The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
OF THE RICE PRODUCTS
COMPANY, INCORPORATED.

| L
| isiana, Parish of Orleans, City of New Or
| leans. lie it known, That on this first lst)
day Of the month OF March, III 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, Il notary public, duly commissioned
| and Qualified, within and for the Harlsh
J of Orleans, State of Louisiana, and III
4 presence of the witnesses hereinafter
named and undersigned; personally came
| and appeared, the several persons whose
1 names are hereunto subscribed; who de
clared that availing themselves u the
| privileges granted by the laws of the State
J of Louisiana. they do by these presents
| form and organize themselves, and such
other persons as may hereafter JON them,
| as well as 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 500 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 ce-president, and i'll the
absence of both of said officers, upon the
secretary.
| ARTICLE II.-Said corporation may
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; it
may borrow or lend money upon security /;
| Ii may sue and be sued; and may have
and use a corporate seal. 1t may have and
enjoy all such other rights, powers and
| prerogatlyes 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 ii 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 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 prepara-
tion and manufacture, of cereal foods or
! feed preparations; to acquire by purchase
or lease and to operate factories, mills and
!, warehouses for the manufacture. milling,
A 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
f corporation is hereby fixed at seventy 1--WE
4 thousand (S55.OO0) dollars, divided into
e and represented by seven hundred and
@ hfty (15OD shares of the par value of one
\ hundred ($lOO) dollars per share; and the
5 right is hereby reserved to increase the
II said capital stock to not more than two
K 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.
~ rtN
n seven thousand, five hundred ($37. 500 dol
. lars of the said authorized capital stock
has been subscribed; and the said sub
o scribers hereby declare and warrant thai
r. eighteen thousand, seven hundred and fifty
K tS1S,I5OD dollars of the said subscription:
Q has been paid into the treasury of the cor
| pOratOn in cash, at and before the sign.
ing of this charter.
ARTICLE V.-The business and affair.
n Of this corporation shall be managed anC
+ conducted by a Board of Directors con
n ssting of five 90 stockholders, Messrs
m Walter j. Trautman. Chas. Bacharach. Sid
~ ney ). Goldberg, JAG. Trautman and JOSEPH
If Trautman, all residing in the City of New
II Orleans, State of Louisiana. shall cOnsti
20 | tute the first Board of Directors, who shall
hold Office until the third Ord Monday il
January, 1922, or until their successor
y shall be duly elected and qualified. On tn
&c third Monday in January, 1922. and an
r. nually thereafter, an election for Direc
" 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 stock
A holder by mail at least ten DAYS priO
thereto. At all elections the stakeholder
q, shall be allowed one vote for each Shar
III that has been standing in his name tn
books of the corporation ten days prior {
10 the meeting. In case of a vacancy occur
I'll ring for any cause in either the Boar
40 OF Directors or among the officers tn
vacancy shall be filled by the remainin
er directors by the election of stockholde
gn to MI such vacancy, who shall hold offiC
until the next annual meeting or until
,o successor is elected.
is ARTICLE YI.-The officers of this col
cr poration shall consist of a president
i'm vice president, secretary and a trea
d. urer. The Offices of vice-president an
re treasurer or secretary and treasurer ma
ct be held by the same person. Until III
IS third Monday Of January 1922 or unit
er their successors shall have been dul
elected and qualified. Mr.. Walter j. Trau
,a man, shall be president; Mr.. Chas Bachs
of raeh' snail be vice-president and treai
- urer ana MI. Sidney =. Goldberg shall
~ secretary OF said corporation. On the thir
u, Monday OF JANUARY. 1922, Immediately a
sse ter the annual stockholders meeting an
ap annually thereafter. the Board of Director
se | elected at such annual meeting shall seIe,
as from their own number, president
s, wee president, and from among their ow
aii number or from the stockholders, a seer,
IT, tary and treasurer.
n. ARTICLE VII.-NO stakeholder of th
he | corporation shall sell any part or all
the capital stock of this corporation ownt
by him,without first having offered Il
ler same to the remaining stakeholder
81 through the Board of Directors at n
his same price that may have been offered
re- him by another person In the event
OF the increase of the capital stock of this co
as poration, stockholders then owning sto,
In this corporation, shall have the RIG
on ana option to purchase at par the il
Or. creased capital stock in the same promo
81 ton as they shall then respectively no
tai the outstanding stock.
,rs ARTICLE VIII rhroo xuo-. -. a,
OF board OF directors shall constitute q gu
re- rum for the transaction Of all bushes
&c, Said Board OF Directors may adopt a co,
ST. OF bylaws and a seal and amend or chan,
the same at their discretion.
ra- ARTICLE IX-This act of incorporati,
or may be amended in all particulars as DR.
ect vided by law; or the corporation may
la dissolved upon complying with the Or
or Visions OF the status on that subject.
yer In the event of voluntary liquidation. n
IN stockholders shall elect, from their nuI
rs Der, two hquidators who shall be vest.
VI with power to settle it's affairs collect n
nc outstanding debts, and divide the renal
W ing money and property among the stoc
holders.
I'VE ARTICLE X-No stakeholder shall
~ held liable for the contracts or faults
'eu or this corporation, or Of its officers
oi agents. beyond any unpaid balance tn
hai may be due by him on his stock subscri
ton nor shall any mere informality in N
in act have the effect Of rendering this cha
nth ter void, or of exposing the stockholde