The herald., 1920-07-01
CHARTER.

property, real, personal and mixed cor
pOreal and incOrporcal; to name and ap-
point such managers. directors. Officers.
agents amt other employees rs its interest
and convenience may require and 10 make
and establish. as well As alter and amend,
from time. to time. such bylaws rules
and regulations as may be necessary and
eNp"diont for the proper management and
government Of the affairs of said corpora
ton.
ARTICLE II. The domirilc Of this o.
poratiuu is hereby fixed in the cit, Of
New Orleans state of Louisiana. u sd ull
citation or other legal process shall hv
served upon tn" President of said cor
poration. or, III his absence, upon as SET.
Rotary.
ARTICLE IH..The objects and pur-
poses of this corporation aud the UH'ur"
of the business to be carried on by it
are hereby declared to be. To carry ON
general advertising and publishing
business in all its branches. both as pria-
CipalS and agents. principally in tL, adj
in ric" and its by-productS. on rommi~.
sion and otherwise, ana ~ Do general
rice milling business Ia all its branches.
and for said purpose To own. lease and
uprrat" mills. Warehouses. factories aud
works, with the right and power To do
any and all things necessary or con.
nccted with or in any manner incidental
or complementary 10 the objects and rur-
poses herein set forth.
ARTICLE Iv.-Thc capital STOCK oc
this corporation i h"rr-y fixed ur th,
sum Of Five Thousand tS5UouUut Dollars,
10 he divided into and represented 10y
Fifty con shares. in U.r sum OF one
Hundred l$lOOOOD Dollars each: said stock
shall be paid for when, aud in such in
stallmontS as directed by the Board of
Directors. The capital stock of this cor
poration may be Increased 70 the sum ni
Twenty Five Thousand DoiiarS
ARTICLE N.-All the corporate powers
Of this corporation shall be exercised by
4 Board of Directors consisting Of all
of the stockholders. two thirds Of whom
action Of business. The Directors may
vote in person or by proxy. The Board
Of directors shall. at its first MEETING
elect from among its members "a Prp~i-
dent. Vice President. a Secretary and a
Treasurer. who shall hold Office until
their successors are duly elected and quail
fled, and in case of vacancy in any of
III" said positions the same shall bc fill
Ell by election by the Board of Directors.
The annual meeting for the election of Of
ficcrS shall be held on the Second Tues
day in May, Of each year. unless said
day b" legal holiday. and then on the
next bank day thereafter.
Each subscriber hcrero sets after his
name his post office address and a state
ment of the number or shares of stock
which h" agrees to take Ia the corpora
ton. Al all elections. every stakeholder
shall he entitled To one vote for each
share of stock standing in his name on
the books of the corporation. to be- cast
In person or by written proxy. \ ma
| GRITTY of the votes cast saail elect
No stakeholder can ever sell stock of
this corporation without first offering the
same i'll writing to the other stockholders
through the Board of Directors at par
value. and in the event or the death OF a
stOckhOlder or Of the bankruptcy of a
stOckhOlder, or in the event of the di>So-
luton OF, or the appointment of re
celVer TO, corporation owning stock in
this corporation, or in the event of the
dissolution OF a partnership owning stock
IN this corporation, the right is hereby
reserved, to the remaining stockholders
TO purchase said stock At its par value.
ARTICLE Win the event of the Ii
quotation or dissolution Of this corpora
zion, the stockholders shall elect three
llquIdatorS from among their number at
a meeting convened for that purpose.
after fifteen TO days written notice sent
10 each stakeholder by mail to his last
known address; said liquidatorS shall
have the authority TO wind up the bust
hess ana affairs of this corporation. In
ease of the death of liquidator the sur
NlN0rS shall appoint stakeholder as
successor TO him.
ARTICLE VII.-This cnarter may be
| modified, changed or altered or said cor
| Ioratlon may be dissolved, with the as
sent of stockholders owning two thirds of
the entire capital stock. at a general meet
inS of the stockholders convened for that
purpose, after fifteen (I5) days written
notice shall nave been given to each stock
holder, mailed TO him at his last known
address.
ARTICLE VIII.-NO subscriber for
stock shall ever he held liable for the
contracts. faults or debts of said cor
| porlilon in any further sum than the I'M
paid balance, If any, due the corporation
on the stock for which he has subscribed
nor Shall any stakeholder ever be held
llaOle Tor such contracts faults or debts
In any further sum than the unpaid bal
ance. II any. on the stock owned by him
nor shall any mere infOrmality in orga.
| nization have the effect of rendering any
subscriber or stakeholder liable beyond
on his stock.
| ARTICLE lN.-ThiS corporation is or
gained under the laws of the State of
louisiana, and especially Act No 267 of
l"li. and the subscribers hereto. for
themselves ana said corporation and for
MS OFFICERS. directors and stockholders
hereby accept, as part of this charter and
as conditions of this corporation. all the
rights, powers, privileges and immuni-
Ties granted to corporations and granted
10 ana conferred upon officers, directors
and stockholders of corporotions nv SoiJ
laws and said act; such acceptance bain,,
as tuII complete and binding as if said
rights, powers, privileges and immuni-
instrument III '"iS
Ihus done and passed in my Notarial
ottlce In the City of New Orleans afora
said. in the presence of George VI ;Tarri
perry. and Thomas Joseph Dobbins. com
petent witnesses of law-l: age and resid
ing in this City. who hereunto subscribe