The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-28
AMENDMENT TO CHARTER OF
THE PEOPLES SUGAR COMPANY.

AMENDMENT TO CHARTER OF
THE PEOPLES SUGAR COMPANY.
United States of America, State of Lou
lSiana, Parish of Orleans, City of New
Orleans.
BE it known, That on this 2Sth day Of
the month of February, in the year of Oul
Lord one thousand nine hundred and
eighteen, and of the Independence of tn,
United States of America. the one hun.
dred aud forty second; before me- Charles
f. Flctchinger, Notary Public, duly com
misSioned and qualified. in and for this
City and the Parish of Orleans therein
residing, and in the presence of the wit
nesses hereinafter named and undersigned
personally came and appeared:
| MessrS. Herbert WadSwOrth and Joe B.
Chafe herein appearing and acting in
their respective capacities as President
| and Secretary of The Peoples Sugar
| the laws of the State of Louisiana. with
its dOmicile in the Town of Abbeyille in
said State, created by act before W. Sum-
1 mers, a Notary Public, of Vermillion Par
| ish, under date of April IS. 1872 and re-
corded in the office of the Clerk of Court
| and Ex-Officio Recorder of the Parish of
Nermillion. in Book of Mortgages IS, FO-
| lilo 554. No. 13,S49, on the 10th of April.
1917, which said appearers declared that
| in pursuance to a resolution adopted at
a special meeting of the shareholders of
Orleans, at the Office of the Company, No.
900 Hibernia Bank Building, on the 25th
day of February. 1918, after written waiy-
er OF notice of said special meeting signed
Dy each and every shareholder of the
Company. as will appear from certified
copy of the minutes of said meeting here
unto annexed and made part hereof, Ar
ticles l, III, ~, and V, of said Il, . 4, 81
Company were, by unanimous vote of all
the shareholders, present or represented
constituting all the shareholders of the
Company amended so as to read as fol-
lows:
Article One.-The name of this CORPORA
ton shall be Rose Hill Company, Inc.
and, under its said corporate name il
shall have power and authority to have
and enjoy corporate existence and sue
cessiOn for the full term of ninety nine
years from and after the date hereof; to
contract sue and be sued; to make and
use corporate seal. and the same to al
ter and break at pleasure; to hold re-
eciye, lease purchase and convey, as well
as mortgage and hypothecate, property,
real, personal and mixed, corporal and
incOrporeal; to loan money and accept
mortgages pledges and other security; 10
acquire and own the stocks and bonds of
other corporations; to name and appoint
such managers. agents, directors and Of
hcers as its business interests may re-
qu1re, and to make and establish, as well
as alter and amend, from time to time,
such bylaws, rules and regulations FOR
the proper government of the affairs of
proper.
Article Two.-The domicile of this Or
pOration shall be in the City of New Or
leans, State of Louisiana, and all citation
or other legal process shall be served up
on the President of said corporation, or,
In his absence, upon the Vice President
and. in the absence of both, upon the
Secretary of the corporation.
Meetings of the Board of Directors or
stockholders shall be held at the domicile
of the corporation or elsewhere in the
state In accordance with law.
Article FOur.-The capital stock of this
corporation is hereby fixed at the sum of
Two Hundred and Fifty Thousond Dollars
$3.50, OOOOO), to be divided into twenty
five hundred (2,5O0l shares of the par
value of One Hundred Dollars (S1OO.OO)
each, of which fifteen hundred Q,5OO)
shares shall he Preferred Stock and One
thousand 1,OOO) shares Common Stock.
The Preferred Stock shall be entitled to
preferred dividends at the rate of eight
per cents. per annum on the par value
thereof, to be payable out of the net pro-
fits which may be realized by the said
corporation and the said dividends shall
No dividend shall be declared on the
Common Stock Of the corporation unless
and until all the cumulative dividends on
The holders of Preferred and Common
Stock shall be vested with the same vot-
ing power.
In event of liquidation, for any reason,
of the assets Of this corporation, the hold
ers of Preferred Stock shall be entitled
to be paid in full to the extent of all
unpaid accumulated dividends thereon, to-
gether with the par value of their stock, |
before any holders Of Common Stock shall
receive any payment on the same from the |
assets in liquidation.
;i'he amount to which the capital stock |
of this corporation may be increased is |
hereby fixed at the amount of Four Hun |
dred Thousand Dollars (S4OOOO0.OO).
Article Five.-The business and affairs |
Of the Company shall be managed and |
sisting of five stockholders. Immediately |
upon the signing of this charter, the sub |
scribers shall convene in stockholders |
meeting and elect five directors from |
among themselves and others to whom |
portions of the capital stock may be trans |
ferred, and the directors so elected shall
hold office until the third Monday in Feb
ruary, 1913, or until their successors are
July elected and qualified. On the third |
Monday of February. and annually there
after, an election of directors shall be
held at the office of the corporation, no
ice of which meeting shall be given by 1
nail to each stakeholder at least ten days |
prior thereto. At all elections a stock
holder shall be allowed one vote for each
share of stock standing in his name on
he books of the Company for ten days
,rior to such meeting. In case of va
,ancy occurring for any cause in either
he Board Of Directors or among the Of
icers, the vacancy shall be filed by the
directors by the election of a
tockholder to fill said vacancy, who shall
lold Office until his successor is elected at
he next annual meeting.
Said appearers further declared that, in
heir above respective capacities and in
pursuance of said resolution, they now
xecute this act for the purpose Of COM
letting the amendments to Articles One ,
Two, Four and Five of the charter of said
company, which articles, as amended read
s hereinbefore set forth.
Thus done and passed, in my Office, at
he City of New Orleans on the day, 1
Month and year herein first above written,
q the presence Of Messrs. Burt W. Henry ,
nd Roy Willie, competent witnesses, who |
ether with those Of said appearers and
ne. Notary, after due reading of the
hole. Ii