The herald., 1919-10-30
CHARTER

| IONS lands. warehouses, and the appurtp-
nanceS thereof, and such other plants and
/ machinery as may be operated for the mill
/ ing, manufacturing and preparation for the
markets of cereals of all kinds. inClud-
/ 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
ana otherwise dispose of, water, water
rights, rights of way, power privileges
and appropriations for milling agricuI-
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 on
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, 10 construct, and operate commiSSar-
les, boarding houses, hotels, warehouses
ana 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
!
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
I in h1r-s III
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, to
exchange its 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
shall be necessary, or convenient or prop
er for the accomplishment of any of the
FOREGOING objects and purposes.
ARTICLE Iv.-The capital stock Of this
Five Hundred Thousand ($5OOOO0OO)
Dollars, divided into Five Thousand (50OO
shares of the par value of One Hundred
(SlOO.OO) Dollars per share. The amount
of stock may be increased to Five Mil
lion ($5OOOOOO.0O) 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 of
Directors hereinafter created is specially
authorized to issue and dispose of the
stock for any and all purposes as in its
judgment may seem fair anr proper.
ARTICLE V.-All the powers of this
corporation shall be vested in and exer-
cised by a Board composed of three (3)
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, Tor the next legal day if that
be holiday, after due notice given to the
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 in
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 be
created on the Board, even though no
quorum remain at the time such vacan-
cies are to be filled. Failure to elect
directors on the day above specified shall