The herald., 1920-08-12
TO CHATTER OF SOUTH
PORT MILL, LIMITED.

aug. l. sept. III.
AMENDMENT To CHATTER OF SOUTH
PORT MILL, LIMITED.
United States Of America. State of Lou
isiana Parish of Orleans. city of New or
! leans. BE il known. that on this 18th
day of the month of July. i'm the year of
| our Lord, one thousand nine hundred and
twenty. and of the Independence of the
! United States of America. the one hundred
and forty fourth before me- William J.
! GuSte, Notary Public, duly commissioned
and qualified. in and for the above parish
| and State, therein residing. and in the
/ presence of the witnesses hereinafter
| named and undersigned, personally came
and appeared. \. -. Grogmcgan. President
| of the Southport Mill Limited. a CORPORA
/ ton organized and created under the laws
| of the State of Louisiana by act passed
before Charles W. ROSsner. Notary Public
| in and for the Parish of jefferson. State
/ of Louisiana, on the 18th day of December
! 1905 and duly recorded in Mortgage Office
| of the Parish of Jefferson. State of Louis
/ lana. in Book -, Folio .... who declared.
| that at special meeting of the StOckhOld-
| erS of the southport Mill. Limited. held at
! the office of the corporation on the 3lSt
| day of May, 1920. ut which meeting all the
/ capital stock of said corporation was rep
| resented by the holders and owners there
| of. in person or by proxy, it was unani-
mOuSly resolved that Article ii of the
! charter of the corporation be amended 50
! as TO read follows:
ARTICLE 1.-THE domicile of this cor
pOratiOn shall be at the office of the com
pany. in the City of New Orleans. Louis
lana, and all citations or other legal pro-
cess shall he served upon any of the fol
lowing officers President. Vice President.
Secretary. Assistant Secretary or Treas
urer
And that at such meeting II was unan-
imOusly resolved that Article Ill of the
charter of the corporation be amended so
to read follows:
poses for which this corporation was ere
ated are hereby declared to be: To buy
and sell. own. lease and operate oil mills.
grinding plants. extraction plants, refin-
cries and such other factories. warehouses
and plants used in connection with crush
ing and /Or extracting oil and any other
products from all kinds of oil bearing
seeds. beans. nuts. branS, garbage and all
substances incidental to the manufacture
of edible oils and compounds. as well as
any other kind of oil. soaps and soap
products; also all kinds Of feeds and fer
filters. mixed or otherwise: also to own
lease and operate any other kind of fac
tories and /Or engage in any other kind
of business. which might be considered to
be advantageous to the corporation; fur
Their. to buy. sell and deal in all such ar
ticles and Tor any other article on commits
sion and FOR otherwise; also to act as
agent and /Or trustee for others in per-
Torrance of a general milling refining.
storing and trading business for com
mission, royalty or otherwise and to Dor
row and lend money in connection there
with; also to borrow and lend money for
any other purposes; also to do n general
import, export and trading business in all
articles OF commerce. To buy, sell lease
and operate tank cars and Tor other rail
road ears. also steamships. barges steam
boats and boats propelled by any other
power; to buy. sell. lease. operate and de
velOp lands for livestock. agricultural
mineral and /Or other purposes. expert |
mental and otherwise; real estate and
nTOnprtV U0ERrnmapf hnnda
securities, stocks and bonds of other cor
pOrations, and to hold dispose of same |
at pleasure: and generally TO do all things |
appurtenant or convenient to or connected |
with the purposes hereinabOve stated
And that mt such meeting it was unau- |
imouSly resolved that Article " OF the |
charter or the corporation be amended so |
as to read as follows:
ARTICLE IV.-The authorized capital |
stock of this corporation is hereby fixed |
at four million two hundred thousand (S4-
2OO.OOO.O0) dollars, to be divided as fol-
lows: Into twenty thousand shares of |
the par value of one hundred (SlOO.OO) dol |
lars each OF preferred stock; twenty thous-
and shares of one hundred ($1O0.OO) dol
lars each OF common stock and into two
thousand shares of Il common stock of the
par value Of one hundred (S1OO0O) dollars |
each. The preferred stock shall receive a
dividend at the rate of six per cent per
annum of the profits of each year cumu-
Iatlye, and no more. payable in semi-an-
nual instalments, which dividend shall
De PAID in preference to any other claim
OUT OF the net proceeds of this company.
Inc preferred stock shall be redeemable at |
$1,000 after thrifty days notice on any
dividend due date thereon. The holders |
OF preferred stock shall have no right to
vote vote nor TO take any part in the proceed
common stock shall solely be vested with
the power OF electing the Board of Di-
rectors and with the control of the com
pahy, ana In fact shall have all the pow
in he I'd |
OF Directors, and said holders of common
STOCK snail receive the remainder of the
net earnings or said company or as much |
tHeTeoI as may be distributed by the Board
OF directors to them concurrently with the
hOiders or IL common stock The holders
or common stock shall have no right TO
vote or take any part in the proceedings
ot tne company nor to sell or dispose of
thelr stock, and shall have no rights eX-
cept under the following terms and condiL
uohs: Inc common stock shall be is
SUED 10 the stockholders, but shall not be
hegotlabIe and shall be redeemable at the
optIon OF majority of the Board of Di.
rectors of the company at any time and
In the hands Of any holder upon thirty
Gays notice issued to the holder of record
VI VI salu STOCK at the book value of said
STOCK, which shall have the same book
value as other common stock, the said
DOCK value to be ascertained from the
seml-annual statement nearest to said call
,or redemption, and said statement shall
pc finai and conclusive evidence of the
vaIue OF said stock when redeemed by the
company' These conditions shall be print
20 on the said b common stock. The fore
going authorized capital stock not already
issued may be disposed OF by the Board
o1 directors for cash or its equivalent hut
[or not less than its par value ,
AND at sucn meeting it was unanimously
resolved that Article v of the charter OF
he corporation be amended SO as to read
Is follows: !
ARTICLE y.-An the corporate powers