The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-04-10
CHARTER
or TIE WELSH CANAL COMPANY.

BEFORE Me, W. B. Williamson,
Notary Public duly commissioned ana
qualified in and for the Parish OF Cal
ca sieu, State of Louisiana, ard III
the presence of the witnesses herein.
after named and undersigned, person:
ally came and appeared the several
persons whose names are subscribed,
who severally declared that they do,
by these presents, covenant. agree ana
bind themselves. as well as such others
as may hereafter become associated
with them, in order to form ard con-
stitute body corporate in Jaw under
the general and Special laws OF the
State of Louisiana authorizing the
organization of corporations, for the
following objects, purposes, and under
the stipulations following, tO.Wlt:
ARTICLE ].
The name of the corporation hereby
formed shall be WELSH CANAL COM.
PANY. It's domicile is fixed at Welsh,
jefferson Davis Parish, Louisiana. All
citations and process of court shall be
served upon the President, and, in his
absence, upon the Vice President, and,
in his absence, upon the Secretary.
Treasurer, at the domicile Of the corpo.
ration as provided by law.
ARTICLE II.
The objects and purposes for which
this corporation is formed are the own.
ing, operating and constructing Of
canals for furnishing water as may be
agreed upon by contract; to conduct a
general canal business; the furnishing
for a consideration, of water to aid in
the growing of rice and other farm
products, and making contracts relative
thereto; the giving and taking OF crop
pledges; the planting and raising OF
rice or any other farm product; the
buying, selling and mortgaging of land;
the buying, selling, storing and ex'
changing of rice and and any other
farm product; the acquiring, owning
and operating of warehouses and rice
mills; the borrowing and lending Of
money, and giving and taking such
security as the law permits; the buying
owning and selling OF live stock ant
other personal property; and generally
to exercise such other incidental
powers as may be necessary, or desir
able, to carry out and accomplish the
general purposes of this corporation.
ARTICLE III.
This corporation shall enjoy success
sion by its corporate name. and shal
possess all the powers incident to cor
porationS authorized by law. The tern
of its duration and existence is hereby
fixed at ninety.nine years from the date
of this act. 1t shall have the power t.
contract; sue and be sued: to make ant
use a corporate seal, and the same t
alter at pleasure; to hold receive, pur
chase, lease and convey, Dis well as t.
hypothecate and mortgage, under it
corporate name, both real and persona
property; as well as such other power
as are detailed in article two hereof; t.
appoint such officers as the business o
the corporation may require; TO max
such bylaws, rules and regulations 70
the government of the corporation a
may be necessary, and the same t
change at will.
ARTICLE
The capital stock of this corporatio
, is fixed at One Hundred Thousand Do
lars $500 000), divided into One Thou
and (1,C00) shares of the par value {
One Hundred Dollars ($lG0) each. 1t
! authorized to commence bushes as 500
as Five Thousand Dollars tS5,000l {
its capital stock is subscribed. N
stock shall be issued unless paid for
? money or property conveyed to til
S corporation or in labor performed in i
! behalf; the value of the property a
: CURED and the labor performed to
determined by the Board of Director
y ARTICLE V.
c The business and affairs of the corp
g ration shall be managed by a Board
Directors to be composed of not ie
. than three (3) stockholders, nor mo
T than nine t9), majority of whom shs
t. constitute a quorum. The Board
O Directors shall elect one of their NIL
6 Der President, one of their numb
u Vice President, and one of their null
e Der Secretary.Treasurer; the Offices
/? Secretary and Treasurer to be held
" one and the same person. A. 7. Jont
; E. H. Boiling. W. B. GabDert and L.
i Robinson shall compose the first Boa
II OF Directors, with L. E. Robinson
Of President, A. T. Jones as Vice Preside
+ aud E. H. Boiling as Secretary. Ire;
:, urer; which Board of Directors Sh
~ hold office until the End Thursday
ed January of 1915, and until their 81
N cessors shall be elected. The amt
NJ meeting of the stockholders shall
held on the End Thursday in Janua
w. of each year, at ten o'clock a. H., at I
IN Office of the corporation, at which til
is fthe Board of Directors shall be elect
ba by the stockholders voting in person
by written proxy, who shall hold of
~ until their successors shall be elect
ar All elections shall be by ballot. e;
a shareholder shall be entitled to {
&c vote for each share of stock owned
him. Notices of elections and of
I'LL Settings of the stockholders shall
an given by registered mail address
ur to the stockholders at the
an residences ten DAYS previous to
= time OF the meeting. The said b
ha of Directors shall he vested with al
ny, the powers of the corporation.
to vacancy in the Board of Direct
no caused by death, resi- gEation, or otf
-, wise, shall be filed by the Board
liy Directors as then constituted fl
nix, among the stockholders e!i0ible.