The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-13
CHARTERS.

ions, lands, warehouses, and the appurte-
nanees 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,
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, coloniZe, develop and i'm
prove lands; to raise, market and deal in
live stock; to hold, acquire, lease and OPP
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-
les, boarding houses, hotels, warehouses
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-
aafi IN hn mr.
ia 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 capl-
tai stock, or any part thereof, for property
which it is authorized to acquire. or 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 or
shall be necessary, or convenient or prop
er 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 (S500OO0.OOl
Dollars, divided into Five Thousand 10000
shares of the par value of One Hundred
(S100O0 Dollars per share. The amount
of stock may be increased to Five Mil
lion $4,000, 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 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.
nf
corporation shall be vested in and exer-
cised by a Board composed of three 81
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 a 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.
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 yacan-
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 in
office until their successors are elected
and qualify. The Board shall elect from
their number a president, a vicepresident
and a secretary treasurer. provided, that
the Board may dispense with any of said
officers and-Or may combine any or
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 shall
fix the salaries of all officers, agents
md ann
Board of Directors, any director absent
from the meeting may be represented by
any other director, who may cast the
vote of the absent director according to
the written instructions, either general or
special, of said absent directo0 The
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 and
affairs of the corporation and not incon-
sistent with this charter, and they shall
have the power to authorize the borrow
and the execution of mortgages and
pledges, and generally to do all things
or convenient for the proper
carrying on of the business of the corpora
ton.
Until the general meeting of stock
held on the first Wednesday of FEBRUARY,
1920, or until their duly qualified success
sors are elected and installed, the Board
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 be
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 capital
stock present or represented at general
meeting of the stockholders convened for
such purpose, after previous, notice shall
have been given in the manner above
required to be given of the annual meet
ing of the corporation.
ARTICLE Wifi this corporation
shall be dissolved, either by limitation or