The St. Mary banner., 1901-08-10
date and day hereof.
ARTICLE Ii.


! ~ ARTICLE IL. -.
The domicile of this corporation shall
be in the Parish of St. Mary. All clta-
tions and other legal process shall be
served upon the President of said corpo-
ration, or in case of his absence or ina
bility to act, upon the Vice-President, Or
in the absence or inability of both the
President and Vice Pre- sidcnt to act. then
upon the Secretary-Treasurcr OF this
company.
The President shall be the executive
! officer of this corporation; he shall pre-
side at meetings of the Board OF Directs
ors, and stockholders.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature Of the business to be carried ON
by it. are hereby declared to be as 'oI'
lows, to wit:
To buy, sell and deal in land and TIM
Der of all kinds; to drain and improve
lands, whether owned by this corpora
| ton or any other person; to dig ana main
tain canals on lands. whether owned ny
this corporation or any other person; 10
dredgc or improve harbors, channels
and water ways of all kinds, whether navl-
| gable or not. and whether owned or con-
| trolled by this corporation, or any other
person, the State or national govern
ments, to own. buy, sell, lease, build, re-
pair or operate dredge boats, tow boats
or any other kind Ut boats or water craft
and all the appurtenances and necessarles
thereof or in any way connected there
with, and generally to do all things nc
cessary to properly conduct the business
of this corporation.
! ARTICLE w.
This corporation may sue and be sued
in its corporate name, hold, have, re-
ceive, purchase, convey, sell, mortgage,
hypothecate, pledge, lease and sub-lease
and enjoy real and personal property
also borrow and lend money and make
contracts; receive grants of land, or per-
sonal property, and make and use Il cor
porate seal, the same to alter and break
at pleasure; name and appoint such man
ayers, directors, officers, clerks and
agents as the interest and convenience Of
said corporation may require, make ana
establish such bylaws, rules and regnla>
tiOns for the proper management ana
regulation of the affairs of said cOrpOra~
i ton. as may be necessary, and the same
TO alter and change at pleasure, and shall
possess all the rights, powers and prlvl~
legcs to which corporations are, or may
be by any general law or laws of this
State authorized and entitled to possess.
Said corporation may exercise its cor
porate pOwcls within any other State or
Territory in the United States or foreign
country that shall authorize the same.
ARTICLEV.
l 81, ~
is hereby fixed at the sum Of Twenty five
Thousand Dollars (S25. .OO0). represented
by Two Hundred and Fifty shares (23O)
of One Hundred Dollars ($l0O) each.
All stock subscribed for shall be payable
in cash At the time the certificate there
fore is issued, or the Board of Directors
may issue certificates of paid up stock in
payment of property or goods actually
delivered 10 this corporation or for ser-
vices actually rendered to it,
The company shall begin operation as
soon as seventy five (15) shares of the
capital stock are subscribed for or dis
posed Of.
Said capital stock may be increased in
the manner provided for by the laws of
this State, whenever an increase of said
capital stock shall have been authorized
ten davs written or printed notice 10
each stockhoder shall be given. within
which time persons holding stock in this
corporation shall have the right to sub
scribe for said increase stock in proper
ttion to the number of shares of stock
held bv them, and which additional
shares shall be paid for at each time ana
in such amount and manner as the Board
of Directors may direct. After the ex
piration of said time the Board of Di-
rectors may dispose of the shares not
taken for the benefit Of the company IN
such manner as they may think proper.
All transfers of stock shall be made on
the books of lie corporation and shall be
signed by the stockholders or by his
attorney.
/ At all elections by or meetings Of the
stockholders, each share of stock shall
be entitled to one vOte TO be cast either
by the person in whose name the stock
appears on the books of this corporation
at the time of the voting or by his agent
or proxy duly authorized in writing tC
that effect.
! ARTICLE VI
The business and affairs and corporate
powers of this corporation shall be con-
|
be composed Of stockholders thereof and
they and each Of them shall be elected
by a majority of all the votes cast at a
meeting to be held for that purpose
Theodore A. Thorgcson, Francis Martin,
and Z. William Dreibholz, with the said
Thorgeson as President. said Martin as
Vice-Presdent and said Driebholz, as
Sccretary>Treasurer, shall constitute the
first Board Of Directors and they shall
hold office until the second Saturday in
January, 1908, or until their successors
are elected and qualified; each subse-
Iuent Board shall take their seats imme-
diately following their election, Or as
sOon thereafter as practicable, and shall
, hold their offices until their successors
shall have been elected and qualified.
} On the second Saturday of January,
1908, and annually thereafter, an elec.
/ tion for Directors by the stockholders
shall be held at the Office of the com
pany, after ten days notice thereof shall
. have been given by printed or written
notice mailed to each stOckholder at the
last address given BY him to the Secre-
, tary-Treasurcr. Every Board Of Directors
shall, at its first meeting after its election
, or as soon thereafter us possible, elect
1 E.-s A1,<.s