The herald., 1919-11-20
CHARTERS.

ions, lands, warehouses, and the appurte-
nances thereof, and such other plants and
machinery as may be operated for the mill
ing, manufacturing and preparation for the
ing particularly rice, or rice products,
or rice by-products, or any other food pro-
ducts; to divert the courses of rivers,
creeks, bayous and other streams; to dam,
store and husband water, and to control
same for its purposes or for the sale or
use thereof; to purchase, acquire, hold,
lease, manage, control, operate, sell, lease,
and otherwise dispose of, water, water
rights, rights of way, power, privileges,
and appropriations for milling, agricul-
tural, domestic, manufacturing, and other
uses and purposes; to engage in all sorts
of agricultural operations; to drain, ir-
rigate, reclaim, COLOMBO, develop and i'm
prove lands: to raise, market and deal in
live stock; to hold, acquire, lease and op-
crate tramrOads, bridges, barges and other
watercrafts, canals, waterways, telephone
and telegraph lines, lighting plants, and
other means of transportation necessary
or convenient in prosecuting the business
of the company to erect buildings and
other structures, and to operate, lease
or otherwise handle them and deal there
in, to construct. and operate cOmmissar-
and general stores; to operate dairies to
make advances for the cultivation of
lands; to develop, produce, market and
deal in minerals: to buy, sell, store,
ship, forward, pledge, receive on con-
signment, make advances on and handle,
rice and other agricultural commodities
and products of all kinds; to obtain certi-
Gates as Public Warehouseman and car
ry on business as such; to deal in mer-
chandise of all kinds; to acquire the pro-
perty, business and good will of any IN
divuals firm or corporation engaged in
any of the business enumerated above
to issue bonds, mortgages and hypothe-
cations to the extent necessary or proper
in its business to acquire and hold, SELL
cucumber or dispose of, stocks and bonds
of other companies to the extent permit
ed by law: to exchange its entire capt.
tai stock, or any part thereof, for property
which it is authorized to acquire, or to
exchange it's entire assets and business,
or any part thereof, for property, stocks,
bonds or other obligations of other com
panies; to subscribe to the stock of other
companies and generally to do any and
all such acts and things as may be or
shall be necessary. or convenient or prop
err for the accomplishment of any of the
foregoing objects and purposes.
ARTICLE Iy.-The capital stock Of this
corporation is hereby fixed at the sum OF
Five Hundred Thousand (SJ00,OO0.OO)
Dollars, divided into Five Thousand (J0OOl
shares of the par value of One hundred
(S1OOOO) Dollars per share. The amount
of stock may be increased to Five Mil
lion (S5, zoo, 100000 Dollars. The whole
or any portion of said stock may be issued
and delivered to any person, firm or cor
poration for the acquisition of the rights
privileges or property owned or controll-
ed by such persons, firm or corporation
for the fair value thereof as appraised by
the Board of Directors; and the Board oil
Directors hereinafter created is specially
authorized to issue and dispose of the
stock for any and all purposes as in It's
judgment may seem fair anr proper.
| ARTICLE VAN the powers of this
corporation shall be vested in and eXer-
cised by a Board composed of three ~
| directors. Said Board of Directors shall
! be elected annually by ballot, at a stock
| holders meeting called for that purpose
| on the first Wednesday in February OF
each year, Cor the next legal day If thai
| be holiday, after due notice given to tht
stockholders by mail, at least fifteen days
before the date of said meeting. Each
holder of stock shall be entitled to one
vote for each share of stock standing IL
his name on the books of the company
said vote to be cast in person or by proxy
| and the majority of the votes cast shall
elect. The Board of Directors shall have
the power to fill all vacancies which may
| occur or in any manner arise or Dt
created on the Board, even though nc
quorum remain at the time such vacan.
| cies are to be filled. Failure to elect
directors on the day above specified shall
not dissolve the corporation, but the di
rectors then in office shall remain IL
office until their successors are elected
and qualify. The Board shall elect from
their number a president, a vice-presideni
and secretary treasurer, provided, thai
the Board may dispense with any of said
| officers and-or may combine any OF
them, and-or may elect such other OF
| ficers (who need not be members of the
Board or stockholders) as they think pro
per or convenient for the carrying on Of
| the company's business, and they sinai
| fix the salaries of all officers, agent:
| and employees. At any meetings or the
Board of Directors, any director absent
from the meeting may be represented bJ
any other director, who may cast the
vote of the absent director according u
the written instructions, either general OF
special, of said absent director. Th'
| Board Of Directors shall have authority
| to make and establish, as well as alter
and amend, all bylaws, rules and regu
lations necessary and proper for the sup
port and management of the business ano
affairs of the corporation and not incon
sistent with this charter, and they sinai
have the power to authorize the borrow
| ing of money and the issuance of notei
and the execution of mortgages ant
pledges and generally to do all things
necessary or convenient for the prope
carrying on of the business Of the corpora
| ton.
| Until the general meeting Of stock
holders for the election of directors to b.
held on the first Wednesday of FEBRUARY
l
sors are elected and installed, the Boart
of Directors shall be composed of:
| J. T. Brown, P. o. address Laurel. Mis-
sissippi, Mayrant Adams, P. o. address
Jackson, Mississippi, Frank A. Godchaux
P. o. address Abbeville, Louisiana.
OF the foregoing, j. T. Brown, shall b
| President. Frank A Godchaux, Vice
president and Mayrant Adams Secretary
Treasurer.
ARTICLE vI.-This act Of incorpora
ton may be changed, modified or amend
ed, or the corporation dissolved, by
vote Of two-thirds of the entire capita
stock present or represented at genera
lmeeing of the stockholders convened 10
such purpose after previous notice shal
Ihave been given in the manner abov
required to be given of the annual meet
ing of the corporation.
/ ARTICLE Wifi this corporatfo
shall be dissolved. either by limitation