The herald., 1913-07-03

laws and regulations for It's proper manage
ment and name and appoint such omcerS as
/ its interest and convenience may require,
and IL shall have all the rights, powers, ad-
vantaces and immunities, granted by law to
| ARTICLE 1.-THE purpose for which this
! corporation is organized. and the nature OF
the business TO be carried on by u, are
hereby declared TO be: To buy. sell, ana d'a!
| in rice and other agricultural products of
this state. and their by-productS, on commlS-
/ sion and otherwise, and to do general rice
milling business in all its branches. ana tps
/ Sa id purpose IL NAV own, lease and op'Tat"
| mills warehouses. factories and works; and
| to do such other things as may be consistent
20 said business and TO promote the same;
! ARTICLE IIl.-The capital stock or thIs
| CORPORATION Is hereby fixed at the sum OF
twenty thousand dollars. divided into and
represented by two hundred Sharc> OF rue
! pa- value Of one hundred dollars each. when
/ shall be- paid for in cash, goods or services
Iactually rendered 10 the company. on Slch
| terms and conditions As may be liked ny the
This corporation shall commence business
! and become a going concern 50 soon rs three
/ thousand dollars of its capital stock sha..
! have been subscribed for.
! All transfers Of stock snail he maze on
/ the books of the company. and shall p" sign
ed by the stakeholder or his duly authorized
! agent.
ARTICLE IV-The corporate powers y
/ this company and the full management ami
control Of its affairs shall be vested IN ana
exercised by a board Of directors composed
I OF not more ludu NV u'l it~N AA''''i ''''''
stockholders a ma iOritv Of whom shall con
Stitutc a quorum for the transaction OF ali
business
/ shall De held annually tStarting with the
/ year 1910 on the first Tuesday in June at
/ the Office Of the company, under the super
vision Of two commissioners. 10 be appointed
| by the president, after ten days previous
notice Of such meeting has been given,
| Immediately after the signing Of this char
| ter the stockholders shall elect without fur
tN IL ri p "A WI a
shall serve until the annual meeting In 1914.
All elections shall he by ballot and a ma
! joritv Of the votes cast shall elect.
| Each board shall at It's first meeting after
| its election. elect from its own number n
! president, a vicc-prcsident, and secretary
treasurer. and they. as well as the board
electing them. shall hold office until their
successors are duly elected and qualified
| ANY vacancy occurring in said board shall
be filed by the remaining directors for the
| ARTICLE V'--No stock Of the company
shall be sold by any holder thereof without
/ first Offering the same, in writing. To the
stockholders. through the board of directors,
| ARTICLE VI-Thp capital stock Of this
| corporation may be increased in the manner
provided by the laws Of this state. In which
event, fifteen days written notice shall be
given to each stakeholder, within which time
| stockholders Of the company shall have the
| right to subscribe for said additional issue
| Of stock in proportion TO the number OF
| shares then owned by them, and which addi-
| tiOnal shares shall he paid for in such man
ncr as the board Of directors may direct
| after the expiration of said time the board
may dispose of the shares not taken in such
manner as they deem fit and proper.
ARTICLE yII.-This act of incorpora-
ton may he changed. modified. or this cor
poration dissolved with the assent Of ma.
| jority of It's stock. present or represented. at
a general meeting convened for that pur-
pose. after thirty, days. previous notice of
such meeting has been given.
| In case OF dissolution or liquidation OF
| this corporation. from any cause, the stock
| holders shall elect from among their number
| two liQuidatOrs. at a meeting convened for
that purpose after ten days previous notice
of such meeting has been given. Said liqui-
dafoors shall have full power to fully and
| finally settle and wind mp all the business
and affairs of this corporation. In the
event Of the death Of either Of said liqui-
datOrs, of the refusal or inability OF one
| Of them to act, the survivor shall continue
Written notice OF all stockholders meet
inGs and vOtings shall he given through mail
! addressed 70 each stakeholder at his address
appearing on the books of the company. and
at all such meetings and vOtings each share
Of stock shall he entitled TO one vote, either
No stakeholder shall ever be held liable
or responsible for the contracts. faults or
debts of this corporation. nor shall any mere
informality in its organization have the ef-
feet of rendering this charter null. or Of eX- |
posing a stakeholder to any liability beyond |
the unpaid balance, II any, due on the shares |
owned by him.
The subscribers hereto have each set op- |
pOsite their respective names the number Of |
shares Of stock subscribed for by each OF |
them. in order that the same may also serve
as the original subscription list
Thus done and passed in my nOtarial Of
fee in the city Of New Orleans aforesaid. In |
the presence OF Jefferson G. Wenck and |
Thomas Joseph Dobbins, competent witness
es Of lawful age, and residing in this city,
who hereunto subscribe their Names to-
Cether with said parties and me- notary. on
the day and date set forth In the caption
hereof
(Orginal signed) Names Of subscribers
and subscriptions omitted. ]. G. Wenck. T.
J. Dobbins W. W. YOCNG. Not. Pnb.
!, the undersigned recorder Of mortgages.
in and for the parish OF Orleans, state OF
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of the
Panama Rice Milling Company. was this day
duly recorded in my Office, in book 1888,
folio -.
New Orleans. May GOTH 1913
(SeaD (Signed) EMILE J. LEONARD, d. r.
A true copy Of the original.
(Signed) W. W. Young,
june IL 10 % july 10 1913 WV "