The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-10
CHARTER OF THE RICE PRODUCTS
COMPANY, INCORPORATED.

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 (lst)
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 sixth; before me, Alexis
Brian, a 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 their successors, into 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-nine 1907 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
sence, upon the vice president, and In the
absence of both of said officers, upon the
secretary.
ARTICLE II.-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 (;
it may sue and be sued; and may have
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 like character,
I 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
I 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
| rights and trade marks for the prepare
/ ton and manufacture, of cereal foods or
| feed preparations; to acquire by purchase
1 OF tease ana 10 operate factories, mills ana
| 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
! incidental to the objects and purposes
herein stated.
ARTICLE Iv.-The capital stock Of this
corporation is hereby fixed at seventy five
! thousand (SI5,OOO) dollars, divided into
and represented by seven hundred and
fifty (7J0) shares Of the par value of one
hundred (S10O) 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, OO0) 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 500 per cent or thirty
seven thousand, five hundred 1887 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
CSls,55OD 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.
ARTICLE V.-The business and affairs
of this corporation shall be managed and
! conducted by a Board of Directors con
sisting of five (5) stockholders, Messrs
Walter ]. Trautman, Chas. Bacharach, Sid
ney s. Goldberg, JAG. Trautman and JOSEPH
Trautman, all residing in the City Of New
, Orleans, State of Louisiana, shall consti
hold office until the third (3rd) Monday il
January, 1922, or until their successor
! shall be duly elected and qualified. On tn
E third Monday in January, 1922, and an
nually thereafter. an election for Direc
tors shall be held at the Office of the cor
q, poration in the City of New Orleans. afte
7 notices have been given to each stock
/ holder by mail at least ten days prio
thereto. AT all elections the stakeholder
!, shall be allowed one vote for each shar
q that has been standing In his name on tn
a books Of the corporation ten days prior {
1 the meeting. In case Of vacancy occur
l ring for any cause in either the Boar
4 of Directors or among the officers, tn
vacancy shall be filled by the remainin
r directors by the election of a stOckholdel
n to NIL such vacancy, who shall hold ofic
until the next annual meeting, or until
successor Is elected.
ARTICLE VI.-The officers Of this col
? poration shall consist of a president,
n yice-president, secretary and a treai
!, treasurer or secretary and treasurer ma
= be held by the same person. Until tn
: | third Monday Of January, 1922, or, unit
!, their successors shall have been dull
man, shall be president; Mr.. Chas. Bachf
e rach, shall be yice-president and treai
II urer and Mr.. Sidney s. Goldberg shall
= secretary Of said corporation. On the thir
! Monday of JANUARY. 1922, Immediately a
e ter the annual stockholders meeting. an
p annually thereafter, the Board of Director
e elected at such annual meeting shall sele,
IS from their own number, a president,
: vice-president, and from among their ow
IL number or from the stockholders, a seer,
:, tary and a treasurer.
, ARTICLE VII.-No stakeholder of tn
/, corporation shall sell any part or all
e the capital stock of this corporation ownt
by him.without first having offered Il
r same to the remaining stakeholder
l. through the Board of Directors, at Il
Is same price that may have been offered
E. him by another person. In the event
)f the Increase OF the capital stock of this CO
s. poration, stockholders then owning sto1
in this corporation, shall have the rig
m and option to purchase at par the il
:. creased capital stock in the same propo
n ton as they shall then respectively no
Il the outstanding stock
Is ARTICLE VIII.-Three members of II
)f Board OF Directors shall constitute a gu
p rum FOR the transaction of all bushes
Said Board Of Directors may adopt a CO,
l. OF bylaws and a seal and amend or chan,
the same at their discretion.
l. ARTICLE IX.-This act of incorporate
,r may be amended in all particulars as DR.
t vided by law; or the corporation may
l. dissolved upon complying with the DR.
r visions OF the status on that subject.
n In the event of voluntary liquidation. Il
i stockholders shall elect, from their nun
5 Der, two Hquidators who shall be yests
n with power to settle it's affairs collect II
e outstanding debts, and divide the remail
holders
e | ARTICLE X.-No stakeholder shall
e held liable for the contracts or faults
d or this corporation. or of its Officers .