The herald., 1912-08-08
CHARTER
OF NEW ORLEANS RICE COMPANY.

|
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS
CITY OF NEW ORLEANS.
Be it known, that on this twent-seventf
day Of the month of June, in the year of oul
| Lord one thousand nine hundred and twelve
| and of the independence of the United State:
| of America, the one hundred and thirty
| sixth, before me, John Marshall Quintero
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
peared: August W. Berdon, Bernard Meyer
and Taylor J. Labry, residents of the City
| of New Orleans, State of Louisiana, who
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 have
power to exist and enjoy succession for the
full term of ninety-nine years from date OF
this act; to contract, sue and be sued, to
make and use a corporate seal, IL any shall
be designated by the board OF directors, and
generally to do all acts necessary or con-
venient or In any manner appropriate for
the accomplishment Of the purposes herein
ARTICLE II.
The domicie of this corporation shall be
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.
ARTICLE III.
The purposes for which this corporation
Is established. and the nature Of the bust
ness to be carried on by 1t, are declared to
be:
To buy and sell rice, coffee and sugar, and
other commodities, to import the same, and
all other products, and to do any and all
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 inconsistent
with the constitution and laws of this state.
ARTICLE Nv.
The capital stock of this corporation Is
hereby fixed at fifty thousand dollars $780,
oO0.00), divided into or represented by FIVE
hundred (50O) shares Of the par value OF one
hundred dollars (s1O0O0) each. This cor
thousand dollars ($3,000.O0l Of its capital
stock shall have been subscribed for.
No certificate of stock shall be issued
until the same shall have been fully paid for
certificates issued and signed by the presi-
dent and secretary and shall be transfers.
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 its
books, and the stock held by any of its stock
holders must first be offered for sale to the
members OF the corporation before selling the
same to outside parties.
The capital stock of this corporation can
be increased to any amount by a vote OF q
majority In amount of the stock of this cor
poration at special meeting called for that
purpose, after thirty days notice of such
meeting shall be given in person or by mail
to each stakeholder.
ability to act, each stakeholder shall have
the right to appoint a stakeholder as proxy
to represent him, who shall have the rights
and powers of his constituent.
ARTICLE V.
The corporate powers Of this corporation
shall be vested In a board of directors, to
be composed Of three stockholders, the said
board to be chosen as hereinafter provided,
on the second Monday of July, 1913, prior to
which time the said board shall be com.
posed as hereinafter stated. On the second
Monday Of July, 1918. and annually there
after on the second Monday Of July In each
successive year, a general meeting Of the
stockholders of this corporation shall be
held and there shah be elected three direc-
tors to serve during the ensuing year, notice
prior thereto.
At all elections majority of the votes
cast shall elect and each stakeholder shall
be entitled to cast In person or by proxy one
vote on each share OF stock held BY him, but
no vote shall be allowed on any share Of
stock transferred within thirty days prior to
An direetors, botA those appoilfed IN tbiG