The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
CHARTER.
CHARTER OF NATIONAL RICE COM
PANY, INC.

PAN1, I'M.
United States OF America, State OF Lou
isiana Parish of Orleans, City or New
Orleans Be 1t known, That on this l3th
day Of the month OF September; In tne
yesr of our Lord, one thousand nine hun
bred and twenty, and of the independence
of the United States of America the one
hundred and forty fifth, before me- Her
man L. Barnett, Notary Po D6 ;or aq tbs
Parish of Orleans, State of Louisiana
therein residing, and in the presence oi
the witnesses hereinafter named ana IN
dersigned, personally came and appeared
fine several persons whose names are here
unto subscribed, all of the fun age OF
majority, who severally declared 10 me
Notary. that availing themselves OF the
laws of the State of Louisiana, in such
cases made and provided, and more par
tic,Ilarly of Act 267 of the General Assem-
bly, of the State of Louisiana OF 1914, re,
lating to the creation, organization ana
formation of corporations, they nave COW
euanted 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. to
form a corporation for the objects ana
PURPOSES and under the articles and stip-
ulations following. t0-wit:
ARTICLE 1.-The name and title Of the
CORPORATION shall be National Rice Com
pany, Inc. And under its corporate name,
IL snail nave power " nave
and to enjoy corporate existence for a
period of ninety nine years from date
hereof unless sooner dissolved by hquida-
ton or otherwise; ii shall have power to
contract to sue and to be sued, to make
and use a corporate seal and to alter and
break same at pleasure; to hold, receive,
lease, purchase, transfer, assign, convey,
mortgage, hypothecate, pledge, or other
wise receive or dispose of property, real
personal and mixed, corporal and incor-
poreal; to issue bonds and II desired to
secure the same by mortgage; to buy and
hold stock in other companies, incident
to the objects and purposes or to the ex-
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 De
deemed necessary and 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 for which this Corporation is organ
lied and created, and the nature of the
business to be carried, on by it, are de-
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 comestibles,
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
comestibes 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, and to purchase
sell, deal in, and in any way handle mer-
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-
cipals, agents, factors, brokers, manufac-
turers, growers, producers, in the United
states OF America and its dependencies
and territories, or in foreign countries
To conduct and carry on such other bust
nesses as may be found necessary or con-
venient for properly effectuating the afore-
said purposes of enhancing the value of
the properties, rights and privileges OF the |
Corporation.
ARTICLE Iv.-The capital stock OF this !
Corporation is hereby fixed at the sum
of twenty-five thousand (s25 900 OOl DOL
lars, represented by two hundred fifty
C250) shares of the par value OF 500 90 |
each. Said stock shall be paid for In !
cash or its equivalent, as provided by law, |
and in such manner and at such times
and In such installments as may be pre-
scribed by the Board of Directors This |
Corporation shall become a going con-
eern and shall be authorized to commence |
business when s12,500OO Of it's capital |
stock shah have been subscribed for, as |
provided by law, and when S6..Jn 90 of its |
capital stock shall in fact have been paid |
Tor either in cash or its equivalent.
ARTICLE V.-The capital stock Of this
corporation may be increased to the sum |
OF two hundred thousand dollars $500 |
OOOO0) by two-thirds vote of ali the |
stock present or represented at a special |
meeting called for that purpose, or at a |
regular annual meeting OF the Cornora-
ton.
ARTICLE VI.-An certificates of stock |
is oy the Company shah be signed by !
the PRESIDENT or Vice President and coun- !
tersigned by the Secretary Treasurer The |
STOCK Of this Corporation can be trans |
Ierreu only on the books of the Corpora
ION ZION ana SUBJECT TO such regulations and /
formalities as may be by the Board of /
directors from time to time prescribed
No sockholder shall be permitted TO sell
or otherwise dispose OF his stock without
first offering the same, in writing tn tbe
other stockholders, through the Board OF
directors, at a price not exceeding the
book value thereof, and the stockholders
shall have an option and first right to
purchase all the shares of stock to be thus
disposed OF by sale or by the death, res
ignation or otherwise of any OF the stock |
holders OF the Corporation, and shall have
or decline such offer of stock Should the
a period of ten days in which to accept |
Board of Directors or the stockholders
decline to purchase said stock, then the
or stockholders who made
the offer TO sell or otherwise dispose of
he stock may sell or otherwise dispose
" II, in any manner and at any price
hat he or they may see At. But each
hare OF stock is issued under the condi-
lon and understanding that M stock-