The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-03-30
CHARTER
of the
MUTUAL WAREHOUSE COMPANY,
INC.

United States Of America,
State CT Louisiana,
Parish of Jefferson Davis.
Be it known that on this 22nd day
of March, A. D, 1917, before me, the
undersigned notary public, duly com
missioned and qualified, in and for
said parish and state, and in the pres
ence Of the witnesses hereinafter nam
ed and undersigned, personally came
and appeared the persons whose
names are hereunto signed, who de-
clared, that awaiting themselves of the
DroviSiors Of Oct No. 267 of the Gen.
eral Assembly Of TIE State Louis
ana for the year 1914 and the general
laws Of Louisiana not inconsistent
herewith. they have formed and do
hereby form themselves and such per-
sons as may hereafter become asso-
ciated with them, and their success
sOrs, into a body corporate, hereby &C
cepting the following articles as their
arter or act of incorporation.
ARTICLE I.
The name of this corporation shall
be MUTUAL WAREHOUS COM
| PANY, INC" and by such name it
shall enjoy succession for period of
jninety-nine years; shall have power
20 sue and be sued and to defend; to
make use and alter a common seal;
to appoint such officers and agents
las its business may require, and tc
fix their compensations; to adOpt
ISuch bylaws as may be consistent
with law arA the provisions of thiS
! 'rter; and to carry on its opera
tiOns hereunder in the State of Louis
lana and elsewhere in the United
States of America. The powers con
farred Upon this corporation shall b,
vested in and exercised by an;
through its Board of Directors, sub
iect to such restrictions as may here
, matter be ADDICTED.
ARTICLE il.
. The objects and PURPOSES for whlc
this corporation is formed are de
=. rIared tC be any one or all Of the fol
lowing, to-wit:
= To establish. own, maintain. cor
troll, and operate a private WarehouS
or warehouses in the Town of Welsi
Louisiana, or elsewhere for the stol
age of rice and other grains. rrovl'
ions, foodstuffs, fertilizer, machlner,
vehicles. and in fine merchandise. an
any and al commodities made use
hv farmers. merchants or planters:
charge and receive storage thereto
to issue private and non-negotlab
warehouse receipts; to act as ascn
for insurance corpanieS: to own. o.
10 crate and otherwise control mills
every character, includin0 rice al
l. feed mills. and to dispose of the pro
Is uct thereof, or to CHARGE and receI
money as toll for milling: to acce
er crou liens or pledges, and chattel al
real estate moi tgages, and prom
sorv notes as security for debt or a
vances: and likewise to carry
planting and farming operations.
!. CARVING out the nurpose of the &C
poration. as above indicated, 1t
empowered to acquire, cucumber, CO
troll and ahenate all species of n
and personal property necessary
ur incident thereto.
ARTICLE III.
The capital stock of this corporatl
is fixed at TWENTY-FIVE thousand (S2
h. OO0OO) dollars. divided into and RI
resented by five hundred shares
nj the par value of fifty t$5O.O0) doll
- each: provided that said capital ST.
iiu NAV from time to time he increa'
RS. not to exceed the sum of fifCv tho
and ($5O,OO0O0) dollars. All OF
stock of this corporation is comm
stock, there being none preferred.
ARTICLE ".
The domicile of this cornoratlor
''S fixed at Welsh Jefferson Davis T
has ish. Louisiana, where all meetings
is the stockholders and Directors 81
NJ. he held; provided that with the W
ten consent of all Directors, filed v
ms the Secretary, meetings of that b
mi NAV be held at any place in or W
use ont the State of Louisiana.
~, ARTICLE V.
0O- No stock or stock certificates.
resenting any part of the capita
this corporation, shall be sold or tr'
.or ferred by the holder thereof until
" same shall have been offered to
aV corporation at a price not a ex
of that which may have been Off
H. to said holder by other parties;
,ose BOARD of Directors reservlng the +
to ACQUIRE same at such price sh
il he deemed exnediart and prope
ARTICLE vi.
The Board of Directors OF tins
noration shall consist of not less
you five nor more than eleven s;oekl
hich ers. They shall be elected at the
IL stockholders meeting and ann
anu thereafter, and shall hold ofhc
cine, such until their successors are ell
you and qualified. Immediately after
,odv qualification, the Directors shall
from their number Presldel
med iron! p Sneil and a Secretary
tone Treasurer; provided that, at thu
stock ton of the Directorate the lattel
Ising offices may De conI Ioa,, of this co
1T OF alton, the Board of Directors ma J;
point such agents and empI,
nc. with such powers and duties as m
n m,s by law and this CHI
Thew shall also have the power
- anv vacancies in their number a