The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-03-27
CHARTER
OF THE WELSH CANAL COMPANY.
The United States of America,

al 'Sli vi dSllGFSOl DdVlS.
BEFORE Me, W. B. Williamson,
Notary Public duly commissioned an,
qualified in and for the Parish of Cal
caSieu, State of Louisiana. and il
the presence of the witnesses herein
after named and undersigned, person
ally came and appeared the seyera
persons whose names are subscribed
who Severa'ly declared that they do
by these presents, covenant, agree ant
blnd themselves, as we'll as such other,
as may hereafter become ASSOCIATED
with them, in order to form and con
Stltute 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 StlpulationS following, to.Wit:
ARTICLE |.
The name OF the corporation hereby
formed shall be WELSH CANAL COM.
PANY. It's dOmcile is fixed at Welsh,
Jefferson Davis Parish, Louisiana. All
citations and process of court shall he
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
ana 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.
lble, to carry out and accomplish the
general purposes Of this corporation.
ARTICLE III.
This corporation shall enjoy success.
'Ion by its corporate name, and shall
possess all the powers incident to cor.
'oratlonS authorized by law. The term
II its duration and existence is hereby !,
lXed at nlnaty.nine years from the date
u this act. 1t shall have the power to
sue and be SUED: to make and
Use corporate seal, and the same to
Tier at pleasure; to hold receive, DIR.
haSe, lease and convey, DIS well as to
lypothecate and mortgage, under its
orporate name, both real and personal
property; as well as such other powers
Sare detailed in article two hereof; to ,
ppoint such officers as the business of
ne corporation may require; to make
uca bylaws, rules and regulations for
ne government of the corporation as
nOaV be necessary, and the same to
hange at will.
ARTICLE w.
The capital stock of this corporation
hxed at One Hundred Thousand Dol.
ars (SlOO ,OOO), divided into One Thous.
nd l.C00l shares of the par value of
Inc Hundred Dollars ($1C0) each. II is
authorized to commence bushes as soon
s Five Thousand Dollars ts5,OOO) of
Is CAPITAL stock is subscribed. No
lock Shall be issued unless paid for in '
honey or property conveyed to the
orporation or in labor performed in its
ehalf; the value of the property &C.
uired and the labor performed to be
etermlned by the Board of Directors.
ARTICLE V.
The business and affairs of the corpo. 6
alton shall be managed by Board of !
directors to be composed of not less r
han three (3) stockholders, nor more
ban nine (9), majority of whom shall
onstltute a quorum. The Board of 3
shall elect one of their nun. =
er President, one of their number T
lce.Presldent, and one of their nun.
er Secretary.TreaSurer; the offices of /
ecretary and Treasurer to be held bv :
ne and the same person. AT. Jones =
!. H. Boiling, w. B. GabDert and L. E. =
Johnson shall compose the first Board
I Directors, with L. E. Robinson as
resident, A. 7. Jones as Vice President 7
nd Z. b. Boiling as Secretary,Treas.
rer; Which Board of Directors shall +
old office until the End Thursday in
anuary of 1915, and until their sue.
essors shall be elected. The annual
Meeting of the stockholders shall he
ED on the End Thursday in January
I each year, at ten o'clock a. M, at the1
ffice of the corporation. at which time S
he Board of Directors shall be elected G
y the stockholders voting in person or t
y written proxy, who shall hold office r
ntll their successors shall be elected. S
III elections shall be by ballot. Each S
hareholder shall be entitled to one
ote for each share of stock owned nv a
I'M. Notices of elections and of all il
lettings of the stockholders shall he r
iven by registered mail addressed p
} the stockholders at their v
esidences ten days previous to the S
me of the meeting. The said Board I
Directors shall be vested with all of p
re powers of the corporation. Any
acancy in the Board of Directors
iused by death, resignation, or other.
Use, shall be filled by the Board Of