The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1904-05-20

same at not less than the face value thereof
part credit as the Board of Directors may elect;
provided that the certificates OF stock repre-;
seuting the shares SO sold shall not be issued
until such stock. is fully paid for: The certifi-
Gates representing stock of this corporation
the secretary in their official capacities. Said
stock shall be transferable only on the books
of the original certificate, or due proof of their
loss or destruction: and the issuance OF new
ones for those SO transferred.
ARTICLE ".
The purposes for which this corporation is
established and the nature of the business
which it is authorized to carry on are deciaTed
hypothecate. or otherwise to acquire or dis
pose, or improve property either mGv at or
ducting a. general rice milling business to buy
sell. build, construct, lease. dispose OF. mort
buildings machinery used in rice mill or
warehouse: to mill rice, either on toll or other-
warehouse and store rice, or conduct public
warehouse business and to charge and collect
pledge or otherwise deal in rice and rice pro-
ducts. either rough or clean. 70 issue notes;
or feed live stock, cultivate and raise rice or
make advances to persons engaged IN cult1-
and be sued and stand in judgm ent and Enjoy
succession Of property in its corporste name;
by this corporation, either in Money, in stock
of this corporation, in notes or bonds Of the
IF tRa9 or as the Beard
choose to direct. No deed shall be executed
tate OF mortgage affecting the same, unless it
bears the signature of both the PRESIDENT and
Secretary in their official capacity and has
~ ARTICLE v.
4 The stockholders of this corporation shall
hold an annual meeting at the Office of the
corporation on the 2nd Tuesday of August,
a. D. 1905 and annually theFe At ON said
to mail a written notice to each storkhoider at
his last known postofice address at least Ten
Il o. DAYS prior to said meeting notifying him
Of the date thereof. AT each annual meeting
Of the stockholders. t4ey shall elect from
Five Is stockholders, and transact such other
business as may come before them
the stockholders at any, time upon len Qo)
which notice shall contain She date. OF said
meeting and the objects for which 1t is con-
special meeting except such as relates to the
object set forth in the written notice calling
At all meetings of. the stockholders each
stockholder is entitled to one vote for ench
s STOCK rt unable to attend a meeting may
be represented by any other stockholder upon
presenting written proxy authorizing such
The officers of this corporation Unit until the
to be- Fred rn Gss
dent; Elwin @. Willard, vlce-pres1dent' and
Philip Miller feeret4ry and lr9aSG nF r and
tors until that time. q
ARTICLE VI.
The President shall be the chief exc Tive
all Ineetnss OF the stockholders and Board of
Directors, and perform such other duties as
are usually to the chief officer OF such a cor
The ice-President shall, IN the absence or
inability of the President, perform the duties
If that officer during such absence or inability.
The Secretary shall keep all minutes OF the
meetings of the stockholders and OF the Board
| n Directors. and do and perform Sucn Otnel
duties as may be required OF him By the Board
The Treasurer shall keep true and correct
account of all MONEYS due and received or ex.
same upon proper voucher and perform such
other duties as the Board of Directors may re;
9prg OF him and gSe bond rs fe
The Board Of Directors shall haye the gen
nd prs @ This ana and shall elect
at the first meeting after their selection at al
fFq s8d
Treasurer but the same member may perform
When s Elected by the Board of
They shall have power to fill any vacancle
which may occur in either the Board Of D1T rec
have power to adopt, amend and revoke an!
bylaws. rules and regulations deemed neSes
sary. To confer special power not named IL
this Charter upon any officer of this corpora
ton. They may fl the date or dates on whlGl
to hold their regular meetings and shall holt
a special meeting at any time that the Presi
dent may choose to call one AT all meeting
quorum to do and and transact business.
ARTICLE VII.
This charter may be amended or the corpor
alton dissolved with the assent of three
fourths (:3-4l of the stock present or represent
ed at o regular stockholders meeting, or at
special stockholders meeting called for tina
purpose. 1872
Whenever this corporation is dissolved
either by imita ton of time or by vote of tn
stockholders, or any other cause its affair
shall be liquIdated under the supervision o
Two (2) liquidators to be appointed for tina
purpose at either O regular or special meeting
of the stockholders with such powers and &C
under such restrictions as may be designate
in the resolution appointing same, wbic
liquidators shall make full report of thei
acts as such and shall be recorded in the man
ner required by law.
ARTICLE TX.
No stakeholder shall ever be held liable o
responsible for the contracts or faults of tbi
CORPORATION in further sum than the unpait