The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-01-28
Oh RT
THE MORGAN CITY Land COMPANY.
United States of America,
State Of Louisiana, J
L i. 4 n 4

United states OF America,
State Of louisiana,
Parish of IT. Mary
BE IT KNOWN, that on this Goth day of
month OF December in the year OF our
Lord one thousand nine hundred and ten,
before me Roberts G. Milling, Notary Pub
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
ed. who declared. that availing themselves
of the laws Of the state OF Louisiana in
such cases madeland provided, and par
ticularly Of the provisions OF Act number
y 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 bind
themselves as well as ali such persons as
NAV hereafter become associated with
them, to form a corporation and body po-
litic for the objects and purposes and un-
der the articles and stipulatlons as follows,
tO-wit:
The name of this corporation shall be
ssTHE MORGAN CITY LAND COM.
PANY.n and under its corporate name,
it shall have power and authority to have
and enjoy corporate existence and success
sion for the full term Of ninety-nine 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, as well as alter and
amend from time to time, such bylaws,
rules and regulations, for the proper gov
arnmept of the affairs of said corporation
as NAV be necessary and proper:
ARTICLE IL.
Tho dom1cile of this said corporation
shall be in the towon OF Morgan City, Par.
isb of st. Marys State OF Louisiana, and all
citations or other legal process shall be
carved upou the President of said CORPORA
tion. or In the event sof his absence, upon
the Wee President thereof, and in the
absence of both Of said officers, upon the
secretary of the corporation.
ARTICLE LII.
The objects and purposes Of this CORPORA
ton are hereby declared to be to buy and
sell real estate, lands and tenements,
whether high, low, swamp, Over>fOwed' or
marsh; to purchase, reclaim. uevelOp and
imnroye lands; to loan and borrow money
on lands, real estate and tenements, and to
mortgage aud hypethecate same; and to
issue bonds, notes or other evidences of
indebtedness; to farm and cultivate lands,
either for itself or for others. and to en-.
gage in agricultural pursuits generally; to
INV and sell agricultural products; to
Erase lands, and buy and sell cattle, horse,
Sh-en and other animals for such purposes;
to own and operate warehouse, granaries
and sugar retlneries, and own and operate
in connection Herewith c0mmisseries, and
carry on q general merchantile business
both retail and wholesale; to construct,
own, operate and maintain canals, bridges,
ferrles roads, tell roads, tell gates, rail-
roads. tram roads, and own and operate
steam boats. steamships tugs, barges and
other systems Of transportation, and to
disnose Of same at its pleasure; to build
and maintain levees and canals, and TO
construct and maintain drainage and lr-
ripating plants tor itself aud for hire, and
establish servitudes on lands drained or
irrigated by such plants in favor OF such
nla1ts; to reclaim swamp, overflow and
marsh lands and levee and protect same;
to construct aud maintain roads over lands
thus reclaimed; to buy and sell all real
estate necessary or incidental tor the carry>
ing out Of the above described purposes,
and to do any and all things necessary
for and incidental to the carrying out OF
the above described purposes,
ARTICLE ~.
The capital stock Of said corporation is
hereby fixed at Three Hundred Thousand
IS;)OO. 0OO) Dollala a, divided into and reps
resented by three thousand shares of stock
of the amount OF one hundred dollars
100000 per share each. said stock shall
he paid for in cash at such time anu in
such amounts and after such notice to the
sunscribers as may be fixed by the Board
of Directors; or the same may be issued at
not less than par for property actually re-
carved by the corporation. The corpora
tion shall become going concern and be
authorized to do business as soon as
Thirty five Thousand ($35, OOO) Dollars Of
its capital stock shall have been subscribed
tor.
All the powers of said corporation shall
be vested in and exercised by a Board OF
Directors to be composed OF 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
shall hold their Office until the first Mon
day in January, 1912. The Stockholders.
before proceeding to elect Board of Di.
the number thereof within the limits
above prescribed. majority Of whom
shall constitute q quorum. All such elec>
lions shall be held By ballot and con.
Quoted at the Office Of said cOSptratiOn I'm:
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 Secretary Of the company by
publication sor not less than ten days, nor
more than fifteen days prior thereto, 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 stakeholder shall be
entitled to one vote for each share of stock
standing in his name on the books Of the
Company to be cast in person or by writ.
ten proxy, and q majority Of votes cast
shall elect. ANY vacancy occurring among
the Directors by death, resignation or
otherwise, shall be filed by election for
rbo al Anr IS In for hyf hn