The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-04-27
CHARTER
of the
MUTUAL WAREHOUSE COMPANY
INC.

Parish o. 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 o 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-
cepting the FOLLOWING articles as their
.-.rter or act of incorporation.
ARTICLE |.
! The name of this corporation shall
I be MUTUAL WAREHOUS COM
: PANY, INC.," and by such name it
shall enjoy succession for a period of
ninety-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
arter; and to carry on it's 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 be
vested in and exercised by and
through its 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 warehouse
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, and
any and al commodities made use of
by farmers. merchants or planters; to
charge and receive storage therefor;
to issue private and non-negOtiable
warehouse receipts; to act as agents
for insurance companies; to own. op-
crate and otherwise control mills of
every character including rice and
feed mills, and to dispose of the prod
uct thereof, or to charge and receive
money as a toll for milling; to accept
crop liens or pledges, and chattel and
real estate mortgages, and promlS-
sorry notes as security for debt or ad-
lvances; and likewise to carry on
planting and farming operations. In
carrying cut the purpose OF the cor
poration. as above indicated, it is
empowered to acquire, cucumber, con-
troll and ALLEVIATE all species of real
land personal property necessary OF
incident thereto.
ARTICLE III.
The capital stock of this corporation
lis fixed at twenty-five thousand $685.
IOOO.OO) dollars, divided into and rep
resented by five hundred shares Of
1.-The par value of fifty ($50.00) dollar:
leach; provided that said capital STOCK
may from time to time be increased
mot to exceed the sum of fifty thous
land (S5O,OO0.O0) dollars. All Of thu
stock of this corporation is common
stock, there being none preferred.
ARTICLE ".
The domicile of this corporation Il
fixed at Welsh Jefferson Davis Par
. Iish. Louisiana, where all meetings o
, the stockholders and Directors shall
be held; provided that with the writ
ten consent of all Directors, filed will
the Secretary, meetings of that bod!
NAV be held at any place in or with
out the State of Louisiana.
ARTICLE V.
No stock or stock certificates, rep
Presenting any part of the capital o
this corporation, shall be sold or trans
sferred by the holder thereof until tn
\ same shall have been offered to tn
corporation at a price not n exces
of that which may have been offere
TO said holder by other parties; tn
Board of Directors reserving the RICH
to ACQUIRE same at such price Shout
, il be deemed exuedient and proper.
ARTICLE vi.
The Board of Directors Of this cor
J poration shall consist of not less tina
five nor more than eleven stockhold
ers They shall be elected at the frs
stockholders meeting and annual
thereafter, and shall hold office q
, isuch until their successors are electe
and qualified. Immediately after tnel
qualification, the Directors shall cleo
! from their number President,
|, Vice-President, and a Secretary an
Treasurer; provided that, at the OK
} tion of the Directorate, the latter tw
! Offices may be combined in one person
AS the governing body of this corpo1
alton. the Board of Directors may al
} point such agents and employee
I with such powers and duties as may
, prescribed by law and this charte
} They shall also have the power TO n
} any vacancies in their number at an
Special or regular meeting, by
J "yea" and may" vote.
ARTICLE VII.
The first stockholders meeting =,
this corporation shall be held on u
first Tuesday in April, 1913, and al
Enually thereafter. Notice OF SUE