The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-21
CHARTER.
CHARTER OF NATIONAL RICE COM
PANN, INC.

United States Of America, stat" Of Lou
Islam Parish of Orleans. city OF Nv
orleans BE il known, That on inns LON
day OF the month OF Septenn'I III ,m'
YEAR of our Lord, one thousand nine nun
Jred and twenty and of the independence
of the United States of America the one
hundred and fOrty-fifth, before me- i'I
man l. Barnett Notary Public, duly
commissioned and qualified, in and for the
Parish Of Orleans, state ot LoulHlaha
therein residing, and in the presence ol
the witnesses hereinafter named ana uh
dersignpd personally came and appeared
the several persons whose names are mere
unto subscribed. all Of the tull age OF
majority. who Severally declared 10 me-
Notary. that ayailing themselves OF lhr
laws of the State of Louisiana. IN Su'h
cases made and provided, and more par
ticularIy of Act 267 Of the General Assem-
bly of the State of Louisiana OF 1914. re-
Ioting 10 the creation. organization ana
formation of corporations, they have GOV
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 l."
form a corporation for the objects and
purposes and under the articles ana sup
ulations following. to-Wlt:
ARTICLE 1.-The name and title of the
CORPORATION shall be National Rice Com
pany. Inc. And under its corporate name,
n shall have power and authority to nave
and to enjoy corporate eNlStenc" Tor q
period of ninety nine years from I5t"
hereof unless sooner dissolved by hqulda-
ton or otherwise; il shall have power 70
contract, to sue and TO be sued. TO make
and use a corporate seal and To alter anu
break same at pleasure. 10 hold, receive
lease. purchase, transfer. assign. convey
mortgage, hypOthecate, pledge, or Other
wise receive or dispose of property. real,
Personal and mixed. cOrpOreal ana moor
Doreal; to issue bonds and II desired 10
secure the same by mortgage; TO buy ana
aFh Ar M -
TO the objects and purposes or to the rN-
pansion of the business interests OF IN"
corporation: 10 name, elect and appoint
such managers. agents, directors or OH
GERS as its business interests may require
and to make and establish, alter and
amend its bylaws. rules and regulations
for It's proper government, as may d"
deemed necessary and proper, and gener-
olly 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 H.-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. III
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
clared to be as follows: To buy. sell. eN-
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 thereon,
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. 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 well 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
Neulenl lot properly e1IeCtuatlne thC aiOre-
said purposes of enhancing the value of
the properties, rights and privileges of the
Corporation.
ARTICLE IN.-The capital stock of this
Corporation is hereby fixed at the sum
of twenty five thousand 1926 600 OO) dol
lars. represented by two hundred fifty
t25Ol shares of the par value of $1,000
each. Said stock shall be paid for In
cash or its equivalent, as provided by law
and in such manner and at such times
tuSfallmputS m no
scribed by the Board of Directors. This
Corporation shall become a guiu. con
Germ and shall be authorized to commence
business when Sl2,JO0,OO of its caTitaI
stock shall have been subscribed for rs
provided by law. and when 81 80 90 of IL
capital stock shall in fact have been paid
for. 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 Cs20O
WOOO) by n twO-thirds vote Of ali the
stock present or represented at SnecioI
meeting called for that purpose, or at a
regular annual meeting of the CorpOra.
ton.
ARTICLE VI.-An certificates of stock
issued by the Company shall be signed by
the President or Vice President and coun-
tersigned by the Secretary Treasurer The
stock of this Corporation can be trans
Ierred only on the books of the Corpora
ton and subject to such regulations and
IormalitieS as may be by the Board OF
Directors from time to time prescribed
No stakeholder shall be permitted to sell
or otherwise dispose OF his stock without
1lrst offering the same. in writing, to the
other stockholders. through the Board OF
directors, at a price not exceeding the
book value thereof, and the stockholders
snail nave an option and first right to
purchase all the shares of stock 10 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 accent
Board OF Directors or the stockholders
decline TO purchase said stock. then the
stockkhelder or stockholders who made
the offer TO sell or otherwise dispOsp of |
the stock may sell or otherwise dispoSe
OF II, in any manner and at any price
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 sale or transfer of |
his stock in violation OF this provision
and such sale or transfer. If 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 /
posed of not less than three and not more
than five stockholders, two Of whom shall /
constitute quorum, IL there are three
directors, and three Of whom shall con-
'titute a quorum. If there are four or five