The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-04
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 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
+. Fletchinger, Notary Public, duly COM
| niSSioned 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 B.
| thane. herein appearing and acting in
their respective capacities as President
and Secretary of The Peoples Sugar
Company, 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, a Notary Public. of NermiliOn Par
ish, under date of April Is. 1912, and re-
| corded in the office of the Clerk of Court
and EN-OfficiO Recorder of the Parish of
Nermillion. in Book of Mortgages IS, FO-
| lilo 554, No. 1850, on the 10Th of April
| 1912, which said appearers declared that
| in pursuance to a resolution adopted at
a special meeting of the shareholders of
Sdlu OOHpdHy, nelu III tne NltN OF New
! Orleans, at the office of the Company, No.
800 Hibernia Bank Building, on the 2Jth
| 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, and V, of said Il, 2, 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-
ccIve, lease, purchase and convey, as well
as mortgage and hypothecate, property,
real, personal and mixed, corporal and
1nc0rpOreal; to loan money and accept
mortgages, pledges and other security; TO
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-
quire 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 uor-
rOration 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 his absence, upon the Nice-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 d0micile
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, 100000, to be divided into twenty
value of One Hundred Dollars (S1OOOO)
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
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
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 4O0,OOOOO.
;o1a Not
of the Company shall be managed and
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
ruary, 1913, or until their successors are
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 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 |
fcers, the vacancy shall be filled by the |
directors by the election of a |
stakeholder to fill said vacancy, who shall |
hold Office until his successor is elected at |
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. at |
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.