The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18
CHART Err
OF NEW ORLEANS RICE COMPANY.

UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
Be il known, that on this twent-Seyenth
day OF the month of June, in the year of 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-
reared: August W. BerdOn, Bernard Meyer
and Taylor J. Labry, residents or the CITY
OF New Orleans, State OF LOUISIANA, VINO
declared that, availing themselves of the
provisions of the laws of the state OF Lou
isiana. for themselves, their successors and
assigns, they do hereby form themselves
into a 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 Tor the
full term OF ninety nine years from date or
this act; to contract, sue and be sued, 10
make and use a corporate seal. II any shall
be designated by the board OF directors, ana
generally to do all acts necessary or con-
venient or in any manner appropriate for
the accomplishment OF the purposes hereln-
after set forth.
The domicile 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 or
his absence, upon the yice-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 the busi-
ness to be carried on by it, are declared TO
be:
To buy and sell rice, coffee and sugar, and
other commodities, TO import the same, ana
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 ".
The capital stock of this corporation Is
hereby fixed at fifty thousand dollars tS9o,-
600 O0), divided into or represented by nve
hundred 5000 shares Of the par value OF one
hundred dollars (s100.O0) each. This cor
poration shall be a going concern when three
thousand dollars (s3,0O0.OOl OF It's capitai
stock shall have been subscribed for.
No certificate OF stock shall be issued
until the same shall have been fully paid for
in cash. The stock shall be evidenced by
certificates issued and signed Dy the presl-
dent and secretary and shall be transfera-
bic 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 ana made on It's
>.
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
he Increased to any amount by a vote Of a
majority in amount Of the stock OF this cor
porat ton at a special meeting called Tor tnat
purpose, after thirty days notice OF such
meeting shall be given Ia person or py mali
to each stakeholder. .
In case Of absence, sickness or other dis
ability to act, each stakeholder shall have
the right to appoint stockholder 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, 10
be composed of three stockholders, the said
board to be chosen as hereinafter provided,
on the second Monday Of July, 1913, prior 10
which time the said board shall be com.
posed as hereinafter stated; ON the second
Monday of July, 1913, and annually there
after on the second Monday of July in each
successive year, a general meeting or the
stockholders of this corporation shall be
held and there shall be elected three direc-
tors to serve during the ensuing year, notice
of this meeting shall be given each STOCK
holder in person, or by mail nfteen Gays
prior thereto.
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, out
no vote shall be allowed on any share OF
said election.
All directors. both those appointed in thi,
charter and those hereafter to be elected,
shall continue in office until their success
sors are elected and Indicted into office.
In case Of failure to elect directors on the
day hereina bove fixed, or on such day as
said annual meeting may have been regu,
larly adjourned to, this corporation snail
not thereby be dissolved but the then direc-
tors shall continue in office and new cleo
ton shall be held, to be preceded by hfteen
days notice as hereinaboye provided.
ARTICLE vi.
Until the election first to be held under
this charter, as hereinabove provided, the
following named persons shall serve as al,
rectors, viz August w. Berdon, Bernard
Meyer and Taylor ]. Labry, and August w
Rerdon snail be president, Bernard Meyer,
yice-president and Taylor j. Labry, secre.
tary-treasurer The Office of secretary and
treasurer may be held by one and the same
person, and the secretary need not be
stockholder in said corporation.
In case Of vacancy in any office from
DEATH resignation, or otherwise, the said
board Of directors shall elect successor.
ARTICLE VII.
The board of directors SHALL at their first
meeting make all such bylaws, rules and
| REGULATE for the conduct and manage
ment of the business Of the corporation. as
they may deem best, to appoint from time tc
time such officers, clerks, agents and Other
employees as they may deem requisite, and
the same to dismiss at pleasure 10 MAKE
general and special provisions for the filling
| of any Office during the temporary absence
or inability to act of the incumbent; to Dor
row money, to execute mortgages, pledges
| issue bonds and notes, and generally 70 MAKE
all contracts whatever, and to do all things
matters and acts pertinent to the objects
and purposes of said corporation, and In ex
ercising these powers the board OF director,
may act either directly O. through such OF
| fcers or agents, as Ii may appoint, with gen
eral or special authority in what relates t.
the administration Of the affairs and con
tracts of this corporation, and two member
shall constitute a quorum Of said board.
All subsequent boards OF directors shall
have the authority to make new bylaws
amend, alter or repeal all such bylaws o.
regulations in operation at their pleasure.
| ARTICLE VIII.
Whenever this corporation Is dissolved
either by Limitation or from any other caus
the affairs of the corporation shall be II
quidated, its debts and liabilities paid, an'
| the balance of Its funds, II any, shall b
divided pro rata among It's stockholders, uB
der the charge and superintendent Of thre
commissioners, to be elected BY majorit,
| in amount of the stockholders, at a meetin
convened for that purpose after thirty day