The herald., 1918-03-21
AMENDMENT TO CHARTER OF
THE PEOPLES SUGAR COMPANY.

AMENDMENT TO CHARTER OF
THE PEOPLES SUGAR COMPANY.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
Orleans.
lie it known, That on this 2Sth day of
the month of February, in the year of our
Lord one thousand nine hundred and
eighteen and of the Independence of the
United States of America, the one hun
dred and forty second before me, Charles
F.. Fletchinger, a 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:
Mcssrs. Herbert Wadsworth and Joe Il.
Chaffe. herein appearing and acting in
their respective capacities as President
and Secretary of The Peoples Sugar
Company, a corporation organized under
the laws of the State of Louisiana, with
its domicile in the Town of Abbeville in
said State, created by act before W. Sum-
mers, Notary Public, of Vermillion Par
ish, under date of April IS, 1912, 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. 1850, on the Goth of April,
1917, which said appearerS declared that
in pursuance to a resolution adopted at
a special meeting of the shareholders of
said Company, held in the City of New
Orleans, at the office of the Company, No.
300 IIibernia Bank Building, on the 25th
day of February, 1918, after written waiv-
er of notice of said special meeting signed
by each and every shareholder of the
Company, as will appear from a certified
copy of the minutes of said meeting here
unto annexed and made part hereof, Ar
ticles l, III, Nv, ard V, of said Il, 2, 4, -
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, ii
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 a corporate seal, and the same to al
tor and hICal at pleasure; to hold, re-
ccive, lease. purchase and convey, as we'll
as mortgag" 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
ticers as its business interests may re-
cure. 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
Sid corporation as may be necessary and
proper.
Article Two.-The dOmicile of this LOr-
rorStion shall be in the City of New Or
leans. State of Louisiana, and all citation
o. other legal process shall be served up
on the President of said corporation, or
in lis absence, upon the Vice President
and. in the absence of both, upon the
Secretary of the corporation.
Meetings of the Board of Directors OF
stockholders shall be held at the domicile
H. rla 49, IL. n.
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
FIVE hundred (2,5OO) shares of the par
value of One Hundred Dollars ($10000)
each, of which fifteen hundred Q,500
| shares shall be Preferred Stock and One
thousand 1,000) 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
| be cumulative.
No dividend shall be declared on the
Common Stock of the corporation unless
| and until all the cumulative dividends on
the Preferred Stock shall have been paid
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.
The amount to which the capital stock
| of this corporation may be increased Is
hereby fixed at the amount Of Four Hun
dred Thousand Dollars (S4OO,OOOOO.
Article Five.-The business and affairs
conducted by a Board of Directors con,
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
duly 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
| tice of which meeting shall be given by
mail 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
| the books of the Company for ten days
prior to such meeting. In case of va
cancy occurring for any cause in either
the Board Of Directors or among the Of
ficers, the vacancy shall be filed by the
remaining directors by the election of q
| stakeholder to fill said vacancy, who shall
hold Office until his successor is elected al
the next annual meeting.
Said appearers further declared that, in
their above respective capacities and in
pursuance of said resolution, they now
execute this act for the purpose of COM
pleting the amendments to Articles One
Two, Four and Five of the charter of said
Company, which articles, as amended, read
as hereinbefore set forth.
Thus done and passed, In my Office. al
the City of New Orleans, on the day
month and year herein first above written
in the presence Of Messrs. Burt W. Henry
and Roy Willie. competent witnesses, who
have hereunto affixed their signatures, to-
gether with those Of said appearers and
me. Notary, after due reading of the
| whole.