The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-04-13
CHARTER
of the
MUTUAL WAREHOUSE COMPANY,
INC.

INC.
United States of America,
State of 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 availing themselves of the
provisions Of Oct No. 267 of the Gen.
eral Assembly of the State Louis
lana 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 body corporate, hereby ac
Icepting the following articles as their
lrter 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 a period of
lninety-nine years; shall have power
to 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 to
fix their compensations; to adopt
Nsuch bylaws as may be consistent
with law and the provisions of this
arter; 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-
ferred upon this corporation shall be
vested in and exercised by and
through it's Board of Directors, sub
iect to such restrictions as may here
matter be indicated.
ARTICLE II.
The objects and purposes for which
this corporation is formed are de-
clared to be any one or all of the fol-
lowing, to-wit:
To establish, own, maintain. con-
, troll, and operate private warehouse
or warehouses in the Town of Welsh
Louisiana, or elsewhere for the stor
J. age of rice and other grains, provis
y. iors. foodstuffs, fertilizer, machinery
vehicles, and in fine. merchandise. am
any and al commodities made use o
= by farmers, merchants or planters; t.
charge and receive storage therefor
to issue private and non-negotiabl
warehouse RECEIPTS; to act as agent
for insurance companies; to own. op
crate and otherwise control mills o
/ every character, including rice an
feed mills. and to dispose of the prod
uct thereof, or to charge and recelv
money as a toll for milling: to accep
/ crop liens or pledges, and chattel an
/ real estate moi tgages, and pron1iS
sorry notes as security for debt or &C
vances;' and likewise to carry 0
planting and farming operations.
carrying cut the purpose of the col
poration. as above indicated, it
/ empowered to acquire, cucumber, col
troll and ALLEVIATE all species OF re-
and personal property necessary
incident thereto.
ARTICLE III.
The capital stock of this corporate
is fixed at twenty-five thousand ($25
1000 OO) dollars, divided into and re-
resented by five hundred shares
the par value of fifty ($5O.OO) dolla
each: provided that said capital sto'
NAV from time to time be increas'
, not to exceed the sum of fifty thou
and $3.50, OOO00) dollars. All OF II
stock of this corporation is comm'
stock. there being none preferred.
ARTICLE w.
The domicile of this corporation
fixed at Welsh Jefferson Davis ia
ish. Louisiana, where all meetings
the stockholders and Directors sh
be held; provided that with the W.T.
ten consent of all Directors, filed WI
the Secretary, meetings OF that DO
= may be held at any place in or VII
out the State of Louisiana.
ARTICLE V.
No stock or stock certificates. n
resenting any part of the capltal
this corporation, shall be sold or ira
ferred by the holder thereof until
same shall have been offered to
CORPORATION at a price not "a exc
of that which may have been otfel
to said holder by other parties;
Board of Directors reservlng the ri
TO ACQUIRE same at such price sho
Il he deemed expedient and proper.
ARTICLE vi.
The Board of Directors OF TINS {
q noration shall consist Of not less u
10 five nor more than eleven stockht
n ers They shall be elected at the
stockholders meeting and annu'
r thereafter, and shall hold ofhce
% such until their successors are cleo
and qualified. Immediately after q
qualification, the Directors shall e
from their number a President
Vice-President, and Secretary
treasurer; provided that, at the
tion Of the Directorate, the latter
Offices may be combined in one per
As the governing body OF this cor
alton. the Board of Directors may
point such agents and employ
with such powers and duties as ma
prescribed by law and this chal
Thew shall also have the power u
any vacancies in their NUMBER lumber: az
q, snecial or regular meeting.
lmt.aDn nnd Mnav" vote.