The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-11
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.
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
bred and forty second; before me- Charles
r. Fletchinger, Notary Public, duly com
lulSSlOned and qualified, in and for this
city and the Parish of Orleans, therein
IeslulhS' anu IN the presence OF the wit
nesses hereinafter named and undersigned,
personally came and appeared:
Messrs. Herbert Wadsworth and Joe r.
Cha1fe. 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-OficiO Recorder of the Parish of
Nermillion, in Book of Mortgages 49, Fo-
lilo 554 No. 1880, on the 10th of April.
l9l2, which said appearers declared that
IN pursuance to a resolution adopted at
special meeting of the shareholders of
Orleans, at the office of the Company, No.
800 Hibernia Bank Building on the 18th
day of February, 1918. after written waiv-
or OF notice of said special meeting signed
by each ana 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, ~, and V, of said Il, ., L. 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 suc-
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-
cCtVe, 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-
cure. and to make and establish as well
as alter and amend, from time to time,
such bylaws, rules and regulations Cor
the proper government of the affairs of
s'ld corporation as may be necessary and
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 Lis absence, upon the Vice President,
ana, 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
G0Tn0rHtInn plGnNVhnra hn
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
five hundred (2,500) shares of the par
value of One Hundred Dollars (S100.OO)
each, of which fifteen hundred (1,5O0)
shares shall he Preferred Stock and One
$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 nQuluatlOn, Tor any reason,
Of the assets of this corporation, the hold
ers of Preferred Stock shall be entitled
o be paid in full to the extent of all
unpaid accumulated dividends thereon, to-
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 toS Of fod -Four 1 Hun
Article Five.-The business and affairs
Of the Company shall be managed and
conducted by 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
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
nail to each stakeholder at least ten days
prior thereto. At all elections a stock
holder shall be allowed one vote for each
;hare of stock standing in his name on
he books of the Company for ten days
prior 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 filled by the
'emaining directors by the election of a
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
EXECUTE 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 |
IS hereinbefore set forth.
Thus done and passed, IN my Office, at |
he City of New Orleans, on the day, |
month and year herein first above written, |
n the presence of Messrs. Burt W. Henry
nd Roy Willie, competent witnesses, who |
ave hereunto affixed their signatures, to- |
ether with those Of said appearers and |
ne, Notary, after due reading of the |
Thole.