The herald. [volume] (New Orleans, La.) 1905-1953, 1911-04-27
ARTICLE I.

The name OF this corporal ion shall be
the SOUTHERN RICE SALES COMPANY,
with its domicile in the City of New Or
leans, State of Louisiana. and it shall en-
joy succession for a period of ninety nine
900 years from the date hereof. 1t shall
have and exercise, for the purpose of its
business. all the powers conferred by law
on similar corporations, and it shall be au-
thorized to do and perform any act and
thing. and to conduct any business not
specially prohibited by law TO corporations.
IL shall have power and authority to
receive, buy, own. hold. purchase, aliena tie.
lease. rent convey. mortgage. hypOthecate.
pledge, or otherwise cucumber or dispose
of property real. personal and mixed. 10
issue bonds. certificates and notes or other
evidences OF Indebtedness: TO borrow mo-
ney. to name and appoint its managers and
employees, and fix their compensation. and
discharge them AT pleasure.
1t shall have the power to elect officers
directors and agents; to establish such by
laws. rules and regulations as NAV be nee
essary and proper for the conduct and
management Of its business. and the same
| to alter and amend or abolish. at pleasure
1t shall have the right to increase or
diminish its capital stock. with no other
tormality than Is hereinafter provided for.
IL shall have the power and authority TO
contract. sue and be sued in its corporate
name and generally TO do and perform all
such acts as may be necessary and proper
10 execute and carry out the DurnOses of
this corporation. 1t shall have power and
authority to enter into and operate any
KIND OF commercial business, wholesale or
retail on commission or otherwise; to
operate any kind of factory. plant or 9th
erwise and TO establish such agencies as II
may choose for the conduct of it's business
mere or elsewhere. II shall also have the
rlgnt TO act as the agent or proxy for any
individuals or corporations.
ARTICLE II.
All citation and other legal process shall
he served on the president OF this cornora
ton and in the event of his absence or
Inability to act, then upon the vice nresi
dent, at the domicile of this corporation.
ARTICLE III.
The purpose for which this corporation
IS organized and the purposes of the bust.
ness TO be carried on by IL are hereby de-
clared TO be O' ue'
To do general business In rice. and all
OF It's by-products; to buy and sell at whole
sale or retail, on commission or otherwise /:
TO DO general commercial business in any
product OF It's kind: to operate factories
plants or other mills of any Kind in con,
neetlon with its said business, both here
ever may be incidental to a general mer
camille or commission business.
ARTICLE ".
The capital stock OF this corporation ;s
hereby declared to be- One Hundred Thon
SAND Dollars (S100.0 900. OO), divided into
one thousand shares (10OO) of one hundred
dollars (S1O000l each. which said STOCK
snail be paid for In cash or Its equivalent.
Whether paid directly or indirectly In such
amounts and on such terms and conditions
ana IN such manner as the Board of Direc-
lots NAV determine. or il may be issued
lull paid or worcestershire for property
actually purchased. or labor actually ner
formed or rented to this corporation.
rms corporation shall be authorized 70
commence business soon as twenty-fve
thousand dollars (S25. 1000 OO) of IT'S stock
shall he subscribed for.
ARTICLE v
All me corporate powers of this corpor-
atIoh shali he vested In and exercised by
board OF Directors of not less than three
lSl ana not more than seven On directors
VINO must be stockholders and who shall
he elected annually on the second Monday
in April of each year. bv the sfockholders
commencing on the second Monday in Anril
1872 at which time the officers Of This cor
poration snail also be elected tyv the hoard
from among their number or as soon there
after as possible and the directors and on
GERS shall hold their respective Offices until
their successors are duly elected and oual-
fled f""i
The said officers are declared TO he n
president, vice-president and treasurer
They shall also elect a secretary who
may or NAV not be a member of the hoard
or stakeholder. at the discretion of the
board and the Offices of secretary and
treasurer may be filed by one and the
Sa me person as the hoard NAV datary,;nn