The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-17
CHARTER.

2 and agents as the interests of the cor
q poration shall require: and to make III
necessary bylaws, rules and regula
2 tiOnS for the proper management of it
J affairs. and the same to alter, amen
or repeal at pleasure; and generally, L
exercise all powers that are conferred
} or may hereafter be conferred, on cor
porations of the same kind and char
) acter
T ARTICLE 1.-THE domicile of thi
corporation shall be in the City -
New Orleans, Parish of Orleans. Sta;
OF Louisiana, and all citations or Oth"I
J legal process shall be served on Tn,
president of this corporation. or. i'm IT.,
event of his absence, on the VIZ. -preSl
dent, or. in the event of his absslce. 90
the Secretary-treaSurcr in the ord
, enumerated: and in the eventsOf tn,
absence of the said respective Officers
then at the office of the company.
ARTICLE III-The objects aud pur
poses for which this corporation -
formed and organized and the nature eli
tn" business L. be carried on by ii. are
hereby declared to he.
To do a general brokerage. commits
sion. forwarding and export business
To buy, sell and deal in, store. ship. for
! ward. pledge and receive on conSiEn-
| ment. make advances ON and handle
rice. rice products. and by-produCtS Of
all kinds and articles made or developed
/ from the rice plant or any part thereof
ami any other food products. as brokers
: or agents. to buy. sell and deal in or
! commission, rice, rice products and by
I products upon any commercial eX-
! change or board of trade: to acquire by
! purchase. lease, donation. exchange or
! otherwise. and to hold. operate. sell.
/ ALLEVIATE or cucumber property. real
| personal or mixed. Of every kind and
| description and particularly rice mills.
cold-StOrdEe plants, pumping stations.
| lands warehouses and the appurte-
nanCeS thereof, or such other plants or
I machinery as may be necessary for the
manufacture and preparation for the
market of rice or bN-pToduCtS of any
! kind or articles made or developed
from the rice plant of any part thereof
or any other food products; To obtain "a
certificate or certificates as public
warrhOuSeman. and to carry on bust
ness as such: To buy or otherwise &c
quirc and To sell or ALLEVIATE sacks
! Irvine or other merchandise connected
win or used in the handling of the
business herein:
To acquire 10y purchase or otherwise.
and To hold for investment or other
wise, 10 sell. assign. transfer mortgage.
pledge or otherwise dispose of. bonds.
or other securities or evidence of in
debtcdneSS or any shares of capital
stock of any other corporation or cor
pOrauons. association or ASSOCIATE lions.
whether foreign or domestic. and while
the owner of said stock. to exercise all
the rights powers and privileges of
ownership. including the right to vote
thereon to the same extent a. Il natural
person might do
And generally to do and perform AMI
carry on any and all business in any
manner connected with. Gcrmane or in
c'letanl To any one or all of the fore
going objects and purposes.
The foregoing clauses shall be con-
strued both as objects and powers. but
no recitation. expressed or declaration
of specific or special powers of purposes
herein enumerated shall Toe construed
as exclusive: but il is hereby express
" declared that all other lawful powers
not inconsistent Herewith. and such As
q natural person might have or exercise /
are hereby included
ARTICLE TV-The capital stock of
this corporation is hereby declared To- I
b" one hundred thousand (s1oO.OOo.ooD /
dollars, divided into one thousand /
, HgoD shares of the par value of one /
hundred (S100 0O) dollars each. all of I
which shall be common stock and shat /
be paid for either in cash. for labor
received.
The capital stock Of this corporation
may be increased from time to time to
any amount not exceeding two hundred
and fifty thousand S250. 900 00) dol
lars in accordance with the provisions
of law appertaining thereto
The shares Of stock of this corpora
non shall be transferable on the books
u the corporation only and no transfer
shall be binding on the corpora tion or
ave any effect unless and until made
upon said books.
ARTICLE V-All OF the powers %
his corporation shall lie vested in and
exercised by board of directors com
posed of not less than three and not
more than f. a shareholders a majority ,
II whom shall constitute Il quorum fo-
he transaction of all business. ma ,
ority of the board of directors voting a.,
L any time shall be required to pass ,
my resolution or adopt any bylaws
when so passed, shall become valid cor
'Orate acts. ,
The first board of directors who shall 5
old office until the second Tuesday in |
september. 1923, the date of the annual 5
Meeting of the corporation as herein {
fter fixed. shall consist Of: Charles 5
:. Cormier. who shall be president 4S9 \
-owerline Street, New Orleans. La:
'hilip +. Vallee. who shall be vice :
resident 72O Broadway Street New a
orleans, La; william E Patterson, +
Who shall be secretary-treasurer. 1925 =
4. Andrew Street. New Orleans. La: ]. !
}. Broussard. Beaumont, Texas, 5
The board of directors. except as
ereinabove provided for shall be elect i
q annually at general meeting of d
econd Tuesday in September. 1923. and a
n the same date and month in each and f
very succeeding year thereafter. after o
fifteen days notice in writing mailed to
ach shareholder at his last known ad- h
reSS appearing upon the books Of the v
unless said notice is waived O
n writing by all the shareholders an o
caring as such upon the books q
special meetings of shareholders may {
ways he called by the board of direc- b
ors. subject to the fOrmalities as to p
office or waiver of notice as herein y
bove provided in regard to general c
MEETINGS. q
A failure, however from any cause h
whatsoever. to hold the annual meeting r
stockholders, or the failure to elect Il
irectors thereat. shall not operate the $
Drfetiure of this charter nor impair {:
s corporate management, but the d. s.
actorS then in office shall remain in q
tfice and shall serve until their sue q
essors have been duly elected quail n
cd and installed. s.
Any vacancy in the board OF direc- Il
)rS. from any cause whatsoever shall 81
e filled for the unexpired term by the
.maining directors. And the said board c.
directors shall have power and au- o
lority to make all necessary rules and ST
agulatfons for the operation and con- p
'ol OF the business of the corporation o1
; well as to make, alter and amend all Il
ecessary rules and bylaws. 81
ARTICLE VI-This act of incorpora- Il
on may be changed. altered or amend 81
l. or this corporation may be dissolved 81
Y and with the assent of the holders d,
two-thirds in amount Of it's then en- OF
re outstanding stock. at general III
Getting convened for that purpose
ter thirty 500 days notice in writ p,
lown address. and after fifteen 15) di
lys' publication in one of the daily he
,wspapers in the City of New Or st
ans, and as prescribed by law al
w heneVer this corporation is dissolved ell
limitation or otherwise, its affairs of