The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-26
CHARTER.
yNr TO CHARTER OF MARKS
ANENpA TsAACs COMPANY.

day Of inc ne thousand, nine hundred ana
cur Lore, o before me. William }. Gustle,
twenty public, duly comnlsSps on;sh anS
. notalGy IN and for the above fasisn anu
qualified, ~ residing. and In the pres.
State, M witnesses hereinafter named
euce oa.rsigned, personally came snu aye
and uhJp NJ. Isaacs and Adoipn Hovu
e full age q @a{ SIIesns sn louisiana, Of
the Cny .ocs Company, appearing anu act
Nsrks issiS Marks Isaacs COMPANY, coI-
Ing for SAL SnIy organized and created un-
porand according to the laws Oh r,a .nI osen
Of Louisishhin, on the 10Th day of March;
potary Po.deS In the Mortgage once OF
1909, rec,,h in Book $50, folio % when
this Irsarter was amended py act oei1Ie
$40 csns,les Rosen,, notary Pu mnndment being
18th, IVY, Mortgage Office Book ss4, folio
records, charter being further amended
30; SAY sfore watts h. Leyerich, notary
BY ,s sS on March Srd LSl.; Iec9 SiS aid
Mortgage s;ng further amended by act be-
ehsrtsns. ,iIn Gensler, Jr., notary pubic; on
fore Pnihp day OF April, 1918, recorded In
tne,.age once Book -. 1oho
A0r rss declared. That at a special meet
49,. ~ the stockholders OF M MarS orisans
COMPANY; at day OF March, 1921, at which
on the s Sl meeting all the capital STOCK
ssia IA corporation was repFesen'eu W
81 81. SoIders and owners tnereoi, IA ssnl
ne nv proxy, on motion Gui! r;mousiv re.
or ~ md carried. 1t was UNANIMOUSLY re-
onaeca that Article ~ Of the chartes OF
solved .noration be amended to read as
said eorpoiA
i0iv n~,ctE Iy.-The capital stock Of this
Aa,stion is hereby liked at sSVo'VsV;ovnvn;
divided into and r spNs OF slo0 20 each
sh 1si '.toek shall consist of two classes
SAID s'' ~ common stock and Of pre-
TERED stock. ,, NM
80 stock to the extent OF Slvv,Vvv;ovoVo;
i ns.r,esa into and represented 6y l,VVo
divioea - nj the par value Of $4,000 each.
s ra.r a,eferred stock shall be entitled IN
Ini s.,snee TO and In priority over the
pnrnon stock Of this corporation olVl-
Ssad in each year at the tne rae Oh Do Res
cen. pe eompany. The said stock shall be
on . IN 10 no other or additional diNl-
ssasS ar share Of the pronts or earnings
~ the company, except the iorssao
Oh 'S eept which said dividend shall De
pei ,IstSys No dividend shall be paid on
esn cannon stock until the atoresalo
tns.ristive dividend of s per cent on the
essa.essid preferred stock shall have peen
|, decnea and set aside for payment 70 S tne
pe,hs nreferred stock hereunder shall be
w Nv the company without deduction
paw tax now or hereafter levied un-
a. ~, the authority Of the United States or
81 the State OF Louisiana or any po nt .ha
HnTiSation or dissolution OF the corpora
Nv from whatever cause, voluntary or IN.
soinntary. the holders of the pre1errea
stock shall be paid by preference. IN tuli,
80, the holders Of the comman stock, the
~, vslue Of their shares, together with any
Siridends unpaid, at the rate OF per
rent per annum to the date OF the olssolu
s,an ar liouidation. No voting power snail
81 hrvr
Be vested in or exercised py s, tns n eYcent
IN the event of liquidation or d1ssolutlon
a. the company, voluntary or invoiuntary,
ar in the event Of an amendment TO tne
charter Of the company, In wnicn event
IA bolders of the preferred stock snail
~ entitled to vote in the same manner as
he holders Of the common stock. AT any
meeting. general or special. the Board OF
directors shall have full and complete
authority to retire the whole or any par.
setting aside for payment to the holders
AZ the same $1,000 per share and all divl-
depds due thereon. Notice OF such meet
Ing shall be given for thirty days, either
the City Of New Orleans once a week dur,
Ing said thirty days, or, at the option OF
me Board of Directors, by sending writ
ten notice to the stockholders at the last
known address. Should any Of said stock.
holders be unwilling to receive the amount
sSsyess Of any Of the stockholders be un-
known, then In the amount necessary 10 re-
tire said stock shall be deposited in any
bank or trust company In the Ciry o. S ssn,
by registered mail to the last known adj
dress Of the holder OF the stock, and II nc
address is known, by sending 1t TO Gen
ersl DelVery, in the City OF New orleans
shan be deposited with the bank or trust
company as aforesaid, the same SHAH bt
At tie entire risk OF the stockholder and
an responsibility Of the company shai
terminate and all interest of the stock
claims Of any kind or character against
the company arising out Of the holding OF
ownership Of the said shares shall cease
Should a portion of the said stock only
refired shall be distributed proportionatel,
among the holders Of the said preferred
stock, and any fractional share may, a
the option Of the Board Of Directors b.
retired BY retiring q share, more or less
a the Directors may determine.
section 2. The common stock OF thi
cerporation Is fixed at the sum Of $500,
0oW divided into and represented o!
20 shares Of the par lIe Of $1,000 =, eac 20
dividends earned and declared by tn
Board Of Directors, subject only to tn
provisions hereinabove set out with re
spect to the prior payment of dividend
70 the Preferred stockholders. In tn
event Of the dissolution or liquidation TO
whatever cause, voluntary or Involuntary
the rights Of the Common Stockholders Z
fhs-s In the distribution of the assets o
the corporation shall be deferred to tn
rights Of the Preferred stockholders
and powers Of this corporation shall D
vested solely in the Common stock. and tn
Common stockholders shall have the sol
right Of voting at all elections Of direc
tors or otherwise. The right of Preferrs
stockholders to vote shall arise only i
tie event Of liquidation or dissolution o
y TIE event Of amendment to the char
Section 3. All stock shall be paid 70
Or By an issue Of stock dividends out Q
the surplus and profits accumulated an
endistributed, and In such manner an
nstallments az the Board Of Directors ma
eetefmine, and such stock shall be III
Directors is hereby, In its discretion, yes
With full power and authority to issu
stock dividends.
1hs capital stock Of this corporation ma
- hcreased to the sum of $3.50. 0o0.00 an
lsrs.d Or Common stock. or both, as ma
. eeeermined and In such amount as ma
q essermined up to the aforesaid sum
y3Woo0. All transfers Of stock sha
nude On the books Of the company 2
nc!tes. and in accordance with such ruiz
- regulations AZ may from time to tin
y preeeribed by the Board of Director
- aeckholder shall have the right to Sc
9spose Of his stock or pledge or e.
noer the same, without first offerir
N writing, to the other stakeholder
Svueh the Board Of Directors, at
act In excess Of the book value
9ock % shown by the last precedir
tofy and financial statement Of Il
k&uye business. The said stockhol