The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24
CHARTER OF THE RICE PRODUCTS
COMPANY, INCORPORATED.

United States Of America, State of Lou
isiana, Parish of Orleans, City OF New VI
day of the month of March, In the year
of our Lord, one thousand, nine hunureu
and twenty zone, and Of the independence
of the United States of America, the one
hundred and forty sixth; before me, Alexis
Brian, a notary public, duly commissioned
and qualified, within and for the farlsh
of Orleans, State of Louisiana. ana IN
presence of the witnesses hereinafter |
named and undersigned; personally came
and appeared, the several persons whose |
names are hereunto subscribed; VINO De /
clared that availing themselves o. tne
privileges granted by the laws of the state |
of Louisiana, they do by these presents
form and organize themselves, and such
other persons as may hereafter JOIN them, |
as well as their successors, into a cor
poration for the objects and purposes and
under the stipulations following to-wit:
ARTICLE 1.-The name of this corpora
ton shall be the Rice Products Company,
Incorporated, and under said name II
shall enjoy corporate existence for term
of ninety mine (99) years from date here
Of unless sooner dissolved according to
law. Its domicile shall be In the City OF
| New Orleans, State of Louisiana, where all
| legal process directed against il shall be
served upon its president, or, In his alb
sence, upon the vice-president, and in the
absence of both Of said officers, upon the
| secretary.
| ARTICLE H.-Said corporation mas
| have, hold, lease, purchase, sell, convey,
mortgage or pledge property, real, per-
| sonal or mixed, rights, franchises, patents,
| formulas, recipes, copy rights, trace MARKS,
and chooses In action, and stocks, bonds
4 and securities Of other corporations; 1t
| may borrow or lend money upon security
| 1t may sue and be sued; and may have
4 and use a corporate seal. 1t may have and
| enjoy all such other rights, powers and
prerogatives as are now or may be here
| after enjoyed by corporations generally,
and by corporations Of a like character.
organized under the general and Special
laws of this State.
| ARTICLE III.-The objects and pur-
poses for which this corporation is Or
ganized. and the nature Of the business to
be carried on by 1t are hereby declared to
be; to manufacture and sell patented and
other breakfast cereals, and other cereal
or food products or feed, and for that pur-
pose to acquire by purchase or lease and
operate one or more manufacturing plants
in the city Of New Orleans or other cities !;
to buy and sell generally to deal in food
|, products and feed, particularly rice and
its by-products; to acquire, own and use
formulas, recipes, patent rights, copy
and 1ass %asks Of for sers af
feed preparations; to acquire by purchase
or lease and to operate factories. mills and
warehouses for the manufacture. milling,
. or feed products; and generally to do any
and all things that may be necessary or
incidental to the objects and purposes
| herein stated.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at seventy 1--WE
| thousand (s75,OO0) dollars, divided into
and represented by seven hundred and
fifty $50 shares Of the par value Of one
: hundred $500 dollars per share; and the
right is hereby reserved to increase the
: said capital stock to not more than two
hundred and fifty thousand $780, dol
lars upon complying with the requisites OF
- t. To- n.
signatures of the subscribers to this char
J ter show that fifty (50) per cent or thirty.
seven thousand, five hundred ($31,5OO) dol
lars Of the said authorized capital stoci
e has been subscribed; and the said sub
scribers hereby declare and warrant tina
eighteen thousand, seven hundred and fifty
|, ISIS, 800 dollars of the said subscription
< has been paid into the treasury of the cor
poration in cash, at and before the sign
| ing Of this charter.
r ARTICLE V.-The business and affairs
: of this corporation shall be managed ant
n conducted by a Board Of Directors con
n Walter j. Trautman. Chas. Bacharach, Sid
n ney s. Goldberg, JAG. Trautman and JOSEPH
o Trautman. all residing in the City Of New
y Orleans, State Of Louisiana. shall consti
q hold Office until the third (3rd) Monday il
January, 1922, or until their successor
v shall be duly elected and qualified. On tn
e third Monday In January, 1922, and an
r nually thereafter, an election for Direc
D tors shall be held at the Office of the cor
l., poration In the City Of New Orleans. afte
y notices have been given to each stoci
thereto. At all elections the stakeholder
d, shall be allowed one vote for each shar
m that has been standing in his name on tn
Id the meeting. In case Of vacancy occur
ii ring for any cause in either the Boar
Id Of Directors or among the officers, tn
vacancy shall be filled by the remainin
II hrrN ha AIa 81 ,&1 y a.
sr to fill such vacancy, who shall hold offc
III until the next annual meeting, or until
successor is elected.
,e ARTICLE vI.-The officers of this col
90 90 poration shall consist of a president,
- vice-president, secretary and a trea
a. urer. The offices Of vice-president an
treasurer or secretary and treasurer ma
:. be held by the same person. Until tn
5. their successors shall have s'- BEEN en- dul
er elected and qualified. Mr.. Walter ]. Traut
man, shall be president; Mr.. Chas. Bachs
be rach, shall be vice-president and treai
r secretary Of said corporation. On the thir
T. Monday Of JANUARY. 1922, Immediately a
&c ter the annual stockholders meeting, an
ip annually thereafter, the Board Of Director
&c elected at such annual meeting shall selet
as from their own number, a president,
e. vice-president, and from among their ow
Ill number or from the stockholders, a seer,
c. tary and a treasurer.
!. Awhile Vino StOcknOi0er OF Tn
" corporation shall sell any part or ali ,
ne the capital stock Of this corporation owne
by him without first having offered Il
er same to the remaining stockholder
IL through the Board of Directors, at Il
is same price that may have been offered
.e- him by another person. In the event
Of the increase Of the capital stock of this col
g. poration, stockholders then owning stoC
In this corporation, shall have the rigl
An and option to purchase at par the II
=, ~ creased capital stock in the same propo
=, ton as they shall then respectively hol
81 81 the outstanding stock.
rs ARTICLE VIII.-Tnree members of Il
of Board Of Directors shall constitute gu
e. rum for the transaction Of all bushes
e. said Board OF Directors may adopt a coo
4, OF bylaws and seal and amend or chans
the same at their discretion.
A. ARTICLE IX.-This act Of incorporate
or may be amended In all particulars as DR.,
ct y1ded by law; or the corporation may
A. dissolved upon complying with the Or
r. visions Of the status on that subject.
err In the event of voluntary liquidation, Il
n stockholders shall elect from their nun
q. Der, two hquidators who shall be vests
or with power to settle its affairs, collect Il
he outstanding debts, and divide the renal
to ing money and property among the stool
holders.
We ARTICLE X-No stakeholder shall
&c held liable for the contracts or faults
ed Of this corporation, or Of its officers
of agents, beyond any unpaid balance tn
al may be due by him on his stock subscri
ton; nor shall any mere informality In tn
In act have the effect Of rendering this cha
tn ter void, or of exposing the stockholde