoI' al PeI Sun
v.
or Dy Pa Carried, IL was unanimously re
ondeo an sa, Article " of the charter OF
solved unoration be amended to read as
follows:
Article Iv-The capital stock CO OF dod TINS ms
AhIi,ion ia hereby fixed at $JOO,OOOW,
c,o9IptSaS into and represented Dy o,Oo
mares Of the par value OF SlUv o cI esSn:
SAID s0, ~ common stock and of pre-
ferred stock.
.,u There shall be issued pre-
secuo a,ort 10 the extent of 500 100000.
lefiu into and represented by 1OOO
o.."s Of the par value OF SlOOUu each.
sn H.n deferred stock shall be entitled, in
d,sference to and in priority over the
preen stock of this corporation, diyi-
eommsH =. sarh wear at the the rate of 3 per
aenu - annum. payable out of the profits
e spa ~ eompany. The said stock shall be
Oh ~ 70 no other or additional divi-
esnd or share Of the pronts or earnings
osnt the company, except the aforesaid 3
o wy mi which said dividend shall be
Pe.nIstiye No dividend shall be paid on
~ cannon stock until the aforesaid
nenIsfive dividend Of per cent on the
sforesaid preferred stoct shall nave oetn
ues.arrsd stockholders. The dividends due
re nreferred stock hereunder shall be
Via nv the company Without deduction
y, any tax now or hereafter levied I'M
tha
a. the State Of Louisiana or any political
vv..hdtviSion thereof. In the event of the
nns5dstInn or dissolution of the corpora
.i1n from whatever caust voluntary or in
."lantsry the holders of the preferred
stock shall be paid by Preference, IN full,
49, The holders Of the 0mman stock, the
nsr value of their shares, together with any
Sirt5ands unpaid at tie rate of 3 per
cent per annum to the d;te of the dissolu-
t;on or liquidation. No Oting power shall
u. - Il. q l.
be vested In or exercises by the holders
AZ The aforesaid preferred stock except
n the event of liquidation or dissolution
a. The company, voluntary or involuntary,
ar IN the event of an amendment to the
charter of the company. In which event
the holders Of the preferred STOCK snail
he eutitled to vote in thesame manner as
the holders Of the commo stock. AT any
meeting. general or specil, the Board of
Tireetors shall have full and complete
authority to retire the while or any part
Of the outstanding preferred stock upon
setting aside for payment to the holders
Of the same $1,000 per shire and all divi-
bends due thereon. Motto, of such meet
ing shall be given for thity days. either
by publication In a daily newspaper of
the City Of New Orleans oce week dur
ing said thirty days, or, the option of
the Board Of Directors, by ending a writ
ten notice TO the stockholders at the last
known address. Should an, of said stock
holders be unwilling to reeve the amount
due for retiring the stock.Or should the
address Of any of the stockholders be I'M
known. then In the amount ecessary to re-
tire said stock shall be deosited in any
bank or trust company in te City of New
Orleans and notice thereofshall be sent
by registered mail to the lat known ad-
dress Of the holder of the sick. and If no
address IL known, by sendig 1t to Cen
eral Delivery, in the City ofNew Orleans.
From and after the time tina the sum due
shall be deposited with the 'ank or trust
company, as aforesaid. the lme shall be
al the entire risk of the stekholder and
all responsibility of the onpany shall
terminate and all interest the stock
holder shall cease, and all rights and
claims Of any kind or chaicter against
the company arising out of te holding or
ownership Of the said share shall cease
Should a portion Of the sal stock only
be retired. then the number shares so
retired shall be distributed prportionately
among the holders Of the SO preferred
stock, and any fractional sine may, at
the option Of the Board Of lrectors be
retired BY retiring share, nre or less,
Is the Directors may determine
Section 2. The common st,k of this
corporation is fixed at the su of $780,
@0o, divided into and reprented by
40 shares Of the par value of 5000 each.
The Common stock shall be entitled to all
dividends earned and declare by the
Board Of Directors, subject dy TO the
provisions hereinabove set gu with re-
spect to the prior payment otlividends
70 the Preferred stockholders In the
event Of the dissolution or hquation for
Whatever cause, voluntary or voluntary,
NE rights Of the Common Stoci0lders to
sh.-n In the distribution of thassets of
NE corporation shall be deferr to the
nghts Of the Preferred stockhders as
nefeinabove provided. All votii. rights
snd powers Of this corporation hall be
r ssed solely In the Common stociand the
common hau
nsnt OF voting at all elections direc-
sefs or otherwise. The right Of hferrr
Soekhoiders to vote shall arise My in
sne event Of liquidation or dissolion or
the event Of amendment to Il char
section 3. All stock shall be I'D for
asn or property, as provided law,
" oy an issue of stock dividendsut of
ne surplus and profits accumulat and
saolstributed, and In such mann and
lAimenfs as the Board Of Directo may
r esssssfmine, and such stock shall full
bs'u ana worcestershire. The Bod of
parcaors is hereby, In its discretioyest-
With fun power and authority tissue
Hock dividends.
The capital stock Of this corporationav
Increased to the sum of $50, go land
49, increase may be made in eithePre-
Lva or Common Stock, or both, aAay
saermined and In such amount asay
s,xs seeeseimined up to the aforesaid sd Of
9W All transfers of stock ali
n. "soe on the books of the companon
surrender Of the outstanding d.
ssS ss and In accordance with such is
nsuistions as may from time to ne
"A p ,soed by the Board of Direcs
a. sMtoeSholder shall have the right to II
eamhp0se OF his stock or pledge or :
SIo9 the same, without first offer
writing, to the other STOCKHOLM
prics the Board of Directors, atty