The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-26

represented by two hundred shares OF the
oar value Of one hundred dollars each, which
Shall be paid for in cash, goods or services
actually rendered TO the company on SuCh
terms and conditions as may he fixed 10y ia"
This corporation shall commence business
and become a going concern 50 soon as three
thousand dollars of its capital stock >h'u
have been subscribed for
Al transfers Of stock Sha!l h' maze Nh
the books Of tho company, and shall %" Si-h.
ed hv the stakeholder or his duly authorized
agent.
This COMPANY and the fun management and
control of It's affairs shal. %" vested ~ ana
exercised 10y a board Of directors composed
Of not more than i've. nor less lhan three
stock holders a ma iDrity Of whom shall con
stitutc a quorum for the transaction Of all
business.
shall loo held annually i~farliu- with I'll"
| wear 1910 on tn, first Tuesday I'm June. at
/ the office ot the company. under the SUPER,
Vision of TWO commissioners, 20 b" appointed
Ihv the president. after ten days. previous
nor ice Of such meeting has been given.
Immediately after the signing Of this char
/ ter the stockholders shall elect without 'Gr-
Their forWalitv. the board Of directors, Who
IShaII serve until the annual meeting .n 1914.
/ Al elections shall De 10y ballot and a mat
! jority OF the votes cast shall elect
| Each board shall, 40 its first meeting after
its election. elect from its own number
president a vico-proSident, and S"er.tHry-
treasurer and they. as well as the board
IrIccriug them, shall hold Office until their
successors are duly elected and qualified
ANY vacancy occurring in said board shall
The filed Icy the remaining directors for the
luuoNpircd term.
| ARTICLE V-No stock Of the company
shall be sold by any holder thereof without
first Offering the sane. in writing. 10 IA"
stockholders. through the board Of directors,
ARTICLE VI-The capital stock Of this
corporation NAV he 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 tn"
right to subscribe for said additional Issue
Of stock in proportion TO the number OF
shares then owned hv them. and which addi-
tional shares shall he paid FOR In such ma n
Nor as the board Of directors may direct :
latter the expiration Of said time tho board
NAV dispose Of the shares NOT taken In such
manner a they deem fit and proper.
! ARTICLE NlT-ThiS act Of lncorpora-
tion may be changed. modified. or this cor
poratiOn dissolved with the assent Of ma
iority Of its stock, present or represented. M
| a general meeting convened for thar 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 iiquda tors. ar n meeting convened FOR
that purpose after ten days previous notice
Of such meeting has been given. Said liqui-
da-orS shall have full power 10 fully and
n
and affairs Of this corporation. In the
Icvcnt Of the death Of either Of said liQui
datorS. or Of the refusal or inability 81 one
Of them to act, the survivor shall continue
70 aCt.
Written notice Of all stockholders meet
ingS and votinCS shall he given through mail
addressed to each stakeholder at his address
Iappearng on the books Of tho company. and
AT all such meetings and vOtingS each share
Of stock shall he entitled to one vote, either
| in person or by proxy.
No stakeholder shall ever hc held liable
or responsible for the contracts. faults Ol
debts Of this corporation. nor shall any mcr,
informally in its organization have the Of
feet Of rendering this charter null. or Of OK
posing n stakeholder 70 any liability beyOn(
the unpaid balance, II any, due on the shares
owned by him.
The subscribers hereto have each set on
noSito their respective names. the number Of
shares of stock subscribed for by each Ot
them. in order that the same may also serv,
as the original subscription list.
Thus done and passed in my notarial Of
flee in the city OF New orleans aforesaid, II
the presence Of Jefferson G. Wcnck and
Thomas Joseph Dobbins, competent witness
es Of lawful age. and residing in this city
who hcreuntO subscribe their names. to
; gether with said parties and me. notary. on
the day and date set forth in the caption
= hereof.
COriginal signed) Names Of subscribers
: and subscriptions omitted: ]. c. Wenck. T,
J. Dobhins. W. W. YOUNG, Not. Pnb
/. the undersigned recorder Of mortga ges
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 1855.
folio -.
New Orleans. May Goth. 1913.
! (SeaD (Signedl EMILE ]. LEONARD, n. r.
A true copy Of the original
,sr tsigned) W. W. YouNG.,
june 5 - 10 &c july 10 1913 "