The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-14
AMENDMENT TO CHARTER OF
THE LONGyIEW SUGAR COMPANY.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
Orleans.

> a.
isiana. Parish of Orleans, City of New
| Orleans.
Be it known, That on this 2Sth day o
the month of February, in the year of on
Lord one thousand, nine hundred ant
eighteen, and of the Independence of thu
United States of America, the one hun
dred and forty second; before me. Charles
+. Fletchinger. Notary Public duly com
missiOned and qualified in and for thi:
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 Il
Chaffe, herein appearing and acting IL
their respective capacities as President
and Secretary of the "LOngview Sugar
Company" a corporation organized under
the laws of the State of Louisiana, with
its dOmicie in the Town of Remy, st
James Parish, in said State, created by
act before Abraham Goldberg, Notary
Public. in and for Orleans Parish, under
date of January 22nd., 1906 and recorded
in the office of the Clerk of Court and Elk
OfIiciO Recorder for the Parish of st
! James, in Book -, Folio ...., on the
18th day of January, 1906; which said APP
bearers 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. 900 Hibernia Bank
Building, on the Goth day of February,
| 1918 after written waiver of notice of said
| special meeting signed by each and every
| shareholder of the Company, as will APP
pear from a certified copy of the minutes
of said meeting hereuntO annexed and
made part hereof, Articles III, ~ and V
| of said Company were, by unanimous vote
! of all the shareholders, present or repre-
scented constituting all the shareholders
of the Company amended so as to read
Article 1.-THE domiciIe of said corpor-
| alton shall be at the City of New Orleans,
| State of Louisiana, and all citations and
lnWl laIl
the President of said corporation, or, in
his absence, upon the VicePresident, or
in the absence of both of said officers
upon the Secretary of the corporation.
| Article IV.-The capital stock of this
corporation is hereby fixed at the sum OF
Two Hundred Thousand Dollars $500
100000, divided into two thousand (2OOO)
shares of the par value of One Hundred
Dollars 100000 each, of which one thou
sand $1,000 shares shall be Preferred
Stock and one thousand Q,OOO) shares
Common Stock.
preferred dividends at the rate of eight
per cent. per annum on the par value
| thereof. to be payable annually out of the
net profits which may be realized by the
| corporation, and the said dividends shall
be cumulative.
| No dividend shall be declared on the
| Common Stock of the corporation unless
| the Preferred Stock shall have been paid
The holders of Preferred and Common
Stock shall be vested with the same yot-
| ing power.
| reason. of the assets of this corporation.
the holders of Preferred Stock shall be
/ entitled to be paid in full to the extent of
all unpaid accumulated dividends there
on, together 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
| n inprpn iS
/ hereby fixed at the amount of Three Hun
dred Thousand Dollars ($300, 0OO.0O).
| Article V.-All the powers of said cor
poration shall be vested in and exercised
| by a Board of Directors to be composed
| of not less than five stockholders to be
| elected annually on the third Monday of
| of Directors shall be elected Immediately
| after the execution of this charter. and
shall hold their office until the third Mon
| day in February.
| lot and conducted at the office of said cor
poratiOn. under the supervision of three
commissioners to be appointed by the
Board of Directors. Notice of such cleo
| ton shall be given by the Secretary of
the Company by notice mailed to each
stakeholder of record at his last known
| address ten days prior to the date of such
meeting.
At all elections and at all corporate
| meetings every stakeholder shall be en-
titled to one vote for each share of stock
standing in his name on the books of the
| Company, to be cast in person or by his
written proxy, and majority of votes
| cast shall elect.
Any vacancy among the directors by
| death, resignation or otherwise shall be
| filled by election for the remainder of the
term by the remaining directors.
Failure to elect directors on the date
| above specified shall not dissolve the cor
poration, nor impair its corporate man
| agement, but the directors then in office
4 shall remain in office until their success
ors are elected and qualified.
Every director must be a stakeholder.
| The Board of Directors shall elect from
| their own number a President, a Vice
\ President and a Secretary Treasurer. The
| Board shall have the power to divide the
offices of Secretary and Treasurer, in
| which case the Treasurer may or may not
| be member of the Board. They may,
| from time to time, name and appoint such
OFFICERS and agents as may be necessary
for the purpose and business of the cor
pOration. They shall have power to fix
and define the duties of every officer and
employee, and all officers and employees
shall hold office and employment at the
pleasure of the Board The Board may
make and establish, as well as alter and
| amend. any and all bylaws, rules and
regulations necessary and proper in its
Judgment for the conduct. support and
management of the business and affairs
of said corporation.
The Board shall have full power and
authority to borrow money, to execute
mortgages and to create liens; to issue
bonds, notes and other obligations and
generally TO do all things reasonable, con-
venient and necessary for the proper car
rying on of the business of the corpora
ton.
The Board may issue full paid shares Of
stock for cash or in payment of labor
done or property actually received by
said corporation.
Every member of the Board of Direc-
tors in case of his absence from the domi-
cile of the Company at any time shall
have the right to name and appoint in
writing. a proxy to represent him to sit
and vote in his place and name at all
meetings Of the Board of Directors which
may take place during his absence from
the domicile of the Company.
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 III,
Nv and V Of the charter Of said Com
pany, which articles, as amended, read as
hereinabove 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 Burt w. Henry and
Roy Willie, competent witnesses who have
with 'those of said appearers and me, No
tary, after due reading of the whole.
Herbert Wadsworth, Joe b. Chaffe
witnesses: Burt w. Henry, Roy Willie
CHAS. F. FLETCHINGER, Not. Pub.
/, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State of louisiana do hereby certify that
the above and foregoing act of amend
ment to the charter of the Longview Su-
gar Company was this day duly recorded