The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-31
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 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, 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,
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 a term
OF 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 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.
All LILLE ll.-Sdlu 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 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 fer which this corporation is or
ganiZed, and the nature of the business to
be carried on by IL 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 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,
| 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 (S15OO0) dollars, divided into
! and represented by seven hundred and
4 fifty (1J0) shares of the par value of one
| hundred $1,000 dollars per share; and the
| right is hereby reserved to increase the
| said capital stock to not more than two
hundred and fifty thousand (S25QOO0) dol
lnr linz -
| the law. The subscriptions opposite the
| signatures of the subscribers to this char
| ter show that fifty (5O) 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
| tSlS,.5O) dollars of the said subscriptions
| 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 Board Of Directors con
sisting of five 90 stockholders, Messrs
Walter ]. Trautman. Chas Bacharach. Sid
ney 5. Goldberg, JAG. Trautman and JOSEPH
| Trautman. all 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 il
| January, 1922, or until their successor
shall be duly elected and qualified. On tn,
third Monday in January, 1922: and an
| nually thereafter. an election for Direc
tors shall be held at the office of the cor
poratiOn in the City of New Orleans. afte
| 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
that has been standing in his name on tn
books OF the corporation ten days prior t
the meeting. In case of a vacancy occur
ring for any cause in either the Boar,
| Directors no
vacancy shall be filled by the remainin
directors by the election of a stockholdei
to NIL such vacancy, who shall hold Offic
until the next annual meeting or until
successor is elected.
ARTICLE VI.-The officers of this COZ
poration shall consist of a president,
vice-president, secretary and a treas
urer. The Offices of vice-president an
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
elected and qualified. Mr.. Walter J. Traut
man shall be president; Mr.. Chas Bacha
rach, shall be vice-president and treas
urer and Mr.. Sidney s. Goldberg shall b
secretary Of said corporation. On the thir,
Monday Of JANUARY. 1922. Immediately al
yer the annual stockholders meeting. an
annually thereafter, the Board of Director
elected at such annual meeting shall seIec
from their own number, a president,
vice-president, and from among their ow
l numucE Ut ITon the stockholders, q Secre
tary and treasurer.
ARTICLE Vino stakeholder of thi
|. corporation shall sell any part or ali q
the capital stock Of this corporation owne
py MIN without first having offered tn
same to the remaining stakeholder,
through the Board of Directors. at tn
same price that may have been offered I
, 1 MIN by another person. In the event O
| the increase Of the capital stock of this cor
poration, stockholders then owning stoc
In this corporation, shall have the RICH
ana option to purchase at par the in
| creased capital stock in the same propor
| ton as they shall then respectively hoI
! the outstanding stock
ARTICLE VIII.-Three members of IN
| Board OF Directors shall constitute a QUO
rum Tor the transaction Of all business
SAID Board Of Directors may adopt a cod
: OF bylaws and a seal and amend or chang
the same at their discretion.
: ARTICLE IX.-This act of incorporate
may be amended In all particulars as prt
vided by law; or the corporation NAV b
dissolved upon complying with the DR.,
: visions Of the status on that subject.
In the event Of voluntary liquidation. IN
stockholders shall elect, from their nun
!. Der, two liquidators who shall be veste
. with power to settle its affairs, collect IN
! outstanding debts, and divide the remain
ing money and property among the stock
holders.
ARTICLE X.-No stockholder shall 4
!, held liable for the contracts or faults I
: OF this corporation, or of its officers {
! agents, beyond any unpaid balance tn,
may be due by him on his stock subscriI
ton; nor shall any mere informality in tn
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