The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-03-13
CHARTER
OF THE WELSH CANAL COMPANY.

Va
Parish of Jefferson Davis.
BEFORE ME, w. B. Williamson, a
| Notary Public duly commissioned and
qualified in and for the Parish OF Jetfer'
son Davis, 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 we'll 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 domicle 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 ice.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 shall
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 II
contract; sue and be sued: to make ant
use corporate seal, and the same tt
alter at pleasure; to hold receive, pur
chase, lease and convey, ds we'll as t.
hypothecate and mortgage, under its
corporate name, both real and persona
property; as well as such other powers
as are detailed in article two hereof; tt
appoint such officers as the business o
the corporation may require; to make
such bylaws, rules and regulations fol-
the government of the corporation al
may be necessary, and the same tt
change at will.
ARTICLE w.
The capital stock of this corporation
is fixed at One Hundred Thousand Dol
lars ($1O000O), divided into One Thous
and 1,000l shares of the par value O
One Hundred Dollars (S1O0) each. III
authorized to commence bushes as 500
as Five Thousand Dollars t$5,000l G
its capital stock is subscribed. N
stock shall be issued unless paid for i
money or property conveyed to tn
corporation or in labor performed in il
behalf; the value of the property al
quired and the labor performed to b
determined by the Board of Director
ARTICLE V.
The business and affairs of the corp'
ration shall be managed by a Board {
\ Directors to be composed of not les
than three ~ stockholders, nor MOI
4 than nine 10y, a majority of whom sha
\ constitute a quorum, The Board
Y Directors shall elect one of their nur
n Der President, one of their numbt
N Vice. President. and one of their nur
\ Der Secretary Treasurer; the Offices
n Secretary and Treasurer to be held
u one and the same person. A. T. Jone
~ E. H. Boiling, W. B. Gabbert and L.
N Robinson shall compose the first Boa
v OF Directors. with L. E. Robinson
" President, A. T. Jones as Vice Preside
N and E. H. Boiling as Secretary.Trea