The herald., 1920-06-24
CHARTER.

property, real, personal and mixed. cor
! poreal and incorpOreIl; 20 nam" and ap-
/ point Such managers. directors. Officers.
agents and other employees rs its interest
ana convenience may require and 10 MA k,.
and establish. a. well as alter and amend
from time. TO time. such by laws. rules
aud regulations as may he necessary and
eNp"dltHt for the proper management and
ton.
ARTICLE 1.-THE domiciIc Of this cor
poratiou is hereby fixed in the CIV Of
New Orleans. State of Louisiana. and an
CITATION or OtucT legal process shall by
served upon tn" President Of said cor
poraiIon, or, III his absence, upon It's Soc
rctary.
ARTICLE III-The object, and rur-
poses Of this corporation and the narur.
Of tn" business To be carried On by Il
are hereby declared to be: 70 AIRY on
a general advertising ana uunH~hin.
business in all its branches. both as priu-
cipalS and agents, principally Iu the ad-
N"rNSlnG Of rice. TO buy. sell and ,!-HI
in rice and it, by-products, on commits.
sion and otherwise. and ~ do q genoa!
rice milling business Ia All it, branches
and for said purpose To- own. lease and
operate mills, warehouses FACTORIES and
works; with the right and power 10 do
any ami all things necessary or con
n"Ctcd with or ia any manner incidental
or Complementary to the objects and pur-
poses herein set forth.
ARTICLE IN.-Thc capital stock of
this CORPORATION is hrrc-y fixed ~ the
sum of Five Thousand tSIOOOuuD Dollars.
10 be divided into and represented by
FIFTY 600 Shares, in rae sum of one
Hundred $4,000 Dollars each: said stock
shall Ice paid for when. aud in such in
stallments as directed by the Board of
Directors. The capital stock of this cor
poration may be increased 10 the sum Of
Twenty Five Thousand Doifars
ARTICLE V.-AlI the corporal" powers
OF this corporation shall he exercised by
a Board of Directors consisting of all
of the stockholders, two thirds of whom
shall constitute a quorum for III" trans
action of business The Directors NAV
vote in person or by proxy. The Board
OF directors shall at its first meeting
elect from among its members Il prr,i-
dent. a Vice President Il Secretary and q
Treasurer, who shall hold office until
their successors are duly elected and quaIi
fled. ana III case Of vacancy in any of
the said positions, the same shall be fill
ed by election by the Board of Directors
Tn" annual meeting for the election of of
ficerS shall be held on the Second Tues
day in May, of each year. unless said
day be 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 he agrees to take in the Corpora-
ton. At all elections, every stakeholder
shall be entitled to one vote for each
share of stock standing in his name on
the books of the corporation, to be- east
in person or by written proxy a ma
Orlty of the votes east snail elect
No stakeholder can ever sell stock of
thlS corporation without first offering the
same in writing to the other Stockholders
through the Board A Directors. at mar
value. and in the event OF the death of a
stockhOlder or of the bankruptcy of a
stOckhOlder, or in the event of the diSso-
luton of, or the appointment of a re-
celNer 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 IL |
quidatiOn or dissolution of this corpora- |
ZION. the stockholders shall elect three |
liquidatorS from among their number at |
. meeting convened for that PURPOSE |
after fifteen Q5) days written notice sent
70 each stakeholder by mail to his last |
known address: said liduidatOrs shall
have the authority to wind up the busi
ness and affairs of this corporation. In |
'aSe OF the death of a liquidator, the sur |
rlvorS SEall appoint a stakeholder as
successor 10 him.
ARTICLE EII-This cnarter NAV no
modified, changed or altered, or said cor
'ent of stockholders owning two thirds of
n" entire capital stock. at a general meet
hS OF the stockholders convened for that |
after fifteen Q5) days written
notice shall have been given to each stock
holder. mailed TO him at his last known |
address
ARTICLE NIII.-No subscriber for
STOCK shall ever be held liable for the
contracts. faultS or debts of said cor |
'orltion In any further sum than the un-
paid balance. il any dino tho cornorot;o,,
IN the stock for which he has subscribed
nor shall any stakeholder ever be held
labie Tor such contracts. faults or debts
u any further sum than the unpaid hal
lnce. II any, on the stock owned by him
nor shall any mere infOrmality in orga.
llZatlon have the effect of rendering any
subscriber or stakeholder liable beyond
ne unpaid amount, If any, remaining due
IN his stock.
ARTICLE IN.-This corporation is or
'anized under the laws of the State of
louisiana, and especially Act No. 267 of
9l4, and the subscribers hereto. for
themselves and said CORPORATION. and for |
Us OFFICERS. directors and stockholders |
Hereby accept, as part of this charter and II
IS conditions of this corporation, all the II
ights' powers, privileges and immuni- Il
les granted to corporations, and granted
0 and conferred upon officers, directors
nd stockholders of corporations by said
Avs ana said act; such acceptance being
3 full, complete and binding as IL said
lights, powers. privileges and immuni-
les were set forth at full length in this
instrument
Thus done and passed in nv Notarial
'ffice In the City of New Orleans afore-
ald, In the presence of George H. Terri
cry. and Thomas Joseph Dobbins, com
etent witnesses of law-Ii age and resid-
ne III this City, who hereunto subscribe III