The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1910-12-31
@ n AIR Err
Tie MORGAN tiii LAND CVnfAAl.
United States of Amerlca,
State of Louisiana, !

State of Louisiana,
Parish Of st. Mary
BE KNOWN. that on this Goth day o.
month Of December, in the year OF our
Lord one thousand nine hundred and ten,
before me Roberts G. Milling. Notary PuD-
lie in and for the Parish Of st. Mary, State
Of Louisiana aforesaid, therein residing,
duly commissioned, sworn and qualified,
and in the presence Of the witnesses here
matter named and undersigned, person
ally came and appeared the several per-
sons whose names are hereuntO Subscrib-
cd, who declared. that awaiting themselves
of the laws of the state OF Louisiana IN
such cases made.and provided, ana par
ticularly of the provisions OF Act number
- Of the General Assembly Of the State
OF Louisiana, for the year 1904, they have
coyenanted and agreed, and do by THESE
presents covenant and agree and blnd
themselves as well as all such persons as
NAV hereafter become associated with
them, to form a corporation and body po-
litic for the objects and purposes and I'M
der the articles and stlpulatiOns as 1olloWS'
to-wit:
ARTICLE l.
The name Of this corporation shall be
uTHE MORGAN CITY LAND COM.
PANY." and under its corporate name,
II shall nave power and authority to have
and enjoy corporate existence and success
sion for The full term IT ninety mine years
from and after the date hereof; to con-
tract, sue and be sued; TO make and use a
corporate seal, and the same to alter and
break at pleasure; to hold, receive, lease,
purchase and convey, as well as mortgage
and hypothecate property, real, personal
and mixed, corporal and incorporate; to
name and appoint such managers. agents,
directors and officers as its business in.
terest and convenience may require, to
make and establish, rs well as alter and
amend from time to time, such bylaws,
rules and regulations, Tor the proper gov
eminent of the affairs OF said corporation
as may be necessary and proper.
ARTICLE Ii.
The domlcile Of this said corporation
shall be in the towon Of Morgan Lity, Par
ish Of st. Mary, State Of Louisiana, and all
citations Or other legal process shall be
served upon the President OF said corpora
ton. or in the event of mis- absence, upon
the Vice. President thereof, and in the
absepce of both OF said officers, upon the
Secretary of the corporation.
ARTICLE LII.
The objects aud purposes Of this corpora
ton are hereby declared to be to buy and
sell real estate, lands and tenements,
whether high, low, swamp, Over-h0wed OF
marsh; to purchase. reclaim. develop and
improve lands; to loan and borrow money
on lands, real estate and teIements, and to
mortgage and hypethecate same; and to
issue bonds, notes or other evidences OF
indebted q ess; to farm and cultivate lands
either for itself or for others. and to en-
gage in agricultural pursuits generally; to
buy and sell agricultural products; to
erase lands, and buy and sell cattle, horse,
sheen and other animals for such purposes
to own and operate warehouse, granaries
and sugar retneries, and own and operate
%ho~ 4, nny mis- cnrin ri
carry on q general mercbantile business
both retail and Wholesale; TO construct
own. operate and maintain canals, bridges
ferries, roads, tell roads, tell gates, rail
roads, tram Dads, ana own aud operate
steam boats. steamships tugs, barges ant
other systems Of transportation, and I,
dispose Of same at its pleasure; to builC
and maintain levees anu canals, and L
construct aud maintain drainage and ir
rixatipg plants for itself aud for hire, ant
establish servitudes on lands drained OF
irrigated by such plants in favor OF suct
plants; to reclaim swamp, overflow ant
marsh lands and levee aud protect same
to construct and maintain roads over lands
thus reclaimed; to buy and sell all rea
estate necessary or incidental tor the carry
ing out Of the above described purposes
and to do any aud all things necessary
for and incidental TO the carrying out OF
the above described purposes,
AI.IlLLk Nv.
The capital stock OF said corporation il
hereby fixed at Three Hundred thousand
1890. OUO) Dollala, divided into ANA rep
resented by three thousand shares OF stocl
of the amount oil one hundred dollars
QOU.OO) per share each. said stock shall
be paid for in cash at such time and In
such amC UNITS and after sucl notice to thu
subscribers as may De fixed by che KoarC
of Directors: or the same may De issued al
not less than par for property actually re.
celved by the corporation. The corpora
ton shall become going Concern and be
authorized to do business as soon Il
Thirty five Thousand tSo3 900 dollars O1
its capital stock shall have been subscribed
for.
ARTICLE v.
All the powers Of said corporation shall
b. vested in and exercised ~ a 6oard OF
Directors to be composed " not less than
three nor more than nine stockholders to
be elected annually on the first Monday IN
january Of each year, except the first
Board appointed In this character, who
aha!l hold their Office until the first Non
day in Je nuary, 1912. IL. Stockholders.
before proceeding to elect. Board of Di-
rectOrs at each annual meeting, shall fix
the number thereof within the limits
above prescribed. majority Of whom
shall constitute a quOrun. 4 IL such elec>
lions shall be held by ballot and con-
Quoted at the office Of said corptration un:
der the supervision Of Three commission
ers to be appointed by the Board of Di-
rectors. Notice Of such election shall be
given by the seer eta y OF the company by
pubiic&Hian scr not less tAan ten days. nor
more THAI fifteen days Prior tuereto, IN a
newspaper published in the Town Of Nor
gan City, Parish of st. Mary. Louisiana.
At all such elections and at all meetings
of stockholders every stockholder shall De
entitled to one vote for each share OF stock
standing in mis- name on the books of the
Company to be cast in person or Dy writs
ten proxy, and majority Of votes cast
shall elect. Any vacancy occurring among
the Directors by death, resignation VI
otherwise, shall be filed by election for
the remainder of the term by the remain
ing directors. Failure to elect Directors
upon 1.-THE date above specified shall not