The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-30
CHARTER
CHARTER OF NATIONAL RICE CON-
PASY, ISC.

fAN1' NV
United states Of America. stat" Of Lon
islam. Parish Of Orleans. city or New
Orleans Re 10 known, That ON tins l"ih
day Of the month Of September. in the
year Of our Lord. one thousand min" nun
bred and twenty. and of the Independence
OF the United States of America ih" one
hundred and forty fifth. h"for" me. Her
man l.. Barnett a Notary Public, duly
commissioned and qualified, in and for the
Parish OF Orleans, stat" al l.pNl~tHhH
therein residing, and IN the pTr>"nr" oi
the witnesses hereinafter named ana IN
drrsignpd. personally came and appeared,
the several persons whose names ar" here.
unto subscribed. all Of tn" iull az" OF
majority, who severally declared 10 me
Notary. that ayutliuE themselves OF the
laws OF the State Of Louisiana, in such
eases made and provided. and more par
tiCuIarly of Act 2GI of tn" General Assem-
bly, of the State Of Louisiana of 1914, r..
lating to the creation, organization ana
formation OF corporations, they have Gov
rnauted and agreed. and by these presents
to covenant and agree and bind themselves,
as well as all such other persons AS may
hereafter become associated with them. 10
form a corporation for tn" objects ana
purposes and under the articles and slip
ulations following. to-wit:
ARTICLE 1.-The name and title Of the
Corporation shall be National Rice Com
pany. Inc. And under its corporal" name,
and TO enjoy corporate eNistenc" for q
period of nincty-nine years from date
hereof, unless sooner dissolved by lqulda-
ton or otherwise, il shall have power TO
contract to sue and to be sued, To make
and use corporate seal and to alter and
break same at pleasure; To hold. receive,
lease purchase. transfer. assign, convey.
mortgage hypOthccat", pledge. or other
wise receive or dispose of property, real.
Personal and mixed. corporal and incor-
pOreal; to issue bonds and If desired to
secure the same by mortgage; TO buy and
hold stock in other companies. incident
to the objects and purposes or to the cN
pansion of the business interests Of the
corporation; to name, elect and appoint
such managers, agents. directors or Off
GERS as its business interests may require,
and to make and establish, alter and
amend its bylaws. rules and regulations
for its proper government, as may b"
deemed necessary aud proper, and gener-
ally to do any and all things incident to
or necessary and proper for the extension
of the business in which the corporation
Is engaged.
ARTICLE II.-ThiS Corporation shall be
domiciled in the City of New Orleans. in
the State Of Louisiana, and all citation
or other legal process shall be served upon
the President Of the Corporation and. in
the event of his absence, upon the Vice
President
ARTICLE III.-The objects and pur-
poses fer which this Corporation is organ
lZtO ana created. ana lnt MIXTURE OF inc
business to be carried on by it, are de
clared to be as follows: To buy. sell, cX-
port, import, handle prepare. store,
transport traffic in, and in every way
deal in and with rice. sugars, coffee and
any other cereals, grains and cOmcstibles.
and any and all the by-prOducts thereof.
of every class and description. either as
principal, factor. agent. broker or other
wise; to carry on the general business of
commission merchants, factors. brokers
and selling agents, with regard to the
above named commodities and products or
any other commodities. products. food
stuffs. goods and merchandise. of all kinds
and descriptions. To acquire and dispose
Of, in any manner whatsoever, lands,
buildings, factories and machinery, or any
interest therein. for the growing, prOduc-
ing and manufacturing of rice, sugars,
Coffees and any other cereals, grains and
cOmestibles and their by-prOductS, and to
grow, cultivate. produce, market and man
ufaCture any and all the above named
commodities. products and their by-prO-
ducts. To carry on a general mercantile
and merchandise business. aud TO purchase
sell, deal in, and in any way handle mcr-
.chandise. goods, supplies and commodities
of any nature and kind whatsoever. TO
engage in foreign as well aS domestic
commerce, and, in fact, to carry on any
of the business aforesaid, either as prin-
C1palS, agents, factors, brokers. manufaC-
turers, growers, producers, in the Cnted
States OF America and its dependencies
and territories, or i'll foreign countries
l.
nesses rs may be found necessary or con
Nentent for properly effectuatiug the aforc-
said purposes of enhancing the Yaue of
the properties, rights and privileges of the
Corporation.
ARTICLE IV-The capitaI stock Of this
Corporation Is hereby fixed at the sum
of twenty-five thousand (S2j OOOO0) dol
larS, represented by two hundred fifty
t2o) shares Of the par value of $4,000
each. Said stock shall be paid for I'm
m RuIiVqlspt 4. a -.
aud in such manner and nj such times
and in such installmcntS rs may be pre-
Scribed by the Board of Directors. This
Corporation shall become a .yri,t., .nr
Germ and shall be- authorized 10 commence
business when Sl25OOOO Of its r3I,,tul
stock shall have been subscribed for os
provided by law, and when $3.50 90 Of its
capital stock shall in fact have been Maid
for. either In cash or its equivalent
ARTICLE v.-Thc capital stock Of this
Corporation may be- increased TO tbn Sum
OF two hundred thousand dollars 5000
kNOOO) ny two-thirdS vote Of ali the
pck present or represented at a special
feting called for that purpose. or at a
gular annual meeting of the Corpora.
DriOn.
ARTICLE yI.-AH certificates of stock
issued by the Company shall be signed nv
the President or Vice President and coun-
tersigned by the Secretary Treasurer The
stock of this Corporation can be trans
ZION and subject to such regulations and
iormalitics as may be by the Board OF
directors from time to time prescribed
NO StockhOlder shall be permitted to sell
or otherwise dispose of his stock without
iirSt offertnC the same. in writing TO the
other stockholders. through the Board of
directors. AT price not exceeding the
book value thereof. and the stockholders
shali nave an option and first right TO
purchase all the shares of stock TO bp thus
disposed OF by sale or by the death. res
1gnatiOn or otherwise. of any of the stock
holders or the Corporation. and shall have
period OF ten days in which TO accent
or decline such offer OF stock Should rho
BOARD OF Directors or the Stockholders
decline to purchase said stock then tho
stakeholder or stockholders who made
the offer to sell or otherwise dispoSe Of
the stock may sell or otherwise dispoS.
of 1t, in any manner and at any prize
that he or they may see fit But each
share OF stock is issued under the Condi-
ton and understanding that no stock
holder shall make a sale or transfer of
his stock in violation of this provision
and such sale or transfer. IL made shall
be void. and this Company shall be under
no obligation TO list said stock on its
books or to regard the holder of the Ger
tificate thereof.
ARTICLE VII.-The corporate powers |
Of this Corporation shall be vested in and |
exercised by a Board of Directors com |