St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-04-17
CHARTER OF THE
PETERS RICE FARM COMPANY
INCORPORATED.

United States of America, State o,
Louisiana, Parish OF st.
Tammany.
be it known, that ON this 10th
day Of April, A. D., 1920. before ne
Ihomas M. Burns, Notary Public
duly commissioned and sworn in and
for the Parish of St. Tammany, State
OF Louisiana, therein residing, per-
sonaily came and appeared the per
sons whose names are hereunto sub
scribed, who declared that, availing
themselves of the laws of the State
OF Louisiana, relative to the organi-
zatlon OF corporations, they have
coVenanted and agreed, and by these
presents do covenant and agree, bind
and form and constitute themselves,
as well as such other persons who
may hereafter join or become assu-
ciated with them, into q corporation
and body polite in law, for the OBJ
Jects and purposes and under the
agreements and stipulations follow
ing, to-Wit:
ARTICLE l.
The name and style of this cor
poration shall be the 1.-THE Peters
Rice Farm Company, Incorporated ~
and under that name 1t shall have
and enjoy all rights and privileges
granted by law to corporations: 1t
shall exist for a. period of ninety
nine years from this day; it shall
have power to contract, sue and be
sued in it's corporate name; to make
and use a corporate seal and tho
same to alter at pleasure; to hold,
receive, purchase, convey, mortgage.
hypothecate or pledge property, botn
real and personal; to issue bonds.
notes and other obligations; to hava
and employ such managers direct
ors, officers, agents and other en-
ployees as the interests and convent
ence of said corporation may rs-
quire; to make and establish such
bylaws, rules and regulations for
the porper management and control
of the affairs of the corporation ss
may be reasonable and expedient.
ARTICLE II.
The domicile of said corporation
shall be at Madisonville, Parish OF
st. Tammany, State of Louisiana; all
citations and other legal process
shall be served on the President,
and in his absence on the Vice-Presi-
dent, and in the absence of both on
the Secretary-Treasurer.
ARTICLE III.
The objects and purposes foc
which this corporation is establish
ed, and the nature of the business to
be carried on by it, are hereby de-
clared to be:
To produce rice and other agri-
cultural products, as well as the mill.
ing of said products to make thom
suitable for market purposes, stock
raising, and generally to do and per-
form any and all acts and things
pertaining to the business above
enumerated, connected Herewith or
arising therefrom, in this State and
elsewhere.
ARTICLE Nv.
The capital stock OF this corora-
ton Is hereby fixed at the sum u
Seven Thousand $4,000 Dollars,
divided into and represented by
seventy (70) shares of the par value
of One Hundred (s100) Dollars
each, which shall be paid for in cash
when subscribed, or by the purchase
of property as said Board may elect.
all of which shall be common stock.
That this corporation shall be
going concern when all of the capi-
tai stock is actually paid for. All
shares shall be full paid and nom
assessable, which capital stock may
be increased to a sum not to excees
Fifteen Thousand ($15,000) Dollars,
at the PLEASURE of the Board of d.
rectors, in which event, during the
period between the call for the meet
ing for such increase and the meet
ing, the person holding stock at the
time shall have the right to taxa
shares of the additional or increase
ed stock, proportionate to the nRn-
ber of shares owned by him, and any
shares not taken at the expiration of
said period may be disposed Of BY
the Board of Directors, for the bene.
fit of the corporation, at not less
than their par value. No transfer
of stock shall be binding upon the
corporation unless recorded upon the
books.
ARTICLE v.
All the corporate powers OF this
corporation and the management
and control of Its affairs shall be
vested in and exercised by Board
of Directors, composed Of seven (7)
a two-thirds majority
of whom shall constitute quorum
for the transaction of the business
of the corporation. The Directors
shall be elected annually by ballot
by the stockholders, on the third
Monday of May of each year. Each
stockholder shall be entitled In PEI
son or by proxy, to vote for every
share owned by him, and all elec-
tions shall be held under such rules
and regulations as may be deternlin-
ed by the Board Of Directors; the
Directors thus elected shall continue
In Office for one year, or until their
successors have been duly elected
o~-~~-o-o-o~-o~~~~~~~~ ~~~~~~o-o-o~~~~~c0~o
in his place Mr.. E. G. Davis, of Cow
ington, Louisiana,
Therefore be it resolved, That Mr..
E. G. Davis be and he is hereby ap-
pointed a member OF the Good Roads
Commission of St. Tammany Parish.
IN accordance with all the rules and
regulations previously had governing
the said Commission.