The herald., 1912-07-11
CHARTER
OF NEW ORLEANS RICE COMPANY.
July 4 II 1s - aug ! S

OF louisiana. PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE II known, that on this tWent-seVenlh
day OF the month of June. in the year or our
Lord one thousand nine hundred and Twelve
and OF the independence of the United States
OF America, the one hundred and thirty
sixth, before me, John Marshall Quintero;
a notary public, duly commissioned and
sworn. In and for this city and the parish
OF Orleans, therein residing, and in the
presence OF the witnesses hereinafter named
and undersigned, personally came and ap-
neared: August W. BerdOn. Bernard Meyer
and Taylor ]. Labry, residents OF the cry
of New Orleans. State OF louisiana, VINO
declared that, awaiting themselves OF the
isiana, for themselves, their successors and
assigns. they do hereby form themselves
into corporation as follows:
ARTICLE !.
The name and style of THIS corporation
shall be New Orleans Rice Company. by
this name the said corporation shall nave
mower TO exist and enjoy succession Tor the
full term Of ninety nine years from date OF
This act: TO contract sue and be sued, 10
make and use a corporate SEAL III any snail
be designated by the board of-directors, ana
generally TO do all acts necessary or CON
yenient or in any manner appropriate Tor
the accomplishment of the purposes herein
after set forth.
The domicile of this corporation snail De
in the CITY of New Orleans, Parish OF Or
leans. state Of Louisiana, and all citations
or other legal process shall be served on the
president of the corporation, or, In case OF
his absence, upon the vice-president, or IN
case of the absence of both Of them, upon the
secretary.
The purposes for which this corporation
is established. and the nature OF tne Dust
ness to be carried on by 1t, are declared TO
10 buy and sell rice, coffee and sugar, and
other commodities, to import the same, anu
nd 10 dn
business appertaining or in any wise con-
nected Herewith; to buy and sell on com
mission, and generally to carry on any law
full commercial business not in tS; ,ata
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at fifty thousand dollars VOW
| 600 OO), divided into or represented by nve
| hundred 5000 shares of the par value OF one
hundred dollars (S100.0O) each. rms cor
poration shall be a going concern when three
thousand dollars ($3,OOO.OOl OF its capitai
stock shall have been subscribed for.
| No certificate OF stock shall De issued
until the same shall have been fully paid Tor
| in cash. The stock shall be evidenced Dy
certificates issued and signed py tne Presr
dent and secretary and shall be transfera-
BILE only on the books of the corporation. No
transfer Of stock shall be valid and binding
! on the corporation unless and until the same
shall have been entered and made on lts
hooks. and the stock held by any OF its stock
| holders must first be offered for sale 10 the
members Of the corporation before selling the
| same TO outside parties -
i The capital stock of this corporation can
be Increased to any amount by vote OF q
majority in amount OF the stock or TINS cor
poration at a special meeting called lot ina,
purpose, after thirty days notice OF sucL
meeting shall be given In person or py maj
to each stakeholder. ~,
In case of absence, sickness or other dis
ability to act each stakeholder shall have
the right to appoint stakeholder as proxy
TO represent him, who shall have the rights
and powers of his constituent.
ARTICLE v.
The corporate powers or this corporation
shall be vested in board OF directors, .
be composed Of three stockholders, the salt
hoard to be chosen as hereinafter PROVIDED
on the second Monday of July, 1913, prior .
which time the said board shall be com
posed as hereinafter stated. On the seeon'
Monday of July, 1913, and annually there
after on the second Monday OF July In eaei
successive year, general meeting OF IN
stockholders Of this corporation snal A., "
tors to serve during the ensuing year, motto,
of this meeting shall be given each stock
holder in person, or by mail nfteen Gay
/ prior thereto.
At ali elections a majority of the vote
! cast shall elect and each stockholder shai
be entitled TO cast In person or by proxy on
vote on each share of stock held by MN, pu
no vote shall be allowed on any share o
stock transferred within thirty days prior t
All directors. both those appointed in thi
charter and those hereafter 10 De elecIeo
shall continue in Office until their success
sOrs are elected and indicted into once.
In case of failure TO elect directors on IN
day hereina bove fixed, or on such Gay
said annual meeting may have been reg
nrly adjourned to, this corporation shal
lnot thereby be dissolved, but the then dlret
tors shall continue in office and a new elet
ton shall be held, to be preceded by ni'ee
days notice as hereinabove provided
| "A
Until the election first to be held unde
this charter as hereinabove provided, IN
following named persons shall serve as
s, rectors, viz: August w. Berdon, Bernar
, Meyer and Taylor ]. Labry, and August "
! Berdon shall be president, Bernard Meye
yice-president, and Taylor J. Labry, seer
tary-treasurer. The office OF secretary an
: treasurer may be held by one and the sam
! person, and the secretary need not De
, stakeholder in said corporation.
) In case Of vacancy In any once i soi
death, resignation or Otherwise eT cs see sa'
! ARTICLE VII.
! The board of directors shall, at their mr.
: meeting make all such bylaws, rules an
3 ment Of the business of the corporation, !
;, they may deem best, to appoint from time
A time such officers, clerks, agents ana otn'
employees as they may deem requisite, an
. general and special provisions for the fillir
: OF any Office during the temporary aosen
q or inability to act Of the incumbent; to DO
. row money, TO execute mortgages, pledge
= issue bonds and notes, and generally TO NAL
t all contracts whatever, and to DO all thing ins
= matters and acts pertinent to the obJec
= and purposes of said corporation, and In e
. ercising these powers the board Of directo
n may act either directly or through such
q ficers or agents, as II may appoint, with &c
3 eral or special authority In what relates
: the administration of the affairs and co
n tracts Of this corporation, and tive memoe
- shall constitute quorum OF said board
A All subsequent boards Of directors sh'
a have the authority to make new bylaw
amend, alter or repeal all such bylaws
n regulations in operation at their pleasure.
n ARTICLE VIII.
I. Whenever this corporation Is dissolve
r either by limitation or from any other eau
Ir the AFFAIRS Of the corporation shall De
? undated, its debts and liabilities paid, a
r the balance of It's funds, If any, shall
+. divided pro rata among its stockholders, I
e der the charge and superintendence OF TIL
q commissioners, to be elected by major
I I'm amount Of the stockholders, at q meeti
y convened for that purpose after thirty da