The herald., 1920-10-28
CHARTER.
CHARTER OF NATIONAL RICE COW
PASY, INC.


limited States OF America, state Of lou Toiy
isiana Parish of Orleans |iE ~ IE+r
orleans. he it known Ihat on ."i in he
Tcsr 81 our Lord, one thousand nine nun
Jred and twenty, and of the lnd'Pthu'n ~,
of the United States of America tue T
hundred and forty fifth: otiorr III, NE dniv
man l. Barnett. Notary PuDIi': u .S
Commissioned and qualified, in ana lot th'
Parish of Orleans. state OF LOUISA" "f
therein residing, and IN the PIes'h,'
the witnesses hereinafter nalheu anu vi
dersigned personally came anu aPp'hS, -
Tho several persons whose names are h'l'
unto subscribed. all OF the luli M.
maiority who seyerally deciar'd 70 N
Notary. that availing themselves OIL tnS
iaws Of the State of Louisiana, III SUN
eases made and provided, anu Hore Pat
ticularly of Act 261 OF the Geh"rdi
bly of the State of Louisiana oi i'Ii' -,
Iotipg TO the creation. organization anu
Torn9tion of corporations, they nave COY
enanted and agreed, and by these PreS'el.S
10 covenant and agree and Olnu themselves,
as well as all such other persons a., =,
hereafter become associated WIN thth', "a
form a CORPORATION for the ObJe'IS anu
nnrDoses and under the articles anu sup
uIatiOns following. to-wlt.
ARTICLE 1.-The name and title OF the
Corporation shall be NauonaI MI noymt.
~ shall have power and authority 10 nave
and to enjoy corporate existence lot
Deriod of ninety nine years from GaIe
hereof. unless sooner dissONed DS ltIu %
ton or otherwise; it shall nave power W
contract to sue and to be sued, 10 MAKE
and use a corporate seal ana 10 alttr anu
break same at pleasure. 10 holu' reCtINr'
lease purchase transfer, assign, convey
mortgage hypotheCate, pledge. or other
wise receive or dispose OF property I'ui'
Personal and mixed. cOrporeai ana lncoI
poresI; to issue bonds ana II ueslreu "
49,
hold stock in other companies, incident
10 the objects and purposes or TO the eA
pansion Of the business Interests Oh tn'
corporation; to name, eject anu dpPVssHi'
snch managers, agents, directors OF ON
GERS as its business interests may require,
and TO make and establish, after ana
amend it's bylaws rules ana reeuIaIionS
for It's proper government, as may Sona "
alIy to do any and all things incident 70
or necessary and proper for the extension on
of the business in which the corporation
is engaged
ARTICLE U.-This Corporation shall be
domiciled in the city OF New 11'e ai.s;,o ~
or other legal process shall be served upon
the President Of the Corporation ana III
the event Of his absence, upon the wee
President.
ARTICLE III.-The objects and pur
poses for which this Corporation Is organ
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, ana IN eNsrS "aS
deal in and with rice, sugars, coffee and
any other cereals, grains and comeStlDles
and any and all the by-products thereoi
of every class and description, either a.
principal, factor, agent, broker or other
wise: to carry on the general business o
commission merchants, factors, DrOker
and selling agents, with regard to tn
above named commodities and products o
any other commodities, products, food
stuffs, goods and merchandise, of all kind
and descriptions. To acquire ana uiSpos
of. in any manner whatsoever lahus
buildings, factories and machinery, or an
interest therein, for the growing, prOduc
ing and manufacturing of rice. sugars
coffees and any other cereals, grains an
compstibles and their by-products, ana I
grow, cultivate, produce, market ana man
ufacture any and all the above name
commodities, products and their by-pr0
ducts. To carry on general mercantl
and merchandise business, and to purchase
sell deal in, and in any way handle mel
chandise, goods supplies and commoditie
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 prir
cipals, agents, factors, brokers, manufaC
turers growers, producers, in the Unite
States OF America and IFS Dependence
and territories, or in foreign countrle
nesses as may be found necessary or COZ
yenient for properly effectuating the afor'
said purposes of enhancing the value
the properties, rights and privileges of ii
Corporation.
ARTICLE Iy.-The capital stock of tn
Corporation is hereby fixed at the SUI
of twenty-five thousand ($25,OOO.OO) do
lars, represented by two hundred fift
ESQ., shares OF the par value OF 5000
each. Said stock shall be paid for
cash or its equivalent, as provided by Law
and in such manner and at such tim'
and in such installments as may be pr
scribed by the Board of Directors. Tn
Corporation shall become going col
Germ and shall be authorized to cOmmen,
business when Sl2.5O0.O0 OF IT'S capt.
stock shall have been subscribed for.
provided by law, and when S6.3J00 90 of 4
capital stock shall in fact have been pa
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 1920
OO000) by a o-thirds vote Of all Il
meeting called for that purpose, or at
regular annual meeting Of the COrpor
ton.
ARTICLE VI.-All certificates OF sto'
issued by the Company shall be signed
the President or Vice President and cou
tersigned by the Secretary Treasurer. II
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 81
or otherwise dispose of his stock witho
first offering the same, in writing, to q
other stockholders, through the Board
Directors, at price not exceeding q
book value thereof. and the stockhoIde
shall have an option and first right
purchase all the shares OF stock to be tn
disposed of by sale or by the death. re
holders Of the Corporation, and shall 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 {
stakeholder or stockholders who ma
the offer to sell or otherwise dispose
the stock may sell or otherwise dispO
OF IL, in any manner and at any pri
that he or they may see Mt. But ca,
share Of stock Is issued under the cond
tion and understanding that no stoc