The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-04-17
CHARTER
OF THE WELSH CANAL COMPANY
The United States of America,

Notary Public duly commissioned anC
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. 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, upoA the Vice. President, and,
in his absehae, 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
general canal business; the furnishing
for 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 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 III.
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 corporate seal, and the same to
alter at pleasure; to hold receive, pur.
chase lease and convey, Dis we'll as to
hypothecate and mortgage, under it's
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 for
the government of the corporation as
may be necessary, and the same to
change at will.
ARTICLEIV.
The capital stock of this corporation
is fixed at One Hundred Thousand Dol.
lars $500 000), divided into One Thous.
and 1000 shares of the par value of
One Hundred Dollars ($100} each. II is
authorized to commence bushes as soon
as Five Thousand Dollars ($5,C0O) of
its capital stock is subscribed. No
stock shall be issued unless paid for in
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 of
Directors to be composed of not less
than three (3) stockholders, nor more
than nine (9], a majority of whom shall
constitute a quorum, The Board of
Directors shall elect one of their mum.
Der President, one Of their number
Vice. President. and one of their mum.
Der Secretary.Treas the offices of
Secretary and Treasurer to be held by
one and the same person. A. T. Jones.
E. H. Boiling. w. B. GabDert and L. E.
Robinson shall compose the first Board
OF Directors, with L. E. Robinson as
President, A. T. Jones as Vice President
and E. H. Boiling as Secretary. Treas.
urer; which Board of Directors shall
hold Office until the End Thursday n
January OF 1915, and until their sue.
cesSors shall be elected. The annual
meeting of the stockholders shall he
held on the End Thursday in January
of each year, at ten o'clock a. M, at the
office of the corporation, at which time
the Board of Directors shall be elected
by the stockholders voting in person or
by written proxy, who shall hold Office
until their successors shall be elected.
All elections shall be by ballot. Each
shareholder shall be entitled to one
vote for each share of stock owned by
HIM. Notices of elections and of all
aeetings of the stockholders shall he
given by registered mail addressed
to the stockholders at their
residences ten DAYS previous to the
time OF the meeting. The said Board
of Directors shall be vested with all OF
the powers OF the corporation. Any
vacancy in the Board of Directors
caused by death, resignation, or other.
wise, shall be filled by the Board of
Directors as then constituted from
among the stockholders eligible.
ARTICLE VI.