The herald., 1921-03-17
CHARTER OF THE RICE PRODUCTS
COMPANY, INCORPORATED.

| United States of America. State of Lou.
isiana, Parish of Orleans, City of New Or
leans. BE il known, That on this first Qst)
day of the month of March, in the year
| of our Lord, one thousand, nine hundred
| and twenty-One, and of the independence
| OF the United States of America, the one
! hundred and fOrty-s sixth; before me, Alexis
| Brian, notary public, duly commissioned
and qualified, within and for the Parish
| of Orleans, State Of Louisiana, and in
. presence of the witnesses hereinafter
named and undersigned; personally came
and appeared, the several persons whose
names are hereuntO subscribed; who de-
clared that availing themselves of the
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 il
| shall enjoy corporate existence for a term
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 it 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 mag
| have, hold, lease, purchase, sell, convey
mortgage or pledge property. real, per-
| sonal or mixed, rights, franchises, patents,
| formulas, recipes copy rights, trade marks,
| and chooses in action. and stocks, bonds
and securities Of other corporations: 1t
| may borrow or lend money upon security !;
/ II may sue and be sued; and may have
| and use 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,
| cOrDOratiOnS 10 oh
4 organized under the general and Special
| laws of this State.
| ARTICLE III.-The objects and pur-
poses for which this corporation is or
gained, and the nature of the business to
be carried on by 1t are hereby declared to
De; 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
lts Dy,products; TO acquire, own and use
formulas, recipes, patent rights, copy
| rights and trade marks for the prepare
ton and manufacture, of cereal foods or
iced preparations; to acquire by purchase
or tease and 10 operate factories, mills and
warehouses for the manufacture milling
packing or storing Of rice and other food
| or feed products; and generally to do any
and all things that may be necessary or
4 " iHe ouJeGlS anu purposes
herein stated.
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at seventy-fye
thousand (Si5,OO0) dollars, divided into
and represented by seven hundred and
| nifty CdJO) shares Of the .par value of one
hundred lSlOO) dollars per share; and the
right is hereby reserved to increase the
said capital stock to not more than two
hundred and fifty thousand $3.50, OOO) dol.
lars upon complying with the requisites of
| the law. The subscriptions opposite the
signatures of the subscribers to this char
| ter show that fifty (j0) per cent or thirty
seven thousand: five hundred 1897 500 dol
lars of the said authorized capital stock
has been subscribed; and the said sub
scribers hereby declare and warrant that
eighteen thousand, seven hundred and fifty
SSls'.ool dollars Of the said subscriptions
mas been paid into the treasury of the cor
poration In cash, at and before the sign
ing Of this charter.
ARTICLE V.-The business and affairs
OF this corporation shall be managed and
conducted by Board Of Directors con-
sIsting OF hve 90 stockholders, Messrs
waiter j. Trautman, Chas. Bacharach. Sid
ney ). Goldberg, JAG. Trautman and Joseph
d kaufman: an residing in the City Of New
orleans, state Of Louisiana, shall consti-
tute the first Board of Directors. who shall
hold office until the third (3rd) Monday in
January, 1922, or until their successors
shali De duly elected and qualified. ON the
third Monday in January, 1922 and an
nually thereafter, an election for Direc-
tors snail be held at the Office Of the cor
poration in the City Of New Orleans. after
h ho,ices nave been given to each stock.
noiuer Dy mail at least ten DAYS prior
thereto. At all elections the stockholders
snail be allowed one vote for each share
mat mas been standing in his name on the
t pooks OF the corporation ten days prior to
tne meeting. In case Of a vacancy occur
ring Tor any cause in either the Board
oI directors or among the officers, the
S Sascancy snail be filled by the remaining
70 siI py the election Of stakeholder,
10 M such vacancy, who shall hold Office
uhtll the next annual meeting, or until a
successor is elected.
ARTICLE vI.-The officers OF this cor.
P P,na Il shall consist of a president,
nrer pfe TSe IA secretary and a treas
treasurer or secretary and treasurer NAV
De heid by the same person, . Until the
t thifa Monday Of January, 1922, or, until
elected and qualified. Mr.. Walter j. Tranf,
man snail be president; Mr.. Chas Bacha-
rach, shall be vice-president and treas
S Saer ana MI. Sidney s. Goldberg shall be
Monday of JANUARY. 1922. Immediately af.
yer the annual stockholders meeting. and
annually thereafter, the Board of Directors
go ut such annual meeting shall select
from their own number. a president
vice president, and from among their own
number or from the stockholders. n secre-
tary and treasurer.
ARTICLE Vino stakeholder Of this
corporation shall sell any part or ali Of
tne capital stock of this corporation owned
oy MIN without first having offered the
same 10 the remaining stockholders
snrougn the Board of Directors, at the
s same price that may have been offered to
nm nm Ny another person. In the event Of |
the increase Of the capital stock OF This CO..
porauon, stockholders then owning sfoct
IN thls corporation, shall have the right
anu opuon TO purchase at par the in
creased capital stock in the same nronor
uon as they shall then respectiveiv boi5
the outstanding stock. Hoiu
ARTICLE VIII.-Three members NJ tho
Doaru OF directors shall CONSTITUTES n ono.
rum Tor the transaction of ali bps;ness
Saiu-board on Directors may adopt a code '
OF bylaws and seal and amend or cbsDse
tue same at their discretion.
ARTICLE IX.-This act of incornorat,or
may III De amended in all particulars as nro-
siueu oy law; or the corporation NAV be
v viis;seu upon complying with the pro-
'isions Oh the status on that subject.
IN the event of voluntary liouidat;op tho
shall elect, from their NM
,,'..; Two nquidators who shall be vested
o I'm power TO settle its affairs, collect the
M u.S .g oeots, and divide the remain
holders. "'He tue SUCK
"A AiRTICLE x.-No stakeholder shall he
~ naoIe TOT the contracts or faults OF
agents, beyond any unpaid balance thot
nay be due by him on his stock suhscrin.
JOB nor shall any mere informaiity in this
ict nave the effect Of rendering this char.
er void. or OF exposing the stockhoIdere
y uaputy beyond that representa- nv |