The herald. [volume] (New Orleans, La.) 1905-1953, 1911-05-11
AMENDMENT TO

| THE CHARTER OF THE PLANTERS
COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE ii known. that on this the 18th day Of
| the month of May, I'm the year Of our Lord.
one thousand nine hundred and eleven and
OF the independence Of the United States of
America. the one hundred and thirtv-ffth
| before me. Alexis Brian, a Notary Public.
duly commissioned and qualified within and
| Tor the Parish Of Orleans State of IOuiSi-
ana, and in the presence of the witnesses
| hereinafter named and undersigned person
ally came and appeared Mr.. W. =. Penick.
| Jr., and Mr.. e. =. Beard. both residents of
| the City Of New Orleans. herein appearing
and acting in their capacities as president
and secretary respectively of the Planters
| Company, a Louisiana corporation organ
| lZedNlnder the laws of the State Of T.ouisi-
ana, heretofore domiciled in the city of
shreveport, La. Incorporated by act passed
| before Allen Kendall. Notary Public Of the
Parish of CaddO, on the nineteenth day of
| March, 1907, duly recorded in the Mort gage
| Office Of the Parish OF Caddo
Who declared, that at Il general meeting
| or the stockholders of said corporation held
| in the City Of Shreveport, Louisiana. on
the seventh day Of January. 1911. said meet
| ing having been called for the specific pur-
| pose hereinafter set forth, the following
amendments of the charter of said cOrpOr-
alton were adopted by unanimous vote of
the owners of the outstanding stock OF said
| company, tO-wit:
Article III of the charter Of said cOrpOr-
alton was amended so as TO read as follows ::
ARTICLE II.
T.t.o
| in the City of New Orleans. La, and all ci-
| tation and other legal process shall be
served on the president or in his absence,
the same shall be served on the Vice-Pres
| ident."
Article " Of the charter of said corpor-
alton was amended so as TO read as follows
ARTICLE ".
1.-THE capital stock Of this corporation shall
! be five hundred thousand $500. 0OO. 00l dol
| lars, divided into and represented by five
| thousand 10000 shares of the par value
| OF one hundred $1,000 dollars each. All
| stock is to he paid for at the time OF sub
| scriptiOn therefor.
The company may begin operation as
soon as one thousand two hundred and
twenty 1.22O) shares are subscribed for.
| Six hundred and ten (610) of said shares
shall be classified as Series A and six hun
| dred and ten (61O) of said shares shall be
classified as Series ID, all of which will be
credits actually received by said corporation
and no stock shall he issued until the con.
| sideratiOn therefor has been received by
| the corporation.
"By a two-thirds (2-3) vote Of the stock.
| holders of this corporation the books may
be opened for the subscription and issue of
| the remaining three thousand seven hun
dred aud eighty (3,IsO) shares of stock or
any portion thereof but when so subscribed
and issued half OF the stock subscribed and
| issued shall he classified as Series 4 and
| the other half as Series II. When the books
are opened for the subscription of the re-
naming three thousand seven HUNDRED and
eighty (3.7S0) shares or any portion thereof
the existing stockholders in Series A and
| Series Il as shown by the books of the com
pany. shall have the first privilege of sub
| scribng for same in proportion TO their re-
| spective holdings and in their respective
| Series.
mo transfer Of stock shall affect this
| corporation unless the said transfer shall
be made in the books of the said company at
its office in the City of New Orleans, where
| said corporation shall be domiciled and only
on surrender of the certificate therefor"
| Article V of the Charter of said corpor-
| alton was amended so as to read as fol-
ARTICLE
THE corporate powers Of this corpora
ton shall he vested in and represented by
Board of Directors composed of six stock
| holders The following persons shall con-
stitute the first Board Of Directors Messrs.
W. s. Penick, Jr., Jas. T. Ford. y. t. Pc
nick, c. s. Beard. NJ s. Standifer, August
Soniat. with W. s. Penick, Jr, as president.
Jas. +. Ford as vice-president, and c. s.
Beard secretary. The officers and directors
shall hold their said offices until the first
Tuesday In January, 1912. and until their
| successors shall have been duly elected and
qualified On the said first Tuesday In
| January. 1912, and every five years there
| after a Boar. of Directors shall be elected
i a V.
and In that case the said election shall be
held the day following said holiday. and
notice OF said election shall be given by
| ten days notice published In one or the
newspapers published in the Parish Of Or
| leans The Board of Directors shall ap-
point one or more stockholders TO preside
| at such election. Any failure from any
cause to hold said MEETING or to elect said
board on the day named for that purpose
shall not dissolve the corporation but the
directors then In Office shall hold over until
| their successors are chosen and qualihed.
After such election the Board OF directors
shall elect from their number the officers,
but the above named officers as president.
vice-president and secretary shall remain
| in Office as above stated until the first cleo
| ton fixed herein on the first Tuesday In
| January, 1912: and until their successors
are elected and qualified. Any vacancies oc-
curing among the officers Of president, vice
president or secretary shall be filled by the
| BOARD of Directors: but any vacancy in the
hoard shall first be filed before any va
| cancy among said officers shall be filled.
"In case any vacancy prior to the expira-
/ tion Of their term shall exist or occur among
| the first three directors named 1t shall be
filled by a selection made by the owners OF
stock Of Series A and In case of any va.
cancy among the last three directors named
| II shall be filed by a selection made by the
| owners Of Series b.
| "At every election and stockholders meet
| ing each stakeholder shall be entitled to
| one vote for each share of stock represented
| on the books Of the company In his name
votes may he cast in person or by proxy
authorized in writing. but at each election
| of directors (by the stockhOlders), the next
occurring the first Tuesday in January, 1912
and every fifth year thereafter as above
provided, the holders of stock OF Sries
shall elect and designate three directors
and the holders Of stock Of Series shall
elect and designate three directors. After
each election Of directors as above pro
yided the next being the first Tuesday In
January, 1912. and quintenially thereafter
| the board shall elect from their number the
oficers. to-wit President, vice-president and
secretary. The president, in addition to
his other duties, shall be general manage,
| and In his absence the vice-president, In al
| dItion to his other duties, shall be general