The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-04-03
CHARTER
or THE WELSH CANAL COMPANY

! STATE OI LtulSidlld,
Parish of Jefferson Davis.
BEFORE ME- W. B. Williamson, q
Notary Public duly commissioned and
qualified in and for the Parish OF Cal
CaSieu, State of Louisiana, ard lr
the presence of the witnesses herein
after named and undersigned, person
ally came ard appeared the several
persons whose names are subscribed
who SeveraIiy declared that they do
by these presents, covenant. agree ard
bind themselves, as well as such Others
as may hereafter become associated
with them, in order to form ard con
Stitute a body corporate in law under
the general and special laws CT 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 doTicile 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 domici!e 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 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 CT
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 rinety.nine years from the date
of this set. 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; 10 hold receive, pur.
chase, lease and convey, DIS well as to
hypOthecate and mortgage, under its
corporate name. both real ond personal
property; IS 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 al will.
ARTICLEIV.
The capital stock of this corporation
is fixed at One Hundred Thousand Dol.
lars $500 000), divided into One Thous.
and t1,eG0) shares of the par value of
One Hundred Dollars (Sl90) each. II is
authorized to commence busiFes as soon
as Five Thousand Dollars (S5,oOO) 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.
uuired 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 a Board of
Directors to be composed of not less
than three 81 stockholders, nor more
than nine 81, majority of whom shall
constitute quorum. The Board of
Directors shall elect one of their nun.
Der President, one of their number
Vice.PreSident, and one of their mum.
Der Secretary.Treasurer; the offices of
Secretary and Treasurer to be held by
one and the same person. A. T. Jones,
g. Fl. Boiling, w. B. GabOert and l.. E.
Robinson shall compose the first Board
ot 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 in
January of 1915, and until their sue.
oessors shall be elected. The annual
meeting of the stockholders shall be
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
~ 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
Seetings of the stockholders shall be
| 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
1 vacancy in the Board of Directors
! M ,1cod nv doc th poc;uro4;o,, -. -