The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
CHARTER
OF NATIONAL RICE COM
PANE, INC.

wear of our Lord, one thousand nine hun
bred and twenty, and Of the Independence
of the United States of America IN" on,
hundred and forty -fifth. before me-. Her
man l.. Barnett, n Notary Public, dulS
commissioned and qualified, IN ana Tor the
Parish Of Orleans, state Of LOUISIANA
therein residing, and in the presence OF
the witnesses hereinafter named and uu
deTsigned. personally came and appeared
the several persons whose names are mere
unto subscribed, alt of the full age oi
majority. who Sevprally declared 10 m"
Notary. that availing themselves of tn,
laws of the State OF Louisiana. in SuoG
cases made and provided, and more par
ticuIarly of Act 2GI of the General Assem-
bly, OF the State Of Louisiana Of 1914, r..
lating to the creation. organization and
formation of corporations, they have GOV
enanted 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, IA
form n corporation for tn" objects ana
purposes and under the articles and stip-
ulations following. to wit:
ARTICLE 1.-The name and title of the
Corporation shall be National Rice Com
pany Inc And under its corporate name,
IL shall have power and authority to have
and to enjoy corporate existence Tor a
Deriod of ninety nine years from date
hereof. unless sooner dissolved by ltquida-
ton or otherwise; it 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, 10 nOil. If'tlN'
lease, purchase, transfer. assign. convey.
mortgage, hypOthecatc. pledge. or other
wise receive or dispose of property. real.
personal and mixed, corporal and incor-
poreal: to issue bonds and IL desired to
secure the same by mortgage: to buy and
hold stock in other companies. incident
to the objects and purposes or to the eN-
pansion of the business interests of the
corporation; to name, elect and appoint
such managers agents, directors or Off
GERS as it's business interests may require,
and to make and establish, alter and
amend its bylaws, rules and regulations
for it's proper government, as may be
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 U.-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
cIared to be as follows: To buy. sell, eX-
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 cOmcStibleS,
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
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 as domestic
commerce, and, in fact. to carry on any
of the business aforesaid, either as prn-
cipals, agents, factors, brokers' lnanufac-
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
ventent 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.OO0O0) dol
lars, represented by two hundred fifty
(SO) shares of the par value of 500 90
each. Said stock shall be paid for In
cash or its equivalent, as provided by law.
ana in such manner and at such times
aud in such installmentS as may be pre-
scribed by the Board Of Directors. This
Corporation shall become going con
Germ and shall be authorized TO commence
business when $l2JOO.OO Of its raf,,taI
stock shall have been subscribed for as
provided by law, and when Ssh 20 of its
capital stock shall in fact have haan Dai5
for. either In cash or its equivalent
ARTICLE v-The capital stock ~ tbis
Corporation may be increase to tho Sum
of two hundred thousand dollars fSoOO .
wOOo) by two-thirds vote of all the
present or represented at a special
betting called for that purpose. or ar n
zion. ''' a.
ARTICLE VI.-An certificates Of stock
issued by the Company shall he signed nv
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
first offering the same. in writing to the
other stockholders, through the Board OF
rrectors, at price not exceeding the
book value thereof, and the stakeholder
shall have an option and first right TO
purchase all the shares OF stock to he 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
q period OF ten days in which to accept
or decline such offer OF stock Should the
Board of Directors or the stockholders
decline to purchase said stock then the
stakeholder or stockholders who made
the offer to sell or otherwise dispose OF
the stock may sell or otherwise dispose
Of IL, 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 a sale or transfer of
his stock in violation of this provision:
and such sale or transfer. IL 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 a quorum, II there are three
directors. and three of whom shall con-
stitute quorum IL there are four or five