The herald., 1922-08-31
CHARTER.

description and particularly rice mills,
cold-storage plants, pumping stations,
lands warehouses and the appurte-
nances 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 developed
from the rice plant of any part thereof
or any other food products; to obtain
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,
Irvine or other merchandise connected
with or used in the handling of the
business herein;
To acquire by purchase or otherwise.
and to hold for investment OF other
wise, to sell, assign, transfer. mortgage
pledge or otherwise dispose of. bonds
or other securities or evidence of in
debtedneSS or any shares of capital
stock of any other corporation or cor
| pOratIOnS, association or association.
whether foreign or domestic. and viii
! the owner of said stock, to exercise aN
! 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
| going objects and purposes.
| The foregoing clauses shall be con-
| Strsed 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 ii is hereby express
| ly declared that all other lawful powers
not inconsistent herewith, and such as
| a 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 (SlOO,OOO.OOl
| dollars, divided into one thousand
| G.OUO) shares of the par value of one
hundred ($l00.0O) 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
| The capital stock of this corporation
may be increased from time To time To
any amount not exceeding two hundred
and fifty thousand (S25O,OUO.OO) dol
! lars. in accordance with the provisions
! of law appertaining thereto.
! The shares of stock of this corpora
| ton shall he transferable on the books
! of the corporation only ana no transfer
| shall be binding on the corporation or
have any effect unless and until made
! upon said books.
! ARTICLE V-Al Of the powers Of
! this corporation shall he vested IN ana
! exercised by board OF directors com
| posed of not less than three and not
more than five shareholders a majority
| of whom shall constitute a quorum Tor
/ the transaction of all business. ma
| jority of the board of directors voting
! at any time shall he 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. 1923, the date of the annual
! meeting of the corporation as herein
| after fixed. shall consist OF: Charles
! r.. Cormier who shall be president, idS
aaWNaa n
| Philip T. Vallee. who shall be vice
president 72O Broadway Street New
| orleans. La; William +. Patterson.
| who shall Ice treasurer. l3-9
/ 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 general meeting oi
| the stockholders to be held on the
! second Tuesday in September. 1923, and
on the same date and month in each and
every succeeding year thereafter. after
fifteen days notice in writing mailed IL
each shareholder at his last known al
dress appearing upon the books of tht
corpora ton. unless said notice is waived
in writing by all the shareholders APP
pearing as such upon the books
| Special meetings of shareholders may
always be called by the board of direc'
tors subject to the fOrmdlitieS as 1,
| notice or waiver of notice as herein
above provided in regard TO genera
meetings.
whatsoever to hold the annual meetint
Of stockholders, or the failure to cleo
directors thereat. shall not operate 'h'
forfeiture of this charter, nor impair
it's corpOrate management. but the I'll
r.ctors then in office shall remain II
office and shall serve until their sue
Cessors have been duly elected, quail
fled and installed. a.,
ANY vacancy in the board OF direc
| r.
he filled for the uneXpired term by tn
! remaining directors. And the SAID boar'
Of directors shall have power ana au
thority to make all necessary rules am
| regulations for the operation and con
| troll of the business of the corporation
as we'll as to make. alter and amend al
; necessary rules and bylaws.
ARTICLE VI-ThiS act of incorpora
tion NAV be changed. altered or amend
ed. or this corporation may be dissolve
. by and with the assent of the holder
of two-thirds in amount OF its then en-
tire outstanding stock, at a genera
meeting convened for that purpos
after thirty 800 days notice in writ
ing mailed to each shareholders las
, known address, and after fitteen liS
days' publication in one OF the dall
newspapers in the City of New Or
9 leans and as prescribed by law.
Whenever this corporation is dissolve
: by Limitation or otherwise, its AFFAIR
=. shall he .liQuidated under the superTl
; sion of three commissioners, to
elected at a general meeting OF snare
j holders convened for that purpose. aite
notice as above provided for IN Uni
article and they shall remain in offlc
until the affairs of the corporatlo
shall have been fully liquidated; ana
case of the death or disability 10 &C
of one or more of the said liQuidator'
, the survivors or survivor shall cor
= tinue to act. under the provisions an
= in accordance with the terms OF sec
= ton 80 of Act 267 of 1914.
l ARTICLE Vino shareholder
: this corporation shall ever be hel
: liable or responsible for the contract
or faults of this corporation in an
: | further sum than the unpaid balanc
: due upon the shares of stock owned b
:, him: nor shall any infOrmality in IN
u organization have the eject of render
1 ing this charter null or exposing an
{ shareholder to any liability beyond III
! unpaid balance due upon his stock, No
!. shall any informality or irregularlty
. organization have the eject OF rende
ing any shareholder liable as partne
!, ARTICLE VIII-The subscriber
II hereto have respectively written opp
: site their names, the amount OF stoS
; in this corporation subscribed Tor I
y each of them, together with their POI
5 office addresses, so that this act of II
D. CORPORATION shall serve as an origins
!, subscription list.
n And here the said Charles r. Co
I mier, declared that whereas he has II
o many yearse past been conducting bus
e ness in the City of New Orleans, as
{ dealer in rice and rice products, h
II said Charles f. Cormier, in payment
u his subscription to the extent or M
Is C5O) shares only, however. of the cap
III raj stock of this corporation, hereby a