The herald. [volume] (New Orleans, La.) 1905-1953, 1911-06-01

as ii may choose for the conduct Of Its
business here or elsewhere. II shall also
have the right to act the agent or proxy
for any individuals or corporations.
ARTICLE II.
All citation and other legal process shall
be served on the president OF this corpora
tiOn and in the event of his absence or
inability TO act, then upon the vlce-presi-
dent at the dOmicie Of this corporation.
ARTICLE III.
The purpose for which this corporation
Is organized and the purposes Of the busi-
ness TO be carried on by 1t are hereby de-
clared to be
To do a general business in rice and all
OF its by-products to buy and sell at whole
sale or retail, on commission or otherwise;
to do a general commercial business In any
product OF any kind; TO operate factories,
plants or other mills OF any kind In con-
nection with its said business. both here
and elsewhere and generally to do what
ever may be incidental to general mer-
camille or commission business.
ARTICLE ".
The capital stock OF this corporation Is
hereby declared to be: One Hundred Thou
one thousand shares COOO) OF one hundred
dollars (s100.00) each, which said stock
shall be paid for in cash or Its equivalent,
whether paid directly or indirectly. in such
|
and in such manner as the Board or Direc-
| tors NAV determine. or ii may be issued
| full paid or worcestershire for property
actually purchased; or labor actually per
This corporation shall be authorized TO
| commence business as soon as twenty-five
thousand dollars s25.OOO0O) Of its stock
shall be subscribed for.
ARTICLE v.
All the corporate powers Of this coTpor
alton shall he vested In and exercised by
a Board of Directors Of not less than three
(3) and not more than seven "a directors
who must be stockholders and VINO shal
be elected annually on the second MS5oaS
In April of each year. by the stockhoiderss
commencing on the second Monday In April
1912 at which time the officers or this cor
poration shall also be elected by the boar6
from among their number or as soon there
after as possible and the directors and ON
GERS shall hold their respective offices unit
their successors are duly elected and quail
flied.
nresideut. vice-president and treasurer
They shall also elect secretary, VIM
may or NAV not be member OF the roar
or a stakeholder, at the discretion OF TN
hoard. and the offices of secretary am
treasurer may be filed by one and TN
same person as the board may determine
The first Board Of cd DireeteEs osme eer M
Julius r. Ross and Mr.. James L. Pitoi
with the said Gordon s. Orme as presi
dent, the said James L. Pilot as vice-pres
, ident and the said julius X. Ross as sec
which said Board Of Directors and ON
GERS shall retain their respective o1ces un
til the second Monday In April; isiI' o
qualified. Any vacancies occurring In tn
Roard of Directors before the expiration Q
their term shall be filed by the stockholC
ers, after ten (1o) full DAYS ao.ie by s ma
, TO his last known address Two (2) men
: hers Of said board shall constitute a quo
rum for the transaction OF all business.
said Board Of Directors shall nave IN
] mower to make such bylaws, rules an
alter. amend break and revoke same =
, pleasure. Ill n,
I stock without first offering the same y
! the Board Of Directors OF this corporaiS4ar
0 at its then book value. and the said on
!. must be made to the board IN ~ WIN ~ Within
e thirty DAYS. the said stakeholder sha.
. have the right to sell his stock ""0'
! | they please. IT,. On n
q represented by written proxy give1 10 I'D
stockhoder to represent him at any III, 70
tors meeting, and any director nay an
; any or all notices OF meetlngs ny menser
= NJ the board as also the stockholders ary
d leave their last address with the seer do
e Of this corporation and their 1aillns all
2. so shall be construed as a waiver
n notices. lila IN.
II All notices OF stockholders meetiIr,, he
r. less herein otherwise provided Tor the
% bv ten (10) days written notice.
e manner herein provided. or lien
II This corporation shall retain 81 III
n on any stock of any stockholde5y' hin;
" Indebtedness due this comparatively r m,d
d and all transfers of stock shaiioe """'
y subject to this clause. lon sbo,,
n All employees Of this corporson - sn Ia
% he considered as employed by theion.u1. , vi
D. less otherwise contracted with . "ri'ins'