The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-04-06
CHARTER
of the
MUTUAL WAREHOUSE COMPANY.
INC.

FarlSh OF Jefferson Davis.
Be it known that on this 22nd day
of March, A. D, 1917, before me, the
undersigned notary public, duly COM
mlssiOned 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-
clated with them, and their success
Sors. into body corporate. hereby ac-
ceptlng the fo'lnwinO articles as their
, rter 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
nlnety-nine years; shall have power
10 sue and be sued and to defend: to
make use and alter common seal:
to appoint such officers and agents
as Its business may require, and to
INK their compensationS; to adopt
such bylaws as may be consistent
with law ar1 the provisions of this
'rter; and to carry on its opera
TONS hereunder in the State of Louis
iona and elsewhere in the United
States of America. The powers con-
terred upon this corporation shall be
vested in and exercised by and
through its Board of Directors. SUBJ
iect to such restrictions as. may here
matter be indicated.
ARTICLE II.
| The objects and purposes for which
this corporation is formed are de-
cIared 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-
age of rice and other grains, provis-
ions, foodstuffS, fertilizer, machinery,
vehicles. and in fine. merchandise. ana
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 agen.s
for insurance companies; to own. OPP
crate and otherwise control mills of
every character, including rice and
feed mills. and to dispose of the prod
IUct thereof, or to charge and receive
money as a toll for milling: to accept
crop liens or pledges, and chattel and
real estate moi tgages. and promlS-
sorry notes as security for debt or ad-
vances; 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
and personal property necessary or
incident thereto.
ARTICLE III.
The capital stock of this corporation
! is fixed at twenty-five thousand $685.
000.00) dollars, divided into and rep
resented by five hundred shares Of
the par value of fifty ($50.00) dollars
each; provided that said capital stock
may from time to time be increased
not to exceed the sum of fifty thous-
and $3.50, 000.00) dollars. All Of the
stock of this corporation is common
stock, there being none preferred.
ARTICLE ~.
The domicile of this corporation is
fixed at Welsh Jefferson Davis Par
fish, Louisiana, where all meetings of
the stockholders and Directors shall
be held; provided that with the writ
ten consent of all Directors, filed with
the Secretary, meetings of that body
may be held at any place in or with
out the State of Louisiana.
ARTICLE V.
No stock or stock certificates. rep
resenting any part of the capital of
this corporation, shall be sold or trans
ferred by the holder thereof until the
same shall have been offered to the
corporation at a price not 81 excess
of that which may have been offered
to said holder by other parties; the
Board Of Directors reserving the right
to acquire same Iat such price should
lie be deemed exDedient and proper.
ARTICLE vi.
The Board of Directors of this cor.
tporation shall consist of not less thar
live nor more than eleven stockhold-
Iers. They shall be elected at the first
stockholders meeting and annually
thereafter, and shall hold office as
such until their successors are elected
and qualified. Immediately after tfleil
qualification, the Directors shall elect
from their number a President,
Vice-President, and a Secretary and
Treasurer; provided that, at the op
Ition of the Directorate. the latter two
Offices may be combined in one person
AS the governing body of this corpor
alton, the Board of Directors may ap
point such agents and employees
with such powers and duties as may b.
prescribed by law and this charter
They shall also have the power to nj
any vacancies in their number at an!
special or regular meeting, by I
"yea" and may" vote.
ARTICLE VII.
The first stockholders meeting o
this corporation shall be held on tn
first Tuesday in April. 1913, and an
nually thereafter. Notice Of sucl