The herald., 1922-09-07
CHARTER.

ALLEVIATE or cucumber property, real.
peTso or mixed. of every kind and
description and particularly rice mills,
CoId-storaSe plants, pumping stations,
iahds warehouses and the appurte-
hances thereof, or such other plants or
machinery as may be necessary for the
manufacture and preparation for the
market OF rice or by-productS Of any
Kind or articles made or deveIope,I
from the rice plant of any part thereof
or any other food products; to obtain a
certificate or certificates as public
warehouseman, and to carry on bust
ness as such; to buy or otherwise ac-
qulre and TO sell or ALLEVIATE sacks.
tWlne or other merchandise connected
VIII Win or used in the handling of the
business herein;
To acquire by purchase or otherwise.
and TO hold for investment or other
| wise, to sell, assign, transfer mortgage.
pledge or otherwise dispose Of. bonds.
OF olntr securities or evidence of in
debtedneSs or any shares Of capital
STOCK OF any other corporation or cor
pordtlOnS, association or associations
| whether foreign or domestic, and while
tne owner Of said stock, to exercise all
the rights, powers and privileges Of
ownership, including the right TO vote
| thereon to the same extent as a natural
person might do.
And generally to do and perform and
carry on any and all business in any
manner connected with, germane or in
cIdetanl TO any one or all of the fore
gong objects and purposes.
The foregoing clauses shall be con-
| StrHed both as objects and powers, but
no recitation, expressed or declaration
OF specific or special powers of purposes
herein enumerated shall be construed
as exclusive, but il is hereby express
| ~ declared that all other lawful powers
| not inconsistent herewith, and such as
Il natural person might have or exercise
are hereby included
ARTICLE IV-The capital stock Of
this corporation is hereby declared To
! be one hundred thousand 100000 .OUD
dollars, divided into one thousand
! tlOgOD shares Of the par value of one
! hundred tSlUO.VOD dollars each, all OF
| which shall be common stock and shall
| be paid for either in cash, for labor
done. or for money or property actually
! received.
! The capital stock Of this corporation
may be increased from time To time to
! any amount not exceeding two hundred
and fifty thousand C$25O,OOOOO) dol
/ lars, in accordance with the provisions
| Of law appcrtaining thereto.
| The shares of stock of this corpora
| ton shall be transferable on the books
! Of the corporation only and no transfer
| shall he binding on the corporation or
| have any effect unless and until made
| upon said books.
ARTICLE V-Au of the powers Of
! this corporation shall be vested in and
| exercised 10y board Of directors COM
posed of not less than three and not
| more than five shareholders a majority
/ of whom shall constitute a quorum for
/ the transaction of all business. y ma
jority of the board of directors voting
| at any time shall br required to pass
! any resolution or adopt any bylaws,
when SO passed, shall become valid cor
porate acts.
The first board of directors who shall
/ hold office until the second Tuesday IN
September. 1928, the date of the annual
| meeting of the corporation as herein
after fixed, shall consist Of: Charles
/ Lowerlue Street, New orleans, La;
| Philip T.. Nallee. who shall be vice
president 72O Broadway Street New
| Orleans, La; William +. Patterson,
who shall be Secretary-treasurcT, 1925
st. Andrew Street, New Orleans, La; J.
! O. Broussard. Beaumont Texas.
The board of directors. except as
| hereinabove provided for shall be elect
| ed annually at q general meeting OF
1 the stockholders to be held on the
second Tuesday in September. 1928. and
on the same date and month in each and
| every succeeding year thereafter, after
| fifteen days notice in writing mailed to
! each shareholder at his last known adj
/ dress appearing upon the books of the
| corpora ton, unless said notice is waived
in writing by all the shareholders APP
pearinE as such upon the books.
| Special meetings of shareholders may
| always be called by the board of direc-
| tors. subject to the fOrmalitieS as to
notice or waiver of notice as herein
| above provided in regard to general
| meetings.
A failure however. from any cause
| whatsoever to hold the annual meeting
| Of stockholders, or the failure TO elect
| directors thereat- shall not operate the
/ forfeiture of this charter, nor impair
| it's corporate management, but the di-
! rectorS then in office shall remain in
| office and shall serve until their sue
| cessors have been duly elected, quail
| fled and installed
| ANY vacancy in the board of direC-
| tors. from any cause whatsoever, shall
| be filled for the unexpired term by the
/ remaining directors. And the SAID board
| of directors shall have power and au-
! thority to make all necessary rules and
| regulations for the operation and CON
| troll of the business of the corporation.
| as we'll as to make, alter and amend all
! necessary rules and bylaws.
| ARTICLE VI-This act of incorpora-
| ton may be changed altered or amend
| ed or this corporation may be dissolved
| by and with the assent of the holders
of two-thirds in amount of it's then en-
| tire outstanding stock, at general
meeting convened for that purpose
after thirty 800 days notice in writ
known address, and after fifteen (l5)
| DAYS publication in one of the daily
newspapers in the City of New Or
| leans. and as prescribed by law.
] Whenever this corporation is dissolved
/ by Limitation or otherwise. its affairs
| shall be liqudated under the superyi-
! sion of three commissioners. to be
| elected at a general meeting of share
| holders convened for that purpose, after
| notice as above provided for in this
| article and they shall remain in office
| until the affairs of the corporation
| shall have been fully liquidated; and in
| case of the death or disability to act
| of one or more of the said liquidators
| the survivors or survivor shall con-
| tinue to act under the provisions and
in accordance with the terms of Sec
. Of Act of
! ARTICLE Vino shareholder of
this corporation shall ever be held
! liable or responsible for the contracts
or faults of this corporation in any
| further sum than the unpaid balance
! due upon the shares of stock owned by
! him: nor shall any informality in the
| organization have the eject of render
| ing this charter null or exposing any
shareholder to any liability beyond the
| unpaid balance due upon his stock, nor
| shall any infOrmality or irregularity in
| organization have the eject of render
! ing any shareholder liable as a partner.
! ARTICLE VIII-The subscribers
! hereto have respectively written oppo-
| site their names. the amount OF stock
! in this corporation subscribed for by
| each of them. together with their post
| office addresses, so that this act of in
! corporation shall serve as an original
| subscription list.
| And here, the said Charles +. Cor
mier. declared that whereas he has for
many yearse past been conducting bust
! ness in the City of New Orleans, as a
| dealer in rice and rice products, he.
said Charles f. Cormier. in payment of
1 = Of 4