The herald., 1921-04-14
CHARTER OF THE RICE PRODUCTS
COMPANY, INCORPORATED.

United States of America, State of Lou
| isiana, Parish of Orleans, City of New Or
| leans. Be it known, That on this first (1st)
| 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, 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 ayailing themselves Of the
! 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 it
| shall enjoy corporate existence for a term
| or ninety nine (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 it shall be
| served upon Its president or, in his alb
| sence, upon the yice-president, and in 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; ii
| may borrow or lend money upon security
| 1t may sue and be sued; and may have
| and use corporate seal. 1t may have and
| enjoy all such other rights, powers and
| prerogatiyes as are now or may be here
| nv
| 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 it 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
rights and trade marks for the prepare
ton and manufacture, of cereal foods or
iced preparations; to acquire by purchase
| or lease and to 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
| incidental to the objects and purposes
| herein stated.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at seventy-fiye
| thousand (S750O0.) dollars, divided into
and represented by seven hundred and
nfty (I5O) shares of the par value of one
hundred ($1O0) dollars per share: and the
right Is hereby reserved to increase the
sald 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 500 per cent or thirty-
seven thousand: five hundred 1881, 500 dol
iars 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
SSIo,ioO) dollars of the said subscriptions
mas Deen 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 five 90 stockholders, Messrs.
Walter j. Trautman, Chas. Bacharach' sid
ney ). Goldberg, JAG. Trautman and Josepb
drautman, all residing in the City of New
Urleans' state OF Louisiana shall consti-
tute the first Board Of Directors, who shall
hoId Office until the third (3rd) Monday in
January, 1922, or until their successors
shali De duly elected and qualified. On the
rnlPn Monday in January, 1922. and an
nualy thereafter, an election for Direc-
tors shall be held at the Office of the cor
poratlen IN the City of New Orleans. after
h ho.ices have been given to each stock.
tbereto D! mail an at least ten days prior
shail be allowed one vote for each share
mat mas been standing in his name on the
DOCKS or the corporation ten days prior TO
rino "ts e In case OF vacancy occur
ring Tor any cause in either the Board
OF directors or among the officers. the
vacancy shall be filed by the REMAINING
directors e;t by the election of stakeholder,
u ~ III Sucn vacancy, who shall hold Office
until the next annual meeting, or until
successor is elected
AhilCLE vI.-The officers of this cor.
pot poration snail consist Of a president, a
vice, ieepreSIdent, secretary and a treas
tre treas Inc e. oiiiees of vice-president and
%. De held by the same person. Until the
thlrd Monday Of January 1922. or. until
e ehear successors shall have been duly
man, shall be president: Mr. C,bas Racha
n naen' snail be vice-president and treas
urer and Mr.. Sidney s. Goldberg shall he
Mo eredLary OF said corporation. On the third
ter the annual stockholders meetino ond
al thereafter, the Board of Directors
erected at such annual meeting shall select
r ricm .neir own number, a president, a
NIce-presldent, and from among their ovn
number or from the stockholders. n secre-
tary and a treasurer. ''
ARTICLE Vino stockholder of tbis
corporation shall sell any part or ALI -
t tne capital stock Of this corporation owned
Dy MN, without first having offered tho
same to the remaining stockholders
snrough the Board Of Directors. at the
same same price that may have been offered to
MIN Dy another person. In the event 80
the increase Of the capital stock of This cor.
poration, stockholders then owning stock
IN TINS corporation, shall have the rioht
anu optlon to purchase at par the in
creased capital stock in the same propor-
.t ton as tney snail then respectively hold
the outstanding stock @'iu
ARTICLE VIII.-Three members NJ tho
Doard OF directors shall constitute a ono.
Sui1 LOT the transaction Of all business.
S 90 "a board or Directors may adopt a code
~ laws ana seal and amend or change
the same at their discretion.
ARTICLE IX.-This act of incornor.t,on
, nay De amended in all particulars as pro
s.u py law; or the corporation NAV he
S;s;" upon complying with the pro-
VISIONS Oh the status on that subject.
In the event Of voluntary LIQUIDATION tho
s.ocknolders shall elect from their num.
, ueI, Two hquidators who shall be vested
viii power TO settle its affairs collect the
s n, ueDts. and divide the remain
holders. e 'ne SUCK
ARTICLE X.--No stakeholder shall be
heio laDle for the contracts or faults of
ol snls corporation, or of its officers or
agents, beyond any unpaid balance that
may be due by him on his stock subscrin.
tlon nor shall any mere informality in This
act nave the effect Of reudar;n0 th;. 49,