The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-01-07
Oh A r T 6 r
ihr nviGAN tlil LAND COMPANY.
United States Of America, !
State of Louisiana, ,

month of December, in the year Of our
lord one thousand nine hundred and ten,
bot, re me Roberts &. Milling, Notary Pub
lie IN and for the Parish Of st. Mary, state
If ouisiuna aforesaid, therein residing.
duly commissioned, sworn aud qualified,
and in the presence of the witnesses here
matter named and Undersigned, person
ally came and appeared the several per-
sons whose names ere herelnto subscrIb-
ed, W no declared that aS aiIing themselves
OF the laws y. 5Dt state OF Louisiana in
such cases madciand provided, anu par
tlcuIarly OF the provisions Of Act number
~ Of the General Assembly of the State
coyenanted aud agreed, and do by these
presents covenant and agree and bind
themselves as Well rs ali such persons as
NAV hereafter become associated with
them, to form corporation and body po-
little for the objects and purposes and I'M
der the articles and stlpulatIons as follows,
tO-wit:
ARTICLE |.
The name of this corporation shall be
ssTHE MORGAN CITY LAND COM
PANY," and under its corporate name
it shall have power and authority to have
and enjoy corporate existence and success
sion for the tuIl term OF Dlnety-nlue Years
from and aIler the date hereof; to con-
trace, sue and be sued to make and use a
corporate seal, and the same TO alter ana
break at pleasure; 10 mold, receive, lease
purchase anu convey, as well as mortgage
and hypolhecate 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 by>laws,
rules and regulations, for the proper gov
eminent Of the affairs OF said corporation
a, may be necessary and proper.
ARTICLE IL.
The domlcile OF this said corporation
shall be III the towon OF Morgan civ, Far.
Ish of st. mary, State OF Louisiana, ana all
citation. or other legal process shall be
served u BON the 4 resident OF said cufpura-
ton, or III the event of his absence, upun
the Wee President thereof, and in the
absence OF both OF SAID officers, upon the
Secretary OF the corporation.
ARTICLE Ill.
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>hvwed or
marsh: to purchase. reclaim, develop and
improve lands; to loan and borro " money
on lands, real estate and tenements, and to
mortgage and hypethecate same; and to
issue bonds, notes or other evidences of
either tor 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, b Jrse
sheep and other animals IOr such purposes:
to own and operate warehouse, grauarIes
and sugar renneries, anu own and operu.e
In connection thereMltn cOmlnlsSerie,, ana
carry on general morchantlic business
both retail and Wholesale; II construct
4 ,,v,t. al,
fsvrles, ROADS, ten roat>, tell gates, rail-
roads, tram roads, and own and operate
steam boats. steamships tugs, barges and
other systems OF transpOrO atlOn, and to
dispose Of same at Its pleasure; to build
and maintain levees and canais, and 10
construct and maintain drainage and IT.
riy.tlng plants 1or Itself aid for hire, ard
establish servitudes on lands drained or
irrigated by such plants in favor OF such
plants; to reclaim swamp, overflow and
marsh lands ard levee ana protect same:
TO construct and maintain roads over lands
thus reclaimed; to buy and sen al real
estar necessary or incidental Tor the carry>
Jig out OF the ABOVE described purposes,
ana - do any and all things necessaar,
for and Incidental to the Carrying out OF
the above described purposes,
AKTICLEIV.
The capital STOCK or said corporation is
Ii
,ls.o,OO.OuU) Uollala, divided into aud reps
resented by three thousand shares Of stock
IL the amount OF one hundred dollars
iOU,UO) per share each. SAID stock shall
be paid for in cash at such time and IN
such amounts and after such notice to The
subscribers as may be fixed by the Board
OF Directors; or the same may DE Issued at
not less than par Tor property actually re-
ceiyed by the corporation. The corpora
ii i'm ha1 become. "A q
authorized to do business as soon as
Thirty Il We Thousand ($35, OUO) Dollars OF
its capital stock shall have been subscribed
for.
ARTICLE V.
An the powers of said corporation shall
be vested in and exercised by .,Oard 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
dag in January, 1872. The Stockholders.
before proceeding to elect Board of Di-
rectors at each annual meeting, shall Tx
the number thereof within the limits |
above prescribed. majority of whom !
shall constitute quorum. All such elec> |
tions 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- |
Notice of such election shall be |
given by the Secretary of the company by |
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>
en proxy, and majority of votes cast
shall elect. ANY vacancy occurring among
he Directors by death, resignation or
otherwise, shall be filled by election for
he remainder OF the term by The remain
~ direc .ors. Failure to elect Directors
lpon the date above specified shall not
dissolve the corporation nor impair its
corporate management, but the Directors
hon IN atGa-. a.,l paaia In Fl - |