The herald., 1920-10-14
CHARTER.
CHARTER or NATIONAL RICE COM
PANY, INC.


United States Of America. stat" Of Lou.
isiauo Parish Of Orleans, 'ltS OF ~
Orleans BE II known, Ihat on thls - ~
Az of the month OF September. III th'
yrar of our Lord, on" thousand nine nun
bred and twenty. aud OF the lnd'p'hn'n.,
Of the United States Of America 'h' pI'
hundred and forty nith. b'loTr ne III
man l. Barnett. Notary fuhllc: uuLS
commissioned and qualified, IN ana LOT Ll'
Parish of Orleans. stat" 81 l."ul7l"H'c
therein residing. and In the Itts'h,' Vi
the witnesses hereinafter named ana uI
derSigncd. personally came anu aPP'SirH'
tho several persons whose names are mere
INTO subscribed. all OF the luii asc VI
majority, who Severally declared 10 M,
Soiary that ayailinE themselves oi I"r
iaws Of the State of Louisiana. IN su'h
eases made and provided, ana more par
tirularIv of Act 2Ot of the HenrraI Ass'ul-
bly of the State of Louisiana OF t'lf
Iaiipp TO the creation, organization anu
formgtion of corporations. they nav" GOV
enanted and agreed and by these preSthc>
to royf.Dant and agree and bind themselves
as well az all such other persons as ma!
hereafter become associated win ththI' 20
form a corporation for the objects ana
nurposes and under the articles ana sup
ulatiOnS following. to-Wlt:
ARTICLE The name and title OF the
Corporation shall be Natlohal hl.t IN
many Inc And under its corporate name
il shall have power and authority 10 nave
and to enjoy corporate existence LOT
period of ninety-nine years from u1I'
hereof unless sooner dissolved by hqulda-
tion or otherwise: il shall have power 10
contract to sue and to be sued. 10 MAKE
and use corporate seal ana TO amer anu
break same at pleasure; 10 hOIu' reCtlNe'
lease purchase. transfer. assign convey
mortgage. hypothecatr, pledge, or other
wise receive or dispose OF property, rear
personal and mixed, cOTpOreal ana lhCoI
poreal; to issue bonds ana II dtSlrtd "
Al. hx.f Artt
hold stock in other companies, incident
TO the objects and purposes or 10 the TX
pansion of the business interests OF th'
corporation; to name, elect ana appoHiin
such managers. agents, directors or ON
GERS as its business interests may require
and to make and establish, after anC
amend its bylaws, rules and regulations
for it's proper government. as may %
deemed necessary and proper, and gener
alIy to do any and all things incident tC
or necessary and proper for the extension
of the business in which the corporation
Is engaged.
ARTICLE U-This Corporation shall b.
domiciled in the City of New Orleans, il
the State of Louisiana. and all citation
or other legal process shall be served upol
the President OF the Corporation ana II
the event OF his absence, upon the VIZ
President.
ARTICLE II.-The objects and pur
noses for which this Corporation is organ
lied and created, and the nature or IN
business to be carried on by 1t, are De
clared to be as follows To buy. sell, eN
port, import, handle. prepare, store
transport, traffic in, and in every wa!
deal in and with rice. sugars, coffee ant
any other cereals grains anu Colh'st ILs
and any and all the by-prOductS thereon
of every class and description, either a
principal, factor. agent. broker or other
wise; to carry on the general business o
commission merchants, factors, brOker
and selling agents, with regard TO tn
above named commodities and products o
any other commodities, products 1000
stuffs, goods and merchandise, of all KIND
and descriptions. To acquire and dispos
of in any manner whatsoever, lands
buildings. factories and machinery, or an
interest therein, for the growing, produC
ing and manufacturing Of rice. sugar
coffees and any other cereals, grains an
comestibles and their by-prOducts, and I
grow, cultivate, produce, market and mar
ufacture any and all the above name
commodities, products and their by-pr'
ducts To carry on a general mercantil
and merchandise business, and TO purChas
sell, deal in, and in any way handle me
chandlse, goods, supplies and commoditit
of any nature and kind whatsoever.
engage in foreign as well as domest
commerce, and, in fact, to carry on an
of the business aforesaid, either as prii
cipals agents, factors brokers, manufa
turers, growers, producers, in the Unite
States of America and its Dependence
and territories, or i'll foreign Countrie
To conduct and carry on such other bus
venient for properly effectuatinz the afor
said purposes of enhancing the value
the properties, rights and privileges of u
Corporation.
ARTICLE IV.-The capital stock OF tn
Corporation is hereby fixed at the SUI
Of twenty five thousand s25,OOO.O0) do
lars, represented by two hundred fit
t250) shares Of the par value of SlOOt
each. Said stock shall be paid for
cash or its equivalent, as provided by Law
and in such instalments as may be pr,
scribed by the Board Of Directors. Tn
Corporation shall become going cor
Germ and shall be authorized to comInen,
business when $l2sO0OO Of it's ,arit:
stock shall have been subscribed for,
provided by law, and when s6,.=50 90 Of Il
capital stock shall in fact have been pai
for. either in cash or its equivalent
ARTICLE v.-The capital stock OF tn
Corporation may be increased to the su
of two hundred thousand dollars Cs2OC
WOoO) by a two-thirds vote of all Il
n. stock present or represented at n Speci
~ meeting called for that purpose or at
regular annual meeting of the Corpor
ton.
ARTICLE VI-An certificates of sto,
issued by the Company shall be signed
the President or Vice President and cou
tersigned by the Secretary Treasurer. It
stock of this Corporation can be tran
ferred only on the books of the Corpor
ton and subject TO such regulations al
formalities as may be by the Board
Directors from time to time prescribe
No stakeholder shall be permitted to s.
or otherwise dispose of his stock witho
first offering the same, in writing, to {
ether stockholders, through the Board
directors. at a price not exceeding {
book value thereof. and the stockholdt
shall have an option and first right
purchase all the shares of stock to be tn
disposed Of by sale or by the death, RI
ignation or otherwise. OF any of the stOc
hOl1prS hA ('OrnOrNtinu Shan ha
or decline such offer of stock. Should {
period OF ten days in which to acce
Board of Directors or the Stockholde
decline to purchase said stock then I
stakeholder or stockholders who ma
the offer to sell or otherwise dispose
the stock may sell or otherwise dispo
OF Ii, in any manner and at any pr
that he or they may see fit But ca
share OF stock is issued under the CONF
ton and understanding that no stOC
holder shall make a sale or transfer
his stock in violation OF this proyisio
and such sale or transfer, If made sh
be void. and this Company shall be und
no obligation to list said stock on
books or TO regard the holder of the c.
tificate thereof
ARTICLE yII-The corporate powt
of this Corporation shall be vested in a
exercised by a Board Of Directors col
posed of not less than three and not mo
than five stockholders, two of whom sh
constitute quorum, IL there are thr
directors. and three Of whom shall co
stitute Quoruw. IL there are four or Fl