The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-19
CHARTER.
nxENT TO CHARTER OF MARKS
ANEND IsAACs COMPANY.

Elsasns Be II known ma "a - - -
day Oh "a. one thousand, nine hundred ana
our Loru, w.. before me, William j. Gust1e,
twen.r public, duly commissioned ana
an,,ssd In and for the ABOVE Farlsh anu
quaIhtb therein residing, and IN the pres,
State ne witnesses hereinafter named
epce odorsigued personally came ana ap.
ana M. Isaacs and Adolpn 1oou OF
ars'.il age of majority ana resident ok
t ,Se City Of New orleas aS,peaping and act
harks said Marks Isaacs Company, cor
inga,ion duly organized ana createu un,
porand according to the laws OF the state
az al Louisiana by act t, oeI IStS day Of Mach
DotAy rrorded in the Mortgage once OF
Ws' psrish. in Book 800, follo %; whlch
tbs Ioharter was amended by act before
s cno,,es Rosen, notary Puonc; oeplehliDer
18Th, s III in Mortgage Office Book 9s4, folio
fssid charter being further amended
lVi - before Watts h. Leverich, notary
pys,nc on March Srd, l9lt, rec9raeu an
norLgsb eing further amended by act be-
enaip biIip Gensler. Jr, notary pubic; on
fore rnlHF day of April, 1915 recorded in
pss,,gsre Office Book -. follo =
To- declared. That at special meet
,,s Of the stockholders OF Mar I,a oI Lsaaes
Comps5 bat day of March, 1921, at which
on 'nsnecisl meeting all the capital stock
ssiu .ajd corporation was represented Dy
~ hoIders and owners Thereon. In person
he nroxy. on motion duly made, sec
or V IA carried il was unanimously re
onaeoi that Article " Of the charter of
soss corporation be amended 10 read as
follows: o, -, .,,.
..rnoration is hereby hNed at SvOOVuO;dnw;
s9;riSeS into and represented by DOVo
disiu ns NJ the par value of $4,000 each.
saai stork shall consist of two classes
sssmely. of common stock ana Oh pre-
TERED stock.
s.c,,on l. There shall be issued pre-
ferred stock to the extent Oh SlH ~ oNo
on,as of the par value of $4,000 each.
s rn.s oreferred stock shall be entitled, in
n,arsnce to and in priority over the
CANNON stock of this corporation, a dlvl-
IVA in each year at the the rate OF per
oe n. nsr annum, payable out of the profits
M company The said stock shall be
oa,s,isd 10 no other or additional dtvi-
sses or share Of the proits or earnings
" the company except the Aforesaid
a cent which said dividend shall be
ps sr No dividend shall be paid on
ne common stock until the aforesaid
ssnmustiye dividend of per cent on the
aforesaid preferred STOCK snan nave De esn
nreferred stockholders. The DIVIDENDS due
y. the nreferred stock hereunder shall be
maid BY the company without deu9cuoh
Tor any tax now or hereafter Levied un-
asr the authority of the United States or
~ the state of Louisiana or any political
snhdiyision thereof. In the event OF the
MCMAHON or dissolution of the corpora
tion from whatever cause, voluntary or IN,
.voluutary. the holders OF the preferred
s,oeh shall be paid by preference, in full,
aver the holders Of the comman stock, the
mar value Of their shares, together with any
dividends unpaid, at the rate or per
cent per annum to the date OF the dlssolu,
. vafiuO shall
he vested in or exercised by the holders
AZ the aforesaid preferred stock except
n the event of liquidation or dissolution
Of the company, voluntary or involuntary,
ar In the event of an amendment TO the
rbsrter of the company, In which event
the holders Of the preferred stock shall
be en- titled to vote in the same manner as
the holders Of the common stock. AT any
meeting, general or special the Boaro OF
authority to retire the whole or any part
AZ the outstanding preferred stock upon
setting aside for payment to the holders
Of the same $1,000 per share and all dlvi-
dends due thereon. Notice of such meet
ing shall be given for thirty days, either
by publication In a daily newspaper or
the City Of New Orleans once week dur
ing said thirty days, or, at the option or
the Board Of Directors, by sending writ
ten notice 70 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 un-
Known then in the amount necessary to re-
tire said stock shall be deposited in any
bank 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 If no
address Is known, by sending it to Gen
eral Delivery, in the City of New Orleans.
From and after the time that the sum due
shall be deposited with the bank or trust
I'D ~ hall haa
at the entire risk Of the stakeholder and
all 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 shares shall cease.
Should a 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 a share, more or less,
Is the Directors may determine.
Section 2. The common stock of this
corporation Is fixed at the sum of $500
@O0. divided into and represented by
700 shares of the par value of $4,000 each.
The Common stock shall be entitled to all
dividends earned and declared by the
Board Of Directors, subject only to the
provisions hereinabove set out with re-
spect to the prior payment of dividends
70 the Preferred stockholders. In the
event OF the dissolution or liquidation for
the rights Of the Common stockholders to
ns-. In the distribution of the assets of
me corporation shall be deferred to the
rights OF the Preferred stockholders as
hefeinabove provided. All voting rights
ana powers Of this corporation shall be
vested solely In the Common stock, and the
common stockholders shall have the sole
ngnt OF voting at all elections of direc-
sofs or otherwise. The right of Preferre
stoekholders te vote shall arise only in
the event Of liquidation or dissolution or
y tne event Of amendment to the char
section 3. An stock shall be paid for
= easn or property, as provided by law,
oy an issue Of stock dividends out of
ms surplus and profits accumulated and
snolstriouted. and in such manner and
nsssslments as the Board of Directors may
ssfmine, and such stock shall be full
Rno ana worcestershire. The Board of
directors is hereby, in its discretion, vest
-. Win null power and authority to issue
nQck dividends.
Ine capital stock Of this corporation may
Nereased to the sum of $3.50, 10000 and
s eh increase may be made in either Pre-
nlfea or Common Stock. or both. as may
y sermined and in such amount as may
80 1ecSsecf IN up to the aforesaid sum of
W. All transfers of stock shall
H. n sn on the books of the company on
AZ. surrender Of the outstanding certi-
~ and In accordance with such rules
rsuiatiens as may from time to time
n. Snoed by the Board OF Directors
a. ssknoider shall have the right to sell
srrhspose OF his stock or pledge or en-
tne same, without first offering
R.s writing, to the other stockholders
MI" the Board Of Directors, at a
a. s.n Egg IN excess of the book value of
iss..seck a. shown by the last preceding
co.rs and financial statement of the
- 10y business. The said stockhold-