The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-03-20
CHARTER
OF THE WELSH CANAL COMPANY.

The United States of America,
State of Louisiana,
Parish of Jefferson Davis.
BEFORE ME, w. B. Williamson, a
Notary Public duly commissioned and
qualified in and for the Parish OF Cal.
casieu, State of Louisiana, and IN
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 and
bind themselves, as well as such others
as may hereafter become associated
with them, in order to form and con-
stitute a body corporate in law 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-wit:
ARTICLE |.
The name of the corporation hereby
formed shall be WELSH CANAL COM.
PANY. Its 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 considera ton, 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, sselling, 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 and
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 lille
This corporation shall enjoy success.
sion by its corporate name, and shall
possess all the powers incident to cor.
porations authorized by law. The term
of its duration and existence is hereby
fixed at ninety.nine years from the date
of this act. 1t shall have the power to
contract; sue and be sued: to make and
use a corporate seal, and the same to
alter at pleasure; to hold receive, pur'
chase, lease and convey, ds well as to
hypothecate and mortgage, under its
corporate name, both real and personal
property; as well as such other powers
as are detailed in article two hereof; to
appoint such officers as the business OF
the corporation may require; to make
such bylaws, rules and regulations fol-
the government of the corporation as
may be necessary, and the same tc
change at will.
ARTICLE w.
The capital stock of this corporation
is fixed at One Hundred Thousand Dol
lars $500 000l, divided into One Thous
and (1,00O) shares of the par value Of
One Hundred Dollars (slOO) each. It is
authorized to commence bushes as soor
as Five Thousand Dollars ($5,OOOl Of
| its capital stock is subscribed. Nc
stock shall be issued unless paid for ir
money or property conveyed to the
corporation or in labor performed in its
behalf; the value of the property &C
quired and the labor performed to be
determined by the Board of Directors
ARTICLE V.
The business and affairs of the corpo
ration shall be managed by Board O
Directors to be composed of not les.
than three ~ stockholders, nor more
than nine 10y, a majority of whom shall
constitute quorum. The Board O
Directors shall elect one of their nun
hon pnocidonf 1nn &c k+a;. ....I :.