The herald., 1916-11-30
AMENDMENT TO CHARTER
OF WENTWORTH SUGAR REFINING
CO, INC.

~, Inc.
| United States Of America, State of Louisi.
a"a. Parish Of Orleans, City of New Or.
loans.
Re it known, that on the twentieth day
Of the month of November, in the year Of
| our Lord, one thousand, nine hundred and
sixteen, and of the independence of the
| and forty-hrst, before me, Charles F. FLEET
| chinger, notary public duly commissioned
| and qualified, in and for the parish of Or.
"'-s. Sate Of Louisiana. and in the pres.
enee OF the witnesses hereinafter named and
..dersigned, personally came and appeared:
Messrs. Samuel Gibbs and Sylvester Har-
rington, herein appearing and acting in their
respective capacities as president and secre-
AIRY OF the Wentworth Sugar Refining Co,
Inc, formerly Canadian American Sugar Re
Inning Company, corporation organized UNI
der the laws OF the State of Louisiana BY
act before the undersigned notary, under
date OF JUNE ?, 1914, and recorded in the
mortgage office Of the Parish of Orleans
sand corporation being domiciled in the city
of New Orleans.
The said appearers declared that in pur-
suance OF resolution adopted at a special
meeting of the shareholders of said company
held at the office of said company, in the
city OF New Orleans, on the 18th day of
November. 1916, after due notice in accord
arce with the charter and bylaws of the
company, both by notification in writing
mailed to each shareholders last known ad.
dress, and by publication in the New Or
leans American, daily newspaper pub
lished in the city of New Orleans, on the
iDth day of October and the 9TH and l4th
days of November, 1916, all as will appear
from certified copy of the minutes of said
meeting hereuntO annexed and made part
hereof; Article Nv, and vi of the charter
OF SAID company were, by unanimous vote
OF all SHAREHOLDERS present or represented,
amended in the following respects, to-wit:
Article Nv was amended so as to provide:
First. To empower the Board of Directors
to declare dividends at its discretion.
Second. To give the holders of preferred
stock, in the event of the liquidation of the
corporation, the right TO be paid in full to
the extent OF all unpaid accumuative div-
dends thereon, together with the par value
Of their stock, before the holders Of common
stock shall receive any payment on the
same from the assets in liquidation.
Article was amended so as to provide:
First. That the Board of Directors should
consist of not less than three directors.
Second. To authorize the Board of Direc-
and one or more vce-presidents. instead of
a vice-president and second vice-preSident
and third vice-president as is now provided
in the charter.
tors to leect general manager or superin.
tendent, instead of a general manager as
now provided in said Article V, and 10
elect such other officers as may be deter
Fourth. To authorize the Board of Direc-
tors, at its discretion, to elect a chairman of
the board, who may or may not be the pres
ident of the corporation,
Fifth. To authorize the Board Of Direc.
tors to make and appoint from their number
an executive committee of not less than
three and to confer upon said executive COM
mttee such powers as in the discretion of
the board, from time to time, il may see fit
Article vi was amended so as to provide:
That notice of all meetings of stockholders
for any other purpose than those provided
N Article VII Of the charter shall be given
n the mail, and wherever a stakeholder re-
sides more than one thousand miles from
the domicile of the corporation by telegram
in addition TO said written notice, at least
seven days before such meeting, directed to
each stockhodelr at his last known address
appearing on the books Of the corporation
unless such notice shall be waived in writ.
ing by all the stockholders appearing as
such upon the books; and further providing
that no notice is required when meeting
$ adjourned to given date.
Thus making said Articles w, V and VI
read as amended. as follows:
Article IV-The capital stock of this cor
poration is hereby fixed at one million dol:
lars (sl,0OO.00000l, divided into ten thousand
shares of the par value Of one hundred dol.
lars each. OF such total authorized cap tai
stock, twenty seven hundred and fifty shares
shall be preferred stock and seventy-two
hundred ard fifty shares shall be common
stock. The twentv-seven hundred and fifty
shares of preferred stock and seven hundred
md fifty shares of the common stock shall
be held in the treasury of the company. TO
he issued by the board Of directors at par,
It such time as in its discretion may seem
fl.
The holders of preferred stock shall be
entitled to receive. when. and as declared,
from the surplus OF net profits OF the eorpo-
ration, yearly dividends at the rate Of seven
per cent per annun, payable al such times
= tho h7a-i Of directors shall de'ermine.
The dividends of the preferred stock shall
be cumulative and shall be paid before any
dividends are paid or set aside on the COM
ron stock, so that, If in any year. dividends
amounting to seven per cent shall not have
been paid on the preferred stock, the def
cheney shall be paid before any dividends