The herald., 1920-07-08

State of Louisiana. Parish OF Orleans
city Of New Orleans. he il known that
on this nineteenth day of May. in the
year one thousand. nine hundred and
twenty. before me. William Waller Young,
a notary public, in ana TOR the parish
of Orleans. state of Louisiana. duly com
miSsioned and qualified, and in the pres
ence Of the witnesses hereinafter named
and undersigned. personally came and APP
P"arrd the several persons whose names
ar" hcrruntO subscribed. all above the
full age of majority. who Seyerally de
rlarcd. that avaling themselves of the
laws Of tn" state of Louisiana. and cS-
pccialIy the laws relar,vn 70 the organi-
ZatiOm Of corporations. they have cove
nantrd and agreed to bind. form and con
>titnte themselves. rs well all such
other persons aS may hereafter join or
become associated with them. into a cor
pOration and body polite in law, for the
objects and purposes and under the ar
ticl"S, agreements and Stipulati0nS follow
ing tO-wit;
ARTICLE The name. style and title
of this corporation shall be Associated Rice
MilrrS Of America Inc. and. under that
name. il shall have and enjoy all the
rights. advantages. and privileges granted
by law To corporations. and shall exist for
! the full term and period Of ninety nine
years from this day. II Snaii have power
to contract sue and be sued to make and
use Il corporate seal. and the same to alter
aud break at pleasure: to hold. receive
lease. purchase, sell and convey. as well
rs mortgage. hypOthecate and pledge
property, real. personal and mixed, cor
pOreal and incOrpOrcal; to name and ap-
point such mana gers. directors. Officers
agents and other employees as its interest
and convenience may require. and to make
and establish. rs well as alter and amend
from time. to time, such bylaws, rules
and regulations as NAV be necessary and
eNpcdient for the proper management and
government of the affairs Of said corpora
ton.
ARTICLE 1.-THE domicile of this cor
pOration is hereby fixed in the city of
New Orleans, State of Louisiana. and all
citation or other legal process shall be
served upon the President of said cor
poration. or in his absence upon its Sec
Rotary.
ARTICLE III.-The objects and pur-
poses of this corporation and the nature
of the business to be carried on by it
are hereby declared to be: To carry on
a general advertising and publishing
| business i'm all its branches both as prin6
! cipalS and agents, principally in the ad-
yprtising of rice To buy, sell and deal
| in rice and its by-prOductS, on commits
/ sion and otherwise. and IL do Il general
| rice milling business lit all its branches.
| and for SAID purpose To own. lease and
| operate mills. warehouses. factories and
| works. with the right and power TO do
| any and all things necessary or con
/
or complementary to the objects and pur-
poses herein set forth.
| ARTICLE IV.-The capital stock of
! this corporation is HEREBY fixed at the
! sum of Five Thousand (SJ.0O0.O0) Dollars,
! to be divided into and represented by
| Fifty (J0D Shares. in rae sum of One
! Hundred (S10OO0) Dollars each: said stock
! shall be paid for when. and in such in
| stallmrnts as directed by the Board of
Directors. The capital stock OF this cor
| L. oil 81
Twenty Five Thousand Dofiars.
ARTICLE V.-An the corporate powers
| of this corporation shall he exercised by
Il Board of Directors consisting of all
! of the stockholders, twO-thirds of whom
shall constitute quorum for the trans
vote in person or by proxy. The Board
| of directors shall. at its first meeting
elect from among its members. Il Presi-
dent. n NicePreSident, a Secretary and q
| Treasurer. who shall hold office unit
| their SUCCESSORS are duly elected and quail
fled. and in case of vacancy in any OF
the said positions. the same shall be fill
ed by election by the Board of Directors
| The annual meeting for the election of of.
| ficerS shall be held on the Second Tues
day in May. of each year. unless said
day he legal holiday, and then on the
next bank day thereafter.
Each subscriber herero sets after hi,
name his post office address and state
ment of the number or shares of stock
which he agrees to take in the corpora
ton. At all elections, every stOckhOldei
shall be entitled to one vote for eact
share of stock standing in his name OF
the books of the corporation, to be cas-
in person or by written proxy. \ ma
Ority of the votes cast snail elect
No stakeholder can ever sell stock o.
this corporation without first offering thu
same in writing to the other stakeholder
through the Board of Directors, at pa
value. and in the event OF the death of
stakeholder or of the bankruptcy of ;
stakeholder, or in the event of the dissO
luton of, or the appointment of re
ceiver to, a corporation owning stock il
this corporation, or in the event of tn
dissolution of a partnership owning stoc
in this corporation, the right is hereb,
reserved. to the remaining stakeholder
, to purchase said stock At its par value
ARTICLE<VI-In the event of the Ii
! quotation or dissolution of this corpora
/ ton. the stockholders shall elect thre
E lquidators from among their number a
= meeting convened for that purpos'
, after fifteen (l5) days written notice sen