The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-04-20
CHARTER
of the
MUTUAL WAREHOUSE COMPANY.
INC.

De IL KNOWN CnaC on CnlS ZZnd DAY
of March, A. D. 1917, before me, the
undersigned notary public, duly COM
m'ssioned 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 Cen
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 &C
icepting the following articles as their
lrter or act of incorporation.
ARTICLE |.
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
as its business may require, and to
nix their compensations; to adopt
such bylaws as may be consistent
with law and the provisions of this
after; and to carry on its opera
lions hereunder in the State of Louis.
lana and elsewhere in the United
States of America. The powers con,
ferred upon this corporation shall bt
vested in and exercised by anC
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 a private warehous
or warehouses in the Town of Welsh
Louisiana, or elsewhere for the stor
age of rice and other grains, provis
ions, foodstuffs, fertilizer, machinery
vehicles, and in fine. merchandise, an
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 agenL
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 receiv
money as toll for milling: to accep
crop liens or pledges, and chattel an
real estate mortgages, and pronls
sorry notes as security for debt or ad
vances; and likewise to carry o
planting and farming operations. /
carrying out the purpose of the col
poration. as above indicated, it /
empowered to acquire, cucumber, cor
troll and ALLEVIATE all species Of re:
and personal property necessary
incident thereto.
ARTICLE III.
The capital stock of this corporatio
is fixed at twenty-five thousand ($25
OOO.OO) dollars, divided into and rel
resented by five hundred shares
the par value of fifty ($50.O0) dollar
each; provided that said capital stoc
may from time to time be increase
not to exceed the sum Of fifty thou
and (s5O,0OO.OO) dollars. All Of IL
stock of this corporation is connie
stock, there being none preferred.
II ARTICLE w.
The domicile of this corporation
| fixed at Welsh Jefferson Davis Pa
+ ish. Louisiana, where all meetings
/ the stockholders and Directors shf
/ be held; provided that with the Wi
] ten consent of all Directors, filed WI
= the Secretary, meetings Of that bot
may be held at any place in or WIT
! out the State of Louisiana.
| ARTICLE V.
| No stock or stock certificates. re
resenting any part of the capital
/ this corporation, shall be sold or trar
ferred by the holder thereof until t
same shall have been offered to t
corporation at a price not IN exec
of that which may have been Offer
to said holder by other parties; t
Board of Directors reserving the rig
to acquire same at such price sho'
it he deemed expedient and proper.
ARTICLE VI.
The Board of Directors OF this G
poration shall consist of not less tn
five nor more than eleven stockho
ers. They shall be elected at the Fl
stockholders meeting and annua
l thereafter, and shall hold office
such until their successors are cleo
and qualified. Immediately after tn
qualification, the Directors shall Ell
from their number President
Vice President, and Secretary
Treasurer; provided that, at the
tion of the Directorate, the latter
offices may be combined in one perS
AS the governing body Of this corr
alton. the Board Of Directors may
point such agents and employ
with such powers and duties as ma.
prescribed by law and this char
Thew shall also have the power to
any vacancies in their number at
l., snecial or regular meeting, b.
ttvea" and "nay" vote.
ARTICLE VII.
= The first stockholders meeting
this corporation shall be held on
IS first Tuesday in April. 1913, and
al nually thereafter. Notice. OF
nd meeting to be published ten {
n A. dotn hYpd therefor