The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1917-05-04
CHARTER
of the
MUTUAL WAREHOUSE COMPANY,
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 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 a body corporate, hereby ac-
cepting the following articles as their
..rter or act Of incorporation.
ARllCLE |.
The name of this corporation shall
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: t.
make use and alter a common seal;
to appoint such officers and agents
as its business may require, and tc
fix their cOmpenSationS; to adopt
such bylaws as may be consistent
, with law and the provisions of thi,
1rter; and to carry on its ore'a
, tions hereunder in the State of Louis
: lana and elsewhere in the United
: States of America. The powers con
ferred 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 indicated.
ARTICLE II.
!. The objects and purposes for whiC
: this corporation is formed are de
t clared to be any one or all of the fOI
n lowing, tO-wit:
o To establish, own, maintain. cor
4 troll and operate a private warehou5
: or warehouses in the Town of Welsl
n Louisiana, or elsewhere for the stol
= age of rice and other grains, provi'
Il ions, foodstuffs, fertilizer, machiner,
~ vehicles, and in fine. merchandise, an
Il any and al commodities made use
n by farmers, merchants or planters;
% charge and receive storage thereto
" to issue private and non-negotiab
ID warehouse receipts; to act as agcn
for insurance companies; to own, o
70 crate and otherwise control mills
~ every character, including rice al
If feed mills. and to dispose Of the pro
g Iuct thereof, or to charge and recei
\ money as a toll for milling; to acce
crop liens or pledges, and chattel a
4 real estate mortgages, and prom
- sorv notes as security for debt or a
~ vances; and likewise to carry
nf planting and farming operations.
" carving cut the purpose of the c'
poration, as above indicated, it
empowered to acquire, cucumber, cc
- troll and ALLEVIATE all species Of r.
- and personal property necessary
= incident thereto.
9 ARTICLE III.
d The capital stock of this corporal,
u is fixed at twenty-five thousand ($z
z OOO.OO) dollars, divided into and r.
4 resented by five hundred shares
h the par value of fifty ($50.OO) doll
z each: provided that said capital ST
q NAV from time to time be increa
d not to exceed the sum Of fifty tho
Z and (S5O,OO0.OO) dollars. All of
z stock of this corporation is comm
stock. there being none preferred.
a ARTICLE ".
= The domicile of this corporation
fixed at Welsh Jefferson Davis T
= jsh. Louisiana, where all meetings
the stockholders and Directors s.
z be held; provided that with the "
ten consent of all Directors, filed Y
the Secretary, meetings of that b
NAV be held at any place in or W
ont the State of Louisiana.
a ARTICLE V.
Z No stock or stock certificates,
resenting any part Of the capita
y this corporation, shall be sold or tr
\ ferred by the holder thereof until
same shall have been offered to
corporation at price not IN ex
D of that which may have been OH
a TO said holder by other parties;
~ Board of Directors reserving the I
. to acquire same at such price sh
~ it be deemed expedient and prope
. ARTICLE vi.
G The Board of Directors of this
4 noration shall consist of not less
x Ave nor more than eleven stock
y ers. They shall be elected at the
e stockholders meeting and ann
x thereafter, and shall hold otflc
Y such until their successors are ell
g and qualified. Immediately after
n qualification, the Directors shall
x from their number Preslde1
81 Vice President, and Secretary
e treasurer; provided that, at TN
X lt;on Of the Directorate, the latter
X Offices may be combined in one pe
81 AS the governing body Of this co
e alton, the Board OF DIRECTORS mo
X point such agents and emplt
Y With such powers and duties as m
g prescribed by law and this en-
q they shall also have the power -.
X anv vacancies in their number a
g sneeial or regular meeting
- lWF,oov ond "nav" vote.